1. Edition - May 2007
67.90 Euro
2007. 240 Pages, Softcover
- Handbook/Reference Book -
ISBN-10: 0-470-12046-0
ISBN-13: 978-0-470-12046-0 - John Wiley & Sons








Detailed description
Charting the Major Forex Pairs

Financial markets tend to move in patterns, and being able to visualize and analyze those patterns can provide you with a powerful and profitable advantage-especially in the foreign exchange market. Nobody knows this better than active Forex traders Michael Archer and James Bickford.

Now, with Charting the Major Forex Pairs, they'll show you how to make the most of your time in this market by using technical analysis to study and chart today's most commonly traded currency pairs.

Written in a straightforward and accessible style, this comprehensive guide opens with a professional overview of the little-known characteristics unique to spot currency data, as well as a detailed discussion of the mathematical and statistical tools that facilitate the visual approach to technical analysis. After addressing these important issues, Charting the Major Forex Pairs quickly moves on to examine the essential elements of the five most frequently traded Forex currency pairs-the U.S. Dollar, the Euro Currency, the British Pound, the Swiss Franc, and the Japanese Yen-and illustrate how you can use annual, monthly, and composite charts to profit from them. Along the way, you'll also be introduced to the concept of cross rates-any currency pair in which neither the base currency nor the quote currency is the U.S. Dollar-and comparative studies that analyze the correlation of spot currency prices to futures prices and precious metals.

Ideal for currency and futures traders with a reasonable degree of experience in the foreign exchange markets, Charting the Major Forex Pairs will enhance your chances of success in this field.

From the contents
Acknowledgment.

About the Authors.

Introduction.

PART I Getting Started.

CHAPTER 1 Understanding Forex Data.

Overview.

Streaming Data.

Interval Data.

CHAPTER 2 Tools of the Trade.

Overview.

Activity.

Direction.

Absolute Range.

Midrange.

Relative Range.

Absolute Momentum.

Standard Deviation.

Coefficient of Variation.

Composite Charts.

PART II Euro Currency.

CHAPTER 3 History of the Euro Currency.

Why Trade the Euro Currency?

Historical Perspective.

Banknotes and Coins.

Euro Currency versus Euro Dollar.

CHAPTER 4 Annual Charts.

OHLC and Activity Charts.

Statistics.

CHAPTER 5 Monthly Charts.

OHLC and Activity Charts.

Statistics.

CHAPTER 6 Composite Charts.

Daily Composite Charts.

Weekly Composite Charts.

Caveat.

PART III British Pound.

CHAPTER 7 History of the Pound.

Why Trade the British Pound?

Historical Perspective.

The Gold Standard.

Banknotes and Coins.

CHAPTER 8 Annual Charts.

OHLC and Activity Charts.

Statistics.

CHAPTER 9 Monthly Charts.

OHLC and Activity Charts.

Statistics.

CHAPTER 10 Composite Charts.

Daily Composite Charts.

Weekly Composite Charts.

PART IV Swiss Franc.

CHAPTER 11 History of the Swiss Franc.

Why Trade the Swiss Franc?

Historical Perspective.

Banknotes and Coins.

CHAPTER 12 Annual Charts.

OHLC and Activity Charts.

Statistics.

CHAPTER 13 Monthly Charts.

OHLC and Activity Charts.

Statistics.

CHAPTER 14 Composite Charts.

Daily Composite Charts.

Weekly Composite Charts.

PART V Japanese Yen.

CHAPTER 15 History of the Japanese Yen.

Why Trade the Yen?

Historical Perspective.

Banknotes and Coins.

CHAPTER 16 Annual Charts.

OHLC and Activity Charts.

Statistics.

CHAPTER 17 Monthly Charts.

OHLC and Activity Charts.

Statistics.

CHAPTER 18 Composite Charts.

Daily Composite Charts.

Weekly Composite Charts.

PART VI Cross Rates.

CHAPTER 19 Cross Rates Charts.

Overview.

Monthly OHLC and Activity Charts.

Daily OHLC and Activity Charts.

Composite Activity Charts.

CHAPTER 20 Cross Rate Statistics.

Cross Rate Activity Summary.

Single Currency Activity.

PART VII Comparative Studies.

CHAPTER 21 Major Currencies and Currency Futures.

Overview.

Futures Volume and Open Interest.

Pip Differential Oscillator.

Activity versus Volume and Open Interest.

CHAPTER 22 Major Currencies and Precious Metals.

Overview.

Gold Charts.

Gold Statistics.

Silver Charts.

Silver Statistics.

Caveat.

CHAPTER 23 The Mundo Currency.

Overview.

International Currency Unit.

Mundo Calculation.

Mundo Differential Chart.

Usage.

APPENDIXES.

A. ISO Currencies Pairs.

B. Exchange Rates.

C. Global Banking Hours.

Resources.

Index.