Day Trading And Swing Trading The Currency Market, Third Edition: Technical And Fundamental Strategies To Profit From Market Moves

The new edition will be updated, reflecting the most recent data, trends, and events in the fast-moving foreign exchange markets. In addition, a number of new trading strategies will be included for both day traders and swing traders. An invaluable resource for forex traders, this book explains how the interbank currency market works, identifies the forces that move the market, and provides sophisticated strategies for profiting from short-term market swings. Reflecting the author's background, many of the strategies derive from the somewhat secretive multi-billion dollar interbank currency market. The author describes how interbank traders analyze the market, where they tend to place their orders, and how they try to profit from market swings. The author describes how interbank traders analyze the time-tested technical and fundamental strategies that individual traders can use to compete with bank traders and make money in these very fast-paced markets. She describes a variety of technical trades for riding short-term trends and for buying or selling oversold and overbought markets. She then describes a host of more fundamentally oriented strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and central bank intervention. Finally, she describes the unique characteristics of various currency pairs such as yen/Australian dollar, Canadian dollar/US dollar, and Euro/yen. Armed with the knowledge and strategies in this book, an individual trader can approach this highly competitive arena on an equal footing as the major financial institutions that dominate the currency market.

KATHY LIEN is Managing Director of FX Strategy for BK Asset Management and Co-Founder of BKForex.com. Having graduated New York University's Stern School of Business at the age of 18, Kathy immediately started working on Wall Street, where she earned more than 13 years of experience in the financial markets with a focus on G20 currencies. Her career started at J.P. Morgan Chase where she worked on the interbank FX trading desk and later in the cross markets proprietary trading group. As an expert on G20 currencies, Kathy is often quoted in The Wall Street Journal, Reuters,Marketwatch, Associated Press, UK Telegraph, Sydney Morning Herald, and other leading news publications. She is also an internationally published author of the bestselling bookDay Trading and Swing Trading the Currency Market as well as The Little Book of Currency Trading andMillionaire Traders: How Everyday People Beat Wall Street at its Own Game.