Overview
Main description
Make Volatility and Risk Work for
You with Forex Trading!
“This book should be in every trader/investor’s library.
As we come out of this
depressed market . . . this book can be your companion, helping you avoid
mistakes and enhance your trading/investment program.”
—Bill M. Williams, author of Trading Chaos
“Whether you’re just getting started trading the world’s most exciting financial market,
or you’re looking to add to your trading edge, [the authors] have written an engaging
book packed with powerful techniques that you can use right now.”
—Rob Booker, trader, author, educator, and founder and host of TraderRadio.net
The foreign exchange market is the largest
trading market in the world, with
average daily volume well into the trillions.
Because the market is always characterized by
high liquidity, forex traders benefit most from
volatile markets—making it the ideal investment
approach today and well into the future.
Mastering the Currency Market is a comprehensive
guide to currency and futures trading
strategies and techniques for both highly volatile
and nonvolatile markets.
Putting to work their vast and highly diverse
experience in forex trading, the authors explain
how to take advantage of the many benefits
of foreign exchange trading, including
its low cost of entry afforded by margin, and
the dynamic pricing by nature of the competitive
marketplace. Mastering the Currency
Market is divided into five sections covering:
- The basics of trading currencies
- Fundamental analysis of
price valuation
- Technical analysis and
trading charts
- Trading philosophy and
psychological discipline
- Volatility and risk management
With four decades of combined experience,
the authors clearly communicate to you a trading
method that will give you the confidence
to both analyze markets and execute trades
successfully, regardless of underlying market
conditions.
As 2008 introduced nightmare scenarios for
investors around the world, it was Al Gaskill’s
most productive period of his trading career.
He used the same trading methods spelled out
in this book.
Apply the lessons inside and you’ll see profits
rise during periods of high market volatility,
and when the market slows down, you can
downshift to countertrending methods. It’s
a win-win investing method, and Mastering
the Currency Market leads you through it every
step of the way.
Table of contents
1. Introduction to Trading Currencies
2. Fundamental Analysis
3. Technical Analysis
4. Candle Stick Charts
5. Support and Resistance
6. Chart Patterns
7. Technical Indicators
8. Trading Techniques
9. Tying the Technical Indicators Together
10. Trading Philosophies and Psychology
11. Trading Your Appropriate Timeframe
12. Volatility and Risk Management
13. Trade Plans and Risk Management
Author comments
Jay Norris is a senior market strategist and
trading instructor for BrewerFX in Chicago.
He worked on the trading floor of the Chicago
Board of Trade throughout the 1980s
and 1990s in various roles before moving to
the customer side of the business in 2001. He
has published several articles about trading
in Technical Analysis of Stocks & Commodities
magazine.
Al Gaskill is an independent trader, an instructor,
and a principal in Brewer Investment
Group.
Teresa Bell is an educator for www.Trading-u.com.
Back cover copy
Make Volatility and Risk Work for
You with Forex Trading!
“This book should be in every trader/investor’s library. As we come out of this
depressed market . . . this book can be your companion, helping you avoid
mistakes and enhance your trading/investment program.”
—Bill M. Williams, author of Trading Chaos
“Whether you’re just getting started trading the world’s most exciting financial market,
or you’re looking to add to your trading edge, [the authors] have written an engaging
book packed with powerful techniques that you can use right now.”
—Rob Booker, trader, author, educator, and founder and host of TraderRadio.net
Forex traders perform exceptionally well in highly volatile, risky, and active markets. And
with the leveling out of international markets and the increase in competition this breeds,
dramatic growth is virtually assured—so now is the time to enter this exciting and lucrative
market.
Mastering the Currency Market walks you through all the steps for entering the market with
the confidence and smarts you need. It provides a solid foundation on the basics of foreign
exchange, then examines more advanced topics, such as:
- Hedging against fluctuations in currency values
- Long-range planning and risk management
- Techniques applicable to countertrending and low-volatility markets
