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Essentials of Foreign Exchange Trading (Essentials Series)

Essentials of Foreign Exchange Trading (Essentials Series)

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Author: James Chen
Publisher: Wiley
Category: Book

List Price: $39.95
Buy New: $21.04
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Seller: indoobestsellers
Rating: 4.0 out of 5 stars 17 reviews
Sales Rank: 151,814

Media: Paperback
Pages: 221
Number Of Items: 1
Shipping Weight (lbs): 0.6
Dimensions (in): 8.9 x 6 x 0.8

ISBN: 0470390867
Dewey Decimal Number: 332.45
EAN: 9780470390863
ASIN: 0470390867

Publication Date: March 9, 2009
Availability: Usually ships in 1-2 business days

Features:
  • ISBN13: 9780470390863
  • Condition: New
  • Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

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  • Kindle Edition - Essentials of Foreign Exchange Trading

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Editorial Reviews:

Product Description
This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win.

JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broker. An expert on forex trading and technical analysis, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis, leads forex trading seminars, and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options (SFO) Magazine.


Customer Reviews:
Showing reviews 1-5 of 17



5 out of 5 stars Excellent book on currency trading   March 9, 2009
bspringholz (New York, NY United States)
26 out of 28 found this review helpful

I have spent 20 years researching and trading stocks and bonds, and was interested in currency trading. I purchased a number of books on foreign exchange. I read this book first, Essentials of Foreign Exchange Trading, and I found it an excellent choice. It has also been a good companion to my experimentation and trading on one of the major FX trading websites.

It starts off with a good introduction to the principles of currency trading and includes a discussion of a wide range of trading approaches to help understand which best fit your personality and style. The chapters that dive in on technical analysis (using candlesticks, moving averages, fibonacci/pivot point, elliott wave) are especially good; it is obviously the author's specialty. That was good for me since my background is in fundamental analysis and the author's treatment of technical analysis was comprehensive and helpful. The sections on fundamental analyses were good too, although I went through them quickly given my familiarity. My primary focus was to "expand the toolbox" with technical analyses and this book served that goal. Also, importantly, the book is written in an entertaining and fluid style. It was easy to read and absorb.

Overall, I found the book excellent and recommend it.



5 out of 5 stars Very Helpful Guide to Trading Forex   August 26, 2009
Joseph S. (San Diego, CA)
9 out of 9 found this review helpful

I've been struggling with my Forex trading for more than a year now. I spent 100's of dollars on a bunch of Forex strategies online, but they never helped me become profitable. This book really helped me understand how I should go about trading this market. IMHO, the information in this book is worth so much more than any off-the-shelf, plug-and-play strategy that I ever bought. This book gives you an intelligent way to formulate your own strategies and really helps you understand how the Forex market works. I keep 5 reference books at my trading station for reference at all times. Besides Marcel Link's book on high-probability trading, the John Murphy book on technical analysis, Alexander Elder's Trading for a Living, and Van Tharp's book on trading systems, this book is the one I go to for all Forex-specific information.


5 out of 5 stars Great read - definitely recommend it   March 5, 2009
Warren C. Hutchison
18 out of 21 found this review helpful

I traded forex a couple of years ago and I've just gotten back into it recently. Got this book right when it came out because I've been following the author's daily currencies analysis and attended a few of the webinars he gives. From the title of the book I was thinking that it might be a bit basic for me since I've traded forex pretty extensively before. But it's turning out to be extremely helpful because it has a lot of really useful strategies and techniques. The book pretty much goes all the way from beginner to advanced and explains everything really thoroughly and clearly. I have two other books on forex trading that I bought in the past, but this one is by far the most complete and useful one. For me, chapter 5 on forex trading methods and strategies was one of the most comprehensive descriptions of trading strategies that I've seen. Also really liked the technical analysis chapter. Definitely recommend this book.


5 out of 5 stars First-rate forex book, worth its weight in any currency!   March 11, 2009
Ed Alleyne (Erie, PA USA)
11 out of 14 found this review helpful

I've either read or skimmed through pretty much all of the books available on forex and technical analysis. I rank this book among the best because it provides all of the most practical information on trading forex that someone needs without holding anything back. And it doesn't contain a bunch of hype like many other books on trading do. It's also very clearly written. I've already taken a bunch of ideas from this book that are helping me become a much better forex trader.


5 out of 5 stars well written, concise yet informative   October 20, 2009
trader23
3 out of 3 found this review helpful

The author has a very clear and cogent writing style that makes this book an enjoyable read while giving the reader a thorough insight into the sometimes murky field of technical analysis. As the title implies, this book is THE primer that one needs to embark on an extended study of this topic. It was very thorough, as it covered all the most important areas of forex trading. I think he did an especially good job of covering technical analysis as it applies specifically to the forex market. Since I tend to lean more towards fundamental analysis, his book gave me some good insight into how technicals work in helping to point out logical entries and exits.I would highly recommend it!!

Showing reviews 1-5 of 17



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