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Forex Book Reviews
Book Review (2015) - "The Sensible Guide to Forex" by Cliff Wachtel
The book is a must read for any trader that tries to get the classic introduction to forex. It is the ideal shortcut to simpler and safer forex trading. Cliff Wachtel explains full details and illustrations to show you how to make money without overloading you. He also introduces some of the latest developments in the forex market from social trading to binary options. We give 5 stars!
Book Review (2015) - "Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups" by
John F. Carter
If you want to know more about additional ways of trading this book is a good choice. John F. Carter presents many trading setups - short and longer term - which are easy to understand and implement. He introduces a guide into money management and checklists as well for creating a trading plan. We can recommend this book to everyone who wants to try out and learn trading. We give 5 stars!
Book Review (2014) - "Secrets of Forex Scalping - Learn To Scalp The Forex Market For Profit" by Kelvin Lee
This is not a book, it is pure advertising to go to the author's website and buy some of his products. The author has no explanation on how to scalp the market. We give 1 star!
Book Review (2014) - Selective Forex Trading: How to Achieve Over 100 Trades in a Row Without a Loss (Wiley Trading) by Don Snellgrove
The descriptions are very difficult to understand and the indicators which are mentioned are only briefly discussed. The only way to implement any of the strategies is subscribe to their charting service and to truly understand probably would require a mentor. We give 1 star!
Book Review (2014) - The Complete Breakout Trader: Day Trading Strategies that Work [Kindle Edition] by John Connors
We think this book is a bit short on the details and a lot of it we have seen before. A seasoned trader will not like this book but it is a good read for someone who is new to the markets. We give 3 stars!
Book Review (2014) - "A Complete Guide To Volume Price Analysis" by Anna Coulling
The writing style of Mrs. Coulling is straightforward and the book is written in a logical progression. The explanation of volume price analysis is good as well as the explanation of the manipulation of the financial markets by insiders and market makers. We give 5 stars!
Book Review (2014) - "Forex For Beginners" by Anna Coulling
We can recommend "Forex For Beginners" to everyone who is willing to learn the basics about forex trading. Mrs. Coulling guides the reader though forex landscape with great clarity, making difficult topics simple and enjoyable to read through. Even if you have some experience in the forex market, it is a valuable tool that puts in perspective the main forex variables and presents them together in a very comprehensive way. We give 5 stars!
Book Review (2013) - Bird Watching In Lion Country by Dirk du Toit
This book is good. We enjoyed reading and can recommend this to traders, equal if expert or newbie. You will learn a lot of trading stuff. We give 4 stars!
Book Review (2013) - Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets by Ed Ponsi
The author provides the basics of trading strategies that handle most of the Forex market conditions. The section on his trend following system is clearly thought out and easy to follow. There are clear examples for each strategy. We give 4 stars!
Book Review (2013) - Currency Trading: How to Access and Trade the World's Biggest Market by Philip Gotthelf
We are disappointed with this overpriced book. There is nothing useful, especially for the beginners. The author spends too much time explaining economic indicators that should be basic knowledge for any investor. This book is heavily overpriced. We give 2 stars!
Book Review (2013) - Technical Analysis from A to Z by Steven B. Achelis
The book is really a great help for beginners. The author shares all of his knowledge. It provides consistent and comprehensive charts on analysis of currencies which are helpful tools for every trader. We give 4 stars!
Book Review (2012) - Currency Trading For Dummies by Brian Dolan
Book Review (2012) - Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing (Wiley Trading) by Rob Booker
This book is definitely an eye-opener. Everyone will surely enjoy reading the book. Rob Booker's made the learning phases of trading very much enjoyable. He showed in his book that knowing yourself is never easy and accepting the reality is difficult, too. In this book, Rob had created a character based on a newbie trader named Harry Banes. Any trader would find this book an enjoyable escape. It is not the Forex bible or anything close to it. It makes you realize how disciplined a trader is and that correcting mistakes early on could lead to a successful trading career. We give 5 stars!
Book Review (2011) - The Disciplined Trader: Developing Winning Attitudes by Mark Douglas
In forex trading, traders should have the ability to control their emotions”because too much emotion could distract their trading tactics and strategies. Being emotional also affects a trader's decisiveness. But how do you control emotions? Reading this book will help you find control. Douglas wrote from first-hand experiences. He must have been an emotional trader before because he was so articulate on writing about the tips and steps on how to control trading behavior and how to use this as your advantage towards a successful trading activities. We give 5 stars!
Book Review (2010) - Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
The author has captured all the psychological mind bending factors about trading. Not only that he offers good advice on how to overcome them with exercises that all new trade...rs should endeavour to follow. It is easy to avoid responsibility for your own trading, switching from one strategy to the next,
never really achieving consistency. The authors exercises can overcome this as long as you maintain discipline and stick to your plan.
Moreover, his insight into what the trader may feel emotionally is captured very well with sound reasoning used to overcome them.
This book is not just a read once and forget, you need to read a few times to reinforce the concepts, this is easy due to the authors easy writing style. We give 5 stars!
Book Review (2009) - Reminiscences of a Stock Operator by Edwin Lefèvre
Every page of this book resonates with experience and understanding of market trading. The writing style is maybe a bit flowery for the modern reader but the content is as relevant to today's markets as anything we have read on the science and practice of trading. The writer won and lost millions of dollars as a speculator in stocks and commodities during the first half of the 20th century. The writing style is very honest about the ups and downs of his career. If you are a trader of any description you will almost certainly benefit from reading this book. We give 5 stars!
Book Review (2009) - Technical Analysis of the Financial Markets by John J. Murphy
The book covers all the basic aspects of TA: philosophy, chart construction, fundamental vs. technical analysis, trends, major technical pattern recognition, moving averages, oscillators, times cycles, computer trading systems and much more. Murphy also covers different methods of charting, including ba, point and figure and candlestick (be aware that most of the analysis techniques he presents apply to bar charting and not candlestick).
What we like most about the book is that it written clearly, simply and logically. It uses many graphical examples that SHOWS the reader what to look for. We give 5 stars!
Book Review (2009) - The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities by Bernard Baumohl
Book Review (2008) - The New Market Wizards: Conversations with America's Top Traders by Jack D. Schwager
The book "The New Market Wizards" tells the stories of some prominent traders in the USA back in the 80's and 90's. The stories about them are very inspiring because each of th...e so-called "wizards" came from different backgrounds. Also each of them have different styles, principles and psychology in trading. Despite their differences, each of them managed to be successful. Reading the books gives one a taste of those differences in styles and psychologically. While one may not agree or conform to all of them, it is still good to see things from different perspectives. The bottom line is all of them became successful traders at the end of the day. And you can only be more successful if you learn from those who already got there. We give 5 stars!
Book Review (2008) - Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies by John Jagerson and S. Wade Hansen
This book thoroughly introduce you to Forex. On the first part of the book, Forex trading is comprehensively explained, even the risks of trading without proper training and enough knowledge.
This book is a good one to start with when learning Forex. It covers the basic fundamentals and also gives advanced information that a forex beginner needs before plunging into trading.
The author's approach is not the usual step-by-step guide. Dividing the topics and discussions into separate pieces makes the book an easy-to-read reference in Forex. We give 5 stars!
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