The Complete Idiot's Guide to Foreign Currency Trading (Complete Idiot's Guide to)
by Gary Tilkin
|
List Price: $16.95
Our Price: $8.48
Your Save: $ 8.47 ( 50% )
Availability: Usually ships in 24 hours
Manufacturer: Alpha
|
Average Customer Rating:   
|
|
Binding: Paperback
Dewey Decimal Number: 332.45
EAN: 9781592575886
ISBN: 1592575889
Label: Alpha
Number Of Items: 1
Number Of Pages: 256
Publication Date: 2007-03-06
Publisher: Alpha
Studio: Alpha
|
|
|
|
|
|
Spotlight customer reviews:
|
Customer Rating:
Summary: Buy Currency trading for Dummies instead
Comment: I'm just killing time with reviews here, otherwise I wouldn't bother to tell you that. But in general, the whole Idiot's guide franchise is just a cheezy ripoff of an already cheezy (but still superior) franchise.
To answer another reviewer's question though, interest rates are good and bad for currencies, depending on what shape to economy is in. If the interest goes up in response to economic growth, it's good. If it's to control inflation, it's bad.
It says that in the For Dummies book, by the way.
Customer Rating:
Summary: Idiots Guide to Foreign Currency Trading
Comment: I had to read this book because, well, my boss wrote it. :)
It was very informative, easy to understand, etc, etc, etc. And I'm not just saying this because I don't want to get fired either. haha
If you are interested in Forex, this book is a good place to start.
Customer Rating:
Summary: What's Inside
Comment: The Complete Idiot's Guide to Foreign Currency gives you an overview of Forex and who trades it. You'll find a history of how Forex started, an overview of the key terms you need to know and how to find the most current information about currency on the internet and in other print publications as well.
You'll find an entire chapter on why currency changes value including discussions about economics and business cycles, political developments, changes in interest rates, international stock news, inflationary expectations, international investment patterns and policies adopted by Governments and Central Banks. We also discuss how you as a trader can take advantage of these changes.
Next we cover the eight key currencies you can consider trading as a new trader and then talk about the risker emerging country currencies to watch after you have more experience and decide you want to take on more risk.
After that there are four chapters on trading basics you need to know - trading platforms, hardware and software; basics of technical analysis (don't expect to learn how to do technical analysis with this book - it's just an intro - that is a book in itself), fundamental analysis, and the risks you face as a Forex trader.
Fianlly we look at the tools you can use for trading including how to deveop your money strategies and how to place orders. We do use co-author Gary Tilkin's software, which is available on the CD Rom included with the book, with sample trades but recommend others that can be accessed on the internet as well. Gary Tilkin is the founder and CEO of Global Forex Trading, which is an online foreign exchange dealing company. He is an internationally renowned expert in currency trading and the futures markets with over 30 years of trading experience.
Other chapters discuss using mini accounts, managed Forex and trading systems, and how to avoid money fraud.
Customer Rating:
Summary: I guess I am not a complete idiot, as I hated this book.
Comment: This is a book filled with old and obselete material which can be found almost anywhere. It is certainly NOT a newly written book.
I found many things which while once true, are no longer true. Obviously they were copied from old sources. I did not find anything which is new, or would be of help to a new trader. I teach Forex trading to beginners, and none of my students felt this book had any value to them.
You don't need to be an idiot to trade Forex. But you would have to be to think you could learn anything from this book.
To me, one star is much too high a rating.
Customer Rating:
Summary: Terrible
Comment: Not recommended - not what you expect when you buy "Idiot Guides." I think other books are probably much better. It gave me very little understanding of trading currency, and definitely missed the mark in many areas. There are many grammatical errors, and the author constantly pushes his own website as being the best. He spends little time explaining what actually moves currency prices, which should have been a main topic. Instead, he spends much time discussing things like what kind of computer you need, what a bid/ask is, and how to pick a good broker (use his company)- which most people can figure out for themselves. His chapter on technical analysis is almost comical - it does nothing more than describe what a candlestick chart is, a bar chart, and what a trend is.
The single useful advice I could come up with is his recommendation to cover a loss at a 30 pip decline, and shoot for a 100 pip profit. Otherwise, in many paragraghs he says interest rates boost a currency value and in one paragrapgh they lower a currency value, so I am left wondering which it is...
At this point, I have to buy another book because I basically understand nothing. I still have no idea how brokers charge interest on your margin, or how long people hold currency trades. The author frequently mentions losing everything in a few minutes but does not explain how this happens -ie - why you cannot just wait for it to come back like with stocks and options.
Overall, you will definitely need to buy another book. I think this book was very poorly written and does not convey information well at all.
|
|
|
Editorial Reviews:
|
Customer Rating:
Summary: Buy Currency trading for Dummies instead
Comment: I'm just killing time with reviews here, otherwise I wouldn't bother to tell you that. But in general, the whole Idiot's guide franchise is just a cheezy ripoff of an already cheezy (but still superior) franchise.
To answer another reviewer's question though, interest rates are good and bad for currencies, depending on what shape to economy is in. If the interest goes up in response to economic growth, it's good. If it's to control inflation, it's bad.
It says that in the For Dummies book, by the way.
Customer Rating:
Summary: Idiots Guide to Foreign Currency Trading
Comment: I had to read this book because, well, my boss wrote it. :)
It was very informative, easy to understand, etc, etc, etc. And I'm not just saying this because I don't want to get fired either. haha
If you are interested in Forex, this book is a good place to start.
Customer Rating:
Summary: What's Inside
Comment: The Complete Idiot's Guide to Foreign Currency gives you an overview of Forex and who trades it. You'll find a history of how Forex started, an overview of the key terms you need to know and how to find the most current information about currency on the internet and in other print publications as well.
You'll find an entire chapter on why currency changes value including discussions about economics and business cycles, political developments, changes in interest rates, international stock news, inflationary expectations, international investment patterns and policies adopted by Governments and Central Banks. We also discuss how you as a trader can take advantage of these changes.
Next we cover the eight key currencies you can consider trading as a new trader and then talk about the risker emerging country currencies to watch after you have more experience and decide you want to take on more risk.
After that there are four chapters on trading basics you need to know - trading platforms, hardware and software; basics of technical analysis (don't expect to learn how to do technical analysis with this book - it's just an intro - that is a book in itself), fundamental analysis, and the risks you face as a Forex trader.
Fianlly we look at the tools you can use for trading including how to deveop your money strategies and how to place orders. We do use co-author Gary Tilkin's software, which is available on the CD Rom included with the book, with sample trades but recommend others that can be accessed on the internet as well. Gary Tilkin is the founder and CEO of Global Forex Trading, which is an online foreign exchange dealing company. He is an internationally renowned expert in currency trading and the futures markets with over 30 years of trading experience.
Other chapters discuss using mini accounts, managed Forex and trading systems, and how to avoid money fraud.
Customer Rating:
Summary: I guess I am not a complete idiot, as I hated this book.
Comment: This is a book filled with old and obselete material which can be found almost anywhere. It is certainly NOT a newly written book.
I found many things which while once true, are no longer true. Obviously they were copied from old sources. I did not find anything which is new, or would be of help to a new trader. I teach Forex trading to beginners, and none of my students felt this book had any value to them.
You don't need to be an idiot to trade Forex. But you would have to be to think you could learn anything from this book.
To me, one star is much too high a rating.
Customer Rating:
Summary: Terrible
Comment: Not recommended - not what you expect when you buy "Idiot Guides." I think other books are probably much better. It gave me very little understanding of trading currency, and definitely missed the mark in many areas. There are many grammatical errors, and the author constantly pushes his own website as being the best. He spends little time explaining what actually moves currency prices, which should have been a main topic. Instead, he spends much time discussing things like what kind of computer you need, what a bid/ask is, and how to pick a good broker (use his company)- which most people can figure out for themselves. His chapter on technical analysis is almost comical - it does nothing more than describe what a candlestick chart is, a bar chart, and what a trend is.
The single useful advice I could come up with is his recommendation to cover a loss at a 30 pip decline, and shoot for a 100 pip profit. Otherwise, in many paragraghs he says interest rates boost a currency value and in one paragrapgh they lower a currency value, so I am left wondering which it is...
At this point, I have to buy another book because I basically understand nothing. I still have no idea how brokers charge interest on your margin, or how long people hold currency trades. The author frequently mentions losing everything in a few minutes but does not explain how this happens -ie - why you cannot just wait for it to come back like with stocks and options.
Overall, you will definitely need to buy another book. I think this book was very poorly written and does not convey information well at all.
The only how-to guide to today’s most lucrative, fast-moving investment opportunity. Interactive CD included! Once considered the most abstract of all kinds of investing, foreign currency trading has exploded into the mainstream. In this concise, easy-to-follow guide, foreign exchange expert Gary Tilkin and financial journalist Lita Epstein shed light on the entire process, providing tips on successful trading strategies, explaining the pitfalls, showing how to avoid on-line fraud, and much more.
--Interactive instructional CD features Global Foreign Trading’s proprietary software DEALBOOK, which allows readers to log on to its site and learn the process of currency trading, complete with virtual dollars with which to practice their new trading skills
--Also includes live links to up-to-the-minute information on every foreign currency and current resources professional traders use to get insight into this fast-paced market
|
|
|
|
|
|
| eFinancialDistrict Market Place |
| CreditReporting.com | FIND OUT what's in your CREDIT REPORT TODAY - so it's 100% ACCURATE TOMORROW. Order a 3-BUREAU REPORT from CreditReporting.com. | |
| Loans.co.uk Partner Programme | Homeowner? Refused Credit? A Secured Loan is the Solution! Click Here | |
| Private For Sale.com | For a FREE Home EvaluationClick here | |
|
What is eFinancialDistrict Market Place?
eFinancialDistrict is a full-featured finance and accounting portal, and this book store is a part of it.
Since the book store selectively offers finance and accounting books and other related products,
our guess is that you are also interested in various finance and banking services.
This market place lists links to those services. Half of services offer you free information for you
to find out more about those services. Of course, it is completely free to request information.
If you find something interesting, just click on it! |
|
|
