Getting Started in Currency Trading

Michael D. Archer 지음

Wiley 2012년 04월 27일 출간

작품소개

책소개

The definitive introduction to FOREX tradingGetting Started in Currency Trading, Fourth Edition is both an introduction and a reference manual for beginning and intermediate traders. Starting with a description of the Foreign Exchange (FOREX) market and a brief history, the book includes an invaluable section made up of relevant FOREX terms clearly defined using examples. The FOREX market has grown substantially and evolved dramatically in recent years, and this new edition is designed to help the reader to adapt and take advantage of these changes.Including coverage of how to open a trading account, a step-by-step walk through the physical processes of placing and liquidating currency orders, and information on trading strategy and tactics complete with fundamental and technical analysis, the book has everything needed to assist the trader in the decision making process.New edition is revised and expanded to take into account all of the recent changes in the currency marketNow includes a step-by-step introduction for the new trader and additional material on regulationFOREX arithmetic calculations are presented in a clear, easy to understand way Recommendations, guidelines, and caveats appear throughout the bookThis new edition of Getting Started in Currency Trading contains significant new information, including a chapter on computers and FOREX, managed FOREX, and new information about regulation, alongside the author's successful trading plan, designed to help the reader put it all together.

목차

Acknowledgments xixIntroductionAbout This Book xxiPart 1 The Foreign Exchange MarketsChapter 1 The World of FOREX&3Introduction&m-What Is FOREX? 3What Is a Spot Market? 4Which Currencies Are Traded? 4Who Trades on the Foreign Exchange? 5How Are Currency Prices Determined? 6When Do Currencies Trade? 8How Is Money Made in FOREX? 8Why Trade Foreign Currencies? 9What Tools Do I Need to Trade Currencies? 13What Does It Cost to Trade Currencies? 13FOREX versus Equities 14FOREX versus Futures 14Summary 15Chapter 2 A Brief History of Currency Trading 17Introduction 17Ancient Times 17The Gold Standard, 1816 to 1933 18The Federal Reserve 18Securities and Exchange Commission, 1933 to 1934 20The Bretton Woods System, 1944 to 1973 21The End of Bretton Woods and the Advent of Floating Exchange Rates 21International Monetary Market 22Into the Millennium 22Arrival of the Euro 23The CFTC and the NFA 25Summary 25Chapter 3 Five FOREX Markets 27Introduction&m-Spot, Futures, Forwards, Options, Spread Betting 27Currency Futures 29Contract Specifications 29Currencies Trading Volume 30U.S. Dollar Index 30Volume and Open Interest 31Where to Trade Currency Futures 33FOREX Futures 33Summary 33Chapter 4 Regulation: Past, Present, and Future 35Introduction 35Regulation in the FOREX Market 35Regulation Past 36Regulation Present 39Regulation Future 43Summary 44Part 2 Getting StartedChapter 5 The Language of FOREX&47Introduction 47Currency Pairs 47Major and Minor Currencies 48Cross Currency 48Exotic Currency 48Base Currency 48Quote Currency 49<

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저자(글) Michael D. Archer

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MICHAEL DUANE ARCHER has been an active futures and FOREX trader for over thirty-five years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. Archer currently trades and is involved in several technical analysis research projects. He hosts the FOREX website www.goodmanworks.com.