Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets (Wiley Trading) |  | Author: Ashraf Laïdi
Publisher: Wiley
Category: Book
List Price: $75.00
Buy New: $41.03
as of 9/3/2010 01:04 CDT details
You Save: $33.97 (45%)
New (32) Used (14) from $37.91
Seller: indoobestsellers
Rating:  14 reviews
Sales Rank: 48,686
Media: Hardcover
Edition: New
Pages: 304
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 9.1 x 6.2 x 1.2
ISBN: 0470226234
Dewey Decimal Number: 332.45
EAN: 9780470226230
ASIN: 0470226234
Publication Date: December 10, 2008
Availability: Usually ships in 1-2 business days
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Product Description
As head FX strategist at CMC Markets–one of the world's leading forex/commodity brokers–Ashraf Laidi understands the forces shaping today's currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insights that are essential to making the most of your time within it.
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| Customer Reviews:
Showing reviews 1-5 of 14
 Finally an original in FX December 23, 2008
Tom Wilson "Tommy"
35 out of 39 found this review helpful
This book will be helpful to those seeking an introduction to the interrelatedness of the currency, commodity, equity and fixed income markets. The book is well written and easy to read. However, I would not suggest the book to a person with no technical, economic or financial background.
I have followed Mr. Laidi's currency outlook for over a decade now both on TV and in print, and can honestly say that I have yet to come across another analyst with the foresight of Mr. Laidi (he called the bear market and USD collapse when the rest of Wall St. were still believing in an unending bull market).
Although many of his correlations referenced in this book are obviously backward looking, it does teach traders to take a global market perspective before narrowing down to specific currency pairs. I felt his explanation of the FED, under both Greenspan and Bernanke, really did a good job on a very difficult topic, as many traders, like myself, really don't understand the different weapons the Fed and other central banks posses.
Equally useful and informative was his chapter on the effect of interest rates, there isn't enough space for me to go into it, instead I will let you gather the pearls of wisdom for yourself.
Mr. Laidi finally concludes that some of the historical tendencies are currently being challenged and that only time will tell if a new relationship has emerged or if history will again be proven right. Pick up this book if you want to read the work of an original thinker at the top of his craft. Whether you trade FX or another market, I think you will benefit from Mr. Laidi's insight.
A Forex Book with Value February 15, 2010
Kevin Jacobson (Oakland, CA USA)
11 out of 11 found this review helpful
I've read and flipped through a number of currency trading/forex books, both as I was learning the trade and in my continuing education. Most books on the subject seem to be put out to sell with little regard to original content and value-added information. They typically spend half the book going over the very basic of foreign exchange markets and lingo - basically repeating what every other intro-forex book says, and then spend the next half of the book either going over general trading areas - such as trading systems or technical areas of trading. There is little to no value-added information/analysis for the forex trader, unless you are a complete newbie.
This book is different - and more in-line for someone who has read up on forex basics and/or has begun to dabble in forex trading and wants to begin to understand the history of different forex markets (as in their past movements), drivers of said markets, and intermarket connections. Unlike other books on the subject, there is not 200 plus pages of forex definitions and filler - it dives straight into valuable content (chapter 1 is about gold and the dollar - history, linkage, trends). It then goes on to cover oil and its linkage, the dollar's historic performance (and the drivers/causes) vs. other major currencies and other macro and micro drivers of the currency markets. This is not a trading book per se (it does not tell you how to trade various markets) - but a great supplement to the trader's understanding of the markets he or she trades in. If you trade forex but don't understand the concepts in this book, my bet is that you are a losing trader, whether you trade long-term or short.
Overall - the best book out there I have seen about the currency markets, their drivers, correlations/linkage and past performances. After reading you'll have a better understanding of the major currencies' past performances and cyclical behaviors, what drives these cycles, their linkages to one another (as well as to gold and oil), as well as understanding the impact on currency markets of central bank decisions and the trends of other markets (e.g. equities, commodities). Highly recommended for anyone currently or looking to trade forex, or someone who just wants to understand the currency markets, especially in relation to global economics/events.
Understanding the Reasons Currencies Move January 19, 2009
Nicholas P. Ellis (California)
17 out of 21 found this review helpful
Anyone who is serious about forex needs to read this book and follow Ashraf's analysis via ashraflaid [...]. Ashraf's career spans all aspects of the currency markets (from assessing risk for the World Bank to analyzing bond markets) and he truly knows what makes the markets tick.
After reading and studying his material you can watch the currency markets fluctuate based on the forces that exist in the financial world (and understand why). Gold, Oil, Bonds, the Stock Markets and World Events are all catalysts for the key driver of currencies "RISK" vs. "Risk Aversion". Ashraf explains to the reader which way the pressure moves based on these interrelated markets.
The core of this book is studying the correlations that exist in the financial markets and how they affect currency movement. Ashraf explains that these correlations come and go and that good trading is based around understanding the current set of data and the correlations prevailing. If you like politics, economics and trading then this book is a must read and re-read.
Excellent Book May 7, 2009
SkiTrader (Park City, Utah)
5 out of 7 found this review helpful
Lots of great insights into what drives the FX markets in this book. It is more geared to understanding strategic FX direction rather than providing tactical trading decisions.
Very Enlightened January 13, 2009
Tracy T. Link (San Clemente, CA)
8 out of 12 found this review helpful
Finished the book and I must say I have been enlightened. I will definitely need to review it again to hammer home the concepts, but I feel like this book has given me a deeper understanding of why financial markets behave the way they do. I wish I would have read this before learning to trade spot Forex two years ago because it would have shortened the learning curve and I would have avoid many painful leassons.
Showing reviews 1-5 of 14
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