World Famous Comics: Getting Started in Currency Trading: Winning in Today's Hottest Marketplace (Getting Started In.....)
Getting Started in Currency Trading: Winning in Today's Hottest Marketplace (Getting Started In.....)
By: Michael Duane Archer Publisher: Wiley Average Rating: Binding: Paperback Label: Wiley Number of Items: 1 Number of Pages: 284 Publication Date: June 30, 2008
Product Description: While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That's why you need Getting Started in Currency Trading, Second Edition. This reliable resource-written for both newcomers and those with some FOREX experience-puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Topics include:
The rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX
The process of initiating and liquidating a live market order
The advantages and disadvantages of fundamental and technical analysis
The wealth of FOREX products and services now available from third-party vendors
The psychology of trading and the stresses that may accompany this endeavor
Advanced strategies such as options, exotics, and arbitrage
Newbys MUST Read This Book This one's got info re gotchas that I haven't seen anywhere else. Read it before you risk actual money.
Riddled with errors. I found many errors in this book, especially in chapter 8, "The Calculating Trader", as well as some in other chapters. Unfortunately, if you don't catch these errors, this book will only confuse you more. If you do catch them, it will just annoy you. Granted, I have the first edition of this book (2005); hopefully these errors have been corrected in the new June 2008 second edition. I gave the book 2 stars because it does have some decent overview information in it.
Getting Started in Currency Trading I originally bought this book in February 2007 after watching an infomercial on currency trading. This book is good for anybody who wants to start currency trading but dont know where to begin. After reading it, I was hooked.Now one year leter I am trading the currency market and now I am successful at it.
This book will give you the basic knowledge and foundation of the currency market.If you are someone who is already trading and have experience then this book is not for you.
Also once you read this book read it at least two more times.
Great overview of the market. I have been trading currencies for about a year and a half now, and this was a great start to get a broad picture of the FX market.
This isn't a "dummies" step by step but it is a clear overview of trading in the currency market.
It could be written with a little more... excitement or novelty. It is a fairly clinical read. It isn't a good comparison but triple w dot babypips dot com is a fun version of the material in this book. They are not associated but the web site is a good primer for this read (or vise versa).
The basics are all covered and that makes it worth the price.
General Overview This book is very true to its name, definitely for those of us who aren't experts at trading yet. The book is filled with a general overview of the forex world and I would say that this book should be the first one any novice picks up (even before babypips).
Anything Goes Trivia
Megaton Man
Tailipoe
Trevor
