Foreign-currency Books

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!?

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.

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!

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

"The Politics of Heroin in Southeast Asia" is abrilliant, riveting and invaluable expose that details the CIA's involvement in drug-running. Through McCoy's analysis, one can follow the CIA's drug-running trail from right after WWII, through the French Connection in Marseilles, to the golden triangle in Laos and Burma and on into Afghanistan.

"The Politics of Heroin in Southeast Asia" reveals the purpose behind the CIA's incolvement in drugs: at least since 1954 in Guatemala, the US has been involved in massive international terrorism throughout Central America. being clandestine, the CIA needed untraceable money and brutal thugs, so the CIA turned to narco-traffickers - like Manuel Noriega (long on the CIA payroll before his demise).

"The Politics of Heroin in Southeast Asia" remains one of the more important, relevant (in light of US involvement in the euphamism called a drug war in Columbia) yet obscure books of the previous quarter-century - a book that ultimately posits the question of whether the CIA, as an instrument of state policy, reflects the values of the American populace. Fascinating reading.

This in-depth academic study researches the central role that opium plays in the economy, politics, and wars of the region. It follows the trial from the highlands of Laos, where the opium is grown and harvested by the Hmong tribespeople, to the Golden Triangle, where it is refined into heroin. Published in 1972, this was the first printed account of the USA's massive engagement in a "secret" war in Laos. It documented the use of CIA helicopters to bring Laotian opium to market in Vietnam (where, ironically, it was sold to addicted US soldiers.) This was done to finance weapons for the army of Hmong highlanders, being led by CIA "advisors", who were fighting the Laotian communists.

There was only one edition of this book; immediately after its first printing, the entire publisher was bought by the U.S. government, and all warehoused copies were destroyed. However, with a bit of luck it can still be found in used bookstores.

About 3 years ago I purchased an e-book from Jeff, and never looked back. His ideas turned me into a successful trader. If you have any desire to get involved in forex trading you must read his book and pay attention to his money management ideas.

I could write several paragraphs describing how I feel about his writings. Do yourself a favor and read it.

Good luck with your trading HH

I had read several books on the subject before seeing Jeff Glenellis' book. And I had spent the better part of a year trying to trade Foreign Currency Exchange (Forex) unsuccessully. There are many successful traders using any number of trading methods, and many of them offer books about it. But none ever offered to TEACH me their methods (even some to whom I paid significant sums of money) the way Jeff G does in his book.

I bought this book in an earlier revision, about a year ago (before it was available thru Amazon). So I have already become proftable using what he teaches in it. Jeff G presents several very concise trading methods in easy-to-follow language. He is also the only one I ever saw present an actual profit progression from compounding, where he has actually worked the plan and compounded a small initial startup into a significant sum of money.

But more important than any method, he teaches a great deal on how to properly manage the money in your trading account, to protect your capital. If you start with $5000 in your forex broker account, yet you wipe it all away in a few losses, you lose. But with a good method, the right money management of your trading capital, some consistent work and a little old-fashioned discipline, you can start with as little as $200, and compound it all the way to $1M in less than three years -- while drawing out an ever-increasing income every week along the way.

Further, many people "bait" you with an intial book, but once you buy it, then they start to bombard you with more stuff they have to sell, that has the "deluxe" or "really great" information. And once you buy that, they then proceed to offer you the "super-secret" stuff, and so on. Or they "bait" you with the inexpensive book, and then want to sell you thousands of dollars worth of "mentoring" (that turns out to be from people who don't even do what they're teaching). Jeff G has done none of that. Since I bought his book originally he has NEVER offered to sell me ANYTHING else extra. All the goods are in the one book.

And as to "mentoring", for those who are interested, there is a one-time membership fee (of less than $100) to join his on-going service. Anyone can talk to him personally in the members-only room on most trading days. He actually does what he is teaching, does it most every day, and any member who wishes may join him there.

And even then, he has never asked for even one penny for anything else extra.

For those who wish to learn to trade the Forex successfully, I've never seen anything better at any price.

In Controlling Currency Mismatches In Emerging Markets, Morris Goldstein (Dennis Weatherstone Senior Fellow at IIE) and Philip Turner (Head of the Secretariat Group in the Monetary and Economics Department, Bank for International Settlements) collaborate in revealing and dealing with past and present weaknesses in economic policies and institutions in contemporary and emerging markets around the globe. But more than a simply litany of flawed policies and economic ills, the authors present an effective and practical plan of action to control currency mismatches through a managed floating currency regime, an inflation targeting regime for monetary policy, regular publication of data on currency mismatches at the sectoral and economy wide levels, stepped up supervision and monitoring of currency mismatches in banks and in the loan customers, changes in official safety nets and in IMF policy conditionality, implementation of more prudent debt and reserve management policies in emerging economies, and a higher priority with respect to developing domestic bond markets, hedging instruments, and reduced barriers respecting foreign-owned banks within emerging economies. Informed and informative, Controlling Currency Mismatches In Emerging Markets is a sold work of seminal research and strongly recommended reading for policy makers with respect to international economic issues.

In his book, Mr. Ira Kawaller covers an amazing range of topics from risk managemant to stock options. I have never read a book so incredibly exciting in all of my life. Mr. Kawaller knows how to display the facts, provide informative facts, and decorate it all with a wit and charm that thrives in his book. "Financial Futures and Options" is THE book for risk management lovers everywhere. This book inspired me to change my career choices. After reading "Futures" (in one sitting!) I knew that prostitution and drug dealing was just not for me. I am now an economist making over $600,000 a year and loving it. Thank you, Mr. Kawaller. You turned my life around. (From what everyone is saying, I believe Mr. Kawaller now runs his own business called Kawaller & Company in Brooklyn, NY. If you ever need help financially, Mr. Kawaller will personally see to it that you get back on track. After all, risk can be managed if it is faced in a disciplined way. Ignore it and you face disaster. E-mail Kawaller and Company at kawaller@idt.net and good luck!)

This book is essential reading on the Asian financial crisis. It contains a judicious overview of alternative interpretations of the origins of the crisis. It then uses a computable general equilibrium model to analyze the impact of the crisis on different regions of the world, with special emphasis on the United States.

foreign exchange rate ris

I have the original Edition . It is a wonderful book to understand the basis of Economy. It is a Classic¡¡¡ ( The first Edition)

Compiled and edited by David Boyle (Senior Associate, New Economics Foundation, London, England), The Money Changers: Currency Reform From Aristotle To E-Cash is an anthology of expert essays by respected authors spanning a history of money ranging from 350 BC down to the modern day. Special focus is provided concerning the foibles, difficulties, and challenges facing currency systems. From the problems that arise from too much or too little money wreaking havoc on the economy, to the mind-boggling possibilities of electronic commerce and e-cach, The Money Changers is a fascinating wealth of economic insight, gleaned from great names through the centuries including J M Keynes, Benjamin Franklin, Andrew Jackson, Aristotle, Marco Polo, B F Skinner and much more. Highly recommended for both academia and non-specialist general readers with an interest in economics.