Table of Contents
Chapter 1: Foreign Exchange—The Fastest-Growing Market of Our Time. 4
Effects of Currencies on Stocks and Bonds.
Comparing the FX Market with Futures and Equities.
Who Are the Players in the FX Market?
Chapter 2: Historical Events in the FX Market.
Bretton Woods: Anointing the Dollar as the World Currency (1944).
End of Bretton Woods: Free Market Capitalism Is Born (1971).
Plaza Accord—Devaluation of U.S. Dollar (1985).
George Soros—The Man Who Broke the Bank of England.
Asian Financial Crisis (1997–1998).
Introduction of the Euro (1999).
Chapter 3: What Moves the Currency Market in the Long Term?
Currency Forecasting—What Bookworms and Economists Look At.
Chapter 4: What Moves the Currency Market in the Short Term?
Relative Importance of Data Changes over Time.
Gross Domestic Product—No Longer a Big Deal.
How Can You Use This to Your Benefit?
A Deeper Look into the FX Market.
Chapter 5: What Are the Best Times to Trade for Individual Currency Pairs?
Asian Session (Tokyo): 7 P.M.–4 A.M. EST.
U.S. Session (New York): 8 A.M.–5 P.M. EST.
European Session (London): 2 A.M.–12 P.M. EST.
U.S.–European Overlap: 8 A.M.–12 P.M. EST.
European–Asian Overlap: 2 A.M.–4 A.M. EST.
Chapter 6: What Are Currency Correlations and How Do Traders Use
Positive/Negative Correlations: What They Mean and How to Use Them.
Important Fact about Correlations: They Change.
Calculating Correlations Yourself.
Chapter 7: Trade Parameters for Different Market Conditions.
Keeping a Trading Journal.
Have a Toolbox—Use What Works for the Current Market Environment.
Step One—Profile Trading Environment.
Step Two—Determine Trading Time Horizon.
Chapter 8 Technical Trading Strategies.
Multiple Time Frame Analysis.
Fading the Double Zeros.
Waiting for the Real Deal.
Inside Day Brea