The Forex Trading Course A Self–Study Guide To Becoming a Successful Currency Trader

A pioneer in currency trading shares his vast knowledge

The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material. Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more. Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market.

Abe Cofnas (Orlando, FL) has been the forex trading columnist for Futures magazine since 2001. He formed Learn4x.com-one of the first Web-based interactive training sites devoted to forex trading in 2001 as well. Cofnas is also founder of www.CurrencyGames.com, a forex education and entertainment company.

"In addition to satisfying those with a healthy obsession to work on improving their professional skills, The Forex Trading Course will force readers to think outside the box and to develop an appetite for the pursuit of knowledge about trading."
From the Foreword by Dr. Steve H. Hanke, Professor of Applied Economics Johns Hopkins University

"Abe Cofnas puts his outstanding credentials to work as he shares with readers a solid educational program in The Forex Trading Course. He delivers a straightforward explanation of the fundamentals that drive FX markets. He gives a detailed description of vital technical analysis tactics, including what set–ups to look for, trend line breaks, Fibonacci analysis, and my favorite, pivot point analysis. He ties it all together to teach traders various trading styles, from a scalper to a position trader, who want to capture longer–term trends for maximum profits. His strategies on stop–loss placement and profit targets are mandatory components that all traders will benefit from . . . immensely. Study this book. Read it and practice these principles. This book delivers the steps to success for all serious FX traders."
John Person, author and President, www.nationalfutures.com

"I believe The Forex Trading Course is the best single resource available if you are serious about learning how to be successful in the forex market, whether you are a short–term trader or a long–term speculator. In this book, Abe Cofnas does what few can, he fuses together the key fundamental and technical analysis tools into an understandable framework that will allow you to develop and apply a comprehensive forex trading methodology that works over time. And as most real–life traders will tell you, that's the best you can do."
Jack Crooks, President, Black Swan Capital

Foreword.

Preface.

Acknowledgments.

About the Author.

Part One. What Drives the Forex Market?

Chapter 1. The Fundamentals of Forex.

Chapter 2. The Role of Inflation.

Chapter 3. Exploiting Information About Economic Growth.

Chapter 4. The China Factor.

Chapter 5. The Commodities Connection.

Chapter 6. How Business Confidence and Consumer Sentiment Affects the Market.

Chapter 7. Fundamental Personalities of Currencies.

Chapter 8. The Personality and Performance of the US Dollar.

Chapter 9. Conducting Your Own Fundamental Analysis.

Part Two. Timing the Trade with Technical Analysis.

Chapter 10. Mapping Price Action.

Chapter 11. Finding Significant Support and Resistance.

Chapter 12. Volatility in Forex and Its Dimensions.

Chapter 13. Chart Formations and Price Patterns You Should Know.

Chapter 14. Trading Styles and Setups.

Chapter 15. Alternative Set Ups and Trading Strategies.

Part Three. Putting It Together.

Chapter 16. The Right Way To Use Simulation Accounts.

Chapter 17. Strategies and Challenges for Different Account Sizes.

Chapter 18. The Path to Success in Forex Trading.

Chapter 19. Test Your Forex IQ.

Appendix A. Selected Futures Columns.

Index.

Abe Cofnas has been the forex trading columnist for Futures magazine since 2001. He formed Learn4x.com one of the first Web–based interactive training sites devoted to forex trading in 2001 as well. Cofnas is also the founder of www.CurrencyGames.com, a forex education and entertainment company.