Customer Reviews

Forex Simplified

5 star:		(3)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(3)

 

 

I bought this book on a whim because I was frustrated. Incredibly, I couldn't find any information on how to figure out the swap rate. I have 3 big forex books on my shelf and they wax eleoquent about technical analysis, the Bretton Woods agreement, how to make a fortune, and etc. - but do not explain something as fundamental as figuring the swap rate - or even why there is such a thing! I tried Googling for it, and got tired of trying to sort through the deluge of irrelevant and mostly commercial results. So when I read "swap rate" in the book description here at Amazon.com - I bought it immediately with expedited shipping!

When I recieved the book, I quickly found the answer. The author made it easy to understand. Then I got curious about the rest of the book, and sat down and read it in one day. I really like the author's no B.S. style of writing. She covers the really important stuff in a concise, easy to understand way. She includes personal anecdotes from her own trading experience which made it fun to read. She does not try to tell you how you can beat the market every time and get rich overnight by using her secret trading system - (like so many other books and web sites). I find it refreshing to read a book like this that takes little of my precious time, yet gives me the essential tools I need to help me find my own way to success.

I agree with Ed Ponsi the author of some good Forex dvd's when he said "This book is a refreshingly honest work that contains no hype or promises of easy money. Instead, Marilyn covers all of the bases in a truthful manner and gets right to the core issues that determine success or failure in the Forex market. This manual will serve as a much needed eye opener for those who have been 'blinded by the hype. I am happy with what I got out of it.

Forex Simplified is ideal for any forex beginer as it details out the basic thing to watch out for as well as other gidelines that help a forex trader perform well in the forex market. I give it a 4 start rating.

The other reviewer was right, very chatty tone but nothing that would prepare anyone for a forex trading experience.

This book starts off with a factual error on the first page of the introduction and goes downhill from there. It is not true that individuals were able to start trading in FX only in 2000. What about the futures market? Other errors abound, like the assertion that no other market is so "schizophrenic." There is no evidence and none offered here that the FX market is more volatile or choppy than any other security. As for the section on swaps, there is no mention of the underlying money markets that determine the swap rate. The tone is chatty to the point of cutesy, which is annoying. The writer is obviously an amateur in both trading and in FX. The section on technicals is lifted wholesale from other sources and offers no insight, while the fundamentals section is laughably brief and context-free. A waste of time.

This book reads more like a pamphlet than an actual book. If you're looking for anything beyond the most basic introduction, look elsewhere.