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

by Kathy Lien (Author)
Key Phrases: technical trading strategies, bond spread, average directional index, United States, New Zealand, United Kingdom (more...)

Editorial Reviews

Product Description
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.

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.

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Product Details

• Hardcover: 304 pages
• Publisher: Wiley; 2 edition (December 3, 2008)
• Language: English
• ISBN-10: 0470377364
• ISBN-13: 978-0470377369
• Product Dimensions: 9.1 x 6.3 x 1.2 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #21,883 in Books (See Bestsellers in Books)

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  #5 in	Books > Business & Investing > Finance > Foreign Exchange
  #17 in	Books > Professional & Technical > Accounting & Finance > International > Finance
  #62 in	Books > Business & Investing > Investing > Futures

Customer Reviews

Most Helpful Customer Reviews

6 of 7 people found the following review helpful:

4.0 out of 5 stars Excellent Book on Currency Trading, March 8, 2009

By	Joao Coelho "bookieman" (Sacramento, Ca USA) - See all my reviews (REAL NAME)

I was reluctant to purchase this book because i feared this one would be as many other books i have bought before: tutorial on basics, with examples that are hard to follow. I was wrong but i am giving it a four star because the one area i believe is very important to discuss stop-loss management she was not very helpful - still better than most books i read - for that i think you need to read Agustin Silvani's book.

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.

2 of 2 people found the following review helpful:

4.0 out of 5 stars Day Trading & Swing Trading the Currency Market, May 25, 2009

By	TS (Singapore) - See all my reviews

It's great book! Kathy explained in detail the important of timing, include which currency pairs to trade in different time zone. This is very valuable information to traders who stay in Asia, like me. I recommend this book for active traders. TS - Singapore

5 of 8 people found the following review helpful:

5.0 out of 5 stars Must read for any FOREX Trader, January 13, 2009

By	Daniel P. Casterline (Denver, CO) - See all my reviews (REAL NAME)

Unless you are a professional financial analyst dedicating hours of research to the currency markets this book is a must read. (even if you are an analyst, you'll want to read this book). Just buy the book, and read it, then read it again. This is some complex stuff, Kathy provides a forum to understand the FOREX market and what moves it and how to trade it. Trading strategies with entry and exit rules for long and short positions. Terrific work!