Successful Foreign Exchange Dealing

1.Common knowledge about the trading on Forex
 1.1. Forex as a aart af the global financial market
 Brief data about the Forex rise and development.
The factors caused Foreign Exchange Volume Growth on Forex (Exchange Rate Volatility,
Business Internationalization, Increasing of Traders’ Sophistication, Developments in
Telecommunications, Computer And Programming Development).
The role of the U.S. Federal Reserve System and central banks of other G-7 countries on
Forex.
1.2. Risks by the trading on Forex
 1.3. Forex sectors
Spot Market
 Forward Market
 Futures Market
 Currency Options
 2. Major currencies and trade systems
2.1. Major currencies
The U.S. Dollar
The Euro
The Japanese Yen
The British Pound
The Swiss Franc
2.2. Trade systems on Forex
 Trading with brokers
 Direct dealing
 3. Fundamental analysis by trading on Forex
3.1 Theories of exchange rate determination
 Purchasing Power Parity
 Theory of Elasticities
 Modern monetary theories on exchange rate volatility
 3.2. Indicators for the fundamental analysis
Economic indicators
 The Gross National Product
 The Gross Domestic Product
 Consumption Spending
 Investment Spending
 Government Spending
 Net Trading
Industrial sector indicators
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Industrial Production
 Capacity Utilization
 Factory Orders
 Durable Goods Orders
 Business Inventories
 Construction Data
 Inflation Indicators
 Producer Price Index
 Consumer Price Index
 Gross National Product Implicit Deflator
 Gross Domestic Product Implicit Deflator
 Commodity Research Bureau’s Futures Index
 The Journal of Commerce Industrial Price
Balance of Payments
 Merchandise Trade Balance
 The U.S. – Japan Merchandise Trade Balance
Employment Indicators
 Employment Cost Index
Consumer Spending Indicators
 Retail Sales
 Consumer Sentiment
 Auto Sales
Leading Indicators
 Personal Income
 3.3. Forex dependence on financial and sociopolitical factors
 The Role of Financial Factors
Political Crises Influence
4. Technical analysis
 4.1. The destination and fundamentals of technical analysis
Theory of Dow
Percent measures of prices reverse
4.2. Charts for the technical analysis
Kinds of prices and time units
Kinds of charts
 Line Chart
 Bar Chart
 Candlestick Chart
4.3. Trends, Support and Resistance lines
 Trend Line and Trade Channel
Lines of Support and Resistance
 4.4. Trend Reversal patterns
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Head-and-Shoulders
Inverted Head-and-Shoulders
Double Top
Double Bottom
Triple Top
Triple Bottom
Round Top, Round Bottom, Saucer, Inverted Saucer
 4.5. Trend Continuation patterns
 Flags
 Pennants
 Triangles
 Wedges
 Rectangles
 4.6. Gaps
Common Gaps
Breakaway Gaps
Runaway Gaps
Exhaustion Gaps
4.7. Mathematical trading methods ( Technical indicators)
Moving Averages
Envelops
Ballinger Bands
Average True Range
Median Price
Oscillators
 Commodity Channel Index
 Directional Movement Index
 Stochastics
 Moving Average Convergence-Divergence (MACD)
 Momentum
 The Relative Strength Index (RSI)
 Rate of Change (ROC)
 Larry Williams’s %R
Indicators combination
Ichimoku Indicator
5. Fibonacci constants and Elliott waves theory
 5.1. Fibonacci constants
 5.2. Elliott wave theory
References