The FX Bootcamp Guide to Strategic and Tactical Forex Trading (eBook)

Wayne McDonell (Autor)

eBook Download: EPUB

2008 | 1. Auflage
256 Seiten
John Wiley & Sons (Verlag)
978-0-470-44333-0 (ISBN)

Infos

A straightforward guide to trading today's dynamic Forex
market

Written by Wayne McDonell, the Chief Currency Coach at FX
Bootcamp, this book shows readers how to successfully trade the
Forex market on their own. FX Bootcamp's Guide to Strategic and
Tactical Forex Trading skillfully explains how to combine
popular technical indicators to formulate a comprehensive market
strategy. Readers will then learn how to focus on using this
information to create a tactical trading plan--one that will help
them pull the trigger to get in and out of a trade. Along the way,
McDonell takes the time to discuss the various challenges a Forex
trader faces, such as greed, fear, loss, and isolation. As a Forex
trader and educator of traders, Wayne McDonell knows what it takes
to make it in the competitive world of Forex. And with FX
Bootcamp's Guide to Strategic and Tactical Forex Trading he
shows readers how.

Autor

WAYNE McDONELL is the Chief Currency Coach of FX Bootcamp (www.fxbootcamp.com), a live Forex training organization. He is a professional Forex trader, a member of the National Futures Association, and a registered Commodities Trading Advisor. Respected in the Forex industry as a successful trainer, McDonell is a regular speaker at major investing conferences and expos in Asia, Europe, and America. His videos are syndicated around the world on outlets including Forex Television, FXstreet.com, MoneyShow.com, and MSN. His live trading Webinars have attracted up to 1,000 traders each. McDonell has written "how-to" articles for investing magazines, such as Your Trading Edge and the FOREX Journal magazine. He has also received notoriety in the National Post, TechWeek, Interactive Week, and Inc. magazine to name a few.

Inhalt

Preface.

Introduction.

Which Do You Do?

PART ONE: Basic Training.

CHAPTER 1: Lagging Indicators.

Moving Averages.

Moving Average Convergence Divergence (MACD).

Bollinger Bands.

Standard Deviation.

Summary.

CHAPTER 2: Leading Indicators.

Price Support and Resistance.

Fibonacci Retracements.

Fibonacci Extensions.

Summary.

Part One Summary.

PART TWO: Strategic Analysis.

CHAPTER 3: How to Gather Market Intelligence to Formulate aTrading Strategy.

Spy Plane View.

Inflation Sensation.

Central Banking.

Inflation Targeting.

Cost of Money.

Money Magnets.

Interested in Valuation.

Foreign Exchange.

Demanding Consequences.

House of Cards.

Not Interested.

Summary.

CHAPTER 4: The Carry Trade.

Free House.

Scary Carry.

Power Yen.

Summary.

CHAPTER 5: Forex and the Fed.

Forex Economics.

The Federal Reserve System.

Summary.

CHAPTER 6: Commodity Correlations.

Commodity Correlation: Oil.

Commodity Correlation: Gold.

Commodity Correlation: Equities.

Trading Commodities.

Summary.

CHAPTER 7: Greenback Guru: Why You Should Specialize inTrading U.S. Dollars.

What's Your USD Bias?

Currency Correlation Coefficient.

Trading Currency Correlation.

Trading a Basket of Currencies.

Petrodollars.

Yet another Reason.

Summary.

Part Two Summary.

PART THREE: Rules of Engagement.

What's the Time?

CHAPTER 8: Market Analysis.

Speed of the Market.

Momentum of Price.

Summary.

CHAPTER 9: Fundamental Analysis.

Economic Announcements.

Global Money Flow.

Interest Rates and Currency Values.

Market Bias.

Announcement Calendar.

Summary.

CHAPTER 10: Technical Analysis.

Self-Fulfilling Prophecy.

Range Analysis.

Trend Analysis.

Pivot Analysis.

Summary.

CHAPTER 11: Risk Analysis.

Fear of Loss.

Fear of Profit.

Limits.

FX Bootcamper Credo.

Limits for Loss.

Limits for Profit.

More Tactics for Trade Entry and Exits.

Your Mind's Eye.

Do Nothing.

Do You Have the Guts?

Second Chances in Forex.

Summary.

Part Three: Summary

PART FOUR: Tactical Planning.

CHAPTER 12: Candlestick Patterns.

Reversal Patterns.

Reverse and Continuation Patterns.

Trending Only.

Summary.

CHAPTER 13: Range Trading.

Get in the Ring.

Floors and Ceilings.

Over and Out.

Summary.

CHAPTER 14: Trading the News.

Conservative News Trades.

Summary.

Part Four Summary.

PART FIVE: Psychological Warfare.

CHAPTER 15: How to Cope with Pre- and Post-Trading StressDisorders.

Going Mental.

Common Thread.

Understand Yourself, Understand Your Trades.

Summary.

CHAPTER 16: Trade Journals.

3X the 4X.

Summary.

CHAPTER 17: Target Practice.

Summary.

CHAPTER 18: Three-Year Plan.

FX Business Planner.

Risk Management.

Summary.

Part Five Summary.

CHAPTER 19: Closing Notes.

The Genesis of FX Bootcamp.

Lead by Example.

Additional Support.

Index.

Produkt-Details

• Erscheint lt. Verlag: 8.10.2008
• Reihe/Serie: Wiley Trading Series
• Reihe/Serie: Wiley Trading Series
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Börsenhandel • Börsenhandel • Finance & Investments • Finanz- u. Anlagewesen • Trading
• ISBN-10: 0-470-44333-2 / 0470443332
• ISBN-13: 978-0-470-44333-0 / 9780470443330