The Little Book of Currency Trading: How to Make Big Prof... and over one million other books are available for Amazon Kindle. Learn more
Buy New
$13.48
Qty:1
  • List Price: $19.95
  • Save: $6.47 (32%)
FREE Shipping on orders over $35.
Only 8 left in stock (more on the way).
Ships from and sold by Amazon.com.
Gift-wrap available.
Add to Cart
Want it tomorrow, April 25? Order within and choose One-Day Shipping at checkout. Details
Trade in your item
Get a $1.73
Gift Card.
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex Hardcover


See all 4 formats and editions Hide other formats and editions
Amazon Price New from Used from Collectible from
Kindle
"Please retry"
Hardcover
"Please retry"
$13.48
$10.71 $9.26
Paperback
"Please retry"
$14.79 $14.22

Frequently Bought Together

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex + Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves + Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
Price for all three: $65.97

Buy the selected items together

NO_CONTENT_IN_FEATURE

100 M&T
100 Mysteries & Thrillers to Read in a Lifetime
Looking for something good to read? Browse our picks for 100 Mysteries & Thrillers to Read in a Lifetime, brought to you by the Amazon Book Editors.

Product Details

  • Hardcover: 224 pages
  • Publisher: Wiley; 1 edition (December 28, 2010)
  • Language: English
  • ISBN-10: 047077035X
  • ISBN-13: 978-0470770351
  • Product Dimensions: 7.3 x 5.3 x 0.8 inches
  • Shipping Weight: 9.1 ounces (View shipping rates and policies)
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (30 customer reviews)
  • Amazon Best Sellers Rank: #477,868 in Books (See Top 100 in Books)

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


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.

Customer Reviews

This book is an absolute waste of money.
mhhesh
Kathy Lien's Little Book of Currency Trading is a very well written, easy to read book that covers all the bases.
Russ Horn
The best of all the trading books I have read and recommendable.
Willem J Nel

Most Helpful Customer Reviews

33 of 38 people found the following review helpful By W. R. Booker on January 13, 2011
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.
1 Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
14 of 16 people found the following review helpful By SuccessDriven on 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? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
18 of 22 people found the following review helpful By T. Hobson on 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
4 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
46 of 63 people found the following review helpful By Narada on December 31, 2010
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.
2 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
11 of 14 people found the following review helpful By Timothy Daiss, M.A. on 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? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
3 of 3 people found the following review helpful By Michael H Hamm on 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? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
9 of 12 people found the following review helpful By Donald Carter on 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? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Product Images from Customers

Most Recent Customer Reviews

Search
ARRAY(0x9ddb715c)