The introduction of the euro and the recent explosion of electronic trading have changed the outlook of the foreign exchange market dramatically. Global currency trading offers staggering rewards for those with the knowledge to capitalize on it. This updated guide provides an easy-to-follow roadmap for beginners and experienced traders alike on how to use technical analysis -- with revised charts and graphs -- to cash in on these enormous opportunities.The only guide of its kind to focus solely on all aspects of technical analysis, Luca explains and illustrates:-- The fundamentals of technical analysis and how it applies to foreign exchange-- What one must learn about trends and trend patterns-- How the major players in foreign exchange analyze their charts-- The quantitative methods of analysis -- including all types of moving averages, oscillators, and other indicatorsThis book provides a thorough, yet easy-to-grasp explanation and analysis of point and figure charting, candlestick charting, the Gann methods, and the Elliot Wave principle. Also included is an updated CD-ROM that lets readers test the methods presented and apply them to real trading -- and quickly increase proficiency in charting and chart analysis. Cd-rom Contains: Quickcharts Software. What Is Foreign Exchange?. -- Historical Development Of Foreign Exchange. -- The European Monetary Union. -- Currency Characteristics. -- Foreign Exchange Risks. -- Central Banks. -- Price Structure And Foreign Exchange Terminology. -- Corporate Trading. -- Foreign Exchange Settlement. -- Conducting Foreign Exchange Trading. -- The Spot Market. -- The Forward Currency Market. -- Currency Crosses. -- Currency Futures. -- Currency Options. -- Major Option Strategies On Currencies. -- Economic Fundamentals. -- Financial And Sociopolitical Factors. -- Technical Analysis. -- Trend Reversal Patterns. -- Trend Continuation Patterns. -- Formations Unique To Bar Charts For Futures. -- Point-and-figure Charting. -- Candlestick Charting. -- Quantitative Trading Methods. -- Oscillators And Studies. -- W.d.gann Analysis. -- The Elliott Wave. Cornelius Luca. Includes Bibliographical References (p. 331) And Index. System Requirements For Accompanying Cd-rom: Ibm Pc Or Compatible Computer; 486/pentium Processor; 16mb Ram; Windows 95/98/nt. Now you, too, can capitalize on the tremendous potential of this vital, fast-moving market, with the wealth of information collected in this comprehensive and up-to-the-minute book. Trading in the Global Currency Markets gives traders an indispensable overview of the market's workings and new technologies, then links this information to developments and case studies drawn from the real world, illustrating them with plenty of graphics, charts, and visuals. This invaluable resource also provides valuable historical context, explaining the basis of foreign exchange and the factors that contributed to the growth of the industry. It asks the basic questions, and then provides comprehensive answers that will benefit both beginning investors and seasoned market experts. The foreign exchange market is the world's largest and fastest growing financial terrain. Despite its high trading volume, it is also a market little understood and little regulated. This definitive resource brings the universe of foreign exchange within reach of every investor. The revised edition includes complete comprehensive coverage of the euro and the latest historical and economic changes in the market. Cornelius Luca, a renowned authority on international investing, draws on the insights of leading experts in diverse fields of specialty to explain every crucial aspect of foreign exchange. He provides investors with an arsenal of trading weapons, many on the cutting edge of technology. Foreign exchange is simultaneously a simple and a complex notion, depending on the end user.
