GETTING STARTED IN CURRENCY TRADING Second Edition -- Contents -- Acknowledgments -- Introduction -- About This Book -- How This Book Is Organized -- Disclaimer -- Part I: The Foreign Exchange Markets -- Chapter 1: The FOREX Landscape -- Introduction- What Is FOREX? -- What Is a Spot Market? -- Which Currencies Are Traded? -- Who Trades on the Foreign Exchange? -- How Are Currency Prices Determined? -- Why Trade Foreign Currencies? -- What Tools Do I Need to Trade Currencies? -- What Does It Cost to Trade Currencies? -- FOREX Versus Stocks -- FOREX Versus Futures -- Chapter 2: A Brief History of Currency Trading -- Ancient Times -- The Gold Standard, 1816-1933 -- The Fed -- Securities and Exchange Commission, 1933-1934 -- The Bretton Woods System, 1944-1973 -- The End of Bretton Woods and Floating Exchange Rates -- International Monetary Market -- Current Perspective -- Arrival of the Euro -- Chapter 3: Spot or Futures FOREX? -- Introduction- Futures Contracts -- Currency Futures -- Contract Specifications -- Currencies Trading Volume -- U. S. Dollar Index -- Summary -- Part II: Getting Started -- Chapter 4: The Regulatory Environment -- Regulation Today -- The Commodity Futures Trading Commission (CFTC) -- National Futures Association -- Commodity Futures Modernization Act of 2000 -- The Patriot Act -- The CFTC Reauthorization Act of 2005 -- Summary -- Chapter 5: The FOREX Lexicon -- Currency Pairs -- Major and Minor Currencies -- Cross Currency -- Exotic Currency -- Base Currency -- Quote Currency -- Pips -- Ticks -- Margin -- Leverage -- Bid Price -- Ask Price -- Bid/Ask Spread -- Quote Convention -- Transaction Cost -- Rollover -- The Trader's Nemesis -- Summary -- Chapter 6: The Calculating Trader -- Leverage and Margin Percent -- Pip Values -- Calculating Profit and Loss -- Calculating Units Available -- Calculating Margin Requirements.

Calculating Transaction Cost -- Calculating Account Summary Balance -- For Futures Traders -- Summary -- Chapter 7: Selecting the Right FOREX Broker for You -- Broker-Dealer Due Diligence -- Demo Accounts -- Market Maker, ECN, or IB -- Introducing Brokers -- Platform Capabilities -- Trading Tools -- Order Execution and Accounting -- News -- Chat -- Platform Stability and Backbone -- Historical Data -- Data Feed -- Third-Party Offerings -- Orders -- Margin Requirements -- Order Backup -- Account Minimums -- Pairs, Crosses, and Exotics -- Deposits and Withdrawals -- Transaction Costs -- Trading Hours -- Customer Service -- Documentation -- Requoting -- Financials -- Rollovers and Interest -- FOREX Broker-Dealers -- Popular Broker-Dealers -- The Big Three -- For the Professional -- Fraud, Scams, and Off-Exchange -- Summary -- Chapter 8: Opening a FOREX Account -- Account Types -- Opening the Account: Steps -- Summary -- Chapter 9: Pulling the Trigger -- Orders -- Market Orders -- Limit Orders -- Stop Orders -- Combination Orders -- Specialty Orders -- Order Placement Walk-Through -- Order Execution -- Order Confirmation -- Transaction Exposure -- Summary -- Part III: The Tools of the Trade -- Chapter 10: Fundamental Analysis -- Supply and Demand -- Interest Rates -- Balance of Trade -- Purchasing Power Parity -- Gross Domestic Product -- Intervention -- Other Economic Indicators -- Forecasting -- Chapter 11: Technical Analysis -- Overview -- Bar Charts -- Trend Lines -- Support and Resistance -- Recognizing Chart Patterns -- Reversal Patterns -- Continuation Patterns -- Candlestick Charts -- Point and Figure Charts -- Charting Caveat- Prediction versus Description -- Indicators and Oscillators -- Relative Strength Indicator -- Momentum Analysis -- Moving Averages -- Bollinger Bands -- Indicator Caveat- Curve-Fit Data -- Swing Analysis -- Cycle Analysis.

Advanced Studies -- The Technician's Creed -- Summary -- Chapter 12: The Toolbox Approach -- General Principles -- A KIS Toolbox -- The Goodman Swing Count System -- GSCS Rules -- "3C" Stands for Carryover, Compensation, and Cancellation -- The Nofri Congestion Phase Method -- Pugh Swing Chart Formations -- A Moving Average and Oscillator Battery -- Contrary Opinion -- Volume -- Open Interest -- Heuristics -- Summary -- Chapter 13: The FOREX Marketplace -- Organizing Your Bookmarks -- Cross-Category Services -- Portals, Forums, Reviews -- Charting and Technical Services -- FOREX Education -- Trading Signals and Software -- News, Announcement Services, and Calendars -- Live Data Streams -- Historical Data -- System Development Tools -- FOREX Managed Accounts -- Peter Panholzer -- Odds and Ends -- Summary -- Part IV: The Complete FOREX Trader -- Chapter 14: Psychology of Trading -- The Trading Pyramid -- Fear and Greed, Greed and Fear -- Profiling -- The Attitude Heuristic -- Characteristics of Successful Traders -- Summary -- Chapter 15: Money Management Made Simple -- Breaking Even- The Belgian Dentist -- Expectations -- Trader Profiles -- Parameters for Trader Profiles -- The Trade Campaign Method (TCM) -- Calculating TCM Profit and Loss -- Stop-Loss Orders- A Brief Discussion -- Selecting Markets -- Summary -- Chapter 16: Tactics and Strategy -- Trending and Trading Markets -- Market Environments (ME) -- Directional Movement (DP) and Volatility (V) -- Price and Time Rhythm (PR and TR) -- Thickness (T) -- Shape (S) -- Pretzels (PZ) -- ME Applications -- The Three Chart System -- The Dagger Entry Principle -- Sitting on Your Hands -- Time Filters -- Trading the News -- Going Against the Crowd -- Trading Methods -- The Flyer -- Bathtub Analysis -- Summary -- Chapter 17: When and How to Regroup -- Common Trading Errors -- Performance Review.

Heuristics Review -- When to Say Uncle -- Summary -- Chapter 18: For the Record -- Type of Records -- The Rogers Method -- The SnagIt Tool -- Planning Records -- Summary -- Part V: Extra for Experts -- Chapter 19: Options and Exotics -- Options -- An Options Primer -- Basic Options Terms -- The Pros and Cons of Options -- The Four Basic Options Strategies -- Purchasing and Writing Options -- Advanced Options Strategies -- The Retail FOREX Options Landscape -- Options for Trading -- Options for Money Management -- Exotics -- Trading Exotics -- Summary -- Chapter 20: The Final Frontiers -- Rollovers -- Hedging -- Arbitrage -- Pros and Cons of Arbitrage -- Artificial Intelligence -- Complexity Theory Models -- The Trend Machine -- Automated Trading and Robots -- A Last Word -- Appendix A: How the FOREX Game Is Played -- Market Makers -- Appendix B: Retail FOREX Regulations- CFTC Reauthorization Act of 2005 -- SECTION 1. SHORT TITLE. -- TITLE I- GENERAL PROVISIONS SEC. 101. COMMISSION AUTHORITY OVER AGREEMENTS, CONTRACTS OR TRANSACTIONS IN FOREIGN CURRENCY. -- SEC. 102. ANTIFRAUD AUTHORITY. -- 'SEC. 4b. CONTRACTS DESIGNED TO DEFRAUD OR MISLEAD. -- Appendix C: List of World Currencies and Symbols -- Appendix D: Major Currency Cross Rates -- Appendix E: Euro Currency Unit -- Appendix F: Time Zones and Global Banking Hours -- Appendix G: Central Banks and Regulatory Agencies -- Appendix H: Resources -- Periodicals -- Books -- Web Sites -- Glossary -- Index.