Foreign-exchange-market Books

A professor has gone around interviewing currency traders and decides to write a popular book about the subject from an ethnographic standpoint. The target audience is neither academics nor traders. I would describe the target audience as laypersons wanting to learn about the foreign exchange markets, but that are not interested in trading themselves. This must be a tiny, tiny target audience

This was a very enjoyable quick book to read about the internal workings of the foreign currency exchange markets. It is not intended for FX daytraders, but traders should find it interesting. It is not intended for academics, but a grad student in a related field will likely find it to be at just the right level of abstraction (not too deep in the weeds and not too superficial). It is mainly written in the form of polished-up interviews, and the author does a great job of breathing life into the representative players he portrays for these markets. Very well done.

Robert G. Williams is a broad thinker and a very fine writer. While his books are tightly focused on political economics, they move gracefully through other diverse realms. Religion, anthropology, the arts, literature, communications technology are only a few of the subjects he walks around in. Like Michael Pollan (The Carnivore's Dilemma), he sees large organizing principles at work in things that are familiar to us all. Like John McPhee, he has an eye for character, and a talent for describing encounters with interesting people who do interesting things.

Williams' earlier books dealt with Central American agriculture, so they aimed at a somewhat specialized reader. The Money Changers should be interesting to anyone who wants to know more about how money works. And who doesn't?

The Money Changers is Williams' best book yet. It is a mature, seamless blend of high scholarship and fascinating narrative.

The full review in March 2007, CHOICE, written by Ingo Walter, an eminent scholar in the field of international finance, was helpful to me. Here are some excerpts:
"This is a nontechnical exploration into the mechanics of the foreign exchange market, which Williams (Guilford College) nicely motivates by starting with an ordinary retail transaction--an ATM withdrawal of local currency in a foreign country--and tracing it through the wholesale foreign exchange markets to show what actually happens. In doing so, the author provides an intuitive way to explore the most important and arguably the most efficient market in the world, which makes international trade, investment, and financial transfers possible......The discussion is up-to-date, and the use of dialogue makes the book very accessible to the intelligent but uninformed reader. Summing Up: Highly recommended. General readers; all levels of undergraduates." --- Ingo Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics at the Stern School of Business, New York University.

Robert G. Williams has written an entertaining and informative book about how the world currency markets work. He starts with a story about a summer trip he and some students took to Europe and the impact the fluctuations in the local currency against the dollar impacted their budget for the trip and how he was able to manage that best through smarter currency exchange.

The rest of the book has him taking us through the different aspects of currency trade, the size of the market, who the players are, the role of computers and software versus people exchanging currency on the trading floor, the various philosophies of how these markets work, and how currency exchange affects you and me even without our knowing it.

I don't know if all the conversations he discusses in the book are devices to keep what could have been a dry subject more entertaining or if he is doing some very good reporting. In the larger sense, it doesn't matter because we read the book for the information the author shares with us. That he also makes it quite readable is quite an achievement. There are a helpful number of charts, tables, and graphs. They do not get in the way and are all pretty easy to understand.

This is a very good introduction to these important and quite huge markets (bigger than you would likely guess) for the student and the interested general reader. Since the news often talks about the movements of currency and how this or that is over or undervalued, you might want to bolster your own understanding of what is really going on rather than the vague arm waving of the journalists.

This interesting book is a great place to start.

Great book with very detailed examples on the relationship between different fixed income instruments. My only complaint (and it is a very minor one) is lack of problems at the end of each chapter to help solidify the concepts. Otherwise, an excellent book.

This is a very practical book with detailed examples to help reader with the basic concept and Eurodollar Futures and Options. Very useful for beginners in this field. The last half of the book is dealing with more advanced topic more suitable for fix incoming researchers.

Having just finished reading the author's treatment of bond futures in the 'Treasury Bond Basis,' I was happy to see that Burghardt was updating some of his material from the early 1990s on Eurodollar futures. The 'Bond Basis' was an excellent and thorough analysis, and 'The Eurodollar Futures and Options Handbook' follows the same trend.

He provides an excellent overview of the institutional details of Eurodollars and their uses. The book is at its strongest when dealing with issues of the convexity bias and also scores high by not neglecting important issues like the stub period. Perhaps my favorite chapter was on callable bonds and the extension/compression risk, which, while a little misplaced in a book on Eurodlllars, still provided a very lucid explanation of the relevant issues.

With regard to options, the author touches upon some of the interest strategic combinations using serial and mid-curve options, but I feel that he could've delved a bit deeper in this part of the book. It's the only area in which I felt the book was somewhat lacking.

Having said all that, if you're looking to learn about Eurodollar futures, I can't imagine there's a better book out there. This is an excellent compilation of a number of Burghardt's research from the 1990s together with more recent updates. Even if Eurodollars are not your main area of expertise, this book will still help you to gain a more solid understanding of many of the pertinent topics in fixed income.

Clearly the best book on Eurodollar futures and options. The book is a must for anyone involved in fixed income securities.

Having just finished reading the author's treatment of bond futures in the 'Treasury Bond Basis,' I was happy to see that Burghardt was updating some of his material from the early 1990s on Eurodollar futures. The 'Bond Basis' was an excellent and thorough analysis, and 'The Eurodollar Futures and Options Handbook' follows the same trend.

He provides an excellent overview of the institutional details of Eurodollars and their uses. The book is at its strongest when dealing with issues of the convexity bias and also scores high by not neglecting important issues like the stub period. Perhaps my favorite chapter was on callable bonds and the extension/compression risk, which, while a little misplaced in a book on Eurodollars, still provided a very lucid explanation of the relevant issues.

With regard to options, the author touches upon some of the interest strategic combinations using serial and mid-curve options, but I feel that he could've delved a bit deeper in this part of the book. It's the only area in which I felt the book was somewhat lacking.

Having said all that, if you're looking to learn about Eurodollar futures, I can't imagine there's a better book out there. This is an excellent compilation of a number of Burghardt's research from the 1990s together with more recent updates. Even if Eurodollars are not your main area of expertise, this book will still help you to gain a more solid understanding of many of the pertinent topics in fixed income.

At the outset, let me say that I am definitely at the beginner level with regard to the trading of currencies on forex, but I do feel that I learned a lot after reading this book.

The most important lesson that I took away is that the novice trader needs to spend a heck of a lot of time trying different strategies risking very small amounts of money before before diving in and putting significant amounts at risk. Although there is nothing wrong with learning to trade with a practice account, the authors says that you shouldn't begin with a practice account holding $50,000 or more and then trying to trade $100,000 lots using large amounts of leverage, even if you might be fortunate to have that much money with which to fund your initial real account.

Prior to reading this book I would have assumed that I would always be trying to earn at least 50 or more pips a trade, however this author teaches that there is nothing wrong with simply trying to get a string of wins of only 10 pips at a time until you have a solid record of consistency that would justify going for larger returns. As a novice, I will certainly take his advice to heart and would recommend this book to anyone else who is not already a veteran currency trader.

I have purchased and read most of the recent books related to Trading Forex. I would place Abe Cofnas' newly released "The Forex Trading Course: A Self-Study Guide to Becoming a Successful Currency Trader" at the top of the list of books to purchase. The author covers the basics of trading: Fundamentals and Technical Analysis in a very in-depth level. However, I feel what sets this book apart from others are discussions of Advanced Strategies (e.g., Renko scalp setup and Pattern Recognition).

This book is a Must Read!

John Echternacht

Nothing new or great here. If your just getting started this book will help with the basics. The part about system development is very sparse (essentially just says use ms excel for backtesting). Overall I felt fleeced paying retail for this at B&N.

For those of you, like me, who actually want to learn to trade forex and don't know where to start, this is the book to buy. I reviewed lots of others, was disappointed that they either spent most of the book shilling a particular book/system/company, or else they gave a high-level overview of everything in the forex universe, but not much in the way of how-to's. This book's different. The first part explains how/which economic factors affect currency markets; the next section tells you about technical analysis and which/why/how to use it, and also talks a little about strategies. The third part is called "Putting It Together" -- here's where this book really stands out: he explains how to get started, how to do test trades, how to gauge your results, putting on different kinds of trades so that you can compare which worked better, etc. etc. Included is a spreadsheet following one trader's journey from inept beginner to knowledgeable forex trader. He talks about how to trade different size accounts. He talks about determining your trading style and best strategies to use whichever style you select. Note that each subject area is explained with enough detail that you can get started, right now, as you read. But if you want more information (as do I), he tells you where to look. This book is just great. I highly recommend it.

This is a great book. It filled in a lot of the missing info that new forex traders are missing in their everyday trading. This book has a nice mix of technical and the fundimentals that are missing in a lot of other author's books. This book should be in every new trader's library.

Although the foreign exchange market is the world's largest financial market, this book will prove valuable to traders or behavioral finance scholars involved with any financial market. Oberlechner brings the perspective of a clinical psychologist/anthropologist to observe this arena of human chaos and madness. Paradoxes that confound at first, seem clearer when viewed from his lens.

For the practical-minded reader interested in financial trading, this book will hold up a mirror to help examine yourself. Much of trading, after all, is psychology! As one expert points out in this book, "traders don't just bring their money to the market, they also bring themselves!" It is chilling to read, for instance, about how market trends may just be held up by rumor. How traders use metaphors to make sense of the vast markets (eg, using likening it to warzone or to a lover or to a bazaar or to a casino, etc), is also discussed and may help sort out your own mental algorithms for simplifying financial decision-making:

But if financial markets are full of chaos and madness, human nature, when seen and understood through the social scientist's perspective is a constant. Oberlechner compares the behavior of today's traders to human behavior from prior periods: not just the tulip mania bubble but also primitive tribes. E.g., on one island, fishermen exposed to the perils of the open sea exhibited far more superstitious beliefs than those in calmer waters. Does that seem reminiscent of the belief systems of gamblers and traders compared to staid bankers? Perhaps the practical trader may get hints from reading this about how to tame the human beast within to make profits.

Academicians will benefit from the treasure of citations to relevant psychological and behavioral finance literature. Not to imply in the least that this is a dry tome! In fact, the book reads very well, combining logic with poetic flow: I found it hard to put down the book and found myself taking it with me on the subway. You can tell this is someone who has observed the market participants and isn't just an ivy tower academician.

This book is valuable to any person trading any market. It enforces the thought that you bring yourself to the market, be it currencies, futures, stocks, or bonds. A person is the product of their environment, culture, parents, education and experiences which influences their perception of the markets. It is very difficult to observe what the market is doing without observing what it is doing to you. All markets are a mind game.

I am a veteran forex dealer and in-house trainer of our dealers; this book is required reading. From the opening quote in the introduction of the book you are introduced to the concept that "psychology" is everything in dealing. Believe it! Though the book provides no canned solutions to dealing, it does give you the essential foundations to begin to build your own dealing models.

If you are interested in the result of a survey done through over 300 FX traders in 5 countries or over 200 bibliographies for your own thesis, you will be absolutely delighted. If you want to sharpen your trading edge or simply to have fun (like what Fiasco, Pit Bull, Liar's Poker and Wall Street Meat do), you will be very disappointed.

I would like to give you an example. In page 154 the author listed a table of importance ratings of successful trader characteristics (n=291, 1=unimportant, 4=very important) of 23 items ranging from Quick Reaction Time (mean=3.71, sd=0.50) & Discipline (mean=3.65, sd=0.55) to Computer Literacy (mean=2.54, sd=0.78) & Social Skills (mean=2.52, sd=0.74). Some might find it helpful. As a veteran pro FX trader and trading book lover who read to sharpen my edge in one of the most competitive market, I dont.

Perhaps the author had just tried too hard to post the findings of his survey into a book that the chapters and thus content are quite disoriented (I strongly suggest you to take a look of the content page available on Amazon). Sorry to say that there are plenty of much better trading psychology books in the market (though not dedicated to FX, but still relevant and applicable). IMHO, "Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing" by Hersh Shefrin and "The psychology of Finance by Lars Tvede" should be better choices.

p.s. I had overlooked the fact that the two five star reviews (this should be the third review of this book) were written by two one-review-only readers. Shame on me!

Non ho avuto il piacere di leggere il libro ma il nome dell'autore mi piaceva tantissimo...... è il mio (omonimia) Giorgio Questa

I had the pleasure of having Mr. Questa as a guest lecuturer in a Fixed Income class. This book was used as the text, prior to its publication. The book is a great intro-intermediate fixed income book. It also covers the advanced stochastic models well. It is one of few books that also integrates the foreign exchange market into the analysis. In a few areas the book is difficult to follow however after a careful re-reading it sinks in.

There seems to be a lot of forex books out there. When some people want to get rich on forex others exploit the opportunity by selling books the traders. This is such a book.

The book deals with both technical and fundamental analysis. Both parts are covered on a very superficial level. That is what happens if everything is included in one fairly slim book.

The book contains some bits of information, because the author seems to be knowledgable. But the overall impression is not very strong. This might be a decent book if you knew absolutely nothing about forex. But then again, with the Internet around you don't need a book like this one.

I found that this book was great for somebody getting into Forex Trading from day trading with equities. However, I would not suggest this book for beginners. I loved the history of Forex, and the book was great in terms of advice although she does often use terminology with no explanation of what it is e.g. nonfarm payrolls. If you want a book that moves slowly, this is also not a good choice. Do read this book with a good forex dictionary or access to the internet as you will need to look stuff up. Overall I liked this book alot as it was my first Forex book but I have read tons of books on stock and options trading. Best part is, that with the bear market now Forex trading is a much better option.

This book was the first one I purchased about currency trading.
In short, this is the most useless book I've ever read. It does not teach the reader anything on this subject. 5% of useful info that's in the book one can grab from the web. Really, it's just a waste of money. And the price for this book is just outrageous. I'm planning to donate mine to the local library.

In my search for good FX trading books, I found no good book yet, and this book is no exception. This book is poorly written, has no consistent flow, and it does not lead the reader anywhere. Just few areas I found somewhat interesting like correlation between pairs, and volatility as a function of time of the day, and that is why I gave it a rating of 2. Otherwise, 1 will be enough. Someday someone may write a good FX trading book that really respects the intelligence of the reader. Not all FX retail traders are losers!

I just finished reading this book and after reading more than a dozen of books on forex and day trading I must say the book is a waste of money. Most of the topics in the book are covered superficially and the few trading strategies presented are poorly documented and contain errors.

As a professional in the investment business I highly recommend this book. I will sum it up in a few words. A book that all CEOs, World Leaders and anyone serious about understanding the positioning of the United States in the decades to come. A fascinating book written by an intriguing person, the combination equals a must read.

1. The Chinese saving and investment rate exceeds 35 percent among its 1.3 billion people.

2. There is room for upward growth in Chinese industry, including power and energy, tourism and media, agriculture, infrastructure, and high tech.

3. American Depositary Receipts is a way for Americans to invest in China.

4. Changes in regulation, reduction of tariffs, and the promise of greater market access for foreign first are beginning to shape competition in fields like banking, media, and telecommunications.

5. Commodities will be a way to profit from China's expansion. Owing a piece of the things that china's hot economy simply can't do without guarantees less need to worry about governments, management, or pension funds.

6. In 2006, China attracted $70 billion in foreign investment and brought their foreign currency reserves about $1.3 trillion.

7. Do you want to profit from increased purchasing power of the biggest middle class the world has ever seen?

8. Huawei Technologies sold 1.5 million notebooks in 2006.

9. Lenovo Group (LNVGY) caters to 160 countries and 2006 revenues reached $1.3 billion

10. China Spacesat (SHA) has increased orders for smaller satellites.

11. Shanghai Aerospace Automobile Electromechanical engages in military and civilian work, makes satellite-data-receiving equipment, auto parts, battery panels, and solar battery panels.

12. 2006, there are 137 million internet user in China and 76% have high speed internet. There are eighty million bloggers. Shanda Interactive Entertainment (SNDA) claims 2.29 million active accounts.

13. China has a baseball league, the CBL, Basketball (CBA), football (CSL).

14. 2006, China had sixty million credit card owners. 2009, the banks break even and by 2013, they are $1.3 billion in the black.

15. 2006, there were 440 million mobile phone services and another 48 million expect to join by 2007. China Mobile is the largest cell phone operator with 300 million subscribers.

16. Keeping holdings in the Chinese Yuan, or renminbi, may be a relatively safe way to hitch an upward ride on China's growth.

17. It is reasonable to expect a 300 to 500 percent rise against the debt ridden US dollar over the next twenty years.

18. In 2005, there were an estimated 510,000 public disputes across China, a sign that some forms of protests are being allowed. Will the turmoil rise to the point where it would seriously affect the business and investment climate?

19. Three reason why China's economy will flourish: a. rural dwellers replenishing aging labor b. corruption is comparable to Asian tigers c. foreign companies will invest to solve China's environmental problems.

20. There are 110 million Chinese carriers of hepatitis B and C.

21. Will China float its currency freely. The yuan levels against the dollar are increasingly strong. Will the higher valuations on the yuan cripple Chinese exports? Foreign investment and Chinese innovation should sustain demand for higher quality Chinese products, a similar cycle that the Japanese import/export cycle experienced in the 70s/80s/90s.

22. Is China heading for a "hard landing" as the Chinese government struggles to control growth. China's growth may not be strongly tied to US economics. In 1997, during the Asian financial crisis, China's market soared 38 percent. In 2000, as the US internet bubble burst, China's economy surged forward 49 percent. The US imports are not the only influence in China. Much of China's growth has been internal and stimulated by domestic demand. Because China is a country with high savings, a stock crash won't have the same impact on capital for expansion. Chinese companies have plenty of places other than the stock market for cash.

23. 2006, sixty-five million investment accounts or 10 percent of the population of China, grow from nothing.

24. What are the biggest challenges facing China? Excess liquidity, balooning credit, an asset boom and over-investment in loss-making heavy industries. All factors in Japan's downturn through the 80s.

25. In 2006, China produced 50 percent of the cameras, 30 percent of the worlds air conditioners, and 40 percent of the microwaves sold in Europe.

26. In 2005, 98 percent of villages were electrified and the second largest consumer of electricity in the world. By the end of the 1990s, the Chinese central government controlled less than 50 percent of the power production. The Big five include China Datang Corp, China Power Investment Corp, China Huaneng Group, China Guodian Corp, and China Huadian Corp.

27. China needs $2 trillion in electricity infrastructure between 2001 and 2030. In China, coal accounts for 70% of the electricity capacity. In 2007, China became a net importer of Coal.

28. China will reach US oil consumption of 20 million barrels a day within twenty years. China imports 3.5 million barrel/day of oil. Chinese oil refineries are among the best-managed enterprises. Due to price control, China ranks with the US among the countries with the lowest gas prices. The Chinese governments have been will to let gas prices rise to regulate use and allow Chinese oil companies to stay profitable. Chinese oil companies boost exports of diesel to take advantage of better prices on the world market.

29. The Chinese government plans on spending $200 billion on renewable energy.

30. China ranks number one in world farm output. China has a rural population of 940 million. China's farm production remains relatively unproductive. A single US farm hand works 140 acres and is 200 times more productive than his Chinese counterpart, who works one acre. China plans on a $42 billion investment in agrarian infrastructure: more efficient irrigation systems, retail markets, and e-commerce.

31. Between 2000 and 2004, China jumped from nineth to fourth in world agricultural exports by emphasizing products they have a comparative advantage: a half pound peach, fuji apples, Chinese Walnuts, mushrooms, garlic, Christmas trees, Mandrin Oranges, and strawberries.

I agree with Jim Rogers. China is way too important for investors to ignore. China is growing fast and they are here to stay and perhaps are on their way to become the next great world power. But I found Rogers' book very flimsy. If you are unfamiliar with the changes in China, there are many other better books that can help you to better understand the changes. If you already know about these changes, then this book adds hardly anything. Book is also poorly organized. One minute he can be talking about the different dynasties or the cultural revolution, the next minute he talks about the newest companies in different industries.

From an investor's perspective, it gives you some information about various companies and types of shares (ie: A shares, H shares, etc.). There is no depth though. There are lists of companies in various industries, but Rogers provides hardly any information. He also does not teach you how to find out more about these companies and regulations that might affect investors. For example there are no answers to important questions like: Does China have anything analogous to SEC, GAAP? Where can we get financial statements on companies listed in Shanghai stock exchange? What is executive compensation like? Etc.

If you are thinking about investing in China then it is important to understand their culture, politics and recent business environment and Rogers tries to provide readers with some basic material here, but the lack of depth or new insights make this book not worthwhile. Here are some other books that I recommend:

China Wakes (a little outdated but still very important)
China Road
Wild Swans

Anytime someone makes you a lot of money, you tend to become a fan. And so I am a fan of Jim Rogers. I believe this man makes a lot of sense when he talks economics. I learned this by reading his earlier books about driving around the world. He admits to being a lousy trader. But he is great at looking at the big picture and investing according.

He made me money with an earlier book, Hot Commodities, which I had for four years before I invested in commodities. If I had invested when I first read the book, I would be retired 2 or 3 times over. Even though commodities have taken a huge tumble lately the bull market is not over yet and they will make me more money.

But this book is about the money that can be made in China. If you watched the 2008 Olympics you saw a new China. The reports from China are amazing. The growth, the production, the consumption, and everything about China is not just super-sized, it's gigantic-sized. With three stock exchanges, close to double digit GDP growth every year, and the largest financial reserves, there is plenty of opportunity here.

I am writing this review to help you decide if you should buy this book or not. I hope this review helps. If you want to read more of my reviews of stock trading and investment book, you can get them at www.thetradingtipster.com.

Another reviewer has already painstakingly detailed the book chapter by chapter. My takeaway is that if you are looking for places to invest, then get this book. It explains why China is growing and why it will continue to grow. This book also breaks down all the sectors of the economy. Everything from travel to agriculture to the Chinese space program is discusses and dissected in easy to understand language. Dozens of companies are also listed with brief descriptions of each. The descriptions are good because you get a sense of what if happening in China, but for the average American investor most of these companies cannot be invested in.

But even if you only focus on Chinese companies listed on NYSE and NASDAQ or get into the Chinese Market ETF (FXI) you can still make a nice long term gain. The author stresses that investing in China is a long term process with ups and many downs along the way. He does not recommend any company in the book, he only mentions them to give the reader a broad understanding.

If you want to know what's going on in China and profit from it, from a man who knows how to make money, this book is a great place to start. It opened my eyes to China when I first read it and am patiently waiting for an opportunity to invest in the largest bull market of our lifetime. The author compares China to the Wild West of America. Lots of money to be made, but you have to be careful.

By looking at the trends in the US market and what is going on around the world, it makes sense to reason that investments for the next few decades will probably get a higher return in places like China than in the US. Even if you don't agree with me on this point, you will probably agree that diversifying by investing in China is not a bad idea. And if you believe that then this book will help.

As a big Jim Rogers fan, I am amazed to find myself giving his book a 1 star rating. While his first 3 books were excellent, this book should never have been published.

The book gives a cursory rehash of the "China is the next great super power" argument (which I believe is true) and then just gives long lists of random Chinese stocks with short and shallow rambles in between stock lists.

The book makes it clear that the listed stocks are not recommended stocks, just a long list of all the Chinese stocks that the author could come up with. It's obvious that no research was done on the stocks listed and most have no more than 1 paragraph on them describing what they do.

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.

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.

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.

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).

After reading a ton of books, finally one that is really helpful in making a good foundation for you trading habits.
This book gives a lot of basic information about Forex (useful to those like me who wants to know everything about), good hints about risk and money management.
But if you want to study seriously, a must is the second title of the author Getting Started in Forex Trading Strategies (Getting Started In.....)

I consider this a good Forex book, well rounded mentions strategies and important indicators. Warnings against too much margin. And it is not day trading like "Currency Trading for Dummies", this one is longer term. For some strange reason other Forex books won't mention any online brokerage houses, but this one will mention ten. You might want to get another currency book to comppliment this one, but not "Currency Trading for Dummies" (this one assumes you will be day trading and does not mention any brokerage houses except the ones the authors belong to.)

If you're a relative newbie to Forex, this book will introduce you to the fast paced foreign exchange market. It glosses over many different subjects, not really going into great detail but providing just enough information for the novice to learn some new things. It covers basics like how some currencies are tied to commodities like gold and oil, and the basics of technical analysis. If you know what "Bid" and "Ask" are and what a "pip" is and are looking to learn from there, this book will be a good building block in your trading library.

If you want to really understand the forces behind the market, this book is a must for you, especially, if your knowledge is limited regarding the fundamental analysis.
The authors beautifully described how different economic indicators- such as oil, inflation...etc affect the market.
Technical analysis in this book is limited, however, it still very effective!
I recommend this book for every beginner and every good technical-based forex trader, who wants to finally understands the fundamental analysis

These guys are a waste of time if you want direct and straight info on what the forex market is about. It is a bad book for a newbie... Instead I advice you go online (babypips dot com) and learn.

It's an OK book if you want to know:
1. History of Forex
2. Some fundamental Analysis (e.g. what happens to US dollars when oil goes up)

If you get it, don't waste your time reading it cover to cover, get the info (history of forex, and fundamental analysis in my opinion) you want and skip over pages trying to get you affiliated with organizations they are involved with (e.g. invest tools and some other charting reference they put in the book)

Two summers ago, I attended a 4-day hands-on workshop on currency trading at the Investools headquarters. Profiting With Forex was just about to be published. John Jagerson dropped in on our class one day and I had the pleasure of speaking with him, briefly. What struck me was how he is truly interested in helping others learn the forex world.

The book itself reflects this. It is an easy read and, yet, contains all the information you need to begin trading. From terminology, money management, fundamental and technical analysis, and everything in between - it's all there.

I especially enjoy their discussion of how world economic events effect the forex markets.

While I am always studying other materials, I refer to Profiting with Forex the most.

John and Wade continue to educate through their website, [...] . I am constantly learning from these guys.

Having always been intrigued by the FX market but also having never traded a day in my life I bought this book and his other with the intent of learning the basics. I wanted to get an overall view of wha the FX was and how I could trade in it. I believe it has done what I wanted and helped me to greatly understand the MANY different aspects of trading. I would say that it covers the basic aspects while only slightly delving deeper into some of the more complex issues. I believe one of the greatest things about this book is that it has helped me to figure out which directions I need to pursue as well as which I don't. I have read some other comments on this book and am rather appalled that people actually take the time to make negative and unsubstantiated claims about the author, his knowledge and experience. If you are disattisfied with the book, state your reasons why and perhaps make a constructive recommendation. Otherwise, all you're doing is wasting my time. This book is probably not for someone who is experienced and has a fair command of their trading. For someone who is looking for a clear, concise discourse on the basics this is definitely the book for you.

As a Foreign Currency Dealer, I was NOT helped from this book at all! Actually the title is misleading since he does NOT concentrate on FX, he only shows some graph examples using FX crosses instead of stocks... The author just refers to a lot of TA indicators only reviewing their typical Buy and Sell signals that are written in every TA book, and furthermore the sections are very bad structured. Really very very disappointed!!!

If this book is very bad, I am glad to learn it from people who consider themselves knowledgeable and who have read it. But should it be possible for such critics to propose another reference which they appreciated the content. It would be much more instructive for readers who are shopping for quality books.

I haven't completed the book but if I never read another page it's well worth what I payed compared to some prices of other simular books on the market. I don't know what the initial cost was, but those who wrote the unfavorable reviews should have waited to purchase. Maybe they would have been more positive.

This is a very good book. If you want to start trading currency online (like me) you must read this book first.