The Money Changers: A Guided Tour Through Global Currency Markets Review

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(More customer reviews)This was a very enjoyable quick book to read about the internal workings of the foreign currency exchange markets. It is not intended for FX daytraders, but traders should find it interesting. It is not intended for academics, but a grad student in a related field will likely find it to be at just the right level of abstraction (not too deep in the weeds and not too superficial). It is mainly written in the form of polished-up interviews, and the author does a great job of breathing life into the representative players he portrays for these markets. Very well done.


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Turning Losing Forex Trades into Winners: Proven Techniques to Reverse Your Losses (Wiley Trading) Review

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(More customer reviews)Target market
-----------------
Regarding profitability, there are two types of traders; those making and those losing money. If you are losing money (i.e. your strategy has a negative expectancy or faulty execution) then this text CANNOT HELP YOU. In this circumstance, cost averaging as expressed in this text will cause you to lose money faster since the premise is to make up for losses on the next or the next few trades. This is what is known as a Martingale type system (see Wikepedia for info on Martingale). As Van Tharp always says, the anti Martingale approach works.
If you are making money with your system, i.e. positive expectancy, then I would ponder one thing about taking the advice in this text and that is ... Why would I alter my money management system because I've lost a trade? Certainly my money management approach will take into account losses and still be able to steadily increase my portfolio. Additionally, increasing your risk on the next trade assumes that your next trade is more likely to be successful than your last trade. Well, free Internet research will show that this premise is incorrect. Additionally, cost averaging is dangerous and may actually cause a good system to become marginal and a marginal system to lose money. Please read good money management texts for factual evidence to back up my claim (Van K Tharp etc).
Shallow
--------
With regard to the text's shallowness, I can only say that it has no clear strategies. In fact, even the cost averaging that the book purports to teach has been handled in a very sketchy fashion with ideas on how to effect it strewn throughout the text in sentences such as "when suffering two or more losses in sequence, I do not attempt to recover everything with one trade, but spread it out over the next three or four entries" (page 101). Why not the next five or six entries, or seven our eight or one or two. Where is the rational behind using the next "three or four" entries. This statement alone should clue newcomers to trading to the fact that cost averaging is very dangerous.
The title is very appealing to those searching for the truth. The closest you will find in this text is the mention of their proprietary ROI (River Oscillator Indicator). I know nothing of the indicator but from the author you get the feeling that it is very good bordering on miraculous. You'll have to pay for it. Nothing wrong with that. However, this book does not teach you how to use it. If interested, contact Concorde Forex Group, find out the cost of the indicator per month and any other costs such as training to use the indicator. Then make a reasonable decision as to whether or not it is worth it to you.
In closing, if you have a propensity for gambling, (which I don't recommend) then I suggest you review the freely available techniques available on the net. In fact, they will even give you detailed methods of how much to risk, how much to increase your risk for each subsequent loss and when to quit (when you have reached your draw down limit), which is more specific information than contained in this text.
I live outside the US, so lucky for Amazon that it's not cost effective to return this book.

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An effective way to reverse a trade's fortuneAlmost all trading books focus on "winning" trades. But winning trades can be hard to come by, especially when you're just starting out. Turning Losing FOREX Trades into Winners takes a look at this discipline from a different angle, examining effective methods for dealing with trades that are in a losing position. First, it guides the trader through the various steps of determining if a trade is with or against the overall trend. Then, it explains how to decide when a trade should be closed or left open. While this reliable resource is filled with in-depth insights and expert advice that will help readers gain a better understanding of today's FOREX market, it also contains hundreds of chart examples that will provide step-by-step instructions on how traders can recover from losses.

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Forex Analysis and Trading: Effective Top-Down Strategies Combining Fundamental, Position, and Technical Analyses (Bloomberg Financial) Review

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(More customer reviews)It is a very complete book, this a real guide to trade in Forex, not it provides you with guidance but also it gives you the strategic structure to develop your own investment methods.
Even though the following texts are not about trading I recommend the following books:
In Hell
THE DELIRIUM OF DE LIBERATOR

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The forex market is huge and offers tremendous trading opportunities. There are many different tools for analyzing the forex market. But what are the best tools and the best ways to use them to trade most effectively?
Forex Analysis and Trading organizes the most widely used—although disparate—approaches to forex analysis into one synergistic, robust, and powerful framework. This system draws on fundamental, position, and technical analyses to identify profitable currency positions, enabling traders to make the best decisions regarding major currencies.
Marta and Brusuelas are forex trading professionals with years of experience analyzing and trading every major currency.

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Options on Foreign Exchange (Wiley Finance) Review

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(More customer reviews)This book is a nice introduction to the subject. A trader would benefit from reading the text more than a financial engineer would. It may be a good idea to read the author's "Currency Derivatives," as well. People who have read any text at the level of Hull or higher are advised to move on to "Currency Derivatives" directly.

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The Ed Ponsi Forex Playbook: Strategies and Trade Set-Ups (Wiley Trading) Review

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(More customer reviews)I'm an Ed Ponsi fan. However, I think he may have inadvertently misled people with his choice of title and cover art. In particular, the subtitle -- Strategies and Trade Set-Ups -- along with the sports diagrams on the cover, imply that he's going to get down with some powerful set-ups and management techniques. The trade set-ups consist of trading off 10 and 20 day moving averages, and the management techniques consist of the option of adding to a winning trade when it retraces. Duh.
Furthermore, there is quite a lot of rank beginner stuff, for example, an explanation of currency pairs, pip value, lot size, etc. I don't have much patience with that sort of thing. There is plenty of introductory Forex material readily available, and I don't see why so many authors seem to feel the need to pad their books with what their readers already know. It's like buying a book on computer programming that contains detailed instructions on how to turn on the computer or what a hard drive is.
Oddly enough, in a book that explains pip value, there is a chapter on trading other people's money. I think he tried to be all things to all people, from those who started trading a demo last week to the guy who wants to start a hedge fund. I don't think it comes off very well, especially in a 200 page book.
The meat of the book -- the strategy -- consists of various sources of information that can give you a head's up on currency strength. We're talking the COT Report and such things, some which are not so widely known by intermediate level traders. It's good information to have. It wasn't what I was expecting, though. And of course, it's still a crap-shoot. Was the crowd right, or was the crowd wrong? It's the same old question with the same old answer: buy your ticket and take your chances.
The take-away is that Ed feels the real money is in long-term trading as opposed to day-trading. Certainly if you are trading moving averages, you need to let your profits run. Personally, I hate trading moving averages -- or anything that wiggles, for that matter -- and no day will dawn when I'm willing to eat a 100 pip stop.
Buy the book anyway. There are useful and important nuggets and the book is worth the money. Just don't expect trade set-ups that you haven't heard about a hundred times before.


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A practical guide to trading the foreign exchange market
The Ed Ponsi Forex Playbook offers a visual approach to learning specific trading strategies and identifying profitable trading opportunities in the Forex arena. Page by page, it skillfully describes strategies for long-term trading, swing trading, and day trading in a clear, easy-to-understand manner.
Written by the author of the hugely successful Forex Patterns and Probabilities, The Ed Ponsi Forex Playbook takes the entire concept of Forex education to a new level. The author raises the bar with this ambitious work, presenting fresh new strategies and concepts. Ponsi uses clever analogies and comparisons to make his explanations crystal clear.
With Ponsi as your "coach", the book employs sports analogies to show you, his players, the way to victory on the Forex playing field
Strips away the mystery, showing exactly how successful Forex traders make money
Explains complex financial concepts in ways that the average person can understand
Provides not only useful information, but actionable information to the Forex trader

The foreign exchange market is the most actively traded market in the world, and Ed Ponsi is world-renowned as one of the foremost educators in this field. With The Ed Ponsi Forex Playbook as your guide, you'll learn how to take advantage of the many opportunities found in the Forex arena.

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The Essentials of Trading : From the Basics to Building a Winning Strategy (Wiley Trading) Review

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(More customer reviews)Rarely does a week go by in which someone in the trading world does not ask me to endorse their website, product, or publication. I politely decline 90% or more of the time. The sad truth is that many trading texts are written by individuals who are not truly experts in their domains. When I had the opportunity to review John Forman's book "The Essentials of Trading" prior to its release, I not only gave it my endorsement, but consented to write its Foreword. I would only do that for an author who knows his stuff and for a work that I am proud to be associated with.
What John has accomplished is, to my mind, the best general-purpose introduction to trading I have yet encountered. Having run a training program for aspiring professional traders at a proprietary trading firm, I know the questions that new traders ask and the lessons they need to learn. John has clearly addressed these in "The Essentials of Trading". He begins with trading mechanics: the nuts and bolts of executing and managing a trade. His discussion is accompanied by real examples, with screen shots of order tickets and trading screens. This is no academic, theoretical treatise, but a hands-on introduction to trading basics.
Later chapters take up the important topics of trading plans and risk management, followed by methods for analyzing markets and designing, testing, and optimizing trading systems. Once again, practical examples abound, with clear illustrations of actual markets, positions, and systems. A nice touch are the text boxes throughout the book highlighting key concepts. Many of these are comments from traders and the lessons they've learned.
Overall, I found John's writing to be clear and concise. He has served as content editor for the Trade2Win community site, and his writing experience shows. When I endorsed the book, I said that it was the text I wished I had when I started my training program. I stand by that comment: this is a great introduction to the trading world.
Are there weaknesses to the book? Those will depend on readers' interests. Two full chapters are devoted to trading systems, but only part of a chapter to technical analysis. Valuable insights regarding trading psychology are scattered through the text, but there is no dedicated chapter to the topic. Conversely, the bonus sample trading system included in the appendix is worth the price of the text alone, providing an illuminating example of a trading methodology.
In sum, I highly recommend "The Essentials of Trading" for new and developing traders. From execution to planning to risk management to market analysis, it covers the basics in a clear, engaging style.

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Praise for The ESSENTIALS OF TRADING
"This is the book I wish I had when I began a training program for new traders. John's familiarity with trading and traders is evident in this text. His incorporation of exercises and use of examples bring topics to life, maintaining the interest of even the most hyperactive traders."—Brett N. Steenbarger, PhD, author of The Psychology of Trading
"The Essentials of Trading masterfully teaches the novice how to conceptualize, implement, and manage the important fundamentals that form the building blocks of successful trading. Because the book and its examples have been classroom tested at both the undergraduate and graduate levels, the pace of presentation is ideal for a full or partial classroom exposure to Internet-based trading. The book is highly recommended as a viable academic teaching tool, and equally so for the developing nonstudent practitioner."—Dr. Gordon H. Dash Jr. Associate Professor of Finance, University of Rhode Island
"As the founder of a women's entrepreneurial networking organization, one of the most essential messages I relay to our members is the importance of understanding and managing their own personal and professional finances. John Forman's book is one that I highly recommend to all our members, because of its clear explanations and teaching style that will allow any novice to develop a solid understanding of the world of finance and investment trading."—Sherry Thacker, President and Founder, WENS Inc.
"The Essentials of Trading is an excellent introductory book on the subject. It not only provides the critical know-how, it also manages to inspire the reader to take their first tentative steps into the trading arena. A joy to read."—Paul Gould, Managing Director, trade2win.com Global Trading Community
"While trading has become more challenging, the tools have improved, and John Forman brings an up-to-date, insightful perspective on what is needed for traders of all backgrounds to absorb. With the bar having been raised for all market participants, The Essentials of Trading brings a fresh look, providing successful examples of the implements necessary to build a trading system and have confidence in your own work."—Joel Marver, Chief Technical Analyst, IFR Division, Thomson Financial

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An Introduction to International Capital Markets: Products, Strategies, Participants (The Wiley Finance Series) Review

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(More customer reviews)It is actually a good introduction to capital markets. An interesting book for those students who are entering to this complex industry and knowledge field. Dr. Chisholm develops carefully every subjet in an excelent work.

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Fully revised and updated from the hugely popular first edition, this book is an accessible and convenient one-volume introduction to international capital markets, ideal for those entering or planning to enter investment banking or asset management. As well as serving as an invaluable reference tool for professionals already working in the industry looking to extend their knowledge base it will also benefit all those working in trading, sales and support roles.

Describing how the key products and markets work, who the principle participants are and their overall goals and objectives, Andrew Chisholm provides a thorough overview of the global capital markets. The book covers a wide range of equity, debt, foreign exchange and credit instruments as well as the principal derivative products. In a step-by-step fashion, making extensive use of real world cases and examples, it explains money markets, foreign exchange, bond markets, cash equity markets, equity valuation techniques, swaps, forwards, futures, credit derivatives, options, option risk management and convertible bonds. An extensive glossary also explains concisely many of the ‘jargon' expressions used in the financial markets.

Boasting an international focus, examples are drawn from major international markets around the world. It makes extensive use of numerical examples and case studies to help explain a wide range of cash and derivative products used in the capital markets business. It covers both debt and equity products and includes new material on credit products such as collateralized debt obligations and credit derivative structures; equity fundamental analysis, portfolio theory and convertible bonds. Market data has been fully updated from the first edition and recent events such as the ‘credit crisis' are discussed.

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Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves (Wiley Trading) Review

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(More customer reviews)I was reluctant to purchase this book because i feared this one would be as many other books i have bought before: tutorial on basics, with examples that are hard to follow. I was wrong but i am giving it a four star because the one area i believe is very important to discuss stop-loss management she was not very helpful - still better than most books i read - for that i think you need to read Agustin Silvani's book.
Aside from that this book is an excellent instruction book on swing and day trading. The book very succintly explains the preparation for the trading day and the two strategies you can follow: fundamental or technical. Although i don't use some of her strategies i do use a couple and am in the process of designing my system for the others. I think the three chapters 8,9 and 10 are worth the price of book by themselves.

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Discover a variety of technical and fundamental profit-making strategies for trading the currency market with the Second Edition of Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien–Director of Currency Research for one of the most popular Forex providers in the world–describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationships, interest rate differentials, option volatility, news events, and central bank intervention.

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Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets (Wiley Trading) Review

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(More customer reviews)This is mostly for beginners. There are only good advices, so it is a good choice for beginners or those who need to be put back on tracks.
The number of strategies is in fact quite limited and not really new. I was expecting much more from the description. Ed just uses levels for entry and stops that could be slightly different than in some other books.
2 strategies about trending markets (FX-Ed and classic 2 time frame system), 1 for pennant/flags, a volatility breakout strategy, which is in fact a triangle strategy (for the entry). playing the round numbers, a range trading in the low volume opening, and a word about the carry trade.
The so-called FX-Ed trending strategy is based on moving averages. I have backtested it (it is easy, no place for interpretation for the version without partial exits and reload)and of course it works on strongly trending markets such EURUSD recently, but wait, any trending strategy worked!! The same strategy with pairs such as USDJPY generates a loss or a small gain between 1997 and 2005 and it was in fact quite good at buying tops and shorting bottoms, resulting in huge volatility of the equity curve.
Update: Backtest of the "round trip" (playing the round numbers). Only difference with the text is that the second target is a multiple of the first one instead of based on a previous R/S level. From Sept 2003 to Sept 2006, it does not work and looses for most pairs (including those preferred by the author). Even if we take only the first bounce, it looses.
Update2: Backtest of the "Boomerang", a range trading in the low volume opening. EURUSD only as suggested by Ed. Tested from Sept 2001 to Nov 2006. There is a profit growing steadily (though there are drawdowns) from Sept 2001 to May 2004. After that, it is flat. There are still trades, but they do not produce any profit, just breakeven. Has it stopped working after too much advertisement for it?
Page 217 is quite interesting. The author explains why it is not recommended to systematically take small profits such as 10 pips. I am wondering if the "strategy 10" advertised by one of the praisers of this book is compatible with this view. Anyway, Ed also says that those who recommend such thing may just want to profit from people by the "introducing broker" system, and so we must be careful.
The book progresses slowly, explaining every single detail. There are a few repeats in the first half of the book. For most charts, the horizontal labels are not displayed.
The book is 245 pages but the content is quite small because there are so many charts! The number of useless charts is amazing. He uses charts to illustrate any single information in the book. For example, a pair trending up (a chart), a pair trending down (a chart), a congestion (a chart), breakout from congestion (a chart), a strong trend (a chart), a moving average (a chart), a second moving average (a chart), a RSI (a chart), a fib retracement level (a chart). For a "strategy", an entry point (a chart), placement of the stop to be put after the entry (a chart), placing first target (a chart), second target (a chart), third target (a chart), tweaking the exit levels (1 chart per exit level!), Entry triggered (a chart), first target reached (a chart), the pair continues (a chart), it pulls back (a chart), it reaches the second target (a chart), and the third (a chart), etc... Well, don't you think that a few charts with gathering a few things on each of them would have been enough? It looks as if the book was the written version of a seminar. In fact, it probably is!
Page 204: Two times the same chart! The first chart was supposed to show only the entry (as usual), and the second the exit later on, but the first one already shows the exit! Good Ed, you are improving by putting both entry and exit on the same chart (you could save some trees by concentrating more information!!), but only one chart is necessary in this case!

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Essentials of Foreign Exchange Trading (Essentials Series) Review

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(More customer reviews)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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The New Science of Technical Analysis (Wiley Finance) Review

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(More customer reviews)Most technical analysis books seem to fall into two broad categories. The first is marked by a lack of rigour in thought, lack of backtesting or any form of real verification, and sparse foundations in any form of mass psychology or mathematics. The second category is the antithesis of the first.
This book falls into the more lamentable category. The author's main handicap is an immense ego, which blinds him to the ridiculous claims he makes about his methods, without any real backup. (Nevermind that his editor must have been a total pushover, since its a very poorly edited book).
Second, his methods reveal feeble methodology. Want a good example? Lets look at his chapter on moving averages. He says one fault of simple moving averages is they don't discount the far past in relation to the near past. He mentions some other ones which have been addressed elsewhere. But there aren't any formulae! He then starts talking about his enhancements to moving averages. Half of it doesn't make too much sense, and he neglects to show any graphs.
There are a couple of nuggets in here. One in particular was TD Points, as he calls them. But all the useful things he says could have been summarized into 5-10 pages. He also doesn't really talk about futures, commodities, volatilities, and strategy.
In the end, I cannot figure out why Wiley would publish this book. It doesn't have the quality.

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From the Foreword by John J. Murphy "DeMark's work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark's emphasis on the 'new science' of technical analysis helps push the technical frontier another step forward. With the unprecedented attention now being paid to technical analysis, this new book couldn't have come at a better time." --John J. Murphy, bestselling author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC "This book is filled with innovative, creative, and clever new ideas on technical analysis. Tom DeMark has done a wonderful job of turning subjective techniques into objective strategies and tactics." --Courtney Smith President and CIO Pinnacle Capital Management, Inc. "Those who know him and his work call him the consummate technician--a trading system developer without peer." --Futures magazine "DeMark is the ultimate indicator and systems guy. No one touches him. I know the Holy Grail of trading systems doesn't exist because if it did, Tom would have found it by now." --James Bianco Director of Arbor Trading "Tom DeMark is a genuine leader who has been behind-the-scenes until now. Publishing DeMark is a coup." --Ralph Vince author of The Mathematics of Money Management

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The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (Little Books. Big Profits) Review

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(More customer reviews)I've read everything Kathy's ever written, and I'm better for it - and this book is no different. Short and to the point: Kathy's section on the buy and sell zones for the Bollinger Bands is worth the price of the book many times over. Those bands have saved me from taking some terrible trades, and helped me quickly identify market conditions that are favorable for longs or shorts. It's easily the best section of the book, in my opinion. Last of all, Kathy has the public track record to back up what she writes.
Trading is risky, of course, and no one strategy is perfect for everyone. But in a world of overpriced trading books, this book is absolutely worth buying.

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All About Forex Trading (All About Series) Review

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(More customer reviews)We've been students of John and Wade (the authors) for the past 21 months and these two guys are fantastic teachers of the financial markets. We finally got the concept of Forex/Markets trading thanks to John and Wade's education. They taught us basics and advanced skills to read charts and trade with profits. They provide simple, no non-sense information needed to understand Forex. You'll love their style and sincerity to educate. Must read - highly recommended material.

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Currency trading techniques you can bank on!
Forex trading can be remarkably lucrative—and complex, confusing, and risky. Too many investors dive right into Forex, suffering big losses. If you want to trade currencies successfully, read this book, take your time, and plan accordingly. The $4 trillion Forex market will be waiting.

All About Forex Trading walks you through everything you need to know to make currency trading a vibrant part of your diversified portfolio and generate handsome returns—regardless of what is happening to stocks and bonds. Whether your investing style is conservative or aggressive, this no-nonsense guide has what you need to build a powerful Forex trading strategy. Learn all there is to know about:
What (and who) drives currency prices
Investment vehicles for Forex trading
Technical analysis techniques
Key fundamental indicators
Navigating the economic calendar
All the traded currencies—from the Americas to Europe to Asia

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The Forex Mindset: The Skills and Winning Attitude You Need for More Profitable Forex Trading Review

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(More customer reviews)As a former Psychology-Sociology major I've read my share of studies of the mind, but this is one of the best. I am now hoping Martinez will write a biography. Anyone who know psychology as he does has more story to tell, and I for one, look forward to the read.

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Jared Martinez traded the forex market for a decade through the 1980s and '90s before he discovered that successful trading requires 10 percent skill and 90 percent emotional intelligence. He founded the Market Traders Institute on that underlying principle, and now MTI is the most established leader in forex education worldwide.

Jared is known as "FXCHIEF" in the industry, and now, in The Forex Mindset, he shares his secrets with you.

Leadership experts and corporate executives are just waking up to what the FXCHIEF has known for more than 15 years—emotional intelligence matters. With The Forex Mindset, you get up close and personal with greed and fear, the two leading forces in the market. Everyone gets in for greed, but without a healthy understanding of fear, you may be in for one of the worst journeys of your life. This performance-oriented guidebook features a potent synthesis of psychology and strategy that will exponentially increase your ability to acquire wealth as a trader.

Even veteran traders with bulletproof trading strategies are doomed to fail if they don't know themselves. The Forex Mindset prepares you to be a successful trader by helping you identify your unique psychological strengths and weaknesses and how you naturally behave in times of financial crisis. With a newfound understanding of yourself, you can use this book to map out your own path to wealth by:
Delving into human nature and market behavior
Learning how to improve your emotional intelligence
Doing what top traders do to control their emotions in trades and in times of crisis
Implementing authoritative strategies for effective thinking in a state of fear

If you want to make a living from trading forex, apply the lessons in The Forex Mindset and you're already 90 percent there!

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Beat the Forex Dealer: An insider's look into trading today's foreign exchange market (Wiley Trading) Review

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(More customer reviews)Unlike most Forex books, this does not reiterate basic strategy and definitions. Rather, it assumes that the reader knows the basics, and concisely reveals how the Forex dealers can use those strategies against the reader. The author's material corresponds well to common complaints from traders worldwide (check out Forex trader blogs at any website). The graphs are well-laid out, and helpful for elaborating on the counter-strategies described by the author. A quick read, but surely complex enough for re-reads. I cannot comment on whether the author's strategies will indeed ensuring "beating the dealer" (have not tested them yet), but I think that revealing how the Forex establishment can take advantage of traders will make readers more cautious, and less trusting. Should be part of any advanced beginner's library.

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Getting Started in Currency Trading: Winning in Today's Forex Market Review

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(More customer reviews)Novice traders and those with some experience could get a lot of benefits from this book without a lot of dollars.
This book is divided into 6 parts as follows :
1. The foreign exchange markets - forex landscape, a brief history and two ways to trade forex
2. Getting started - regulations, forex lexicon, trading tables, a guide to forex brokers, opening a forex account and making the trade
3. The tools of the trade - fundamental analysis, technical analysis, a trader's tool box, the forex market place and retail forex platforms
4. The complete forex trader - the plan, money management, psychology of trading and improving your trading skill
5. Extra for experts - options and exotics, computers and forex
6. Appendixes
It is nice to be able to download forms and tables in this book from its companion website. In term of delivery the author has managed to describe complex forex aspects into plain English.
May the pips be with you!

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Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market (Wiley Trading) Review

Average Reviews:

(More customer reviews)This is the most boring, childish trading book I have ever read. First you have to go through almost 150 pages of filler, where the author explains, over and over and over again that he is going to show you how to "attack" currency trends. At some point you will probably scream and yell : "Shut the hell up and show us something, anything!!" Then he finally reveals his "secret", are you ready for this? Well here it is, in essence : Buy when the price is above its 100 and 200 moving average and sell when the price is below its 100 and 200 moving average. That's it. Seriously.
He shows you plenty of highly cherry-picked charts to prove his point. Of course for every perfect, textbook chart example there are at least 8 or 10 charts that do NOT work (naturally he won't tell you that), that's the problem with moving averages, they produce a LOT of false breakouts when the market is in a non-trending mood, which is its normal state almost 70% of the time! The author then adds a few (subjective) support/resistance lines (he calls them "remembered lines", how exotic), a couple of trendlines and some Fibonacci levels to the charts (to make them look more complex than they are) and there you are, you now know how to "attack" currency trends (yeah right!), aren't you the lucky one?
All in all, this book will surely impress newbies and amateurs, but for more experienced and knowledgeable traders it is a joke. The new comers will look at the beautiful cherry-picked charts and say "Wow, this stuff really works!". But they will quickly and painfully discover that applying these "techniques" in real time is quite a different story, as their stops get triggered trade after trade! I even challenge the author to consistently find the beginning of a real, mega trend with any degree of accuracy. Because believe it or not, this book not only wants to show you how to "attack" a currency trend, but how to ANTICIPATE a trend as well!
Folks, seriously, if we could anticipate forex trends we would all be richer than Bill Gates in less than two years.
Yes moving averages work with trending markets like the Forex, but nobody was able to eliminate all the false breakouts yet, and this little book is no exception.
PS: Look at all these (more than suspicious) 5 star reviews written by first-time "reviewers", they read like a commercial for the book.

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The guide for reading long-term trends in the foreign currency market
To thrive in the marketplace traders must anticipate, enter, and stay with trends in the foreign exchange market.
In this much-needed guide top forex, expert Greg Michalowski clearly explains the attributes of successful traders, and shows how traders can set themselves up for success by drafting an explicit mission statement and game plan. The book also contains the tools and techniques traders need to read the markets and identify when a market is in a trend. Michalowski shows traders how to enter an emerging trend, how to manage the position, and how to exit the position most effectively.
Includes the technical tools needed to invest in the foreign exchange market: moving averages, trendlines, and Fibonacci levels
Shows how to identify a trend and stick with the trend through its duration
Written by Greg Michalowski who was cited by SmartMoney magazine as a "go to" source for making money moves

With this book, Michalowski offers an important resource for identifying and riding out long-term trends in the volatile foreign currency.

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