Forex Study Book For Successful Forign Exchange Dealing(1).pdf

FOREX

STUDY BOOK FOR SUCCESSFUL FOREIGN EXCHANGE

DEALING

Before we begin , let's review what is now being called the "Perfect" trading platform.

eToro Review

About Forex

The Forex market has quickly become the world's largest financial market, with an estimate daily turnover of $3.2 trillion. It is a

market that has great appeal to a financial trader because of its volume which guarantees liquidity. High liquidity means that a trader

can trade whatever currencies he feels like at all times, since there will always be someone to buy and sell any currency he wants.

Another outstanding feature of the forex market is that it is active 24 hours a day and is closed only on the weekends. This means

that unlike the stock market for example, traders in the forex market don't need to wait for a bell to ring, but can make trading

decisions around the clock.

Enter the internet into the equation. Now the forex market is literally at your fingertips. Most brokers offer online trading facilities

which enable you to trade simply by clicking a button, instead of the traditional phone call. The internet has really revolutionized the

industry, making the retail section of the market more dominant than ever.

About eToro

eToro is a forex trading platform developed to cater to the emerging retail segment of the forex market. With its simple style and

exciting trade visualizations, eToro is the perfect platform for a novice trader to get his first forex trading experience. With its great

array of professional forex trading and analysis tools, eToro is also the perfect platform for experts in the field who want to trade

comfortably and reliably. eToro has developed a truly intuitive interface that lets traders concentrate on trading instead of messing

around with bulky and overcomplicated software.

It's important to mention that eToro also offers an educational experience, so novices can gain knowledge of the forex market and

eventually become pros if they're so inclined. eToro offers forex trading guides, forums and video tutorials to facilitate their traders'

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Overall eToro have successfully designed a software that caters to a very wide segment of the forex trading public. eToro is bound

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eToro's features:

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And soon to come:

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Contents

1.Common knowledge about the trading on Forex

1.1. Forex as a aart af the global financial market

Brief data about the Forex rise and development.

The factors caused Foreign Exchange Volume Growth on Forex (Exchange Rate Volatility,

Business Internationalization, Increasing of Traders’ Sophistication, Developments in

Telecommunications, Computer And Programming Development).

The role of the U.S. Federal Reserve System and central banks of other G-7 countries on

Forex.

1.2. Risks by the trading on Forex

1.3. Forex sectors

Spot Market

Forward Market

Futures Market

Currency Options

2. Major currencies and trade systems

2.1. Major currencies

The U.S. Dollar

The Euro

The Japanese Yen

The British Pound

The Swiss Franc

2.2. Trade systems on Forex

Trading with brokers

Direct dealing

3. Fundamental analysis by trading on Forex

3.1 Theories of exchange rate determination

Purchasing Power Parity

Theory of Elasticities

Modern monetary theories on exchange rate volatility

3.2. Indicators for the fundamental analysis

Economic indicators

The Gross National Product

The Gross Domestic Product

Consumption Spending

Investment Spending

Government Spending

Net Trading

Industrial sector indicators

Industrial Production

Capacity Utilization

Factory Orders

Durable Goods Orders

Business Inventories

Construction Data

Inflation Indicators

Producer Price Index

Consumer Price Index

Gross National Product Implicit Deflator

Gross Domestic Product Implicit Deflator

Commodity Research Bureau’s Futures Index

The Journal of Commerce Industrial Price

Balance of Payments

Merchandise Trade Balance

The U.S. – Japan Merchandise Trade Balance

Employment Indicators

Employment Cost Index

Consumer Spending Indicators

Retail Sales

Consumer Sentiment

Auto Sales

Leading Indicators

Personal Income

3.3. Forex dependence on financial and sociopolitical factors

The Role of Financial Factors

Political Crises Influence

4. Technical analysis

4.1. The destination and fundamentals of technical analysis

Theory of Dow

Percent measures of prices reverse

4.2. Charts for the technical analysis

Kinds of prices and time units

Kinds of charts

Line Chart

Bar Chart

Candlestick Chart

4.3. Trends, Support and Resistance lines

Trend Line and Trade Channel

Lines of Support and Resistance

4.4. Trend Reversal patterns

Head-and-Shoulders

Inverted Head-and-Shoulders

Double Top

Double Bottom

Triple Top

Triple Bottom

Round Top, Round Bottom, Saucer, Inverted Saucer

4.5. Trend Continuation patterns

Flags

Pennants

Triangles

Wedges

Rectangles

4.6. Gaps

Common Gaps

Breakaway Gaps

Runaway Gaps

Exhaustion Gaps

4.7. Mathematical trading methods ( Technical indicators)

Moving Averages

Envelops

Ballinger Bands

Average True Range

Median Price

Oscillators

Commodity Channel Index

Directional Movement Index

Stochastics

Moving Average Convergence-Divergence (MACD)

Momentum

The Relative Strength Index (RSI)

Rate of Change (ROC)

Larry Williams’s %R

Indicators combination

Ichimoku Indicator

5. Fibonacci constants and Elliott waves theory

5.1. Fibonacci constants

5.2. Elliott wave theory

References

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