T2W Trading Community

Chapter Headings

Preface
Acknowledgments

1. Foreign Exchange - The Fastest-Growing Market of Our
Time
- Effects of Currencies on Stocks and Bonds
- Comparing the FX Market with Futures and Equities
- Who Are the Players in the FX Market?

2. Historical Events in the FX Market
- Bretton Woods: Anointing the Dollar as the World Currency
(1944)
- End of Bretton Woods: Free Market Capitalism Is Born
(1971)
- Plaza Accord - Devaluation of U.S. Dollar (1985)
- George Soros - The Man Who Broke the Bank of England
- Asian Financial Crisis (1997–1998)
- Introduction of the Euro (1999)

3. What Moves the Currency Market in the Long Term?
- Fundamental Analysis
- Technical Analysis
- Currency Forecasting - What Bookworms and Economists Look
At

4. What Moves the Currency Market in the Short Term?
- Relative Importance of Data Changes over Time
- Gross Domestic Product - No Longer a Big Deal
- How Can You Use This to Your Benefit?
- A Deeper Look into the FX Market

5. What Are the Best Times to Trade for Individual Currency
Pairs?
- Asian Session (Tokyo): 7 P.M.-4 A.M. EST
- U.S. Session (New York): 8 A.M.-5 P.M. EST
- European Session (London): 2 A.M.-12 P.M. EST
- U.S.–European Overlap: 8 A.M.-12 P.M. EST
- European - Asian Overlap: 2 A.M.-4 A.M. EST

6. What Are Currency Correlations and How Do Traders Use
Them?
- Positive/Negative Correlations: What They Mean and How to
Use Them
- Important Fact about Correlations: They Change
- Calculating Correlations Yourself

7. Trade Parameters for Different Market Conditions
- Keeping a Trading Journal
- Have a Toolbox - Use What Works for the Current Market
Environment
- Step One - Profile Trading Environment
- Step Two - Determine Trading Time Horizon
- Risk Management
- Psychological Outlook

8. Technical Trading Strategies
- Multiple Time Frame Analysis
- Fading the Double Zeros
- Waiting for the Real Deal
- Inside Day Breakout Play
- The Fader
- Filtering False Breakouts
- Channel Strategy
- Perfect Order

9. Fundamental Trading Strategies
- Picking the Strongest Pairing
- Leveraged Carry Trade
- Fundamental Trading Strategy: Staying on Top of
Macroeconomic Events
- Commodity Prices as a Leading Indicator
- Using Bond Spreads as a Leading Indicator for FX
- Fundamental Trading Strategy: Risk Reversals
- Using Option Volatilities to Time Market Movements
- Fundamental Trading Strategy: Intervention

10. Profiles and Unique Characteristics of Major Currency
Pairs
- Currency Profile: U.S. Dollar (USD)
- Currency Profile: Euro (EUR)
- Currency Profile: British Pound (GBP)
- Currency Profile: Swiss Franc (CHF)
- Currency Profile: Japanese Yen (JPY)
- Currency Profile: Australian Dollar (AUD)
- Currency Profile: New Zealand Dollar (NZD)
- Currency Profile: Canadian Dollar (CAD)

About the Author
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