17 Proven Currency Trading Strategies

 Preface xi
 Acknowledgments xix
PART ONE Forex Is a Game 1
CHAPTER 1 How to Play the Game 3
The Forex Game 3
Forex and the Seven Majors 5
 Leverage 11
 Summary 14
CHAPTER 2 How Money Is Made in the Game 15
Buy Low, Sell High 15
Three Points in Every Trade 17
 Bid/Ask Spread 23
 What Causes the Price of Currencies
 to Fluctuate? 25
 Fraction Theory 30
Reading the Charts 31
 Market Structure 37
 Summary 48
CHAPTER 3 The Six Major Players 51
 Central Banks 51
Commercial and Investment Banks 58
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viii CONTENTS
 Multinational Corporations 62
 Institutional Traders 68
Retail Forex Brokers 69
 Retail Traders 70
 Summary 70
CHAPTER 4 Why You Must Play the Game 73
Top 17 Reasons to Trade Forex 73
 Summary 84
CHAPTER 5 Play It Your Way: Understanding
Your Profile 87
 The Experiment 88
Five Categories of Forex Traders 92
Your Perfect Strategy 98
 Summary 107
PART TWO Strategies to Win the Game 109
Includes details on the FXPRIMUS
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CHAPTER 6 Strategies for Scalpers 111
Strategy 1: Rapid-Fire Strategy 111
Strategy 2: Piranha Strategy 118
CHAPTER 7 Strategies for Day Traders 125
Strategy 3: Fade the Break 126
Strategy 4: Trade the Break 131
Trading the News 138
Strategy 5: Gawk the Talk 143
Strategy 6: Balk the Talk 148
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Contents ix
CHAPTER 8 Strategies for Swing Traders 155
Strategy 7: Trend Rider 155
Strategy 8: Trend Bouncer 163
Strategy 9: Fifth Element 169
Strategy 10: Power Ranger 177
Strategy 11: The Pendulum 185
CHAPTER 9 Strategies for Position Traders 191
Strategy 12: Swap and Fly 192
Strategy 13: Commodity Correlation (Part 1) 199
Strategy 13: Commodity Correlation (Part 2) 204
Strategy 14: Siamese Twins 210
CHAPTER 10 Strategies for Mechanical Traders 217
Strategy 15: Guppy Burst 217
Strategy 16: English Breakfast Tea 223
Strategy 17: Good Morning Asia 228
CHAPTER 11 Conclusion 235
 Bibliography 239
 About the Author 241
 About the Website 243
Plus FXPRIMUS 100% bonus trading credit
 Index 245