Details

<p>Foreword ix</p> <p>Acknowledgments xiii</p> <p>Chapter 1 Introduction 1</p> <p><b>Part I Understand the Foreign Exchange Market (FX 101) 7</b></p> <p>Chapter 2 A Very Brief History of FX 9</p> <p>Chapter 3 Currency Trading Basics 17</p> <p>Chapter 4 Understand Market Structure 37</p> <p><b>Part II Trade the Foreign Exchange Market 71</b></p> <p>Chapter 5 Understand Fundamental Analysis 73</p> <p>Chapter 6 Understand Technical Analysis I 107</p> <p>Chapter 7 Understand Technical Analysis II (The Seven Deadly Setups) 155</p> <p>Chapter 8 Understand Correlation and Intermarket Relationships 179</p> <p>Chapter 9 Understand Behavioral Finance 221</p> <p>Chapter 10 Trading the News 255</p> <p><b>Part III Understand Risk Management 293</b></p> <p>Chapter 11 Understand Free Capital 295</p> <p>Chapter 12 Understand Position Sizing 321</p> <p><b>Part IV Understand Yourself 351</b></p> <p>Chapter 13 Characteristics of a Successful Trader 353</p> <p>Chapter 14 Common Weaknesses in Trading 361</p> <p>Chapter 15 The Voice of Experience 369</p> <p>Chapter 16 Conclusion 379</p> <p>Brent Donnelly’s 25 Rules of FX Trading 381</p> <p>About the Author 383</p> <p>Index 385</p>

<p><b>BRENT DONNELLY</b> has been trading currencies since 1995 and is currently a senior FX trader at HSBC New York. A respected macroeconomic and currency analyst, Brent writes <i>AM/FX,</i> the widely-read macro and FX daily. His work has been quoted by <i>The Economist, The Wall Street Journal, Financial Times, Bloomberg,</i> and other influential media outlets. Over the course of his career he has been a market maker, trader, and senior manager at industry-leading foreign exchange banks such as Citi and Nomura and at a major hedge fund in Connecticut.

<p>"A must-read for anyone who wants to truly understand global macro trading and currency markets."</br> <b>—John Mauldin,</b> <i>New York Times</i> bestselling author and chairman of Mauldin Economics <p>PRAISE FOR <b>THE ART OF CURRENCY TRADING</b> <p>"Brent is a very experienced, smart and thoughtful currency trader. I have enjoyed exchanging views with him for the last ten years and I highly recommend his new book, which has a wealth of great information and many nuggets of unique wisdom. Markets eventually teach everybody to be humble. Brent knows that very well, and it comes across in this very educational, balanced and innovative book."</br> <b>—Jens Nordvig,</b> Founder and CEO, Exante Advisors and Exante Data, <i>Institutional Investor</i> top- ranked currency strategist (2011-2015) <p>"For years, professional investors have profited from Brent Donnelly's daily insights on currency markets. Brent is my go-to source for color on the FX world, and his lessons have become an integral part of my investment process. This book will make those lessons part of yours, too."</br> <b>—Ben Hunt,</b> Chief Investment Strategist, Salient Partners and author of <i>Epsilon Theory</i> <p>"<i>The Art of Currency Trading</i> is a handbook for novices and experts alike, starting with the basics and moving on to things like cross-asset correlations. Everyone will learn something from this book—especially that trading is hard and takes a lifetime of learning and discipline."</br> <b> —Jared Dillian,</b> Editor and Publisher, <i>The Daily Dirtnap</i> and author of <i>Street Freak</i> and <i>All the Evil of this World</i> <p>"Brent Donnelly writes about his experience in trading foreign exchange (FX). He cites 'knowledge, skill, experience, and psychology' as critical elements. His book provides all four to the reader. Well done!"</br> <b>—David R Kotok,</b> Chairman and Chief Investment Officer, Cumberland Advisors

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