Monetary-policy

Where do you think the book advanced payment coming from? THe book only tells half of the story.

Some books set out to accomplish the impossible and come admirably close. Barbara Garson's volume is a prime example. Can you deposit money in a little rural bank and really trace its spread across the global monetary system? How do you know that a multi-million dollar loan to, say, shrimp exporters in Thailand, really has anything to do with the actual dollars you deposited? But that's not the point of this book. The author embarks on a whirlwind, worldwide tour of the global financial juggernaut, and shows how money falls like a drop in a pond and emits waves of disruption that seemingly spread out forever. Garson concludes that deregulation needs to be reigned in, a reasonable anticipation of the Enron mess. We from getAbstract highly recommend her book to business people and consumers who want a better feel for what the "global economic order" is all about, why people are protesting at each meeting of the WTO and whether you should be steamed as well.

As a fairly intelligent individual who has never taken an economics course, I've been trying to make sense of the world of investing on my own. The author takes us on her own journey to do the same, and in the process we come to meet the faces and the people behind the whole process. She goes about it with a very open-minded, down to earth approach, and for the most part, doesn't draw a lot of her own conclusions. Rather, she lets you come to your own. At last, some information on investing that is more than just numbers and returns. I highly recommend this book for anyone who is looking for where to invest their money, or is just trying to understand how "money makes the world go around." After having read the book, now I can go to the Reuters newswires and have an understanding of just what is behind the latest news announcements, what they mean in real terms for real people. The book has made me think twice about what it means to be chasing the high returns, and what implications that may have on the lives of others. I found this book to be very heart opening, and my compassion for the world is immense.

Journalist Doug Henwood has produced an interesting book on U.S. financial markets. Written from a left-wing point of view, Henwood contends that these markets do not raise capital for new investments or improve corporate governance. Instead, they mainly offer a venue for manic restructurings of corporations that accomplish little besides shifting wealth to rentiers who already have plenty of wealth. Henwood relies mainly on the research of others.

The good news about "Wall Street" is that Henwood is witty and iconoclastic. The bad news is that having these traits doesn't mean that he can put together a good book. His bloated and repetitive text mixes statistics, polemics, anecdotes, overviews of biz school research, and potted discussions of Keynes, Marx and Minsky (and Freud!) in a way that informs and entertains the reader (hence my rating of 4 stars) but never systematically establishes the core thesis about the parasitism of Wall Street. The book is worth reading but mainly for readers with a background in finance or economics who can separate the wheat from the chaff.

Wall Street is a well conceived and much needed critical, and accessible, primer on international finance and economics that is worth buying just for the fascinating charts, graphs, and statistics within. While floating between the roles of journalist, scholar, and critical critic Henwood has a real skill at clearing away the mud surrounding institutions that often leave outsiders dumbfounded to understand "how they work and for whom."

Though the title of the book is "Wall Street," its focus is really the much broader world of finance, wealth, and power. Stocks, bonds, options, currency, swaps, The Fed, FX exchanges, S&L and derivative scandals, institutional investors, consumer credit, debtors and creditors, gold, leverage, financial theory, monetarism, Keynes, Marx, the relation between shareholders and managers, stock markets and workers, financial markets and governments, the distribution of wealth, and what is to be done are all incorporated into this thorough, but unintimidating, book.

Understanding how financial institutions work is the preoccupation of much sophisticated economic analysis, and Henwood does an admirable job at laying out the major lay and academic theories, their implications and faults. But what sets this book apart is the attempt to move outside the narrowness of how and, sometimes, why traders trade and buyers sell to the effects their actions, and the institutions in which they take place, have upon others and the power relations which are responsible for their profits and losses.

Henwood combines witticism and lucidity to make for a highly informative book, and a delightful read. It is certain that any reader of "Wall Street" will leave with a multitude of general information, new ideas, and insights about finance, political economy, and the individual's relation with them

I have worked on Wall Street and I have to say this gives a pretty decent macroeconomic view of Wall Street. He explains stocks, bonds, derivatives, currencies, the Federal Reserve, Bretton Woods, the (in)efficiency of markets and many other topics. He then interprets what these things mean from a leftist perspective. The financial world is heavily right wing and accuses the left wing of not understanding how economics work and thus why the right wing is right about economics. This book will demystify acronyms like LIBOR, GDP and CAPM, and explain to you in Wall Street terminology how the rich are robbing the working class in this country (and the world) blind. Henwood's book, like Marx's Capital, is at heart an economic treatise with political ideas sandwiched in between the economic data and analysis. I said at the beginning I have worked on Wall Street and that is the truth - once you see the machine up close, or even become a cog in the machine, you realize how right people like Mr. Henwood really are.

Buy and Hold by David Schumacher contains the best real estate advice I have ever found. Solid, sensible, and easy to follow, this gem of a book covers the ins and outs of real estate investment like none other. Following this book's seven steps, amassing a small real estate fortune isn't a remote possibility, but an eventuality. As the title suggests, Schumacher (himself a millionaire many times over) advises planning and patience--the opposite of a get rich quick approach--for "what you owe today, you'll be worth tomorrow." The key is in the groundwork. Schumacher recommends a systematic assessment of any potential real estate investment and provides readers with the step-by-step knowledge they need to make the right investment choices.

The real value of this book is that it teaches you how to determine whether a given neighborhood and property are in an economically desirable area, in other words, whether the property has what Schumacher calls "growth potential." One of the best pieces of advice is for would-be investors to concern themselves more with a property's growth potential than with its current asking price. The right property in the right location will pay for itself over time, both through appreciation and rising rents. The most important aspect of real estate, Schumacher says, is how to buy since "a good buy will sell itself." I couldn't agree more.

The genius in Schumacher's approach is that he provides investors with a way to avoid risk and achieve their financial objectives at the same time. In this easy to read volume, an updated edition of his 1992 classic ("The Buy & Hold Real Estate Strategy," previously published by Wiley & Sons), Schumacher shares a life full of sound investment practices useful to beginning and seasoned investors alike. Although Schumacher draws on his own experience, the advice he dispenses is neither specific to California nor outdated; rather, it is timeless--and as relevant for an investor in a big city as a small town, in the Midwest or on the East Coast. After reading this book your view toward investing may completely change. I know mine did. Unlike the stock market, buying and holding real estate in a smart manner virtually guarantees cash flow. And in the long run what could be more important for financial security? Instead of preparing for your kids' college education with paltry interest from a savings account, why not invest in real estate and see your money grow? When moving out of your first home, why not consider converting it to income property and experience the tax benefits? Schumacher addresses these questions and more.

This book would make an outstanding addition to the library of anyone interested in building wealth. Younger readers who are just starting out in their careers stand to benefit as well. Indeed, Schumacher counsels an early investment strategy. Given the recent dot-com bust and today's volatile stock market, real estate--when it is properly researched--remains an attractive and lucrative investment. Buy and Hold delivers the goods on how to analyze neighborhoods, negotiate deals, finance loans, manage properties, pay off debt, and acquire additional investments.

Read it and grow rich!

I cannot believe that someone found this book to be worthy of only a two rating. I have bought countless Real Estate books on this site and found Schumacher's book to be the best one yet. I have only been investing for four years and currently have four properties and I have re-read this book countless times for insight, and inspiration.
Just because this book was written about properties purchaced in the 60's doesent make the information dated at all. IN fact, it proves that the lessons are timeless. The one negative review that I read stated how silly it was to think that a lesson about picking up cheap properties could possibly be applicable today. Well, they seem cheap now but in the 60's they were very expensive to Mr. Schumacher just as today's "crazy" prices are expensive to us today. Im sure 30 years from now two-hundred and fifty thousand dollars will seem like nothing to us and that is one of his points. So, Im going to keep buying one house a year and if Mr. Schmacher is right and I can hold on through the early years, then I should be sipping cocktails on my water front property not doing a whole lot of work in about 20 years.
Great book!

I bought "Buy & Hold" along with "Income for Life from Real Estate" and read both books. I found them to be quite compatible and also complementary. What one book covers only briefly, the other handles in more depth. Both make a compelling case for holding, rather than flipping properties.

Both the authors seem to have actually done the things they are recommending, which makes these books far more valuable than many of the books and tapes from "promoters".

Of all the offshore investment books that I have reviewed, this is the best for the price, especially for US citizens. I found this book to be full of usable information and a 'must read' for anyone considering an offshore investment or business strategy. The author offers some very worthwhile advice. While most worthwhile offshore books on the market cost in excess of $200, this book provides some good useable information in both the 'do' and 'don't' department and is an excellent and inexpensive way to get started or come up to speed with recent US legislative changes.

The Internet is big factor and one that has had a major impact in offshore planning. However, it is a double-edged sword. It has allowed clients access to new information and providers with the ability to promote themselves worldwide. It takes skill and knowledge, however, to separate fact from fiction and legitimate provider from suspect.

Offshore investing and stock trading have grown exponentially in the last 3 years but the trick again is distinguishing truth from fiction. Arnie is disturbed by the number of US investors who believe that simply setting up an IBC or other offshore entity and trading through an offshore broker removes them from the responsibility of paying taxes on capital gains in the US. While this may be possible for foreigners investing in the US stock markets, US citizens and residents do not escape income taxes at home simply by investing through offshore structures or an offshore broker. With that said however, an offshore strategy does permit deferral of taxes due on capital gains earned offshore if properly set up, similar to strategies for onshore investments but such structures are often complicated and expensive.

If it were easy and inexpensive to set up a legal structure to eliminate taxes, everyone would do it, which is something that the Internal Revenue Service and Congress will not tolerate. Once this is understood, a strategy for the US person who is an offshore trader and investor does offer other significant advantages as well. These include asset protection and greater privacy. One of the greatest benefits is access to broader markets not normally available to individual onshore investors thanks to the raft of stringent Securities and Exchange regulations.

Finally, if you are looking for a magic strategy in a book (or books) you will probably be disappointed. As attorney Jay Adkisson said recently, the author who puts a technique for reducing taxes down in print usually dooms it to attack by bureaucrats at home. I have certainly found this to be true in my years of reviewing offshore texts and one to be remembered when reading The Offshore Money Book. Even if such structures remain viable, offshore books do not offer sufficient enough detail to permit them to be applied without professional assistance. However, only by reading lots of books will one be able to know the difference between a good offshore professional and one who doesn't know his elbow from a hole offshore in which to sink your money!

Matt Blackman goldhaven.com

This book should definitely be on the bookshelf of anyone seeking to invest offshore. The author provides excellent insights into the hows and why's of offshore investing. Although the organization of the book was sometimes hard to follow, and did assume some technical knowledge of trust concepts, overall it was a good book and worth the money.

Arnold Cornez is an attorney and an authority in the field with long experience working closely with and on the inside of offshore banks, trust companies, and other entities. He's the one I call first when I have an issue to discuss.

I found "Trading in the Global Currency Markets" really useful in general, and for the technical analysis ample coverage, in particular. While I had some basic understanding about about technicals before reading Luca's excellent book, I can now say that I am able to use most of these tools with a high degree of certainty. Luca's approach is very systematic, and I felt I added layers upon layers of understanding. I think that the book caters well not only to novices, but also to professionals like me, who need to brush up their knowledge.

Excellent book if you need to learn what's truly going on in the currency markets! I can finally make sense on how forwards work and how to put together cross pairs the right way. The technical analysis is so comprehensive! Need to go once more over it. Really a useful book for the FX heads.

Mr.Luca has out done himself. I am a 11 year veteran of the futures markets and I have written three book on futures trading. Mr.Luca's book exceeded my expectations. I read it and was completely enlightened at the chain of connections that drive the currency market. His technical analysis on forex trading was easily adaptable to my own strategies, plus I learned a few new tricks.

Mr.Luca's writing is very indepth and many beginners to forex trading will find a lot of information to wade through in order to find the nuggets they are looking for. That being said, any serious beginner will not have a problem with getting a thorough education in this fascinating subject.

Intermediate traders will see there mistakes and hopefully correct them by using this book.

Overall, this is a great book by Mr.Luca and I keep a copy as a refernce.

I like this book because it was short and to the point. I read it in an evening.

Brian Tracey, world renowned leader in motivational sales and closing techniques, has written another book worthy of its title. The 21 Success Secrets of Self-Made Millionaires : How to Achieve Financial Independence Faster and Easier Than You Ever Thought Possible, is a simple roadmap to financial success. Do you want to reach the American dream of being a millionaire? Sick and tired of hearing how 7.2 million Americans are millionaires and you're not? Do you agonize as you go to sleep at night wondering how you can make that mortgage payment due tomorrow? You have got to know by now, you are not going to win the lottery, you are not going to find $1 Million in you bank account by mistake, and you aren't going to be given that check by Regis Philbin. This book is simple and straight forward. Easy steps for you to follow to become that millionaire with some sacrifice and some time. That's right, you are not going to get rich overnight. Tracey begins with such a simple step you can't believe it: Saving only 1% of your gross income per month in a special account will start you on the road to financial well being. Believe it, in my case this amounts to roughly $25 a month, easily the amount I spend on fast food in 2 weeks. Multiply this by 12 months and I have $300 saved plus interest. Once you realize you can live on 99% of your income, start saving 2%, 5%, 10% per month. Like this simple step, all of Tracey's "SECRETS" add up to your first $1,000,000. These techniques were garnered by Tracey after countless interviews of self-made millionaires caused him to realize what these individuals had in common: certain ideas which earned them income. Buy this book, follow the steps, and retire early.

Long ago while growing up in Chicago, I read two books which have had a lasting impact on my personal and professional development: Dale Carnegie's How to Win Friends and Influence People and Napoleon Hill's Think and Grow Rich. I make it a point to re-read both at least once a year; also Benjamin Franklin's Autobiography. My guess (only a guess) is that these three books have also had a positive and lasting impact on Brian Tracy. Their influence is suggested in this book as are the Four Gospels and Saint Paul's various Letters in the New Testament.

However, we all realize that each of us must assume full responsibility for our successes and failures in life. The most valuable lessons we learn are from our own experiences, especially from failures. Tracy notes that "more than 90% of all financially successful people today started out broke or nearly broke. The average self-made millionaire has been bankrupt or nearly bankrupt 3.2 times." Hmmm. He chose self-made millionaires as the focal point of this book "because these people had demonstrated social qualities and behaviors that were observable and measurable." He offers 21 "success secrets," most of which are really not secrets. I would be very surprised if any one of them is unfamiliar to anyone who reads this book.

For me, this is the key point: No matter what we read and how carefully we read it, now matter how much wisdom is provided by what we read, NOTHING beneficial will result unless and until we embrace appropriate values, then make decisions and take appropriate actions which are guided and informed by those values.

Tracy insists that success is predictable. I presume to add, that the same is true of failure. "Your greatest responsibility is to dream big dreams, decide exactly what you want, make a plan to achieve it, practice the strategies in this book, take action every single day in the direction of your dreams and goals, and resolve [as Churchill urges] to never, never, never give up." Throughout his book, Tracy does indeed recommend specific strategies to follow and includes a series of Action Exercises to complete. In that event, "You become unstoppable and your success becomes inevitable."

Hill, Carnegie, Franklin, and countless others do indeed share the credit for whatever I may have achieved in my life thus far but only I am responsible for what remains of that life.

It is not enough to read and admire Tracy's book. As I have previously indicated, the challenge is to embrace appropriate values, then make decisions and take appropriate actions which are guided and informed by those values. The extent to which we respond to that challenge will determine whether or not we succeed or fail when pursuing whatever our dreams may be.

This book has many little interesting tid-bits of information and they are fun to read, but by the end of reading this book I wish I had read a more serious book.

One of my biggest issues with the book is there are too many statements, speculations and presentations of material in the book that are in contradiction to what most economists or historians in the field would present. This left me with a feeling after reading the book that I didn't know whether half of what I read what complete BS or worth believing. For instance the authors presentation of currency switching off the gold standard and speculating about the future of electronic money. By the last third of the book I found myself saying "give me a break, this is pure wild speculation" or "this is BS" or "I won't be believing this, I wish I was reading an author I could take seriously".

If you are curious what Jack Weatherford thinks about these topics, this book is fine. Or if you just want to be entertained and don't care if what you read is what experts believe, this book is fine. But if you want a serious presentation of what most economists and historians believe in the field I would not recommend this book.

I cannot comment on the veracity of what this book contains, being a layman in history and economics.

Other reviewers have contested particular points of scholarship (and I am similarly in no position to judge their accuracy). I can recommend this book because it provides a comprehensible survey of the development of money.

This is no small accomplishment, since it is all to easy for a history of money to get bogged down in details and to miss the big picture. Money is at once a fantastically abstract concept (try explaining it to somebody who has never used any) and so common place that it is like water to a fish, it is the very world we live within.

After reading this book, I felt for the first time that the curtains had been pulled aside, and I had a concept of what money "is". I have read few other books on economics that succeded in making understandable highly abstract concepts. That accounts for my 4 stars.

I have defined history as: a series of wars with interludes of peace in which events occur that setup the next war. My clever definition is absolutely challenged in this highly recommended book. I have heard somewhere that a true sign of intelligence is the ability to say much with just a few words. Weatherford manages to convincibly condense and organize history in terms of money. Of particular interest to me was Part III, 'Electronic Money,' where the author talks about inflation, the cash culture (i.e., of the poor) and the incredible trillions of dollars which exist only electronically - that contrast with the relatively tiny amount of Federal Reserve notes actually in circulation (it will make you think). I could hardly put this 'read' down once I started it.

It is interesting that most, if not all, of the 5-star reviews below appear to be written by the author's? aliases. For instance, the Oct. 7, Oct, 20, both Oct 22 reviews, and the Nov. 4 review all currently originate from X Moore from "John Rasheed", although in the past they've all shown London or Cape Town origin as "John Rasheed" sought to cover his tracks.

"Mr. Gagan Singh" writes several negative reviews of other books, but positive reviews of Mr. Choudhry's books. "Mr. Gagan Singh" wrote negative reviews of Ms. Stigum's "The Money Market" and alternately hails from NY, the USA, Capetown or from wherever next this chameleon chooses to hail as the reviews change.

"Matthew Bartlett" is another alias used on two book reviews of Fabozzi's "Collateralized Debt Obligations" book. One of the "Matthew Bartlett" reviews is signed "Moorad Choudhry" and praises the book with 5-stars, but the other review is unsigned and gives the book a one-star review. This is a serious identity crisis.

This is a very good book on repo, money markets, and bank ALM. It is written in very accessible style and has very clear examples, descriptions, worked examples, and screen pictures. The author has also demonstrated how repo fits in with the other money markets. Highly recommended, a good guide to repo and stock lending.

If you want to buy the best guide to repo and money markets, buy this book - forget what any US-based reviewers are saying casting ridiculous accusations about the author. The book is great - end of story. Buy it!

I have a 3-foot stack of classic books on wealth, status and power in America, and this is both the latest addition and the undisputed spiritual (!) capstone of the collection. "Rich and nuanced" is how I would characterize Mr. Aldrich's comprehensive assessment of the phenomenon of inherited wealth and established social class in the land of the American Dream. Mythic stuff indeed (it was this word that compelled me to buy the book) -- and Aldrich's background and skills are more than up to the challenge of rendering it, in all its paradox, contradiction and complexity, for the genuinely interested reader.

The brief panning reviews below mystified me also. Aldrich starts out not with anything construable as a "justification", but rather with a withering indictment of the source of his family's wealth -- in itself a mini-education in the dynamics of 19th century pork barrel politics. Aldrich's book is both a sort of personal exorcism of family demons that others would just as soon whitewash and preen themselves over, and a subtle and multi-dimensional account of a great many interrelated issues surrounding the institution of inherited wealth and privilege, and its effect on those both inside and outside the golden pale.

"Reasoned" and "balanced" are two other adjectives that suggest themselves with regard to the book's overall project. Outsiders may resent his sympathy for his own motley compatriots in hyper-enfranchisement, but you'll have to search elsewhere (e.g. the better-written WASP Supremacy diatribes) for the "our shortcomings are colorful foibles, theirs are hideous crimes" pathology that afflicts the comfortable somnambulists of the Far Right.

True, Aldrich hasn't climaxed his public catharsis by giving away his patrimony (though I'd be surprised if he hasn't been more than usually financially generous in all the right directions); but anyone accusing him of a lack of noblesse oblige is just being perverse or uncomprehending regarding the general thrust and intention of this eminently worthwhile read.

In Aldrich's defense, I can only suggest that the one virtually unassailable self-justification for Establishment predations -- "If it weren't us on top, it would inevitably be others, and probably the more harsh for lack of experience" -- is just slightly more justified for the occasional production of a gentleman as truly humane, culturally enriching, and deeply entertaining as Mr. Aldrich.

As for the alleged elitist style: I too lack basic French, and tend to resent its use in expository prose. But "blipping over" a phrase here and there doesn't usually harm the overall sense of a well-heeled authors' material; and a modicum of humility obliges any reader to make an effort to step outside himself and honor the sensibilities of the more accomplished. In this and other matters of vocabulary, would the disgruntled reviewer below prefer Aldrich to write down to him? Given the hazards of such behavior's leading to intellectual patronization or worse (i.e., just plain lazy thinking and/or exposition), I'll take the occasional mini-slight to my natural dignity as an uncultured reader -- there are dictionaries, after all -- and accept my cultural patrimony whole and unblighted by stylistic censorship.

The comment below about most writers on this topic being outsiders is well taken. "Old Money" lacks Ferdinand Lundberg's statistically-fuelled rantings, and stops a bit short of fellow outsider Veblen's ironic savaging of the cultural degeneracies of endemic privilege. The richly nuanced quality of Aldrich's treatment is due no less to his insider status than to his exceptional observational, analytic and descriptive powers, and the present reviewer is grateful for the synergy.

For those interested in the roots and mechanisms of wealth-as-power, Lundberg's trenchant "The Rich and the Super Rich" is quite irreplaceable; Epstein's and Fussel's mordant depictions of the invidious lifestyle are both entertaining and informative; and the other dozen-odd major authors are sources of endlessly varied morsels of cocktail party erudition. But no one ties it all together in as many different ways at once as Aldrich. Read him first, instead of last as I did, and avail yourself of an impeccable standard of measure for any other study of this topic that you'll ever find.

I've always known Americans to be ignorant, closed minded and uneducated, but never has it been so confirmed than in the reviews I've read here. Would one not buy a book in order to learn something about a subject they obviously know nothing about? I would think that the people who bought this book would be open to learning something about a sub-culture that is as much a part of America and its values as is baseball and apple pie. Unless you come from old money, you can not understand it, and to be closed in your mind process while reading this book, thinking that the author is "pompous" or "pathetic" concretes my understanding of the average American; ignorant, closed minded and uneducated. This author wrote a book that was inspiring in it's anecdotes and gave a further look into the life of the American aristocrat. I have no complaints.

Don't know what these other readers' problem is - hopefully not the envy and resentment that the author acknowledges as a natural byproduct of privilege! Aldrich is thoughtful, erudite and honest. Is he justifying himself? To a point, of course. Have you ever read a book that doesn't in some way promote the author and his values? He succeeds in a difficult endeavor, namely to describe a culture and a mentality; this he does with sympathy to its ideals and deep skepticism about its true motives and record. Also, though there may be a few too many of his own family anecdotes, it is an entertaining and informative read.

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!!!

I have had a measurable improvement in my profitability since reading "Technical Analysis Applications in the Global Currency Markets."
Although I have traded currencies for nearly seven years, I've never had the opportunity to systematically train in charting. Adding insult to injury, I listened many times to the "expert advice" of some ill-prepared reporters, who deliver opinions devoid of information. Needless to say, I lost money in several instances.
What "Technical Analysis Applications in the Global Currency Markets" brings to the table is a complete and systematic set of tools that will enrich every trader's arsenal. It's been working for me well consistently. It's hard to believe that I missed so many opportunities in the past.
There are many technical books out there. But I am a currency trader, and I'd rather see examples in FX, without the bias of "buy-and-hold" that you see in most other books that focus on equities. Besides, with the way they are going, who wants to trade equities, anyway?
I learned a lot from this book, and I feel confident that I can always go back to it to refresh my knowledge. Frankly, a lot of candlestick terms were at best fuzzy before reading is book. Now, I am fully confident in my understanding, and this translates in increased profitability.

I traded FX for 15 years in major banks in New York and London and I now have a retail FX firm. I found "Technical Analysis Applications in the Global Currency Markets" to be an excellent review for myself and a vital training tool for my traders.
In a short period of time junior traders drastically improved their knowledge and, more importantly, performance. At the end of the day, all that counts is a decent profit.
I found the clear structure and complete coverage to be big assets, particularly in a market devoid of consolidated research. In fact, this is the only technical analysis book on foreign exchange that I know of.
Junior traders were very pleased with the excellent explanations, diagrams and real-life examples in this updated edition. In particular, they found trend analysis, candlesticks, and point-and-figure charts to be consistent profit boosters.
The clear explanation of the benefits of moving averages and of the entry/exit points is valuable as well. Most recetly, these ntry/exit applications worked wonderfully for both the euro and the yen.
I strongly recommend "Technical Analysis Applications in the Global Currency Markets" to anyone who toils in the volatile currency markets.