The global forex market, being the world’s most liquid financial market, offers many exciting opportunities for trader stop profit from exchange rate fluctuations. And the development of sophisticated online foreign exchange trading platform sins recent year has attracted many traders to the market traders who seek an income in addition to their day job or those who wish to trade a new market besides stocks and futures.
Who this book is for
This book is primarily for those who are new to the world of currency trading and are curious about how they can make money from the forex market. Existing traders who are trading on demo or live accounts should also find some useful advice in this book.
Some knowledge of candlestick charting is assumed as I will be using candlesticks to display the high, low, opening and closing price since the charts throughout the book.
Contrary to popular belief, you don’t have to be rich in order to trade forex today. All you need to start is a computer with fast and stable internet access and a relatively small account with a broker.
About this book
This book describes seven fundamental and technical trading strategies for trading the foreign exchange markets. The purpose of this book is to show you how you can trade forex with these winning strategies. I will share with you some new ideas, interesting concepts, and the nuts and bolts of how you can implement each strategy more effectively.
Part I: Trading Forex
- 1: GettingStarted
- 2: SpotForexMarketStructure
- 3: HowToOvercomeTheOddsOfTradingForex
- 4: TheTenRulesForForexTrading
Part II: Strategies
- 5: Strategy1–Market Sentiment
- 6: Strategy2–Trend Riding
- 7: Strategy3–Breakout Fading
- 8: Strategy4–Breakout Trading
- 9: Strategy5–Decreased Volatility Breakout
- 10: Strategy6–Carry Trade
- 11: Strategy7–News Straddling
About The Author
Grace Cheng is an experienced, full-time forex trader who is well-versed in technical, fundamental and sentiment analysis, which she utilizes since her trading. She occasionally writes for trading and investment publications such as Technical Analysis of Stocks & Commodities, The Trader’s Journal, and Smart Investor, as well as for online financial portal such as Investopedia. She has also been featured in newspapers, magazines, newsletters and on TV.