Details

<p>Preface xi</p> <p>Acknowledgments xix</p> <p><b>Part One Forex Is a Game 1</b></p> <p><b>Chapter 1 How to Play the Game 3</b></p> <p>The Forex Game 3</p> <p>Forex and the Seven Majors 5</p> <p>Leverage 11</p> <p>Summary 14</p> <p><b>Chapter 2 How Money Is Made in the Game 15</b></p> <p>Buy Low, Sell High 15</p> <p>Three Points in Every Trade 17</p> <p>Bid/Ask Spread 23</p> <p>What Causes the Price of Currencies to Fluctuate? 25</p> <p>Fraction Theory 30</p> <p>Reading the Charts 31</p> <p>Market Structure 37</p> <p>Summary 48</p> <p><b>Chapter 3 The Six Major Players 51</b></p> <p>Central Banks 51</p> <p>Commercial and Investment Banks 58</p> <p>Multinational Corporations 62</p> <p>Institutional Traders 68</p> <p>Retail Forex Brokers 69</p> <p>Retail Traders 70</p> <p>Summary 70</p> <p><b>Chapter 4 Why You Must Play the Game 73</b></p> <p>Top 17 Reasons to Trade Forex 73</p> <p>Summary 84</p> <p><b>Chapter 5 Play It Your Way: Understanding Your Profile 87</b></p> <p>The Experiment 88</p> <p>Five Categories of Forex Traders 92</p> <p>Your Perfect Strategy 98</p> <p>Summary 107</p> <p><b>Part Two Strategies to Win the Game 109<br /> </b><i>Includes details on the FXPRIMUS 100% bonus trading credit</i></p> <p><b>Chapter 6 Strategies for Scalpers 111</b></p> <p>Strategy 1: Rapid-Fire Strategy 111</p> <p>Strategy 2: Piranha Strategy 118</p> <p><b>Chapter 7 Strategies for Day Traders 125</b></p> <p>Strategy 3: Fade the Break 126</p> <p>Strategy 4: Trade the Break 131</p> <p>Trading the News 138</p> <p>Strategy 5: Gawk the Talk 143</p> <p>Strategy 6: Balk the Talk 148</p> <p><b>Chapter 8 Strategies for Swing Traders 155</b></p> <p>Strategy 7: Trend Rider 155</p> <p>Strategy 8: Trend Bouncer 163</p> <p>Strategy 9: Fifth Element 169</p> <p>Strategy 10: Power Ranger 177</p> <p>Strategy 11: The Pendulum 185</p> <p><b>Chapter 9 Strategies for Position Traders 191</b></p> <p>Strategy 12: Swap and Fly 192</p> <p>Strategy 13: Commodity Correlation (Part 1) 199</p> <p>Strategy 13: Commodity Correlation (Part 2) 204</p> <p>Strategy 14: Siamese Twins 210</p> <p><b>Chapter 10 Strategies for Mechanical Traders 217</b></p> <p>Strategy 15: Guppy Burst 217</p> <p>Strategy 16: English Breakfast Tea 223</p> <p>Strategy 17: Good Morning Asia 228</p> <p><b>Chapter 11 Conclusion 235</b></p> <p>Bibliography 239</p> <p>About the Author 241</p> <p>About the Website 243<br /> <i>Plus FXPRIMUS 100% bonus trading credit</i></p> <p>Index 245 </p>

<p><b>Mario Singh</b> is founder and CEO of FX1 Academy, the first and largest Forex education company in Singapore and Malaysia. He has personally touched the lives of over 20,000 people, helping them move closer to their financial goals through Forex trading. Mario Singh is also the director of training and education of FXPRIMUS, Asia's fastest growing Forex broker. He is featured regularly in <i>Smart Investor</i> and <i>Your Trading Edge,</i> and has appeared on CNBC, Channel NewsAsia, "Personal Money," News Radio, <i>City News, The Straits Times,</i> FXstreet<i>,</i> and <i>Your Choice.</i> He also writes a weekly Forex column for a Singaporean national newspaper, <i>My Paper.</i></p>

<p>"This is an excellent primer for traders at the start of their Forex trading career. I especially like the fact that it is separated into two parts, with Part 1 covering a complete introduction to Forex and Part 2 covering the exact strategies. At the end, Mario provides two invaluable pieces of advice for continued success. Firstly, he provides the five rules a trader must adhere to. Secondly, he sets out the three character attributes a trader must have. I believe this book deserves a place in your bookshelf."<br /> —Ray Barros, trader, private hedge fund manager, and author of <i>The Nature of Trends</i></p> <p>"Since I have been investing in international equities for many years, this book was of particular interest. Foreign exchange impacts us all and particularly those of us investing globally. This book gives a fascinating insight into exactly how the Foreign Exchange market, the world's largest, actually works. I was particularly interested in the description of the six major players in the market: central banks, commercial and investment banks, multinational corporations, institutional traders, retail Forex brokers, and retail traders. One particularly fascinating feature in the book is a psychological questionnaire that determines 'What kind of trader are you?' and also deals with trading strategies for various types of traders."<br /> —Mark Mobius, President, Templeton Emerging Markets</p> <p>"Success! Mario has created a series of powerful, easy-to-use trading strategies that anyone can use regardless of their level of experience. I've had the pleasure of knowing Mario and working with him for years, and there is no better person from which to learn about currency trading. <i>17 Proven Currency Trading Strategies</i> gives the reader everything they need to succeed.<br /> —Ed Ponsi, President of FXEducator.com and EdPonsi.com</p> <p>"Mario Singh is the King of Forex in Asia! He is one of the few people who truly understands the importance of combining fundamentals with technicals and does it extremely well. He is a great friend, and his passion for trading and teaching others comes through clearly. This book is jam-packed with useful trading strategies for all types of traders. You can literally pick up this book and start trading. Well respected throughout Asia, this book will quickly become a staple on the bookshelves of all Forex traders in the region."<br /> —Kathy Lien, CNBC Contributor; Managing Director of FX Strategy, BK Asset Management</p>

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