Today’s featured e-book download is Trading for a Living in the Forex Market (1.75 MB, 75 pg) – Common knowledge about the trading on Forex, Major currencies and trade systems, Fundamental analysis by trading on Forex, Technical analysis, Fibonacci constants and Elliott wave theory.

What you can learn from this booklet

1. Common knowledge about the trading on Forex

1.1. Forex as a part of the global financial market – A brief history about the rise and development of Forex. The factors that caused Foreign Exchange Volume Growth on Forex (Exchange Rate Volatility, Business Internationalization, Increasing of Traders’ Sophistication, Developments in Telecommunications, Computer and Programming Development). The role of the U.S. Federal Reserve System and central banks of other G-7 countries on Forex.

1.2. Risks by the trading on Forex

1.3. Forex sectors – Spot Market, Forward Market, Futures Market, Currency Options

2. Major currencies and trade systems

2.1. Major currencies – The U.S. Dollar, The Euro, The Japanese Yen, The British Pound, The Swiss Franc

2.2. Trade systems on Forex – Trading with brokers, Direct dealing

3. Fundamental analysis by trading on Forex

3.1 Theories of exchange rate determination – Purchasing Power Parity, Theory of Elasticities, Modern monetary theories on exchange rate volatility

3.2. Indicators for the fundamental analysis – Economic indicators, The Gross National Product, The Gross Domestic Product, Consumption Spending, Investment Spending, Government Spending, Net Trading, Industrial sector indicators, Industrial Production, Capacity Utilization, Factory Orders, Durable Goods Orders, Business Inventories, Construction Data, Inflation Indicators, Producer Price Index, Consumer Price Index, Gross National Product Implicit Deflator, Gross Domestic Product Implicit Deflator, Commodity Research Bureau’s Futures Index, The Journal of Commerce Industrial Price, Balance of Payments, Merchandise Trade Balance, The U.S. – Japan Merchandise Trade Balance, Employment Indicators, Employment Cost Index, Consumer Spending, Indicators, Retail Sales, Consumer Sentiment, Auto Sales, Leading Indicators, Personal Income

3.3. Forex dependence on financial and sociopolitical factors – The Role of Financial Factors, Political Crises Influence

4. Technical analysis

4.1. The destination and fundamentals of technical analysis – Theory of Dow, Percent measures of prices reverse

4.2. Charts for the technical analysis – Kinds of prices and time units, Kinds of charts, Line Chart, Bar Chart, Candlestick Chart

4.3. Trends, Support and Resistance lines – Trend Line and Trade Channel, Lines of Support and Resistance

4.4. Trend Reversal patterns – Head-and-Shoulders, Inverted Head-and-Shoulders, Double Top, Double Bottom , Triple Top, Triple Bottom , Round Top, Round Bottom, Saucer, Inverted Saucer

4.5. Trend Continuation patterns – Flags, Pennants, Triangles, Wedges, Rectangles

4.6. Gaps – Common Gaps, Breakaway Gaps, Runaway Gaps, Exhaustion Gaps

4.7. Mathematical trading methods (Technical indicators) – Moving Averages, Envelops, Ballinger Bands, Average True Range, Median Price, Oscillators, Commodity Channel Index, Directional Movement Index, Stochastics, Moving Average Convergence-Divergence (MACD), Momentum, The Relative Strength Index (RSI), Rate of Change (ROC), Larry Williams’s %R, Indicators combination, Ichimoku Indicator

5. Fibonacci constants and Elliott wave theory

5.1. Fibonacci constants

5.2. Elliott wave theory

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