Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading

Author:   Peter Rosenstreich
Publisher:   Pearson Education (US)
ISBN:  

9780131486904


Pages:   304
Publication Date:   28 June 2005
Format:   Hardback
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

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Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading


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Overview

"""For many investors, an intense, 24-hour-a-day, $1.5 trillion roller-coaster of a market spells ""danger""; for readers of Forex Revolution, the word is ""opportunity."" –Michael J. Panzner, vice president, Rabo Securities USA, Inc., and author of The New Laws of the Stock Market Jungle ""The author possesses an uncommon ability to describe a difficult and rapidly changing marketplace as if seen through a beginner's eyes. A most useful book for anyone that might not have been paying attention these past five years as the market reinvented itself."" –Brentin C. Elam, director, Northcoast Asset Management, LLC Foreign currency exchange–""Forex""–is today's #1 new investment opportunity. Revolutions in technology, regulation, and globalization have made Forex trading accessible to every active investor. Only one thing has been missing: An objective, clear ""user's guide"" to Forex trading. Now it's here–and it's in your hands. Simply and clearly, Forex Revolution reveals everything you need to know to trade Forex hands-on–from fundamental and technical trading strategies to the unyielding discipline that's essential to success. In this book, Peter Rosenstreich brings together insider techniques from all over the industry: Traders, banks, Forex firms, even the National Futures Association. You'll find expert guidance on everything from handling 24/7 markets to profiting from the emergence of China. Unlike other books, Forex Revolution doesn't require you to subscribe to costly services or purchase expensive tools. Whether you're an individual investor or a money manager new to Forex, this book gives you all you need: Facts, techniques, resources and–above all–the insider's edge. Why Forex has become your #1 profit opportunity How the currency markets became indispensable to the active investor Meet the players, markets, tools, portals, and platforms Everything you should know before you get started Choose the right FX investments Understand currency futures, options, swaps, and more Master both fundamental and technical trading strategies and discover why you need to know both Gut check: What it takes to win in the Forex markets Develop the discipline you need to succeed Foreign Exchange Trading: Today's #1 Opportunity for Explosive Profits! The practical, hands-on Forex trading guide for individual investors No costly subscriptions or expensive tools needed Delivers unbiased, up-to-the-minute techniques you can start profiting from today Covers everything from trading rules to fundamental and technical strategies Realistically assesses risks and pitfalls–and shows how to avoid or mitigate them Forex Isn't Just the World's Biggest Market–It's Your #1 Profit Opportunity! Every day, more than $1.5 trillion in currency trades are executed. That dwarfs the daily volume of the NYSE, NASDAQ, FTSE, DAX, and Tokyo Nikkei–combined! Today's growing currency volatility has made Forex the place to earn huge profits. Think Forex is just for secretive financiers and central bankers? Not any more! The rules have changed, and this book shows you exactly how to get in on the action. No other book offers as much unbiased, practical, how-to guidance for trading from Forex. Peter Rosenstreich doesn't just present his own techniques–he reveals never-before-published tips and techniques from traders throughout the industry. Above all, Mr. Rosenstreich tells you the whole truth: How currency markets work, how to trade, what the risks are, what to do about them...and what it really takes to win. © Copyright Pearson Education. All rights reserved."

Full Product Details

Author:   Peter Rosenstreich
Publisher:   Pearson Education (US)
Imprint:   Financial TImes Prentice Hall
Dimensions:   Width: 23.90cm , Height: 2.70cm , Length: 15.70cm
Weight:   0.608kg
ISBN:  

9780131486904


ISBN 10:   013148690
Pages:   304
Publication Date:   28 June 2005
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Out of Print
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

Table of Contents

1. The Truly Modern Market.     A Market for the 21st Century      Opportunity Is Knocking     Everybody’s Talking About It     Endnotes 2. The Currency of Trading in Everyday Life.     A Fact of Life     Keeping Up with the Rates     The Sun Never Sets on Forex     Noodles in the Morning     Laos for Lunch     Odessa at Dusk      Back in a 9-to-5 Market 3. The History of Forex (and Why You Should Care).     The Beautiful Market     Lessons of History     The Roots of Modern Currency     The Clash Between Governments and Markets     Trends That Rocked the Forex World     The Rise and Fall of the Modern Gold Standard     The Rise of the Euro     The Internet Trade Revolution: Banks Hated It, Speculators Loved It, and the Market Demanded It     Seeing the World Through Forex      Endnotes 4. The Basics of Foreign Exchange.     Spot     Quotes     Majors     Cross Rates     Pips     Bid/Ask      Lot     Mini Lot     Basic Tools of Training     Positions     Market Order     Limit Order     Stop Order     Order Cancels Other     Stop-Limit Order     Rollovers     Interest Rate Differentials, or Rollover Charge     Leverage     Controlling Leverage     Initial Margin     Margin Call     Commissions     Graphic: Calculations for the Spot Market     Forex Regulators     SFBC     IDAC     SFC     FSA     ASIC     CFTC and NFA     NFA     Forex Designations     Forex Dealer Members     Futures Commission Merchants     Introductory Brokers     Commodity Trading Advisers     Brokers     Managed Accounts 5. Forex Trading Vehicles.     Forwards and Futures     Options     Swaps     Derivatives and the Forex Market     The Interbank Market     Endnotes 6. Tools and Strategies to Get Started.     Gut Check: What It Takes to Be a Forex Investor     What Are My Investment Goals, and Are They Realistic?     What Is My Capacity for Risk?     Time Investment     Before You Trade     Doing a Test Run      Strategy: Creating an Approach Model 7. Forex from the Inside. 8. Inside a Forex Platform.     Searching for the Right Platform     Doing Your Homework      Retail Platforms      Trading Mechanisms       Hub and Spoke Trading     Request for Quote (RFQ)     Click and Deal     News     Charts     Research     Things to Look Out For      Requotes     Network Connection     Getting the Best Price     Safety     My Trading Room     Information Sources     Important Numbers     Forex Retail Platforms     Protecting Yourself     Avoiding Fraud       The Firm Promises a Free Lunch       The Trader Uses Terminology You Don’t Fully  - Understand       The Firm Claims To Trade in the “Interbank Market”       The Firm is Using the Hard Sell via the Internet       The Firm is Vague and Little Information is Available 9. Trading Inside the 24-Hour Storm.     Working Around the Clock     Defining Your Trading Strategy     Contingency Plans     Cut Losers     Pigs Get Slaughtered     Overleveraging and Overtrading     Watch the Markets     Don’t Walk Away     Review the Market     Market Manipulation     Just Because You’re Not Paranoid Doesn’t Mean They Aren’t Out to Get You     Flatline Your Emotions     Trade with Your Personality     Filter Information     Avoid Bias 10. What Moves the Markets: Basic Fundamental and Technical Trading Strategies.     Watch Your Fundamentals     Old Versus Fresh News     Market Movers     Governments     Important Currencies     The U.S. Dollar     The Euro     The Yen     The British Pound     The Swiss Franc     Other Currencies     The Yuan     The Won     The Real     The Rand     The G7     Central Banks     The U.S. Federal Reserve     The European Central Bank     The Bank of England     The Bank of Japan     The International Monetary Fund     Private Financial Institutions     Corporations     Speculators     Monetary Policy and Interest Rates     Inflation     Gross Domestic Product      (Un)Employment     The Beige Book     Government Spending and Taxes     Government Attitude     Equilibrium: “Parity”     Trade Balance     Political and Social Environment     Currency Board or Peg     Subjectivity     Technical Analysis     Determing the Trend     Support and Resistance     Chart Patterns     Fibonacci Pattern     Elliot Wave Theory     Gann Angles     Andrews Pitchfork     Indicators 101     Moving Average     Moving Average Convergence/Divergence (MACD)     Relative Strength Index (RSI)     Stochastic Oscillator     Bollinger Bands (BB)     Parabolic Stop and Reversal (SAR)     Average Directional Index (ADX)     Starter Technical Model     Scalping     Technical or Fundamental?     Endnotes 11. Black Swans and Rogue Traders.     The Inherent Instability in the Forex Market     The Tequila Crisis     The Asian Crisis     Breaking the Bank of England     Interventions     Scams and Rogue Traders     Russia Devalues the Ruble 12. Trends and the Yuan.     Forex Will Not Just Get Bigger; It Will Get More Respect     Globalization and the War on Terror     The Chinese Dragon and the Indian Tiger     ASEAN     The Euro: Can It Hold?     The Growth of Free-Trade Blocks     The U.S. Dollar     Endnotes Appendix. Index.

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Author Information

Peter Rosenstreich is a principle and foreign exchange trader for Rose Stevons & Company, a boutique New York alternative investment firm specializing in providing retail clients with innovative, structured products. Mr. Rosenstreich has extensive experience in the retail Forex sector. He is licensed with a series 3, 7, and 63, and is registered with the NASD and National Futures Association as a Commodity Trading Advisor (CTA). Mr. Rosenstreich holds a BA in History from Clark University and an MBA from the City University of New York, Zicklin School of Business. © Copyright Pearson Education. All rights reserved.

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