Dominate The Forex. By Joseph R. Plazo.pdf - Boatloads of...

This preview shows page 1 - 7 out of 143 pages.

Boatloads of Strategies, Action Plans & Savvy Maneuvers Joseph R. Plazo
2 ….Strategies to Make a Thousand Here A Thousand There … A free book dedicated to All Forex Aficionados
3 An EGL LLC Book Published by EGL LLC Copyright 2006 by Joseph Riñoza Plazo All rights reserved. Published in the United States ISBN Number xxx-xxxx-xxxx Manufactured in the United States of America First Edition: March 2006
4 Table of Contents TABLE OF CONTENTS ................................................................................ 4 FOREX FOR ABSOLUTE DUMMIES .................................................. 6 MONEY MANAGEMENT BASICS FOR FOREX TRADERS ........ 8 FOREIGN EXCHANGE MARKETS – A GENERAL OVERVIEW AND STRUCTURE OF THE FOREX MARKET ............................. 10 EARN THOUSANDS HOURLY (WITH A FOREX SIMULATOR.) ........................................................................................... 12 EIGHT KEY ASPECTS IN SELECTING YOUR FOREX BROKER ...................................................................................................... 15 WINNING STRATEGIES WITH FOREX CHARTS ...................... 17 VITAL TACTICS TO MINIMIZE WHOPPING FOREX LOSSES ......................................................................................................................... 19 WHAT IS FIBONACCI AND WHAT’S IT’S RELATION TO THE FOREX MARKET? ................................................................................... 24 PREDICTING FOREX TRADING – IMPLICATIONS FOR YOU ......................................................................................................................... 29 A FIVE MINUTE COURSE IN FOREX – WHAT YOU NEED TO KNOW TO GET STARTED .................................................................... 31 TOP FIVE ECONOMIC DRIVERS THAT SPUR FOREX TRADING .................................................................................................... 34 B IRD S E YE OF THE E URO S P ERFORMANCE IN THE C URRENCY ................. 36 THE JAPANESE YEN STANDS UP TO THE US DOLLAR ......... 39 HOW TO MAXIMIZE RELATIVE STRENGTH ANALYSIS ....... 41 CROSSING CURRENCY – THE IMPLICATIONS TO TRADERS? .................................................................................................. 44
5 TRADING AND INTERVENTION – OPTIMIZING THE MARKET ...................................................................................................... 48 UNDERSTANDING FOREX OPTIONS ............................................. 51 I T S F OR E VERYONE .................................................................................... 55 Hedging Your Investments ................................................................ 58 CAN THE EMOTIONS IN FOREX TRADING ............................... 108 FAILSAFE FACTS TO GUARANTEE FAILURE IN FOREX TRADING .................................................................................................. 112 MIND GAMES – THE PSYCHOLOGY OF FOREX MARKET TRADING .................................................................................................. 115 RIDE THE WAVE – THE ELLIOTT WAVE THEORY FOR FOREX MARKETS ................................................................................. 119 FIVE WAYS TO AVOID FOREX SCAMS ........................................ 122 PIVOT POINTS IN FOREX – WHAT THEY ARE AND HOW TO USE THEM ................................................................................................ 125 PREDICTING TRENDS OF THE OIL MARKETPLACE AND IMPACT UPON FOREX TRADING ................................................. 129 THE MAGICAL CORRELATION BETWEEN EXCHANGE RATE AND FOREX ............................................................................... 132 THE BOTTOMLINE ON DAY TRADING ....................................... 136 FOREX – A FAST WAY TO MAKE A FEW BUCKS .................... 140
6 Forex for Absolute Dummies Forex (foreign exchange) refers to the foreign currency exchange market, the world’s largest financial trading market. Pass yourself as a forex expert with these buzz words: Bid – to buy Ask – to sell Liquidity – financial ease of transaction, i.e. cash Trading volume – the amount traded Bid/ask spread – the difference between the proposed buying price and the actual selling price OTC – over the counter Exchange rate – the difference between currency values; for instance, a Canadian dollar is valued at .86 of a US dollar Hedge funds – large mutual funds companies that control vast amounts of money and are able to manipulate the value of a currency through speculation Central bank – the national bank of a nation, which usually exerts control over the value of that currency Forex trading is the investment in the currency of one nation. Multinational Corporations doing business across national boundaries find value in keeping their cash reserves in a variety of countries, and holding their funds in a myriad of ways. For example, a UK corporation may hold

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture