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<p>Preface xi</p> <p>Introduction 1</p> <p>Which Do You Do? 2</p> <p><b>Part One Basic Training 5</b></p> <p><b>Chapter 1 Lagging Indicators 7</b></p> <p>Moving Averages 7</p> <p>Moving Average Convergence Divergence (MACD) 9</p> <p>Bollinger Bands 14</p> <p>Standard Deviation 19</p> <p>Summary 19</p> <p><b>Chapter 2 Leading Indicators 21</b></p> <p>Price Support and Resistance 21</p> <p>Fibonacci Retracements 24</p> <p>Fibonacci Extensions 29</p> <p>Summary 33</p> <p>Part One Summary 34</p> <p><b>Part Two Strategic Analysis 37</b></p> <p><b>Chapter 3 How to Gather Market Intelligence to Formulate a Trading Strategy 39</b></p> <p>Spy Plane View 39</p> <p>Inflation Sensation 40</p> <p>Central Banking 42</p> <p>Inflation Targeting 42</p> <p>Cost of Money 42</p> <p>Money Magnets 43</p> <p>Interested in Valuation 44</p> <p>Foreign Exchange 45</p> <p>Demanding Consequences 45</p> <p>House of Cards 46</p> <p>Not Interested 46</p> <p>Summary 49</p> <p><b>Chapter 4 The Carry Trade 51</b></p> <p>Free House 53</p> <p>Scary Carry 54</p> <p>Power Yen 55</p> <p>Summary 56</p> <p><b>Chapter 5 Forex and the Fed 57</b></p> <p>Forex Economics 57</p> <p>The Federal Reserve System 69</p> <p>Summary 73</p> <p><b>Chapter 6 Commodity Correlations 75</b></p> <p>Commodity Correlation: Oil 75</p> <p>Commodity Correlation: Gold 77</p> <p>Commodity Correlation: Equities 78</p> <p>Trading Commodities 81</p> <p>Summary 81</p> <p><b>Chapter 7 Greenback Guru: Why You Should Specialize in Trading U.S. Dollars 83</b></p> <p>What’s Your USD Bias? 84</p> <p>Currency Correlation Coefficient 85</p> <p>Trading Currency Correlation 86</p> <p>Trading a Basket of Currencies 88</p> <p>Petrodollars 89</p> <p>Yet another Reason 90</p> <p>Summary 90</p> <p>Part Two Summary 91</p> <p><b>Part Three Rules of Engagement 93</b></p> <p>What’s the Time? 94</p> <p><b>Chapter 8 Market Analysis 95</b></p> <p>Speed of the Market 95</p> <p>Momentum of Price 101</p> <p>Summary 104</p> <p><b>Chapter 9 Fundamental Analysis 105</b></p> <p>Economic Announcements 105</p> <p>Global Money Flow 106</p> <p>Interest Rates and Currency Values 106</p> <p>Market Bias 107</p> <p>Announcement Calendar 108</p> <p>Summary 110</p> <p><b>Chapter 10 Technical Analysis 111</b></p> <p>Self-Fulfilling Prophecy 111</p> <p>Range Analysis 112</p> <p>Trend Analysis 121</p> <p>Pivot Analysis 126</p> <p>Summary 132</p> <p><b>Chapter 11 Risk Analysis 133</b></p> <p>Fear of Loss 133</p> <p>Fear of Profit 134</p> <p>Limits 134</p> <p>FX Bootcamper Credo 135</p> <p>Limits for Loss 136</p> <p>Limits for Profit 138</p> <p>More Tactics for Trade Entry and Exits 139</p> <p>Your Mind’s Eye 140</p> <p>Do Nothing 141</p> <p>Do You Have the Guts? 142</p> <p>Second Chances in Forex 143</p> <p>Summary 145</p> <p>Part Three: Summary 146</p> <p><b>Part Four Tactical Planning 149</b></p> <p><b>Chapter 12 Candlestick Patterns 151</b></p> <p>Reversal Patterns 152</p> <p>Reverse and Continuation Patterns 158</p> <p>Trending Only 161</p> <p>Summary 162</p> <p><b>Chapter 13 Range Trading 163</b></p> <p>Get in the Ring 163</p> <p>Floors and Ceilings 164</p> <p>Over and Out 165</p> <p>Summary 169</p> <p><b>Chapter 14 Trading the News 171</b></p> <p>Conservative News Trades 174</p> <p>Summary 182</p> <p>Part Four Summary 183</p> <p><b>Part Five Psychological Warfare 185</b></p> <p><b>Chapter 15 How to Cope with Pre- and Post-Trading Stress Disorders 187</b></p> <p>Going Mental 188</p> <p>Common Thread 189</p> <p>Understand Yourself, Understand Your Trades 191</p> <p>Summary 193</p> <p><b>Chapter 16 Trade Journals 195</b></p> <p>3X the 4X 201</p> <p>Summary 202</p> <p><b>Chapter 17 Target Practice 203</b></p> <p>Summary 205</p> <p><b>Chapter 18 Three-Year Plan 213</b></p> <p>FX Business Planner 213</p> <p>Risk Management 216</p> <p>Summary 222</p> <p>Part Five Summary 223</p> <p><b>Chapter 19 Closing Notes 225</b></p> <p>The Genesis of FX Bootcamp 225</p> <p>Lead by Example 227</p> <p>Additional Support 228</p> <p>Index 231</p>

<b>WAYNE McDONELL</b> is the Chief Currency Coach of FX Bootcamp (<b>www.fxbootcamp.com</b>), a live Forex training organization. He is a professional Forex trader, a member of the National Futures Association, and a registered Commodities Trading Advisor. Respected in the Forex industry as a successful trainer, McDonell is a regular speaker at major investing conferences and expos in Asia, Europe, and America. His videos are syndicated around the world on outlets including Forex Television, FXstreet.com, MoneyShow.com, and MSN. His live trading Webinars have attracted up to 1,000 traders each. McDonell has written "how-to" articles for investing magazines, such as <i>Your Trading Edge</i> and the <i>FOREX Journal</i> magazine. He has also received notoriety in the National Post, TechWeek, Interactive Week, and <i>Inc</i>. magazine to name a few.

<b>Praise for The <i>FX Bootcamp's GUIDE TO Strategic and Tactical Forex Trading</i></b> <p>"Wayne McDonell is the most popular Forex speaker on our Web site. His live training and educational events draw large crowds of traders because he can explain complex Forex trading concepts in a common language that anyone can understand. This book does the same. I highly recommend it."<br /> —Francesc Riverola, CEO of FXstreet.com</p> <p>"If you're looking for specific strategies and methods for making money with currency trading, you need to start reading this book today. Wayne knows from experience what it takes to succeed in the Forex markets. He provides step-by-step instructions and explains in common language what to look for in charts and in the news to find profitable trades immediately. Don't make a single Forex trade until you've read this book!"<br /> —Tim Bourquin, founder of The Forex Trading Expo</p> <p>With The <i>FX Bootcamp's Guide to Strategic and Tactical Forex Trading</i>, McDonell shares his invaluable experience as a Forex trader and commodities trading advisor with you. Filled with in-depth insights and practical advice, this straightforward guide will teach you how to think for yourself and trade successfully—relying on your own technical, fundamental, and even psychological analysis. First, you'll become familiar with the indicators—from moving averages to price support and resistance—that form the foundation of the trading methodologies discussed in the book. Then, you'll discover how to put together a trading plan, and trade that plan for maximum profits. Along the way, McDonell also takes the time to discuss the various challenges you may face while trading Forex and explains how treating your trading operations like a business can improve overall performance.</p> <p>If you want to be a successful Forex trader, you must have a firm understanding of how the global market works and how to trade it. With The FX Bootcamp's Guide to Strategic and Tactical Forex Trading, you'll quickly learn how to gather intelligence, formulate a strategy, and confidently pull the trading trigger.</p>

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