The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader (Wiley Trading) (Paperback)

by Abe Cofnas (Author)
Key Phrases: upper band, lower band, forex prices, United States, New Zealand, Fundamental Personalities of Currencies (more...)

Editorial Reviews

Product Description
A pioneer in currency trading shares his vast knowledge

The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material. Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more. Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market.

Abe Cofnas (Orlando, FL) has been the forex trading columnist for Futures magazine since 2001. He formed Learn4x.com-one of the first Web-based interactive training sites devoted to forex trading in 2001 as well.

From the Back Cover
"In addition to satisfying those with a healthy obsession to work on improving their professional skills, The Forex Trading Course will force readers to think outside the box and to develop an appetite for the pursuit of knowledge about trading." --From the Foreword by Dr. Steve H. Hanke, Professor of Applied Economics Johns Hopkins University

"Abe Cofnas puts his outstanding credentials to work as he shares with readers a solid educational program in The Forex Trading Course. He delivers a straightforward explanation of the fundamentals that drive FX markets. He gives a detailed description of vital technical analysis tactics, including what set-ups to look for, trend line breaks, Fibonacci analysis, and my favorite, pivot point analysis. He ties it all together to teach traders various trading styles, from a scalper to a position trader, who want to capture longer-term trends for maximum profits. His strategies on stop-loss placement and profit targets are mandatory components that all traders will benefit from . . . immensely. Study this book. Read it and practice these principles. This book delivers the steps to success for all serious FX traders.

"I believe The Forex Trading Course is the best single resource available if you are serious about learning how to be successful in the forex market, whether you are a short-term trader or a long-term speculator. In this book, Abe Cofnas does what few can, he fuses together the key fundamental and technical analysis tools into an understandable framework that will allow you to develop and apply a comprehensive forex trading methodology that works over time. And as most real-life traders will tell you, that's the best you can do."

--Jack Crooks, President, Black Swan Capital

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Product Details

• Paperback: 240 pages
• Publisher: Wiley (November 2, 2007)
• Language: English
• ISBN-10: 0470137649
• ISBN-13: 978-0470137642
• Product Dimensions: 9.9 x 7 x 0.7 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 3.6 out of 5 stars See all reviews (8 customer reviews)
• Amazon.com Sales Rank: #156,872 in Books (See Bestsellers in Books)

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  #21 in	Books > Business & Investing > Finance > Foreign Exchange
  #80 in	Books > Professional & Technical > Accounting & Finance > International > Finance

Customer Reviews

Most Helpful Customer Reviews

37 of 39 people found the following review helpful:

5.0 out of 5 stars THE book for beginners, February 14, 2008

By	Silkroad (Austin, TX United States) - See all my reviews

For those of you, like me, who actually want to learn to trade forex and don't know where to start, this is the book to buy. I reviewed lots of others, was disappointed that they either spent most of the book shilling a particular book/system/company, or else they gave a high-level overview of everything in the forex universe, but not much in the way of how-to's. This book's different. The first part explains how/which economic factors affect currency markets; the next section tells you about technical analysis and which/why/how to use it, and also talks a little about strategies. The third part is called "Putting It Together" -- here's where this book really stands out: he explains how to get started, how to do test trades, how to gauge your results, putting on different kinds of trades so that you can compare which worked better, etc. etc. Included is a spreadsheet following one trader's journey from inept beginner to knowledgeable forex trader. He talks about how to trade different size accounts. He talks about determining your trading style and best strategies to use whichever style you select. Note that each subject area is explained with enough detail that you can get started, right now, as you read. But if you want more information (as do I), he tells you where to look. This book is just great. I highly recommend it.

21 of 23 people found the following review helpful:

3.0 out of 5 stars So So, November 28, 2007

By	Mark Twain "developerx1" (United States) - See all my reviews

Nothing new or great here. If your just getting started this book will help with the basics. The part about system development is very sparse (essentially just says use ms excel for backtesting). Overall I felt fleeced paying retail for this at B&N.

22 of 26 people found the following review helpful:

5.0 out of 5 stars The Forex Trading Course, January 7, 2008

By	John Echternacht - See all my reviews (REAL NAME)

I have purchased and read most of the recent books related to Trading Forex. I would place Abe Cofnas' newly released "The Forex Trading Course: A Self-Study Guide to Becoming a Successful Currency Trader" at the top of the list of books to purchase. The author covers the basics of trading: Fundamentals and Technical Analysis in a very in-depth level. However, I feel what sets this book apart from others are discussions of Advanced Strategies (e.g., Renko scalp setup and Pattern Recognition).

This book is a Must Read!

John Echternacht