Customer Reviews

Foreign Currency Trading: From the Fundamentals to the Fine Points

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Do not waste your time and money. The "authors" (much a dignified word for the compilers of this mismatched and unfocused jumble of trivial materials) are the owners of PFG Inc., and the obvious purpose of this book is to get your business. Their main tactics are: a) The tedious description of all conceivable risks associated with broker selection, the implication being that they (PFG Inc.) are the no-risk choice. b)Four chapters grinding the theme of how risky is to do it on your own (chapter 2: "What you don't know may hurt you", chapter 4: "Buyer beware, be very aware", chapter 5: "Are you qualified to invest in Forex?" and chapter 9: "The sensitive question of risk, risk, risk ...") and one (chapter 7) where they tie it all leading you to the grand conclusion: use the services of Currency Investment Managers! (Your choice shoulod be them, of course.) Of the 241 pages, 114 pages are apendices with forms, primitive-looking graphs, and glosaries you can find in a couple minutes for free using a search engine. Voila', there you have it: nothing about trading, much about cover-selling you their services.

I have been trading futures and options for 11 years. I have written three books on the subject. This is the worst example of authoring that I have ever seen. There are no real insights into the subject of Foreign Currency Trading. Mr.Wasendorf fails dismally at being objective and goes overboard in promoting his company PFG. I was sorely disappointed. I was really looking forward to additional insight into Foreign Currency Trading.

... I have no idea what objective these guys had in mind when they sat down to write this book.... This book is just a bunch of information thrown together (probably downloaded from the internet) and they obviously took no time to put any real effort into this book. I was terribly dissappointed with my purchase of this book.....look elsewhere if you are interested in getting started in forex trading.

PFG (the authors company) was GIVING this away late March '02... Good thing too as its extremely weak. Almost half is devoted to Glossaries, Charts, and "standard FX agreement - easily downloadable from any FX firm). In fairness, the reading is a decent commentary regarding risks involved in FX. If your looking for some real "meat" to further understand FX, you wont find it here!

this book is very heavy on the operational, functional aspects of fx trading. it is not a book on strategy, but does not claim to be either. for someone looking to get into fx trading, the material here is useful to provide a macro view of the process and the background of the rise in popularity of fx trading, and what to look for in terms of fx service. if you do not get that information from this book, you would be well-served to get it somewhere. if you already have the basics, history, fundamentals, etc. you can find more thorough treatments of strategy elsewhere. this book is a little misleading in the sub-title "from the fundamentals to the fine points". one might expect that the book covers everything one needs to know to mount a trading strategy, when what the book really delivers is "fundamentals and the fine points often overlooked because they are not necessary in determining future success or failure in the fx markets".

this book has one helpful area; it gives you a good list of questions to ask your forex broker/dealer before you sign on as customer; appears to be casting for clients for his firm; otherwise a waste of eyeballs.

I am a begginer in the field of currency trading. I don't usually take the time to review somebody's work, I am bussy with my own; however, this book has been such a dissapointment. I don't think that the writer was terribly concern with the reader's improvement in the field rather than excite him to invest in e-trading. I assume that the fact that he, the writer, owns an e-trading firm is enough of a proof for this statement. Don't buy it!

I'll summarize this book for you -- "Foreign Currency Trading is difficult, if you want to learn more, send us some more money and we will enroll you in a class."

Save your money, buy yourself a newspaper instead.

I was dissapointed as I expected this book to really focus on different strategies for fx traders for their portfoliio. Instead it concentrates too much on operational issues, legal documentation and different types of risk in the market (without offering strategies to hedge those risks). It has 32 pages of useless charts, 47 pages of terminology and even discusses legal fx court cases. Sorry, not for me......

I started reading this book, but after the first two chapters I returned it to the store so that I could buy a book dealing with what I wanted to know. But, to be fair, this author did write a good book on the basics of futures trading.