Customer Reviews:
The second edition needs some work........2007-07-09
I have had other texts that did a great job at highlighting the key concepts, perhaps creating a sidebar to point out definitions and concepts as they occur in the text. This book assumes that your highlighter will find these nuggets by itself. Also, the chapter summaries were pretty skimpy, and I did not find them to be a valuable study resource.
However, the end-of-chapter questions and problems were fantastic resources to expand my learning and discover weaknesses. I was also impressed by the choice of case studies. These real-world examples contributed to a deeper understanding, and provided a starting point for research.
The range of topics included:
-The International Monetary System.
-Balance of Payments.
-Foreign exchange markets and rates.
-Management of risk due to foreign exchange exposure.
-Sources of global equity and debt.
-International Portfolio Diversification Theory.
-International Tax Management Strategies.
I did learn alot about Multinational Finance from this book, but I think my learning would have been enhanced if the book were developed further.
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:
Great Forex Trading Book.......2007-10-15
I loved this book, it was very inspiring and I think that
Whatever level of trading experience you have you
Would find it helpful.
Here are some of the subjects that I found particularly
Well covered:
* Trading Systems
* Strategies
* Tactics
* Risk Management & Reduction
I also liked the examples and the companion cd.
I would highly recommend it to anyone with an
Interest in Forex.
Gerald Mason
Nothing good here.......2007-09-22
I would agree with Ctrader that this book is not good at all. The CD is a joke as the so called calculators are available for FREE on the internet, deceiving as the "calculators" are webbased and FREE. Unfortunately, once you open the CD you cannot return the book. The 3 systems are worthless, MA and MA of Pivot Point crossovers. A joke. The Fibonacci part, well the author actually missapplies these lines, on the wrong leg, LOL, applied on the current leg instead of on the leg being retraced. A joke. You could learn more for free on the internet from people that actually know how to apply what this author is trying, but not succeeding, in explaining. It is a shame the Wiley would let this author write this book and to allow this nonsense to be published. Shameful way to steal people's money, since once you open the CD slab you cannot return the book.
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
Book Description
International Financial Management combines the fundamental concepts of international finance with solid practical applications. This combination has made it the book of choice at a variety of institutions, including top business schools such as Wharton, Stanford, Northwestern, and INSEAD. Neither superficial nor overly theoretical, Eun and Resnick's approach offers a conceptually solid, yet still relevant, treatment of international financial topics that puts students on the right track to becoming effective global financial managers.
Customer Reviews:
Useless!!!.......2007-04-11
First and foremost, all the previous 7 reviews are not for this "Cram 101 Textbook Outlines". It's a shame that Amazon used the reviews for textbook itself without verifying the contents of the totally different "Cram 101 Textbook Outlines".
So disregard the previous 7 reviews and let's talk about this "Cram 101 Textbook Outlines".
This is supposed to be a companion book for a textbook published by McGraw-Hills Irvin, "International Financial Management" 3rd edition by Eun and Resnick.
However, this "Cram 101 Textbook Outlines" is useless!!! This is nothing but a bunch of glossary. And a half of the book is blank for writing notes. What a rip-off!!!
There's no outlines at all. No chapter summaries, no explanation of concepts. Totally useless.
I have used "Collins College Outlines" series (I rate them 3 stars) and "Barron's Business Reviews" series (I rate them 5 stars).
Never buy any of "Cram 101 Textbook Outlines" series.
Extra notes: textbook "International Financial Management" is now 4th edition. Another reason why this "Cram 101 Textbook Outlines" is useless.
Technical notes: "Cram 101 Textbook Outlines" is POD (Print on demand). No wonder quality of printing is inferior (Looks like a Xerox copy). And priced too high for this quality. For those who are not familiar with publishing industry--POD is used for ultra small quantity less than 100 copies. This is a telltale sign that book is not expected to sell minimum quantity (usually 3,000 copies) that commercial publisher is willing to commit to publish. Simply put, POD means inferior and overpriced books. A work of amateur.
The most disgusting textbook I ever read!.......2006-12-12
This is the most disgusting book I have ever read.
This not actually a textbook, but a bunch of statistical data. Authors even do not try to teach you, what they try is to make you familiar with techniques and tools used in the world. Yes, they do provide you with some simple examples, but do not teach you how to apply. They try to be concise, instead of being concise, they just ommit a lot of information and provide book references for you to search on your own.
If you want to get familiar with the most modern financial tools, you can buy it, but if your goal is to learn, get a profound understanding of concepts, train yourself, then look for another option.
The authors, from my point of view, just scholars, who do know a lot, but unfortunately, cannot teach and explain.
The book lacks exercises. There are some, but do not pretend to master swaps or hedging doing them. Book is just a statistical summary on current situation in financial markets, some theories, which of little value for a real job and that is all.
Do not pay for it, unless you are Warren Buffet. :))
Finance in Practice.......2006-11-10
The approach this book has on the International Finance topic is good. Some chapters have more theory than others which might be confusing for someone without a business background. However, the examples provided are excellent.
Boring.......2006-02-23
Wow...This book was boring and confusing. I got it for my international finance class and it is just really hard to follow. It was a waste of money.
Step-by-step guide from the master.......2002-03-10
This book set me up very nicely for a career in forex markets. Possibly the gentlest introduction to international finance, the book does not waste any time with implementation of the ideas, instead provides you with the requisite knowledge, and illustrative examples. I had the fortune of being taught the subject by the author (Dr. Eun), and so the book was fully utilized. However, other teachers would also find the book an ideal companion to course notes. In fact, the book is so well written, it seems like a tutorial. You cannot go wrong if you are using it for international finance courses. The book will also help you with preparation for the CFA charter examinations.
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:
Sound systems.......2007-10-22
While I would agree with others comments about the somewhat ideosyncratic writing style this is a very worthwhile book for those thinking about an effective forex trading system. The book is worth reading right through a couple of times as it does contain a lot of sound advice on Forex trading as a whole. Please not thought that it is not (and does not claim to be) a complete beginners guide.
The most important factors in trading are psychological however the price-action centred, low risk strategies in this book are, I believe very suitable for the Forex market. If you are a complete trader (see books by Alexander Elder, Van Tharpe and Mark Douglas) then I believe that the Igrok method is a sound foundation for your trading system, certainly far more than having a multitude of moving averages and oscilators flying to and fro on a 15 minute chart!
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.
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:
Excelent book.......2007-10-17
Adventures of a currency trader is very enjoyable to read and educational as well. I read it in a couple of days, could not stop reading. Among all the literature available for trading, and trading the Forex market in particular, this book is a genuine pearl. Probably every currency trader recognices himself in same way, I did!
Congratulations Rob !
Misadventures of a Currency Trader might be more appropriate........2007-10-17
I've been trading the forex for about 15 months and I think this book has addressed every mistake I've made (and there have been plenty!) It's comforting in a way, to know that most of the traders out there have made the same mistakes. If you've read other books on trading, this book will be a refreshing change because it's told in a story format yet you'll still learn from it. Very enjoyable read...I highly recommend it.
Good for a beginner like me!.......2007-10-17
This is the first book I've read in this area. Easy to understand the concepts, ideas of the writer. Actually, it's very helpful to me, as a beginner. I am still trading demo and have not go live yet.
Funny, Smart and Engaging.......2007-10-11
This was not my intentional purchase...it was one of those "purchase with purchase" pitches, I bit. So glad that I did. What a great insight into the minds of wannabe traders, novice traders and those of us that have managed to hang on by our fingernails for a period of time...all sharing a common thread. Rob Booker has nailed the mindset and the motivation that every forex trader experiences. This is a quick read that all traders, no matter how experienced, will relate to on some level.
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.
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:
Great place to start your education about trading the Forex.......2007-10-22
This book combined with their website: www.PFXgloabal.com will help anyone serious about learning what the Forex market is all about. I wish I would have started here 2 years ago. John Jagerson and Wade Hansen will teach you how to look at trading the FX market from a long term perspective combined with commonsense fundamentals and a view basic technical indicators.
You can only read it once.......2007-10-09
If you have no experience in FX trading, you will find the book useful and quite easy to understand, although there are some misleading information as someone has already mentioned.
However, if you read it again you will find lots of arguments in the book are not very convincing. For example, in chapter 6 when the author was talking about the Tic data, He list some general theory and USD/JPY charts as well as the notorious 'demand and supply' page place holder, but didn't give any real tic data during that period to prove his point. I don't want to say his conclusion is incorrect, but here I really need some insight. For example, how the tic data and rate are correlated ? Please give me some data , so that I can quantify the correlation (at least to some degree). I would say before using the using the 'tools' list in the book, you'd better do some research and find some historical data to do some back test.
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.
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 Informative Enjoyable Reading.......2007-10-15
I found this very informative and packed with
interesting information and examples to inspire
the reader.
Some of the best points are:
* A mine of detailed information
* Lots of examples from an experienced Forex Trader
* Inspiring, but also warns of pitfalls to avoid.
It is a book well worth adding to your Forex library.
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!
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:
Fun to read, and learn to trade teh Forex.......2007-10-20
I own both books of Raghee. The book describes the way she scans the market and how she makes her entries and exits. Reading the book is fun as her passion for the markets is so clearly written, also her web seminars are in the same style. If you want to lear to trade FOREX, certanly have a look at this book. It is to the point no nonsense easy to understand written. And she trades her own money and wrote a book. Something that is seldom seen as most writers are writers but not traders. And traders are trading and not writing :-)
Wessel
Big Title, but nothing in the book..........2007-10-18
I bought three forex books to read, I left this one for last because I think it will be the best because of the title. Other words, the meat and the gravy. After reading the first two books, I could have written this one myslef, the CD don't even work. Big title, but no nitigity detail. I think they should change the title to "Forex For Dummies". If you need a good Forex book, buy Forex Revolution.
Horace,
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.
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Essentials of Investments with Standard & Poor's Bind-in Card
Cases in International Finance
Intermediate Financial Management, 8th Edition
Intermediate Financial Management (with Thomson One)
Financial Markets and Institutions (5th Edition) (Addison-Wesley Series in Finance)
