Day Trading the Currency Market Book Review

Recommended by
100%
Score
60/100 (1 rating)
Readability
3/5
Length
3/5
Use of Illustrations
3/5
Index and Layout
3/5
Quality of Information
3/5
Title Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings
Author(s) Kathy Lien
Publish Date Dec-2005
Amazon Rank 377,680
ISBN 0471717533

Review Day Trading the Currency Market

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recommends Day Trading the Currency Market
Imported from original book database
Score
60/100
Readability
3/5
Length
3/5
Use of Illustrations
3/5
Index and Layout
3/5
Quality of Information
3/5

From the Inside Flap
The currency/foreign exchange (FX) market is by far the largest financial market in the world, with trading volumes surpassing $1.9 trillion a day. Although primarily dominated by a worldwide network of interbank traders, a new era of Internet-based communication technologies has recently allowed individual investors to gain direct access to this popular-and profitable-market.
Written by Kathy Lien-chief strategist for the number one online currency broker in the world-Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency/FX market, and provides a more detailed look at how this market actually works.
Designed for both the advanced and novice trader, Day Trading the Currency Market contains something for everyone. It touches on the major FX market basics or currency characteristics that all traders-particularly day traders-need to know, and contains actionable information on which you can base some of your trading strategies. This comprehensive guide opens with a straightforward discussion of general issues, such as the emergence of the foreign exchange market, who the major players are, and significant historical milestones, but quickly delves into more detailed topics in the following sections:
What moves the currency market-factors that impact both long- and short-term price movementsWhat are the best times to trade for individual currency pairs-through an outline of major currency pair trading activity (in different time zones), you'll discover when pairs are most attractiveTrade parameters for different market conditions-teaches you how to first profile a trading environment and then know which indicators to use for that trading environmentTechnical trading strategies-covers some of the most important trading strategies for day traders and swing traders. They run the gamut, from "Fading the Double Zeros" to the "Inside Day Breakout Play"Fundamental trading strategies-illustrates how to trade off commodity prices, fixed income instruments, and option volatilities; and covers intervention-based trades as well as the secret moneymaking strategies used by hedge fundsA profile of major currency pairs-discusses the unique characteristics of each major currency pair, from what drives their price action to which economic data releases are most important
Filled with in-depth insight and expert advice, Day Trading the Currency Market can show you how to enter this highly competitive arena with confidence and exit with profits.

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