Essentials of Foreign Exchange Trading (Essentials Series)
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[wpramazon asin="B003TFE3FQ"]
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Excellent book on currency trading,
I have spent 20 years researching and trading stocks and bonds, and was interested in currency trading. I purchased a number of books on foreign exchange. I read this book first, Essentials of Foreign Exchange Trading, and I found it an excellent choice. It has also been a good companion to my experimentation and trading on one of the major FX trading websites.
It starts off with a good introduction to the principles of currency trading and includes a discussion of a wide range of trading approaches to help understand which best fit your personality and style. The chapters that dive in on technical analysis (using candlesticks, moving averages, fibonacci/pivot point, elliott wave) are especially good; it is obviously the author’s specialty. That was good for me since my background is in fundamental analysis and the author’s treatment of technical analysis was comprehensive and helpful. The sections on fundamental analyses were good too, although I went through them quickly given my familiarity. My primary focus was to “expand the toolbox” with technical analyses and this book served that goal. Also, importantly, the book is written in an entertaining and fluid style. It was easy to read and absorb.
Overall, I found the book excellent and recommend it.
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|Great read – definitely recommend it,
I traded forex a couple of years ago and I’ve just gotten back into it recently. Got this book right when it came out because I’ve been following the author’s daily currencies analysis and attended a few of the webinars he gives. From the title of the book I was thinking that it might be a bit basic for me since I’ve traded forex pretty extensively before. But it’s turning out to be extremely helpful because it has a lot of really useful strategies and techniques. The book pretty much goes all the way from beginner to advanced and explains everything really thoroughly and clearly. I have two other books on forex trading that I bought in the past, but this one is by far the most complete and useful one. For me, chapter 5 on forex trading methods and strategies was one of the most comprehensive descriptions of trading strategies that I’ve seen. Also really liked the technical analysis chapter. Definitely recommend this book.
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|Very Helpful Guide to Trading Forex,
I’ve been struggling with my Forex trading for more than a year now. I spent 100′s of dollars on a bunch of Forex strategies online, but they never helped me become profitable. This book really helped me understand how I should go about trading this market. IMHO, the information in this book is worth so much more than any off-the-shelf, plug-and-play strategy that I ever bought. This book gives you an intelligent way to formulate your own strategies and really helps you understand how the Forex market works. I keep 5 reference books at my trading station for reference at all times. Besides Marcel Link’s book on high-probability trading, the John Murphy book on technical analysis, Alexander Elder’s Trading for a Living, and Van Tharp’s book on trading systems, this book is the one I go to for all Forex-specific information.
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|The Real Thing,
When I first stumbled across Rob’s original Strategy 10 ebook, I was a novice forex trader who had just turned a $38,000 account into a $17,000 account. Needless to say, I was very open to suggestion. Lucky for me, the suggestions came from Rob.
At the risking of sounding hyperbolic, reading Strategy 10 saved my trading life. I stopped the nonsense I was doing and focused on how to get 10 pips. As the saying goes, “There are a million ways to make money in the markets, and none of them are easy.” Strangely enough, when you focus on getting 10 pips, it gets a whole lot easier.
The stuff in the original ebook works and the stuff in the updated one is ten times better. You can use Rob’s words literally to get 10 pips a day (I’ve tested support and resistance and it will absolutely do the job) or you can use Rob’s message and find your own way to get 10. Either way will get you there. Understand this: Rob is telling the truth. It is doable.
After a long journey, I have finally found my way in the markets. I have been profitable every day for a while now (yes, every day) and I can honestly say that this wouldn’t have happened without Rob Booker and Strategy 10.
If you think Rob’s message and/or my review are too good to be true, I totally understand. It can be hard to believe. Simple answers sometimes are.
But as Rob would say, “Doubt if you want. Question if you want. But while you’re being skeptical, please
just keep making money.” And I will.
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|$2 eBook = WYSIWYG.,
The author is smart. $2 sounds like a bargain for such a ‘popular’ eBook, until you realize you have been fooled, again.
Simplistic advice to the point of insulting your intelligence. Aim to make 10 pips a day trading currencies. That’s the WHOLE eBook. Now that you are aware of this eternal wisdom, think about why you want to give the author your $2. Best get yourself a cup of coffee and smile on all the fools ‘charmed’ by this market wizard.
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|Complete waste of $2,
This book has NOTHING at all to say. It’s certainly well written and it all sounds very nice, but if you’re looking for anything that will help you learn about or profit from trading currencies look elsewhere
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