Home > Store

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

Register your product to gain access to bonus material or receive a coupon.

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


  • Sorry, this book is no longer in print.
Not for Sale



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
  • Edition: 1st
  • Book
  • ISBN-10: 0-13-148690-X
  • ISBN-13: 978-0-13-148690-4

"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

Online Sample Chapter

Introduction to Foreign Exchange Trading: The Truly Modern Market

Downloadable Sample Chapter

Untitled Document Download the Sample Chapter related to this title.

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





Untitled Document Download the Preface related to this title.


Untitled Document Download the Index related to this title.


Submit Errata

More Information

InformIT Promotional Mailings & Special Offers

I would like to receive exclusive offers and hear about products from InformIT and its family of brands. I can unsubscribe at any time.


Pearson Education, Inc., 221 River Street, Hoboken, New Jersey 07030, (Pearson) presents this site to provide information about products and services that can be purchased through this site.

This privacy notice provides an overview of our commitment to privacy and describes how we collect, protect, use and share personal information collected through this site. Please note that other Pearson websites and online products and services have their own separate privacy policies.

Collection and Use of Information

To conduct business and deliver products and services, Pearson collects and uses personal information in several ways in connection with this site, including:

Questions and Inquiries

For inquiries and questions, we collect the inquiry or question, together with name, contact details (email address, phone number and mailing address) and any other additional information voluntarily submitted to us through a Contact Us form or an email. We use this information to address the inquiry and respond to the question.

Online Store

For orders and purchases placed through our online store on this site, we collect order details, name, institution name and address (if applicable), email address, phone number, shipping and billing addresses, credit/debit card information, shipping options and any instructions. We use this information to complete transactions, fulfill orders, communicate with individuals placing orders or visiting the online store, and for related purposes.


Pearson may offer opportunities to provide feedback or participate in surveys, including surveys evaluating Pearson products, services or sites. Participation is voluntary. Pearson collects information requested in the survey questions and uses the information to evaluate, support, maintain and improve products, services or sites, develop new products and services, conduct educational research and for other purposes specified in the survey.

Contests and Drawings

Occasionally, we may sponsor a contest or drawing. Participation is optional. Pearson collects name, contact information and other information specified on the entry form for the contest or drawing to conduct the contest or drawing. Pearson may collect additional personal information from the winners of a contest or drawing in order to award the prize and for tax reporting purposes, as required by law.


If you have elected to receive email newsletters or promotional mailings and special offers but want to unsubscribe, simply email information@informit.com.

Service Announcements

On rare occasions it is necessary to send out a strictly service related announcement. For instance, if our service is temporarily suspended for maintenance we might send users an email. Generally, users may not opt-out of these communications, though they can deactivate their account information. However, these communications are not promotional in nature.

Customer Service

We communicate with users on a regular basis to provide requested services and in regard to issues relating to their account we reply via email or phone in accordance with the users' wishes when a user submits their information through our Contact Us form.

Other Collection and Use of Information

Application and System Logs

Pearson automatically collects log data to help ensure the delivery, availability and security of this site. Log data may include technical information about how a user or visitor connected to this site, such as browser type, type of computer/device, operating system, internet service provider and IP address. We use this information for support purposes and to monitor the health of the site, identify problems, improve service, detect unauthorized access and fraudulent activity, prevent and respond to security incidents and appropriately scale computing resources.

Web Analytics

Pearson may use third party web trend analytical services, including Google Analytics, to collect visitor information, such as IP addresses, browser types, referring pages, pages visited and time spent on a particular site. While these analytical services collect and report information on an anonymous basis, they may use cookies to gather web trend information. The information gathered may enable Pearson (but not the third party web trend services) to link information with application and system log data. Pearson uses this information for system administration and to identify problems, improve service, detect unauthorized access and fraudulent activity, prevent and respond to security incidents, appropriately scale computing resources and otherwise support and deliver this site and its services.

Cookies and Related Technologies

This site uses cookies and similar technologies to personalize content, measure traffic patterns, control security, track use and access of information on this site, and provide interest-based messages and advertising. Users can manage and block the use of cookies through their browser. Disabling or blocking certain cookies may limit the functionality of this site.

Do Not Track

This site currently does not respond to Do Not Track signals.


Pearson uses appropriate physical, administrative and technical security measures to protect personal information from unauthorized access, use and disclosure.


This site is not directed to children under the age of 13.


Pearson may send or direct marketing communications to users, provided that

  • Pearson will not use personal information collected or processed as a K-12 school service provider for the purpose of directed or targeted advertising.
  • Such marketing is consistent with applicable law and Pearson's legal obligations.
  • Pearson will not knowingly direct or send marketing communications to an individual who has expressed a preference not to receive marketing.
  • Where required by applicable law, express or implied consent to marketing exists and has not been withdrawn.

Pearson may provide personal information to a third party service provider on a restricted basis to provide marketing solely on behalf of Pearson or an affiliate or customer for whom Pearson is a service provider. Marketing preferences may be changed at any time.

Correcting/Updating Personal Information

If a user's personally identifiable information changes (such as your postal address or email address), we provide a way to correct or update that user's personal data provided to us. This can be done on the Account page. If a user no longer desires our service and desires to delete his or her account, please contact us at customer-service@informit.com and we will process the deletion of a user's account.


Users can always make an informed choice as to whether they should proceed with certain services offered by InformIT. If you choose to remove yourself from our mailing list(s) simply visit the following page and uncheck any communication you no longer want to receive: www.informit.com/u.aspx.

Sale of Personal Information

Pearson does not rent or sell personal information in exchange for any payment of money.

While Pearson does not sell personal information, as defined in Nevada law, Nevada residents may email a request for no sale of their personal information to NevadaDesignatedRequest@pearson.com.

Supplemental Privacy Statement for California Residents

California residents should read our Supplemental privacy statement for California residents in conjunction with this Privacy Notice. The Supplemental privacy statement for California residents explains Pearson's commitment to comply with California law and applies to personal information of California residents collected in connection with this site and the Services.

Sharing and Disclosure

Pearson may disclose personal information, as follows:

  • As required by law.
  • With the consent of the individual (or their parent, if the individual is a minor)
  • In response to a subpoena, court order or legal process, to the extent permitted or required by law
  • To protect the security and safety of individuals, data, assets and systems, consistent with applicable law
  • In connection the sale, joint venture or other transfer of some or all of its company or assets, subject to the provisions of this Privacy Notice
  • To investigate or address actual or suspected fraud or other illegal activities
  • To exercise its legal rights, including enforcement of the Terms of Use for this site or another contract
  • To affiliated Pearson companies and other companies and organizations who perform work for Pearson and are obligated to protect the privacy of personal information consistent with this Privacy Notice
  • To a school, organization, company or government agency, where Pearson collects or processes the personal information in a school setting or on behalf of such organization, company or government agency.


This web site contains links to other sites. Please be aware that we are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of each and every web site that collects Personal Information. This privacy statement applies solely to information collected by this web site.

Requests and Contact

Please contact us about this Privacy Notice or if you have any requests or questions relating to the privacy of your personal information.

Changes to this Privacy Notice

We may revise this Privacy Notice through an updated posting. We will identify the effective date of the revision in the posting. Often, updates are made to provide greater clarity or to comply with changes in regulatory requirements. If the updates involve material changes to the collection, protection, use or disclosure of Personal Information, Pearson will provide notice of the change through a conspicuous notice on this site or other appropriate way. Continued use of the site after the effective date of a posted revision evidences acceptance. Please contact us if you have questions or concerns about the Privacy Notice or any objection to any revisions.

Last Update: November 17, 2020