exchange

The standard MBA text book, and one of a handful of finance books recently deemed significant enough to be translated into Chinese.

Also, how can you resist a book with sections on topics such as 'Banking Telecommunications and the Information Superspyway' as well as dry and very detailed math on derivatives trading models.

Other reviews from the great and good:

"This is the best text I have seen in international finance. Good work." Stephen P. Magee, Department of Finance, University of Texas.

"Grabbe had taught several 'Market Wizards' to trade currencies--and this is the book they recommend for understanding currency fundamentals." Dr. Alexander Elder, Director, Financial Trading Seminars.

"This is an original and insightful presentation of material that is often ignored or badly treated in other books." Richard J. Herring, Director, Wharton Program in International Banking and Finance.

"An exceptionally well-written book with detailed coverage of the financial markets in the international scene." Rahul Bishnoi, Department of Finance, University of Wisconsin.

". . . too much detail on markets." [Name Omitted], Tufts University.

"Excellent book . . . teaches students about actual markets and financial instruments..." J. A. Rosensweig, Yale University.

". . . an excellent and lucid analysis of the functioning of the international money market." C. Lawrence, Columbia University.

"Last year I found your book in the Beijing Library (the National Library of China) and had it xeroxed. . . Now I am cooperating with one of my friends to translate it into Chinese . . . China is trying very hard to apply the market mechanism to her economy." Zhang Bin, Industrial & Commercial Bank of China.

"By far the best book available. Well-written, up-to-date & accessible . . ." Asim Erdilek, Case Western University.

"This is an excellent, challenging, well-written book." E. B. Fredrikson, School of Management, Syracuse University.

It would have been great if the book had been written in the same style that Jim Cramer's book revealing how he ran his hedge fund was written, lot's of action and description. Krieger includes some of this, like how he'd spend 18 to 20 hours a day in front of a computer and wonder about his life. But he just didn't get in depth enough.

He covers a lot of history, but again, it was not enough if history was what you were looking for. In my case, it was a bit much, I really didn't need to hear so much about the specific names and dates, I wanted more of the individual trading side of his story, what he did and why. How it worked or didn't.

Of course, this book is totally out of date. For that reason, it is actually even more interesting in a way, as the author has no idea how FX trading will advance.

The book itself offers no specific strategies or advice on investing in the FX market, however, I guess that would make sense as when it was written, only pro's or people with a lot of cash could enter this market.

If Krieger were to decide to write a modern work, covering the topic of trading "inside the trillion-dollar world of currency trading" as the cover states, it would be something I'd love to read. I can't recommend this work currently, without the caveat that the reader realize it's limited value as far as trading in today's market. The history, however, is interesting as is the limited view the author gives us as to his trading. Whether the price of the book is worth paying, I'd recommend it only to the reader that is sure of what they are getting.

He doesn't give specific strategies on how to trade currencies, but he does introduce vocabulary and resources to help you get started. In that respect the book is out of date. There is no discussion on the internet and how that has changed the face of currency trading forever.

This is a good book, a foreign exchange classic that wouldn't hurt any currency trader if he kept a copy on his shelf.

This is a no-nonsense guide to stock terminologies and concepts. Everything from reading the newspaper quotes, to analyzing companies to options and regular equities is covered. There are also detailed discussions of the author's personal picks and why they succeeded (or didn't, in a few cases). The book also makes it easy to understand the whole process that is going on behind the scenes, which is interesting.

Highly recommended if you are just trying to learn about the stock market. One accidental strength of this book is that it's very old (many of the examples are from the 50s or 60s) and so it manages to get across the concepts without resorting to all the tech-stock hype that you get with modern information. This book really emphasizes the fundamentals which is great for a beginner.

The author, with simple words, fluently explains about several Volume related technical tools such as Arms Index, Box Ratio and Volume Adjusted Moving Averages VAMA. Market tactics, like how, when and what to sell short and to cover shorts when you are right and when you are wrong, are elaborated with sound writing skill and clear examples.

In short, worth a read.

I personally have had excellent results with Arm's "Volume Adjusted Moving Averages",which gives a far superior early warning signal than other MA's. It was therefore disappointing to find that the book only hints at the techniques to be applied. ( an outstanding book in this regard, is Stan Weinsteins "Profiting in Bull And Bear Markets). Arm's techniques are revolutionary, make a lot of sense, and give a different perspective. The book is worth a read for that alone.

After trading for 11 years and writing three books on the subject I can only say that I am not impressed with this strategy and anyone who promotes it as an alternative to technical analysis.