Kathleen Brooks on Forex:A simple approach to trading forex using fundamental and technical analysis: A Simple Approach to Trading Foreign Exchange Using Fundamental and Technical Analysis - Softcover

Kathleen Brooks

Softcover

ISBN 10: 0857192051 ISBN 13: 9780857192059

Publisher: Harriman House Publishing, 2013

Synopsis

Kathleen Brooks on Forex Many foreign exchange traders use either fundamental analysis or technical analysis and they're often considered to be mutually exclusive approaches. But FX does not have to be traded that way - fusing the two types of analysis will improve your research and, more importantly, your trading results. This title offers an approach to forex trading. Full description

About this title

About the Author:

This book will start with the basics of how foreign exchange works, but it will be my spin on how the market works, which I hope will give you a clearer idea than other books about what it is you are doing when you enter a trade. It then progresses to more complicated aspects of the market such as leverage and margin. I aim for simplicity so don't worry, there are no huge blocks of text or tiny font and I use plenty of diagrams and real-life examples to show you what I am talking about so that author and reader are on the same page (so to speak) at all times. Before I go on I need to give you a taste of my philosophy as this is vital to the structure of this book. I believe that fundamental factors: politics, economics and even social factors cause prices to move the way they do (and sometimes in the strangest ways), however throughout the day the smallest price movements are usually based upon technical factors that cause prices to move the way they do. So you'll get no fundamental or technical purists here: my approach is to combine the two. It works for me. But before you can think about implementing strategies you need to make sure that your risk management strategy is water tight - this is the chief focus of Part A of this book. I spend a lot of time on risk management techniques, however my aim was to give this section my own subjective spin to try and make it different from my first experiences with learning about risk management. It was always the section I rushed through when I first entered the markets because I thought it was dull and boring. But without a firm grasp of risk management techniques you can soon find the lows outnumber the highs in FX. Part B goes straight to the heart of my philosophy. It will help you to understand the basic and more advanced fundamental and technical indicators out there. Most books either focus on fundamental or technical tricks, very rarely do they fuse the two. But that is what I will try to do for the bulk of this book. To finish off there is my trading blog, which will give you worked through examples of my trades, how I chose them, why I put them on at the time I did, and, crucially, how they performed. These trades will be real-life examples of my philosophy in action, so you will understand how I combine technical and fundamental analysis on a daily basis.

About this edition

• Publisher: Harriman House Publishing
• Publication date: 2013
• ISBN 10: 0857192051
• ISBN 13: 9780857192059
• Binding: Paperback
• Number of pages: 180