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Currency Trading For Dummies Paperback – July 5, 2011
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Read tips (PDF) from the author for choosing a broker for currency trading.
Top Customer Reviews
I haven't finished the book yet, but I can say that Brian Dolan is a very good writer and seems to know his topic. Some writers are unclear when explaining points they don't thoroughly understand themselves. Dolan's clarity and precision are impressive.
The discussion of forex trading mechanics could perhaps have been done better. I think the author too closely associates it with the likes of stock trading in terms of buying and selling. It makes the general point, but could leave some readers with the wrong impression of how things work in retail forex in that it may imply to readers there's actual currency ownership involved, which isn't the case.
I also found the section on order types rather clunky. It takes up much more space than is necessary to talks about stop and limit orders, even accounting for the different ways they are referred to in some cases.
Dolan does take a very thorough look at interest rates, monetary policy, and currency policy in his discussion of drivers of exchange rates, though. He goes into sources and types of information and the major economic and other data elements that go into forex market analysis. This includes a listing of the key reports for each of the major economies, though I would suggest that these things tend to change in importance over time.
The section of the book I think a lot of readers will find most valuable is the one which goes through the major currency pairs and talks about their individual characteristics. This isn't something I've seen done in such detail in other books. This includes both technical and fundamental considerations for those pairs.
There's also a good section on risk.Read more ›
This author is in effect encouraging people to lose money, and his company, one of the biggest forex brokers (outside the 5 or 6 major banks who offer forex trading accounts to private individuals ) will be among those who take that money.
Most Recent Customer Reviews
OK......an informative explanation on currencies & their trading. & terminology.Published 3 months ago by john3005us
I don't think I am able to review this book, as I am new to the topic, however it gives a good overall introduction to the topic and it is well-written. Read morePublished 6 months ago by Andreas Tasoulas
This book is full of useful information, but is NOT written for beginners. Terms are used with little to no explanation as if the reader is already very familiar with forex.Published 7 months ago by Shaunt Der-Grigorian