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 Customer Reviews
Very general book, 09 Aug 2008
This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.
Basic but usefull, 21 Jul 2008
About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.
I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.
It has the following strategies:
Breakout fading - Using resistance and support levels
Breakout trading - Using bollinger and triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.
There is a very breif explanation of MACD, RSI and Stochastics.
This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book., 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good...., 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...
I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.
I would say that you must read it before getting into LIVE trading.
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Customer Reviews
Very general book, 09 Aug 2008
This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.
Basic but usefull, 21 Jul 2008
About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.
I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.
It has the following strategies:
Breakout fading - Using resistance and support levels
Breakout trading - Using bollinger and triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.
There is a very breif explanation of MACD, RSI and Stochastics.
This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book., 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good...., 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...
I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.
I would say that you must read it before getting into LIVE trading.
Straight to the point education on being a professional trader, 04 Nov 2008
If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.
This book will teach you in a clear and concise way how to become a professional trader. How?
This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.
There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.
There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.
But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.
The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the "real deal" is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.
Callahan
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Customer Reviews
Very general book, 09 Aug 2008
This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.
Basic but usefull, 21 Jul 2008
About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.
I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.
It has the following strategies:
Breakout fading - Using resistance and support levels
Breakout trading - Using bollinger and triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.
There is a very breif explanation of MACD, RSI and Stochastics.
This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book., 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good...., 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...
I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.
I would say that you must read it before getting into LIVE trading.
Straight to the point education on being a professional trader, 04 Nov 2008
If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.
This book will teach you in a clear and concise way how to become a professional trader. How?
This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.
There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.
There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.
But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.
The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the "real deal" is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.
Callahan
Good book for start, 09 Aug 2008
After reading this book I learned all the basic and more advanced things I need to know about FOREX. This book by itself is not enough (as any single book), you have to get all the other info you can get from internet. But can recommend as a good start for Forex traders!
Brilliant book for forex., 14 Jul 2008
A first class book for forex, explain the importance of limits and stop losses how to calculate them and strategies with forex. One of my 4 pearls in my bookshelf for forex (see my other reviews), with this book as a base and the other 3 I managed to start succesfully as a forex trader. I reccomend this book to anybody before willing to risk in forex.
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Customer Reviews
Very general book, 09 Aug 2008
This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.
Basic but usefull, 21 Jul 2008
About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.
I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.
It has the following strategies:
Breakout fading - Using resistance and support levels
Breakout trading - Using bollinger and triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.
There is a very breif explanation of MACD, RSI and Stochastics.
This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book., 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good...., 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...
I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.
I would say that you must read it before getting into LIVE trading.
Straight to the point education on being a professional trader, 04 Nov 2008
If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.
This book will teach you in a clear and concise way how to become a professional trader. How?
This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.
There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.
There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.
But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.
The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the "real deal" is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.
Callahan
Good book for start, 09 Aug 2008
After reading this book I learned all the basic and more advanced things I need to know about FOREX. This book by itself is not enough (as any single book), you have to get all the other info you can get from internet. But can recommend as a good start for Forex traders!
Brilliant book for forex., 14 Jul 2008
A first class book for forex, explain the importance of limits and stop losses how to calculate them and strategies with forex. One of my 4 pearls in my bookshelf for forex (see my other reviews), with this book as a base and the other 3 I managed to start succesfully as a forex trader. I reccomend this book to anybody before willing to risk in forex.
Wish I could give this book more stars!, 21 Jul 2008
I wish I discovered this book £500's ago!! I lost £500 (only a tiny fraction of my starting capital in currency trading) in my new journey into currency trading. If I had discovered this book previously I think I would have been a lot more patient, diligent and may be less likely to have lost the £500. This book teaches the basic important messages of trading anything: patience, goal setting, focus, system testing, creating and sticking to it. I knew the basics of trading anyway but currency trading moves very fast and can lose you money much quicker than you can make it. This book made me realise trading is much more about psychology and eliminating emotion from trading. You will lose more times than you will win but your wins will be greater than any loses if you base your system and thinking around the contents of this book. A valuable book for any beginner or intermediate trader. This book is the "Rich Dad Poor Dad" of trading books.
Interesting and educational read about currency trading, 27 Nov 2007
This is a really useful book for those interested in or new to currency trading and who learn well from 'stories'. It won't replace the need for reading books about technical aspects of analysis and trading, but it's a good starter for addressing the psychological issues related to trading.
Brilliant Book - great introduction into the do's of forex, 19 Jun 2007
This is a fable about someone wanting to learn about forex trading. And as with any good fable, this book contains valuable lessons on the rights and wrongs of trading in general and in forex trading in particular. Those of you who dont know rob booker can expect to red a witty book full of good trading sense. In short, a fantastic intro to trading and how to do it right - both for novices and professionals alike!
Inspirational, 24 Apr 2007
It is not a book about trading systems.
But it is a very nice book that you can read over the weekend. It is the story of every trader (forex or not) that thinks he discovered the holly grail just to find out how easy it is to ruin his account.
Rob Booker is very experienced forex trader and mentor.
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Customer Reviews
Very general book, 09 Aug 2008
This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.
Basic but usefull, 21 Jul 2008
About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.
I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.
It has the following strategies:
Breakout fading - Using resistance and support levels
Breakout trading - Using bollinger and triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.
There is a very breif explanation of MACD, RSI and Stochastics.
This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book., 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good...., 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...
I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.
I would say that you must read it before getting into LIVE trading.
Straight to the point education on being a professional trader, 04 Nov 2008
If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.
This book will teach you in a clear and concise way how to become a professional trader. How?
This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.
There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.
There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.
But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.
The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the "real deal" is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.
Callahan
Good book for start, 09 Aug 2008
After reading this book I learned all the basic and more advanced things I need to know about FOREX. This book by itself is not enough (as any single book), you have to get all the other info you can get from internet. But can recommend as a good start for Forex traders!
Brilliant book for forex., 14 Jul 2008
A first class book for forex, explain the importance of limits and stop losses how to calculate them and strategies with forex. One of my 4 pearls in my bookshelf for forex (see my other reviews), with this book as a base and the other 3 I managed to start succesfully as a forex trader. I reccomend this book to anybody before willing to risk in forex.
Wish I could give this book more stars!, 21 Jul 2008
I wish I discovered this book £500's ago!! I lost £500 (only a tiny fraction of my starting capital in currency trading) in my new journey into currency trading. If I had discovered this book previously I think I would have been a lot more patient, diligent and may be less likely to have lost the £500. This book teaches the basic important messages of trading anything: patience, goal setting, focus, system testing, creating and sticking to it. I knew the basics of trading anyway but currency trading moves very fast and can lose you money much quicker than you can make it. This book made me realise trading is much more about psychology and eliminating emotion from trading. You will lose more times than you will win but your wins will be greater than any loses if you base your system and thinking around the contents of this book. A valuable book for any beginner or intermediate trader. This book is the "Rich Dad Poor Dad" of trading books.
Interesting and educational read about currency trading, 27 Nov 2007
This is a really useful book for those interested in or new to currency trading and who learn well from 'stories'. It won't replace the need for reading books about technical aspects of analysis and trading, but it's a good starter for addressing the psychological issues related to trading.
Brilliant Book - great introduction into the do's of forex, 19 Jun 2007
This is a fable about someone wanting to learn about forex trading. And as with any good fable, this book contains valuable lessons on the rights and wrongs of trading in general and in forex trading in particular. Those of you who dont know rob booker can expect to red a witty book full of good trading sense. In short, a fantastic intro to trading and how to do it right - both for novices and professionals alike!
Inspirational, 24 Apr 2007
It is not a book about trading systems.
But it is a very nice book that you can read over the weekend. It is the story of every trader (forex or not) that thinks he discovered the holly grail just to find out how easy it is to ruin his account.
Rob Booker is very experienced forex trader and mentor.
Very Basic, 14 Mar 2006
Its OK if you know nothing at all about forex, if you have a basic understanding already go for something more meaty.
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Customer Reviews
Very general book, 09 Aug 2008
This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.
Basic but usefull, 21 Jul 2008
About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.
I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.
It has the following strategies:
Breakout fading - Using resistance and support levels
Breakout trading - Using bollinger and triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.
There is a very breif explanation of MACD, RSI and Stochastics.
This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book., 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good...., 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...
I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.
I would say that you must read it before getting into LIVE trading.
Straight to the point education on being a professional trader, 04 Nov 2008
If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.
This book will teach you in a clear and concise way how to become a professional trader. How?
This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.
There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.
There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.
But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.
The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the "real deal" is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.
Callahan
Good book for start, 09 Aug 2008
After reading this book I learned all the basic and more advanced things I need to know about FOREX. This book by itself is not enough (as any single book), you have to get all the other info you can get from internet. But can recommend as a good start for Forex traders!
Brilliant book for forex., 14 Jul 2008
A first class book for forex, explain the importance of limits and stop losses how to calculate them and strategies with forex. One of my 4 pearls in my bookshelf for forex (see my other reviews), with this book as a base and the other 3 I managed to start succesfully as a forex trader. I reccomend this book to anybody before willing to risk in forex.
Wish I could give this book more stars!, 21 Jul 2008
I wish I discovered this book £500's ago!! I lost £500 (only a tiny fraction of my starting capital in currency trading) in my new journey into currency trading. If I had discovered this book previously I think I would have been a lot more patient, diligent and may be less likely to have lost the £500. This book teaches the basic important messages of trading anything: patience, goal setting, focus, system testing, creating and sticking to it. I knew the basics of trading anyway but currency trading moves very fast and can lose you money much quicker than you can make it. This book made me realise trading is much more about psychology and eliminating emotion from trading. You will lose more times than you will win but your wins will be greater than any loses if you base your system and thinking around the contents of this book. A valuable book for any beginner or intermediate trader. This book is the "Rich Dad Poor Dad" of trading books.
Interesting and educational read about currency trading, 27 Nov 2007
This is a really useful book for those interested in or new to currency trading and who learn well from 'stories'. It won't replace the need for reading books about technical aspects of analysis and trading, but it's a good starter for addressing the psychological issues related to trading.
Brilliant Book - great introduction into the do's of forex, 19 Jun 2007
This is a fable about someone wanting to learn about forex trading. And as with any good fable, this book contains valuable lessons on the rights and wrongs of trading in general and in forex trading in particular. Those of you who dont know rob booker can expect to red a witty book full of good trading sense. In short, a fantastic intro to trading and how to do it right - both for novices and professionals alike!
Inspirational, 24 Apr 2007
It is not a book about trading systems.
But it is a very nice book that you can read over the weekend. It is the story of every trader (forex or not) that thinks he discovered the holly grail just to find out how easy it is to ruin his account.
Rob Booker is very experienced forex trader and mentor.
Very Basic, 14 Mar 2006
Its OK if you know nothing at all about forex, if you have a basic understanding already go for something more meaty.
Good grounding in forex, 04 Jan 2005
A good and (nearly) up to date description of the foreign exchange market (Now grown to $1.9 trillion daily turnover from the $1.6 stated in the book). Good coverage of all the aspects, although still aimed at the institutional market. The market has been transformed recently, with electronic trading accounting for a large proportion of trading, so some of the descriptions of dealing are going out of date. Having said that, it is difficult to have a text book that keeps up with the developments, especially in Internet-based trading. Shani points to all this on the last page. As a forex trader mentor, I recommend this book as basic reading for my clients.
Excellent description of FX markets and products, 04 Aug 2004
This book is highly recommanded to understand the basics of the FX markets and the several instruments traded on it. Although not the size of Julian Walmsley's bible (full of details), this book is very efficient and very well written. It will be useful for any person wanting to know about FX techniques, being a student or a professional.
Excellent introduction to foreign exchange, 20 May 2003
Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you'd expect to find in a book that is considerably thicker and more expensive - there's a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
Excellent introduction to FX, 16 May 2003
Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you'd expect to find in a book that is considerably thicker and more expensive - there's a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
Very Thorough and Informative, 01 May 2003
This book clearly and thoroughly explains an often complicated subject, in a friendly and clear tone. It covers a multitude of subjects, from the origins of currency trading, to the future of Forex trading after the advent of electronic trading. Highly recommended to anyone (especially good for those new to the subject)wishing to explore the subject of Foreign Exchange!
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Customer Reviews
Very general book, 09 Aug 2008
This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.
Basic but usefull, 21 Jul 2008
About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.
I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.
It has the following strategies:
Breakout fading - Using resistance and support levels
Breakout trading - Using bollinger and triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.
There is a very breif explanation of MACD, RSI and Stochastics.
This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book., 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good...., 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...
I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.
I would say that you must read it before getting into LIVE trading.
Straight to the point education on being a professional trader, 04 Nov 2008
If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.
This book will teach you in a clear and concise way how to become a professional trader. How?
This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.
There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.
There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.
But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.
The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the "real deal" is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.
Callahan
Good book for start, 09 Aug 2008
After reading this book I learned all the basic and more advanced things I need to know about FOREX. This book by itself is not enough (as any single book), you have to get all the other info you can get from internet. But can recommend as a good start for Forex traders!
Brilliant book for forex., 14 Jul 2008
A first class book for forex, explain the importance of limits and stop losses how to calculate them and strategies with forex. One of my 4 pearls in my bookshelf for forex (see my other reviews), with this book as a base and the other 3 I managed to start succesfully as a forex trader. I reccomend this book to anybody before willing to risk in forex.
Wish I could give this book more stars!, 21 Jul 2008
I wish I discovered this book £500's ago!! I lost £500 (only a tiny fraction of my starting capital in currency trading) in my new journey into currency trading. If I had discovered this book previously I think I would have been a lot more patient, diligent and may be less likely to have lost the £500. This book teaches the basic important messages of trading anything: patience, goal setting, focus, system testing, creating and sticking to it. I knew the basics of trading anyway but currency trading moves very fast and can lose you money much quicker than you can make it. This book made me realise trading is much more about psychology and eliminating emotion from trading. You will lose more times than you will win but your wins will be greater than any loses if you base your system and thinking around the contents of this book. A valuable book for any beginner or intermediate trader. This book is the "Rich Dad Poor Dad" of trading books.
Interesting and educational read about currency trading, 27 Nov 2007
This is a really useful book for those interested in or new to currency trading and who learn well from 'stories'. It won't replace the need for reading books about technical aspects of analysis and trading, but it's a good starter for addressing the psychological issues related to trading.
Brilliant Book - great introduction into the do's of forex, 19 Jun 2007
This is a fable about someone wanting to learn about forex trading. And as with any good fable, this book contains valuable lessons on the rights and wrongs of trading in general and in forex trading in particular. Those of you who dont know rob booker can expect to red a witty book full of good trading sense. In short, a fantastic intro to trading and how to do it right - both for novices and professionals alike!
Inspirational, 24 Apr 2007
It is not a book about trading systems.
But it is a very nice book that you can read over the weekend. It is the story of every trader (forex or not) that thinks he discovered the holly grail just to find out how easy it is to ruin his account.
Rob Booker is very experienced forex trader and mentor.
Very Basic, 14 Mar 2006
Its OK if you know nothing at all about forex, if you have a basic understanding already go for something more meaty.
Good grounding in forex, 04 Jan 2005
A good and (nearly) up to date description of the foreign exchange market (Now grown to $1.9 trillion daily turnover from the $1.6 stated in the book). Good coverage of all the aspects, although still aimed at the institutional market. The market has been transformed recently, with electronic trading accounting for a large proportion of trading, so some of the descriptions of dealing are going out of date. Having said that, it is difficult to have a text book that keeps up with the developments, especially in Internet-based trading. Shani points to all this on the last page. As a forex trader mentor, I recommend this book as basic reading for my clients.
Excellent description of FX markets and products, 04 Aug 2004
This book is highly recommanded to understand the basics of the FX markets and the several instruments traded on it. Although not the size of Julian Walmsley's bible (full of details), this book is very efficient and very well written. It will be useful for any person wanting to know about FX techniques, being a student or a professional.
Excellent introduction to foreign exchange, 20 May 2003
Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you'd expect to find in a book that is considerably thicker and more expensive - there's a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
Excellent introduction to FX, 16 May 2003
Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you'd expect to find in a book that is considerably thicker and more expensive - there's a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
Very Thorough and Informative, 01 May 2003
This book clearly and thoroughly explains an often complicated subject, in a friendly and clear tone. It covers a multitude of subjects, from the origins of currency trading, to the future of Forex trading after the advent of electronic trading. Highly recommended to anyone (especially good for those new to the subject)wishing to explore the subject of Foreign Exchange!
Really useful book, 27 Mar 2004
Being new to the game of currency options, i found this primer a real source of information and a great aid to my understanding of the subject. I really do recommend this book to the novice. Having said that, i am also sure this book would be of interest to the more experienced as well, as the subjects covered and style of writing covers both the expereienced and inexperienced.
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Customer Reviews
Very general book, 09 Aug 2008
This is very general book with several general strategies how to trade, but definitely not enough to be a good trader. I can recommend another one "Forex Patterns and Probabilities" which is way better.
Basic but usefull, 21 Jul 2008
About a third or more of this book explains how the forex market works and not how to trade the forex market. The author talks about pip gain and simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility and liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline and emotions, which is very important but only if you are a new trader. I think this book really lacks material.
I mean if you are a new trader then this book is a must. However, if you are already trading and looking to improve your skills and gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.
It has the following strategies:
Breakout fading - Using resistance and support levels
Breakout trading - Using bollinger and triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.
There is a very breif explanation of MACD, RSI and Stochastics.
This is not a book that will teach you a new and different trading style. It will rather introduce you to the concept of a trading strategy and pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book., 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good...., 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical and fundamental analysis then this book has some really good learning techniques. The good thing I like about this book is that it is to the point, and only has 7 techniques, using simple yet powerful technical analysis tools ...
I have read many other books and highly recommend buying currieries for dummies - a must book that every new trader should have.
I would say that you must read it before getting into LIVE trading.
Straight to the point education on being a professional trader, 04 Nov 2008
If you are serious about being a successful trader you really ought to consider the small price of this book. Way smaller than any one single stupid trade you will do at some point in your trading career... and this book will help steer you away from that stupid trade.
This book will teach you in a clear and concise way how to become a professional trader. How?
This book is excellent at explaining some key aspects of Technical and Fundamental Analysis. But no - that's not the reason why you should buy this book. I mean there are plenty of other resources where you can learn this type of analysis... and being excellent at fundamental and technical analysis does not mean you will be a successful trader.
There are some excellent explanations of how the Gold, Oil, bond and equity markets are all linked to the largest market of all.... Currencies.
There are some plain simple answers as to why a price goes up up up and then stops dead at a particular level. Why the market falls just after you buy only to shoots up again just after you decide to take the loss.
But what really stands out for me, in this book, is that it taught me how to run my trading account as a business. Understanding how much I should be trading at any given time. How to control my emotions by planning my trade well in advance and only executing if the market does what I planned it might do. If it doesn't then I do not trade. ...and this book also taught me how to examine my trades and find faults. Makes you think twice about putting on a trade if you know you are going to have to justify your actions in writing.
The writer, Mr Wayne McDonell, explains what technical indicators he uses and why, what fundamental analysis he does and why. But what really makes him stand out as the "real deal" is that he invites you to view him live, once a month, for FREE on the internet where he puts his words into practice.
Callahan
Good book for start, 09 Aug 2008
After reading this book I learned all the basic and more advanced things I need to know about FOREX. This book by itself is not enough (as any single book), you have to get all the other info you can get from internet. But can recommend as a good start for Forex traders!
Brilliant book for forex., 14 Jul 2008
A first class book for forex, explain the importance of limits and stop losses how to calculate them and strategies with forex. One of my 4 pearls in my bookshelf for forex (see my other reviews), with this book as a base and the other 3 I managed to start succesfully as a forex trader. I reccomend this book to anybody before willing to risk in forex.
Wish I could give this book more stars!, 21 Jul 2008
I wish I discovered this book £500's ago!! I lost £500 (only a tiny fraction of my starting capital in currency trading) in my new journey into currency trading. If I had discovered this book previously I think I would have been a lot more patient, diligent and may be less likely to have lost the £500. This book teaches the basic important messages of trading anything: patience, goal setting, focus, system testing, creating and sticking to it. I knew the basics of trading anyway but currency trading moves very fast and can lose you money much quicker than you can make it. This book made me realise trading is much more about psychology and eliminating emotion from trading. You will lose more times than you will win but your wins will be greater than any loses if you base your system and thinking around the contents of this book. A valuable book for any beginner or intermediate trader. This book is the "Rich Dad Poor Dad" of trading books.
Interesting and educational read about currency trading, 27 Nov 2007
This is a really useful book for those interested in or new to currency trading and who learn well from 'stories'. It won't replace the need for reading books about technical aspects of analysis and trading, but it's a good starter for addressing the psychological issues related to trading.
Brilliant Book - great introduction into the do's of forex, 19 Jun 2007
This is a fable about someone wanting to learn about forex trading. And as with any good fable, this book contains valuable lessons on the rights and wrongs of trading in general and in forex trading in particular. Those of you who dont know rob booker can expect to red a witty book full of good trading sense. In short, a fantastic intro to trading and how to do it right - both for novices and professionals alike!
Inspirational, 24 Apr 2007
It is not a book about trading systems.
But it is a very nice book that you can read over the weekend. It is the story of every trader (forex or not) that thinks he discovered the holly grail just to find out how easy it is to ruin his account.
Rob Booker is very experienced forex trader and mentor.
Very Basic, 14 Mar 2006
Its OK if you know nothing at all about forex, if you have a basic understanding already go for something more meaty.
Good grounding in forex, 04 Jan 2005
A good and (nearly) up to date description of the foreign exchange market (Now grown to $1.9 trillion daily turnover from the $1.6 stated in the book). Good coverage of all the aspects, although still aimed at the institutional market. The market has been transformed recently, with electronic trading accounting for a large proportion of trading, so some of the descriptions of dealing are going out of date. Having said that, it is difficult to have a text book that keeps up with the developments, especially in Internet-based trading. Shani points to all this on the last page. As a forex trader mentor, I recommend this book as basic reading for my clients.
Excellent description of FX markets and products, 04 Aug 2004
This book is highly recommanded to understand the basics of the FX markets and the several instruments traded on it. Although not the size of Julian Walmsley's bible (full of details), this book is very efficient and very well written. It will be useful for any person wanting to know about FX techniques, being a student or a professional.
Excellent introduction to foreign exchange, 20 May 2003
Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you'd expect to find in a book that is considerably thicker and more expensive - there's a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
Excellent introduction to FX, 16 May 2003
Although this book is primarily written for people that are clueless about foreign exchange (FX), it will actually teach the clued-up a thing or two also. The broad range of topics covered is what you'd expect to find in a book that is considerably thicker and more expensive - there's a detailed insight into the marketplace and its participants, the products (spot, forwards, swaps, options), fundamental vs. technical analysis, and more. The author writes in a concise, but extremely readable style and makes extensive use of pictures and diagrams. Furthermore, the book is bang up to date with recent developments in FX, such as the Euro and electronic dealing (that is, at the time I wrote this review). Finally, as an added bonus, this book is not biased towards the US or the US dollar, which I feel is especially appropriate for an FX book. Highly recommended!
Very Thorough and Informative, 01 May 2003
This book clearly and thoroughly explains an often complicated subject, in a friendly and clear tone. It covers a multitude of subjects, from the origins of currency trading, to the future of Forex trading after the advent of electronic trading. Highly recommended to anyone (especially good for those new to the subject)wishing to explore the subject of Foreign Exchange!
Really useful book, 27 Mar 2004
Being new to the game of currency options, i found this primer a real source of information and a great aid to my understanding of the subject. I really do recommend this book to the novice. Having said that, i am also sure this book would be of interest to the more experienced as well, as the subjects covered and style of writing covers both the expereienced and inexperienced.
Solid Basics, 16 Jan 2006
Author Peter Rosenstreich’s short, concise guide is a neophyte’s introduction to the world of foreign exchange trading. Its chief virtue is that it warns against trading if you don’t have a strategy and some level of technology. Its chief vice is the suggestion that it is realistic for individual investors to expect to make money in the foreign exchange markets. The author cautions against the risks of the market (and gives good advice on spotting the most egregious frauds), but even to suggest that an individual retail trader equipped with an Internet connection, a news feed, a research source and a charting service can hope to succeed in Forex investing is a bit misleading. Perhaps, it would have been more enlightening if the author had discussed the competition that confronts the potentially foolhardy neophyte, in terms of equipment, technology and expertise. That said, readers will gain an elementary - but not really an insider’s - acquaintance with the ABCs of the Forex markets and will learn the names of key agencies and approaches. We find that the book’s most useful attributes include references to further reading that should deter novices from attempting to trade their own money in the foreign exchange markets. For solid basics, read on - but zip your wallet.
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International Money and Finance
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C. Paul HallwoodRonald MacDonald;
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Usually dispatched within 1-2 business days
*Best price found from Amazon Marketplace seller
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*Amazon: £26.99
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