... (Michael Duane)
Getting started in currency trading : winning in today’s Forex market /
Michael Duane Archer. – 3rd ed.
p. cm. – (Getting started in series)
Includes index.
ISBN 9 78- 0-470-60212-6 ... IN
CURRENCY
TRADING
MICHAEL DUANE ARCHER
WINNING IN TODAY’S FOREX MARKET
THIRD EDITION
INCLUDES COMPANION WEB SITE
GETTING STARTED IN
CURRENCY TRA...
... (No Dealing Desk), the trading platform,
and all the tools—requoting, pip spreads, trading rules, dealer intervention,
accepting or canceling trades—all for the supposed purpose of maintaining an
orderly ... you to an automated mailing list. Six
years after writing the first pages of the first edition of Getting Started in
Currency Trading, I continue to be amazed by the inabilit...
... new
trading idea.
MB Trading
www.mbtrading.com
This company was originally EFgroup—which was an IB for MB Trading.
MB re-acquired EFgroup in 20 08. They are an ECN.
They are currently phasing in ... following information at
your side; it may either be handwritten or copied from the broker web site:
FIGURE 8. 1 Funding Options
Chapter 08_ [85 -90].qxd 2/24/10 10:11 PM Page 88
GETT...
... ignore impending economic data, critical political
decisions, or the myriad of societal issues that influence prices.
Bearing in mind that the financial underpinnings of any country, trading
bloc, ... related to interest rates
and international trade is analyzed closely.
Interest Rates
If there is an uncertainty in the market in terms of interest rates, then any devel-
opments regar...
... 13_[157-1 78] .qxd 2/24/10 10:12 PM Page 1 58
A Trader’s Toolbox
For a more comprehensive discussion of developing both a toolbox and a
trading program, see Getting Started in Forex Trading Strategies ... will soon offer a FOREX contrary
opinion tool.
More on this subject in the section “Going Against the Crowd” in
Chapter 18, “Improving Your Trading Skills.” Trolling the...
... minutes of each new session just catching up and getting back in
the groove. See Figure 15 .8 for an example of such a chart. Again, how you
annotate it is going to be based on your own trading ... Primary Swing Two P2A, P2B, P2C
Matrix by Points or Swings - from largest to smallest
1-2-3-(4), A-B-C-(D), W-X-Y-(Z)
Points of a Swing
P1 = Beginning Point
P2 = 50% Point / TE
P3 = End Poin...
... session. Trading when not in top form is
asking for financial injury in the same way driving drunk is asking for physical
injury. Leverage is to FOREX what speed is to driving.
The line between winning ... simply trending or trading. Further, trending and trading are
relative. A five-minute chart of the EUR/USD may be trading while an hourly
chart may be trending. (See Figure 1...
... real-time trading. Most were tested on simplistic market
environments (trading markets, trending markets) and failed when the real-time
market morphed into a different environment.
I am reminded ... legitimate business
transaction involving currency risk.
For speculation, options can be used as either a trading instrument or as a
money management tool paired with spot FOREX tradi...