Forex for Beginners [electronic resource] : A Comprehensive Guide to Profiting from the Global Currency Markets /
Kritzer, Adam.author.
"Backed by a comprehensive list of studies, this book is a brilliant contribution on the connections between exchange rates and economics."—Francesc Riverola, CEO and Founder of FXstreet.com "Adam Kritzer has been covering the forex market for years as a prominent but accessible industry expert. In a market sector full of pitfalls for the novice, this book will help many new traders avoid costly mistakes and get started on the path to success."—Andy Hagans, Co-founder of ETF Database "Adam Kritzer is not only one of my favorite forex writers but also one of the best ... This book will likely become required reading for those getting into the forex market."—Zachary Storella, Founder of CountingPips.com Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets is a guide for those who want to earn extra income trading currencies without committing large amounts of time or money. This book will introduce global investors to the basics of forex (foreign exchange) trading and provide them with a solid framework for analyzing currencies and profiting from their fluctuations. Topics covered include the forces that cause exchange rates to fluctuate, an overview of the mechanics of trading, analytical and forecasting tools, how to profit from pricing trends, and common pitfalls that often ensnare traders. While most books make grandiose promises of instant success and large profits, Forex for Beginners represents an alternative approach to investing in forex. The forex market is dominated by institutional capital and algorithmic trading, making it unrealistic to think that day traders can beat the market by relying on charts and technical indicators alone. Thus, the emphasis here is on fundamental analysis—using economic concepts to spot currency misalignments—and staking out positions to profit from them over a period of weeks and months.  If you’re eager to tap into the world’s largest financial market on a part-time basis, this is the book for you. You will gain an understanding of how currency markets work and use this knowledge to generate income.
Description based upon print version of record.
Title Page; Copyright Page; Table of Contents; About the Author; Acknowledgments; Preface; Introduction; PIPs and Interest; Liquidity, Simplicity, and Convenience; Complexity, Competition, and Volatility; Investing Versus Trading; Developing Realistic Expectations; CHAPTER 1 Historical Background; Bretton Woods II; Market Structure; Over-the-Counter Market; Tiered System; Participants; Corporations; Banks and Broker-Dealers; Other Financial Institutions; Retail Brokers and Retail Traders; Individuals; Central Banks; Regulation; Conclusion; CHAPTER 2 What Are YourOptions?; US Dollar; Euro
Japanese YenBritish Pound; Swiss Franc; Canadian Dollar; Australian Dollar; New Zealand Dollar; Hong Kong Dollar; Chinese Yuan; Exotic Currencies; Currency Trading Instruments; Spot Instruments; Exchange Traded Funds; Forwards; Swaps; Futures; Options; Conclusion; CHAPTER 3 What MakesCurrenciesMove?; Fixed vs. Floating; Managed Floats; Exchange Rate Theory; Purchasing Power Parity; Covered Interest Rate Parity; Monetary Theory; Portfolio Balancing Model; Trade and Investment Flows; Gross Domestic Product; Theory Meets Reality; Market Microstructure Analysis; Technical Factors
Politics and GovernmentNews; Correlations; Risk-Driven Trading; Conclusion; CHAPTER 4 Forex Analysis; Analytical Schools of Thought; Trading vs. Investing; Where Do You Fit In?; Superior Efficacy of Fundamental Analysis; Blending Technical and Fundamental Analysis; CHAPTER 5 FundamentalAnalysis; Interest Rate Analysis; Inflation Analysis; Balance of Payments Analysis; Sentiment Analysis; Market Correlations; Debt Analysis; Monetary Policy and Central Bank Intervention; Political Factors; Conclusion; CHAPTER 6 TechnicalAnalysis; Charts; Trend Analysis; Pivot Points; Elliot Wave Principle
Fibonacci AnalysisMoving Averages; Moving Average Envelopes and Bollinger Bands; Parabolic Stop and Reverse; Oscillators; Moving Average Convergence Divergence; Stochastic Oscillator; Relative Strength Index and Commodity Channel Index; Awesome Oscillator; Summary; CHAPTER 7 TradingStrategy; Long-Term Fundamental Strategy; Purely Technical Strategy; Technical & Fundamental Trend Trading; Currency Crosses; Carry Trade; Advanced Strategy; Trading the News; Basic Options Strategies; Leverage and Position Sizing; Conclusion; CHAPTER 8 Opening anAccount; What Kind of Broker?
Online Discount BrokerOnline Futures Brokers; Retail Forex Brokers; Fees/Commissions; Margin Policy; Service, Software & Everything Else; Broker Overviews; OANDAFX; FXCM; GFT Forex; Forex.com (Gain Capital); Saxo Bank; CitiFX Pro; Interbank FX; ATe Brokers; Opening an Account; Conclusion; CHAPTER 9 AccountManagement; Reading a Quote; Leverage & Margin; Rollover; Order Entry; Autocharting; Backtesting; Conclusion; CHAPTER 10 Pitfalls andRisks; Currency Risk; Volatility; Poor Strategy; Forex Addiction; Broker/Credit Risk; Online Trading Risk; I nterest Rate/Rollover Risk; Country/Political Risk
Conclusion
Includes bibliographical references and index.
"Backed by a comprehensive list of studies, this book is a brilliant contribution on the connections between exchange rates and economics."—Francesc Riverola, CEO and Founder of FXstreet.com "Adam Kritzer has been covering the forex market for years as a prominent but accessible industry expert. In a market sector full of pitfalls for the novice, this book will help many new traders avoid costly mistakes and get started on the path to success."—Andy Hagans, Co-founder of ETF Database "Adam Kritzer is not only one of my favorite forex writers but also one of the best ... This book will likely become required reading for those getting into the forex market."—Zachary Storella, Founder of CountingPips.com Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets is a guide for those who want to earn extra income trading currencies without committing large amounts of time or money. This book will introduce global investors to the basics of forex (foreign exchange) trading and provide them with a solid framework for analyzing currencies and profiting from their fluctuations. Topics covered include the forces that cause exchange rates to fluctuate, an overview of the mechanics of trading, analytical and forecasting tools, how to profit from pricing trends, and common pitfalls that often ensnare traders. While most books make grandiose promises of instant success and large profits, Forex for Beginners represents an alternative approach to investing in forex. The forex market is dominated by institutional capital and algorithmic trading, making it unrealistic to think that day traders can beat the market by relying on charts and technical indicators alone. Thus, the emphasis here is on fundamental analysis—using economic concepts to spot currency misalignments—and staking out positions to profit from them over a period of weeks and months.  If you’re eager to tap into the world’s largest financial market on a part-time basis, this is the book for you. You will gain an understanding of how currency markets work and use this knowledge to generate income.
Business.
Management science.
Business and Management, general.