SoftRoomBlog

Top 10 Shortcuts in MetaTrader 4

2012-01-29T00:59:00.000+08:00

I have been helping a lot of customer install, setup and use MetaTrader 4 recently and although its not our preferred platform it defiantly has a place in the trade world for beginners or someone who wishes to have a minimal cost setup. I would even go as far as to say that its a good platform for automated order execution.

I have written this list of my top 10 shortcut keys int MetaTrader 4 that I think are very handy and can defiantly speed up using the platform and make it less of a drag! Like anything if you learn to use your tools properly the rest will come easy…. In theory

Left Arrow — chart scrolling to the left.
Right Arrow — chart scrolling to the right.
Page Up — fast chart scrolling to the left.
Page Down — fast chart scrolling to the right.
F12 — move the chart by one bar to the left.
Shift+F12 — move the chart by one bar to the right.
Ctrl+P — print the chart.
F11 — enable/disable the full screen mode. – This one is great for MetaTrade 4 as it can look a bit clunky sometimes
Ctrl+I — call the “Indicators List” window. – Dealing with indicators all day long this has become my favourite!
Ctrl+N — open/close the “Navigator” window. – Navigator is a handy little tool in MetaTrader 4 but can take up alot of room so this shortcut can save time.

Above are my top 10 but I have included all the others i know exist in MetaTrader 4 below.

Numpad 5 — restoring of automatic chart vertical scale after its being changed. If the scale was defined, this hot key will return the chart into the visible range.
Home — move the chart to the start point.
End — move the chart to the end point.
“-” — chart zoom out.
“+” — chart zoom in.
Delete — delete all selected graphical objects.
Backspace — delete the latest objects imposed into the chart window.
Enter — open/close fast navigation window.
Esc — close the dialog window.
F1 — open this “Userguide”.
F2 — open the “History Center” window.
F3 — open the “Global Variables” window.
F4 — download MetaEditor.
F5 — switch to the next profile.
F6 — call the “Tester” window for testing the expert attached to the chart window.
F7 — call the properties window of the expert attached to their chart window in order to change settings.
F8 — call the chart setup window.
F9 — call the “New Order” window.
F10 — open the “Popup prices” window.
Shift+F5 — switch to the previous profile.
Alt+1 — display the chart as a sequence of bars (transform into bar chart).
Alt+2 — display the chart as a sequence of candlesticks (transform into candlesticks).
Alt+3 — display the chart as a broken line (transform into line chart).
Alt+A — copy all test/optimization results into the clipboard.
Alt+W — call the chart managing window.
Alt+F4 — close the client terminal.
Ctrl+Z — undo object deletion.
Ctrl+A — arrange all indicator windows heights by default.
Ctrl+B — call the “Objects List” window.
Ctrl+C — copy to the clipboard.
Ctrl+E — enable/disable expert advisor.
Ctrl+F — enable “Crosshair”.
Ctrl+G — show/hide grid.
Ctrl+H — show/hide OHLC line.
Ctrl+L — show/hide volumes.
Ctrl+S — save the chart in a file having extensions: “CSV”, “PRN”, “HTM”.
Ctrl+W — close the chart window.
Ctrl+Y— show/hide period separators.
Ctrl+D — open/close the “Data Window”.
Ctrl+M — open/close the “Market Watch” window.
Ctrl+O — open the “Setup” window.
Ctrl+R — open/close the “Tester” window.
Ctrl+T — open/close the “Terminal” window.
Ctrl+F6 — activate the next chart window.
Ctrl+F9 — open the “Terminal — Trade” window and switch the focus into it. After this, the trading activities can be managed with keyboard.
I hope this helps you speed up in getting around MetaTrader 4.

Remember all our indicators are available in MetaTrader 4

Source: www.theindicatorguys.com

EUR/USD : Winning Trade on 02 - 06 Jan 2012

2012-01-06T23:47:00.000+08:00

EUR/USD :   Winning Trade on 02 - 06 Jan 2012

1) Entry Point : 1.3051
    Stop Loss : 1.2966
    Profit Target : 1.3016

Pips Earned : 35 pips.

2) Entry Point : 1.2931
    Stop Loss : 1.2966
    Profit Target : 1.2896

Pips Earned : 35 pips.

3) Entry Point : 1.2825
    Stop Loss : 1.2860
    Profit Target : 1.2790

Pips Earned : 35 pips.

4) Entry Point : 1.2734
    Stop Loss : 1.2769
    Profit Target : 1.2699

Pips Earned : 35 pips.

EUR/USD Winning Forex Trade for 28 Dec 2011

2011-12-28T22:43:00.000+08:00

EUR/USD : Winning Trade on 28th Dec 2011

Entry Point : 1.3070
Stop Loss : 1.3105
Profit Target : 1.3035

Pips Earned : 35 pips.

The Ed Ponsi Forex Playbook: Strategies and Trade Set-Ups (Wiley Trading)

2011-12-24T11:58:00.000+08:00

A practical guide to trading the foreign exchange market

The Ed Ponsi Forex Playbook offers a visual approach to learning specific trading strategies and identifying profitable trading opportunities in the Forex arena. Page by page, it skillfully describes strategies for long-term trading, swing trading, and day trading in a clear, easy-to-understand manner.

Written by the author of the hugely successful Forex Patterns and Probabilities, The Ed Ponsi Forex Playbook takes the entire concept of Forex education to a new level. The author raises the bar with this ambitious work, presenting fresh new strategies and concepts. Ponsi uses clever analogies and comparisons to make his explanations crystal clear.

With Ponsi as your "coach", the book employs sports analogies to show you, his players, the way to victory on the Forex playing field
Strips away the mystery, showing exactly how successful Forex traders make money
Explains complex financial concepts in ways that the average person can understand
Provides not only useful information, but actionable information to the Forex trader

The foreign exchange market is the most actively traded market in the world, and Ed Ponsi is world-renowned as one of the foremost educators in this field. With The Ed Ponsi Forex Playbook as your guide, you'll learn how to take advantage of the many opportunities found in the Forex arena.

I want to buy this book! : The Ed Ponsi Forex Playbook : Strategies and Trade Set-Ups NOW!

Editorial Reviews

From the Back Cover

Praise for The Ed Ponsi Forex Playbook"The Ed Ponsi Forex Playbook contains both the offensive and defensive plays that will keep traders profitable and safe. Those who pick up this fascinating read will not put it down until they have finished."

—Steve H. Hanke, Professor of Applied Economics, The Johns Hopkins University
"Ed covers all of the bases in this book. It's powerful, practical, and profitable advice that you can use right now. From start to finish, the book is packed with information that can help any trader extract profits from the most exciting market in the world."

—Rob Booker, independent trader, author of Adventures of a Currency Trader
"Ed Ponsi has scored again! This book doesn't just teach you how to win the trading game; it shows you how to win big. If you want to bank consistent profits in the forex market, read this book from cover to cover."

—Mario Singh, CEO, FX1 Academy
"Exceptionally unique and useful to traders of all skill levels, this book is a wealth of actionable trading approaches from one of the giants in forex education and analysis."

—James Chen, CTA, CMT, Chief Technical Strategist at FX Solutions, author of Essentials of Foreign Exchange Trading (Wiley)

An easy-to-understand visual guide to trading the foreign exchange market

Written by the author of the hugely successful Forex Patterns and Probabilities, The Ed Ponsi Forex Playbook offers a visual approach to learning successful trading strategies and identifying profitable trading opportunities in the Forex arena.
In Part I, "Training Camp," Ponsi provides basic but vital information to lay the groundwork for your success. In the next part, "Scoring Points," he delves into more advanced trading concepts. Part III, "Winning the Championship," deals with specific techniques that will give your trading an edge. Part IV, "Commitment to Excellence," presents more advanced money-making trading concepts, and in the final section, "Staying in Shape," you will learn which situations to avoid in order to enjoy a long and successful trading career.
The foreign exchange market is the most actively traded market in the world, and Ed Ponsi is world-renowned as one of the foremost educators in this field.

I want to buy this book! : The Ed Ponsi Forex Playbook : Strategies and Trade Set-Ups NOW!

About the Author

Ed Ponsi is the President of FXEducator.com. As an experienced professional trader, he has advised hedge funds, institutional traders, and individuals of all levels of skill and experience. Ponsi has made numerous television appearances on CNBC, Bloomberg, CNN, the BBC, Fox Business News, and ForexTV, and has been profiled in magazines such as Technical Analysis of Stocks and Commodities and Traders Journal. His dynamic and humorous style sets him apart from the "suit and tie crowd." Ponsi is also the author of Forex Patterns and Probabilities (Wiley), a top-selling book on currency trading, and has a popular DVD series, FXEducator: Forex Trading with Ed Ponsi.

Product Details

Paperback: 222 pages
Publisher: Wiley; 1 edition (July 26, 2010)
Language: English
ISBN-10: 0470509988
ISBN-13: 978-0470509982
Product Dimensions: 9.9 x 7 x 0.6 inches
Shipping Weight: 14.9 ounces (View shipping rates and policies)
Average Customer Review: 4.3 out of 5 stars See all reviews (29 customer reviews)
Amazon Best Sellers Rank: #603,865 in Books (See Top 100 in Books)

I want to buy this book! : The Ed Ponsi Forex Playbook : Strategies and Trade Set-Ups NOW!

EUR/USD Winning Forex Trade for 20 Dec 2011

2011-12-21T21:45:00.000+08:00

EUR/USD : Winning Trade on20th Dec 2011

Entry Point : 1.3113
Stop Loss : 1.3148
Profit Target : 1.3078

Pips Earned : 35 pips.

Beyond Candelsticks : New Japanese Charting Techniques Revealed Book By Steve Nison From SoftroomBlog.com

2011-12-17T13:37:00.000+08:00

Beyond Candlesticks: New Japanese Charting Techniques Revealed Book By Steve Nison

List Price:	~~$95.00~~
Price:	$59.37 & this item ships for FREE with Super Saver Shipping. Details
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Editorial Reviews

From the Publisher

Known internationally as ``The Father of Candlesticks,'' Nison reveals more Japanese charting methods which have never been published or used in the Western world. Describes kagi, renko and three-line break charts. Provides a brief review of candlesticks and previously unavailable candlestick patterns that can be used in equities, fixed-income, foreign exchange and overseas markets.

From the Inside Flap

Beyond Candlesticks New and powerful Japanese charting secrets revealed for today’s traders and investors In 1990, Steve Nison introduced traders in the West to a powerful analytical tool that had long given Japanese Investors a competitive edge. Now, with this groundbreaking new book, the "Father of Candlesticks" further revolutionizes technical analysis with an entire collection of stunningly effective Japanese techniques. In Beyond Candlesticks, Steve Nison unveils the mysteries of four more of Japan’s most closely guarded financial secrets—Kagi, Renko, Three-Line Break charts, and the disparity index—incredibly versatile techniques for forecasting and tracking market prices and buying and selling periods. Completely self-contained and requiring no prior experience with Japanese charting techniques, Beyond Candlesticks:

Introduces Kagl, Renko, and Three-Line Break charts—powerful non-time series charting techniques never before seen In the West
Explores the exotic twists and turns of the disparity index—a Japanese secret more exact and timely than its Western cousin, moving averages
Takes you step-by-step through each charting technique with the help of nearly 200 illustrations, dozens of detailed real-world examples, and clear-cut guidelines on how to use them In your day-to-day trading and Investing
Demonstrates how these techniques can be used on equities, futures, fixed-in-come, foreign exchange, and overseas markets
Explains how they can be merged with candlesticks and traditional Western techniques to create powerful new hybrids

But that’s not all. In addition to Instructing readers in these exciting new charting techniques, Nison also takes us deeper inside the mysteries of candlesticks than ever before. Expanding his coverage beyond the futures markets that were the focus of his 1991 classic, Japanese Candlestick Charting Techniques, Nison describes candlestick patterns that can be applied to stocks, bonds, and foreign exchange. He also demonstrates new ways in which candlesticks alone or in conjunction with traditional Western techniques, can be adapted to virtually any trading, investing, or hedging strategy. Affording Western readers an unprecedented opportunity to acquaint themselves with these powerful, centuries-old techniques, Beyond Candlesticks is a resource that no trader, broker, analyst, or Investor can afford to be without.

From the Back Cover

From the "Father of Candlesticks"—penetrating new Japanese techniques for forecasting and tracking market prices and improving market timing Steve Nison has done it again. The man who revolutionized technical analysis by introducing Japanese candlestick charting techniques to Western traders is back—this time with a quartet of powerful Japanese techniques never before published or used in the West. Stunningly effective on their own, these new techniques pack an even greater wallop when teamed up with traditional trading, investing, or hedging strategies, and Steve Nison shows you how to do it. Beyond Candlesticks provides step-by-step instructions, detailed charts and graphs, and clear-cut guidance on tracking and analyzing results—everything you need to pick up these sharp new tools and take your place at the cutting edge of technical analysis. Critical praise for Steve Nison’s first book … "… destined to become the classic reference on the subject." —Charles Lebeau and David Lucas Technical Trader’s Bulletin "I believe Steve Nison’s new candlestick book is destined to become one of the truly great books for this time period.… Whether you trade futures, commodities, or equities, day trade or hold positions overnight, this book is a must." —Lee Siegfried Investor’s Library, Data Broadcasting Corp. "It is hard to be too effusive about the quality of NiSon’s work … this is clearly one of the best investment books ever written in terms of covering a subject with pedagogical ability and writing skill. The organization is impeccable … reading it was a pleasure." —Commodity Traders Consumer Report

About the Author

About the author STEVE NISON, CMT, is founder and President of Nison Research International Inc., which provides customized educational and technical advisory services. Mr. Nison, the first to reveal candle charts to the Western world, is the acknowledged authority on Japanese charting techniques as applied to Western markets. His book, Japanese Candlestick Charting Techniques, continues to be an international bestseller. Mr. Nison's work has been highlighted in financial media around the world, including the Wall Street Journal, Barron's, Worth Magazine, Euroweek, and Institutional Investor. He is an instructor at the New York Institute of Finance and has been a guest lecturer at four universities. As a sought-after speaker, he has presented his trading strategies in seventeen countries to thousands of traders and analysts including, by request, the World Bank and the Federal Reserve. Mr. Nison holds an MBA in Finance and Investments and was among the first to receive the Chartered Market Technician (CMT) designation from the Market Technicians Association (MTA). Formerly, he was a Senior Vice President at Daiwa Securities and Senior Technical Analyst at Merrill Lynch. Mr. Nison lives with his family in East Brunswick, New Jersey. Mr. Nison's Web site is www.candlecharts.com. The e-mail address is info@candlecharts.com.

Click Here to Buy Beyond Candlesticks : Japanese Charting Techniques Revealed Book by Steve Nison NOW!

EUR/USD 2 Winning Forex Trade for 13 & 14 Dec 2011

2011-12-14T21:05:00.001+08:00

EUR/USD : 2 Winning Trade on 13 & 14 DEC 2011

Entry Point : 1.3159
Stop Loss : 1.3194
Profit Target : 1.3124

Pips Earned : 35 pips.

Entry Point : 1.3004
Stop Loss : 1.3039
Profit Target : 1.3969

Pips Earned : 35 pips.

EUR/USD Winning Forex Trade for 12 Dec 2011

2011-12-12T21:50:00.000+08:00

EUR/USD Winning Trade on 12 DEC 2011

Entry Point : 1.3280
Stop Loss : 1.3315
Profit Target : 1.3245

Pips Earned : 35 pips.

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (Little Books. Big Profits)

2011-11-28T23:07:00.000+08:00

Book Description

Series: Little Books. Big Profits | Publication Date: December 28, 2010

An accessible guide to trading the fast-moving foreign exchange market

The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.

Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs.

Explains the forces that drive currencies and provides strategies to profit from them
Reveals how you can use various currencies to reduce risk and take advantage of global trends
Examines financial vehicles that can help you make money without having to monitor the market every day

The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.

I want to BUY Kathy's book NOW
BUY IT NOW HERE!

Q&A with Author Kathy Lien

What is the most effective way for investors to make money in the currency market?

The best way to make money in the currency market is to think of it as an investment. When most people see advertisements by forex brokers, their eyes start     to widen on the offers of high leverage and the possibility of tremendous returns. It is attractive and almost irresistible. However, even though currencies     can provide attractive returns, leverage is a sharp double-edged sword. High returns come with high risks, which can be suitable for some but not all     investors.   Currencies are a great asset class for people looking to diversify their portfolios. And throughout the year, currency values can increase or      decrease anywhere between 5 to 25 percent. With U.S. Treasuries yielding next to nothing and our bank accounts earning only a few cents on the dollar, most     of us would be satisfied with 5 percent, let alone 25 percent return. There is no need to use excessive leverage - taking it slow and easy increases the     chance of seeing your account grow.

Over the past 10 years, the forex market has evolved significantly and competition has brought many benefits to new forex traders. Most forex brokers will     offer free education and practice accounts, and new traders should take advantage of them because the most effective way of making money in the currency     market is learning how the market works and to practice, practice, practice before dumping significant capital into a live account.

From a more practical perspective, there is no need for monogamy when it comes to trading currencies. Take the best of both worlds and combine both      fundamental and technical analysis. The Little Book of Currency Trading will teach you how to identify the big stories affecting currencies and how     to pinpoint places to enter and exit your trades. You may know more about currencies than you actually think. If you have ever traveled to another country     or if you love to read about political or economic developments abroad, then you have already gotten a taste of what moves currencies. Start by trading what     you know, and at the onset, bank your profits when you have them to build your confidence and your knowledge of how the currency market moves
.
What indicators or economic data should investors monitor to identify a potential profit opportunity in the currency market?
News moves the markets and economic data is a consistent event risk that can provide daily trading opportunities by driving meaningful moves in a currency.     However not all economic releases are equally important, and it is essential to be able to delineate between what will and will not move the currency. As a     rule of thumb, put yourself into the shoes of a central bank -- whatever the central bank watches is typically what can move the currency because it can help     determine whether the central bank will raise or lower interest rates. This includes employment, retail sales and inflation reports. The best trades are the     ones that are also aligned with the current prevailing trend and sentiment in the foreign exchange, something that the Little Book will teach you how     to do.

What is the learning process for an individual investor -- who already has experience trading stocks -- in the currency market?
Trade what you know. If you trade stocks using technical analysis, you can do the same in the currency market. In fact, technical analysis is one of the     most popular ways to analyze currencies. It will be important to learn about the unique characteristics of the market, including round the clock trading and     general trading mechanics. But after that, you can use Fibonacci retracements the same way you do in equities in currencies. For traders who love to follow     developments in Europe or Asia -- once again, trade what you know. If you travel to London often and have a good idea of how the U.K. economy is doing, your      outlook can be translated into a currency trade. The same is true for traders who have an opinion on whether the Eurozone will go bust due to their debt     crisis. Currencies just offer another vehicle to express the views that as stock traders, you may already have.

Historically, the currency market often produces long-term trends that provide a great opportunity for profit. Do you think that will continue in the      years ahead?
Currencies have been around for hundreds of years in one form or another and are little confidence measures of a country. If you believe that business cycles     repeat themselves -- with expansion followed by contraction and contraction followed by expansion -- then the long term trends of currencies will continue to      be evident because the optimism or pessimism of investors usually follows the business cycles of each country. The reason why currencies have had such     strong trends in the past few decades is because in general, the outlook for a country gets progressively better or worse, and this dynamic is reflected in     the value of the currency. Using a unique easy to understand tool, the Little Book will show you unique ways to join the trend and minimize the risk     of chasing a move that quickly fades.

                       I want to BUY Kathy's book NOW
                       BUY IT NOW HERE!

Editorial Reviews

From the Inside Flap

Once dominated by global banks, hedge funds, and multinational corporations, the foreign exchange market, or forex, is now easily accessible to traders and investors around the world. But in order to make the most of your time in this market, you need to have a firm understanding of how it works.Written by forex expert Kathy Lien, The Little Book of Currency Trading shows you how to effectively trade and invest in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details the practical products that can help you achieve success.
Along the way, Lien skillfully explains the forces that drive currencies and provides strategies to profit from them; reveals how you can use various currencies to reduce risk; and take advantage of global trends, and examines what you can do to make money without the stress of monitoring the market every day. Other issues addressed include:

Getting started in forex and finding the right approach for you
The most commonly made forex mistakes
Making the most of slow and steady investing as well as learning the fast and furious approach to forex
Avoiding popular forex scams
And much more

Filled with in-depth insights and practical advice, The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.

From the Back Cover

Praise for
THE LITTLE BOOK OF CURRENCY TRADING

"A Japanese proverb says, 'If you wish to know the road, inquire of those who have traveled it.' My friend Kathy clearly knows the FX road. Her wonderful book fuses together her years of real world trading experience with her skills at making the topic easy to understand (and fun!). This is a book that belongs on every forex trader's shelf no matter their level of experience."
—Steve Nison, CMT, President, www.nisonfx.com, and author of Japanese Candlestick Charting Techniques
"Kathy Lien is one of the best and brightest in the currency field. Her new book is a definite must-read for all new Forex traders. Kathy explains in an easy-to-understand yet practical format how to get started in currency trading."
—Andrew B. Busch, Global Currency and Public Policy Strategist, BMO Capital Markets
"Kathy Lien is one of the savviest currency analysts—The Little Book of Currency Trading will teach you more than just the basics!"
—Alexis Glick, former anchor for Fox Business Network's Money for Business and The Opening Bell


                     I want to BUY Kathy's book NOW

                      BUY IT NOW HERE!

Forex @ DailyFX - FOREX: Dollar, Yen to Pull Back as Super-Committee Selloff is Unwound

2011-11-22T21:37:00.001+08:00

Forex @ DailyFX - FOREX: Dollar, Yen to Pull Back as Super-Committee Selloff is Unwound

Forex @ DailyFX - EURUSD and Volume Fail to Confirm S&P 500 and AUDUSD Collapse

2011-11-22T21:37:00.000+08:00

Forex @ DailyFX - EURUSD and Volume Fail to Confirm S&P 500 and AUDUSD Collapse

Forex @ DailyFX - EUR/USD, GBP/USD Scalp Setups- Bearish Bias Remains Intact

2011-11-22T21:36:00.001+08:00

Forex @ DailyFX - EUR/USD, GBP/USD Scalp Setups- Bearish Bias Remains Intact

Forex @ DailyFX - Forex: Euro Consolidation Ahead, Outlook Remains Bearish

2011-11-22T21:36:00.000+08:00

Forex @ DailyFX - Forex: Euro Consolidation Ahead, Outlook Remains Bearish

Forex @ DailyFX - Illiquid Conditions Expected Amid U.S. Holiday; U.S. Debt Deadline Ahead

2011-11-21T22:04:00.003+08:00

Forex @ DailyFX - Illiquid Conditions Expected Amid U.S. Holiday; U.S. Debt Deadline Ahead

Forex @ DailyFX - Dollar Rises in Early Trading on Supercomittee Deadlock, New Spanish Government

2011-11-21T22:04:00.002+08:00

Forex @ DailyFX - Dollar Rises in Early Trading on Supercomittee Deadlock, New Spanish Government

Forex @ DailyFX - US Dollar Sell-Offs Continue to Be Very Well Absorbed

2011-11-21T22:04:00.001+08:00

Forex @ DailyFX - US Dollar Sell-Offs Continue to Be Very Well Absorbed

Forex @ DailyFX - FOREX: Dollar Aims Higher on Risk Aversion, Euro Looks to ECB for Help

2011-11-21T22:04:00.000+08:00

Forex @ DailyFX - FOREX: Dollar Aims Higher on Risk Aversion, Euro Looks to ECB for Help

Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves

2011-11-13T19:02:00.000+08:00

I WANT TO BUY KATHY'S BOOK NOW!

Book Description

Series: Wiley Trading | Publication Date: December 3, 2008

Discover a variety of technical and fundamental profit-making strategies for trading the currency market with the Second Edition of Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien–Director of Currency Research for one of the most popular Forex providers in the world–describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationships, interest rate differentials, option volatility, news events, and central bank intervention.

Editorial Reviews

From the Inside Flap

In only a few short years, the currency/foreign exchange (FX) market has grown significantly. With institutions and individuals driving daily average volume past the $3 trillion mark, there are many profitable opportunities available in this arena—but only if you understand how to operate within it.
That's why Kathy Lien—Director of Currency Research for one of the most popular Forex providers in the world—has created Day Trading and Swing Trading the Currency Market, Second Edition. Written for both the experienced and aspiring trader, this updated guide outlines the essential elements of the FX market and reveals the latest trends, data, and strategies that all traders, particularly day and swing traders, need to be aware of in order to excel in this fast-moving field.
After an engaging introduction to how the foreign exchange market has evolved over the last few years and a look at some of its historical milestones, this book quickly moves on to address the innovative trading insights that will enhance your profitability within today's FX market. Page by page, you'll becomefamiliar with:

New technical trading strategies, which include how to trade news, effectively time market turns, and capture new shifts in momentum
Proven fundamental trading strategies, which involve trading off commodity prices, fixed income instruments, and option volatilities; as well as intervention-based trades and macro event-driven trades
The unique characteristics of each major currency pair—from when they are most active to what drives their price action
Trading through different market conditions, by first profiling a trading environment and then applying specific indicators for that environment
And much more

Both informative and accessible, the Second Edition of Day Trading and Swing Trading the Currency Market goes far beyond what other currency trading books cover. It delves into consistently critical questions such as "What Are the Most Market-Moving Indicators for the U.S. Dollar" and "What Are Currency Correlations and How to Use Them," while touching on topics like "How to Trade like a Hedge Fund Manager" and "The Impact of Seasonality in the Currency Market" that could give you a distinct edge in this competitive arena.
Filled with proven trading strategies as well as detailed statistical analysis, the Second Edition of Day Trading and Swing Trading the Currency Market will help you achieve unparalleled success in the most actively traded market in the world.

I WANT TO BUY KATHY'S BOOK NOW!

From the Back Cover

Second Edition

Day Trading and Swing Trading the Currency Market

Praise for the First Edition

"I thought this was one of the best books that I had read on FX. The book should be required reading not only for traders new to the foreign exchange markets, but also for seasoned professionals. I'll definitely be keeping it on my desk for reference. The book is very readable and very educational. In fact, I wish that Kathy's book had been around when I had first started out in FX. It would have saved me from a lot of heartache from reading duller books, and would have saved me a lot of time from having to learn things the hard way. I look forward to reading other books from her in the future."
—Farooq Muzammal, Head of Foreign Exchange, MAREX Capital

"Kathy's book is an indispensable tool for Forex traders, whether you are a professional or novice. It not only lays the groundwork for an in-depth understanding of Forex trading, it also contains numerous fundamental and technical strategies. . . . I suspect that many traders will be keeping Kathy's book within arm's reach for many years to come."
—Eddie Kwong, Executive VP/Editor in Chief, Tradingmarkets.com

"In Day Trading the Currency Market, Kathy Lien provides traders with unique, thoughtful, and profitable insight on trading this exciting market. This book should be required reading for all traders, whether they are novices to Forex or experienced professionals."
—Cory Janssen, cofounder, Investopedia.com

"There are aspects to trading currencies that are different from trading equities, options, or futures. In this book, Kathy Lien provides deep insight into all the mechanisms that take place in the currency markets. Any currency trader will gain more confidence in their trading after reading this book."
—Jayanthi Gopalakrishnan, Editor, Technical Analysis of Stocks & Commodities

"Kathy has done a brilliant job with this book. She speaks directly to traders and gives them guidance to improve their performance as Forex traders. I took some notes and ideas from the book myself that are going to be very useful for my business."
—Francesc Riverola, CEO and founder, FXstreet.com

I WANT TO BUY KATHY'S BOOK NOW!

More About the Author

Kathy Lien is an Internationally Published Author, Managing Partner of BKForexAdvisors.com and the Director of Currency Research of FX360 and GFT. Her trading books include the following:

1) For beginners, "The Little Book of Currency Trading (2010, Wiley)."

2) Second edition of the highly acclaimed, internationally published "Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit form Market Swings (2008, Wiley)."

3) Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game (2007, Wiley)

4) High Probability Trading Setups for the Currency Market E-Book (2006, Investopedia)

As Director of Currency Research, Kathy is responsible for providing research and analysis for GFT. She also runs an FX Signal Service BKForexAdvisor.com, with Boris Schlossberg - one of the few investment advisory letters focusing strictly on the 3 Trillion/day FX market.
Kathy is a "Trader First, Analyst Second." She publishes both technical and fundamental research reports, market commentaries and trading strategies. A seasoned FX analyst and trader, Kathy has direct interbank experience. Prior to joining GFT, Kathy was the Chief Strategist of DailyFX.com and worked in JPMorgan Chase's Cross Markets and Foreign Exchange Trading groups using both technical and fundamental analysis to trade FX spot and options. She also has experience trading a number of products outside of FX, including interest rate derivatives, bonds, equities and futures. She has taught seminars around the world on day and swing trading the currency market.

Kathy is also one of the authors of Investopedia's Forex Education section and has written for Tradingmarkets.com, the Asia Times Online, Stocks & Commodities Magazine, MarketWatch, ActiveTrader Magazine, Currency Trader, Futures Magazine and SFO. She is frequently quoted by Bloomberg, Reuters, the Wall street Journal, and the International Herald Tribune and has appeared on CNN, CNBC, CBS and Bloomberg Radio. She has also been on a few episodes of Wall Street Warriors, hosted trader chats on EliteTrader, eSignal and FXStreet, sharing her expertise in both technical and fundamental analysis.
Many people have asked how Kathy has managed to achieve so much at such a young age, but if you consider that she graduated New York University's Stern School of Business at the age of 18 in 1999, she actually has a wealth of experience.

I WANT TO BUY KATHY'S BOOK NOW!

This review is from: Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves (Wiley Trading) (Hardcover)

I was reluctant to purchase this book because i feared this one would be as many other books i have bought before: tutorial on basics, with examples that are hard to follow. I was wrong but i am giving it a four star because the one area i believe is very important to discuss stop-loss management she was not very helpful - still better than most books i read - for that i think you need to read Agustin Silvani's book.

Aside from that this book is an excellent instruction book on swing and day trading. The book very succintly explains the preparation for the trading day and the two strategies you can follow: fundamental or technical. Although i don't use some of her strategies i do use a couple and am in the process of designing my system for the others. I think the three chapters 8,9 and 10 are worth the price of book by themselves.

This review is from: Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves (Wiley Trading) (Hardcover)

It's great book! Kathy explained in detail the important of timing, include which currency pairs to trade in different time zone. This is very valuable information to traders who stay in Asia, like me. I recommend this book for active traders. TS - Singapore

I WANT TO BUY KATHY'S BOOK NOW!

Product Details

Hardcover: 304 pages
Publisher: Wiley; 2 edition (December 3, 2008)
Language: English
ISBN-10: 0470377364
ISBN-13: 978-0470377369
Product Dimensions: 9 x 6.1 x 1.3 inches
Shipping Weight: 1 pounds (View shipping rates and policies)
Average Customer Review: 4.0 out of 5 stars See all reviews (12 customer reviews)
Amazon Best Sellers Rank: #79,533 in Books (See Top 100 in Books)
- #14 in Books > Business & Investing > International > Foreign Exchange

Pictet On G10 Currencies

2011-11-10T22:56:00.002+08:00

EUR/USD for 09 November 2011

2011-11-09T23:11:00.000+08:00

For this week's trade in EUR/USD. After it breaks my Support line at 1.3604. Technically,I'm looking at my Target profit at 1.3000. If it breaks my second Support line at 1.35,i believe in my terms it will go to a downward trend even further.

EFSF Pays Premium at Bond Auction

2011-11-08T21:07:00.000+08:00

Forex @ DailyFX - Euro: Understanding the Impact of Italy’s Budget Review Vote

2011-11-08T21:05:00.002+08:00

Forex @ DailyFX - Euro: Understanding the Impact of Italy’s Budget Review Vote

Forex @ DailyFX - EURUSD and S&P 500 Invested in Italy Troubles, USDJPY Top Trade

2011-11-08T21:05:00.001+08:00

Forex @ DailyFX - EURUSD and S&P 500 Invested in Italy Troubles, USDJPY Top Trade

Forex @ DailyFX - US Dollar, S&P 500 Ranges Wait for Clear Bearing from Sentiment Trends

2011-11-08T21:05:00.000+08:00

Forex @ DailyFX - US Dollar, S&P 500 Ranges Wait for Clear Bearing from Sentiment Trends

Midday Snapshot 07 Nov 2011

2011-11-07T21:59:00.002+08:00