“Forex Trading Manual” is a comprehensive guide designed for both novice and experienced traders looking to navigate the complexities of the foreign exchange market. This 141-page manual covers a wide range of topics to provide a solid foundation in Forex trading, focusing on both fundamental and technical analysis. Readers will gain insights into the history of foreign exchange, its development, and the factors that have influenced the growth of this global market.
The book delves into major currencies such as the U.S. Dollar, Euro, Japanese Yen, British Pound, and Swiss Franc, explaining their roles in global finance. It also covers various exchange systems, including trading with brokers, direct dealing, and dealing systems. Readers will learn about the function of central banks, with a particular focus on the Federal Reserve System of the USA and central banks from the G-7 countries.
In later chapters, “Forex Trading Manual” offers an in-depth look at different types of foreign exchange markets, such as the spot, forward, and futures markets. The manual also explores currency options and provides a detailed analysis of economic indicators that influence exchange rates, including the Gross National Product (GNP), inflation indicators, and employment data.
For those interested in technical analysis, the book discusses chart types, trends, support and resistance levels, and key reversal patterns. It also covers advanced topics such as mathematical trading methods, the Fibonacci analysis, and Elliott Wave theory. Furthermore, the manual addresses the risks associated with Forex trading, including exchange rate risk, interest rate risk, and credit risk.
This manual is an essential resource for anyone looking to succeed in the dynamic world of Forex trading, equipping readers with the necessary tools to navigate this complex financial landscape effectively.
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