Book Description
Praise for FOREX CONQUERED
"In this amazing book, John covers it all. From trading systems to money management to emotions, he explains easily how to pull money consistently from the most complicated financial market in the world. John packs more new, innovative information into this book than I have ever seen in a trading book before."
—Rob Booker, independent currency trader
"John Person is one of the few rare talents that are uniquely qualified to help traders understand the process of successful trading. With today's markets becoming increasingly challenging, John has cut right into the essentials and brought forward the much-needed tools of forex trading. This clear and well-organized publication is a major step forward in helping traders gain an edge. I would highly recommend Forex Conquered as a valuable handbook for both aspiring and experienced traders alike."
—Sandy Jadeja, Chief Market Analyst and EditorLondon Stock Exchange, London, England
"Forex Conquered is a bold title, but this book delivers the tools needed for successful forex trading. There is no fluff here, just the wisdom of a trading veteran that I have always respected-and followed."
—Michael Kahn, Editor, Quick Takes Pro market letter and Columnist, Barron's Online
"This is a wonderful, in-depth view into the explanation of technical analysis and prudent money management guidelines in the forex market."
—Blake Morrow, President, 4XMadeEasy
"Forex Conquered is a meaningful contribution to the growing number of books on forex trading. John Person provides a professional view of forex trading that readers will be able to use as a guide for strategies and tactics that work. The scope of the book covers more than forex and includes salient aspects of futures and option trading. It should be read and then re-read!"
—Abe Cofnas, President, Learn4x.com
Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.
Customer Reviews:
Over priced book.......2007-09-18
The author only back tested one idea with two variations, and for this reason it deserves two stars. In the book, Pivot Point Analysis, Fibonacci methods and Elliott Wave Theory are all nonsense and that is why I believe the author did not back test the aforementioned. I believe there is more reliable methods for trading such as: pattern recognition; intermarket analysis; and to a certain extent few indicators for timing only.
Armed and Ready to Conquer!.......2007-09-15
Bought it...read it...enjoyed it. I have read numerous books in the last 3 years on topics such as stocks, options, trading systems and most recently currency trading, which is my prime area of interest. Many were written by authors who talk the talk. John Person talks the talk AND walks the walk. Translated: he writes about systems, triggers, indicators and trading philosophies that HAVE BEEN SUCCESSFUL for him, and he has the experience to back it up. Will they be successful for the reader? That depends on many variables, not the least of which is how well one learns and implements the material. You know what they say, you can lead a horse to water but you can't make him drink. While the author could have used a good proof reader and larger more visible charts, the material is relevant, insightful and interesting. And heck, you even get a CD with a few lessons on it to make things a little clearer. There are many ways to trade the markets. This book provides insight as to how one SUCCESSFUL trader has done it. You can criticize many things in life but one thing has always been true: you can't knock success. Thanks John, for sharing with us the weapons you carry into battle with the forex market. I, for one, am better armed because of it.
Be aware.......2007-09-10
in this book you have lots of fillings. like that : because any idea will work great if you have a trending market. so I do not like the charts that shows a good looking results while it does not work in the real live trading. it has three poor systems with no commision or slippage (the profit target for the winners is 40 pips while the neglegted commision is 30), sure it will look good on the backtested results but unfortunatly it is not realistic, it is deciving."traditional chart Patterns" is usless pages and candlestick patterns, pivot point calculation are free on the internet, introduction to the Curruncy market......I could not find one single thing or idea to say somthing positive about this book So
Be aware of any guy with ear to ear smile on his book cover. and do not beleive the five stars unless the reason is clear. review it first then make up your mind
Good Work!.......2007-07-13
Excellent book. Reveals 3 BACKTESTED profitable forex trading systems, one of them averages 130 pips a month. Take note all the forex authors out there, show us the backtest results of your forex system or shut the hell up!!!
Written By A Real Trader.......2007-06-07
I've known John Person for several years now and I can tell you that he is a true trader who makes his living in the markets. There are two types of authors who write trading books - those that write about trading but don't actually trade everyday and those who trade every day and know what they are talking about and write books simply because they love talking about trading and enjoy helping other traders find success. John is definitely a true trader first - something you can tell immediately in the first few pages.
Forex Conquered offers specific trading strategies that you can use immediately which is what sets this book apart from all the others. If you've been disappointed by other books that talk in generalities, buy this one. John gives step-by-step instructions so that you can learn how to trade yourself instead of relying on others for "tips" or strategies you don't understand. I highly recommend it.
Book Description
Written by Kathy Lien—chief strategist for the number one online currency broker in the world—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this market actually works. It contains actionable information and strategies, which can help you enter this highly competitive arena with confidence and exit with profits.
Download Description
""This is an extraordinary book that is many levels above other books on currency trading. It's filled with practical tips deriving from Kathy's experiences as a trader at JPMorgan and as an analyst and educator to online traders. A must-read for novice and experienced traders alike, this book will save readers a lot of money in expensive trading lessons."" --Drew Niv, Chief Executive Officer, Forex Capital Markets LLC ""I thought this was one of the best books that I had read on FX. The book should be required reading not only for traders new to the foreign exchange markets, but also for seasoned professionals. I'll definitely be keeping it on my desk for reference. ""The book is very readable and very educational. In fact, I wish that Kathy's book had been around when I had first started out in FX. It would have saved me from a lot of heartache from reading duller books, and would have saved me a lot of time from having to learn things the 'hard way'. ""I look forward to reading other books from her in the future."" --Farooq Muzammal, Head of Foreign Exchange, Europe, Refco ""Kathy's book is an indispensible tool for Forex traders, whether you are a professional or novice. It not only lays the groundwork for an in-depth understanding of Forex trading, it also contains numerous fundamental and technical strategies . . . I suspect that many traders will be keeping Kathy's book within arm's reach for many years to come."" --Eddie Kwong, Executive V.P./Editor in Chief, Tradingmarkets.com ""There are aspects to trading currencies that are different from trading equities, options, or futures. In this book Kathy Lien gives a deep insight into all the mechanisms that take place in the currency markets. Any currency trader will gain more confidence in their trading after reading this book."" --Jayanthi Gopalakrishnan, Editor, Stocks & Commodities magazine ""Kathy has done a brilliant job with this book. She speaks directly to traders and gives them guidance to improve their performance as Forex traders. I took some notes and ideas from the book myself that are going to be very useful for my business."" --Francesc Riverola, CEO, ForexStreet SL Discover a variety of technical and fundamental profit-making strategies for trading the currency market with Kathy Lien, the Chief Currency Strategist at Forex Capital Markets LLC (FXCM). Lien describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationships, interest rate differentials, option volatility, news events, and central bank intervention.
Customer Reviews:
Superficial at best..........2007-08-08
I just finished reading this book and after reading more than a dozen of books on forex and day trading I must say the book is a waste of money. Most of the topics in the book are covered superficially and the few trading strategies presented are poorly documented and contain errors.
Not so useful!.......2007-07-15
In my search for good FX trading books, I found no good book yet, and this book is no exception. This book is poorly written, has no consistent flow, and it does not lead the reader anywhere. Just few areas I found somewhat interesting like correlation between pairs, and volatility as a function of time of the day, and that is why I gave it a rating of 2. Otherwise, 1 will be enough. Someday someone may write a good FX trading book that really respects the intelligence of the reader. Not all FX retail traders are losers!
Superb resource for all active forex traders - highly recommended!.......2007-06-04
Kathy Lien has written one of the most important "must have" books for active forex traders with "Day Trading the Currency Market".
Packed with practical insights and solid trading setups, she's written a superb book that's packed with useful trading how-tos, from one of the most respected forex authorities found.
Specifically, I found her correlation tables and volatility indices very valuable, as well as her step by step explanations of how to look for both fundamental as well as technical market-moving patterns. I'm recommending her book to all my Forex traders on my forexonfire dot com site, as excellent resources to own.
Additonally, she's provided superb explanations of how the mechanics of currency trading works, and the impact of various market opens, when and how to trade various technical chart patterns, and much more.
This book, along with Boris Schlossberg's excellent "Technical Analysis of the Currency Market", are the two best forex books on the market and are highly recommended.
Good trading,
Ken Calhoun
ForexOnFire
great starter must have.......2007-05-19
great book i used it always when i first entered forex, and still do. lots of knowledge and wisdow. not to mention it teachs you some stratagies.lots of books say they show you stratagies, but few deliver. this is one of them that does. this book was recommended to me as intermediate but i think it is a must have beginners guide, worth 4 of my beginners guide books.
Close to Ideal, Casi Perfecto.......2007-01-18
A lot a very important information for beginers and medium traders.
It is very complete from the fundamental view, has a couple a trading thechniques that I guess that works in real trading.
Overall great book!.More than I expected!
To be perfect She must write down more techniques to trade.
Is not nice the advertisement that she perform a long the book, due to the fact that the "Real & Good" information that she mention is not free in fxcm.
Finally read this book definitelly made me a better trader!!!.
Un monton de informacion muy importante para Traders principiantes y medios.
Es muy completo desde el punto de vista fundamental y tiene varias tecnicas de trading que al parecer funcionan en el trading real.
En general un gran libro,Mas de lo que esperaba!
Para ser perfecto ella tendria que haber escrito mas tecnicas de trading.
No es agradable la publicidad que le hace a FXCM a lo largo de todo el libro ya que las herramientas "Buenas y reales" no son gratis en FXCM.
Finalmente leer este libro me hizo un mejor trader!!!
Saludos
Muchas gracias Lien !
Book Description
"
Beat the Odds in Forex Trading provides traders with tremendous value by disseminating the trading methods and philosophy of one of the most remarkable Forex success stories since Soros."
--Alexander De Khtyar, President, Forex International Investments, Inc.
Add certainty and systematization into Forex trading with this practical approach. Author and industry professional Igor Toshchakov shows how recurring market patterns--which can be recognized on a simple bar chart--can be successfully used to trade the Forex market. Written for traders at every level, this valuable resource discusses the challenges of developing a trading method, while revealing the Toshchakov's approach to the market--both from a philosophical and tactical point of view. You'll discover specific trading strategies based on recognizable market patterns, get detailed information on entry and exit points, profit targets, stop losses, risk evaluation, and much more.
Customer Reviews:
Thoughtful analysis.......2007-09-24
This is a very worthwhile book that provides a clear and thoughtful investigation of the behavior of forex markets. There are no false notions that reading this book will automatically make you a millionaire. Instead there is an invitation to use these guidelines to do the work of developing your own system for trading. The author provides guidelines and templates that he uses in trading. More importantly, he provides the basis for a trader to construct his or her own system, based on an ongoing analysis of the basic structure of forex trading, and essential observations of price action. He doesn't downplay the extent to which forex price patterns include elements of unpredictability and randomness. However, he shows how one can learn from observation of what is occurring in the present situation as it unfolds to make trades with increased probabilities for success. This approach does not overemphasize technical analysis, but considers technical analysis as a way to gain confirmation of what is being observed. Thus, the reader is invited to build a system that increases probabilities for success while eschewing the false assumption that the future can be predicted from the past.
Not useful at all........2007-07-27
I tried the concept described in this book in my demo a/c (thank god) for almost 1 1/2 month,even though most of the setup described in this or any other book are chosen to curve fit the formula. The results were random, which would have been the same if I had thrown a dice. My advice is to trade by fundamental news and open a hedge position. Being a lonely trader without the knowledge of so called experts or a team of economic research analyst, for a person like me I open both buy and sell position whenever there is a major economic event like interest rate announcement, consumer index etc. I cover the losing position and ride the winning position. After reading many books, attending seminar this is the only thing working for me. By the way most of the TA indicator like MACD, RSI, various moving averages etc. are all lagging indicator. Since history does not predict future why depend on them.
Once again, where is the PROOF that these setups are even remotely profitable?.......2007-07-14
Another forex book with just a bunch of chart patterns that supposedly make money. As usual, no (Omega Trade Station) backtests. I even asked the author for the backtest results, his reply was something like this: "Well just try them [the patterns] and see if they work for you" ?!?!?!
Unfortunalely a lot of newcomers and newbies are clapping and praising this book, even though those people have no way of knowing if these patterns can pass a test of only 200 daytrades, let alone 1,000 historical daytrades!
Even more disturbing is the fact that the author shows you a pattern and the buy sell entry/exit, but then a few pages later, he shows you the same exact pattern and tells you that you can also do the reverse ?!?!?
In other words the pattern is supposed to make money no matter how you trade it?!?!
So Mr. Toshchakov, we are still waiting for your backtest results. Show us that these patterns make money (if any).
Incomprehensible and utterly worthless for actual trading.......2007-05-18
I assume most of the glowing reviews of Toshchakov's inscrutable mish-mash are shilling for the publisher. This book makes problematic systems based upon crude algorithms, simple break-outs, and even astrology look positively brilliant by comparison. Without a doubt, this is one of the most useless trading manuals ever devised and represents a total waste of the reader's money. The highly-touted, ostensibly KISS templates that constitute the system's heart are so complex, obscure, and hedged about by contingent factors as to be absolutely impossible to identify, much less utilize. Even the author's "commsense" advice on trading trendlines is facile garbage for anyone who has more than a few week's experience on the FOREX. I feel sorry for those who purchase this volume in the honest hope of learning some viable trading techniques: their intense disappointment -- and monetary loss -- is guaranteed.
Wow - its the first Forex book that i did not regret buying.......2007-05-13
This book is a must have for forex traders. Even if it require alot of practice to be comfortable applying the techniques, you must read.
Book Description
Praise for ADVENTURES of a CURRENCY TRADER
"A truly easy, unique, and enjoyable read! Rob has done it once again to teach us in the funniest way possible how not to make the most common trading mistakes. If you are tired of reading how-to books, this is perfect for you. I highly recommend this book to all traders. Everyone will learn something about themselves by reading this book."
—Kathy Lien, author, Day Trading the Currency Market, and Chief Strategist, www.dailyfx.com
"Adventures of a Currency Trader is a must read for anyone who has ever traded or is thinking about trading in the Forex markets. Rob Booker has a unique way of taking years of market knowledge and transforming it into an educational and entertaining experience. It has quickly become a cult classic in my trading library!"
—H. Jack Bouroudjian, Principal, Brewer Investment Group
"Brilliant! Rob's humor and humanity shine through in this parable about trading and life. Filled with wisdom and wit, it's an exhilarating rollercoaster ride through the peaks and valleys of the learning curve, with many valuable lessons learned along the way."
—Ed Ponsi, President, FXEducator.com
"Rob's fable of everyman 'Harry Banes' is destined to become a trading classic. This is both the missing piece and the foundation that comes before the strategies and methodologies. The search for the Holy Grail begins and ends in the heart and mind. The journey is authentic and real and if you're willing to take it with Rob, you will be rewarded in the end. Seldom has psychology and wisdom been so entertaining!"
—Raghee Horner, trader and author of Forex Trading for Maximum Profit and Days of Forex Trading
"In a series of insightful and entertaining vignettes, Rob Booker teaches both the novice and the experienced trader some hard won truths about the currency market. It's a must read book written by a guy who survived the trenches and went on to prosper in the biggest and most competitive financial market in the world."
—Boris Schlossberg, Senior Currency Strategist, Forex Capital Markets LLC, and author of Technical Analysis of the Currency Market
Customer Reviews:
Good Read, but only tells what can be wrong ..........2007-10-06
It is in a story form and lets you read quickly. Telling you about how a novice can get everything wrong, but then how to make it right was not cover in detail, probably making it too easy. The man in the book more or less lost his account in the first few trades, very typical, but then he can do it right and start making money soon afterward, not very typical .... my understanding.
Overall, fun to read, but I don't learn much from it.
Highly Recommend.......2007-09-26
This book is a welcome diversion from the vast array of trading instruction available. Light reading but still loaded with great info and insights every trader will appreciate. The author tells a good story too!
A Really Good Book........2007-09-23
What a really good book. I wish Rob could have written all my textbooks over the years, as I would have learnt a lot more. I usually learn everthing by reading textbooks or by the instructions on the can and it is hard to teach yourself. This book made me laugh at first, because nobody could be as foolish as Harry, but halfway through the book, I realiized, I am Harry, except that I had no one to take me under their arm and say, "This is what you must do, do this and you will succeed", life would be a lot easier. Rob gets the message across in this book by telling it through the life of Harry, his mistakes, coverups and bascially stumbling through life. It is a very good book.
B.S. Artist.......2007-09-23
This guy is an entertainer: the book, like his other work avaiable on the web, is genuinely entertaining. But he is at core a B.S. artist. This puts him at the level of most anyone on TV or in print who gives Trading Advice. According to his own Bio he has bounced from job to job and has finally found one that he can cash in on for a while. Read for fun and with a pound of salt.
Excellent read....Highly recommended.......2007-09-21
This book is a must read for anyone that is thinking about or currently trading forex. Harry Banes starts out without a clue how to begin, like many novice traders, and is able to figure out how to become a better person and a better trader through discipline and hard work. This is a great book and was tough to put down. Rob does a great job of showing you what not to do during the initial stages of your trading career and what to do when you are really ready to get going.
Book Description
Global Investing is based on the authors' award-winning research on investment returns. It gives extensive treatment to the returns on all major asset categories--many found nowhere else--and relates these returns to risk, marketability, taxation, and information costs. Supplementing this wealth of information is sound financial advice on building and maintaining diversified portfolios, based on field-tested economic analysis and historical evidence of capital markets throughout the world--including the boom of 1986-1987 and the subsequent crash, as well as recent developments in Europe and on the Pacific Rim. To expand investment choices and help readers get the greatest return in investment markets, Global Investing pinpoints where money has been made in stocks, bonds, cash and cash equivalents, real estate, gold and silver, tangible assets, options, and futures. What's more, it covers the introduction of new financial instruments and opportunities, including asset allocation and derivative securities. Incisive, intelligent, and packed with charts, tables, and graphs, Global Investing helps investors and financial professionals track broad global trends, identify the risks associated with investments in various assets, and select the right investment opportunities.
Book Description
Profiting with Forex introduces investors to all the advantages of the global foreign exchange market and shows them how to capitalize on it. Readers will learn why forex is the perfect supplement to stock and bond investing; why it is unrivaled in terms of protection, profit potential, and ease of use; and how it can generate profits, whether the other markets are up of down.
Written by two leading forex experts, this complete investing resource uses basic economic principles, solid technical analysis, and lots of common sense to develop an arsenal of tools and techniques that will lead to winning results in the lucrative foreign exchange marketplace. Profiting with Forex includes everything that investors need to know about:
The many advantages of the forex market: huge market size, ease of entry, profit potential, tax incentives, 24-hour trading, no commissions, increased leverage, and guaranteed stops
The basic terms of forex trading: definitions of important concepts, including "pip," "currency pair," "contract" or "lot," and more
Genesis and growth of the forex market: how the forex market emerged out of a changing global financial landscape and continues to changes and adapt with that same volatile landscape
Fundamental factors that shape the Forex market: the U.S. government, inflation, the U.S. stock market, China and other emerging markets, oil, and breaking news
Fundamental tools for tracking Forex market changes: interest rates, Treasury International Capital Data, Consumer Price Index, S&P 500, U.S. dollar vs. Chinese yuan, balance of trade, crude oil futures, and news media
Technical analysis tools and indicators for gauging market sentiment: moving averages, oscillating indicators such as, stochastics, Commodity Channel Index, Relative Strength Index, Fibonacci analysis, and others
Filled with over 150 illustrations and figures, Profiting with Forex also shows investors how to combine their newly acquired knowledge of Forex fundamentals with proven trading techniques that can generate great rewards in the market.
Customer Reviews:
thousand mile begin with the first step.......2007-07-03
very nice book for novice. this book story about what is behind the forex market. National Debt,Inflation,Interest rate statement everything are inside in this book.
look for something else.......2007-05-09
If you have some understanding about the economy look for something else. The book is too basic. All the time you see same supply/demand charts. Even at university for me it was enough to see them once to understand. Why do they have to be on every second page in the book about forex market? If it would be named "Forex for Dummies" that would be the right title.
Some times it is misleading eg. when authors compare for example forex with futures or options, or the statement about guaranteed stops...
I've bought this book and now I'm looking for some thin else that I would be able to use... This is when I'm posting this comment... because this book appeared among search results once again...
Forex made clear.......2007-04-12
It is really a great book.
It introduces the key factors that move forex market(fundamentals) and tools to know how the market will move drove by fundamentals(the technical analysis). It translates the economic factors in what really moves the market, i.e, supply and demand.
Here, technical analysis is used as tool to pinpoint entry and exit points and, again, to look how the market will move.
I am not experienced in forex, I am just starting and this book helped me a lot, to make things clear. It gives you a start point with which you can build your own trade strategy.
Although it is a basic level book, its a great start point.
After read this book, its worth have a look at Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) to dig deeper in technical analysis and also The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities to improve your understanding in how economy afects the market.
There is meat in this book.......2007-04-07
I am not a FOREX trader. I read this book to have an overview on the subject. This book is indeed good in giving the marketwise fundamentals of the FOREX. Although it is an introductory book, one can learn a lot from it by reading it by thinking.
Decent Introduction to Forex.......2007-04-05
I like this book. It is good for the beginner, though it focuses mainly on fundamentals. The Fundamentals, however are well explained, which is an added plus as I think that not many beginners focus on foundamentals enough.
Overall I think it was well written and the authors try to throw some humour in there to keep you interested. Go ahead and buy it you will not be disappointed.
Book Description
Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for those who are unprepared for its rhythms and movements.
Now, Jared F. Martinez, one of the foremost experts in currency trading, draws upon his vast knowledge and experience to deliver 10 key practices for trading in Forex. The 10 Essentials of Forex Trading shows you how to use charting methods to effectively relate market movements to trading patterns-and turn those patterns into profit.
No matter your level of trading experience, you can develop the skills you need to become a consistently successful foreign currency trader-from using the right trading tools and balancing equity management to trading in buy and sell zones and identifying trends and trendlines. You'll discover what drives the Forex market and how to navigate the three stages of Forex trading: acquiring new trading rules, controlling disciplined thought, and implementing disciplined action.
Martinez also prepares you to:
- Understand the financial game of support and resistance between Bulls & Bears
- Use Japanese Candlesticks to discern the sign language of the market
- Create an entry strategy and a consistent exit strategy
- Use Fibonacci as part of your trading approach
- Forecast sideways movement in the market-and trade it
Martinez shows you how to put it all together to execute a successful trade by finding convergence and analyzing the market on multiple timeframes. You'll also learn how to gain control over your emotions-a vital part of trading on Forex-and eliminate bad habits that can prevent you from becoming a confident, competent, and profitable trader.
To trade the Forex market, you must come to the trading table prepared. The 10 Essentials of Forex Trading arms you with the tools to develop a solid personal trading constitution and reap the financial outcome you desire.
Customer Reviews:
Very basic. Beginners only. Not forex specific at all.......2007-08-09
Sorry that I still have no idea of what the 10 essentials are after I finished it, but as a professional trader I can tell the book is too shallow to be helpful at all, despite the author's outstanding writing skill. Some may argue that I am too demanding to require a book of less than 200 content page to be compleat but I assure you the FX market is a killing field with a casualty rate of over 90% that forgives no mistake nor ignorance. Of course, if you think a lukewarm mix of Candlestick, Fibonacci, Trendline, FA and equity management is good enough, please simply neglect this review. Otherwise,..............
p.s. Despite my low rating of it, below please find my favorite passages for your reference.
A wise, old Indian chief was speaking with his grandson about life, telling him about the internal battle that goes on inside all people. He said, "My son, inside all of us there exists a constant battle between two wolves. One wolf is very evil. It forces you to deal with anger, envy, jealousy, sorrow, regret, greed...............The other wolf is good. It helps you to experience joy, peace, love, hope, serenity, humility......." The grandson thought about it for a minute and then asked his grandfather, "Which wolf wins?" The chief replied, "My son, the one you feed." pg 1
"Anyone wanting to make some money today? Just watch and trade the GBP. The bulls are after a high from several years back and when they get near it and/or take it out and achieve a new high, turn to a 15 min chart and keep your eyes open for an evening star, engulfing bearish candle or tweezer tops. The second one of them appears, go short!" pg 74
Just remember, nothing lasts forever....there will be signs that you will need to pay attention to....you can begin to make the necessary adjustments to either hold onto what you are about to lose or aggressively start taking advantage of getting out of the mess you are in. pg 114
Do not believe the "4" or "5" Star Hype.......2007-07-23
As a former insider at MTI, I can attest to the previous "1" star ratings and support the same with facts. This author's primary business is in education; however, this author doesn't even understand the product of sums. This book is nothing more than an extended table of contents coupled with an exorbitant number of references to his business. The decision to buy this text should be one of prudence. Please review the book physically before buying.
The author is preying on the "ignorant" public that is eager to trade. I would not put is past this author to instruct his own employees/colleagues/friends to write positive reviews (FxAngel, R. Enright).
A few good text recommendations are from CTrader's review that I agree with:
"If you want to know about technical analysis for forex or stocks -which is the same- you can check Jon Murphy, Schwager, or J. Magee.... books
If you are looking for psychology of trading go for Mark Douglas or others."
Great Book.......2007-06-04
This is the best book on Forex trading that I read so far. It is more or less a intro to the author's school and company, but it also contains a lot of good basic info in a plain and simple format that a beginner like myself can understand.
hopeless.......2007-05-31
I have to agree with Ctrader (see below, 1 star).
It is unbelievable that a book like that could be published in 2007. There is absolutely nothing new at all. The usage of the patterns is not even well described. The usable content is very basic and limited. It is full of personal experiences or allusion to other stories. Full of advertisement for his MTI.
It does not deliver what is written on the front cover. "The rules for turning patterns into profit" where is that? The title: "The 10 essentials..." What are these 10 things exactly?
I bought that book thanks to the 5 star reviews below (before the 1 star review from Ctrader) since I cannot have a look to books where I live...
The 5 star reviews giving no valuable information seems to bloom very easily and fast for this book!
Simply Amazing.......2007-05-31
This book is amazing. Not only does it deal with the trading aspect of foreign exchange but it also deals with the psychological aspect which is very important. I would recommend this book to anyone thinking of trading in the foreign exchange market or someone who has been doing it for years.
Book Description
Take an in-depth, how-to look at Forex trading using the methods, analysis, and insights of a renowned trader, Raghee Horner.
As the fate of the dollar against foreign currency generates both anxiety and opportunities, currency trading has been drawing much interest and a growing following among traders in the United States. The Forex market is particularly attractive because it trades with no gaps and has unlimited guaranteed stop-losses. The liquidity of the Forex market and worldwide participation makes for more reliable and longer lasting trends as well.
Raghee Horner, legendary not only as a top Forex trader but as a master teacher of trading systems and techniques, draws on her winning tools and methods, including classic charting techniques, in this book. She'll enable you, regardless of your skill level as a trader or investor, to understand how the Forex operates and lays out a blueprint for getting starting in this little-understood but high-potential trading vehicle.
Customer Reviews:
Beginner's Book.......2007-09-27
Having read more than 6 other beginner books, I must give this 4 stars; 3 for the book and 5 for the CD. It is clearly written, gives a fairly solid foundation but lacks the following;
[] Clear entry and exit points - See Schlossberg
[] Candlesticks - See Pring (Candlesticks)
[] Fundamental analysis - See Jagerson (Profiting with Forex)
[] Basics - Go online or Archer/Bickford book
[] Mental conditioning - have not found a good book yet.
Nowhere in the editorial reviews or the back cover does it say that these topics are missing, so I had to mark the book down for that. The only reason I gave the CD 5 stars is because, once you have read the other books, the CD becomes valuable for beginners wanting to grasp setups that show entry and exit strategies.
Fair Book.......2007-05-23
This was the first forex book I bought,at that time it seemed very interesting,the system seemed very simple at a glance but after playing around with it I realise this was not for me.If you are new to forex it's a good start,not knocking the book it did arouse my interest to seek out other books.The momentum brake out is Raghee favorite pattern,for me the 34 esp.moving average is to far away from the market. A better combo is
8 and 21 SMA knowing how to use this combo will yield better results.
smarmy come-on.......2007-03-13
Have you seen the smarmy come-ons for shonky products? Sometimes advertised on TV or radio. With a free 800 phone number you can call, for free material. Sounds promising, you think. But then when the literature arrives, it's little more than a push to buy the "premium" stuff. That is what Horner's book feels like. She waffles all over the place, with interminable babble about the greatness of her method. Yet a careful parsing of the book shows little substance. All the while "subtly" mentioning her website with the hot stuff. Bait and switch.
Well, you could save some money and avoid this book. But unlike some others who suggested you visit her website and drop $400, I would recommend also avoiding it. Given the vapidness of the book, it is not a good precursor.
A terribly expensive brochure-an affront to financial literature.......2007-03-06
Any other book you buy on forex is going to be better than this one. You'll be left wondering how it is that the author could possibly feel that this is going to benefit anyone (except herself). A real disappointment. If I could have rated it less than 1 star I would have.
A come on to sell you her propriatary items.......2007-02-11
The book in general was fun to read but very lacking in any real technical analysis. The author simply uses a modified version of channels which she then purports as the end all in support resistance, entry and exits. If you want to get the indicators she uses they will cost you another 400 dollars! I thought this was a very tacky attempt at promoting herself. To me her book is just a way for her to build up her own trading account.
Book Description
Praise for Foreign Exchange
"Tim Weithers starts by telling the reader that foreign exchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that money is much more exciting than anything it buys. This useful book is a whirlwind tour of the world's largest market, and the tour guide is an expert storyteller, inserting numerous fascinating insights and quirky facts throughout the book."
-John R. Taylor, Chairman, CEO and CIO, FX Concepts
"The book reflects the author's doctorate from the University of Chicago, several years' experience as an economics professor, and, most recently, a very successful decade as an executive at a huge international bank. These fundamental ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew."
-Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College
"In this book, Tim Weithers clearly explains a very complicated subject. Foreign Exchange is full of jargon and conventions that make it very hard for non-professionals to gain a good understanding. Weither's book is a must for any student or professional who wants to learn the secrets of FX."
-Niels O. Nygaard, Director of Financial Mathematics, The University of Chicago
"An excellent text for students and practitioners who want to become acquainted with the arcane world of the foreign exchange market."
-David DeRosa, PhD, founder, DeRosa Research and Trading, Inc., and Adjunct Professor of Finance, Yale School of Management
"Tim Weithers provides a superb introduction to the arcana of foreign exchange markets. While primarily intended for practitioners, the book would be a valuable introduction for students with some knowledge of economics. The text is exceptionally clear with numeric examples and exercises that reinforce concepts. Frequent references are made to the economic theory behind the trading practices."
-John F. O'Connell, Professor of Economics, College of the Holy Cross
Customer Reviews:
Foreign Exchange is foreign no longer.......2007-09-05
The esteemed Dr. Weithers explains the foreign exchange market nuances with elan, wit and clarity. I would be very much suprised if this book is not considered the definitive work on the topic in the very near future. Brilliant, bold and insightful.
Kevin J. O'Mara
Very informative, very readable.......2007-03-09
This book was exactly what I needed. I was familiar with forex futures, and I wanted to break into the cash forex market and possibly into currency options. This book gave me a clear explanation of the markets, including the conventions, the mechanics, the spot market, forex swaps, forex options, etc., and some of the factors which drive exchange rates (e.g., interest rates).
The book is very readable. Usually, this sort of thing puts me to sleep. But I knocked off a chapter per day, no problem. The author is a member of the UBS training department, and he clearly has experience explaining this topic to the uninitiated.
The math is quite light. Nothing more complicated than algebra, which is necessary to explain some pricing logic.
The book does not contain trading secrets. It is not a system for trading forex. It does not explain How I Made $1,000,000 Trading Forex. It will not help you pick a broker. It is not an exposition on the stochastic theory of forex pricing. It is, however, a clear explanation of the FX markets.
Heavy.......2007-02-22
This is not a practical guide to the FX markets. It is written by an academic and sounds like it. Overly complicated.
Basic FX knowledge.......2006-11-10
The book is good for someone with no exposure to FX markets and for those who want to get a handle on things like how rates are quoted, why digital options make sense etc. The only gripe I have about this book is that it is an introduction to the topic, and not an advanced exposition on FX models, etc. Otherwise it is well written.
Book Description
Getting Started in Currency Trading is both an introduction and reference tool for beginning and intermediate foreign exchange (Forex) traders. This information-packed resource opens with a description of the Forex market and a section of clearly defined Forex terms with examples. You'll learn how to open your own trading account by following step-by-step instructions and numerous screen shots that show you what expect inside a dealer's trading platform. You'll walk through the physical process of placing and liquidating currency orders. Later chapters introduce various trading strategies and tactics in detail, along with some fundamental and technical analysis that will help you win in the exploding foreign exchange trading market.
Download Description
An accessible introduction to the exploding foreign exchange trading market Getting Started in Currency Trading is both an introduction and reference tool for beginning and intermediate foreign exchange (Forex) traders. This information-packed resource opens with a clear description of the Forex market and a section of Forex terms that are clearly defined with examples. Readers are then shown how to open their own trading account with step-by-step instructions-accompanied by numerous screen shots of what to expect inside a dealer's trading platform-that walk them through the physical process of placing and liquidating currency orders. Other chapters introduce various trading strategies and tactics in detail, along with some fundamental and technical analysis to assist the trader in their decision-making process.
Customer Reviews:
Exactly what you should get in a beginner's Forex book.......2007-07-12
This book is exactly what a beginner's Forex book should be. It gives you a very brief history, terms used in Forex, the mechanics of Forex, how to open an account with a broker or online, the calculations, some money management techniques and a chapter on fundamental and technical analysis and resources. It contains just enough information for a beginner to get started without overwhelming her / him.
broad over view.......2007-05-19
but abit lacking on knowledge.not enough indepth knowledge and wisdom for me. but none the less useful. more of a quick reference i think.a book more if want a sneek peak at the forex market. easy to read and understand.
USELESS.......2007-04-25
The authors brief treatment of what are very complex topics will lead readers to falsely believe that they can trade these markets with little training. It appears that the authors basically cut and pasted brief paragraphs about a variet of topics and called it a book. Other reviewers have called it a 'big picture' book, the truth is it is a complete waste of time and money.
Boring and Just a Bunch of Information stuffed in There.......2007-04-12
I found this very hard to follow and it seemed like a lot of of info was just copy and pasted into the book. Who knows. That's just my humble opionion.
Wonderful primer for forex trading!!!.......2007-03-18
Before someone can write poetry he must learn the alphabet and some grammar rules. Before you trade forex you should read this book to make forex "poetry" by trading well. This book is a concise and clear presentation of all of the basic ideas needed to trade forex.
It seems to me that there are two kinds of people who will not enjoy this book. The first kind of person will never understand the difference between a "pip" being a trading unit of currency and the funny thing on the end of an orange! Beware of this kind of person. They should spend more time watching the food channel to pick up on new cooking techniques. The second type of person is looking for trading techniques and would do well to read the author's excellent work on charting techniques for forex trading.
Take note, these men are SERIOUS traders and have the rare talent to bring complicated ideas to different levels of readers. This is a primer, nothing else. If you read this book and do not "get anything" from this then you should not be in the forex trading game. You will have learned a very inexpensive lesson. If this book makes no sense to you consider going to cooking school.
However, there are thousands of newbie traders that should own and use this book. Between page 1 and page 182 is a collection of all of the basic ideas that you will need to play this amazing game of forex trading. Good trading to all.
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