A Beginner's Guide to the Forex: The 10 Keys to Successful Trading

A Beginner's Guide to the Forex: The 10 Keys to Successful Trading
By Jared F. Martinez

Introduction
• A Trader's Mission and Goal
• Level of Traders
Chapter One: What is the Forex?
• Foreign Exchange Market
• Roles of Commercial Banks
• Advantages of Forex Trading
Chapter Two: Reading Candlestick Charts
• Bullish Candlestick Formations
• Bearish Candlestick Formations
• Neutral Candlestick Formations
• Reversal Candlestick Formations
Chapter Three: Types of Orders
• Market Orders
• Limit Orders
• Stop Orders
• One Cancels the Other
• Cancel/ Replace Orders
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Forex On-Line Manual For Successful Trading

Forex On-Line Manual For Successful Trading

Contents
Chapter 1. Introduction
1.1. Foreign Exchange as a Financial Market
1.2. Foreign Exchange in a Historical Perspective
1.3. Main Stages of Recent Foreign Exchange Development
The Bretton Woods Accord
The International Monetary Fund
Free-Floating of Currencies
The European Monetary Union
The European Monetary Cooperation Fund
The Euro
1.4. Factors Caused Foreign Exchange Volume Growth
Interest Rate Volatility
Business Internationalization
Increasing of Corporate Interest
Increasing of Traders Sophistication
Developments in Telecommunications
Computer and Programming Development
Chapter 2. Kinds Of Major Currencies
and Exchange Systems
2.1. Major Currencies
The U.S. Dollar
The Euro
The Japanese Yen
The British Pound
The Swiss Franc
2.2. Kinds of Exchange Systems
Trading with Brokers
Direct Dealing
Dealing Systems
Matching Systems
2.3. The Federal Reserve System of the USA and Central Banks of the Other G-7 Countries
The Federal Reserve System of the USA
The Central Banks of the Other G-7 Countries 21
Chapter 3. Kinds of Foreign Exchange Market
3.1. Spot Market
3.2. Forward Market
3.3. Futures Market
3.4. Currency Options
Delta
Gamma
Vega
Theta
Chapter 4. Fundamental Analysis
4.1. Economic Fundamentals
Theories of Exchange Rate Determination
Purchasing Power Parity
The PPP Relative Version
Theory of Elasticities
Modern Monetary Theories on Short-term Exchange Rate Volatility
The Portfolio-Balance Approach
Synthesis of Traditional and Modern Monetary Views
4.2. Economic Indicators
The Gross National Product (GNP)
The Gross Domestic Product (GDP)
Consumption Spending
Investment Spending
Government Spending
Net Trade
Industrial Production
Capacity Utilization
Factory Orders
Durable Goods Orders
Business Inventories
Construction Indicators
Inflation Indicators
Producer Price Index (PPI)
Consumer Price Index (CPI)
Gross National Product Implicit Deflator
Gross Domestic Product Implicit Deflator
Commodity Research Bureau's Futures Index (CRB Index)
The “Journal of Commerce” Industrial Price Index (Joc)
Merchandise Trade Balance
Employment Indicators
Employment Cost Index (ECI)
Consumer Spending Indicators
Auto Sales
Leading Indicators
Personal Income
4.3. Financial and Sociopolitical Factors
The Role of Financial Factors
Political Events and Crises
Chapter 5. Technical Analysis
5.1. The Evolution and Fundamentals of Technical Analysis Theory of Dow
Price
Volume and Open Interest
5.2. Types of Charts
Line Chart
Bar Chart
Candlestick Chart
5.3. Trends, Support and Resistance
Kinds of Trends
Percentage Retracement
The Trendline
Lines of Support and Resistance
5.4. Trend Reversal Patterns
Head-and-Shoulders
Signal Generated by the Head-and-shoulders Pattern
Inverse Head-and-Shoulders
Double Top
Signals Provided by the Double Top Formation
Double Bottom
Triple Top and Triple Bottom
The opposite is true for the triple bottom
Rounded Top and Bottom Formations
Diamond Formation
5.5. Trend Continuation Patterns
Flag Formation
Pennant Formation
Triangle Formation
Wedge Formation
Rectangle Formation
5.6. Gaps
Common Gaps
Breakaway Gaps
Runaway Gaps
Trading Signals for Runaway Gaps
Exhaustion Gaps
5.7. Mathematical Trading Methods (Indicators)
Moving Averages
Trading Signals of Moving Averages
Oscillators
Stochastics
Moving Average Convergence-Divergence (MACD)
Momentum
The Relative Strength Index (RSI)
Rate of Change (ROC)
Larry Williams %R
Commodity Channel Index (CCI)
Bollinger Bands
The Parabolic System (SAR)
The directional movement index (DMI)
Chapter 6. The Fibonacci Analysis and Elliott Wave Theory
6.1. The Fibonacci Analysis
6.2. The Elliott Wave
Basics of Wave Analysis
Impulse Waves—Variations
The Diagonal Triangles
Failures (Truncated Fifths)
Chapter 7. Foreign Exchange Risks
7.1. Exchange Rate Risk
7.2. Interest Rate Risk
7.3. Credit Risk
7.4. Country Risk
Glossary And Foreign Exchange Terms
Bibliography
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Basics Manual For Craig Harris’s Forex Trading Methodology

Basics Manual For Craig Harris’s Forex Trading Methodology

INTRODUCTION
CHARACTERISTICS OF A SUCCESSFUL TRADER
TERMS, ABBREVIATIONS AND TERMINOLOGY
GENERAL FOREX TERMS
CURRENCY RELATED TERMS
PRICE MOVEMENT RELATED TERMS
TRADING RELATED TERMS
ORDER EXECUTION RELATED TERMS
INDICATORS
STRATEGY RELATED TERMS
COSTS RELATED TO FX TRADING
COST TO OPEN A TRADE
CURRENT VALUE OF A TRADE WHILE POSITION IS OPEN
VALUE OF A TRADE WHEN CLOSING – PROFIT / LOSS CALCULATION
MONEY MANAGEMENT
HOW TO EXECUTE TRADES
PLACING AN “INSTANT ORDER EXECUTION” TRADE
PLACING AN “PENDING ORDER” TRADE
CANCELLING A PENDING ORDER
MODIFYING AN ORDER
CLOSING AN ORDER
LOCKING IN A PROFIT
SCALING OUT
TOOLS OF THE TRADE
GAME PLAN
THE BUSINESS OF FOREX TRADING
FREQUENTLY ASKED QUESTIONS
APPENDIX
ABBREVIATIONS
EASTERN STANDARD TIME - FOREX TRADING CHART
CENTRAL STANDARD TIME - FOREX TRADING CHART
MOUNTAIN STANDARD TIME - FOREX TRADING CHART
PACIFIC STANDARD TIME - FOREX TRADING CHART
WEBSITES
SPREAD COST CHART
INDEX
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Forex Trading 101 – Beginners Forex Trading Introduction Course

Forex Trading 101 – Beginners Forex Trading Introduction Course
INTRODUCTION TO FOREX TRADING – CHAPTERS & SYLLABUS

Part 1: Introduction To Forex Trading
Part 2: Forex Trading Terminology
Part 3: Long or Short ? Order Types And Calculating Profits & Losses
Part 4: What is Professional Forex Trading?
Part 5: What is Fundamental Analysis?
Part 6: What is Price Action Trading Analysis?
Part 7: Introduction to Forex Charting
Part 8: What Is A Forex Trading Strategy?
Part 9: Common Forex trading mistakes and traps
Part 10: What is Technical Analysis
Part 11: How to Make a Forex Trading Plan
Part 12: The Psychology of Forex Trading
Part 13: Professional Price Action Forex Trading Strategies
Other Tutorials & Guides:
How To Correctly Set Up Meta Trader Forex Charting Platform
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Basic Forex Trading Guide

Basic Forex Trading Guide
About this guide
If this is your first time coming across the online Forex market, then you’ve come to the right place.
This guide will provide you with the basic knowledge, tools and techniques a novice Forex trader should have as you take your first steps in the fascinating world of Forex.
Many of the trading concepts introduced here are explained in greater detail in later chapters of the guide.
If you are unclear about any Forex term you come across here, be sure to refer to the glossary of terms

Index
Use the following index to navigate your way around the guide.
Intro: Why Forex?
Profitability
Cashing in on Price Movements
The Trend is Your Friend
Tactical usage of Leverage
A Simple Trade Example
Hedging Risks and Rewards
The Quest for Volatility
Money Management
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Forex Trading For Beginners

Table of Contents
Introduction to Forex Trading
Why Trade Forex?
Getting Started
Brokers You Need to Avoid
Basic FOREX Strategy
Choosing Your Strategy
Understanding Forex Spreads
Successful Trading Tips
Forex Trading – Rules of Thumb
Dealing with your Losses
Forex Trading Tools
Summary
BONUS Chapter!
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Forex Analysis and Money Management

Table of Contents
Abstract
Table of Figures
1. Introduction
1.1 Introduction
1.2 Project Description
2. Background
2.1 Different Markets
2.2 History of the Forex Market
2.3 Understanding the Forex Market
3. Methodology
3.1 Background Research
3.2 Fundamental Analysis
3.3 Technical Analysis
3.4 Practical Trading in MT4
3.5 Learning and Writing MQL4 Indicators and Robots
3.6 Money / Risk Management
3.7 Researching the Launch of a Money Management Company
4. Project Execution
4.1 Learning to Trade
4.1.1 Fundamental Analysis
4.1.1.1 The Gartman Letter
4.1.1.2 Important Websites
4.1.1.3 Interest Rates
4.1.1.5 GDP
4.1.1.6 Unemployment
4.1.1.7 Inflation
4.1.2 Technical Indicators
4.1.2.1 Forex Support and Resistance Indicators
4.1.2.1.1 Fibonacci Indicator
4.1.2.1.2 Forex Pivot Point
4.1.2.1.3 Bollinger Bands Indicator
4.1.2.2 Three Popular Indicators
4.1.2.2.1 200 Day Exponential Moving Average
4.1.2.2.2 Stochastic Oscillator
4.1.2.2.3 MACD
4.1.3 Lessons Learned
4.1.4 Psychology of Trading
4.2 Implementing our Trading Plan
4.2.1 Selecting a Platform
4.2.2 Trading Resources
4.2.3 Risk Management
4.3 Trading Summary and Results
4.3.1 Kimberly‘s Trading Summary and Results
4.3.2 Xianjing‘s Trading Summary and Results
4.4 Money / Risk Management
4.4.1 Account Information:
4.4.2 Trading Information:
4.4.3 Trading Time Frame:
4.4.4 Risk Management
4.5 Launching a Money Management Company
4.5.1 Legal Structure
4.5.2 Off-Shore or On-Shore Accounts
4.5.2.1 Advantages for Investment Off-Shore
4.5.2.2 Disadvantages of Off-Shore Investment
4.5.3 Money Management
4.5.3.1 General money management options
4.5.3.2 Money and Risk Management of our Forex Money Management Company
4.5.4 Licensing
4.5.4.1 FSB Licensing - Forex Broker License
4.5.4.4 Series 3 License
4.5.4.5 Series 65 License
4.5.4.4 Series 34 License
4.5.5 Regulations and Organizations
4.5.5.1 Commodities Futures Trading Commission – CFTC
4.5.5.2 National Futures Association – NFA
4.5.5.3 FAIS Act
4.5.5.4 FIA Act
4.5.6 Performance Measurement
4.5.6.1 Alpha
4.5.6.2 Beta
4.5.6.3 R-Squared
4.5.6.4 Standard Deviation
4.5.6.5 Sharpe Ratio
4.5.7 Marketing
4.5.7.1 Build a Website
4.5.7.2 Forex Advertising Agency
4.5.7.3 Reputation and Reviews: Serve the Current Customer Well!
5. Programming Project
5.1 The Automation of the Silver Trend Indicator
5.1.1 Initial Idea
5.1.2 Implementation and Back Testing
5.1.3 First Improvement: Adding Trend Condition
5.1.4 Second Improvement: Adding RSI Condition
5.1.5 Third Improvement: Stop Trading When Losing Consecutively
5.1.5.1 Motivation
5.1.5.2 Hand-Analysis of the Algorithm
5.1.5.3 Implementation of the Algorithm
5.1.6 Final Improvement
5.1.7 Analysis of Silver Trend Indicator Code
5.2 Spread Indicator
5.2.1 How to Use It
5.2.2 Code Analysis and Explanation
6. Conclusions and Recommendations
6.1 Conclusions
6.2 Recommendations for Professor Hakim
6.3 Recommendations for New Traders
Bibliography
Appendixes
Gartman Letter Reviews
Overview of Macroeconomic Issues during the Project
Our Trades
Kimberly‘s Trades
Xianjing‘s Trades
Silver Trend Indicator Code
Spread Indicator Code
Table of Figures
Figure 1. Demonstrating Fibonacci Indicator (September 28, 2011, MT4, EURUSD, M5)
Figure 2. Demonstrating Forex Pivot Point Indicator (September 28, 2011, MT4, EURUSD, H1)
Figure 3. Demonstrating Bollinger Bands Indicator (September 28, 2011, MT4, EURUSD, H1)
Figure 4. EMA Demonstration (September 28, 2011, MT4, EURUSD, H1)
Figure 5. EMA Demonstration: Inaccurate Application (September 28, 2011, MT4, EURUSD, H4)
Figure 6. Stochastic Indicator Demonstration (September 28, 2011, MT4, EURUSD, M1)
Figure 7. MACD Demonstration
Figure 8. Silver Trend Robot Backtest Result
Figure 9. Silver Trend Auto Trading Program Back Test 1
Figure 10. Silver Trend Auto Trading Program Back Test 2
Figure 11. Consecutive Losses in Back Test
Figure 12. Back Test Result With and Without the Consecutive Loss Algorithm
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