Trading Course Review

Getting Started in Currency Trading Winning in Todays Hottest Marketplace Getting Started In

While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That’s why you need Getting Started in Currency Trading, Second Edition. This reliable resource-written for both newcomers and those with some FOREX experience-puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Topics include:

• The rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX
• The process of initiating and liquidating a live market order
• The advantages and disadvantages of fundamental and technical analysis
• The wealth of FOREX products and services now available from third-party vendors
• The psychology of trading and the stresses that may accompany this endeavor
• Advanced strategies such as options, exotics, and arbitrage

User Ratings and Reviews

3 Stars Great overview of the market.
I have been trading currencies for about a year and a half now, and this was a great start to get a broad picture of the FX market.

This isn’t a “dummies” step by step but it is a clear overview of trading in the currency market.

It could be written with a little more… excitement or novelty. It is a fairly clinical read. It isn’t a good comparison but triple w dot babypips dot com is a fun version of the material in this book. They are not associated but the web site is a good primer for this read (or vise versa).

The basics are all covered and that makes it worth the price.

4 Stars General Overview
This book is very true to its name, definitely for those of us who aren’t experts at trading yet. The book is filled with a general overview of the forex world and I would say that this book should be the first one any novice picks up (even before babypips).

5 Stars Getting Started in Currency Trading
I originally bought this book in February 2007 after watching an infomercial on currency trading. This book is good for anybody who wants to start currency trading but dont know where to begin. After reading it, I was hooked.Now one year leter I am trading the currency market and now I am successful at it.

This book will give you the basic knowledge and foundation of the currency market.If you are someone who is already trading and have experience then this book is not for you.

Also once you read this book read it at least two more times.

5 Stars A Book For Success
Excellent basics description for FOREX investment. Learn the principles and become a millionaire. Repetitive from other similar books but good anyway. Highly recommended.

2 Stars Riddled with errors.
I found many errors in this book, especially in chapter 8, “The Calculating Trader”, as well as some in other chapters. Unfortunately, if you don’t catch these errors, this book will only confuse you more. If you do catch them, it will just annoy you. Granted, I have the first edition of this book (2005); hopefully these errors have been corrected in the new June 2008 second edition. I gave the book 2 stars because it does have some decent overview information in it.

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Currency Trading and Intermarket Analysis How to Profit from the Shifting Currents in Global Markets Wiley Trading

As head FX strategist at CMC Markets–one of the world’s leading forex/commodity brokers–Ashraf Laidi understands the forces shaping today’s currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insights that are essential to making the most of your time within it.

User Ratings and Reviews

5 Stars Great Analysis
Great Book. The ability to think independently, and to see the outliers, not the current fads, is what makes his analysis so valuable. When is the next volume coming out!?

5 Stars Finally an original in FX
This book will be helpful to those seeking an introduction to the interrelatedness of the currency, commodity, equity and fixed income markets. The book is well written and easy to read. However, I would not suggest the book to a person with no technical, economic or financial background.

I have followed Mr. Laidi’s currency outlook for over a decade now both on TV and in print, and can honestly say that I have yet to come across another analyst with the foresight of Mr. Laidi (he called the bear market and USD collapse when the rest of Wall St. were still believing in an unending bull market).

Although many of his correlations referenced in this book are obviously backward looking, it does teach traders to take a global market perspective before narrowing down to specific currency pairs. I felt his explanation of the FED, under both Greenspan and Bernanke, really did a good job on a very difficult topic, as many traders, like myself, really don’t understand the different weapons the Fed and other central banks posses.

Equally useful and informative was his chapter on the effect of interest rates, there isn’t enough space for me to go into it, instead I will let you gather the pearls of wisdom for yourself.

Mr. Laidi finally concludes that some of the historical tendencies are currently being challenged and that only time will tell if a new relationship has emerged or if history will again be proven right. Pick up this book if you want to read the work of an original thinker at the top of his craft. Whether you trade FX or another market, I think you will benefit from Mr. Laidi’s insight.

5 Stars Very Enlightened
Finished the book and I must say I have been enlightened. I will definitely need to review it again to hammer home the concepts, but I feel like this book has given me a deeper understanding of why financial markets behave the way they do. I wish I would have read this before learning to trade spot Forex two years ago because it would have shortened the learning curve and I would have avoid many painful leassons.

5 Stars Understanding the Reasons Currencies Move
Anyone who is serious about forex needs to read this book and follow Ashraf’s analysis via ashraflaid [...]. Ashraf’s career spans all aspects of the currency markets (from assessing risk for the World Bank to analyzing bond markets) and he truly knows what makes the markets tick.

After reading and studying his material you can watch the currency markets fluctuate based on the forces that exist in the financial world (and understand why). Gold, Oil, Bonds, the Stock Markets and World Events are all catalysts for the key driver of currencies “RISK” vs. “Risk Aversion”. Ashraf explains to the reader which way the pressure moves based on these interrelated markets.

The core of this book is studying the correlations that exist in the financial markets and how they affect currency movement. Ashraf explains that these correlations come and go and that good trading is based around understanding the current set of data and the correlations prevailing. If you like politics, economics and trading then this book is a must read and re-read.

5 Stars On the money!!!
Ashraf Laidi is amazing at reading the financial markets, with an emphasis on currency markets. This book offers an easy to read and understand guide to PROFITING from trading on the forex. Also, it’s not encyclopedia-size like a lot of market analysis books, so you won’t buy it and be afraid to open it. The correlations between markets that Ashraf identifies in the book are almost unbelievable. You’ll see how he finds perfect trends between currencies and oil, gold, the VIX, interest rates, other currencies, etc., which allows for effective decision making in trading. The charts are amazing and easy to read (there are lots of them so you won’t just be looking at words), and show direct relationships to forex rates. I actually couldn’t believe that he could find almost perfect correlations (you’ll see what I mean when you look at the charts), but the man is brilliant, so I’m no longer surprised. I’m very new to currency trading and already making money, skipped the 6-month practice account some recommend. Get in now while the market is hot. I suggest you buy 2 books and read them both. Thanks for making currency trading interesting, understandable, and profitable for me Ashraf! By the way, I have absolutely no financial interest in books that Ashraf sells. I know about him from business network interviews. - All the best - Rob (New York)

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Day Trading and Swing Trading the Currency Market Technical and Fundamental Strategies to Profit from Market Moves Wiley Trading

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.

User Ratings and Reviews

5 Stars Excellent update to Kathy’s first book, a “must get” for all forex traders
Kathy’s first book on daytrading the currency markets is a landmark; this updated version expands on it by adding new content for trading news plays, how to time a turn (pivot), and following flow (institutional money flow).

Kathy’s a brilliant forex strategist and trader, and along with Boris, the two of them are great resources to learn from. Highly recommended. I’ll be telling my 8100 traders that this is a “strong buy”; all of Kathy’s training (particularly how to use correlation tables to identify strongest-paired moves) are a superb addition to any currency trader’s library.

Great job as always, Kathy!

Ken Calhoun, Pres.

DaytradingUniversity

5 Stars Must read for any FOREX Trader
Unless you are a professional financial analyst dedicating hours of research to the currency markets this book is a must read. (even if you are an analyst, you’ll want to read this book). Just buy the book, and read it, then read it again. This is some complex stuff, Kathy provides a forum to understand the FOREX market and what moves it and how to trade it. Trading strategies with entry and exit rules for long and short positions. Terrific work!

5 Stars Excellent read on Forex
As always, this was an excellent read, Kathy. I’ve been following your blog for some time and you’ve always got some information that I’ve utilized in my trading. Can’t wait for the next one!

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