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Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading (paperback)

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Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading (paperback)


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Foreign currency exchange -- “Forex” -- is rapidly emerging as today’s most important new investment opportunity for active investors. Now, those investors have a complete, practical, and honest “user’s guide” to Forex trading: Forex Revolution. Long-time trader Peter Rosenstreich explains why today’s global economic conditions make Forex trading so powerfully attractive -- and why it now offers some of the world’s most explosive profit opportunities.

 Q:  "What kind of practical information do your students need about FOREX?"

Clear and Practical- This book has practical, clearly-written advice for how investing in FOREX can turn profits.  Rosenstreich presents material for active traders, but in language that is honest, realistic and easy to understand.  No other book offers as much unbiased, practical, how-to guidance for trading from Forex.

  Q:  "Would real-life examples help your students understand FOREX?"

Professional advice- Rostenreich reveals insider tips the “gurus” never tell you, offers expert advice on handling fast-moving, 24-hour markets, and previews the impact of radical changes such as the emergence of China.  He doesn't just present his own techniques–he reveals never-before-published tips and techniques from traders throughout the industry.The author covers,in depth, critical subjects such as regulations, trading platforms and the role foreign exchange will play in the future. In addition Forex Revolution brings experts from the NFA, Major banks, Forex Firms, and traders to talk about theopportunites of forex.

Q:  "What is the link between FOREX study and actually investing in FOREX?"

"How-to"- Rosenstreich presents a complete "how-to" guide, giving step-by-step instructions about the best ways for individual investors to move past stocks and bonds into FOREX.  Master everything needed to know to trade Forex “hands-on” -- from fundamental and technical trading strategies to the unyielding discipline that’s essential to success.

Q:  "What do investment students need to understand about risks?"

Two-sided- Most texts would provide information about investing in FOREX without specifying what risks investors face.  Rosenstreich outlines the risks and consequences that investors face when investing in FOREX.  He presents a clear-eyed and objective assessment of the risks of Forex markets, and demolishes the misconceptions that can cost new traders dearly.

 Q:  "Are the usual application examples in your current text dated?"

Up-to-date- This book contains all the unbiased, up-to-the-minute information and hands-on techniques needed to start profiting immediately. Unlike other books, Forex Revolution doesn’t require you to subscribe to costly services or purchase expensive tools. It gives everything needed to invest in FOREX markets: the facts, the techniques, the resources, and most of all, the insider’s edge.


  • Copyright 2005
  • Dimensions: 6" x 9"
  • Pages: 300
  • Edition: 1st
  • Book
  • ISBN-10: 0-13-269347-X
  • ISBN-13: 978-0-13-269347-9

"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.

Sample Content

Table of Contents

1. The Truly Modern Market.

    A Market for the 21st Century 

    Opportunity Is Knocking

    Everybody’s Talking About It


2. The Currency of Trading in Everyday Life.

    A Fact of Life

    Keeping Up with the Rates

    The Sun Never Sets on Forex

    Noodles in the Morning

    Laos for Lunch

    Odessa at Dusk 

    Back in a 9-to-5 Market

3. The History of Forex (and Why You Should Care).

    The Beautiful Market

    Lessons of History

    The Roots of Modern Currency

    The Clash Between Governments and Markets

    Trends That Rocked the Forex World

    The Rise and Fall of the Modern Gold Standard

    The Rise of the Euro

    The Internet Trade Revolution: Banks Hated It, Speculators Loved It, and the Market Demanded It

    Seeing the World Through Forex 


4. The Basics of Foreign Exchange.




    Cross Rates




    Mini Lot

    Basic Tools of Training


    Market Order

    Limit Order

    Stop Order

    Order Cancels Other

    Stop-Limit Order


    Interest Rate Differentials, or Rollover Charge


    Controlling Leverage

    Initial Margin

    Margin Call


    Graphic: Calculations for the Spot Market

    Forex Regulators






    CFTC and NFA


    Forex Designations

    Forex Dealer Members

    Futures Commission Merchants

    Introductory Brokers

    Commodity Trading Advisers


    Managed Accounts

5. Forex Trading Vehicles.

    Forwards and Futures



    Derivatives and the Forex Market

    The Interbank Market


6. Tools and Strategies to Get Started.

    Gut Check: What It Takes to Be a Forex Investor

    What Are My Investment Goals, and Are They Realistic?

    What Is My Capacity for Risk?

    Time Investment

    Before You Trade

    Doing a Test Run 

    Strategy: Creating an Approach Model

7. Forex from the Inside.

8. Inside a Forex Platform.

    Searching for the Right Platform

    Doing Your Homework 

    Retail Platforms 

    Trading Mechanisms

      Hub and Spoke Trading

    Request for Quote (RFQ)

    Click and Deal




    Things to Look Out For 


    Network Connection

    Getting the Best Price


    My Trading Room

    Information Sources

    Important Numbers

    Forex Retail Platforms

    Protecting Yourself

    Avoiding Fraud

      The Firm Promises a Free Lunch

      The Trader Uses Terminology You Don’t Fully  - Understand

      The Firm Claims To Trade in the “Interbank Market”

      The Firm is Using the Hard Sell via the Internet

      The Firm is Vague and Little Information is Available

9. Trading Inside the 24-Hour Storm.

    Working Around the Clock

    Defining Your Trading Strategy

    Contingency Plans

    Cut Losers

    Pigs Get Slaughtered

    Overleveraging and Overtrading

    Watch the Markets

    Don’t Walk Away

    Review the Market

    Market Manipulation

    Just Because You’re Not Paranoid Doesn’t Mean They Aren’t Out to Get You

    Flatline Your Emotions

    Trade with Your Personality

    Filter Information

    Avoid Bias

10. What Moves the Markets: Basic Fundamental and Technical Trading Strategies.

    Watch Your Fundamentals

    Old Versus Fresh News

    Market Movers


    Important Currencies

    The U.S. Dollar

    The Euro

    The Yen

    The British Pound

    The Swiss Franc

    Other Currencies

    The Yuan

    The Won

    The Real

    The Rand

    The G7

    Central Banks

    The U.S. Federal Reserve

    The European Central Bank

    The Bank of England

    The Bank of Japan

    The International Monetary Fund

    Private Financial Institutions



    Monetary Policy and Interest Rates


    Gross Domestic Product


    The Beige Book

    Government Spending and Taxes

    Government Attitude

    Equilibrium: “Parity”

    Trade Balance

    Political and Social Environment

    Currency Board or Peg


    Technical Analysis

    Determing the Trend

    Support and Resistance

    Chart Patterns

    Fibonacci Pattern

    Elliot Wave Theory

    Gann Angles

    Andrews Pitchfork

    Indicators 101

    Moving Average

    Moving Average Convergence/Divergence (MACD)

    Relative Strength Index (RSI)

    Stochastic Oscillator

    Bollinger Bands (BB)

    Parabolic Stop and Reversal (SAR)

    Average Directional Index (ADX)

    Starter Technical Model


    Technical or Fundamental?


11. Black Swans and Rogue Traders.

    The Inherent Instability in the Forex Market

    The Tequila Crisis

    The Asian Crisis

    Breaking the Bank of England


    Scams and Rogue Traders

    Russia Devalues the Ruble

12. Trends and the Yuan.

    Forex Will Not Just Get Bigger; It Will Get More Respect

    Globalization and the War on Terror

    The Chinese Dragon and the Indian Tiger


    The Euro: Can It Hold?

    The Growth of Free-Trade Blocks

    The U.S. Dollar





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