Trading For A Living In The Forex Market

Contents
1. Common knowledge about the trading on Forex
1.1. Forex as a part of the global financial market
A brief history about the rise and development of Forex.
The factorsthat caused Foreign Exchange Volume Growth on Forex (Exchange
Rate Volatility,Business Internationalization, Increasing of Traders’
Sophistication, Developments inTelecommunications,Computer and
Programming Development). The role of the U.S. Federal Reserve System and
central banks of other G-7 countries on Forex.
1.2. Risks by the trading on Forex
1.3. Forex sectors
Spot Market
Forward Market
Futures Market
CurrencyOptions
2. Major currencies and trade systems
2.1. Major currencies
The U.S. Dollar
The Euro
The JapaneseYen
The British Pound
The Swiss Franc
2.2. Trade systems onForex
Trading with brokers
Direct dealing
3. Fundamental analysis by trading on Forex
3.1 Theories of exchange rate determination
Purchasing Power Parity
Theoryof Elasticities
Modern monetarytheories on exchange rate volatility
3.2. Indicators for the fundamental analysis
Economic indicators
The Gross National Product
The Gross Domestic Product
Consumption Spending
Investment Spending
Government Spending
Net Trading
Industrial sector indicators
Industrial Production
CapacityUtilization
FactoryOrders
Durable Goods Orders
Business Inventories
ConstructionData
Inflation Indicators
Producer Price Index
Consumer Price Index
Gross National Product Implicit Deflator
Gross Domestic Product Implicit Deflator
Commodity Research Bureau’sFutures Index
The Journal ofCommerce Industrial Price
Balance of Payments
Merchandise Trade Balance
The U.S. – Japan Merchandise Trade Balance
EmploymentIndicators
Employment Cost Index
Consumer Spending Indicators
Retail Sales
Consumer Sentiment
Auto Sales
Leading Indicators
Personal Income
3.3. Forex dependenceon financial and sociopolitical factors
The Role of Financial Factors
Political Crises Influence
4. Technical analysis
4.1. The destination and fundamentals of technical analysis
Theory of Dow
Percent measures of pricesreverse
4.2. Charts for the technical analysis
Kinds of prices and time units
Kinds of charts
Line Chart
Bar Chart
Candlestick Chart
4.3. Trends, Support and Resistance lines
Trend Line and Trade Channel
Lines of Support and Resistance
4.4. Trend Reversal patterns
Head-and-Shoulders
Inverted Head-and-Shoulders
Double Top
Double Bottom
Triple Top
Triple Bottom
Round Top, Round Bottom, Saucer, Inverted Saucer
4.5. Trend Continuation patterns
Flags
Pennants
Triangles
Wedges
Rectangles
4.6. Gaps
Common Gaps
BreakawayGaps
RunawayGaps
Exhaustion Gaps
4.7. Mathematical trading methods (Technical indicators)
Moving Averages
Envelops
Ballinger Bands
Average TrueRange
Median Price
Oscillators
CommodityChannel Index
Directional Movement Index
Stochastics
MovingAverage Convergence-Divergence (MACD)
Momentum
The Relative Strength Index (RSI)
Rate of Change (ROC)
LarryWilliams’s %R
Indicators combination
Ichimoku Indicator
5. Fibonacci constants and Elliott wave theory
5.1. Fibonacci constants
5.2. Elliott wave theory