Forex Trading Secrets: Trading Strategies for the Forex Market

Be the first to write a review
Pick Up In Store

Pick Up in Store

Reserve and pick up in 60 minutes at your local store

Hardcover
$24.65
BN.com price
$34.95 List Price (Save 29%)
Marketplace (New and Used)
from
$7.92
$34.95 List Price (Save 77%)
Usually ships in 1-2 business days
All (13)  
Used (5)  
New (8)  
Close
Sort by
Page 1 of 2
Showing 1 – 10 of 13 (2 pages)
$7.92
(Save 77%)
Buybreak
Seller since 2010

Feedback rating:

(359)

Condition:

New — never opened or used in original packaging.

Like New — packaging may have been opened. A "Like New" item is suitable to give as a gift.

Very Good — may have minor signs of wear on packaging but item works perfectly and has no damage.

Good — item is in good condition but packaging may have signs of shelf wear/aging or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Acceptable — item is in working order but may show signs of wear such as scratches or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Used — An item that has been opened and may show signs of wear. All specific defects should be noted in the Comments section associated with each item.

Refurbished — A used item that has been renewed or updated and verified to be in proper working condition. Not necessarily completed by the original manufacturer.

New
Brand New Book, Unread, Tight Binding, May have some shelf wear or remainder mark. Prompt shipping, buy with confidence.

Ships from: Deer Park, NY

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$12.88
(Save 63%)
Extremely_Reliable
Seller since 2007

Feedback rating:

(3184)

Condition: Good
Buy with confidence. Excellent Customer Service & Return policy.

Ships from: Richmond, TX

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
$13.56
(Save 61%)
Lumahai3
Seller since 2007

Feedback rating:

(61)

Condition: Like New
2010. Mcgraw-Hill. Hardcover. Excellent condition.

Ships from: Makawao, HI

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$19.17
(Save 45%)
SuperBookDeals-
Seller since 2008

Feedback rating:

(14101)

Condition: New
Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.

Ships from: South Bend, IN

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
$19.18
(Save 45%)
Great Book Deals
Seller since 2008

Feedback rating:

(12283)

Condition: New
Absolutely Brand New & In Stock. 100% 30-Day Money Back. Direct from our warehouse. Over 5+ Million Customers served. In business since 1997. Happy Customers is Our #1 Goal. ... Customer Service toll free upport Monday-Friday EST Hrs. 4 to 14 business day Delivery Time by US Post Office. Read more Show Less

Ships from: Oldsmar, FL

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
$19.75
(Save 43%)
Sandman Book Company
Seller since 2010

Feedback rating:

(87)

Condition: Good
007166422X Used, in good condition. Book only. May have interior marginalia or previous owner's name.

Ships from: Punta Gorda, FL

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$19.75
(Save 43%)
Crashing Rocks Bookstore
Seller since 2012

Feedback rating:

(9)

Condition: Good
Hardcover Good 007166422X Used, in good condition. Book only. May have interior marginalia or previous owner's name.

Ships from: Punta Gorda, FL

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$20.40
(Save 42%)
indoo
Seller since 2007

Feedback rating:

(21684)

Condition: New
BRAND NEW

Ships from: Avenel, NJ

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
$21.90
(Save 37%)
ExpeditedBooksUS
Seller since 2010

Feedback rating:

(887)

Condition: New
Shipped from US. Express shipping in 3 to 6 business days. Standard shipping in 4 to 14 business days. Established seller since 2000

Ships from: Aurora, IL

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$21.90
(Save 37%)
PaperbackshopUS
Seller since 2009

Feedback rating:

(4793)

Condition: New
Shipped from US in 4 to 14 business days. Established seller since 2000

Ships from: Aurora, IL

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
Page 1 of 2
Showing 1 – 10 of 13 (2 pages)
Close
Sort by
NOOK Book (eBook)
$19.22
BN.com price
$34.95 List Price (Save 45%)

Available on NOOK devices and apps

  • Nook Devices
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for iPad
  • NOOK for iPhone
  • NOOK for Android
  • NOOK for Android (Tablet)
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK Study
  • NOOK for PC
  • NOOK for Mac

Want a NOOK? Explore Now

More About This Book

Overview

Just a decade ago, the Foreign Exchange

was a market reserved for a select few.

Now, anyone can actively trade in this profitable

market—even those with no formal financial

education. Enter James Dicks, a leading FOREX

expert and educator who cut his teeth in this

burgeoning market and wants to share his years

of experienced wisdom with you.

FOREX Trading Secrets is a one-stop sourcebook

packed with everything a trader needs

to quick-start success in a 24-hour market. In

addition to covering every fundamental aspect

of the FOREX, this hands-on guide provides

hard-won tools and strategies from a seasoned

trader, who helps you minimize your exposure to

the inherent risk in this unique market.

A useful volume you’ll turn to again and again,

FOREX Trading Secrets features specific examples

of proven trading strategies working in the

real world, a simple and profitable technique for

money management, and confidence-building

skills for creating your own source of income.

If you have never traded the FOREX before,

FOREX Trading Secrets is the place to start. It

covers the essential basics, including all major

currency pairs, the mechanics of trading, how to

place a trade, and deciding what type of trader

you are. Experienced traders gain expert insight

into the fundamentals, as well as such advanced

topics as creating a successful trading plan,managing risk, mastering your emotions, and

building your portfolio. You will benefit from

  • An insider’s clarification of the

    Carry Trade

  • Seeing technical indicators and

    patterns through a master’s eyes

  • The secrets to FOREX diversification
  • A detailed explanation of the author’s

    personal trading approach

  • A Trader’s Ten Commandments

There is no holy grail of FOREX trading, but with

FOREX Trading Secrets, all you need is practice

to build a powerful trading toolbox for wealth

security in the world’s biggest financial market.

Product Details

  • ISBN-13: 9780071664226
  • Publisher: McGraw-Hill Companies, The
  • Publication date: 1/14/2010
  • Edition number: 1
  • Pages: 304
  • Sales rank: 825,939
  • Product dimensions: 6.10 (w) x 9.10 (h) x 1.20 (d)

Meet the Author

James Dicks is president and CEO

of a group of financial companies, including

PremierTrade, LLC. He founded FOREX Made

Easy, the largest introducer of spot retail FOREX

customers in the United States. For more information, visit

www.JamesDicks.com.

Table of Contents

Preface xi

Acknowledgments xiii

Disclaimer xv

Introduction xvii

Part 1 The Basics 1

1 What You Must Know to Get Started 3

Back to the Basics: A History of the Forex 3

Forex versus Stocks 7

Forex versus Futures 9

2 Major Currencies and Pairs 11

The U.S. Dollar 11

The Euro 12

The Australian Dollar 12

The Canadian Dollar 13

The British Pound 13

The Swiss Franc 14

The Japanese Yen 14

The New Zealand Dollar 15

The Dollar Index 15

The Dow Jones Industrial Average (DJIA) 16

Gold CFDs 16

Crude Oil 17

Cross-Rate Currency Pairs 17

Exotic Currency Pairs 18

Chinese Yuan or Renminbi 18

Swedish Krona 18

Norwegian Krone 19

The Iraqi Dinar 19

3 Anyone Can Learn the Forex 21

Forex 101 21

Opening a Position 21

Trading on Margin 23

Managing a Position 23

Closing a Position 24

Pips and Lots 24

The Lot 27

Order Types 27

Where Is the Market Going? 29

Stops and Targets 32

Spreads and Swaps 33

Technical versus Fundamental 34

4 Preparing Yourself Adequately before Jumping into the Market 37

Forex Trading Accounts 37

Choosing a Broker 38

Tools 47

Who Trades the Forex? 49

What Kind of Trader Am I? 50

Trading Techniques 51

The Trader's Levels of Ascension 55

Part 2 Money Management 59

5 The Secret to Making Money 61

Are You Really Fit to Trade in the Forex Market? 61

Trading Plans 62

Rules and Discipline 67

How the Market Works 73

Rules for Working with the Market 74

Paper Trading 77

6 How to Keep Your Profits 81

Money Management 81

Managing Risk 86

Leverage and True Leverage 87

Overtrading and Overconfidence 89

Overleveraging 91

Trade Expectations 92

Part 3 Trading Psychology93

7 Mastering Emotions 95

Trading Psychology 95

Emotions of Trading 99

How to Get Out of a Bad Trade 105

Become a Pro 110

8 Mind over Matter for Huge Profits 113

Affirmations 113

Power of Networking 117

Part 4 Fundamental Analysis 121

9 Economics 123

What Does Economic Release Mean? 123

Fundamental Analysis 123

Dow Theory 125

Fundamental Indicators 127

Japan's Monetary Policy 137

Forex Currency Carry Trade 139

Interventions 140

Gross Domestic Product (GDP) 142

Trading the News 143

What Are Contrarian Indicators? 145

Part 5 Technical Analysis 147

10 Technical Indicators 149

Technical Analysis 149

Types of Charts Showing Price Action 150

Trend Indicators 162

Market and Volatility Indicators 168

Understanding Oscillators 173

A Unique Indicator: Ichimoku Kinko Hyo 176

Divergences 177

11 Technical Patterns 181

Candlesticks 181

Chartism Patterns 185

Reversal Patterns 186

Continuation Patterns 192

Elliott Waves 203

Harmonic Price Patterns 208

Fractals 214

Trading Naked (Only Price Action) 215

12 Support and Resistance 217

Support 217

Resistance 218

Trendlines 219

Moving Averages 219

Other Indicators 220

Entering Positions 221

Exiting Positions 222

Pivot Points: Do They Work? 222

Psychological Levels 226

Using Multiple Time Frames 228

Trend Is Your Friend 231

13 Automated Trading 233

Expert Advisors and Automatic Programming Interfaces (APIs) 233

Advanced Robots: Neural Networks in the Forex 235

Part 6 Building Your Portfolio 239

14 Secrets to Forex Diversification 241

Forex Options 241

Spot Forex Options 246

Forex Futures 247

Forex Exchange-Traded Funds (ETFs) 248

Contracts for Difference (CFDs) 249

Commodities 250

Indices (Securities) 251

15 My Favorite Ways to Trade 253

Breakouts 253

Channeling 258

Hedging 261

Basic Oscillator-Based Strategy 262

Basic Moving-Average Crosses 263

Trading Gaps 264

Daily High-Low 265

Conclusion 269

Appendix 273

Glossary 289

Bibliography 299

Index 301

Customer Reviews

Be the first to write a review
( 0 )

Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Review Guidelines
Add Recommendations
Your Name: Create a Pen Name or Leave Anonymously

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identiy on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

We're sorry, but penname is already taken.

Please select one of the following:
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

penname is available!

By visiting the BN.com website or marking a purchase on BN.com, a User is deemed to have accepted the Terms of Use.

Continue Anonymously

Welcome, penname

You have successfully created your Pen Name. Start enjoying the benefits of the BN.com Community today.

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)
500 character limit