Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves (Wiley Trading) [Hardcover]

Kathy Lien (Author)

Book Description

Publication Date: December 3, 2008 | Series: Wiley Trading (Book 394)

Discover a variety of technical and fundamental profit-making strategies for trading the currency market with the Second Edition of Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien–Director of Currency Research for one of the most popular Forex providers in the world–describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationships, interest rate differentials, option volatility, news events, and central bank intervention.

Editorial Reviews

From the Inside Flap

In only a few short years, the currency/foreign exchange (FX) market has grown significantly. With institutions and individuals driving daily average volume past the $3 trillion mark, there are many profitable opportunities available in this arena—but only if you understand how to operate within it.

That's why Kathy Lien—Director of Currency Research for one of the most popular Forex providers in the world—has created Day Trading and Swing Trading the Currency Market, Second Edition. Written for both the experienced and aspiring trader, this updated guide outlines the essential elements of the FX market and reveals the latest trends, data, and strategies that all traders, particularly day and swing traders, need to be aware of in order to excel in this fast-moving field.

After an engaging introduction to how the foreign exchange market has evolved over the last few years and a look at some of its historical milestones, this book quickly moves on to address the innovative trading insights that will enhance your profitability within today's FX market. Page by page, you'll becomefamiliar with:

• New technical trading strategies, which include how to trade news, effectively time market turns, and capture new shifts in momentum

• Proven fundamental trading strategies, which involve trading off commodity prices, fixed income instruments, and option volatilities; as well as intervention-based trades and macro event-driven trades

• The unique characteristics of each major currency pair—from when they are most active to what drives their price action

• Trading through different market conditions, by first profiling a trading environment and then applying specific indicators for that environment

• And much more

Both informative and accessible, the Second Edition of Day Trading and Swing Trading the Currency Market goes far beyond what other currency trading books cover. It delves into consistently critical questions such as "What Are the Most Market-Moving Indicators for the U.S. Dollar" and "What Are Currency Correlations and How to Use Them," while touching on topics like "How to Trade like a Hedge Fund Manager" and "The Impact of Seasonality in the Currency Market" that could give you a distinct edge in this competitive arena.

Filled with proven trading strategies as well as detailed statistical analysis, the Second Edition of Day Trading and Swing Trading the Currency Market will help you achieve unparalleled success in the most actively traded market in the world.

From the Back Cover

Second Edition

Day Trading and Swing Trading the Currency Market

Praise for the First Edition

"I thought this was one of the best books that I had read on FX. The book should be required reading not only for traders new to the foreign exchange markets, but also for seasoned professionals. I'll definitely be keeping it on my desk for reference. The book is very readable and very educational. In fact, I wish that Kathy's book had been around when I had first started out in FX. It would have saved me from a lot of heartache from reading duller books, and would have saved me a lot of time from having to learn things the hard way. I look forward to reading other books from her in the future."
—Farooq Muzammal, Head of Foreign Exchange, MAREX Capital

"Kathy's book is an indispensable tool for Forex traders, whether you are a professional or novice. It not only lays the groundwork for an in-depth understanding of Forex trading, it also contains numerous fundamental and technical strategies. . . . I suspect that many traders will be keeping Kathy's book within arm's reach for many years to come."
—Eddie Kwong, Executive VP/Editor in Chief, Tradingmarkets.com

"In Day Trading the Currency Market, Kathy Lien provides traders with unique, thoughtful, and profitable insight on trading this exciting market. This book should be required reading for all traders, whether they are novices to Forex or experienced professionals."
—Cory Janssen, cofounder, Investopedia.com

"There are aspects to trading currencies that are different from trading equities, options, or futures. In this book, Kathy Lien provides deep insight into all the mechanisms that take place in the currency markets. Any currency trader will gain more confidence in their trading after reading this book."
—Jayanthi Gopalakrishnan, Editor, Technical Analysis of Stocks & Commodities

"Kathy has done a brilliant job with this book. She speaks directly to traders and gives them guidance to improve their performance as Forex traders. I took some notes and ideas from the book myself that are going to be very useful for my business."
—Francesc Riverola, CEO and founder, FXstreet.com

See all Editorial Reviews

Product Details

• Hardcover: 304 pages
• Publisher: Wiley; 2 edition (December 3, 2008)
• Language: English
• ISBN-10: 0470377364
• ISBN-13: 978-0470377369
• Product Dimensions: 9 x 6.1 x 1.3 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #471,915 in Books (See Top 100 in Books)

More About the Author

Kathy Lien is an Internationally Published Author, Managing Partner of BKForexAdvisors.com and the Director of Currency Research of FX360 and GFT. Her trading books include the following:

1) For beginners, "The Little Book of Currency Trading (2010, Wiley)."

2) Second edition of the highly acclaimed, internationally published "Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit form Market Swings (2008, Wiley)."

3) Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game (2007, Wiley)

4) High Probability Trading Setups for the Currency Market E-Book (2006, Investopedia)

As Director of Currency Research, Kathy is responsible for providing research and analysis for GFT. She also runs an FX Signal Service BKForexAdvisor.com, with Boris Schlossberg - one of the few investment advisory letters focusing strictly on the 3 Trillion/day FX market.

Kathy is a "Trader First, Analyst Second." She publishes both technical and fundamental research reports, market commentaries and trading strategies. A seasoned FX analyst and trader, Kathy has direct interbank experience. Prior to joining GFT, Kathy was the Chief Strategist of DailyFX.com and worked in JPMorgan Chase's Cross Markets and Foreign Exchange Trading groups using both technical and fundamental analysis to trade FX spot and options. She also has experience trading a number of products outside of FX, including interest rate derivatives, bonds, equities and futures. She has taught seminars around the world on day and swing trading the currency market.

Kathy is also one of the authors of Investopedia's Forex Education section and has written for Tradingmarkets.com, the Asia Times Online, Stocks & Commodities Magazine, MarketWatch, ActiveTrader Magazine, Currency Trader, Futures Magazine and SFO. She is frequently quoted by Bloomberg, Reuters, the Wall street Journal, and the International Herald Tribune and has appeared on CNN, CNBC, CBS and Bloomberg Radio. She has also been on a few episodes of Wall Street Warriors, hosted trader chats on EliteTrader, eSignal and FXStreet, sharing her expertise in both technical and fundamental analysis.

Many people have asked how Kathy has managed to achieve so much at such a young age, but if you consider that she graduated New York University's Stern School of Business at the age of 18 in 1999, she actually has a wealth of experience.