A Review – The Complete Guide to Currency Trading Investing
December 21, 2009 by admin
Filed under Forex Books and Courses
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Over the last few years many smart investors have left the volatile stock markets and started looking at other investment opportunities. This may have been because they lost the control of their investments in the stock market or perhaps because the volatile nature of the recent economic crisis caused them to have a loss of faith in the more traditional investments. Many investors relied upon the information provided to them by their stock brokers, bankers and financial institutions only to see their retirement accounts and pensions dwindle in the meantime.
For many of these investors the currency market has been a refuge for their money in times of hardship. Modern technology has made the forex market more appealing and accessible to the everyday man and has opened up the forex trading world to a new breed of investors working part time to profit with forex trading. The average working man can now stand in an arena with the biggest banks and trading institutions from the comfort of his own living room.
Currency trading is the exchange of one countries currency for another in the hope of making a profit. The forex market is the largest trading market in the world, even bigger than the more commonly known stock market, with some 1.9 trillion dollars traded every day. The relationship between four variables – currencies, exchange rate, interest rate and time create opportunities for investors to make money by exploit one or more variable. The investment returns on the forex market are unlike any of those seen in other trading markets, however it would be pertinent to point out at this point that 90% of those trading the market do not make any money at all! This is because they do not fully understand the variables involved, but should you master the ups and downs of the forex market it is well worth the small investment needed to get started. Investors can trade currency with as little as £100 or indeed as much as they would like. Currency investments can provide you with 13%, 15% or even as much as 1,000% per year should you make the right choices and interpret the variables correctly.
This new book will provide you will everything that you need to know to trade the forex market. You will learn what exactly the forex market is, how to invest in it, tactics and trading strategies to use when trading the forex market, how to set up your online account with a broker, insights into day trading, currency trends that are reoccuring and how to spot them, predicting futures and trading software. If you are really serious about trading the forex market then this is the trading book for you as it will not only teach you how to make great profit but how to control and minimise your risk.
Not a Good Book
Rating:1 out of 5 stars
I’m sorry to say but this book is not giving me anything to learn only a bunch of information that you can get thru googling the terms like what is GDP, PPI, CPI etc, this book is not telling you anything the most important thing about trading like how to trade ( Technical ), risk management, or even trading psikology.
Nothing less or more than a decent intro
Rating:3 out of 5 stars
If you haven’t read anything about FX market, this may be a good start. But if you already read any introductory handbook, this one will be redundant.
Also I agree that there was too much of reference. There is ca. 190 pages of real content and ca 90 pages of additional stuff that generally could be found in the Internet.
Reference book only, deceptive title
Rating:1 out of 5 stars
this book was very general, gave alot of basic ideas but with little support, 10 pages on technical analysis but with no charts. OVerall this book was alot of reference, not enough useful information. [..]. Disappointed with purchase.
Edgar
Rating:1 out of 5 stars
[..]. Half way through the book, I hand’t learned how to apply anything. This book doesn’t engage the reader, as a book that teaches you anything should. [...]
More stars for beginner. For more Advanced too Basic, so 3 star.
Rating:3 out of 5 stars
The book has good a content for a beginner. For a more advanced forex person this book is too basic, that is why I give 3 stars.