FT Guide to Foreign Exchange Trading (The FT Guides)

✍ Scribed by Stuart Fieldhouse

Publisher: FT Publishing International
Year: 2012
Tongue: English
Leaves: 209
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

An introduction to the fast growing $1.5 billion foreign exchange trading marketplace, showing you how the markets work, how to trade them successfully and how to mitigate risk.

The Financial Times Guide to Foreign Exchange Tradingis the authoritative primer, the first port of call for anyone interested in foreign exchange trading and wants to know what it is all about before taking the plunge.

✦ Table of Contents

Cover
Contents
About the author
Acknowledgements
Chapter 1: Foreign exchange trading: getting started
What do we mean by foreign exchange trading?
Of pips and ticks
Do I need to be a financial professional to trade forex successfully?
Finding a forex broker
Can forex brokers be trusted?
Other differentiating factors
Chapter 2: Accessing the markets: different types of FX trading account
Spread betting
Contracts for difference (CFDs)
Margined foreign exchange
Spot foreign exchange
Futures contracts
Options
Forwards
Currency ETFs
Different types of trades
Finding the right company to trade with
What’s in a price?
Demo accounts
Chapter 3: Risk management for the forex trader
Margin trading
Stop losses
Managing your exposure
Position sizing
Not all currency trades are created equal
Make sure you have a back-up plan
When trading companies fail
Summary: core principles of forex risk management
Chapter 4: Currencies in brief
The currency majors
The minor league
What is XAU/XAG?
What to trade
Chapter 5: Trading emerging markets currencies
The appeal of trading emerging markets
Leading emerging markets currencies
Emerging markets currency trading tips
Chapter 6: What moves the markets?
Central banks
Interest rates
Economic growth
Unemployment
Inflation
Business and consumer confidence
Foreign trade
National sovereign debt
Natural disasters and conflict
Commodities prices
Other important economic indicators
A typical economic calendar (December 2011)
Utilitarian considerations
Chapter 7: Developing a trading plan for currency markets
How much can I afford to lose?
How much time can I devote to trading?
How do I behave under pressure?
How disciplined am I as an individual?
Writing a trading plan
Is FX trading going to be my career, my hobby, or a way of making money on the side
Am I a trader or an investor?
Approaching the markets
Chapter 8: Technical analysis for the FX trader
The background to technical analysis
Japanese candlestick charts
Moving averages
MACD (moving average convergence/divergence)
Bollinger bands
Head-and-shoulders indicators
RSI (Relative Strength Index)
ADX (Average Directional Index)
Pivot points
Triangles
The theories behind technical analysis
Summary
Chapter 9: Further resources for the forex trader
From the brokerages
Trading platforms
Charting and technical analysis
Magazines and newspapers
Websites
Television
Trading coaches
Systematic trading programs/expert advisers
Reading list
Chapter 10: Careers in FX trading
The changing world of trading
Outside the financial industry
Doing it yourself
Glossary of forex trading and other financial market terms
Appendix: Brokers comparison
Index

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