Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies [Hardcover]

John Jagerson (Author), S. Wade Hansen (Author)

Book Description

Publication Date: July 12, 2006

Profiting with Forex introduces investors to all the advantages of the global foreign exchange market and shows them how to capitalize on it. Readers will learn why forex is the perfect supplement to stock and bond investing; why it is unrivaled in terms of protection, profit potential, and ease of use; and how it can generate profits, whether the other markets are up of down.

Written by two leading forex experts, this complete investing resource uses basic economic principles, solid technical analysis, and lots of common sense to develop an arsenal of tools and techniques that will lead to winning results in the lucrative foreign exchange marketplace. Profiting with Forex includes everything that investors need to know about:

The many advantages of the forex market: huge market size, ease of entry, profit potential, tax incentives, 24-hour trading, no commissions, increased leverage, and guaranteed stops

The basic terms of forex trading: definitions of important concepts, including "pip," "currency pair," "contract" or "lot," and more

Genesis and growth of the forex market: how the forex market emerged out of a changing global financial landscape and continues to changes and adapt with that same volatile landscape

Fundamental factors that shape the Forex market: the U.S. government, inflation, the U.S. stock market, China and other emerging markets, oil, and breaking news

Fundamental tools for tracking Forex market changes: interest rates, Treasury International Capital Data, Consumer Price Index, S&P 500, U.S. dollar vs. Chinese yuan, balance of trade, crude oil futures, and news media

Technical analysis tools and indicators for gauging market sentiment: moving averages, oscillating indicators such as, stochastics, Commodity Channel Index, Relative Strength Index, Fibonacci analysis, and others

Filled with over 150 illustrations and figures, Profiting with Forex also shows investors how to combine their newly acquired knowledge of Forex fundamentals with proven trading techniques that can generate great rewards in the market.

Editorial Reviews

From the Back Cover

[Back Cover Copy]

Finance and Investing

Acquire the Tools, Techniques, and Strategies Needed to Successfully Trade Currencies in the Lucrative Forex Market

Profiting with Forex is today's most comprehensive guide to the enormous potential of Forex, the world's largest market. This expertly written resource explains how the global foreign exchange market works…which investing tools, techniques, and strategies have been used with great success in this market…and how you can generate profits in Forex, whether the other markets are up or down.

From the basic characteristics of the Forex market…to the full range of sophisticated investing methods, Profiting with Forex provides practical tips and guidelines for trading in this fast-paced world. This expert reference describes how businesses use Forex and shows how that experience can benefit both individual and institutional investors.

Profiting with Forex features:

A concise discussion of the mechanics and key issues in the global foreign exchange market

Vital information on the advantages of the Forex market, such as ease of entry, profit potential, and 24-hour trading

Analyses of the factors that shape Forex_from inflation and the stock market to oil prices and breaking news

Descriptions of the major tools for tracking Forex changes, including interest rates, S&P 500, and balance of trade

An array of proven strategies for profitably trading Forex

Guidance on making Forex trading an integral part of your overall portfolio

Written in clear, down-to-earth language, Profiting with Forex will equip you with the investment skills needed to reap huge rewards in the almost unlimited foreign exchange market.

[Flap Copy]

Profiting with Forex introduces investors to all the advantages of the global foreign exchange market and shows them how to capitalize on it. Readers will learn why Forex is the perfect supplement to stock and bond investing …why it is unrivaled in terms of protection, profit potential, and ease of use…and how it can generate profits, whether the other markets are up or down.

Written by two leading Forex experts, this complete investing resource uses basic economic principles, solid technical analysis, and lots of common sense to develop an arsenal of tools and techniques that will lead to winning results in the lucrative foreign exchange marketplace. Profiting with Forex includes everything that investors need to know about:

The many advantages of the Forex market_huge market size, ease of entry, profit potential, tax incentives, 24-hour trading, no commissions, increased leverage, and guaranteed stops

The basic terms of Forex trading_definitions of important concepts, including “pip,” “currency pair,” “contract” or “lot,” and more

Genesis and growth of the Forex market_how the Forex market emerged out of a changing global financial landscape and continues to change and adapt within that same volatile landscape

Fundamental factors that shape the Forex market_the U.S. government, inflation, the U.S. stock market, China and other emerging markets, oil, and breaking news

Fundamental tools for tracking Forex market changes_interest rates, Treasury International Capital Data, Consumer Price Index, S&P 500, U.S. dollar vs. Chinese yuan, balance of trade, crude oil futures, and news media

Technical analysis tools and indicators for gauging market sentiment_ such as moving averages, oscillating indicators such as, stochastics, Commodity Channel Index, Relative Strength Index and Fibonacci analysis

Filled with over 150 illustrations and figures, Profiting with Forex also shows investors how to combine their newly acquired knowledge of Forex fundamentals with proven trading techniques that can generate great rewards in the market.

About the Authors

John Jagerson, CTA, is Vice President of Content for INVESTools, the leader in the investor education industry. Mr. Jagerson writes weekly columns for INVESTools on active trading in Forex, equities, options, and futures, which he also actively trades.

S. Wade Hansen, CTA, is also a managing principal at Ouroboros Capital Management, LLC-where he created the firm's proprietary trading system. His articles have appeared in Technical Analysis of Stocks & Commodities, BusinessWeek's Investor Education program, and CNBC's Investor Education program.

About the Author

John Jagerson is Vice President of Content for INVESTools, the leading investor-education company in the United States. A veteran trader in stocks, options, futures, and forex, he is also a managing principal of Ouroboros Capital Management, an NFA member firm. Jagerson has been featured in Business Week's Stock Trader newsletter and has published several articles in online and print periodicals.

S. Wade Hansen is a managing principal of Ouroboros Capital Management, where he created the firm's proprietary trading system. Mr. Hansen's articles have appeared in several media outlets and he has been a featured speaker at numerous forex workshops and seminars. He helped train tens of thousands of investors as the co-creator of the INVESTools Currency Trader, Advanced Options, and Advanced Technical Analysis education programs.

Product Details

• Hardcover: 267 pages
• Publisher: McGraw-Hill; 1 edition (July 12, 2006)
• Language: English
• ISBN-10: 0071464654
• ISBN-13: 978-0071464659
• Product Dimensions: 9 x 6.1 x 1.3 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (31 customer reviews)
• Amazon Best Sellers Rank: #676,973 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

28 of 31 people found the following review helpful:

5.0 out of 5 stars First Forex Book Of Its Kind, August 9, 2006

By 

Eric Utley (Salt Lake City, UT) - See all my reviews

This review is from: Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies (Hardcover)

Disclosure: John and Wade are friends and colleagues of mine.

I'm a professional trader with over a decade of experience in equity, option, futures, and currency markets. Over my career, I have bought and read hundreds of books on investing, trading, and finance. I've read every investing-related book that I ever bought, but most of them only once. In fact, of the hundreds of investing books in my personal library, I regularly recommend maybe a dozen - the dozen that helped me to make money.

Profiting With Forex is the book in my library that I recommend to those wanting to learn how to make money in the currency market.

The reason that I recommend Profiting With Forex is because it's filled with actionable, applicable ideas with which you can actually make money in the currency market. Let me repeat that one more time: The book teaches you how to make money trading currencies.

Too many authors today use their books as a soapbox. Or they wind down the tedious road of pie-in-the-sky theory. Worse still, a lot of authors don't have any skin in the game. They don't even trade. Fortunately, John and Wade are real traders, who have written the first book on currency trading that is worth reading.

John and Wade picked a perfect title for their book. Read it. Learn how to make money. This is one of those books that you read, and then re-read many times over.

16 of 17 people found the following review helpful:

5.0 out of 5 stars One of the best books on Investing I've ever read, August 11, 2006

By 

P. Wood (San Diego, CA) - See all my reviews
(REAL NAME)   

This review is from: Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies (Hardcover)

I purchased this book from Amazon at the time of the release and have been extremely impressed by the informative way Mr. Jagerson and Mr. Hansen present their ideas. Like the previous reviewer, I also had the first 70 pages repeated. I sent the book back to the publisher and received a new copy with the correct pages. A simple fix.

I have been an active trader in stocks and options for nearly 10 years and in the forex market for approximately two years. After reading "Profiting with Forex" I feel like I know as much or more about making money in the forex market as I do in the stock market.

18 of 20 people found the following review helpful:

5.0 out of 5 stars Cuts out the fluff and talks about what you really need to know., August 17, 2006

By 

Brett Crowther - See all my reviews
(REAL NAME)   

This review is from: Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies (Hardcover)

I have been trading the forex for years and read many books on the subject only to find most of them so basic they weren't worth my time or so complex you need an advanced degree in economics to get it. Mr. Jagerson and Hansen have bridged that gap.

Unlike many books I have read that talk theory Profiting with Forex laid out specific methods to trade such as divergences, Fibonacci retracements and fundamental trades. Economic announcements are always a challenge in the forex market. This book cuts through the pile of economic announcements and specifically states which announcements you need to be concerned with, and how to play them. The chapter on China was informative and something everyone needs to understand because China's presence will continue to grow and influence the world economy.

Having read the book I must say I have a better handle on the world economy, what influences it, and how to take advantage of it now.