Technical Analysis in the International Currency Market

Currency markets are now as important to city traders in the 1990s as options and futures were in the 1980s. For this reason, this book should be of interest to traders as it provides them with the knowledge which the prominence of these markets now demands. The book offers the investor a complete understanding of the spot currency markets and highlights the risks and potential rewards which these markets offer. The book provides a link between the currency markets and the discipline of technical analysis and, by introducing the main concepts of technical analysis, the author demonstrates, through his own experiences in currency markets, the important role of technical analysis in establishing a disciplined approach to trading in these volatile markets. Topics covered include: understanding the spot currency markets; white Wednesday; psychology of success; trend analysis; pressure index; short-term oscillators and Japanese candlesticks.