Customer Reviews:
Did not expect it to be that good.... December 4, 2007 Syd (London) 10 out of 13 found this review helpful
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.
Another Brilliant book. July 14, 2008 Dr. Pedro L. Moran-Raschio (Milton Keynes, UK) 1 out of 1 found this review helpful
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.
Very general book August 9, 2008 Peter Dolinaj (London, UK) 1 out of 1 found this review helpful
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 July 21, 2008 A. El Sherif (London UK/Cairo Egypt) 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.
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