Essentials of Foreign Exchange Trading
Essentials of Foreign Exchange Trading
- ISBN13: 9780470390863
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Essentials of Foreign Exchange Trading
Product Description
This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win.
JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broker. An expert on forex trading and technical analysis, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis, leads forex trading seminars, and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options (SFO) Magazine.
Essentials of Foreign Exchange Trading
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Comments
I have to assume that all the 5 star reviews are either from Mr. Chen’s friends or from total newbies to trading. I was shocked at how extremely basic the concepts in this book were. If I was totally new to forex and spent about 2 hours going through free forex sites I could write a book more comprehensive than this. Mr. Chen has to have more knowledge than this about trading(I certainly hope he does!). Not only can you get all of the information in this book for free on the internet, even the most newbiefied and basic free sites have more advanced concepts than this book. If I were Mr. Chen I would be embarrassed in front of the trading world for putting out this book. Makes him look like a newbie himself or at least totally lazy copout that just wanted to crank out something to sell. Maybe he should have titled it “Forex for Toddlers” because anyone over 4 years old would throw this into the trash can labeled “superficial”. Total disappointment. Since I have to rate this at least 1 star, that 1 star is for 0-4 year olds.
Rating: 1 / 5
The book is a solid base for an introduction to forex trading but thats where it stops. There are no real good foundations for solid strategy trading which is what most novice traders look for, after all we just want to make some good returns! If you are looking for good detailed strategies this is not the book for you.
Rating: 2 / 5
I am very pleased with the service. My book came very promptly and to my expectations. Thank you for a hassle free transaction!
Rating: 5 / 5
I got this book as a present and I love it. I had been thinking of changing careers from systems analyst and business unit manager at a top “global” bank to self-employed forex trader. This book has been a tremendous help in getting me going. Before this I felt I was dabbling, but this book helped put structure around how I trade. It is a fine introduction to the field, but what was best was the practical advice on how to think about forex strategies. Thanks in part to this book, I am up and running with a few trading programs, and it’s early, but so far so good. I feel confident enough to add a few of my own ideas to some of the trading frameworks in the book. The book is a terrific shortcut to get going quickly trading forex.
Rating: 5 / 5
I read through this book at the request of a friend who is beginning to trade Forex. Since I have been doing it for a long time, I was glad to help.
This book can easily be reviewed in a few lines.
If you are completely new to Forex and basic trading, this will give you a VERY general, basic and at times vague whole picture of trading in the Forex world. After you have read this book, you will be left scratching your head saying – Well, that was dandy…but what do I do now? So, yes, you will need to spend more money on further resources to expand upon what is mention here. The deepest, most important topics average 1 to 3 pages spent on them.
Trading is not something that comes easily or quickly. There is no ONE single source that will cover everything. No one should expect that or complain that they did not get it.
You have 2 options with this book –
You can skip it and utilize the internet. There are great sites and free resources. But how long will it take you to gather all of that up and sort it out? First stop – Google babypips.
If you are more inclined to sit by the fireplace and read, then this is the book for you considering it is only $26 here. It does cover all the important bases to give you the whole, BUT NOT IN DEPTH, picture.
If you have read a beginner’s book, are familiar with Forex or trading…SKIP THIS BOOK. It can offer nothing to you.
Rating: 3 / 5