Table of Contents

About The Author Preface Introduction PART I - TRADING FOREX 1. Getting started Unique Characteristics of the Forex Market Investing vs Trading Trading Time Frames Warming Up - Opening an account - Currency codes - Currencies are traded in pairs - Trade size - Pips - Reading forex rates - Understanding rollover - What sort of leverage can I get? - Trading - Volatility - Common types of order How to Choose a Broker Forex Trading Is A Serious Business A Day in the Life of a Full-Time Forex Trader 2. Spot Forex Market Structure Market Players - Banks - Large companies - Central banks - Institutional investors/speculators - Forex brokers How the OTC Structure Affects Self-Directed Traders Summary 3. How To Overcome The Odds Of Trading Forex Mind - Do You Have the Mental Strength? - Fear and Greed - Face And Control Your Fears - Focus On the Big Picture Money - Preserve Your Capital - Be Well-Capitalized - Cap Your Losses and Get Your Profits Method - The old question: technicals or fundamentals? - Method is malleable Summary 4. The Ten Rules of Trading Forex PART II - STRATEGIES Strategy 1 - Market Sentiment What Is Market Sentiment? What Factors Influence Market Sentiment? - Interest rates - Economic growth - Geopolitical risks Ways of Measuring Market Sentiment 1. Commitment Of Traders (COT) report 2. Market's reactions to news Summary Strategy 2 - Trend Riding Time Frames of Trends Trend Directions Stages of a Trend Using Currency Price Charts - Trendlines - Measuring trend strength Technical Execution Of The Strategy Summary Strategy 3 - Breakout Fading The Crowd Likes to Trade Breakouts Why Most Breakouts Fail Tricks of Institutional Dealers and Traders - Lack of fresh blood Identifying The Opportunities - Where potential fakeouts occur - Chart patterns - Best market condition to fade breakouts Summary Strategy 4 - Breakout Trading Types of Breakouts Measuring Reversal Breakouts Identifying the Opportunities - Where potential breakouts occur - Chart patterns Filtering False Breakouts Summary Strategy 5 - Decreased Volatility Breakout The Volatility Rollercoaster Ways of Measuring Volatility 1. Moving average 2. Bollinger bands Triangles - Identifying the particular type of triangle - Technical execution of the strategy - Further strategy enhancement Summary Strategy 6 - Carry Trade What Is A Carry Trade? More Money Will Follow The Money Factors Supportive Of Carry Trades Risks Involved In Carry Trade Points of Entry Summary Strategy 7 - News Straddling The Importance of News Market's Reaction to News Identifying the Opportunities Single out market-moving news Note the schedule of news releases Which currency pair to trade for this strategy? Technical considerations Summary Appendices Forex Glossary Currency Codes Major Regulatory Agencies

About the Author

Grace Cheng is an investor and FOREX trader, and is the co-founder and chief editor of DailyMarkets.com - a financial community weblog dedicated to 24/7 breaking news and market opinions from traders, money managers and investors. Inspired by veteran investor Jim Rogers' adventurous spirit of traveling around the world, in 2007 and 2008, she fulfilled her dream of travelling around the globe from the US, South America, Europe to Africa to Asia for a year, without missing a day of work, proving that in this day and age, one can achieve financial independence without being tied to an office chair. Grace is a contributor to major print, radio and television media including Technical Analysis of Stocks & Commodities, Your Trading Edge and Investopedia. She has also been featured in the media in the US, UK and Asia and quoted on Reuters and Dow Jones. Her popular online PowerFX Course has taught thousands of traders worldwide. Visit: www.DailyMarkets.com