What Are Forex Pivot Points?

This book is edited by James Chen, chief technical strategist of Global Asia FX Solutions. This book introduces the reader to the foreign exchange market trading mechanism, the latest analysis tools and technologies of the foreign exchange market, and the fundamental analysis techniques of foreign exchange transactions in a clear and simple way. transaction. This book is not only an introductory book for beginners of foreign exchange trading, but also can guide the trading methods and fund management strategies of foreign exchange masters.

Forex trading must read

Editor-in-chief: Zheng Quan

Folio: 16K Pages: 220

Publisher: Renmin University of China Press

ISBN: 978-7-300-12878-8 CIP Classification: III. Foreign Exchange Market-Basic Knowledge

IV. F830.92

The world's top foreign exchange dealers, the highest standards in the world's foreign exchange trading industry

FX Solutions Exclusively Decrypts Forex Trading Success Rules

Disclose the workings of the world's largest, most liquid and least known trading market

This book is as clear and concise as the candle chart. Whether you are a novice in the foreign exchange market or an experienced foreign exchange expert, it can provide you with the best trading methods and fund management strategies. I really recommend this book to you. -Steve Nissan (Chartered Market Technical Analyst, Author of "Japanese Candle Chart Technology")

The author of this book is an excellent guide who shows you the internal operation mechanism of this huge international trading market in clear and concise language. Joseph Trevisani (Chief Market Analyst , Global Asia FX Solutions)

This book is awesome! The author has extensive experience in the field, his book shines with wisdom everywhere, and the book is not obscure, it is interesting and straightforward to read. James Chen has written many books on foreign exchange trading before, and this time he added new content. In this book, he includes insightful comments from some of the top trading experts in the forex market. This is a must-read book. -Ed Ponce (Chairman of FXEducator, author of "Forex Patterns and Probability")

Chapter 1 Introduction to Forex Trading

Make money by trading currencies

Strike gold standard

Retail sale

Large and liquid foreign exchange market

24 major foreign exchange markets are open 24 hours

Major currency pairs for Forex trading

High leverage in forex trading

Forex market participants

Factors driving the foreign exchange market

What to learn from this book

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Chapter 2 Foreign Exchange Trading Mechanism

Currency pair

Go long and go short

Market order

Entry order

Stop Loss Order and Trailing Stop Loss Order

Limit Order

Exit order

Deal size: hands

Leverage margin and leverage

Margin call

base point

Spreads and commissions

interest

Hedge

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Chapter 3 Technical Analysis: Forex Trading Tools

Technical analysis: explaining price behavior

Bar and candle charts

Time period

Support and resistance

trend

Trend lines and trend tracks

Moving average

Candlestick pattern

Pattern of Western Forex Chart

Change indicator

Fulcrum

Fibonacci retracement series

Elliott Wave

Points chart

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Chapter 4 Fundamental Analysis: Factors Driving the Foreign Exchange Market

Fundamental Analysis: The Basis of Economics

Interest rates for global banks

Risk appetite for market sentiment

Indicators for predicting the future: economic indicators

Economic news and consensus expectations

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Chapter 5 Foreign Exchange Trading Methods and Strategies

Trading Rules

Position trading method: based on long-term

Swing Trading Method: Controlling Volatility

Day Trading Law: Daily Sunrise

Trend Trading: Follow the Trend

Interval Trading: Between High and Low

Breakthrough Trading Law (and Counter-breakthrough Trading Law): Shooting Stars

Shape Trading: Playing Shape Games

Fibonacci and Fulcrum: The Magic Numbers and Self-Fables

Elliott Wave Trading Method: 5/3 Wave Pattern

Deviation from the transaction law: Finding market inflection points

Multi-time cycle trading: timing is everything

Point chart trading method: find breakthrough points

Arbitrage Trading Method: Get Interest

News Trading Law: Keeping an eye on news and economic data

Reverse Trading: Derived from the Hypothetical Trading Philosophy

Backtesting: history itself is duplicated

Automatic Trading Law: Writing Expert Advisors

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Chapter 6 The Rules of Success in Forex Trading

Master the rules of winning

Forex trading is risky

The more abundant the funds in the trading account, the more reliable

Set return-risk ratio

Fixed percentage

Trailing Stop Loss: Loyal Followers

The size of the trading position

Avoid over-trading

Measuring risk with trend lines

Optimistic outlook

Trading psychology is key

Develop a detailed trading plan

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