Customer Reviews

The Money Bazaar : Inside the Trillion-Dollar World of Currency Trading

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

 

 

This is a great book. Mr.Krieger gives you the history of how foreign currency trading came about. He also provides you insight into how curreny trading work and more importantly how it fails.

He doesn't give specific strategies on how to trade currencies, but he does introduce vocabulary and resources to help you get started. In that respect the book is out of date. There is no discussion on the internet and how that has changed the face of currency trading forever.

This is a good book, a foreign exchange classic that wouldn't hurt any currency trader if he kept a copy on his shelf.

Krieger, I'm going to guess, didn't really know for sure what kind of book he wanted to write so he kind of included a bit of everything, but gave us not enough of anything.

It would have been great if the book had been written in the same style that Jim Cramer's book revealing how he ran his hedge fund was written, lot's of action and description. Krieger includes some of this, like how he'd spend 18 to 20 hours a day in front of a computer and wonder about his life. But he just didn't get in depth enough.

He covers a lot of history, but again, it was not enough if history was what you were looking for. In my case, it was a bit much, I really didn't need to hear so much about the specific names and dates, I wanted more of the individual trading side of his story, what he did and why. How it worked or didn't.

Of course, this book is totally out of date. For that reason, it is actually even more interesting in a way, as the author has no idea how FX trading will advance.

The book itself offers no specific strategies or advice on investing in the FX market, however, I guess that would make sense as when it was written, only pro's or people with a lot of cash could enter this market.

If Krieger were to decide to write a modern work, covering the topic of trading "inside the trillion-dollar world of currency trading" as the cover states, it would be something I'd love to read. I can't recommend this work currently, without the caveat that the reader realize it's limited value as far as trading in today's market. The history, however, is interesting as is the limited view the author gives us as to his trading. Whether the price of the book is worth paying, I'd recommend it only to the reader that is sure of what they are getting.

I tend to overlook the age of books before purchasing them, and this is yet another one of those follies. Aside from that, this book is an interesting read, though more personalized and biographical. I would pick this book up if you want to maybe gleam some personal concepts and perceptions from an insider, but don't think it's going to help your trading or undestanding too much. There are much better books for that.

The reviewers are right, the book is dated.... BUT ONLY THE TECHNOLOGY THAT KRIEGER USED. The art of trading, the meat and bones of it, will NEVER BE DATED. That is why with basically just a telephone I bet Krieger could trade rings around all of us. So stop looking at the date of publication and look at the information published in this book.
This guy made a lot of money because he kept long hours and worked hard, and this book can help us novice traders understand that.