John wiley & sons inc Day trading and swing trading the currency market (John Wiley & Sons Inc)

The new edition will be updated, reflecting the most recent data, trends, and events in the fast-moving foreign exchange markets. In addition, a number of new trading strategies will be included for both day traders and swing traders. An invaluable resource for forex traders, this book explains how the interbank currency market works, identifies the forces that move the market, and provides sophisticated strategies for profiting from short-term market swings. Reflecting the author's background, many of the strategies derive from the somewhat secretive multi-billion dollar interbank currency market. The author describes how interbank traders analyze the market, where they tend to place their orders, and how they try to profit from market swings. The author describes how interbank traders analyze the time-tested technical and fundamental strategies that individual traders can use to compete with bank traders and make money in these very fast-paced markets. She describes a variety of technical trades for riding short-term trends and for buying or selling oversold and overbought markets. She then describes a host of more fundamentally oriented strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and central bank intervention. Finally, she describes the unique characteristics of various currency pairs such as yen/Australian dollar, Canadian dollar/US dollar, and Euro/yen. Armed with the knowledge and strategies in this book, an individual trader can approach this highly competitive arena on an equal footing as the major financial institutions that dominate the currency market.