Forex Essentials in 15 Trades: The Global-View.com Guide to Successful Currency Trading (Wiley Trading) (Hardcover)

by John Bland (Author), Jay M. Meisler (Author), Michael D. Archer (Author)
Key Phrases: exit date, position trader, day trader, Goodman Swing Count System, Goodman Wave, Entry Date (more...)

Editorial Reviews

Product Description
Traders are constantly learning their craft. Those who do not share information, discuss tactics and review prior trades are doomed for failure. Global-View.com knows this. It is the leading destination for Forex traders looking to learn and discuss trading. With over 33,000 registered users from 125 countries, Global-View.com exposes its users to an incredible base of knowledge.

In this book, the authors dissect each of 15 chosen trades, using the material to expose some of the best (and worst) practices of a Forex trader. The book weaves a plethora of Global-View.com information into the detailed dissection. Each description will include how the trade was selected and why it was made, as well as money management and psychological aspects of the trade. Entertaining anecdotal stories are interspersed throughout each trade story.

From the Inside Flap

An inside look at professional FOREX trades

FOREX is a market like no other. Available twenty-four hours a day, with $3.5 trillion in various currencies changing hands daily, it offers the disciplined trader huge potential returns, with the risks to match. Of course, such a dynamic market is usually treacherous for those who dabble. Effective FOREX trading takes a game plan, a learned ability to both act and react, and most of all, a healthy dose of respect.

Written by the creators of Global-View.com, the original FOREX forum, FOREX Essentials in 15 Trades is an informative, entertaining look at how the market works and how traders make it work for them. Whether you're a new or experienced market participant, you'll appre-ciate the real-world experience of Global-View.com's more than 50,000 members—who come from over 160 countries—woven throughout this pragmatic guide.

Divided into three parts, FOREX Essentials in 15 Trades first gives you a primer on FOREX basics, moving from pips, pairs, and crosses, to the ins and outs of placing orders, to finer points like King Kong syndrome and Jubbs stops. After reviewing key terms and principles, the authors then analyze fifteen actual trades—some profitable, some losers—giving you an invaluable look at how various traders operate. The final section includes key information from the Global-View Web site, which will help you apply the trades to your daily business.

With FOREX Essentials in 15 Trades, you'll learn how to:

• Avoid common mistakes for new traders

• Select a FOREX broker

• Determine your trading profile and time horizon

• Develop good habits for your trading practice

• Apply both technical and fundamental analysis to potential trades

• Use margin effectively

• Make evolutionary trading changes to boost your returns

• Manage your money on good and bad trading days

• Trade in a crisis economy

• Trade the news

• And more

With numerous "Inside Scoop" commentary boxes, trading charts, chapter summaries, and recommended links, FOREX Essentials in 15 Trades gives you a thorough, lively trading guide that also plugs you into the exciting Global-View.com trading community. A complete resource for becoming a better trader, this book will get you learning—and returning—more from your FOREX trading.

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Product Details

• Hardcover: 304 pages
• Publisher: Wiley (March 9, 2009)
• Language: English
• ISBN-10: 0470292636
• ISBN-13: 978-0470292631
• Product Dimensions: 9.1 x 6.3 x 1.3 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars See all reviews (9 customer reviews)
• Amazon.com Sales Rank: #102,407 in Books (See Bestsellers in Books)

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  #14 in	Books > Business & Investing > Finance > Foreign Exchange
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Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

5.0 out of 5 stars Enriched my trading experience immensely , April 7, 2009

By	Nina C Robinson (New York, NY) - See all my reviews

I don't usually take the time to write reviews... but felt it was a worthwhile endeavor this time. I bought a bunch of books on trading currencies to try and get more perspective on how others think about and approach the forex market. I never worked in finance, so i don't have a personal network of connections to collaborate and share ideas with. This Global-View.com guide, more than any of the other books I picked up, gave me what i was looking for. All the books lay out specific chart patterns, market fundamentals, and different trade setups, but what set this one apart for me was the community behind it. The book is a gateway to this global network of professionals and like-minded traders around the world. It's "crowdsourcing" and knowledge sharing at its finest, brought to bear on the addictively exciting and impossibly complex puzzle that is the fx market. The book and its authors introduced me to a live community that's been my broadening my market knowledge and enriching my trading experience more than any ordinary book on technical studies or fundamental analysis ever could.

1 of 1 people found the following review helpful:

2.0 out of 5 stars 2 Good Chaps, April 18, 2009

By	Tradalai (Swiss) - See all my reviews

I liked Chap 4 - Fundamentals and Chap 25 Shanghai BC and for these alone it may be worth a read. The rest is so so. Its by no means a must have book for forex trading and really is a promotion for Global View - which is ok too.

3 of 4 people found the following review helpful:

4.0 out of 5 stars Informative and very useful book, March 13, 2009

By	M. Lamb (new york, New york USA) - See all my reviews (REAL NAME)

Wow. This book was certainly helpful.I think anyone remotely interested in currency trading or even those with experience can profit greatly by reading this book. I really liked how the authors passed on their real world experiences not just class room type examples. It also functioned as a cautionary tale- trading is not just a bunch of numbers and I better be prepared before I get started. I would have liked to see some setup patterns in the trades section, but why quibble. This was a readable and most important a usable book that I will dip into often. It is definitely well worth owning. I also plan to spend some time on the global-view website. I have already found that extremely helpful and user friendly.