Many foreign exchange traders use either fundamental analysis or technical analysis and they're often considered to be mutually exclusive approaches. But FX does not have to be traded that way - fusing the two types of analysis will improve your research and, more importantly, your trading results.
This is how Kathleen Brooks trades foreign exchange and she has found it to be successful. In Kathleen Brooks on Forex she reveals the secrets of this approach, demonstrating the indicators she uses, and showing through detailed examples how she plans and executes profitable trades. At the heart of Kathleen's trading philosophy is the principle that fundamental factors - in politics, economics and society - cause currency prices to move in the medium to long term, but throughout the day price movements are best anticipated by looking at technical factors. Building a trading plan around the two sets of indicators works for her. By reading about how she does her pre-trade market analysis (the homework), forms a trading plan and puts the plan into action, readers will see how to apply this principle in practice in their own trading.
Kathleen Brooks says:
"I am pretty much self-taught when it comes to financial markets and the forex market in particular, which has been a long (and ongoing) process of developing my knowledge of financial markets. I usually find it is easy to get resources that are specific about equities - why you should trade them, how to price them etc. However, the information out there about the forex market is fairly sparse. Yes it's a complicated market driven by many factors but it is also, in my opinion, the most fascinating market out there, one that cuts across economics, finance, politics and society.
Forex is the most traded asset class in the world yet there are very few books that appealed to me. I wanted to produce a book that consolidated my knowledge about how to trade the market and also combined the various philosophies - technical and fundamental analysis - that I use to get the deepest understanding of currencies and how they move. Added to that I wanted to write a book that was fun to read and, hopefully, depicted the forex market as a fascinating place to trade."
Kathleen continues:
"I also had another motivation to write the book. I am an arts graduate, in my 30's who managed to work my way into financial markets. Many of my female friends have no idea what I do, or what the forex market is really about. Their lack of financial market knowledge is a big worry for me, as women need to know about financial markets and how they work now more than ever. I hope that by writing this book I help to de-masculinise this market and that women pick up the book and enjoy the forex world, in the same way that I have over the years."
Kathleen Brooks is UK and EMEA research director at Forex.com based in London. She is a regular contributor to Yahoo Finance, Reuters Great Debate and she is often quoted in international publications including the Wall Street Journal and the Financial Times. She can be seen regularly on business TV including CNBC, CNBC Arabia, Sky News Australia and the BBC. She started her career in finance at BP where she worked first as a business analyst in its trading division and then as a trading analyst in its foreign exchange dealing room. Prior to joining Forex.com she was a financial features writer for City A.M. Kathleen holds an undergraduate degree in English Literature and Classical Civilization from Trinity College Dublin, and a Master's of Science from The Graduate School of Journalism at Columbia University in New York City.
For review copies, media interviews or comment, please contact:
Rebecca Blackman
Harriman House Ltd
Rebecca.Blackman@harriman-house.com
Tel: +44 (0)1730 233 885
© Press Release 2013
