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Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading
 
 
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Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading [Hardcover]

Peter Rosenstreich (Author)
3.0 out of 5 stars  See all reviews (14 customer reviews)


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Book Description

June 12, 2005

"For many investors, an intense, 24-hour-a-day, $1.5 trillion roller-coaster of a market spells "danger"; for readers of Forex Revolution, the word is "opportunity."

—Michael J. Panzner, vice president, Rabo Securities USA, Inc., and author of The New Laws of the Stock Market Jungle

"The author possesses an uncommon ability to describe a difficult and rapidly changing marketplace as if seen through a beginner's eyes. A most useful book for anyone that might not have been paying attention these past five years as the market reinvented itself."

—Brentin C. Elam, director, Northcoast Asset Management, LLC

Foreign currency exchange—"Forex"—is today's #1 new investment opportunity. Revolutions in technology, regulation, and globalization have made Forex trading accessible to every active investor. Only one thing has been missing: An objective, clear "user's guide" to Forex trading. Now it's here—and it's in your hands.

Simply and clearly, Forex Revolution reveals everything you need to know to trade Forex hands-on—from fundamental and technical trading strategies to the unyielding discipline that's essential to success.

In this book, Peter Rosenstreich brings together insider techniques from all over the industry: Traders, banks, Forex firms, even the National Futures Association. You'll find expert guidance on everything from handling 24/7 markets to profiting from the emergence of China.

Unlike other books, Forex Revolution doesn't require you to subscribe to costly services or purchase expensive tools. Whether you're an individual investor or a money manager new to Forex, this book gives you all you need: Facts, techniques, resources and—above all—the insider's edge.

  • Why Forex has become your #1 profit opportunity
    How the currency markets became indispensable to the active investor

  • Meet the players, markets, tools, portals, and platforms
    Everything you should know before you get started

  • Choose the right FX investments
    Understand currency futures, options, swaps, and more

  • Master both fundamental and technical trading strategies
    and discover why you need to know both

  • Gut check: What it takes to win in the Forex markets
    Develop the discipline you need to succeed

Foreign Exchange Trading: Today's #1 Opportunity for Explosive Profits!

  • The practical, hands-on Forex trading guide for individual investors

  • No costly subscriptions or expensive tools needed

  • Delivers unbiased, up-to-the-minute techniques you can start profiting from today

  • Covers everything from trading rules to fundamental and technical strategies

  • Realistically assesses risks and pitfalls—and shows how to avoid or mitigate them

Forex Isn't Just the World's Biggest Market—It's Your #1 Profit Opportunity!

Every day, more than $1.5 trillion in currency trades are executed. That dwarfs the daily volume of the NYSE, NASDAQ, FTSE, DAX, and Tokyo Nikkei—combined! Today's growing currency volatility has made Forex the place to earn huge profits. Think Forex is just for secretive financiers and central bankers? Not any more! The rules have changed, and this book shows you exactly how to get in on the action.

No other book offers as much unbiased, practical, how-to guidance for trading from Forex. Peter Rosenstreich doesn't just present his own techniques—he reveals never-before-published tips and techniques from traders throughout the industry. Above all, Mr. Rosenstreich tells you the whole truth: How currency markets work, how to trade, what the risks are, what to do about them...and what it really takes to win.


© Copyright Pearson Education. All rights reserved.

--This text refers to the Paperback edition.


Editorial Reviews

From the Back Cover

"For many investors, an intense, 24-hour-a-day, $1.5 trillion roller-coaster of a market spells "danger"; for readers of Forex Revolution, the word is "opportunity."

–Michael J. Panzner, vice president, Rabo Securities USA, Inc., and author of The New Laws of the Stock Market Jungle

"The author possesses an uncommon ability to describe a difficult and rapidly changing marketplace as if seen through a beginner's eyes. A most useful book for anyone that might not have been paying attention these past five years as the market reinvented itself."

–Brentin C. Elam, director, Northcoast Asset Management, LLC

Foreign currency exchange–"Forex"–is today's #1 new investment opportunity. Revolutions in technology, regulation, and globalization have made Forex trading accessible to every active investor. Only one thing has been missing: An objective, clear "user's guide" to Forex trading. Now it's here–and it's in your hands.

Simply and clearly, Forex Revolution reveals everything you need to know to trade Forex hands-on–from fundamental and technical trading strategies to the unyielding discipline that's essential to success.

In this book, Peter Rosenstreich brings together insider techniques from all over the industry: Traders, banks, Forex firms, even the National Futures Association. You'll find expert guidance on everything from handling 24/7 markets to profiting from the emergence of China.

Unlike other books, Forex Revolution doesn't require you to subscribe to costly services or purchase expensive tools. Whether you're an individual investor or a money manager new to Forex, this book gives you all you need: Facts, techniques, resources and–above all–the insider's edge.

  • Why Forex has become your #1 profit opportunity
    How the currency markets became indispensable to the active investor

  • Meet the players, markets, tools, portals, and platforms
    Everything you should know before you get started

  • Choose the right FX investments
    Understand currency futures, options, swaps, and more

  • Master both fundamental and technical trading strategies
    and discover why you need to know both

  • Gut check: What it takes to win in the Forex markets
    Develop the discipline you need to succeed

Foreign Exchange Trading: Today's #1 Opportunity for Explosive Profits!

  • The practical, hands-on Forex trading guide for individual investors

  • No costly subscriptions or expensive tools needed

  • Delivers unbiased, up-to-the-minute techniques you can start profiting from today

  • Covers everything from trading rules to fundamental and technical strategies

  • Realistically assesses risks and pitfalls–and shows how to avoid or mitigate them

Forex Isn't Just the World's Biggest Market–It's Your #1 Profit Opportunity!

Every day, more than $1.5 trillion in currency trades are executed. That dwarfs the daily volume of the NYSE, NASDAQ, FTSE, DAX, and Tokyo Nikkei–combined! Today's growing currency volatility has made Forex the place to earn huge profits. Think Forex is just for secretive financiers and central bankers? Not any more! The rules have changed, and this book shows you exactly how to get in on the action.

No other book offers as much unbiased, practical, how-to guidance for trading from Forex. Peter Rosenstreich doesn't just present his own techniques–he reveals never-before-published tips and techniques from traders throughout the industry. Above all, Mr. Rosenstreich tells you the whole truth: How currency markets work, how to trade, what the risks are, what to do about them...and what it really takes to win.


© Copyright Pearson Education. All rights reserved.

About the Author

Peter Rosenstreich is a principle and foreign exchange trader for Rose Stevons & Company, a boutique New York alternative investment firm specializing in providing retail clients with innovative, structured products. Mr. Rosenstreich has extensive experience in the retail Forex sector. He is licensed with a series 3, 7, and 63, and is registered with the NASD and National Futures Association as a Commodity Trading Advisor (CTA). Mr. Rosenstreich holds a BA in History from Clark University and an MBA from the City University of New York, Zicklin School of Business.


© Copyright Pearson Education. All rights reserved.


Product Details

  • Hardcover: 304 pages
  • Publisher: Financial Times Prentice Hall Books (June 12, 2005)
  • Language: English
  • ISBN-10: 013148690X
  • ISBN-13: 978-0131486904
  • Product Dimensions: 9.2 x 6.1 x 1.3 inches
  • Shipping Weight: 1.4 pounds
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (14 customer reviews)
  • Amazon Best Sellers Rank: #1,147,058 in Books (See Top 100 in Books)

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Customer Reviews

14 Reviews
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Average Customer Review
3.0 out of 5 stars (14 customer reviews)
 
 
 
 
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34 of 38 people found the following review helpful:
4.0 out of 5 stars Solid Basics, January 15, 2006
This review is from: Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading (Hardcover)
Author Peter Rosenstreich's short, concise guide is a neophyte's introduction to the world of foreign exchange trading. Its chief virtue is that it warns against trading if you don't have a strategy and some level of technology. Its chief vice is the suggestion that it is realistic for individual investors to expect to make money in the foreign exchange markets. The author cautions against the risks of the market (and gives good advice on spotting the most egregious frauds), but even to suggest that an individual retail trader equipped with an Internet connection, a news feed, a research source and a charting service can hope to succeed in Forex investing is a bit misleading. Perhaps, it would have been more enlightening if the author had discussed the competition that confronts the potentially foolhardy neophyte, in terms of equipment, technology and expertise. That said, readers will gain an elementary - but not really an insider's - acquaintance with the ABCs of the Forex markets and will learn the names of key agencies and approaches. We find that the book's most useful attributes include references to further reading that should deter novices from attempting to trade their own money in the foreign exchange markets. For solid basics, read on - but zip your wallet.
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38 of 43 people found the following review helpful:
3.0 out of 5 stars Just an overview, July 6, 2005
By 
This review is from: Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading (Hardcover)
If you're looking for just a high level overview of the Forex market, this is probably a good start. It is not, however, a system or technique. Essentially, the author states that each trader needs to develop their own that works for their personality. Personally, I think a lot of what is in the book seems like just a long encyclopedia article -- all valid data but short of insight and any real meat.
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15 of 17 people found the following review helpful:
5.0 out of 5 stars for both laypeople and professionals..., August 26, 2005
By 
This review is from: Forex Revolution: An Insider's Guide to the Real World of Foreign Exchange Trading (Hardcover)
As a really under-informed layperson, I found this book enormously useful for its clear explanations of what had been (to me, at least) a completely unknown investment area. But I have to say that I enjoyed this book just as much for the opportunity to peer into the lives of the foreign exchange traders themselves--the hours they keep, the challenges in the field. I enjoyed (funny to say this about a financial book...) Forex Revolution for these good human-interest stories as well as for its valuable insights into what I'd always assumed was a very arcane subject. No more, thanks to Rosenstreich's new book.
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Inside This Book (learn more)
First Sentence:
I love Asia: it smells of raw capitalism. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
specific currency pair, retail forex, demo account, currency pairs, voice broker, beige book, interbank market, technical traders, technical patterns, trading vehicles, dealer members, orderly market, trading platform, retail trader
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Wall Street, Federal Reserve, Bank of America, Bretton Woods, National Futures Association, Hong Kong, Forex Minimum, European Union, Commodity Futures Trading Commission Headquarters, Great Britain, Bank of England, Southeast Asia, Alan Greenspan, Business Week, Soviet Union, Bollinger Bands, Commodity Futures Modernization Act, First Equity, George Soros, New Zealand, Prime Bank, Russian Free, Big Mac, Each Forex
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