Planet Forex currency trading in the digital age /
This valuable book provides a much-needed integration of fundamental analysis of global forces and technical analysis to provide highly probable trades in currency markets. Fundamental analysis is often too vague and not quantified. This book provides insights into fundamental analysis and then cali...
| Main Author: | Cofnas, Abe, 1950- |
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| Other Authors: | SpringerLink (Online service) |
| Format: | eBook |
| Language: | English |
| Published: |
Cham, Switzerland :
Palgrave Macmillan,
2018.
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| Physical Description: |
1 online resource. |
| Subjects: |
| Summary: |
This valuable book provides a much-needed integration of fundamental analysis of global forces and technical analysis to provide highly probable trades in currency markets. Fundamental analysis is often too vague and not quantified. This book provides insights into fundamental analysis and then calibrates it to trading strategies and techniques. Fundamentals are clearly defined as longer-term economic expectations regarding growth, inflation, and labor conditions. Nearer-term understanding of fundamentals deals with market psychology, where markets are manifest risk-on and risk-off emotions. Currencies are explained as expectations battles generating expectation waves. With real trading examples included to underscore the concepts, Planet Forex gives readers an invaluable primer on trading market sentiment that is unprecedented. This book is a must-read for global forex traders, portfolio managers, and other employees in the forex industry, including exchanges, brokerage firms, and financial planners and advisors. |
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| Item Description: |
Includes index. This valuable book provides a much-needed integration of fundamental analysis of global forces and technical analysis to provide highly probable trades in currency markets. Fundamental analysis is often too vague and not quantified. This book provides insights into fundamental analysis and then calibrates it to trading strategies and techniques. Fundamentals are clearly defined as longer-term economic expectations regarding growth, inflation, and labor conditions. Nearer-term understanding of fundamentals deals with market psychology, where markets are manifest risk-on and risk-off emotions. Currencies are explained as expectations battles generating expectation waves. With real trading examples included to underscore the concepts, Planet Forex gives readers an invaluable primer on trading market sentiment that is unprecedented. This book is a must-read for global forex traders, portfolio managers, and other employees in the forex industry, including exchanges, brokerage firms, and financial planners and advisors. Intro; Preface; Contents; List of Charts; List of Tables; 1: What is Fundamental Analysis?; What is aCurrency Pair Price? AFundamental View; Flaws inTechnical Analysis; Resistance and Support Lines; 2: Core Fundamental Forces and How toMonitor Them; The Set of Core Fundamental Forces; Forces of Growth; Forces of Decline; Expectations onInterest Rate Direction; Forces of Fear; How Market Patterns Emerge; Filtering the Signal fromtheNoise; Measuring Risk-Off and Risk-On Conditions; Summary of Risk-On and Risk-Off Conditions; US dollar; VIX; The Yen Strengthening. Bonds: TheMarket's VigilantesBond Market Shows Inflation Expectations; TIPS; Flattening and InverseYield Curve; The Commodity Complex; Crude and Copper; 3: Understanding Central Banks andtheir Role inMoving Currency Markets; Stimulate or Tighten: ThePolicy Choices of Central Banks; The End oftheEra of QE; Inflation Targeting; Inflation Projections and Expectations are Key; Brexit and Inflation; 4: How toDecode Central Bank Statements; Word Clouds; Word Frequency Count; Two Statement Comparison; Bank of England Word Cloud Comparison; Central Bank Frequency Analysis. Decoding Federal Reserve Statements5: What is Sentiment?; Visualizing Sentiment; Reversal of Sentiment; Day 3 Line BreakChart; Four-Hour 3 Line Break Chart; Renko Bricks; Comparison of Candles and Renko; The Fundamental Knowledge Grid; 6: Sentiment Trading Set-Ups; Position Trading Sentiment Set-Ups; Sentiment Alignments forPosition Trading; Back Tests; Momentum Sentiment Trading: FX Rodeo; 7: Cryptocurrencies; Steps inTrading Crypto; Selecting the Crypto toTrade; Bitcoin; Candlestick and Bitcoin; Ethereum; Ripple; What is the"Smart Money" Doing? 8: The Future of Forex Trading: Algorithms, Artificial Intelligence, and Social Forex TradingBots; Alerts; Digital Trader Assistance: On-Demand Alerts; Social Trading Alerts; Deep Learning Algorithms; Conclusion; Appendix: Resources forSentiment Trading and Training; Index. |
| Physical Description: |
1 online resource. |
| ISBN: |
9783319929132 3319929135 |