Day Trading and Swing Trading the Currency Market - (Wiley Trading) 3rd Edition by Kathy Lien (Paperback) (2024)

About the Book

"Play the forex markets to win with this invaluable guide to strategy and analysis Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions. Now in it's third edition, this invaluable guide provides the latest statistics, data, and analysis of recent events, giving you the most up-to-date picture of the state of the fast-moving foreign exchange markets. You'll learn how the interbank currency markets work, and how to borrow strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more. The companion website gives you access to video seminars on how to be a better trader, providing another leg up in this competitive market. The multi-billion-dollar foreign exchange market is the most actively traded market in the world. With online trading platforms now offering retail traders direct access to the interbank foreign exchange market, there's never been a better time for individuals to learn the ropes of this somewhat secretive area. This book is your complete guide to forex trading, equipping you to play with the big guys and win--on your own terms. Understand how the foreign currency markets work, and the forces that move them Analyze the market to profit from short-term swings using time-tested strategies Learn a variety of technical trades for navigating overbought or oversold markets Examine the unique characteristics of various currency pairs Many of the world's most successful traders have made the bulk of their winnings in the currency market, and now it's your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders"--

Book Synopsis

Play the forex markets to win with this invaluable guide to strategy and analysis

Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions. Now in it's third edition, this invaluable guide provides the latest statistics, data, and analysis of recent events, giving you the most up-to-date picture of the state of the fast-moving foreign exchange markets. You'll learn how the interbank currency markets work, and how to borrow strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more. The companion website gives you access to video seminars on how to be a better trader, providing another leg up in this competitive market.

The multi-billion-dollar foreign exchange market is the most actively traded market in the world. With online trading platforms now offering retail traders direct access to the interbank foreign exchange market, there's never been a better time for individuals to learn the ropes of this somewhat secretive area. This book is your complete guide to forex trading, equipping you to play with the big guys and win--on your own terms.

  • Understand how the foreign currency markets work, and the forces that move them
  • Analyze the market to profit from short-term swings using time-tested strategies
  • Learn a variety of technical trades for navigating overbought or oversold markets
  • Examine the unique characteristics of various currency pairs

Many of the world's most successful traders have made the bulk of their winnings in the currency market, and now it's your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders.

From the Back Cover

YOUR INVALUABLE GUIDE FOR PLAYING THE FOREX MARKETS WITH CONFIDENCE AND SKILL

Thoroughly revised and updated, the Third Edition of Day Trading and Swing Trading the Currency Market outlines for traders the most current strategies and information needed for developing the skills to win in the highly competitive forex marketplace. Kathy Lien--an expert in forex trading--includes the latest statistics, data, and analysis of recent events that combine to create an up-to-date depiction of the fast-moving foreign exchange markets.

Written in jargon-free language, this comprehensive resource describes the technical and fundamental strategies and offers explanations of approaches involving inter-market relationships, interest rate differentials, option volatilities, and news events. The author also includes information on the best times to trade currencies, the most market-moving economic data across market correlations, and unique currency characteristics.

Discover how to borrow tactics from the most successful players in the game to profit from trends and compete with the big boys on your own terms.

About the Author

KATHY LIEN is Managing Director of FX Strategy for BK Asset Management and Co-Founder of BKForex.com. Having graduated New York University's Stern School of Business at the age of 18, Kathy immediately started working on Wall Street, where she earned more than 13 years of experience in the financial markets with a focus on G20 currencies. Her career started at J.P. Morgan Chase where she worked on the interbank FX trading desk and later in the cross markets proprietary trading group. As an expert on G20 currencies, Kathy is often quoted in The Wall Street Journal, Reuters, Marketwatch, Associated Press, UK Telegraph, Sydney Morning Herald, and other leading news publications. She is also an internationally published author of the bestselling book Day Trading and Swing Trading the Currency Market as well as The Little Book of Currency Trading and Millionaire Traders: How Everyday People Beat Wall Street at its Own Game.

Day Trading and Swing Trading the Currency Market - (Wiley Trading) 3rd Edition by  Kathy Lien (Paperback) (2024)

FAQs

What is the synopsis of day trading and swing trading the currency market? ›

Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more.

What is the swing trading strategy for day traders? ›

The primary difference in the trading strategies is that day traders trade many stocks during a day, while swing traders trade many stocks over a longer time frame, typically two days to a few weeks.

What is the difference between day trading and swing trading? ›

Swing trading often involves at least an overnight hold, whereas day traders close out positions before the market closes. To generalize, day trading positions are limited to a single day, while swing trading involves holding for several days to weeks.

What chart to look at for swing trading? ›

There are two types of charts you can use when swing trading: candlestick charts and bar charts.

Which is riskier day trading or swing trading? ›

Is Day Trading Riskier Than Swing Trading? Both day trading and swing trading comes with significant risks. Generally speaking, the greater the risk, the greater the profit. Day trading plays on smaller price movements, so the risk is lower than swing trading.

Who makes more money day trading or swing traders? ›

Swing trade positions have a better potential for larger gains and losses than day trade positions since they are generally open longer. Because each trading approach is unique, traders should select a strategy that suits their talents, interests, and lifestyle.

How much money do day traders with $10,000 accounts make per day on average? ›

On average, day traders with $10,000 accounts can make $200-$600 per day, with skilled traders aiming for 2%-5% returns daily. So, it is possible to achieve a daily profit of $200 to $600 with a $10,000 account.

Who is the most successful swing trader? ›

George Soros - One of the most successful swing traders of all time is George Soros. Soros is a Hungarian-American billionaire investor, business magnate, philanthropist, and political activist. He is best known for his legendary trade in 1992, when he made $1 billion in a single day by short selling the British pound.

What is the downside of swing trading? ›

Missing Long Term Opportunities: Swing trading, focused on short term price swings, may lead to missing out on lucrative long term investment opportunities. Exiting trades at the first signs of a drop or pullback can result in overlooking stocks with the potential for significant long term returns.

What is the difference between day trading and currency trading? ›

The main difference between day trading and Forex is that Forex is a trading instrument that deals with currency exchanges, whereas day trading is a form of trading or a trading strategy in which you buy and sell instruments in a single trading day.

What is the main idea of day trading? ›

Day trading is a fast-paced form of investing in which individuals buy and sell securities within the same day. The goal is to profit from short-term price movements in stocks, options, futures, currencies, and other assets.

What is swing trading overview? ›

In its simplest form, swing trading seeks to capture short-term gains over a period of days or weeks. Swing traders may go long or short the market to capture price swings toward either the upside or downside, or between technical levels of support and resistance.

What is the logic behind day trading? ›

The goal of day trading is to capitalize on supply and demand inefficiencies, which generate intraday market price action. There are a variety of trading strategies a day trader may employ, including scalping, news-based trading, and high-frequency trading.

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