Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading Book

1. The Truly Modern Market.

A Market for the 21st Century 

Opportunity Is Knocking

Everybody’s Talking About It

Endnotes

2. The Currency of Trading in Everyday Life.

A Fact of Life

Keeping Up with the Rates

The Sun Never Sets on Forex

Noodles in the Morning

Laos for Lunch

Odessa at Dusk 

Back in a 9-to-5 Market

3. The History of Forex (and Why You Should Care).

The Beautiful Market

Lessons of History

The Roots of Modern Currency

The Clash Between Governments and Markets

Trends That Rocked the Forex World

The Rise and Fall of the Modern Gold Standard

The Rise of the Euro

The Internet Trade Revolution: Banks Hated It, Speculators Loved It, and the Market Demanded It

Seeing the World Through Forex 

Endnotes

4. The Basics of Foreign Exchange.

    Spot

Quotes

Majors

Cross Rates

Pips

Bid/Ask 

Lot

Mini Lot

Basic Tools of Training

Positions

Market Order

Limit Order

Stop Order

Order Cancels Other

Stop-Limit Order

Rollovers

Interest Rate Differentials, or Rollover Charge

Leverage

Controlling Leverage

Initial Margin

Margin Call

Commissions

Graphic: Calculations for the Spot Market

Forex Regulators

SFBC

IDAC

SFC

FSA

ASIC

CFTC and NFA

NFA

Forex Designations

Forex Dealer Members

Futures Commission Merchants

Introductory Brokers

Commodity Trading Advisers

Brokers

Managed Accounts

5. Forex Trading Vehicles.

Forwards and Futures

Options

Swaps

Derivatives and the Forex Market

The Interbank Market

Endnotes

6. Tools and Strategies to Get Started.

Gut Check: What It Takes to Be a Forex Investor

What Are MyInvestment Goals, and Are They Realistic?

What Is My Capacity for Risk?

Time Investment

Before You Trade

Doing a Test Run 

Strategy: Creating an Approach Model

7. Forex from the Inside.

8. Inside a Forex Platform.

Searching for the Right Platform

    Doing Your Homework 

Retail Platforms 

Trading Mechanisms

   Hub and Spoke Trading

Request for Quote (RFQ)

Click and Deal

News

Charts

Research

Things to Look Out For 

Requotes

Network Connection

Getting the Best Price

Safety

My Trading Room

Information Sources

Important Numbers

Forex Retail Platforms

Protecting Yourself

Avoiding Fraud

   The Firm Promises a Free Lunch

   The Trader Uses Terminology You Don’t Fully  - Understand

   The Firm Claims To Trade in the “Interbank Market”

   The Firm is Using the Hard Sell via the Internet

   The Firm is Vague and Little Information is Available

9. Trading Inside the 24-Hour Storm.

Working Around the Clock

Defining Your Trading Strategy

Contingency Plans

Cut Losers

Pigs Get Slaughtered

Overleveraging and Overtrading

Watch the Markets

Don’t Walk Away

Review the Market

Market Manipulation

Just Because You’re Not Paranoid Doesn’t Mean They Aren’t Out to Get You

Flatline Your Emotions

Trade with Your Personality

Filter Information

Avoid Bias

10. What Moves the Markets: Basic Fundamental and Technical Trading Strategies.

Watch Your Fundamentals

Old Versus Fresh News

Market Movers

Governments

Important Currencies

The U.S. Dollar

The Euro

The Yen

The British Pound

The Swiss Franc

Other Currencies

The Yuan

The Won

The Real

The Rand

The G7

Central Banks

The U.S. Federal Reserve

The European Central Bank

The Bank of England

The Bank of Japan

The International Monetary Fund

Private Financial Institutions

Corporations

Speculators

Monetary Policy and Interest Rates

Inflation

Gross Domestic Product

  (Un)Employment

The Beige Book

Government Spending and Taxes

Government Attitude

Equilibrium: “Parity”

Trade Balance

Political and Social Environment

    Currency Board or Peg

Subjectivity

Technical Analysis

Determing the Trend

Support and Resistance

Chart Patterns

Fibonacci Pattern

Elliot Wave Theory

Gann Angles

Andrews Pitchfork

Indicators 101

Moving Average

Moving Average Convergence/Divergence (MACD)

Relative Strength Index (RSI)

Stochastic Oscillator

Bollinger Bands (BB)

Parabolic Stop and Reversal (SAR)

Average Directional Index (ADX)

Starter Technical Model

Scalping

Technical or Fundamental?

Endnotes

11. Black Swans and Rogue Traders.

The Inherent Instability in the Forex Market

The Tequila Crisis

The Asian Crisis

Breaking the Bank of England

Interventions

Scams and Rogue Traders

Russia Devalues the Ruble

12. Trends and the Yuan.

Forex Will Not Just Get Bigger; It Will Get More Respect

Globalization and the War on Terror

The Chinese Dragon and the Indian Tiger

ASEAN

The Euro: Can It Hold?

The Growth of Free-Trade Blocks

The U.S. Dollar

Endnotes

Appendix.

Index.