Essentials of Foreign Exchange Trading
- ISBN13: 9780470390863
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
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 mana… More >>
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 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
Mr. Chen’s work covers the basics of forex trading quite well and quite thoroughly. Perhaps because of the nature of the book, he does not go into great depth on the specific uses of the various technical tools he defines and does not deal with the difficult specifics of how to set stops or how and where to set targets. I definitely do not consider those to be failings in a book that is clearly designed to acquaint the reader with the basics. In that regard it accomplishes the task admirably in a well written easy to read and easy to understand style.
Rating: 4 / 5
Mr. Chen has done a superior job here concerning a Task that is certainly more than meets the proverbial Eye…
Transitioning my own Trading Work from Equities in the late 1990’s, I, like most, found the Foreign Exchange Markets to have distinct advantages that were somewhat seamless to transition to… but how about the New Trader?
The early part of the Decade the Industry was lacking in qualitative Resources for the newer Trader looking to learn about these Markets.
James has presented a Resource that is full of Institutional Perspectives that are clearly those of an Institutionally-Seasoned Trader.
The Text and Cohesion of the Chapters are concise enough to be comfortable reading for the Novice, while at the same time providing comprehensive and useful information that can be applied in a progressive fashion.
Having known James for a while in a Professional Climate simply reinforced my View of the Quality of Work seen here, and my thoughts certainly will not detract from the Content in any manner whatsoever.
The Work speaks for Itself, and I recommend the Book to anyone interested in learning about the true Mechanics of Foreign Exchange Work
with the utmost Sincerity.
Do not take my Word for it… See for Yourself.
Tim Salem ( CVJ )
UltraMax Group
Rating: 5 / 5