The Global Trader: Strategies for Profiting in Foreign Exchange, Futures, and Stocks
- Book Review,
by Barbara Rockefeller
Book Description
Learn how to think like Soros and make a killing in global markets
With the advent of reliable, relatively inexpensive electronic trading systems, global trading, once the exclusive domain of specialists such as George Soros, is now open to the masses. In this book, Barbara Rockefeller tells the average trader everything he or she needs to know to access the global markets and profit from them. Clearly and simply, Rockefeller explains the nuts and bolts of global trading. She examines the importance of futures trading, stock indices, currencies, and other information necessary to be successful. She describes various costing schemes, how to keep and maintain accurate records, and how to deal with a host of common problems encountered in the global markets. And she explains how to understand and use various key indices and types of knowledge required to analyze and successfully trade foreign markets, such as macroeconomics and political analysis.
Barbara Rockefeller (Stamford, CT) is the founder of Rockefeller Treasury Services, an independent research firm specializing in foreign exchange forecasting and currency management. She is also a columnist for worldlyinvestor.com
From the Inside Flap
What makes the global trader different from other traders? The global trader sees a bigger universe of profitable opportunities that includes foreign bonds, emerging markets, futures, and all types of newly developed instruments and securities. But if you want to become a global trader, you have to devote time and study to the effort. The Global Trader prepares you for global investing by helping you discover the trading methodology that fits your preferences, while providing the essential tools necessary for your journey. Seasoned financial writer Barbara Rockefeller first explains how to decide what opportunities are best suited for you and then discusses how to target, research, and trade them within a less efficient yet potentially more profitable global market. She also includes relevant Web sites, books, and magazines that will help you gather international information and wisdom in thinking about these unfamiliar situations. The Global Trader offers the best ways to participate in foreign markets, from iShares to Australian bonds. And for markets where you cannot trade directly, this comprehensive guide shows you how to locate stocks by country. But knowing what to trade does not make a complete global trader. An introduction to the foreign exchange market illustrates how global markets encompass economics, politics, demographics, and cultures as well as business. Important lessons on diversification teach you how to use the futures markets to hedge risk and why the correlation between U.S. and foreign markets can provide a false sense of diversification in your portfolio. Valuable insights on indices, currencies, and global market inefficiencies allow you to track foreign markets and make informed decisions on when to buy and when to sell. Along with these opportunities, The Global Trader gets you started in building your own trading system as well as using technical indicators, including the support and resistance range and adaptive moving averages. For the evolved trader, this concise guide also explains the hedge fund model and how it can be emulated. The Global Trader provides you with proven strategies, guidelines, and tools for trading in global markets. Easy-to-understand examples, charts, and graphs give you the best chance to learn and profit from some of the best global opportunities available today. With The Global Trader you’ll quickly understand why this form of trading is an exceptional way to generate profits, reduce risk, and diversify your portfolio.
Back Cover Copy
TRADE THE WORLD WITH CONFIDENCE "Barbara Rockefeller brings the authority and perspective of a knowing insider to this well-written account of the risks and opportunities in trading highly leveraged markets like interbank currencies and futures." –Nelson Freeburg, Editor, Formula Research, Inc. Face it, the U.S. stock market has been analyzed to death. Long- and short-term investors are looking outside domestic markets to enhance portfolio performance and diversify the way they trade. This is why the concept of a global trader has become so prevalent. Whether you are looking to balance your portfolio, generate profits, or hedge risk, The Global Trader can help you make informed decisions about your global investments. Let Barbara Rockefeller unlock the opportunities and help you find the tools, guidance, and resources to make the most of trading in the less efficient yet potentially more profitable global markets of Europe, Asia, and beyond.
About the Author
BARBARA ROCKEFELLER is the author of CNBC 24/7 Trading (Wiley) and is the founder of Rockefeller Treasury Services, an independent research firm specializing in foreign exchange forecasting and currency management. It publishes two daily reports on international economics and foreign exchange (www.rts-forex.com). A seasoned financial writer, Rockefeller is a columnist for worldlyinvestor.com and has written for many financial publications. She has also taught foreign exchange in many countries around the world. Previously, she was risk manager in the International Corporate Finance Division at Citibank. She holds a BA in economics from Reed College and an MA in international affairs from Columbia University.
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