Member-only story
Trading with Kathy Lien
“Day Trading and Swing Trading the Currency Market” by Kathy Lien is a standout book in the world of forex trading literature, authored by one of the industry’s most respected figures. Kathy Lien, a seasoned trader and managing director at BK Asset Management, brings her extensive experience and expertise to this work, making it a valuable resource for both novice and intermediate forex traders. First published in 2005, with updated editions released over the years, the book remains a go-to guide due to its practical approach and relevance in the fast-paced currency market.
The book focuses on two specific trading styles: day trading, which involves opening and closing positions within a single trading day, and swing trading, where positions are held for several days to capture larger market movements. Lien expertly bridges the gap between theory and practice by combining technical analysis (charts, indicators, and patterns) with fundamental analysis (economic events, interest rates, and geopolitical factors). This dual approach is beneficial in forex, where both market sentiment and macroeconomic data heavily influence currency values.
One of the book’s strengths is its structured breakdown of trading strategies. Lien provides a variety of techniques tailored to the forex market, such as breakout trading, range trading, and news-driven strategies. Each method is explained…
