Titel: The Sensible Guide to Forex
Autor/en: Cliff Wachtel
Safer, Smarter Ways to Survive and Prosper from the Start.
Wiley John + Sons
4. Oktober 2012 - gebunden - 448 Seiten
FXstreet.Com's 2013 Best Book Award!
The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start is written for the risk averse, mainstream retail investor or trader seeking a more effective way to tap forex markets to improve returns and hedge currency risk. As the most widely held currencies are being devalued, they're taking your portfolio down with them--unless you're prepared.
For traders, the book focuses on reducing the high risk, complexity, and time demands normally associated with forex trading.
For long-term investors, it concentrates on how to hedge currency risk by diversifying portfolios into the strongest currencies for lower risk and higher capital gains and income.
The usual forex materials don't provide practical answers for most retail traders or longer term investors. Virtually all forex trading materials focus on time-consuming, high-leverage, high-risk methods at which most traders fail. Materials about long-term investing in foreign assets rarely take into account the prospects of the related currency. A falling currency can turn an otherwise good investment into a bad one.
Throughout the book, the emphasis is on planning and executing only low risk, high potential yield trades or investments and avoiding serious losses at all costs. Packed with richly illustrated examples every step of the way and including additional appendices and references to online resources, the book is the ultimate guide to forex for retail traders and investors seeking to tap forex markets for better currency diversification and income.
* Provides traders with safer, smarter, less complex and time-consuming ways to trade forex with higher odds of success. These include the use of such increasingly popular new instruments like forex binary options and social trading accounts that mimic expert traders.
* Shows investors how to identify the currencies most likely to hold or increase their value, and provides a wealth of ideas about how to apply that knowledge to a long-term, low-maintenance portfolio for both income and capital appreciation.
* Helps anyone seeking an asset class with low correlation to other markets by explaining how the very nature of forex markets means that regardless of market conditions there's always a playable trend somewhere, regardless of what other asset markets are doing, and how to find and exploit it for a short-term trade or a long-term investment in a currency pair, stock, bond, or other asset
The Sensible Guide to Forex is only book that teaches mainstream risk averse investors and traders how to build a portfolio that's diversified by currency exposure as well as by asset class and sector, via a variety of safer, simpler methods to suit different needs, risk tolerances, and levels of expertise.
Written by Cliff Wachtel, a 30+ year financial market writer, advisor, and analyst, The Sensible Guide to Forex offers practical solutions to the above dilemmas faced by every serious, prudent investor.
A must own for any informed investor-but don't take out word for it - see advanced reviews at: http://thesensibleguidetoforex.com/review/
Read This First xix
CHAPTER 1 Three Must-Know Forex Facts 1
CHAPTER 2 Forex Basics 17
CHAPTER 3 Technical Analysis (TA) Basics 49
CHAPTER 4 Technical Analysis: Types of Support and Resistance (S/R) 73
CHAPTER 5 Trader Psychology and Risk and Money Management (RAMM) 123
CHAPTER 6 Essentials of Fundamental Analysis 169
CHAPTER 7 Pulling It All Together with Trade Examples 205
CHAPTER 8 Technical Analysis: Basic Momentum Indicators 227
CHAPTER 9 Technical Analysis: Future Study 255
CHAPTER 10 Alternatives to Traditional Methods 287
CHAPTER 11 Newer, Smarter Methods 295
CHAPTER 12 Forex for Income: The Smartest Oxymoron 323
CHAPTER 13 Now What? Next Steps 341
APPENDIX A Recommended Free Online
APPENDIX B How to Calculate Pip Values and Examples 355
APPENDIX C Forex Trading Time Zones, Liquidity, and Why These Matter 359
APPENDIX D More on Leverage and Margin 365
APPENDIX E How the Mathematics of Loss Demands Keeping Losses Per Trade Low 367
APPENDIX F Choosing a Forex Broker 371
APPENDIX G Low Correlations to Other Markets via Social Trading Means There's
About the Author 385
Cliff Wachtel, CPA, is the Chief Market Analyst for anyoption.com, Director of Market Research, New Media and Training for caesartrade.com, and publisher of thesensibleguidetoforex.com. For more details on the author, visit the About page.