PART I Recommendations to Novice Traders 1 CHAPTER 1 How to Get Started 3 CHAPTER 2 Establishing a Trading Account 7 CHAPTER 3 Choosing the Right Dealer 15 PART II Developing a Trading Method 25 CHAPTER 4 Psychological Challenges of Speculative Trading 27 CHAPTER 5 Discretionary versus Mechanical Trading Systems 33 CHAPTER 6 Technical and Fundamental Analysis 37 PART III The Igrok Method 51 CHAPTER 7 Philosophy of the Igrok Method 53 CHAPTER 8 Evaluating Probabilities Using Technical Analysis 59 CHAPTER 9 Basic Trading Strategies and Techniques 77 CHAPTER 10 Choosing a Currency Pair to Trade 95 CHAPTER 11 Money Management Rules and Techniques 97 CHAPTER 12 Market Behavior and Trader Discipline 103 ftoc.qxd 7/7/06 10:37 AM Page v PART IV Short-Term and Intraday Trading Strategies Using the Igrok Method 111 CHAPTER 13 Principles of the Intraday Trading Plan 113 CHAPTER 14 Entering the Market 117 CHAPTER 15 Exiting the Market 125 CHAPTER 16 The Importance of Timing 133 CHAPTER 17 Trading Strategy During the Central Bank Intervention 141 PART V Templates for Short-Term and Intraday Trading 145 CHAPTER 18 Average Daily Trading Range Templates 147 CHAPTER 19 Technical Formation Templates 159 CHAPTER 20 Trendlines, Support, and Resistance Templates 191 CHAPTER 21 A Sample Trade 207