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Intro How to use this book 3
1. Forex? What is it, anyway? (a simple introduction, for the very beginners…) 4
2. What is Forex trading? What is a Forex deal? 6
3. What is the global Forex market? 12
4. Overview of trading Forex online 21
5. Training for success 25
6. Technical Analysis: patterns and forecast methods used
today 29
7. Fundamental Analysis and leading market indicators 47
8. Day-Trading (on the Easy-Forex™ Trading Platform) 56
9. Twenty issues you must consider 61
10. Tips for every Forex trader 67
11. Forex glossary 74
12. Disclaimer (risk warning) 110
Chapter 1. Introduction 7
1.1. Foreign Exchange as a Financial Market 7
1.2. Foreign Exchange in a Historical Perspective 8
1.3. Main Stages of Recent Foreign Exchange Development 9
The Bretton Woods Accord 9
The International Monetary Fund 9
Free-Floating of Currencies 10
The European Monetary Union 11
The European Monetary Cooperation Fund 12
The Euro 12
1.4. Factors Caused Foreign Exchange Volume Growth 13
Interest Rate Volatility 13
Business Internationalization 13
Increasing of Corporate Interest 13
Increasing of Traders Sophistication 13
Developments in Telecommunications 14
Computer and Programming Development 14
Chapter 2. Kinds Of Major Currencies
and Exchange Systems 15
2.1. Major Currencies 15
The U.S. Dollar 15
The Euro 15
The Japanese Yen 16
The British Pound 16
The Swiss Franc 16
2.2. Kinds of Exchange Systems 17
Trading with Brokers 17
Direct Dealing 18
Dealing Systems 18
Matching Systems 18
2.3. The Federal Reserve System of the USA and
Central Banks of the Other G-7 Countries 20
The Federal Reserve System of the USA 20
The Central Banks of the Other G-7 Countries 21
Chapter 3. Kinds of Foreign Exchange Market 23
3.1. Spot Market 23
3.2. Forward Market 26
3.3. Futures Market 27
3.4. Currency Options 28
Delta 30
Gamma 30
Vega 30
Theta 31
Chapter 4. Fundamental Analysis32
4.1. Economic Fundamentals 32
Theories of Exchange Rate Determination 32
Purchasing Power Parity 32
The PPP Relative Version 33
Theory of Elasticities 33
Modern Monetary Theories on Short-term Exchange
Rate Volatility 33
The Portfolio-Balance Approach 34
Synthesis of Traditional and Modern MonetaryViews 34
4.2. Economic Indicators 35
The Gross National Product (GNP) 35
The Gross Domestic Product (GDP) 35
Consumption Spending 36
Investment Spending 36
Government Spending 36
Net Trade 36
Industrial Production 36
Capacity Utilization 36
Factory Orders 37
Durable Goods Orders 37
Business Inventories 37
Construction Indicators 37
Inflation Indicators 38
Producer Price Index (PPI) 39
Consumer Price Index (CPI) 39
Gross National Product Implicit Deflator 39
Gross Domestic Product Implicit Deflator 39
Commodity Research Bureau's Futures Index (CRB Index) 39
The “Journal of Commerce” Industrial Price Index (Joc) 40
Merchandise Trade Balance 40
Employment Indicators 40
Employment Cost Index (ECI) 41
Consumer Spending Indicators 41
Auto Sales 41
Leading Indicators 42
Personal Income 42
4.3. Financial and Sociopolitical Factors 43
The Role of Financial Factors 43
Political Events and Crises 44
Chapter 5. Technical Analysis 45
5.1. The Evolution and Fundamentals of Technical
Analysis Theory of Dow 45
Price 45
Volume and Open Interest 47
5.2. Types of Charts 49
Line Chart 49
Bar Chart 50
Candlestick Chart 51
5.3. Trends, Support and Resistance 53
Kinds of Trends 53
Percentage Retracement 55
The Trendline 55
Lines of Support and Resistance 57
5.4. Trend Reversal Patterns 59
Head-and-Shoulders 59
Signal Generated by the Head-and-shouldersPattern 59
Inverse Head-and-Shoulders 61
Double Top 61
Signals Provided by the Double Top Formation 62
Double Bottom 63
Triple Top and Triple Bottom 63
The opposite is true for the triple bottom 64
Rounded Top and Bottom Formations 65
Diamond Formation 65
5.5. Trend Continuation Patterns 67
Flag Formation 67
Pennant Formation 67
Triangle Formation 70
Wedge Formation 75
Rectangle Formation 76
5.6. Gaps 78
Common Gaps 78
Breakaway Gaps 78
Runaway Gaps 79
Trading Signals for Runaway Gaps 79
Exhaustion Gaps 80
5.7. Mathematical Trading Methods (Indicators) 81
Moving Averages 81
Trading Signals of Moving Averages 83
Oscillators 84
Stochastics 85
Moving Average Convergence-Divergence (MACD) 86
Momentum 87
The Relative Strength Index (RSI) 88
Rate of Change (ROC) 89
Larry Williams %R 90
Commodity Channel Index (CCI) 90
Bollinger Bands 93
The Parabolic System (SAR) 93
The directional movement index (DMI) 93
Chapter 6. The Fibonacci Analysis and
Elliott Wave Theory 95
6.1. The Fibonacci Analysis 95
6.2. The Elliott Wave 96
Basics of Wave Analysis 96
Impulse Waves—Variations 98
The Diagonal Triangles 100
Failures (Truncated Fifths) 102
Chapter 7. Foreign Exchange Risks 104
7.1. Exchange Rate Risk 104
7.2. Interest Rate Risk 106
7.3. Credit Risk 107
7.4. Country Risk 108
Learn how to profit with foreign exchange markets, day trading, & more! You get these 10 ebooks which are color coded, and are for all types of novices & reveal the top secrets from the financial experienced experts!

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Chapter 1 Getting Started………………………………. Page 5
Chapter 2 For Novices Only……………………………. Page 6
Chapter 3 Forex Profits Strategy ………………………. Page 8
Chapter 4 Trade Entry………………………………….. Page 14
Chapter 5 Keeping Risk Down…………………………. Page 15
Chapter 6 How to Gain Maximum Profits……………… Page 17
Chapter 7 Trade Examples and Commentary………… Page 19
Chapter 8 When to Trade………………………………. Page 31
Chapter 9 Frequently Asked Questions……………… Page 32
Appendix Helpful Resources…………………………… Page 34
50,000 Traders & Their Forex Frustrations..........................................................5
I hear a lot about Forex trading and am very interested in learning more about it.
Can you give me a brief overview of the basics of Forex?.......................................7
How do the Forex markets operate on a 24 hour basis? ........................................9
Can you take me through a typical trade scenario?..............................................10
What types of orders do I use with Forex trading? ...............................................10
How much can I expect to make with Forex trading? ...........................................11
Forex seems to be quite different from trading stocks. What are the benefits and
risks in comparison and would a much bigger account be needed?.....................11
How do I find a reliable Forex broker? ..................................................................12
What are the best Forex pairs to trade? ...............................................................13
What is the best trading platform and charting software for both beginners and
more experienced traders alike and where should I obtain the most reliable data?
..............................................................................................................................14
Is it better to use fundamental or technical analysis with Forex trading? ............15
I am not able to dedicate the time it takes to day trade the markets. Is it possible
to trade the Forex markets on an end‐of‐day basis so I can take advantage of the
Power Forex Profit Principles
Copyright © Profits Run, Inc. Page 4 of 77
market trends while working my regular job or when sleeping? ..........................16
How is it possible to trade the Forex markets on an end‐of‐day basis using daily
bar charts when the markets are always open? ...................................................19
What are the attributes of a good Forex trading method? ...................................22
Why don’t all setup conditions trigger into positions? (NEW) ..............................23
What are the best technical indicators to use?.....................................................23
What simple strategy can I use to find good entry points?...................................29
How can I determine the initial stop loss, trailing stops, and exit points? ............31
How can I find a Forex method that works almost all of the time with minimal or
no losses?..............................................................................................................34
How can I minimize downside risk while still capturing quality gains in the Forex
markets? ...............................................................................................................35
What account size do I need to trade the Forex markets?....................................36
Where are the big money opportunities trading Forex? (NEW) ...........................37
How are orders placed with Forex brokers? (NEW) ..............................................40
How important is it to have a trading mentor? (NEW) .........................................46
Forex freedom in just 20 minutes a day?..............................................................48
Why Are You Interested In Forex? ........................................................................50
Forex Survey Summary..........................................................................................53
CHAPTER 1 : CHART TYPES.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... 1
1.1. Basic Charts, 1
1.2. Candlestick Charts, 5
1.3. Three Line Price Break Charts (3LPB), 9
CHAPTER 2: BAR GROUPS.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
2.1. Market Structures, 13
2.2. Three Bar Groups, 19
2.3. Matching HighsILows, 23
2.4. n-Bar Rallies/Declines, 27
2.5. 7-Day Narrow Range & Inside Day, 3 1
2.6. 7-Day Wide Range & Outside Day, 35
CHAPTER 3: PIVOTS. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 39
3.1. Floor Pivots, 39
3.2. Globex (Overnight) Pivots, 43
3.3. Opening Range Pivots, 47
3.4. FibZone Pivots, 5 1
CHAPTER 4: FIBONACCI.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
4.1. Fibonacci Trading, 55
4.2. Symmetry Patterns, 6 1
4.3. Market Fractals, 65
vii
CHAPTER 5: HARMONIC PATTERNS.. . . . . . ; . . . . . . . . . . 69
5.1. ABC Patterns, 69
5.2. Gartley Pattern, 73
5.3. Bat Pattern, 79
5.4. Butterfly Pattern, 83
5.5. Crab Pattern, 87
CHAPTER 6: GEOMETRIC PATTERNS.. . . . . . . . . . . . . ... 91
6.1. Triangles, 9 1
6.2. Rectangle Pattern, 99
6.3. Flags, 103
6.4. Wedge Patterns, 109
6.5. Diamond Pattern, 115
CHAPTER 7: CHANNELS.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119
7.1. Rectangle Channels, 1 19
7.2. Donchian Channel, 123
7.3. Broadening Pattern (Megaphone), 127
7.4. Linear Regression Channel, 133
7.5. Andrew's Pitchfork, 137
CHAPTER 8: BANDS.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 141
8.1. Bollinger Bands, 141
8.2. Keltner Bands, 145
8.3. Fibonacci Bands, 149
CHAPTER 9: ZIGZAG.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153
9.1. Zigzag Patterns, 153
9.2. Elliott Wave, 157
9.3. Crown Pattern, 161
CHAPTER 10: PRICE-ACTION.. .. .. . . . . . . . . . . . . . . . . . . . . . 165
10.1. Cup and Handle Pattern, 165
10.2. Head and Shoulders Pattern, 169
10.3. Parabolic Arc Pattern, 175
10.4. Three Hills and A Mountain Pattern, 179
1 0.5. Three Valleys and A River Pattern, 1 83
10.6. Spike and Ledge Pattern, 187
CHAPTER 11: TOPS AND BOTTOMS.. . . . . . . . . . . . . . . . . 191
1 1.1. Adam-Eve Patterns, 19 1
1 1.2. Trader Vic's 2B Patterns, 195
1 1.3. Trader Vic's 1-2-3 Patterns, 20 1
1 1.4. Pipe Pattern, 205
11.5. M and W Patterns, 209
1 1.6. Round Top Pattern, 2 13
1 1.7. Round Bottom Pattern, 2 17
1 1.8. V-Top Pattern, 22 1
1 1.9. V-Bottom Pattern, 225
1 1.10. Double Top Pattern, 229
1 1.1 1. Double Bottom Pattern, 233
1 1.1 2. Triple Top Pattern, 237
1 1.1 3. Triple Bottom Pattern, 24 1
CHAPTER 12: EXOTIC PATTERNS.. .. . . . . . . . . . -... . . . ..2 45
12.1. Dragon Pattern, 245
12.2. Sea Horse Pattern, 25 1
12.3. Scallops Pattern, 255
CHAPTER 13: EVENT PATTERNS.. . . . . . . . . . . . . . . . . . . . . 259
13.1. Gaps, 259
13.2. Dead Cat Bounce, 265
1 3.3. Island Reversal Pattern, 269
APPENDIX.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 273
Definitions, 274
Bibliography, 275
About .the Author, 276

Chapter 1 Introduction to Currency Trading on the FOREX Market
1. History of the FOREX market ..4
2. Why the market was formed .5
3. What moves the market .6
4. Why it is attracting so many investors ... 7
Chapter 2 Basics of Trading FOREX
1. The three global currency zones .. 13
2. When to trade ...14
3. What pairs to trade ... 14
4. How profit is measured in pips (or points) ... ...15
5. Pip (point) value of each currency pair 15
6. Lot sizes, margin and leverage .16
7. Difference of going long or short .17
Chapter 3 - Principles of Money Management
1. The major rules of money management ... ...19
2. How much of your account to trade with on each trade ... ..20
3. Pyramiding your profits ... 21
Chapter 4 Fundamental Analysis
1. The difference between fundamental and technical analysis ...24
2. How to use fundamental analysis in your trading strategy ..24
3. What factors influence the US dollar ... 24
4. What factors influence the USD/JPY ..28
5. What factors influence the EUR/USD .29
6. What factors influence the GBP/USD .31
7. What factors influence the USD/CHF .33
Chapter 5 Technical analysis
1. What technical Analysis is ... 36
2. Candlestick charts ... .37
3. Importance of knowing trends .....39
4. Moving average lines ... 42
5. How to draw trendlines 44
6. Trend Channels 49
7. Support and resistance .51
8. Explanation of the major chart patterns; how to recognize them and use them
to your advantage .53
9. Explanation of many technical indicators 63
10. Fibonacci retracements ... .71
Chapter 6 Importance of Stop Losses and Limit Orders
1. Difference between a stop loss and a limit order ... .74
2. Adjusting stop losses ... 75
Chapter 7 Differences of short, medium and long term trading .78
Chapter 8 - The 5Minute FOREX System.
1. Introduction to 5Minute FOREX ... ..80
2. Trend Reverse Levels ..80
3. Rules for entering trades .82
4. What pairs are traded with the 5Minute FOREX System ... .83
5. Adjusting stop losses and taking half profit .85
6. Rules for exiting trades ... .85
7. Notes about beginning to trade the 5Minute FOREX System ... ..85
8. What charts to use and how to set up the charts to trade the system ...88
9. Examples of 5Minute FOREX System trades .. ...92
10. Important considerations when trading the 5Minute FOREX system... ..94
11. Alternate Strategy for the 5Minute FOREX System . ..95
Chapter 9 Psychology of Trading
1. Psychological reasons people want to trade ... 100
2. Avoid trading like a gambler ... ..100
3. Importance of trading without emotions 101
4. Eliminating fear and greed ... ..102
5. Having the right mental attitude towards trading .. 104
Chapter 10 How to place trades
1. How to place trades electronically using the electronic dealing software.....107
2. Terminology when placing trades over the phone with the broker ...108
Chapter 11 21 Tips to Help Be A Successful Trader ...110
Chapter 12 7 Easy Steps to Getting Started .115
Chapter 13 Definitions of Terms You May Come Across in Trading ...117
CHAPTER 1 The Business of Trading Money 1
CHAPTER 2 Pivot Point Analysis, Filtering Methods,
and Moving Averages 65
CHAPTER 3 Candlestick Charting 107
CHAPTER 4 Traditional Chart Patterns 133
CHAPTER 5 Indicators and Oscillators:
Stochastics and MACD 151
CHAPTER 6 Fibonacci Combined with Pivot Points 169
CHAPTER 7 Elliott Wave Theory 181
CHAPTER 8 Trading Systems: Combining
Pivots with Indicators 199
CHAPTER 9 Selecting Your Trading Window Frames 225
CHAPTER 10 Risk and Trade Management:
Stop Selection, Scaling Out, and
Setting Profit Targets 233
CHAPTER 11 Game Psychology: Techniques
to Master Your Emotions 249
Postscript 257
Glossary 258
About the CD-ROM 275
Index 279
Chapter 1
WHAT IS FOREX? 1
If you have traveled internationally, you may already know something
about the forex market, today’s hottest marketplace. Discover
why you might want to trade forex.
Chapter 2
THE FOREX MARKETPLACE 11
The forex market is the world’s largest marketplace, dwarfing all
other markets combined. See how forex grew so large and how you
can participate.
Chapter 3
FUNDAMEN TALS AND FOREX 21
Forex traders can get plenty of information, sometimes so much that
it can be hard to sift through it all. Here are some reports a forex
trader needs to consider.
Chapter 4
APPLYING TECHNICAL ANALYSIS TO FOREX 35
With fundamental information overwhelming, many forex traders
analyze price action in charts. Chart patterns and indicators have
shortcomings, but see how predictive moving averages can help with
market forecasting.
VI
trade secrets
VI
Chapter 5
INTERMARKET ANALYSIS OF FOREX MARKETS 49
What happens in one market is influenced by what happens in a
number of related markets. Discover why single-market analysis
should give way to intermarket analysis in today’s global marketplace,
especially in forex markets, which are ideally suited for this
type of analysis.
Chapter 6
USING NEURAL NETWORKS TO ANALY ZE FOREX 63
With so many fundamentals and so much influence from related markets,
it’s hard to see all the patterns and relationships in the forex
market. Find out how neural networks can uncover hidden patterns
in data and select the best to make short-term market forecasts.
Chapter 7
TECHNICAL TACTICS FOR TRADING FOREX 71
Once you understand how the forex market works and the basics of
technical analysis, you are ready to put theory into practice. Here
are a few more practical tips and chart examples to help you apply
your knowledge to actual trading.
Chapter 8
WAVE OF THE FUTURE: SYNERGISTIC MARKET ANALYSIS 87
Using only one approach to trade no longer works in today’s global
markets. Successful trading requires the synthesis of technical,
intermarket and fundamental approaches.
TRADING RESOURCE GUIDE 93
ABOUT THE AUTHOR AND MARKET TECHNOLOGIES, LLC 105

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