Customer Reviews

Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes (Wiley Trading)

5 star:		(9)
4 star:		(1)
3 star:		(1)
2 star:		(0)
1 star:		(2)

 

 

There are less then 80 pages about sentiment indicators in this book. Fundamental Analysis, Technical Analysis, Elliott and Fibo make the rest. In 80 pages, the author talks about 4 sentiment indicators: Magazine Covers, Headline News, COT Report, and the FXCM SSI.

I have paid over 50 USD (with shipping) for information that I can find on the internet for free.

I am a long time reader of DailyFX site and find it very useful.
One tool that caught my attention some time ago was the COT report column, write by Jamie Saettele.
The book goes further in explain the COT report itself, how to generate indicators from COT data, how to interpret it and, finally, how to use it as a tool to help trigger trades.
Well explained, with plenty of charts, it also has an introduction to Elliot Wave theory, largely used by the author in his tracking of markets.
I recommend the book because of it introduces this subject in a very straight forward way, easy to understand and apply immediately in your trading routine.

Below are the dates of the 5 star reviews.

7 of 8 are written on 4 Nov 2008
1 of 8 was written on 3 Nov 2008

The book was published on 4 Aug 2008.

Please draw your own conclusions.

As a active FX trader and follower of the methods of Larry Williams Jake Bernstein, I found this book essential to developing a workable, scalable and most importantly...profitable trading plan. Backtested and forward tested...in a word, it works! Solid, straightforward writing, examples and formulas. Recommended highly for the experienced trader; newbies probably won't grasp it. It is not a Holy Grail; the methodology requires a good deal of screen time experience and actual manual trading to calibrate the nuances in both calculations and charting. Slog thru it, you will not be sorry! Thank you Jamie!

Perhaps it is because I am a woman, but I have long believed that emotions and psychology can move markets more than fundamentals, and Jaime Saettele knocks this concept out of the park in this book. As retail investors like myself begin to dabble more in the foreign exchange markets, it is important to understand how to rationally interpret market sentiment amidst the daily volatility. In these days of information overload with CNBC and Wall Street Journal constantly bombarding the investing public, Saettele outlines how to correctly identify scenarios where going against the majority can translate to profit. This book was highly recommended to me, and I would do the same to anyone looking for an intelligent and entertaining take on how to be a successful long-term investor in the Forex markets.

In a time when negative sentiment is overrunning the market, guidance and insight into the factors and affects of crowd behavior is critically important. Jamie Saettele has provided that insight for the forex market in his book "Sentiment in the Forex Market."

For anyone who has any desire to invest in currencies in this market, or for that matter, any market, up or down, it is crucially important to understand crowd sentiment. "Sentiment in the Forex Market" provides the guidance necessary for primarily seasoned, but also "beginning" traders, to succeed in the forex market. From in depth analysis, strategies and historical precedents, to anecdotes and easy to follow lessons, Jamie Saettele has clearly outlined the drivers and affects of crowd sentiment, and has provided a road map to understanding crowd sentiment, and using that understanding, and the indicators he discusses, to succeed in the forex market.

This book provides great insight into how investor psychology effects market volatility. This book was very helpful in the development of my personal trading strategy as I have shifted my allocation away from equities and into currencies. The general themes of this book and major indicators have also been very helpful in making macro level forecasts in my professional life. The author has a talent for simplifying advanced concepts and drawing parallels between market activity and crowd behavior. When's the next book coming out?

I was looking for a helpful read on the FX markets from an investing perspective -the author really nails key themes and his contrarian approach came ahead of all the madness in the markets (published in August 2007 I believe), so he must be on to something. I highly recommend this book for the novice and sophisticated investor alike.

Perhaps the first truly comprehensive guide to contemporary Forex investing, Saettele's "Sentiment in the Forex Market" is both a well-rounded guide to forex investing and a thoroughly enjoyable read. Advocating an approach that takes into account both established technical methods of analyses, and the equally, if not more important psychological factors that drive the forex markets, Saettele constructs a fortified, succinct methodology. Frequently hilarious, Saettele's greatest gift to the reader is one that eludes most all writers of investment guides - it's actually enjoyable to read. Saettele's technical know-how is crystal clear from the beginning, but it would be (as is frequently symptomatic of books of this sort) waisted without his equally impressive ability to distill the mathematical complexities of his research into coherent, useful guidance. A well-rounded and learned book by a bright young analyst, "Sentiment in the Forex Markets" should emerge as cornerstone for a new generation of investors.

As someone who has become increasingly leery of equities (who hasn't), I needed an introduction to a new market. When a friend recommended the Forex market, I bit immediately. The next thing he recommended was Saettele's book. I couldn't be happier with where it's taken me, and I don't miss sweating my stocks one bit. Pick up this book.