Technical Analysis of
the Currency Market
by Boris
Schlossberg
     
 
Technical Analysis of
the Currency Market by Boris Schlossberg
From the Inside
Flap
Global currency markets combine unparalleled leverage, high
short-term volatility, low execution costs, and significant
long-term trends in an atmosphere of laissez-faire regulatory
oversight to create the nearly perfect trading environment.
Multinational corporations and multibillion-dollar hedge funds
have long relied on these markets to efficiently hedge risk
while taking advantage of its many rapid profit
opportunities.
Now, with Internet services
and networks providing direct access to the interbank foreign
exchange market, retail speculators of all sizes and bankrolls
are discovering the profitable advantages of FX trading.
Technical Analysis of the Currency Market shows you how to
combine classic technical analysis tools with hard-won
knowledge of FX market trends, trading ranges, and player's
behaviors to dramatically expand and improve your trading
possibilities.
This dynamic and
all-inclusive FX trading primer provides you with a practical,
market-proven arsenal of currency trading weapons and solid
tactical knowledge. From a focused look at how the FX market
works to specific trading setups designed to produce
high-probability profits in the widest possible range of market
situations, Technical Analysis of the Currency Market
explores:
- Important similarities
and differences between the FX market and equity, option,
and other financial markets
- Five key themes that
drive the currency markets and which technical tools
traders can use to best exploit them
- Technical analysis
insights and examples for both trend and range trading
setups
- Five chart patterns,
well known to equity analysts, that have proven effective
in currency trading
- Oscillator strategies
for spotting quickly developing divergences between
momentum and price
- Methods for spotting
common price patterns that are the building blocks for
understanding and interpreting price flow
Many of today's most
successful traders garner the bulk of their profits in the
currency market. Technical Analysis of the Currency Market will
show you how to eliminate costly learning-curve mistakes
and—whether you are new to currencies or a seasoned trader—give
you the skill and confidence you need to carve out a small but
profitable niche in the global currency market.
From the Back
Cover
Proven currency-specific trading strategies
from one of today's top currency analysts
"If you trade currency, then
you need to have this book on your desk. It's the only book you
need for technical analysis of the fastest-moving market on the
planet."
—Rob Booker, Currency Trader, W.R. Booker &
Company
"In plain English,
Schlossberg lays out the basics in using technical analysis to
trade foreign currencies, from the fundamentals of how the FX
market works to the variety of technical strategies and trade
management techniques traders can employ. Along the way, he
offers entertaining examples and observations as well as
simple, easy-to-read charts and diagrams. Anyone interested in
getting started in the hugely popular FX market would do well
to begin with this book."
—Sarah Rudolph, Executive Editor, SFO Magazine
"Boris Schlossberg has done a
fabulous job with this book. It's packed with insightful tips
and strategies that are sure to save traders a lot of time and
money."
—Cory Janssen, CoFounder, Investopedia.com
"Schlossberg's book is a
great resource for traders just starting out in currency
markets. His focus on simplicity is critical for a new trader's
education on how to make money."
—Andrew B. Busch, Global FX Strategist, BMO Financial Group
About the
Author
BORIS SCHLOSSBERG serves as Senior Currency
Strategist with Forex Capital Markets in New York, one of the
largest retail forex market makers in the world. He is a
frequent contributor to SFO magazine, cowriter for the FX
section of Investopedia.com, and coeditor of the Money Trader
newsletter. Mr. Schlossberg is a regular speaker at trading
conferences and commentator for CBS MarketWatch, Reuters,
Bloomberg, and CNBC. Schlossberg has been an independent trader
since 1999, trading a variety of instruments including stocks,
options, futures, and currencies.
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