Customer Reviews

Forex Made Easy : 6 Ways to Trade the Dollar

5 star:		(16)
4 star:		(5)
3 star:		(6)
2 star:		(8)
1 star:		(33)

 

 

Forex Made Easy is a good introduction to Forex. There are some mistakes in the book. James has cleverly disguised his book as a long sales letter introduction to his firm, his products, and his $3000 software. I have no contention with him selling his products, while offering useful information about Forex, however, I prefer books that are not biased, and that provide many resources for further investigation and comparison. This book will not lead you to any other destination but to that of Mr. Dicks. If you would like to save $3000 by NOT purchasing his software, and save yourself the cost of his book, simply go to www.cmsforex.com or www.gftforex.com, where they will provide you with FREE trading stations and all the indicators you would want or need, AND you can trade directly from their charts. Dicks software simply uses exponential moving averages and MACD as buy/sell signals. You just saved yourself $3000! A further educational resource can be found at www.forex-trading-mentor.com, if you want to jump right to the heart of the matter.

When a book is described as being a guide to make something easy or understandable and then turns out to be a sales pitch it uncovers a basic truth, you can't trust the author.

There is a web site (OANDA) that will allow you to open a practice FX trading account for free that will stay open indefinitely, the site has plenty of information on how FX trading works, how margins work and how the various indicators for technical trading work (on the trading platform you can use many different types of analysis for free). There is also a board to post questions, etc., with other traders or those interested in trading, in other words, you can learn most of the information presented here for free from more unbiased sources.

I bring all this up because there is no reason to buy this book unless you want a sales pitch, which in general, I have no problem with IF it's being given by someone that lets me know upfront that that is what I'm getting AND they are buying me lunch. When I have to PAY to get sold, I'm twice the loser.

Not all information is this book is bad, however, if you want a book that explains technical analysis, go buy one, why buy a book on making FX "easy" filled with chapters with basic explanations of candle stick charts (and tons of filler charts) and the like? No reason I can think of, my only guess is that the author figured that anyone that read this that wasn't informed or well read on the topic would be impressed, go to his web site and buy his product. In other words, what is disguised as a "how-to" guide is really a "how-to-make-the-author-money" guide. You'd think if the guy's ability in the market was so good he wouldn't need to resort to this low level (bottom feeding) type selling.

One of the reasons presented to buy this book (on the inside flap and in the beginning chapters) is to learn how to diversify your portfolio, which of course is generally seen as a good thing, so an appeal to the average investor is made. The problem with this is simply that the average investor probably isn't paying nearly enough attention to their current assets and then they are asked to buy into this FX system, which, at a minimum would require many hours of work and research. The dilemma is obvious, unless one is planning on becoming a day trader, you can't work a normal job and spent hours in study in all the various markets, there isn't enough time. Ironically, after telling investors to be diversified, the author explains that to really be able to trade FX you should really only work in a couple pairs or so, because, after all, there is simply too much information to follow multiple markets.

So there it is in a nutshell, the author wants you to be diversified BUT he tries to sell you his system to become an expert in a very narrow and specialized field. Good luck.

I bought this book looking for an introduction to FOREX, having been a futures trader for many years. While there is a reasonably good introduction to FOREX as well as some technical and fundamental information, the problems I encountered far outweighed the benefits, such as:

1. It's hard to go more than 2 or 3 pages without the author advertising some aspect of his business: his website, brokerage firm, training group, software, etc. etc. etc. In fact, he ends up devoting an entire chapter to this.
2. Whoever proofread this book should find a new profession. It's full of grammatical and spelling errors.
3. Some of the charts referenced don't even make sense. The best one was the depiction of an upward trend with the trendline drawn connecting the highs and not the lows.
4. While the book starts off in some logical order, it quickly deteriorates into meandering chapters.

I won't deny that there is some good information in here for those new to the FOREX scene. However, if you are looking for an introduction to forex, save yourself the money, log on to www.forextv.com, and watch the Online Lessons (btw, I have no affiliation with this site other than the fact that I watch it all day long now).

I have never written a review before and might not have this time but I felt that I just had to make a statement. I hope that any person with even the slightest understanding of human nature can read between the lines of each of these reveiws.

It seems to be a battle of the author's product owners against the competitor's product owners. While there may be others sprinkled in it is obvious that this review section began as an attack on the author by those from his former company and then it starting going back and forth (although some are ok and are much more mature in their comments). The reviews don't seem to be really geared toward the subject at hand - a reveiw of the book and not one that is based on the dislike that the author left one company to make a better one. These types of reviews shouldn't even be allowed to be posted. As is happening with this post, the subject shouldn't be anything but an honest review of the book and not an emotional attack against a person going out and doing better.

I read this book after a family member purchased it and started trading. It was a nice introduction and isn't portrayed anywhere in between it's covers as being anything else. It has information to expose you to the forex market since so many are not familar with it. Much more detail and specifics are learned through forex sites, brokers etc etc but it was a good book for one interested in learning about what it is and it touches on the ways that it can be done.

Anything worth doing is worth doing well and there will always be those that "don't get it" and those that "don't want to get it" and those that "don't want other's to get it" so don't let the reviews here keep you from reading this book or taking control of your destiny.

My family has had products from both companies mentioned in these reviews and while they both work (if you work) the author's company, product, customer service, pricing and availibility are far better.

No book, system, software or package of any kind for any subject will meet the expectations or the needs of all the people all the time but if you read, study, practice, listen, and expose yourself with time, patience, persistence and positive thoughts then you will get something out of it. My entire family will be retired within the next 2 or so years as long as the written plan and goals continue on track. Thank you Mr Dicks.

Just finished the Forex made easy and it did not take long.
Although this book may be very good for people who are completely new to FOREX the author does not present any new revolutionary ideas on how to trade FOREX. The book just manages to scracth the surface and introuduce different aspects related to FOREX trading.

I was able to find the same info (another reader also mentiones this) and even more detailed for free on the web.

A big drawback to this book is that the author seems to send out the message that as long as you have the right charts etc. you can become a successful traders and only briefly mentiones the mental side of trading.

So if you are new to FOREX you might be abel to get a peak into the world of FOREX but reading this book won't make you an ace trader.

This book systematically peps you up and leads you to buy his software and alert system. There are better books, avoid this one. There should be a category in PUBLISHING called "INFOMERCIAL".

It is because I am an entrepreneur and a capitalist that I got into Forex trading. Therefore I must admire and respect those who achieve monumental success such as James Dicks. And I actually enjoy reading a book or e-book that is a good sales letter for another product. People who resent such things would do well to go through T.Harv Eker's Millionaire Mind training and other such wealth consciousness training. However, I think most people in the Forex world now realize that Forex Made Easy is a software that produces green arrows for a buy signal and red arrows for a sell signal. The programming behind the software, I am told, is based on a simple signal that is taught in at least a similar form in many introductory trading courses. Following the signal requires users to remain ignorant of all the other factors that could eliminate most of the losses. Many people who started out with Forex Made Easy have told me that they did not start learning to trade until they went on to other sources of training. I believe that Forex Made Easy may not have ever had their customer's best interest nor their success as a motivating factor when creating the company. They have made a huge amount of money with late night TV commercials and high pressure "free introductory seminars".

And now that their reputation is well known to be less than honorable the company has reincarnated as Premiere Trading with a new round of late night TV commercials. I am not saying that Premiere Trading is connected with Forex Made Easy. But apparently James Dicks is the leader of both companies. Of course, there is nothing wrong with advertising on late night TV. I am just a little concerned about the integrity of these organizations. The real profit in this industry is in finding a continuous stream of new customers and connecting them with an Introducing Broker and watching them lose their accounts in the first 6 months. Consequently, it is hard to find sources of help in the Forex world that are committed to the long term success of their clients. The industry is driven by the unregulated Forex brokers and most of the training and information that is available is geared toward what makes the most money for the brokers.

A book based on an infomercial. I should have known that it was garbage. This is just to sell his system, I should have read the other reviews before purchasing.

I'm new to Forex trading and have made some money, but not from anything I learnt from this book. There are good books out there by authors that are not hawking a product. Don't be discouraged, just learn it elsewhere. Trading currency or stocks is never going to be "easy."

Good luck, everyone

I don't understand the vitriolic comments by some of the people here! I read the book in May with zero knowledge of the Forex. It wasn't filled with advertising for his products - it was covered in one section along with other peoples platforms.

I bought his software, and no it wasn't cheap. But... it has paid for itself. I struggled at first and lost money until I quit trying to jump right into the advanced charting stuff. I listen to as much of the free training as I can and they tell you exactly what to do to be successful. I simplified and took their advice - "Trade 2 time frames out of the yellow zone as long as the volatility and buying pressure are at high enough levels." Bingo! Right now I am up 75 pips on EUR/USD and 35 pips on GBP/JPY. Another trade is at -6 pips right now but is slowly climbing up to profitability.

I'm not an employee and have never personally met anyone at the company. From what I have heard during the training, most people who are having trouble are trying to make it too complicated and want to run all the fancy charts when the software combines many of the charting intricacies and hides them behind a simple to follow colored zone system. Following the colored zones seems too easy and it doesn't impress their friends enough. How big an ego boost is it to show your friends, "I wait until the price closes 2 time frames out of the yellow zone. Then, I check the buying pressure meter to make sure it is strong enough and the volatility meter to make sure it is high enough." Your friends won't think you are a genius if you don't show them fancy charts!

The book IS simplistic in many ways, but the title DOES say "made EASY!" It was a good introduction and the section on mistakes traders make was very good and has helped me not to stay in bad trades too long but be more willing to cut my losses and run.

It has made a big difference in my life, and if someone uses this software and can't make it work, then they should stick with a regular job and losing money in the stock market. You are probably trying to make it too complicated or you are forcing trades. It can take awhile for a trade to form with all the indicators lined up properly, and it can be frustrating when you first start to have to wait 3 days before something lines up. But, I'd rather have a profitable trade every few days than have a bunch of losing trades every day.

This book gives the layperson the most superficial of insights into the forex and a quick lesson in some extremely basic technical analysis of charts. But the book really does read as an advertisement for the author's website/company services. A person looking to really learn would be better off reading Raghee Horner's new book or "Forex for the small speculator".