Enhanced descriptions from Syndetics:

"For many investors, an intense, 24-hour-a-day, $1.5 trillion roller-coaster of a market spells "danger"; for readers of Forex Revolution , the word is "opportunity."

-Michael J. Panzner, vice president, Rabo Securities USA, Inc., and author of The New Laws of the Stock Market Jungle

"The author possesses an uncommon ability to describe a difficult and rapidly changing marketplace as if seen through a beginner's eyes. A most useful book for anyone that might not have been paying attention these past five years as the market reinvented itself."

-Brentin C. Elam, director, Northcoast Asset Management, LLC

Foreign currency exchange-"Forex"-is today's #1 new investment opportunity. Revolutions in technology, regulation, and globalization have made Forex trading accessible to every active investor. Only one thing has been missing: An objective, clear "user's guide" to Forex trading. Now it's here- and it's in your hands .

Simply and clearly, Forex Revolution reveals everything you need to know to trade Forex hands-on-from fundamental and technical trading strategies to the unyielding discipline that's essential to success.

In this book, Peter Rosenstreich brings together insider techniques from all over the industry: Traders, banks, Forex firms, even the National Futures Association. You'll find expert guidance on everything from handling 24/7 markets to profiting from the emergence of China.

Unlike other books, Forex Revolution doesn't require you to subscribe to costly services or purchase expensive tools. Whether you're an individual investor or a money manager new to Forex, this book gives you all you need: Facts, techniques, resources and-above all- the insider's edge .

Why Forex has become your #1 profit opportunity
How the currency markets became indispensable to the active investor

Meet the players, markets, tools, portals, and platforms
Everything you should know before you get started

Choose the right FX investments
Understand currency futures, options, swaps, and more

Master both fundamental and technical trading strategies
and discover why you need to know both

Gut check: What it takes to win in the Forex markets
Develop the discipline you need to succeed

Foreign Exchange Trading: Today's #1 Opportunity for Explosive Profits!

The practical, hands-on Forex trading guide for individual investors

No costly subscriptions or expensive tools needed

Delivers unbiased, up-to-the-minute techniques you can start profiting from today

Covers everything from trading rules to fundamental and technical strategies

Realistically assesses risks and pitfalls-and shows how to avoid or mitigate them

Forex Isn't Just the World's Biggest Market-It's Your #1 Profit Opportunity!

Every day, more than $1.5 trillion in currency trades are executed. That dwarfs the daily volume of the NYSE, NASDAQ, FTSE, DAX, and Tokyo Nikkei- combined! Today's growing currency volatility has made Forex the place to earn huge profits. Think Forex is just for secretive financiers and central bankers? Not any more! The rules have changed, and this book shows you exactly how to get in on the action.

No other book offers as much unbiased, practical, how-to guidance for trading from Forex. Peter Rosenstreich doesn't just present his own techniques-he reveals never-before-published tips and techniques from traders throughout the industry. Above all, Mr. Rosenstreich tells you the whole truth: How currency markets work, how to trade, what the risks are, what to do about them...and what it really takes to win.

Copyright Pearson Education. All rights reserved.

Table of contents provided by Syndetics

• Preface (p. xix)
• Acknowledgments (p. xxi)
• Disclaimer (p. xxiii)
• 1 The Truly Modern Market (p. 1)
• A Market for the 21st Century (p. 2)
• Opportunity Is Knocking (p. 7)
• Everybody's Talking About It (p. 9)
• Endnotes (p. 10)
• 2 The Currency of Trading in Everyday Life (p. 11)
• A Fact of Life (p. 11)
• Keeping Up with the Rates (p. 13)
• The Sun Never Sets on Forex (p. 14)
• Noodles in the Morning (p. 14)
• Laos for Lunch (p. 16)
• Odessa at Dusk (p. 17)
• Back in a 9-to-5 Market (p. 19)
• 3 The History of Forex (and Why You Should Care) (p. 23)
• The Beautiful Market (p. 23)
• Lessons of History (p. 24)
• The Roots of Modern Currency (p. 25)
• The Clash Between Governments and Markets (p. 29)
• Trends That Rocked the Forex World (p. 34)
• The Rise and Fall of the Modern Gold Standard (p. 34)
• The Rise of the Euro (p. 38)
• The Internet Trade Revolution: Banks Hated It, Speculators Loved It, and the Market Demanded It (p. 38)
• Seeing the World Through Forex (p. 42)
• Endnotes (p. 43)
• 4 The Basics of Foreign Exchange (p. 45)
• Spot (p. 45)
• Quotes (p. 46)
• Majors (p. 48)
• Cross Rates (p. 49)
• Pips (p. 49)
• Bid/Ask (p. 50)
• Lot (p. 50)
• Mini Lot (p. 51)
• Basic Tools of Training (p. 51)
• Positions (p. 51)
• Market Order (p. 51)
• Limit Order (p. 52)
• Stop Order (p. 52)
• Order Cancels Other (p. 53)
• Stop-Limit Order (p. 54)
• Rollovers (p. 54)
• Interest Rate Differentials, or Rollover Charge (p. 55)
• Leverage (p. 57)
• Controlling Leverage (p. 58)
• Initial Margin (p. 58)
• Margin Call (p. 59)
• Commissions (p. 59)
• Graphic: Calculations for the Spot Market (p. 60)
• Forex Regulators (p. 61)
• SFBC (p. 62)
• IDAC (p. 62)
• SFC (p. 62)
• FSA (p. 62)
• ASIC (p. 62)
• CFTC and NFA (p. 62)
• NFA (p. 63)
• Forex Designations (p. 64)
• Forex Dealer Members (p. 64)
• Futures Commission Merchants (p. 66)
• Introductory Brokers (p. 66)
• Commodity Trading Advisers (p. 67)
• Brokers (p. 67)
• Managed Accounts (p. 68)
• 5 Forex Trading Vehicles (p. 75)
• Forwards and Futures (p. 77)
• Options (p. 79)
• Swaps (p. 82)
• Derivatives and the Forex Market (p. 82)
• The Interbank Market (p. 83)
• Endnotes (p. 93)
• 6 Tools and Strategies to Get Started (p. 95)
• Gut Check: What It Takes to Be a Forex Investor (p. 95)
• What Are My Investment Goals, and Are They Realistic? (p. 98)
• What Is My Capacity for Risk? (p. 99)
• Time Investment (p. 100)
• Before You Trade (p. 101)
• Doing a Test Run (p. 102)
• Strategy: Creating an Approach Model (p. 103)
• 7 Forex from the Inside (p. 109)
• 8 Inside a Forex Platform (p. 129)
• Searching for the Right Platform (p. 131)
• Doing Your Homework (p. 133)
• Retail Platforms (p. 134)
• Trading Mechanisms (p. 138)
• Hub and Spoke Trading (p. 138)
• Request for Quote (RFQ) (p. 139)
• Click and Deal (p. 140)
• News (p. 144)
• Charts (p. 144)
• Research (p. 145)
• Things to Look Out For (p. 146)
• Requotes (p. 146)
• Network Connection (p. 147)
• Getting the Best Price (p. 147)
• Safety (p. 148)
• My Trading Room (p. 148)
• Information Sources (p. 149)
• Important Numbers (p. 150)
• Forex Retail Platforms (p. 151)
• Protecting Yourself (p. 161)
• Avoiding Fraud (p. 162)
• The Firm Promises a Free Lunch (p. 163)
• The Trader Uses Terminology You Don't Fully Understand (p. 163)
• The Firm Claims To Trade in the "Interbank Market" (p. 164)
• The Firm is Using the Hard Sell via the Internet (p. 164)
• The Firm is Vague and Little Information is Available (p. 165)
• 9 Trading Inside the 24-Hour Storm (p. 167)
• Working Around the Clock (p. 168)
• Defining Your Trading Strategy (p. 169)
• Contingency Plans (p. 170)
• Cut Losers (p. 171)
• Pigs Get Slaughtered (p. 171)
• Overleveraging and Overtrading (p. 172)
• Watch the Markets (p. 172)
• Don't Walk Away (p. 173)
• Review the Market (p. 173)
• Market Manipulation (p. 174)
• Just Because You're Not Paranoid Doesn't Mean They Aren't Out to Get You (p. 175)
• Flatline Your Emotions (p. 176)
• Trade with Your Personality (p. 177)
• Filter Information (p. 178)
• Avoid Bias (p. 178)
• 10 What Moves the Markets: Basic Fundamental and Technical Trading Strategies (p. 181)
• Watch Your Fundamentals (p. 182)
• Old Versus Fresh News (p. 184)
• Market Movers (p. 186)
• Governments (p. 187)
• Important Currencies (p. 188)
• The U.S. Dollar (p. 189)
• The Euro (p. 189)
• The Yen (p. 189)
• The British Pound (p. 189)
• The Swiss Franc (p. 190)
• Other Currencies (p. 190)
• The Yuan (p. 190)
• The Won (p. 190)
• The Real (p. 191)
• The Rand (p. 191)
• The G7 (p. 191)
• Central Banks (p. 192)
• The U.S. Federal Reserve (p. 192)
• The European Central Bank (p. 193)
• The Bank of England (p. 194)
• The Bank of Japan (p. 194)
• The International Monetary Fund (p. 195)
• Private Financial Institutions (p. 196)
• Corporations (p. 197)
• Speculators (p. 197)
• Monetary Policy and Interest Rates (p. 198)
• Inflation (p. 199)
• Gross Domestic Product (p. 199)
• (Un)Employment (p. 200)
• The Beige Book (p. 201)
• Government Spending and Taxes (p. 201)
• Government Attitude (p. 202)
• Equilibrium: "Parity" (p. 203)
• Trade Balance (p. 203)
• Political and Social Environment (p. 205)
• Currency Board or Peg (p. 206)
• Subjectivity (p. 208)
• Technical Analysis (p. 208)
• Determing the Trend (p. 209)
• Support and Resistance (p. 210)
• Chart Patterns (p. 212)
• Fibonacci Pattern (p. 215)
• Elliot Wave Theory (p. 215)
• Gann Angles (p. 216)
• Andrews Pitchfork (p. 216)
• Indicators 101 (p. 216)
• Moving Average (p. 216)
• Moving Average Convergence/Divergence (MACD) (p. 217)
• Relative Strength Index (RSI) (p. 217)
• Stochastic Oscillator (p. 217)
• Bollinger Bands (BB) (p. 218)
• Parabolic Stop and Reversal (SAR) (p. 219)
• Average Directional Index (ADX) (p. 219)
• Starter Technical Model (p. 219)
• Scalping (p. 221)
• Technical or Fundamental? (p. 223)
• Endnotes (p. 225)
• 11 Black Swans and Rogue Traders (p. 227)
• The Inherent Instability in the Forex Market (p. 228)
• The Tequila Crisis (p. 230)
• The Asian Crisis (p. 231)
• Breaking the Bank of England (p. 234)
• Interventions (p. 238)
• Scams and Rogue Traders (p. 239)
• Russia Devalues the Ruble (p. 243)
• 12 Trends and the Yuan (p. 245)
• Forex Will Not Just Get Bigger; It Will Get More Respect (p. 246)
• Globalization and the War on Terror (p. 246)
• The Chinese Dragon and the Indian Tiger (p. 248)
• ASEAN (p. 252)
• The Euro: Can It Hold? (p. 253)
• The Growth of Free-Trade Blocks (p. 254)
• The U.S. Dollar (p. 255)
• Endnotes (p. 256)
• Appendix (p. 257)
• Index (p. 271)

Excerpt provided by Syndetics

Preface I love this market and it never stops amazing me. The foreign exchange market is the ultimate gauge of reality. In a world where it is impossible to quantify the actual significance of an event, the Forex market tries. In my view, just as in chaos theory, the Forex market is always moving from order into chaos and back to order again--and trading on the edge of chaos is the only place I want to be. What makes foreign exchange trading existing are the underlying themes that drive the market. On the fundamental side, there are geopolitics, governments, societies, macroeconomics, and the behavior of the numerous market participants who vary greatly in objectives and approach. On the technical side, there is a market that seems to move in patterns and with endless liquidity. Life can become repetitive and slow, with some people even saying things like, "There is nothing new," or, "I've seen it all before." And I think, "Yeah, just you wait." As a Forex trader, you have a front-row seat to a world that never stops to amaze and produce the completely unexpected. I wrote this book as an introduction to Forex trading in a simple and understandable format. It was not produced in response to some slick marketer screaming, "Make money in your sleep," or some academic with a mathematical model so complex that only four people in the world understand it. My intent is to provide a non-biased overview that will let the individual decide which approach to the market suits him or her best. With this knowledge, they can then choose their own advanced education and trading directions. I hope I can inspire aspiring Forex quants and instant traders alike. To explain Forex trading, I use a blend of real trading experiences, definitions, and methodologies because you need all three to become a successful trader in any market. Trading is never about memorizing how someone else trades; one's strategy must be developed by the individual. Hopefully, with this book, you can take all of this information and begin crafting your own trading models. Good luck trading! (c) Copyright Pearson Education. All rights reserved. Excerpted from Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading by Peter Rosenstreich All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.

Author notes provided by Syndetics

Peter Rosenstreich is a principle and foreign exchange trader for Rose Stevons & Company, a boutique New York alternative investment firm specializing in providing retail clients with innovative, structured products