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The CURRENCY MARKET LIEN Cover $70.00 USA/$77.00 CAN (continued from front flap) SECOND EDITION goes far beyond what other currency trading books DAY TRADING & SWING TRADING the CURRENCY MARKET LIEN cover. It delves into consistently critical questions such as “What Are the Most Market-Moving Indicators for the Praise for the First Edition MARKET TRADING the CURRENCY TRADING & SWING DAY SECOND EDITION n only a few short years, the currency/foreign ex- U.S. Dollar” and “What Are Currency Correlations and “I thought this was one of the best books that I had read on FX. The book should change (FX) market has grown signifi cantly. With How to Use Them,” while touching on topics like “How be required reading not only for traders new to the foreign exchange markets, to Trade like a Hedge Fund Manager” and “The Impact institutions and individuals driving daily average Technical and Fundamental Strategies to Profit from Market Moves Market from Profit to Strategies and Fundamental Technical I but also for seasoned professionals. I’ll defi nitely be keeping it on my desk for volume past the $3 trillion mark, there are many profi t- of Seasonality in the Currency Market” that could give reference. The book is very readable and very educational. In fact, I wish that able opportunities available in this arena—but only if you a distinct edge in this competitive arena. Kathy’s book had been around when I had fi rst started out in FX. It would have ;8PKI8;@E> you understand how to operate within it. Filled with proven trading strategies as well as detailed saved me from a lot of heartache from reading duller books, and would have statistical analysis, the Second Edition of Day Trad- saved me a lot of time from having to learn things the hard way. I look forward to That’s why Kathy Lien—Director of Currency Re- ing and Swing Trading the Currency Market will help reading other books from her in the future.” search for one of the most popular Forex providers in you achieve unparalleled success in the most actively —Farooq Muzammal, Head of Foreign Exchange, MAREX Capital the world—has created Day Trading and Swing Trad- traded market in the world. JN@E>KI8;@E> ing the Currency Market, Second Edition. Written for “Kathy’s book is an indispensable tool for Forex traders, whether you are a pro- both the experienced and aspiring trader, this updated KATHY LIEN is the Director of fessional or novice. It not only lays the groundwork for an in-depth understanding guide outlines the essential elements of the FX market Currency Research at Global Forex of Forex trading, it also contains numerous fundamental and technical strategies and reveals the latest trends, data, and strategies that Trading, Division of Global Futures . I suspect that many traders will be keeping Kathy’s book within arm’s reach k_\:LII<E:P all traders, particularly day and swing traders, need to & Forex, Ltd. She is responsible for for many years to come.” be aware of in order to excel in this fast-moving fi eld. providing research and analysis, in- —Eddie Kwong, Executive VP/Editor in Chief, Tradingmarkets.com cluding technical and fundamental After an engaging introduction to how the foreign ex- research reports, market commen- “In Day Trading the Currency Market, Kathy Lien provides traders with unique, change market has evolved over the last few years and taries, and trading strategies. Prior thoughtful, and profi table insight on trading this exciting market. This book D8IB<K a look at some of its historical milestones, this book to joining GFT, Lien was the chief strategist of DailyFX. should be required reading for all traders, whether they are novices to Forex or :fdgc\k\cp quickly moves on to address the innovative trading experienced professionals.” com and an associate at JPMorgan Chase, where I\m`j\[ insights that will enhance your profi tability within she worked in cross-markets and foreign exchange —Cory Janssen, cofounder, Investopedia.com today’s FX market. Page by page, you’ll become trading. She has vast experience within the interbank Lg[Xk\[ familiar with: market using both technical and fundamental analysis “There are aspects to trading currencies that are different from trading equities, to trade FX spot and options. She also has experience options, or futures. In this book, Kathy Lien provides deep insight into all the • New technical trading strategies, which include how trading a number of products outside of FX, includ- mechanisms that take place in the currency markets. Any currency trader will to trade news, effectively time market turns, and ing interest rate derivatives, bonds, equities, and fu- gain more confi dence in their trading after reading this book.” capture new shifts in momentum tures. Lien has written for Active Trader, Futures, and —Jayanthi Gopalakrishnan, Editor, • Proven fundamental trading strategies, which involve SFO magazines and is frequently quoted on CNBC, Technical Analysis of Stocks & Commodities trading off commodity prices, fi xed income instru- Bloomberg, Fox Business, and Reuters. She is also ments, and option volatilities; as well as intervention- the author of the fi rst edition of Day Trading the Cur- “Kathy has done a brilliant job with this book. She speaks directly to traders based trades and macro event-driven trades rency Market as well as Millionaire Traders, both of and gives them guidance to improve their performance as Forex traders. I took • The unique characteristics of each major currency which are published by Wiley. some notes and ideas from the book myself that are going to be very useful for pair—from when they are most active to what drives my business.” their price action Jacket Design: Loretta Leiva —Francesc Riverola, CEO and founder, FXstreet.com • Trading through different market conditions, by fi rst Jacket Photograph: © Getty Images profi ling a trading environment and then applying K\Z_e`ZXcXe[=le[Xd\ekXcJkiXk\^`\j specifi c indicators for that environment • And much more kfGif]`k]ifdDXib\kDfm\j Both informative and accessible, the Second Edition of B8K?PC@<E Day Trading and Swing Trading the Currency Market Director of Currency Research at GFT (continued on back flap) EAN: 9780470377369 ISBN 978-0-470-37736-9 7700++ DDVVDD’’ss FFOORR SSAALLEE && EEXXCCHHAANNGGEE www.traders-software.com www.forex-warez.com www.trading-software-collection.com www.tradestation-download-free.com Contacts [email protected] [email protected] Skype: andreybbrv P1: JYS fm JWBK299-Lein September 23, 2008 9:43 Printer: Yet to come ii P1: JYS fm JWBK299-Lein September 23, 2008 9:43 Printer: Yet to come Day Trading and Swing Trading the Currency Market i P1: JYS fm JWBK299-Lein September 23, 2008 9:43 Printer: Yet to come Founded in 1807, John Wiley & Sons is the oldest independent publish- ing company in the United States. With offices in North America, Europe, Australia and Asia, Wiley is globally committed to developing and market- ing print and electronic products and services for our customers’ profes- sional and personal knowledge and understanding. The Wiley Trading series features books by traders who have survived the market’s ever changing temperament and have prospered—some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future. For a list of available titles, visit our Web site at www.WileyFinance.com. ii P1: JYS fm JWBK299-Lein September 23, 2008 9:43 Printer: Yet to come Day Trading and Swing Trading the Currency Market Second Edition Technical and Fundamental Strategies to Profit from Market Moves KATHY LIEN Director of Currency Research, GFT John Wiley & Sons, Inc. iii P1: JYS fm JWBK299-Lein September 23, 2008 9:43 Printer: Yet to come Copyright C 2009 by Kathy Lien. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002.
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