Planet Forex (eBook)

Currency Trading in the Digital Age

Abe Cofnas (Autor)

eBook Download: PDF

2018
XIII, 102 Seiten
Springer International Publishing (Verlag)
978-3-319-92913-2 (ISBN)

Infos

This valuable book provides a much-needed integration of fundamental analysis of global forces and technical analysis to provide highly probable trades in currency markets.

Fundamental analysis is often too vague and not quantified. This book provides insights into fundamental analysis and then calibrates it to trading strategies and techniques. Fundamentals are clearly defined as longer-term economic expectations regarding growth, inflation, and labor conditions. Nearer-term understanding of fundamentals deals with market psychology, where markets are manifest risk-on and risk-off emotions.  Currencies are explained as expectations battles generating expectation waves. 

With real trading examples included to underscore the concepts, Planet Forex gives readers an invaluable primer on trading market sentiment that is unprecedented. This book is a must-read for global forex traders, portfolio managers, and other employees in the forex industry, including exchanges, brokerage firms, and financial planners and advisors.

 

Abe Cofnas is a renowned forex and binary options expert, a regular columnist since 2001 at Futures Magazine (now Modern Trader), and the author of five books from Wiley/Bloomberg Press, with translations in Spanish and Chinese. Cofnas is the President and founder of Learn4x, and he has delivered seminars in Australia, China, and Dubai, among other locations. 

Inhalt

Preface 5
Contents 8
List of Charts 10
List of Tables 12
1: What is Fundamental Analysis? 13
What is a Currency Pair Price? A Fundamental View 14
Flaws in Technical Analysis 15
Resistance and Support Lines 17
2: Core Fundamental Forces and How to Monitor Them 24
The Set of Core Fundamental Forces 25
Forces of Growth 25
Forces of Decline 26
Expectations on Interest Rate Direction 26
Forces of Fear 26
How Market Patterns Emerge 27
Filtering the Signal from the Noise 28
Measuring Risk-Off and Risk-On Conditions 29
Summary of Risk-On and Risk-Off Conditions 31
US dollar 31
VIX 33
The Yen Strengthening 34
Bonds: The Market’s Vigilantes 36
Bond Market Shows Inflation Expectations 38
TIPS 38
Flattening and Inverse Yield Curve 40
The Commodity Complex Crude and Copper
3: Understanding Central Banks and their Role in Moving Currency Markets 44
Stimulate or Tighten: The Policy Choices of Central Banks 45
The End of the Era of QE 47
Inflation Targeting 47
Inflation Projections and Expectations are Key 48
Brexit and Inflation 49
4: How to Decode Central Bank Statements 51
Word Clouds 53
Word Frequency Count 54
Two Statement Comparison 54
Bank of England Word Cloud Comparison 54
Central Bank Frequency Analysis 55
Decoding Federal Reserve Statements 55
5: What is Sentiment? 60
Visualizing Sentiment 62
Reversal of Sentiment 65
Day 3 Line Break Chart 66
Four-Hour 3 Line Break Chart 67
Renko Bricks 70
Comparison of Candles and Renko 71
The Fundamental Knowledge Grid 72
6: Sentiment Trading Set-Ups 73
Position Trading Sentiment Set-Ups 73
Sentiment Alignments for Position Trading 74
Back Tests 81
Momentum Sentiment Trading: FX Rodeo 83
7: Cryptocurrencies 87
Steps in Trading Crypto 88
Selecting the Crypto to Trade 88
Bitcoin 89
Candlestick and Bitcoin 89
Ethereum 91
Ripple 93
What is the “Smart Money” Doing? 94
8: The Future of Forex Trading: Algorithms, Artificial Intelligence, and Social Forex Trading 98
Bots 99
Alerts 99
Digital Trader Assistance: On-Demand Alerts 100
Social Trading Alerts 101
Deep Learning Algorithms 101
Conclusion 104
Appendix: Resources for Sentiment Trading and Training 105
Index 106

Produkt-Details

• Erscheint lt. Verlag: 20.7.2018
• Zusatzinfo: XIII, 102 p. 41 illus.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Central Banks • currency market • Foreign Exchange Market • Forex • Forex Trading • global markets • intra-day trading • Investments and Securities • sentiment analysis • trading the currency markets
• ISBN-10: 3-319-92913-5 / 3319929135
• ISBN-13: 978-3-319-92913-2 / 9783319929132