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Currency Trading For Dummies

https://www.amazon.c..
Category: Books

Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency...

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Not for beginners
If you are a beginner trader, which is assumed since you are buying a "Dummy" book, look elsewhere. The book could have made learning to trade by technical analysis much more simple and to the point. Instead it gives a huge unecessary history/background while not actually telling you in detail how to read a chart.

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Ruhe Portsmouth, VA

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Feels like a marketing book
Very disappointed in this book (2nd edition, copyright Wiley 2011). I was hoping to learn something useful about the forex market, as I'm looking for ways to speculate a little on some extra funds I recently acquired. But the book is confusing to read. In the beginning it refers to things, without explanation, that it would discuss later in the book. The writing is also hard to understand, and the guy is simply NOT funny at all (like most For Dummies authors).

For example, Chapter 4, "The Mechanics of Currency Trading," does not tell you anything about the most important aspect of a newbie forex trader: how to find a good broker, especially a good trustworthy online broker. (Maybe there aren't any.) Choosing a broker is delayed until Chapter 13, "Risk-Management Considerations." But there the author gives you only a short, general comment about how different brokers offers different kinds of "spreads," which after reading and re-reading several times, I still don't understand and don't see the relevance in helping me find a useable broker.

The trading strategies discussion is all about technical indicators, or chart reading. I wonder how many real people make money trading off these things, as opposed to writing newsletters (and books) about them...

The entire book feels like a marketing push for the forex market -- no surprise, given the author works for a large online forex broker. I know forex is a tough topic to explain well to dummies like myself, but this book falls below my low expectations.

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MachTrader Denver, Co

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Not for dummies! Actually quite hardcore info...
This was the first book I bought along with Technical Analysis for Dummies - it seemed like the most obvious place to begin learning about trading.

Maybe it's because I was totally new to Forex and trading in general, but I found some of this book to be far more advanced than I thought it would be; there are actually some really good tips in here on when to trade Forex (weeks in the day, seasons etc) that I have not often heard mentioned elsewhere - this is not written by a dummy - this is written by a very experienced Forex trader and the information is very valuable.

Maybe this is actually not a book for beginners - having said that, at the beginning it's worth just reading everything you can find, it's all a jumble of information anyway but after time and seeing the same lessons repeat themselves, you begin to develop the ability to sort the wheat from the chaff.

I would definitely add this book to a collection; as I said, there is excellent info in here that I have not seen presented yet in other Forex books.

Irukandji

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Great Book for a Beginner in Currency Trading!
I bought this book because I wanted to see if currency trading was really for me or not. After reading this book I did realize it was not for me. This is a great book for a beginner that does not know anything about currency trading since it starts off with the basics. It's not a valuable book for a advanced person with knowledge of currency trading because the basics would be boring for them.

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M1llz28 Queens Village, NY

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Displaying 1-4 of 4 Total Reviews
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