Catalogue

COVID-19: Updates on library services and operations.

Attacking currency trends [electronic resource] : how to anticipate and trade big moves in the forex market /
Greg Michalowski.
imprint
Hoboken, N.J. : Wiley, c2011.
description
xi, 287 p. : ill. ; 24 cm.
ISBN
0470874384 (hardback), 9780470874387 (hardback)
format(s)
Book
More Details
series title
series title
imprint
Hoboken, N.J. : Wiley, c2011.
isbn
0470874384 (hardback)
9780470874387 (hardback)
restrictions
Licensed for access by U. of T. users.
general note
Includes index.
abstract
"Attack the Currency Trend will provide traders with a step-by-step guide for anticipating, entering, and staying with trends in the foreign exchange market. Top forex expert Greg Michalowski begins the book by explaining the attributes of successful traders, and how traders should set themselves up for success by drafting an explicit mission statement and game plan. From there, he provides tools and techniques for traders to read the markets and identify when a market is in a trend. Michalowski shows traders how to enter an emerging trend, how to manage the position, and how to exit the position most effectively. He advocates using fairly simple technical tools: moving averages, trendlines, and Fibonacci levels. The important thing is to use these tools to get a feel for trends, and then to move aggressively into a position once the trend is identified and stick with the trend through its duration."--
catalogue key
11888150
A Look Inside
Excerpts
Flap Copy
Making money while limiting risk is something every good trader strives to do. But in order to achieve this goal you need a firm understanding of financial markets, as well as the tools that will allow you to effectively apply sound trading strategies in them. Nobody understands this better than author Greg Michalowski--a market veteran who has spent the last ten years with retail forex brokerage company FXDD--and now, with Attacking Currency Trends, he shares his experience in this field with you. Following a step-by-step approach and progressing in a logical manner, this practical guide will help swing trading results in your favor by showing you how to better anticipate and attack the trend in currencies. Divided into two comprehensive parts, this reliable resource opens with a detailed discussion of how to build a solid foundation for your currency trading. Here, youll become familiar with the attributes of all successful traders and discover the essential characteristics of retail currency traders. Along the way, youll also be introduced to specific elements that will allow you to excel in attacking forex trends--namely a mission statement, a game plan, and rules. After explaining how to develop a solid foundation, the book transitions into the technical tools and strategies used to anticipate and manage forex trends, define risk, and control fear. Youll gain valuable insights into three main charting tools--moving averages, trend lines and remembered lines, and Fibonacci retracements--and learn why successful currency traders look at short-, intermediate-, and long-term time periods equally and trade using all three. Relevant examples are also included, highlighting how trading does not always have to be complicated. Success in currency trading, as in any business, is based on building the right foundation and using the proper tools. Combining his years of trading experience with his knowledge of retail traders and the nuances of the currency market, Greg Michalowski has created an accessible trading guide that will help you minimize risk, keep fear in check, and capture consistent profits in todays dynamic currency market.
Flap Copy
Making money while limiting risk is something every good trader strives to do. But in order to achieve this goal you need a firm understanding of financial markets, as well as the tools that will allow you to effectively apply sound trading strategies in them. Nobody understands this better than author Greg Michalowski-a market veteran who has spent the last ten years with retail forex brokerage company FXDD-and now, with Attacking Currency Trends, he shares his experience in this field with you. Following a step-by-step approach and progressing in a logical manner, this practical guide will help swing trading results in your favor by showing you how to better anticipate and attack the trend in currencies. Divided into two comprehensive parts, this reliable resource opens with a detailed discussion of how to build a solid foundation for your currency trading. Here, you'll become familiar with the attributes of all successful traders and discover the essential characteristics of retail currency traders. Along the way, you'll also be introduced to specific elements that will allow you to excel in attacking forex trends-namely a mission statement, a game plan, and rules. After explaining how to develop a solid foundation, the book transitions into the technical tools and strategies used to anticipate and manage forex trends, define risk, and control fear. You'll gain valuable insights into three main charting tools-moving averages, trend lines and remembered lines, and Fibonacci retracements-and learn why successful currency traders look at short-, intermediate-, and long-term time periods equally and trade using all three. Relevant examples are also included, highlighting how trading does not always have to be complicated. Success in currency trading, as in any business, is based on building the right foundation and using the proper tools. Combining his years of trading experience with his knowledge of retail traders and the nuances of the currency market, Greg Michalowski has created an accessible trading guide that will help you minimize risk, keep fear in check, and capture consistent profits in today's dynamic currency market.
Flap Copy
Making money while limiting risk is something every good trader strives to do. But in order to achieve this goal you need a firm understanding of financial markets, as well as the tools that will allow you to effectively apply sound trading strategies in them. Nobody understands this better than author Greg Michalowski-a market veteran who has spent the last ten years with retail forex brokerage company FXDD-and now, with Attacking Currency Trends, he shares his experience in this field with you. Following a step-by-step approach and progressing in a logical manner, this practical guide will help swing trading results in your favor by showing you how to better anticipate and attack the trend in currencies. Divided into two comprehensive parts, this reliable resource opens with a detailed discussion of how to build a solid foundation for your currency trading. Here, youll become familiar with the attributes of all successful traders and discover the essential characteristics of retail currency traders. Along the way, youll also be introduced to specific elements that will allow you to excel in attacking forex trends-namely a mission statement, a game plan, and rules. After explaining how to develop a solid foundation, the book transitions into the technical tools and strategies used to anticipate and manage forex trends, define risk, and control fear. Youll gain valuable insights into three main charting tools-moving averages, trend lines and remembered lines, and Fibonacci retracements-and learn why successful currency traders look at short-, intermediate-, and long-term time periods equally and trade using all three. Relevant examples are also included, highlighting how trading does not always have to be complicated. Success in currency trading, as in any business, is based on building the right foundation and using the proper tools. Combining his years of trading experience with his knowledge of retail traders and the nuances of the currency market, Greg Michalowski has created an accessible trading guide that will help you minimize risk, keep fear in check, and capture consistent profits in todays dynamic currency market.
Summaries
Back Cover Copy
Praise for ATTACKING CURRENCY TRENDS "Greg has put together a comprehensive road map for traders, constructing a sound,logical trading methodology from start to finish. This book succeeds in getting the reader to think and act like a professional currency trader. Trading is a serious business and requires serious planning-and that's exactly what you'll get with Attacking Currency Trends."-Ed Ponsi, Author of Forex Patterns and Probabilities "Although Greg admits having a true risk phobia, it's evident he possesses the skills not only to capitalize in the currency market, but to transmit his original and yet simple trading approach. A myriad of illustrated examples and clues throughout the text support his educational forte. A market profile explanation right at the start of a forex book is indeed an excellent conceptual backbone readers will appreciate."-Francesc Riverola, CEO and Founder, FXstreet.com "Attacking Currency Trends provides a simple and logical approach to trading forex that will help any trader make better decisions about when and how to trade. Greg's rules for trading forex trends will be especially helpful to traders looking for a disciplined approachto this massive market. Armed with this information, rookie and veteran traders alike will have the confidence needed to profit from opportunities found on -and off-their charts."-Tim Bourquin, TraderInterviews.com "Greg Michalowski's Attacking Currency Trends not only provides in-depth coverage of how to anticipate and attack trends in the battle to successfully trade currencies, Greg also empowers traders to be proactive and protect themselves by having a trading game plan with guidelines. This is a must-read for retail traders new to FX and those looking to develop further as successful market players."-Julie Sinha, broadcaster, ForexTV "I love the down-to-earth simplicity of this book. Attacking Currency Trends puts the truth of effective trading into a format that is executable and understandable. This book will instantly become a must-have reference work for the retail trader."-Scott Cisco, co-founder and President, EuodooTrading.com "Greg has pulled from his vast experience in currency markets and crafted a book that will lead the retail trader from understanding to successful action. He provides a rich set of tools here and clearly organizes and communicates them. Very nicely done."-Dr. Phil Pearlman, Executive Editor, StockTwits
Bowker Data Service Summary
This book will provide traders with a step-by-step guide for anticipating, entering and staying with trends in the foreign exchange market. The author shows traders how to enter an emerging trend, how to manage the position, and how to exit the position most effectively.
Long Description
Praise for ATTACKING CURRENCY TRENDS "Greg has put together a comprehensive road map for traders, constructing a sound,logical trading methodology from start to finish. This book succeeds in getting the reader to think and act like a professional currency trader. Trading is a serious business and requires serious planning--and thats exactly what youll get with Attacking Currency Trends."--Ed Ponsi, Author of Forex Patterns and Probabilities "Although Greg admits having a true risk phobia, its evident he possesses the skills not only to capitalize in the currency market, but to transmit his original and yet simple trading approach. A myriad of illustrated examples and clues throughout the text support his educational forte. A market profile explanation right at the start of a forex book is indeed an excellent conceptual backbone readers will appreciate."--Francesc Riverola, CEO and Founder, FXstreet.com "Attacking Currency Trends provides a simple and logical approach to trading forex that will help any trader make better decisions about when and how to trade. Gregs rules for trading forex trends will be especially helpful to traders looking for a disciplined approachto this massive market. Armed with this information, rookie and veteran traders alike will have the confidence needed to profit from opportunities found on --and off--their charts."--Tim Bourquin, TraderInterviews.com "Greg Michalowskis Attacking Currency Trends not only provides in-depth coverage of how to anticipate and attack trends in the battle to successfully trade currencies, Greg also empowers traders to be proactive and protect themselves by having a trading game plan with guidelines. This is a must-read for retail traders new to FX and those looking to develop further as successful market players."--Julie Sinha, broadcaster, ForexTV "I love the down-to-earth simplicity of this book. Attacking Currency Trends puts the truth of effective trading into a format that is executable and understandable. This book will instantly become a must-have reference work for the retail trader."--Scott Cisco, co-founder and President, EuodooTrading.com "Greg has pulled from his vast experience in currency markets and crafted a book that will lead the retail trader from understanding to successful action. He provides a rich set of tools here and clearly organizes and communicates them. Very nicely done."--Dr. Phil Pearlman, Executive Editor, StockTwits
Long Description
Praise for ATTACKING CURRENCY TRENDS "Greg has put together a comprehensive road map for traders, constructing a sound,logical trading methodology from start to finish. This book succeeds in getting the reader to think and act like a professional currency trader. Trading is a serious business and requires serious planning-and thats exactly what youll get with Attacking Currency Trends."-Ed Ponsi, Author of Forex Patterns and Probabilities "Although Greg admits having a true risk phobia, its evident he possesses the skills not only to capitalize in the currency market, but to transmit his original and yet simple trading approach. A myriad of illustrated examples and clues throughout the text support his educational forte. A market profile explanation right at the start of a forex book is indeed an excellent conceptual backbone readers will appreciate."-Francesc Riverola, CEO and Founder, FXstreet.com "Attacking Currency Trends provides a simple and logical approach to trading forex that will help any trader make better decisions about when and how to trade. Gregs rules for trading forex trends will be especially helpful to traders looking for a disciplined approachto this massive market. Armed with this information, rookie and veteran traders alike will have the confidence needed to profit from opportunities found on -and off-their charts."-Tim Bourquin, TraderInterviews.com "Greg Michalowskis Attacking Currency Trends not only provides in-depth coverage of how to anticipate and attack trends in the battle to successfully trade currencies, Greg also empowers traders to be proactive and protect themselves by having a trading game plan with guidelines. This is a must-read for retail traders new to FX and those looking to develop further as successful market players."-Julie Sinha, broadcaster, ForexTV "I love the down-to-earth simplicity of this book. Attacking Currency Trends puts the truth of effective trading into a format that is executable and understandable. This book will instantly become a must-have reference work for the retail trader."-Scott Cisco, co-founder and President, EuodooTrading.com "Greg has pulled from his vast experience in currency markets and crafted a book that will lead the retail trader from understanding to successful action. He provides a rich set of tools here and clearly organizes and communicates them. Very nicely done."-Dr. Phil Pearlman, Executive Editor, StockTwits
Main Description
Attack the Currency Trend will provide traders with a step-by-step guide for anticipating, entering, and staying with trends in the foreign exchange market. Top forex expert Greg Michalowski begins the book by explaining the attributes of successful traders, and how traders should set themselves up for success by drafting an explicit mission statement and game plan. From there, he provides tools and techniques for traders to read the markets and identify when a market is in a trend. Michalowski shows traders how to enter an emerging trend, how to manage the position, and how to exit the position most effectively. He advocates using fairly simple technical tools: moving averages, trendlines, and Fibonacci levels. The important thing is to use these tools to get a feel for trends, and then to move aggressively into a position once the trend is identified and stick with the trend through its duration.
Main Description
The guide for reading long-term trends in the foreign currency market To thrive in the marketplace traders must anticipate, enter, and stay with trends in the foreign exchange market. In this much-needed guide top forex, expert Greg Michalowski clearly explains the attributes of successful traders, and shows how traders can set themselves up for success by drafting an explicit mission statement and game plan. The book also contains the tools and techniques traders need to read the markets and identify when a market is in a trend. Michalowski shows traders how to enter an emerging trend, how to manage the position, and how to exit the position most effectively. Includes the technical tools needed to invest in the foreign exchange market: moving averages, trendlines, and Fibonacci levels Shows how to identify a trend and stick with the trend through its duration Written by Greg Michalowski who was cited by SmartMoney magazine as a "go to" source for making money moves With this book, Michalowski offers an important resource for identifying and riding out long-term trends in the volatile foreign currency.
Table of Contents
Acknowledgmentsp. xi
Introductionp. 1
The Foundation for Successp. 19
Stereotyping the Retail Currency Traderp. 21
They Think Trading Currencies Is Easyp. 22
They Have Too Much Fearp. 27
They Lose Moneyp. 29
They Are Too Fundamental (Not Technical Enough)p. 31
They Don't Know Enough about Key Fundamental Requirementsp. 34
They Fail to Anticipate Trendsp. 45
Don't Be Like the Rest...Change!p. 46
The Six Attributes of a Successful Currency Traderp. 47
What Are You Good at Doing?p. 47
There Will Always Be Peaks and Valleysp. 49
Skill or Aptitudep. 49
Practice, Practice, Practicep. 52
Know Your Riskp. 54
Create and Execute a Planp. 58
Control Your Fearp. 61
Be Greedy Enoughp. 63
A Foundation for Successp. 66
The Mission Statementp. 67
A Team of Onep. 68
A Two-Part Mission Statementp. 70
Finding Trades That Satisfy Your Mission Statementp. 76
The Importance of Staying on Trendp. 80
What's Your Game Plan?p. 85
Every Mission Statement Needs a Game Planp. 86
Trade the Trendsp. 86
Keep Fear to a Minimump. 91
Never Underestimate a Strong Foundationp. 97
Rules for Attacking the Trendp. 99
Keep It Simple (but Stay Positive)p. 100
Have a Reason to Place a Tradep. 105
Be Picky about Your Toolsp. 107
The "If...Should" Rulep. 115
Look Ahead, but Not Too Far Aheadp. 117
Rules Rulep. 120
The Trader's Toolboxp. 121
Rules for the Toolsp. 122
How to Use Fundamental Analysisp. 122
The One Thing We Can Agree On: Pricep. 125
The Toolsp. 131
If I Had a Hammerp. 146
Tools and Strategiesp. 147
Moving Averagesp. 149
What Is a Moving Average?p. 150
How to Use Moving Averagesp. 151
Time Frames for Analysisp. 156
Anticipating a Trendp. 164
Managing a Trendp. 167
Managing Profitsp. 169
Trade Setupsp. 171
The Push That Gets the Market Goingp. 177
Trend Lines and Remembered Linesp. 179
Bullish Trend Linesp. 180
Bearish Trend Linesp. 183
Channels: Highways to Ride the Trendp. 186
Flags and Pennantsp. 190
Finding the Golden Ticketp. 192
Remembered Linesp. 197
Simple but Effectivep. 204
Fibonacci Retracements: The Hybrid Toolp. 205
Introduction to Fibonaccip. 206
Placing Retracements on a Chartp. 210
Using Fibonacci Retracementsp. 214
Trading Shorter-Term Correctionsp. 227
Using the Tools to Your Best Advantagep. 231
Preparing for the Tradep. 233
First Things Firstp. 234
Analyzing the Chartsp. 236
A Composite View of the Cluesp. 249
"Is It a Boy or a Girl, Doc?"p. 251
Executing the Game Planp. 253
The Kickoff: The Entry Tradep. 254
Managing the Tradep. 256
Finding Clues in the Consolidation Phasep. 264
A Borderline: Always a Low-Risk, Unambiguous Levelp. 266
Another Trend Reentryp. 267
The Key Role of Borderlines in Hourly and Daily Chartsp. 271
Attack the Currency Trendp. 275
About the Authorp. 277
Indexp. 279
Table of Contents provided by Ingram. All Rights Reserved.

This information is provided by a service that aggregates data from review sources and other sources that are often consulted by libraries, and readers. The University does not edit this information and merely includes it as a convenience for users. It does not warrant that reviews are accurate. As with any review users should approach reviews critically and where deemed necessary should consult multiple review sources. Any concerns or questions about particular reviews should be directed to the reviewer and/or publisher.

  link to old catalogue

Report a problem