Index: Forex Trading and Market Basic Article

This blog contains the basic forex trading and marketing. It also contains articles and ebooks that can be downloaded for free. Read More......

Bull: A History of the Boom and Bust

PRODUCT DETAILS :
- Author: Maggie Mahar
- Paperback: 528 pages
- Publisher: Collins Business (October 12, 2004)
- Language: English
- ISBN-10: 0060564148
- ISBN-13: 978-0060564148
- Product Dimensions: 7.9 x 5.3 x 1.4 inches
- Shipping Weight: 13.6 ounces

FROM BOOKLIST :
Mahar, a journalist, explores the intrigue and implications of the famous 1982-99 bull market. We are introduced to money managers, stock analysts, and market timers who played critical roles, as well as an unprecedented number of average men and woman (called "main street investors") who poured their retirement savings into mutual funds--money most of them could not afford to lose. Small investors were not advised of the inherent risks in their investments, says Mahar, and the media hype was so great and the news was so good that thousands upon thousands gave Wall Street their confidence. The book concludes with the author's thoughts on topics such as the "buy and hold" strategy; managing risk in a bear market; strategic market timing; and commodities, gold, and the dollar. The 1982-99 run of the bulls on Wall Street was part of a longer cycle that governs the stock market, and Mahar teaches many valuable lessons in this excellent history and analysis. Mary Whaley
Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.


DESCRIPTITON FROM PUBLISHERS :
From Publishers Weekly
Financial journalist Mahar offers a thorough and accessible history of the explosive 1982-1999 bull market that is illuminating as well as sobering from the current bear market perspective. She notes that most people swept up in the euphoria of this latest market surge failed to recall the lessons of 1929-1934 and 1970-1974, when earlier bubbles collapsed and investors lost heavily. Citing studies by esteemed economists John Kenneth Galbraith and Charles Kindleberger, Mahar reminds readers that this self-blinding euphoria is a regular feature of every bull market.

In vivid detail, she documents the trends and outsized personalities that fueled this particular bull market, including the surge of leveraged buyouts of 1984-1987, the mania for junk bonds, falling short-term interest rates, the rush of individual investors into 401(k) retirement plans, the power (and appetites) of mutual funds and the media frenzy that lent an unlikely allure to quarterly corporate earnings reports.

As the runup in stock prices gained momentum in the late 1990s while evidence of corporate accounting shenanigans mounted, Mahar's account assumes the compelling power of an oncoming train wreck. Survivors of the recent market meltdown can profit from Mahar's assertion: "Ultimately, secular bear markets teach investors to learn to manage risk in a different way, focusing not on the odds, but on the size of risk." Individual investors will also gather that they need to be more skeptical of some sources of "information" and to be much better informed not to be burned again. Charts.
Copyright 2003 Reed Business Information, Inc. --This text refers to the Hardcover edition.

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Technical Analysis Plain and Simple: Charting the Markets in Your Language (2nd)

PRODUCT DETAILS :
- Author:Michael N. Kahn
- Hardcover: 352 pages
- Publisher: FT Press; 2 edition (June 12, 2006)
- Language: English
- ISBN-10: 0131345974
- ISBN-13: 978-0131345973
- Product Dimensions: 9 x 6.2 x 1.4 inches
- Shipping Weight: 1.5 pounds

REVIEW :
Top technical analyst and Barron's Online columnist Kahn demystifies technical analysis. While many investors view technical analysis as a mystical "tea-leaf reading" process, "this could not be further from the truth," says the author, in the second edition of this handy guide to technical analysis. Indeed, Kahn teaches investors how to bring clarity and objectivity to their market decisions by augmenting their fundamental research with the use of technical analysis.

Beginning with a general overview of the subject, the author then moves on to the core concepts of chart analysis and the various facets of the investment process. Finally, he covers more advanced topics like candlesticks, cycles and Elliot waves, and also explains common technical terms and jargon and how to identify patterns, listen to the market and "reality check" broker recommendations. Investors will appreciate this straightforward and clear guide to technical analysis. --Kirkus Reports, Vol. 3, Issue 3 (March 31, 2006)


DESCRIPTITON :
Top technical analyst and Barron’s Online columnist Kahn demystifies technical analysis.

While many investors view technical analysis as a mystical “tea-leaf reading” process, “this could not be further from the truth,” says the author, in the second edition of this handy guide to technical analysis. Indeed, Kahn teaches investors how to bring clarity and objectivity to their market decisions by augmenting their fundamental research with the use of technical analysis. Beginning with a general overview of the subject, the author then moves on to the core concepts of chart analysis and the various facets of the investment process. Finally, he covers more advanced topics like candlesticks, cycles and Elliot waves, and also explains common technical terms and jargon and how to identify patterns, listen to the market and “reality check” broker recommendations.

Investors will appreciate this straightforward and clear guide to technical analysis.

--Kirkus Reports, Vol. 3, Issue 3 (March 31, 2006)

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All About Stocks: The Easy Way to Get Started

PRODUCT DETAILS :
- Full Title : All About Stocks: The Easy Way to Get Started
- Paperback: 339 pages
- Publisher: McGraw-Hill; 2 edition (December 20, 1999)
- Language: English
- ISBN-10: 0071345086
- ISBN-13: 978-0071345088
- Product Dimensions: 8.8 x 6 x 1 inches
- Shipping Weight: 1.5 pounds

DESCRIPTITON :
All About Stocks, Second Edition, covers stock market basics for newcomers and provides concise and understandable answers to today's most-asked stock market questions. Entirely rewritten from the first edition­­with diagrams, charts, and tables added to increase its usefulness­­this second edition now includes information on:

- Using the Internet for both information and trading
- How mutual funds can ease stock market anxieties
- How to buy a stock­­and how to know when it's time to sell


BACK COVER :
All About Stocks, Second Edition, will make you a smarter, more accomplished investor. This bottom-line guidebook is now updated to explain every essential aspect of today's stock market ­­in which the rewards as well as the risks have increased dramatically over the past five years­­and is arranged to provide quick, clear answers to any questions you might have.

All About Stocks is written to be understood by an investor ­­yet packed with information that will be valuable to everyone! Practical, hands-on guidance on how you can use the Internet to find and buy undervalued stocks...strategies on selecting a mutual fund for both above-average returns and below-average risk...types of trades that can significantly increase your safety during turbulent markets...it's all here. Before you invest, read All About Stocks and discover:

What stocks are, and why you should own them
Explanations of the different types of orders
How fundamental and technical analysis can help you find undervalued stocks
Aspects of growth stocks and value stocks
What mutual funds are, how they work, and which are right for you
Easy-to-follow strategies to assemble a high-growth, low-risk, versified portfolio
Strategies for buying indexed mutual funds and index-tracking stocks


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Trading to Win: The Psychology of Mastering the Markets

PRODUCT DETAILS :
- Hardcover: 272 pages
- Publisher: Wiley (October 6, 1998)
- Language: English
- ISBN-10: 0471248428
- ISBN-13: 978-0471248422
- Product Dimensions: 9.3 x 6.5 x 1.1 inches
- Shipping Weight: 1.2 pounds

DESCRIPTITON :
A breakthrough programfor achieving new heights of trading success

The product of a five-year collaboration between Dr. Ari Kiev, a leading psychiatrist renowned for his success with Olympic athletes, and top equities trader Steve Cohen, Trading to Win gives you the essential tools to overcome outmoded, self-limiting beliefs and mindsets that may be keeping you from a higher level of success. Illustrated with real market scenarios and applications, this powerful program will help psych you into a less stressful, more self-possessed mastery of the trading game and help you reach goals you may never have thought possible.


"The strategies in this book will unleash the hidden trader in you, and can substantially increase your trading profits." --Jay G. Goldman, Hedge Fund Manager.

"Ari Kiev has written a wonderful guide for money managers, traders, brokers, and investors alike. Sharing his thoughts with us regarding our behavior patterns enables us to take a step back and look at ourselves more objectively." --Seymour W. Zises, President and CEO, Family Management Corp.

The trading arena has produced its share of select "super-traders," market practitioners who set themselves apart from the rest of the field with one distinct advantage: mental and emotional toughness. Like outstanding athletes who stay focused, remain calm, and stick to their game plan, these master traders in this highly risky, highly competitive arena possess an edge that keeps them from being distracted by fear, self-doubt, greed, and other emotional components that can cause major losses and prevent gains from soaring to new highs.

Trading to Win presents a step-by-step, goal-oriented program for building the mental and emotional stamina not only to win, but to win on an unprecedented level. Created by a leading psychiatrist for a top trading firm, this proven approach spotlights a set of philosophical and behavioral principles designed to assist you in implementing proactive trading strategies, as well as developing the mindset needed to trade effectively in the realm of uncertainty. Delving into your underlying thought processes when you trade, Trading to Win enables you to understand what is motivating you, whether it is consistent with your game plan, and whether you are in any way sabotaging yourself.

Fully supplemented with real market trading scenarios, Trading to Win shows you how to apply key concepts where it counts--in actual trading room situations. For both professional traders and sophisticated investors, this remarkable program offers a rare opportunity for both personal and financial gain.

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The Geometry of Stock Market Profits

PRODUCT DETAILS :
- Author:Michael Jenkins
- Publisher: Traders Press
- Number Of Pages: 176
- Publication Date: 1996-08
- ISBN-10 / ASIN: 0934380279
- ISBN-13 / EAN: 9780934380270

Customer Reviews :
I have read both of Michael Jenkin's books they are both almost the same they both contain the same gann stuff you can find online for free if you just search gann (im sure everyone has run into this stuff online) do yourself a favor and join some groups or forums that are related to gann or get some courses that teach it (i find the groups help the most) But as far as this book goes it did not help me one bit.


DESCRIPTITON :
This book is about Jenkins' proprietary techniques, with major emphasis on cycle analysis, how he views and uses the methods of W. D. Gann, and the geomery of time and price. Among the many topics, you will learn:

1. Which angles are important and how to draw them correctly.
2. How professional traders think and the types of strategies they use day to day.
3. How to place stops correctly.
4. How to construct and use Gann Squares for analysis and forecasting of individual stocks and commodities.
5. How long the basic trend can be expected to last.
6. When and where to buy and well
7. How to utilize Gann angles and methods that predict exact turning points with high probability.
8. The numerological interrelationships of price and time forecasting.
9. Ten trading tips to make you rich.

This book is a trading classic and you will treasure the contribution it will make to your trading proficiency and profit.

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Basic: Calculating Profit and Loss

For ease of use, most online trading platforms automatically calculate the
P&L of a traders' open positions. However, it is useful to understand how
this calculation is formulated:

To illustrate an FX trade, consider the following two examples.


Let's say that the current bid/ask for EUR/USD is 1.4616/19, meaning you can
buy 1 euro for 1.4619 or sell 1 euro for 1.4616.


Suppose you decide that the Euro is undervalued against the US dollar. To execute
this strategy, you would buy Euros (simultaneously selling dollars), and then
wait for the exchange rate to rise.

So you make the trade: to buy 100,000 Euros you pay 146,190 dollars (100,000
x 1.4619). Remember, at 1% margin, your initial margin deposit would be approximately
$1,461 for this trade.

As you expected, Euro strengthens to 1.4623/26. Now, to realize your profits,
you sell 100,000 Euros at the current rate of 1.4623, and receive $146,230
You bought 100k Euros at 1.4619, paying $146,190. Then you sold 100k Euros
at 1.4623, receiving $146,230. That's a difference of 4 pips, or in dollar terms
($146,190 - 146,230 = $40).

Total profit = US $40.

Now in the example, let's say that we once again buy EUR/USD when trading at
1.4616/19. You buy 100,000 Euros you pay 146,190 dollars (100,000 x 1.4619).

However, Euro weakens to 1.4611/14. Now, to minimize your loses to sell 100,000
Euros at 1.4611 and receive $146,110.

You bought 100k Euros at 1.4619, paying $146,190. You sold 100k Euros at 1.4611,
receiving $146,110. That's a difference of 8 pips, or in dollar terms ($146,190 - $146,110 = $80)

Total loss = US $80.

Source : www.forex.com
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