Foreign Exchange Trading Techniques and Practical Diagrams

Author: Wang Licheng
Publisher:
Publish Date: 2005-01-01
Features: The foreign exchange market is like a battlefield. Before investing and operating, if we do not arm ourselves with fine weapons, we will pay a heavy price. Technical analysis is a very effective weapon for the foreign exchange market. Many friends who have invested in stocks believe that technical analysis is not very useful. This is because, in China's stock market, the trading volume is small and easily controlled by a few large players, naturally diminishing the role of technical analysis. In contrast, the foreign exchange market has an average daily trading volume of tens of billions of US dollars, a figure that is astronomical compared to stock and other investment markets. Therefore, large players rarely manipulate the market, making the accuracy of technical analysis for forecasting in the foreign exchange market relatively high. This book is specifically dedicated to introducing the application of technical analysis in the foreign exchange market. It provides a detailed explanation of content ranging from basic foreign exchange trading knowledge to advanced technical analysis techniques, gradually guiding readers to apply the knowledge and skills of technical analysis in foreign exchange trading. The main contents of this book include: basic concepts of foreign exchange trading, economic factors influencing foreign exchange price changes, basic knowledge of technical analysis in foreign exchange trading, the application of technical indicators and pattern analysis in technical analysis, trends, and Elliott Wave Theory; and it also introduces a new technical analysis tool—the Currency Index.