Day Trading and Swing Trading the Currency Market

Play the forex markets to win with this invaluable guide to strategy and analysis

Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions. Now in it’s third edition, this invaluable guide provides the latest statistics, data, and analysis of recent events, giving you the most up-to-date picture of the state of the fast-moving foreign exchange markets. You’ll learn how the interbank currency markets work, and how to borrow strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more. The companion website gives you access to video seminars on how to be a better trader, providing another leg up in this competitive market.

The multi-billion-dollar foreign exchange market is the most actively traded market in the world. With online trading platforms now offering retail traders direct access to the interbank foreign exchange market, there’s never been a better time for individuals to learn the ropes of this somewhat secretive area. This book is your complete guide to forex trading, equipping you to play with the big guys and win―on your own terms.

• Understand how the foreign currency markets work, and the forces that move them
• Analyze the market to profit from short-term swings using time-tested strategies
• Learn a variety of technical trades for navigating overbought or oversold markets
• Examine the unique characteristics of various currency pairs

Many of the world’s most successful traders have made the bulk of their winnings in the currency market, and now it’s your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders.

Table of Contents

Chapter 1 Foreign Exchange- The Fastest Growing Market of Our Time

Chapter 2 Historical Events in the FX Markets

Chapter 3 What Moves the Currency Market

Chapter 4 A Deeper Look at the FX Market

Chapter 5 What Are the Most Market Moving Economic Data?

Chapter 6 What Are Currency Correlations, and How Can We Use Them?

Chapter 7 Trade Parameters for Various Market Conditions

Chapter 8 Technical Trading Strategy: Multiple Time Frame Analysis

Chapter 9 Technical Strategy: Trading with Double Bollinger Bands

Chapter 10 Technical Trading Strategy: Fading the Double Zeros

Chapter 11 Technical Trading Strategy: Waiting for the Deal

Chapter 12 Technical Trading Strategy: Inside Days Breakout Play

Chapter 13 Technical Trading Strategy: Fader

Chapter 14 Technical Trading Strategy: 20-Day Breakout Trade

Chapter 15 Technical Trading Strategy: Channels

Chapter 16 Technical Trading Strategy: Perfect Order

Chapter 17 Fundamental Trading Strategy: Pairing Strong with Weak

Chapter 18 Fundamental Trading Strategy: The Leveraged Carry Trade

Chapter 19 Fundamental Trading Strategy: Macro Event Driven Trade

Chapter 20 Quantitative Easing and Its Impact on Forex

Chapter 21 Fundamental Trading Strategy: Commodity Prices as a Leading Indicator

Chapter 22 Fundamental Strategy: Using Bond Spreads as a Leading Indicator for FX

Chapter 23 Fundamental Trading Strategy: Risk Reversals

Chapter 24 Fundamental Trading Strategy: Using Option Volatilities to Time Market Movements

Chapter 25 Fundamental Trading Strategy: Intervention

Chapter 26 Currency Profiles and Outlook

Chapter 27 Currency Profile: Euro (EUR)

Chapter 28 Currency Profile: British Pound (GBP)

Chapter 29 Currency Profile: Swiss Franc (CHF)

Chapter 30 Currency Profile: Japanese Yen (JPY)

Chapter 31 Currency Profile: Australian Dollar (AUD)

Chapter 32 Currency Profile: New Zealand Dollar (NZD)

Chapter 33 Currency Profile: Canadian Dollar (CAD)

About the Author

Kathy Lien immediately started working on Wall Street, where she earned more than 13 years of experience in the financial markets with a focus on G20 currencies. Her career started at J.P. Morgan Chase where she worked on the interbank FX trading desk and later in the cross markets proprietary trading group. As an expert on G20 currencies, Kathy is often quoted in The Wall Street Journal, Reuters, Marketwatch, Associated Press, UK Telegraph, Sydney Morning Herald, and other leading news publications. She is also an internationally published author of the bestselling book Day Trading and Swing Trading the Currency Market as well as The Little Book of Currency Trading and Millionaire Traders: How Everyday People Beat Wall Street at its Own Game.