Start reading The Little Book of Currency Trading: How to Make Big Prof... on the free Kindle Reading App or on your Kindle in under a minute. Don't have a Kindle? Get your Kindle here.

Deliver to your Kindle or other device

Add Audible Narration

Enter a promotion code
or gift card
 
 
 

Try it free

Sample the beginning of this book for free

Deliver to your Kindle or other device

Sorry, this item is not available in
Image not available for
Color:
Image not available

To view this video download Flash Player

 

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (Little Books. Big Profits) [Kindle Edition]

Kathy Lien
3.9 out of 5 stars  See all reviews (31 customer reviews)

Digital List Price: $19.95 What's this?
Print List Price: $19.95
Kindle Price: $10.69
You Save: $9.26 (46%)

Free Kindle Reading App Anybody can read Kindle books—even without a Kindle device—with the FREE Kindle app for smartphones, tablets and computers.

To get the free app, enter your email address or mobile phone number.

Audible Narration

Switch back and forth between reading the Kindle book and listening to the Audible narration with Whispersync for Voice. Add narration for a reduced price of $4.49 when you buy the Kindle book.

Formats

Amazon Price New from Used from
Kindle Edition $10.69  
Hardcover $15.11  
Paperback --  
Audible Audio Edition, Unabridged $9.95 or Free with Audible 30-day free trial
Kindle Delivers
Kindle Delivers
Subscribe to the Kindle Delivers monthly e-mail to find out about each month's Kindle book deals, new releases, editors' picks and more. Learn more (U.S. customers only)

Book Description

An accessible guide to trading the fast-moving foreign exchange market

The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.

Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs.

  • Explains the forces that drive currencies and provides strategies to profit from them
  • Reveals how you can use various currencies to reduce risk and take advantage of global trends
  • Examines financial vehicles that can help you make money without having to monitor the market every day

The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.



Editorial Reviews

From the Inside Flap

Once dominated by global banks, hedge funds, and multinational corporations, the foreign exchange market, or forex, is now easily accessible to traders and investors around the world. But in order to make the most of your time in this market, you need to have a firm understanding of how it works.

Written by forex expert Kathy Lien, The Little Book of Currency Trading shows you how to effectively trade and invest in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details the practical products that can help you achieve success.

Along the way, Lien skillfully explains the forces that drive currencies and provides strategies to profit from them; reveals how you can use various currencies to reduce risk; and take advantage of global trends, and examines what you can do to make money without the stress of monitoring the market every day. Other issues addressed include:

  • Getting started in forex and finding the right approach for you
  • The most commonly made forex mistakes
  • Making the most of slow and steady investing as well as learning the fast and furious approach to forex
  • Avoiding popular forex scams
  • And much more

Filled with in-depth insights and practical advice, The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.

From the Back Cover

Praise for
THE LITTLE BOOK OF CURRENCY TRADING

"A Japanese proverb says, 'If you wish to know the road, inquire of those who have traveled it.' My friend Kathy clearly knows the FX road. Her wonderful book fuses together her years of real world trading experience with her skills at making the topic easy to understand (and fun!). This is a book that belongs on every forex trader's shelf no matter their level of experience."
Steve Nison, CMT, President, www.nisonfx.com, and author of Japanese Candlestick Charting Techniques

"Kathy Lien is one of the best and brightest in the currency field. Her new book is a definite must-read for all new Forex traders. Kathy explains in an easy-to-understand yet practical format how to get started in currency trading."
Andrew B. Busch, Global Currency and Public Policy Strategist, BMO Capital Markets

"Kathy Lien is one of the savviest currency analysts—The Little Book of Currency Trading will teach you more than just the basics!"
Alexis Glick, former anchor for Fox Business Network's Money for Business and The Opening Bell


Product Details

  • File Size: 751 KB
  • Print Length: 221 pages
  • Page Numbers Source ISBN: 047077035X
  • Publisher: Wiley; 1 edition (December 1, 2010)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B004FEG30S
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #445,015 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  •  Would you like to give feedback on images?


Customer Reviews

Most Helpful Customer Reviews
33 of 38 people found the following review helpful
Format:Hardcover|Verified Purchase
I've read everything Kathy's ever written, and I'm better for it - and this book is no different. Short and to the point: Kathy's section on the buy and sell zones for the Bollinger Bands is worth the price of the book many times over. Those bands have saved me from taking some terrible trades, and helped me quickly identify market conditions that are favorable for longs or shorts. It's easily the best section of the book, in my opinion. Last of all, Kathy has the public track record to back up what she writes.

Trading is risky, of course, and no one strategy is perfect for everyone. But in a world of overpriced trading books, this book is absolutely worth buying.
Was this review helpful to you?
14 of 16 people found the following review helpful
5.0 out of 5 stars Practical and Handy January 10, 2011
Format:Hardcover|Verified Purchase
Lien does a really good job of explaining the basics of the forex market and some topics that are usually avoided in other books such as the biggest scams in the market and the top 10 mistakes (which I have been guilty of at one point or another!). For those of you that are a bit more advanced like yours truly, the Bollinger Bands were an interesting and practical tool. I actually backtested it with some relatively good results.
Comment | 
Was this review helpful to you?
18 of 22 people found the following review helpful
5.0 out of 5 stars Excellent advice for all traders December 27, 2010
Format:Kindle Edition
I found this book to be an invaluable guide to trading the forex markets. Although short, the author manages to pack in helpful advide and strategies for both short and medium term traders. Trading the news and technical analysis are covered along with setting profit targets and stop losses. Highly recommended
Was this review helpful to you?
47 of 64 people found the following review helpful
2.0 out of 5 stars save your currency December 31, 2010
By Narada
Format:Hardcover|Verified Purchase
This book is poorly written and copy-edited, and appears to have no useful information at all (OK, it defines such key terms as "pips" and "Bollinger bands", but I think that anyone who would not be able to look this up on the web for free should be kept away from trading of any kind). Currency trading is a shark-pit, is generally OTC (which means that there is very little control, and a lot of manipulation, both by the handful of banks which control it and by the retail brokers, for one of which the author appears to work). The only way you can "beat" this, or any market, is if you have some original idea or insight. Reading some technical analysis book that several thousand other people had also read does not qualify (note: the book under review does not actually promote any system of technical analysis). Would you step into the ring with Vitaly Klitschko without professional training? Well, trading against Goldman Sachs will work out about as well for you.
Was this review helpful to you?
11 of 14 people found the following review helpful
5.0 out of 5 stars Worthy book on Forex Trading March 6, 2011
Format:Hardcover|Verified Purchase
Kathy Lien's "The Little Book of Currency Trading: How to Make Big Profits in the World of Forex" is a good primer on the subject. Unlike so many Forex websites and some books that make sales pitches and then overwhelm with information, Lien starts with the basics, building as she goes along, weaving interesting sidebars, bits of information and examples as she traverses her subject.

The beauty of this book is that it is 'up to date'. It was published Dec. 28, 2010 and brings the reader through the events up to and including the financial crisis as well as the beginning of the sovereign debt problem in the Eurozone. Many other Forex books were written before the financial crisis, thereby are somewhat obsolete.

She states: "The subprime and the sovereign debt crisis showed us how we cannot focus solely on what is happening in our own little part of the world because, as we have seen, the problems in one country like the United states could destroy the economies of other countries."

In light of the recent financial crisis, she offers her investing philosophy, that of a well researched opportunist. She states: "Financial crises are becoming increasingly common... In time of crisis, currency trading is a way to turn headlines into opportunities."

After the introduction Lien delves into first, the basics, then the complexities of Forex trading.

Chapters include:

Chapter 1: When Lightening Strikes
Chapter 2: Rubles and Bahts and Euros - Oh, My! Forex is not as foreign as you think.
Chapter 3: The A to Zs of Forex: Basic Knowledge You Need to Have. In this chapter Lien examines 25 Forex definitions and terms needed to start trading.
Chapter 4: Step Right Up: Getting Started in Forex.
Read more ›
Comment | 
Was this review helpful to you?
3 of 3 people found the following review helpful
3.0 out of 5 stars For the Beginner, But Light on Content October 26, 2011
Format:Hardcover|Verified Purchase
As the book title 'little' this is indeed a very brief intro in the world of forex - a lot of anecdotal stories and not many strategies to speak of.

The book's chapter titles will tell you the cliche'd nature of the writing - chapter 3 A's to Z of forex, chapter 6 - investor vs trader, chapter 11 top 10 mistakes.

There are 20 pages of decent writing - and it's about the bollinger bands and a strategy that I have actually never read before.

Chapter 8 which covers value investing strategy based on the double bollinger bands and Chapter 9 which covers trading the news.

Chapter 8 is a good strategy to have in your arsenal, and this one chapter pretty much will make your 10 bucks a worthy investment. Chapter 9 is fairly similar to all the other trading news strategies out there, with her own opinion of how you should take trades based on how strong the prevailing sentiment is.
Comment | 
Was this review helpful to you?
9 of 12 people found the following review helpful
5.0 out of 5 stars well written January 7, 2011
Format:Kindle Edition|Verified Purchase
Loved the way the author walks you through their process of the trade. Not like other books that throw a bunch of charts at you and expect you to understand it. Author is very clear in her presentation of each trade.
Comment | 
Was this review helpful to you?
Most Recent Customer Reviews
3.0 out of 5 stars Three Stars
good book for your spare time. nothing serious tho. Totally not giving same value as its equities counterparty
Published 6 months ago by buzz
3.0 out of 5 stars Good for general information about the Currency Trading market, but...
If you are a casual home based investor considering entering the currency trading market or not, this book is okay at telling you about it in general sort of way. Read more
Published 10 months ago by Topdog-182
2.0 out of 5 stars May not be valid
This book have a lot of anecdotal stories, it seem for bigginer, only bollinger band in chapter 8 may be helpful
Published 10 months ago by DQD-Forex System
4.0 out of 5 stars Smart trader, good book
Well written by a top trader. However, it is more basic than I expected, seems aimed at beginning traders. The chapter on bollinger bands is the reason I bought it.
Published 15 months ago by Brazos
5.0 out of 5 stars Little Book of Trading
An excellent little book written in plain language with lots of trading examples. Kathy Lien is an expert and knows what she is talking about. Read more
Published 16 months ago by Willem J Nel
5.0 out of 5 stars Beginner to Trading? This one is a must read!
As someone new to trading, the whole Forex jargon was simply overwhelming for me. After visiting a few websites and blogs that specialize in Forex market coverage, I had to start... Read more
Published 16 months ago by Vikram
5.0 out of 5 stars Should be Required Reading
Written in easy to understand English and was interesting from start to finish. Kathy Lien is my new favorite Forex author
Published 17 months ago by Thomas M Sharp
5.0 out of 5 stars Must Have First Autobook and Book of the Beginning Trader - Following...
This is a great autobook and worth listening to over and over again. It is a great place for the person getting to know the success path of Kathy Lien. Read more
Published 18 months ago by Bradford A. Seaman
5.0 out of 5 stars Currency Trading
It was a good book. I read several books on currency trading. I decided my old school way of investing is better. Read more
Published 19 months ago by Bob Skinny
5.0 out of 5 stars no fluff
Small and no fluff. Simple but effective strategy using a simple moving average and bootlegger bands. Quick read and many great tips.
Published 20 months ago by Daniel Wu
Search Customer Reviews
Search these reviews only

More About the Author

Kathy Lien is an Internationally Published Author, Managing Partner of BKForexAdvisors.com and the Director of Currency Research of FX360 and GFT. Her trading books include the following:

1) For beginners, "The Little Book of Currency Trading (2010, Wiley)."

2) Second edition of the highly acclaimed, internationally published "Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit form Market Swings (2008, Wiley)."

3) Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game (2007, Wiley)

4) High Probability Trading Setups for the Currency Market E-Book (2006, Investopedia)

As Director of Currency Research, Kathy is responsible for providing research and analysis for GFT. She also runs an FX Signal Service BKForexAdvisor.com, with Boris Schlossberg - one of the few investment advisory letters focusing strictly on the 3 Trillion/day FX market.

Kathy is a "Trader First, Analyst Second." She publishes both technical and fundamental research reports, market commentaries and trading strategies. A seasoned FX analyst and trader, Kathy has direct interbank experience. Prior to joining GFT, Kathy was the Chief Strategist of DailyFX.com and worked in JPMorgan Chase's Cross Markets and Foreign Exchange Trading groups using both technical and fundamental analysis to trade FX spot and options. She also has experience trading a number of products outside of FX, including interest rate derivatives, bonds, equities and futures. She has taught seminars around the world on day and swing trading the currency market.

Kathy is also one of the authors of Investopedia's Forex Education section and has written for Tradingmarkets.com, the Asia Times Online, Stocks & Commodities Magazine, MarketWatch, ActiveTrader Magazine, Currency Trader, Futures Magazine and SFO. She is frequently quoted by Bloomberg, Reuters, the Wall street Journal, and the International Herald Tribune and has appeared on CNN, CNBC, CBS and Bloomberg Radio. She has also been on a few episodes of Wall Street Warriors, hosted trader chats on EliteTrader, eSignal and FXStreet, sharing her expertise in both technical and fundamental analysis.

Many people have asked how Kathy has managed to achieve so much at such a young age, but if you consider that she graduated New York University's Stern School of Business at the age of 18 in 1999, she actually has a wealth of experience.

What Other Items Do Customers Buy After Viewing This Item?


Forums

There are no discussions about this product yet.
Be the first to discuss this product with the community.
Start a new discussion
Topic:
First post:
Prompts for sign-in
 


Look for Similar Items by Category