Forex Trading Book : Forex market Forecast and Trading Strategies



[Market List]


Meaning of terms :
▷ BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
▷ BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
▷ SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
▷ SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price.  (When price moves below the entry price level.)


Forex Trading Book : Forex market Forecast and Trading Strategies
Abbreviations used in the table are:
EUR (EURUSD, Euro to US Dollar rates) GBP (GBPUSD, British Sterling Pound to US Dollar rates) AUD (AUDUSD, Australian Dollar to US Dollar rates) NZD (NZDUSD, New Zealand Dollar to US Dollar rates) CHF (CHFUSD, Swiss Franc to US Dollar rates) CAD (CADUSD, Canadian Dollar to US Dollar rates) CNY (CNYUSD, Chinese Renminbi RMB Yuan to US Dollar rates) MXN (USDMXN, US Dollar to Mexican Peso rates) BRL (USDBRL, US Dollar to Brazilian real rates) RUB (USDRUB, US Dollar to Russian Ruble rates) SGD (USDSGD, US Dollar to Singapore Dollar rates) JPY (USDJPY, US Dollar to Japanese Yen rates) DXY (US Dollar Index Futures, ICE: DX)

Position Trading : hold a position for the long-term (weeks to months and years) to profit from the move in the primary trend. Swing Trading : a short-term(days to a couple of weeks) trading method and focuses on taking smaller gains. Day Trading : Day trading could make it possible for trader to get some good profits fast. However, it can be very risky. Trader has to sit in front of computer screens and practically glue their eyes to the price action. Day trader should use a risk-management method keeping capital losses to a minimum.