Customer Reviews

Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies

5 star:		(18)
4 star:		(6)
3 star:		(5)
2 star:		(1)
1 star:		(1)

 

 

Disclosure: John and Wade are friends and colleagues of mine.

I'm a professional trader with over a decade of experience in equity, option, futures, and currency markets. Over my career, I have bought and read hundreds of books on investing, trading, and finance. I've read every investing-related book that I ever bought, but most of them only once. In fact, of the hundreds of investing books in my personal library, I regularly recommend maybe a dozen - the dozen that helped me to make money.

Profiting With Forex is the book in my library that I recommend to those wanting to learn how to make money in the currency market.

The reason that I recommend Profiting With Forex is because it's filled with actionable, applicable ideas with which you can actually make money in the currency market. Let me repeat that one more time: The book teaches you how to make money trading currencies.

Too many authors today use their books as a soapbox. Or they wind down the tedious road of pie-in-the-sky theory. Worse still, a lot of authors don't have any skin in the game. They don't even trade. Fortunately, John and Wade are real traders, who have written the first book on currency trading that is worth reading.

John and Wade picked a perfect title for their book. Read it. Learn how to make money. This is one of those books that you read, and then re-read many times over.

I purchased this book from Amazon at the time of the release and have been extremely impressed by the informative way Mr. Jagerson and Mr. Hansen present their ideas. Like the previous reviewer, I also had the first 70 pages repeated. I sent the book back to the publisher and received a new copy with the correct pages. A simple fix.

I have been an active trader in stocks and options for nearly 10 years and in the forex market for approximately two years. After reading "Profiting with Forex" I feel like I know as much or more about making money in the forex market as I do in the stock market.

I have been trading the forex for years and read many books on the subject only to find most of them so basic they weren't worth my time or so complex you need an advanced degree in economics to get it. Mr. Jagerson and Hansen have bridged that gap.

Unlike many books I have read that talk theory Profiting with Forex laid out specific methods to trade such as divergences, Fibonacci retracements and fundamental trades. Economic announcements are always a challenge in the forex market. This book cuts through the pile of economic announcements and specifically states which announcements you need to be concerned with, and how to play them. The chapter on China was informative and something everyone needs to understand because China's presence will continue to grow and influence the world economy.

Having read the book I must say I have a better handle on the world economy, what influences it, and how to take advantage of it now.

This is an informative book if you want to know the history of currency trading and learn the basics of the fundamental forces that move the market. It also touches on technical analysis. It doesn't get into the mechanics of trading in great detail.

My big problem with this book is that the authors claim that stop losses are guaranteed in the Forex market. This is not true and can cost an inexperienced trader a hell of a lot of money. It also says that there are no commissions, which is misleading. The commissions are built-in. Why buy a book with misinformation? For these reasons I don't recommend this book.

This book is a pretty thorough and informative introduction to Forex. Not only is it helpful for the many people just discovering the Forex market, but also it would benefit many people who are already trading other markets and perhaps think they know what the Forex market is. I believe that if traders of other markets really understood Forex beyond whatever rumors they have heard they would not be trading anything else. The authors cover everything from what the Forex market is through technical analysis techniques and money management. There is a most enlightnening section on the fundamental forces that move the market and how to use various economic data to predict the movement of Forex currency pairs. This book gives an unbiased introduction to Forex that will enable the reader to determine whether she would like to further explore this exciting subject.

Two summers ago, I attended a 4-day hands-on workshop on currency trading at the Investools headquarters. Profiting With Forex was just about to be published. John Jagerson dropped in on our class one day and I had the pleasure of speaking with him, briefly. What struck me was how he is truly interested in helping others learn the forex world.

The book itself reflects this. It is an easy read and, yet, contains all the information you need to begin trading. From terminology, money management, fundamental and technical analysis, and everything in between - it's all there.

I especially enjoy their discussion of how world economic events effect the forex markets.

While I am always studying other materials, I refer to Profiting with Forex the most.

John and Wade continue to educate through their website, [...] . I am constantly learning from these guys.

If you have some understanding about the economy look for something else. The book is too basic. All the time you see same supply/demand charts. Even at university for me it was enough to see them once to understand. Why do they have to be on every second page in the book about forex market? If it would be named "Forex for Dummies" that would be the right title.

Some times it is misleading eg. when authors compare for example forex with futures or options, or the statement about guaranteed stops...

I've bought this book and now I'm looking for some thin else that I would be able to use... This is when I'm posting this comment... because this book appeared among search results once again...

I've read two other books on trading the foreign exchange. I've been trading the forex successfully for several months now. After reading this book, I feel that I have several more tools in my arsenal for becoming even MORE successful. The authors present a common sense approach to trading/investing that I didn't receive in the other two books. They take some complex economic topics and break them down into very easy to understand, bite sized pieces that just about anyone can understand. They also lay out a few very good approaches that teach you to consistently make a LOT more money than you lose using some sound technical analysis. This book is VERY good for both beginners AND seasoned forex investors/traders. I give my highest recommendation.

I purchased this book about a week ago and have poured through it. I am new to the Forex market and find this book to easily understand. I focus more on Technicals when i trade rather than fundumentals but the fundamentals provided a new insight. I would highly recommend this book.

If you have no experience in FX trading, you will find the book useful and quite easy to understand, although there are some misleading information as someone has already mentioned.

However, if you read it again you will find lots of arguments in the book are not very convincing. For example, in chapter 6 when the author was talking about the Tic data, He list some general theory and USD/JPY charts as well as the notorious 'demand and supply' page place holder, but didn't give any real tic data during that period to prove his point. I don't want to say his conclusion is incorrect, but here I really need some insight. For example, how the tic data and rate are correlated ? Please give me some data , so that I can quantify the correlation (at least to some degree). I would say before using the using the 'tools' list in the book, you'd better do some research and find some historical data to do some back test.