The Complete Idiot's Guide to Foreign Currency Trading (Paperback)

by Gary Tilkin (Author), Lita Epstein (Author)

Editorial Reviews

Product Description
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

About the Author
Gary Tilkin is the founder and CEO of Global Forex Trading, an on-line trading company foreign exchange, and a nationally renowned expert in currency trading and future markets with over 30 years of experience.

Lita Epstein is a financial writer who also develops online courses on investing for retirement and finance and investing for women. She is the author of The Complete Idiots Guide to Social Security and Medicare.

Product Details

• Paperback: 256 pages
• Publisher: Alpha (March 6, 2007)
• Language: English
• ISBN-10: 1592575889
• ISBN-13: 978-1592575886
• Product Dimensions: 8.9 x 6 x 0.8 inches
• Shipping Weight: 11.2 ounces (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars See all reviews (10 customer reviews)
• Amazon.com Sales Rank: #163,579 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #17 in	Books > Business & Investing > Finance > Foreign Exchange
  #92 in	Books > Professional & Technical > Accounting & Finance > International > Finance

Customer Reviews

Most Helpful Customer Reviews

15 of 18 people found the following review helpful:

5.0 out of 5 stars Insightful looking into global markets, March 16, 2007

By	Manocurrency "manocurrency" (Santa Clara, CA USA) - See all my reviews

Being new to the foreign currency markets I found this book to be very good at answering the questions that I didn't know or was too embarassed to ask anyone. Clearly written, I think it is a must read for anyone that is thinking about trading currencies, or anyone who has traded currencies but may still have questions.

3 of 3 people found the following review helpful:

1.0 out of 5 stars Buy Currency trading for Dummies instead, July 7, 2008

By	M. Pizzullo "Sonuvspam" (Trenton NJ) - See all my reviews (REAL NAME)

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.

14 of 19 people found the following review helpful:

1.0 out of 5 stars Terrible, July 2, 2007

By	E. Nelson - See all my reviews (REAL NAME)

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.