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Currency Trading For Dummies Paperback – July 5, 2011
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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.
Even though it is written, by a GAIN Capital Strategist, the information is presented in an unbiased and completely educational mode.
I would highly recommend this book, to anyone planning to learn how to trade in the Forex Market.
Most Recent Customer Reviews
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 2 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 3 months ago by Shaunt Der-Grigorian
Yes; an incredible amount of information I could understand.Published 15 months ago by Diane Clinton
I couldn't get into this book. I'm trying to learn about the basic fundamentals of currency trading. Read morePublished 18 months ago by Amazon Customer
If you are a dummy you shouldn't be trading anything, let alone forex. Nothing in this book will teach you how to make money. Read morePublished 18 months ago by Buster Boy