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Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves Hardcover – December 3, 2008
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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 arenabut only if you understand how to operate within it.
That's why Kathy LienDirector of Currency Research for one of the most popular Forex providers in the worldhas 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 become familiar 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 pairfrom 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
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
More About the Author
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)
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 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.
Top Customer Reviews
Aside from that this book is an excellent instruction book on swing and day trading. The book very succintly explains the preparation for the trading day and the two strategies you can follow: fundamental or technical. Although i don't use some of her strategies i do use a couple and am in the process of designing my system for the others. I think the three chapters 8,9 and 10 are worth the price of book by themselves.
The style of Kathy is very appealing to the mind as you read, which of course helps in understanding what you are reading and eventually just do as she suggests in the book, I started with one strategy and so far my results are 50/50 meaning I get stopped 50% and take Profit 50%, and when I analyzed why the stopped, I found because I didn't follow what she said 100% so I go back and read again.
I have read more than a 100 books on Forex, this book is by far the best and in true honesty that is the only book you need, and of course her future books as well, which I am sure will have more information and strategies.
Anyone teaching Forex, they would have the best course ever if they just structure the course according to the book.
Thank you Kathy and look forward to more insight and more strategies.
Farid Khattab - Cairo-Egypt
Kathy's a brilliant forex strategist and trader, and along with Boris, the two of them are great resources to learn from. Highly recommended. I'll be telling my 8100 traders that this is a "strong buy"; all of Kathy's training (particularly how to use correlation tables to identify strongest-paired moves) are a superb addition to any currency trader's library.
Great job as always, Kathy!
Ken Calhoun, Pres.
Good compendium on economic influences and models.
i enjoyed it!
Most Recent Customer Reviews
Great book. Great strategies. It's helped me tremendously. If you have any interest in currency trading, this is a must read.Published 13 months ago by David Louis
Didn't really show me how to do anything more successfully than I'm doing now
Didn't really show me how to do anything more successfully than I'm doing now
Among many books by KathyLien, this book is best, Kathy Lien explained about timezone trading, many forex strategies that involves both fundermental and technical analysisPublished 23 months ago by bmvdfunddotcom
One of my favorite trading books, Day Trading & Swing Trading the Currency Market gives an in depth view of the world of forex. Read morePublished on January 4, 2014 by Christopher Hill
Book written by a pro not just theory but a lot of practicle examples, strategies and information from inside of the forex world. Absolutely MUST read it.Published on January 2, 2014 by Claudio
Really helpful explanations about what moves the currencies in context of economics and finance. Just quality of used charts can be a bit better. Read morePublished on August 21, 2013 by Tomas Gersl
The book was written 5 years ago, its exemples are dated and I fear that things might have changed a little bit since then. Nevertheless, I took good tips from reading the book.Published on February 16, 2013 by Eduardo Albuquerque
As far as I have read the book, it really widened my knowledge on the currency market. I enjoyed reading this book as it gave me a better understanding than the other few books... Read morePublished on November 5, 2012 by Bao
This is a must book for serious traders. If you want to learn how to understand the market and how to trade like a pro you must read this book. Read morePublished on August 10, 2012 by Andrew Kreimer