Foreign Currency Trading: From the Fundamentals to the Fine Points
Average customer rating: 1.5 out of 5 stars
  • This book really is not about teaching someone to trade
  • The Cover PAge looks pretty!!!
  • To the authors: you must be kidding
  • Rarely have encountered a book this useless.
  • save your money ...
Foreign Currency Trading: From the Fundamentals to the Fine Points
Russell Wasendorf
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Hardcover

GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
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Foreign ExchangeForeign Exchange | Finance | Business & Investing | Subjects | Books
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ASIN: 0786311673

Book Description

The opportunities for unmatched returns and investment protection in the brave new world of foreign currency investing are second to none. In Foreign Currency Trading, financial executives Russell Wasendorf, Sr., and Russell Wasendorf, Jr., describe foreign currency trading in plain terms, and help you understand the risks, benefits, and operational requirements that you will need to take advantage of this market’s tremendous potential. Look to Foreign Currency Trading for clear explanations on the mechanics of foreign currency trading, in-depth discussion of all pertinent foreign exchange rules and regulations, and a comprehensive glossary with literally hundreds of terms essential to forex trading. With formerly imposing currency trading restrictions having been struck down in recent court rulings, the world of foreign currency trading is an exciting and rapidly-expanding field. Let Wasendorf and Wasendorf’s Foreign Currency Trading be your comprehensive guidebook for effectively taking advantage of this exciting opportunity, not only as a source of unmatched income and profits, but also as a sophisticated hedging instrument in any investment portfolio.

Customer Reviews:

1 out of 5 stars This book really is not about teaching someone to trade.......2007-09-18

I was looking for a basic book teaching the concepts and trading practices and fundamentals. This book has a lot to say about none of the topics needed to help someone become a trader. If you are looking to have someone trade your account you might be helped by it. There are a lot better books out there "Getting Started in Currency Trading" is a fine example. This is the best buy for the money when you are done reading it you will be much better informed to move ahead. Getting Started in Currency Trading: Winning in Todays Hottest Marketplace (Getting Started In.....)

2 out of 5 stars The Cover PAge looks pretty!!!.......2007-06-07

Well when i grow up i to be Russell R Wasendorf, whether sr. or jr. I think these two are the greatest salesmen around. I bought a wonderful book which adorns my bookcase and adds colour and life to my room. Whats more is that i found the same book in my brother's home. Thinking he 'borrowed' it I asked him, He replied saying he 'invested' in it and it works well as a sleep aide . Seriously some points for beginners are reasonably covered but most of the book was a waste of time, paper and resources. There were no Fine points covered in the book to memory but if there were it was lost in the dribble.

1 out of 5 stars To the authors: you must be kidding.......2006-02-09

I'll summarize this book for you -- "Foreign Currency Trading is difficult, if you want to learn more, send us some more money and we will enroll you in a class."

Save your money, buy yourself a newspaper instead.

1 out of 5 stars Rarely have encountered a book this useless........2003-06-05

As others have said clearly, this book is a waste of trees, ink and the time of its reader. The "authors" should be ashamed of such blatant hucksterism and poor description of even the most basic aspects of trading. Even if you are a neophyte, look somewhere else.

1 out of 5 stars save your money ..........2003-03-16

... I have no idea what objective these guys had in mind when they sat down to write this book.... This book is just a bunch of information thrown together (probably downloaded from the internet) and they obviously took no time to put any real effort into this book. I was terribly dissappointed with my purchase of this book.....look elsewhere if you are interested in getting started in forex trading.
An Analysis and History of Inflation
Average customer rating: 5 out of 5 stars
  • How your money is going to be inflated
  • I have read this book again and again for ten years.
An Analysis and History of Inflation
Don Paarlberg
Manufacturer: Praeger Publishers
ProductGroup: Book
Binding: Hardcover

GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
InflationInflation | Economics | Business & Investing | Subjects | Books
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  1. Culture and Inflation in Weimar Germany (Weimar and Now: German Cultural Criticism) Culture and Inflation in Weimar Germany (Weimar and Now: German Cultural Criticism)

ASIN: 0275944166

Book Description

This history and analysis examines fifteen great inflations--from Ancient Rome to the French Revolution to post-World War I Germany to modern-day Brazil--to provide an understanding of the causes of inflation. A unique feature of the book is the evidence presented that a moderate degree of inflation is usually accompanied by increased economic activity. Contrary to the views of many, moderate inflation appears to be welcomed by most people and assists in returning incumbent political leaders to power. In addition, the money illusion, the belief that money has constant value over time, is shown by the author to be grievously in error. Presenting views which are at odds with much of mainstream economics, Paarlberg concludes that inflation is caused by an excess of money, and since the creation of money is a government monopoly,governments are responsible for inflation. Additionally, various macroeconomic theories are unable to account for gyrations of production and prices. The best explanation for these matters, therefore, is to be found in institutional economics, which takes into regard whatever forces exist rather than focusing on a select few while purporting to hold others constant. This thoughtful work will be of interest to scholars, students, and laypersons in economics and economic history.

Customer Reviews:

5 out of 5 stars How your money is going to be inflated.......2007-08-06

This is a great book! I been looking for a book that would give me insight on how inflation is started and how it ends, as well as arguments for and against the gold standard, etc. I've read bits and pieces of this book's wisdow in a number of other books and articles, but this pulls it all together. From this book I got true insights on why inflation is basically unavoidable in any country: given time something is going to happen (usually war) or someone is going to come along to convince a population's leaders to debase the money supply - no matter what money standard you are on. Rome had a type of gold standard, the US had a gold standard, etc. People make the standard, people can change the standard.

I know this sounds overly simple, but inflation is too much money pursuing too few goods/services. And the early effects of inflation are the forbidden fruit that few politicians can bear. (Note: Makes you wonder why the Fed did away with the M3 measure for the money supply.) If you want to understand inflation, I can think of no better way than to review 15 examples. Thanks Paarlberg!

5 out of 5 stars I have read this book again and again for ten years........2004-01-22

Allow me to pay respect and compliment to Mr. Don Paarlberg here. Mr. Don Paarlberg has an insightful understanding of human nature and their behavior that his examination and explanations of inflation history grab my intention very time I read this book. They make a lot of senses and transform my knowledge of economics into a penetrating understanding of human behavior and reactions to certain events. Mr. Don Paarlberg elevates my perspective toward macro-economics to a higher level, that of a human behavioral one, and certainly broadens my eyesight with regard to how human nature and human behavior did not change over the past two thousand years or so in terms of what people would do in reaction to price drivers. Lastly, I appreciate Mr. Don Paarlberg's exquisite, precise, and concise way of writing, something much less seen nowadays. Thank you, Mr. Don Paarlberg.
Human Psychology and Economic Fluctuations: A New Basic Theory of Human Economics
Average customer rating: Not rated
    Human Psychology and Economic Fluctuations: A New Basic Theory of Human Economics
    Hideaki Tamura
    Manufacturer: Palgrave Macmillan
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
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    ASIN: 0230004822

    Book Description

    The human factor has received scant attention in modern Economics, however this volume redresses the balance by incorporating human psychology into economic analysis. This book constructs a new basic structure model of economic circulation based on a new flow-like concept of utility (diminishing utility) and analyzes the direct relationship between human psychology and economic fluctuation, while expanding it into a consistent explanation of the generation and the collapse of financial bubbles.
    Major Inflations in History (International Library of Macroeconomic and Financial History)
    Average customer rating: Not rated
      Major Inflations in History (International Library of Macroeconomic and Financial History)

      Manufacturer: Edward Elgar Publishing
      ProductGroup: Book
      Binding: Hardcover

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      ASIN: 1852784024
      Maximum Adverse Excursion: Analyzing Price Fluctuations for Trading Management (Wiley Trader's Exchange)
      Average customer rating: 3 out of 5 stars
      • Well worth the money !
      • Interesting money management ideas.
      • A good start but...
      • A good start but...
      • OK but not a pre-requisite
      Maximum Adverse Excursion: Analyzing Price Fluctuations for Trading Management (Wiley Trader's Exchange)
      John Sweeney
      Manufacturer: Wiley
      ProductGroup: Book
      Binding: Hardcover

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      ASIN: 0471141526

      Book Description

      The first comprehensive guide on maximum adverse excursion — a powerful new tool for dramatically lessening trading risks

      "Trading successfully, like everything else, is built upon solid preparation. It is the well-prepared individual who will be able to cope in today's competitive market. John Sweeney's Maximum Adverse Excursion will provide you with the steps to perform the analytical review of your trading system that you should undertake before you ever risk your capital." — Thomas Hartle, Editor Technical Analysis of Stocks & Commodities magazine

      "Maximum Adverse Excursion deals with a much overlooked subject: how to minimize losses. If every trader took John Sweeney's advice and learned how to minimize losses before trying to make profits, they would be financially ahead." — Martin J. Pring, President The International Institute for Economic Research

      "John Sweeney has done it again. As with Campaign Trading, he takes a complex set of ideas and explains them in a simple, easy-to-understand manner, in a form that traders can use to help them make informed and profitable buy-sell decisions." — Clifford Sherry, PhD, author The Mathematics of Technical Analysis

      Most successful traders have a "sixth sense" that alerts them to loss points and amounts. But what happens when intuition fails?

      When the potential loss incurred on a trade is significant, you need more than guesswork. But is it possible to estimate the loss point accurately—quantitatively? With maximum adverse excursion (MAE), the answer is a resounding "YES". This innovative method of risk management enables traders to steer clear of potentially devastating results by pinpointing loss points before implementing trading decisions. Now, in the first book to provide an in-depth examination of this vital trading tool, John Sweeney, MAE developer and Technical Editor of the highly regarded Technical Analysis of Stocks & Commodities magazine, takes you step by step through its various intricacies.

      In this comprehensive and accessible reference, Sweeney shows how the key to successful MAE implementation lies in determining whether there is any consistency in market behavior. By measuring and charting price excursion from a set point of entry, you can establish—quickly and easily—whether prices show consistent behavior over a finite time frame. If, in fact, some regularity, some pattern in price changes is revealed, you can then exploit it while in the trade. The bottom line is a more reliable system for discerning whether your trade is going in your direction or not, and—in either case—what likely events are next. By replacing guesswork with statistical descriptions, you can objectively determine when to cut off a loser, or put in a protective stop . . . or take profits.

      Maximum Adverse Excursion can give you "the elusive edge that traders seek . . . a line all your own, from which profits can flow with minimized, quantifiable risk." This comprehensive, accessible reference gives you the tools you need to employ MAE successfully, including detailed information on:

      Complete with sample calculations, practical examples, and EXCEL programs for creating your own charts, this is the definitive guide to using MAE effectively—and profitably.

      Customer Reviews:

      5 out of 5 stars Well worth the money !.......2006-08-14

      The ideas and concepts expressed in this book are a true, real eye-opener. The basic idea is that losing trades usually go against you right from the start, while the winning trades don't.
      This extremely powerful idea alone allowed me to cut my losses by up to 60% ! Thanks Mr. Sweeney !

      4 out of 5 stars Interesting money management ideas........2001-12-05

      As a professional futures trader, I bought this book in the search for new ideas to refine my money management rules. I have been utilizing the same trading system for years, but this book has enabled me to capture more of my systems open profit, while also limiting the size of potential losing trades.

      If you do not currently have a trading system, this book will not give you one. The purpose of this book is to help the trader eliminate some of the rough edges of an existing system's money management procedures.

      If you are trading a system, or wish to learn more about money management rules, pick up a copy of this book, as many new ideas are discussed. Also, be sure you are using Microsoft Excel, as spreadsheets are used frequently throughout the book, and duplicating the examples is useful.

      3 out of 5 stars A good start but..........2001-01-13

      Warning: Read book very slowly

      The idea is a sound one but requires that the reader provides a working system AND is able to backtest it. Otherwise, the reader is left with a concept that on paper makes sense but it is very hard to implement into his/her trading system.

      3 out of 5 stars A good start but..........2001-01-13

      Warning: Read book very slowly

      The concept requires total concentration-while reading in order to throughly understand MAE. The idea is a sound one but requires that the reader provides a working system AND is able to backtest it. Otherwise, the reader is left with a concept that on paper makes sense but it is very hard to implement into his/her trading system.

      1 out of 5 stars OK but not a pre-requisite.......1998-06-30

      The adverse excursion evaluation and exploitation does play an important role in systematic trading, however, the book later on skin-deep touches trading management and betting strategies, which in turn do not have much to do with the title of the book.
      The Causes of the 1929 Stock Market Crash: A Speculative Orgy or a New Era? (Contributions in Economics and Economic History)
      Average customer rating: Not rated
        The Causes of the 1929 Stock Market Crash: A Speculative Orgy or a New Era? (Contributions in Economics and Economic History)
        Harold Bierman
        Manufacturer: Greenwood Press
        ProductGroup: Book
        Binding: Hardcover

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        ASIN: 031330629X

        Book Description

        Attempting to reveal the real causes of the 1929 stock market crash, Bierman refutes the popular belief that wild speculation had excessively driven up stock market prices and resulted in the crash. Although he acknowledges some prices of stocks such as utilities and banks were overprices, reasonable explanations exist for the level and increase of all other securities stock prices. Indeed, if stocks were overpriced in 1929, then they more even more overpriced in the current era of staggering growth in stock prices and investment in securities. The causes of the 1929 crash, Bierman argues, lie in an unfavorable decision by the Massachusetts Department of Public Utilities coupled with the popular practice known as debt leverage in the 1920s corporate and investment arena. This book extends Bierman's argument in an earlier book, The Great Myths of 1929 and the Lessons to Be Learned (Greenwood, 1991), in which he discussed and refuted seven myths about 1929 but could not explain the crash. He now believes he has a reasonable explanation. He also examines the actions of Charles E. Mitchell and Sam Insull and their subsequent unjust criminal prosecution after the crash of the 1929 stock market.
        All About Futures: The Easy Way to Get Started (All About Series)
        Average customer rating: Not rated
          All About Futures: The Easy Way to Get Started (All About Series)
          Russell R Wasendorf
          Manufacturer: McGraw-Hill
          ProductGroup: Book
          Binding: Paperback

          GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
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          ASIN: 0071341706

          Book Description

          Since 1992’s first edition of this bestselling book, the futures market has changed incredibly—Internet access and electronic trading dominate the market, options have grown in importance, and a greater number of futures markets exist worldwide. All About Futures, Second Edition, covers all the updated basics of futures trading for the beginner, and illustrates trading strategies from the simple to the complex for experienced traders who need to brush up on their skills.

          An integral element in McGraw-Hill’s All About series, this completely revised and updated book discusses:
          *Detailed Internet strategies for effective electronic trading
          *Basic approaches to technical analysis and anticipating price direction
          *Insights on working with a broker and developing a trading strategy

          Download Description

          All About Futures, Second Edition, covers all the updated basics of futures trading for the beginner, and illustrates trading strategies from the simple to the complex for experienced traders who need to brush up on their skills.
          The Role of Policymakers in Business Cycle Fluctuations
          Average customer rating: Not rated
            The Role of Policymakers in Business Cycle Fluctuations
            Jim Granato , and M. C. Sunny Wong
            Manufacturer: Cambridge University Press
            ProductGroup: Book
            Binding: Hardcover

            Economic Policy & DevelopmentEconomic Policy & Development | Economics | Business & Investing | Subjects | Books
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            ASIN: 0521860164

            Book Description

            The book’s central theme is that a policymaker’s role is to enhance the public’s ability to co-ordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or explicit inflation target is met. Granato and Wong argue that inflation persistence is reduced when the public substitutes the prespecified inflation target for past inflation. A by-product of this co-ordination process is greater economic stability. In particular, inflation stability contributes to greater economic output stability, including the potential for the simultaneous reduction of both inflation and output variability - inflation-output co-stabilization (IOCS). Granato and Wong use historical, formal, and applied statistical analysis of business-cycle performance in the United States for the 1960 to 2000 period. They find that during periods when policymakers emphasise inflation stability, inflation uncertainty and persistence were reduced.
            The Conquest of American Inflation.
            Average customer rating: 5 out of 5 stars
            • Inflation
            The Conquest of American Inflation.
            Thomas J. Sargent
            Manufacturer: Princeton University Press
            ProductGroup: Book
            Binding: Hardcover

            EconometricsEconometrics | Economics | Business & Investing | Subjects | Books
            InflationInflation | Economics | Business & Investing | Subjects | Books
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            5. Learning and Expectations in Macroeconomics (Frontiers of Economic Research) Learning and Expectations in Macroeconomics (Frontiers of Economic Research)

            ASIN: 0691004145

            Book Description

            In the past fifteen years, inflation has been conquered by many advanced countries. History reveals, however, that it has been conquered before and returned. In The Conquest of American Inflation, Thomas J. Sargent presents a groundbreaking analysis of the rise and fall of U.S. inflation after 1960. He examines two broad explanations for the behavior of inflation and unemployment in this period: the natural-rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning. His purpose is not only to determine which is the better account, but also to codify for the benefit of the next generation the economic forces that cause inflation.

            Sargent begins with an explanation of how American policymakers increased inflation in the early 1960s by following erroneous assumptions about the exploitability of the Phillips curve--the inverse relationship between inflation and unemployment. In subsequent chapters, he connects a sequence of ideas--self-confirming equilibria, least-squares and other adaptive or recursive learning algorithms, convergence of least-squares learners with self-confirming equilibria, and recurrent dynamics along escape routes from self-confirming equilibria. Sargent synthesizes results from macroeconomics, game theory, control theory, and other fields to extend both adaptive expectations and rational expectations theory, and he compellingly describes postwar inflation in terms of drifting coefficients. He interprets his results in favor of adaptive expectations as the relevant mechanism affecting inflation policy.

            Providing an original methodological link between theoretical and policy economics, this book will engender much debate and become an indispensable text for academics, graduate students, and professional economists.

            Customer Reviews:

            5 out of 5 stars Inflation.......2000-05-20

            The inflation situation is described and cured in this magnificent book. It shows mortals like myself, what causes inflation and how the whole economic society is linked together.
            Business Fluctuations: Forecasting and Applications
            Average customer rating: Not rated
              Business Fluctuations: Forecasting and Applications
              Dale Bails
              Manufacturer: Prentice Hall College Div
              ProductGroup: Book
              Binding: Hardcover

              MicroeconomicsMicroeconomics | Economics | Business & Investing | Subjects | Books
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              Production & OperationsProduction & Operations | Management & Leadership | Business & Investing | Subjects | Books
              ASIN: 0130984000

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              7. History: Fiction or Science? (Chronology, No. 1)
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