Survive And Prosper In The Great Depression Of 2009-2012: A Step-By-Step Guide To Amassing A Fortune Trading Foreign Currencies [Paperback]

J. J. Glenellis (Author)

Book Description

Publication Date: December 10, 2008

Millions of Americans are this very moment facing the most frightening economic conditions since the Great Depression. However, a small but growing number are living worry-free, having learned a skill that will keep themselves and their families not only living in comfort, but prospering like never before! That skill is Trading Foreign Currencies. Once the private playground of the super-rich, trading currencies is now open to anyone with a little knowledge and at least $200 to open a trading account. With this book, author and long time forex trader J.J. "Jeff" Glenellis explains everything you need to know to immediately begin prospering as a forex trader. From finding a broker and setting up your first set of charts, to learning how to easily spot certain Trade Set Ups that instantly become profitable, you'll learn enough in this informative and entertaining book to instantly begin earning extra money each week as a Forex Trader.

Editorial Reviews

Review

Like any other market, foreign-currency trading requires a plan, writes Glenellis in this yeoman's guide, which is by turns breathless, admonitory, encouraging, cautionary and, ultimately, nearly impossible to turn away from. The author starts with $1,000.00--not a drop in the bucket, but also unlikely to sink the family ship if one gets torpedoed. He does caution, "There is considerable exposure to risk in any foreign exchange transaction." Glenellis seeks to minimize that risk and help readers through the minefield that easily cripples ill-prepared neophytes. He tenders no promises--writing "NOBODY WINS EVERY SINGLE TRADE! NOBODY!"--though his plan's accessible, practical approach at least makes sense of the process. First he measures readers' psychological fortitude, as that defines their immediate parameters in terms of willingness to take risks. Glenellis then takes readers through some nuts-and-bolts material--the concepts of stop-loss, limit orders and trailing stops and how to adjust them to your comfort level, and understanding the importance of patience, discipline and a plan. The author then moves on to more in-depth--yet digestible--forays into various foreign-currency trading forms, such as news trading, technical indicators of predictive devices, determining entry signals in anniversary trades, tactics for jumping on breakouts, trading platforms and why you should work with an established, large-scale trader (since small traders, he writes, leave you vulnerable to a panoply of disheartening gambits). Glenellis' trading plan makes considerable order out of chaos and is low-stress and comprehensive without being overwhelming. Particularly enlightening was the detailed account of a month in the life of a trader as he conducts business; Glenellis demonstrates how he achieved results and interprets why readers' experiences may differ. A manageable, decidedly enticing introduction to currency trading --Kirkus Discoveries, June 2009

About the Author

J.J. "Jeff" Glenellis is a self-taught and successful foreign currency trader based out of central Florida. He is married, with no children, one dog, and more cats than he cares to count.

Product Details

• Paperback: 162 pages
• Publisher: CreateSpace (December 10, 2008)
• Language: English
• ISBN-10: 144044286X
• ISBN-13: 978-1440442865
• Product Dimensions: 9.8 x 7.9 x 0.5 inches
• Shipping Weight: 14.4 ounces (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (19 customer reviews)
• Amazon Best Sellers Rank: #943,570 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

38 of 42 people found the following review helpful:

5.0 out of 5 stars The Very Best Forex Training Available, December 25, 2008

By 

Cali Kid - See all my reviews

This review is from: Survive And Prosper In The Great Depression Of 2009-2012: A Step-By-Step Guide To Amassing A Fortune Trading Foreign Currencies (Paperback)

I had read several books on the subject before seeing Jeff Glenellis' book. And I had spent the better part of a year trying to trade Foreign Currency Exchange (Forex) unsuccessully. There are many successful traders using any number of trading methods, and many of them offer books about it. But none ever offered to TEACH me their methods (even some to whom I paid significant sums of money) the way Jeff G does in his book.

I bought this book in an earlier revision, about a year ago (before it was available thru Amazon). So I have already become proftable using what he teaches in it. Jeff G presents several very concise trading methods in easy-to-follow language. He is also the only one I ever saw present an actual profit progression from compounding, where he has actually worked the plan and compounded a small initial startup into a significant sum of money.

But more important than any method, he teaches a great deal on how to properly manage the money in your trading account, to protect your capital. If you start with $5000 in your forex broker account, yet you wipe it all away in a few losses, you lose. But with a good method, the right money management of your trading capital, some consistent work and a little old-fashioned discipline, you can start with as little as $200, and compound it all the way to $1M in less than three years -- while drawing out an ever-increasing income every week along the way.

Further, many people "bait" you with an intial book, but once you buy it, then they start to bombard you with more stuff they have to sell, that has the "deluxe" or "really great" information. And once you buy that, they then proceed to offer you the "super-secret" stuff, and so on. Or they "bait" you with the inexpensive book, and then want to sell you thousands of dollars worth of "mentoring" (that turns out to be from people who don't even do what they're teaching). Jeff G has done none of that. Since I bought his book originally he has NEVER offered to sell me ANYTHING else extra. All the goods are in the one book.

And as to "mentoring", for those who are interested, there is a one-time membership fee (of less than $100) to join his on-going service. Anyone can talk to him personally in the members-only room on most trading days. He actually does what he is teaching, does it most every day, and any member who wishes may join him there.

And even then, he has never asked for even one penny for anything else extra.

For those who wish to learn to trade the Forex successfully, I've never seen anything better at any price.

6 of 6 people found the following review helpful:

1.0 out of 5 stars Not so great on the follow-up, January 29, 2010

By 

W.L. "Creating My Persoanl Library" (Pacific NorthWest) - See all my reviews

Amazon Verified Purchase

This review is from: Survive And Prosper In The Great Depression Of 2009-2012: A Step-By-Step Guide To Amassing A Fortune Trading Foreign Currencies (Paperback)

I read this book over the 2010 New Year weekend and was very excited about the concepts it presented. I have been trading Forex for about a year and felt that the things Jeff presented really made sense.

On Jan 5th I joined his Trade group that is supposed to provide emails regularly to help in the members trading. He mentions this in the back of the book, which is what lead me to the website to join. I paid $149 - I never heard anything from him.....

So, I figured the transaction hadn't gone through. So on the 10th I joined again. This time I got a form letter saying my email was activated.

As part of this group you can join a daily conference call in the "Trade Room" that is supposed to talk live about possible trades going on and then the group that is online (suggested to be many in this group) would make the trades together. It was stated in the advertising material that this group operated from 6AM to noon eastern time. Being on the west coast I got up at 3:00 AM to take part in this discussion. I did this for many days. I finally found some action on the discussion at about 6:30 AM (west coast time). And there were no more than 10 people as part of the group. I got on at least 5 times and found the same thing. They never talked about anything I could figure out. No specific trades were every executed while I was listening to the group. It was only two people talking about a EA and how it was working for them - this went on for days.

I have yet to receive an email advising of a possible trade, it is now January 29th. I wrote to Jeff twice now asking for him to either send back my money or explain to me how the system works so I can better use it. The only response I have received is the same form letter saying my email account has now been activated.

I want my $149 returned, but I can't get through to the guy at all. PLEASE do yourself a favor and stay away from this situation, he is a rip-off artist who doesn't seem to have an interest in those who want to "learn" from him. He talks a great story of encouragement, but his actions do not follow his talk, he hasn't done anything he said he would and it has been 24 days since I first made contact with him and his organization.

MY next step is to complain through Amazon and the publisher. I want to try to protect others from being ripped-off.

14 of 18 people found the following review helpful:

5.0 out of 5 stars A very good place to start (or stop at ) for trading FOREX, January 17, 2009

By 

Perrie F. Iles "4X4EVER" - See all my reviews
(REAL NAME)   

This review is from: Survive And Prosper In The Great Depression Of 2009-2012: A Step-By-Step Guide To Amassing A Fortune Trading Foreign Currencies (Paperback)

Having used a multitude of EA's, signals, systems, PDF's over several years this is a very good place to start learning the basics of FOREX. FOREX is not a $ a second thing, it (like most things for most people) needs you to learn to crawl before you walk, You could start here and stay here and make a million in 4 years if you so desired, maybe quicker.
Now the hardest thing is choosing a broker (try Oanda MIGFX Alpari or IBFX for really small accounts). remember a real money account (even with $50 in it) is better than a "demo" account and won't cost you your life savings. Take it easy, MONEY MANAGEMENT ABOVE ALL !!!!!!!!!!!