Foreign-exchange-market Books

Is a very good introduction for a Foreign Exchange Market. Specially in futures markets

Hidden Markov Models have come into vogue in recent years in various fields. Notably automatic speech recognition. An HMM is useful in a Bayesian context, where you have to work back from some observations to discern an underlying probability model that is supposedly generating those observations. Often in the presence of noise. Well, it turns out that this general description can also be applied to financial models, which is the book's subject.

Various specific models are tackled. Including the seminal Black-Scholes, where the security market is modelled as a Markov modulated Brownian. Typically, the maths in the book uses sophisticated probabilistic analysis and often assuming Markov processes. As an aside, if your field is electrical engineering or information theory, where you might have used Markov processes, then your background should suffice if you want to migrate to finance. It's not that different, at a certain conceptual level.

The book could be improved by the addition of an index.

I am a PhD economist who wanted a refresher course in the basic of international macro. This book is extremely well-written. There is some math (calculus is in appendixes), but only that which meshes well with the text. This is some, but not a great deal, of reference to materials from the last one or two decades. It is not designed to help anyone identify research topics or conduct empirical work. On the other hand, it efficiently conveys the key concepts in the field.

firs of all i would pay to thank to the author of the book and then i would say that i am really impressed by the mind of the author any person can get knowldege from the endeavor of the author

not what I expected. just provides basic info, useless for those looking for applicable trading strategies..

If you are looking for good Forex book...well...keep searching. Poor English aside, the techniques & strategies in this book are doubtful for me.

While not an expert, I will NEVER dare to put real money on line using the "Igork method". Using this method, I manage to blow out my practice account 4 times before to finally give up.

There is useful information in this book, but the poor English will give you a hard time, even if you are native English speaker.


Hopefully, there are much better Forex books, so keep searching. I wouldn't like someone to think that I am promoting specific book or author; therefore I will not give any book titles here.

The english in this book makes its hard to read. The strategies depicted in this book are common. I was expecting more trade management and RRR stuff in this book from the title "Beat the odds", but none of these stuff appears in the book.

Final part of book is useful particularly to forex. Providing many strategies base on the volume of the market during different time periods.

Overall better than some of other forex trading books which provides nothing more than an overall of the forex market and some standard trading strategies.

I am from Indonesia, I cannot understand if someone could rate this book at low level, for me, this book is worth more than 5 stars.
I am intraday forex trader and I really benefit so much from this book, boost my performance at incredible pace.
Igor explain in very good english about the subject, and this book is really a guidance, when I read it, i feel like i'm in the course with Igor Toshchakov as my private mentor.
It covers everything you need to know to be a very good trader.
I Thank's Igor for writing such a practical and useful book.
I've taken many courses, bought many books on this subject from Amazon and other stores. This one is the best. Highly recommended

Most probable price direction reflected by certain price pattern is explained in this book. Give me new insights. This book is not for the forex newbies, some basic forex trading knowledge is needed.

great book that does not leave anything out! i use it more as a reference than a read, though..it's looong!

The book contains a lot of undigested info on trading in currency markets, failing to explain much of the things it illustrates.

The structure is good, topics are comprehensive, style is concise.

The problems,

The book seems did not proof read carefully. There are many typos, very confusing.

Especially in the second part, which is about technical analysis, it does not explain details when they are needed. And it lacks proper explanations for figures. Some figures do not match patterns he described.

This guy, Luca, seems to be famous. He is maybe good at trading himself and he is able to write a good book, but he just did not put himself into it.

This book turned out to be quite different from what I was expecting. By the cover, I thought it would be about finding a brokerage account, and then getting set up to trade away. To my surprise it was more of an educational textbook than a "do it yourself" guide for individual investors.

However, this book contains a lot of interesting information about foreign exchange and how it works. It discusses the history of foreign exchange, factors that influence it, terminologies used by traders, and the different means that currency is traded. The primary focus is the multimillion-dollar trades put forth by large firms. It serves as a good reference and a good supplement to other readings about finance/economics in general. Since it covers a wide range of topics and somewhat glosses over them quickly, I suggest reinforcing with other more specific books on economics.

The good points are that it contains much useful information for educating yourself in the foreign exchange area. The downside is that it is not a practical guide for people interested in getting their dollars converted to Euros by this evening.

Luca has written what is essentially a text book for the foreign exchange market. That is good in that he provides a survey of the market, its history, how it works, etc. If you want to learn about the market, this book contains the information you desire. It reads like a textbook, though. If you want something to help you actually trade the market, look elsewhere.

I will sum this up by simply saying this book is the beginning of the journey. It is for beginners and those that need more education on technicals.

So many people use indicators but few really understand proper implementation.

*******
*******BEWARE the scum bags and con artists that post their website details in their reviews , etc.

Forex market is the largest financial market today.This book is focused on technical analysis and while it has chapters on setups and on trend following ideas it still is far beyond what is a holy grail in forex market trading.
Overall a good but not great book,not for beginners but for intermediary levels in forex trading.
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I was pleasantly surprised. I expected classic views, as state in the title, but in fact it has lots of specific info about forex trading and mechanics. I even liked the parts not related to TA more than that dealing with classic TA.

A good book if you are looking to day trade for longer term trading there are better resources. Boris has an aggressive style of trading with a propensity for damage control through positional reversal, it makes for an exciting day!

You have to wait till chapter 10 before you see something unique to the book. The other chapters are spent talking about what you can read up on most forex websites. The last two chapters 9&10 are spent on know thy self, analysis, setups and strategy. The setups/analysis is mainly based on bollinger bands. Not exactly keen on Bollinger bands, so my interest was nil. If you are a complete beginner to forex, this book may be useful..maybe.

COMPLETELY USELESS AND UTTER NONSENSE!!! DO NOT BUY THIS BOOK!!!
Just make sure you take a look what's inside before you make the purchase!!
Chapter 3, Self empowerment via trading software??? The author begins by saying that there is no software out there that can make you a reliable profit... then on the next page he says you should invest in his MTI trading package which isn't cheap because investing in cheap software just does not work. Furthermore he contradicts this notion by saying that people who can create such software might as well sell it to a bank for millions, why bother selling it to small individual investors???
Terrible, terrible book. Let's just say if you buy this book you might as well be paying for an advertisement for his trading software.
If you are still not convinced that the book is 220 pages of a money making scam together with his software, read the back of the book and see who has written reviews... An insignificant person named Larry Pesavento, who probably does not even exist and Stephen R. Covey, who does not even comment about the content but rather the authors "great" character. Finally go look at the author's background... nothing spectacular at all. Just some average scam artist trying to get rich from teaching people how to make money on the currency exchange by reading better books out there and teaching himself. I hope you aren't the one getting being scammed by this idiot.
This book is going back to where it came from and hopefully back to the author himself. He might as well be giving the book out for free had he intended the book to sell his software.

You won't be disappointed in The 10 Essentials of Forex Trading. I've read it from front to back and find it the perfect learning tool. It has really helped me put Forex Trading into a good perspective. I was attracted by the title of 10 essentials and wanted a good reference book. It is easy to follow and makes the Forex learning experience easier to understand. I'm ready to put what I've learned to work. So should you. Highly recommended.

I would recommend this book for sure. Yes, it is simple but that is the whole problem with the forex market and why 90% or higher do not know how to trade. There are so many "systems" and folks are confused. He shows how to trade with a high probability in this book but it's his personal testimony that I identified with most. It got me headed in the right direction by pointing out that I must use discipline or NO system will work. This is not the only information you need to learn to trade but a good one for your collection. I really enjoyed the book a lot.

Before you put your money on the line, READ THIS!

This book is a quality item for becoming acquainted with the reality of trading forex.

Good advice on the psychological aspects of trading.

What nerve...

"I never cease to be amazed at all the 'marketing gurus' who start Forex education training companies or attempt to sell Forex 'buy and sell signals' and prey on the ignorant by promising them untold fortunes on the Forex for the bargain price of $995." p. 33

Also on p. 33... "When it comes to trading on Forex, I highly recommend the MTI 4.0 charting package" He likens the software to, "A solid built, 1,100-foot, state-of-the-art cruise ship with all the latest gauges for weather ... " and follows with, "With so much at stake, do not take a shortcut on paying for quality trading tools."

And oh yeah... he owns MTI.

And then when you search online for the software, you get to scammy looking sites that sell it in the same fashion that get-rich-quick ebooks are marketed. And then there's the inevitable 7-day free trial... and no mention of the price. After some webcrawling, I found that the software costs $199 per month. Hmmm... Not to mention that the software looks cheap. I'm a programmer myself and I can tell you that the MTI software looks like garbage.

Here's another hint... google 'mti scam' and see what you get. Here's a sample: http://www.forexpeacearmy.com/public/review/www.markettraders.com

Personal note: enough with the analogies to flying an airplane. So the guy has a pilots license... that doesn't mean that every function in his software package has to be analogous to a control in a cockpit. Lame.

Summary: The scammy nature of the software package that he endlessly promotes is enough to spoil anything else that the book might do well. Not that I'll find out, because I'm throwing the book in the garbage.

What makes this book different from books such as Market Wizards are the profiles of the traders interviewed. They are normal retail traders coming from different background and succeeding in their own way. Whether their success will continue in the future remains to be seen, but this book provides an insight on how they reach their current achievements and is useful for people who are still seeking a trading method/lifestyle.

This book has inspiration and will motivate the new trader however the book lacks substance. The writers should have put more understanding into the explanation into what these traders were doing.

I think charts and deeper explainations would be useful as well.
Another point I want to make is that the traders are not everyday people. Everday people do not have $150,000 dollars to start trading with and deal with Forex, Futures and Foreign Trade.

The title of this book should be
Millionaire TRADERS How Privledged People Are Beating WallStreet Ar its Own Game

Everyday people are people who start out with a couple thousand and come from regular jobs without ever being brokers, working the pits, low financial understand, a housewife, a construction worker, a college or high school drop out etc.

( a Great Trader story is : How I Trade For A Living By Gary Smith
Now the guy may not be a millionaire yet but he is close & his book really details how he traded his way up from the bottom. His book details all hiss losses and winnings with detailed information


Some of the stories I was left hanging trying to understand the stradegies of the traders mentioned in this book. The details are very fluffy with no substance to back them up.
Any person who would buy this type of book is looking for more than just a success story. I can buy readers digest if thats all I want. I believe most readers would buy this book searching for detailed trading ideas from successful people. I think that this book would have been much more successful if at the end of each interview, the trading stradegies would have been explained in more detail-

For a really detailed trading JOurney with solid substance
read Jim Cramer's- Confessions Of A Street Addict
that book is solid on top and in the middle

Millionaire Traders boosted my motivation and provided some inspiration regarding my Forex trading. The book did not provide any specific trading strategies, the focus was toward the general traits that successful traders share.

This book is a waste. Completely inactionable. Worthless. Good story here and there, but does it help you at all? The answer is a resounding no.

This book is full of good advice offered through the people being interviewed with critiques of what they said and of their trading styles given by the book's authors. Also what markets the interviewees trade in are discussed as well. However the reason for only three stars rests in the fact that this book, rather obviously, must not have had a proofreader. There are instances of words being inadvertently added or left out throughout the book and a particularly annoying and unforgivable instance is when the word "there" is used when the word "they're" is obviously meant. The authors must have been in a rush to get this book to print and out on the shelf. If you find these oversights as irritating as I do you may just want to pass this book up. However I don't think the advice given is enough to redeem this book's abysmal oversight as the advice can be found in other books of much better quality.

La manera como muestra el dia a dia de un trader permiter observar el analisis y la disiplina que se debe adquirir por medio dela practica diaria para lograr un ben trading

muy buen libro con excelente sistema.

I have read MANY trading systems books and taken several courses and one-on-one mentoring --- in my humble opinion, Raghee's down-to-earth and uncomplicated methods are just what I needed. She seems to be a very giving honest person and I admire that. This book and her other book totally changed the way I viewed the Forex market ... to where I'm making profitable trades instead of losing trades. Thanks Raghee!!

I really enjoyed this book. It provided my with some interesting and valuable information.

Interesting to read, but shallow in content. Provides a momentum breakout strategy and a trend following strategy. However since it was my first book on forex/trading, I found it quite useful last time.

This is an excellent follow-up to her previous book. It's understandable that if an individual had not read her previous book, they would not understand the purpose in the things she shares. But it is very clear, that she gave considerable thought to what she writes. Undoubtedly, there was a purpose in almost every detail. If there were any questions that you may have had after reading her first book (which in my opinion is the best book out there on Forex, and I have read almost every one of them) she more than clears them up in this book. After reading this second book, I feel confident that I understand one of, if not the best forex trading system available. And her system that she makes available can be used in any equities, futures, or commodities market. Her discussion of the importance of market cycles has helped me to be a much more capable and rounded out trader. In my opinion this book is an outstanding contribution to Forex education. Raghee, is a true chartist through and through. And to those desiring to gain valuable insight into technical analysis of the Forex market she is truely a Chart Maven.