Customer Reviews

Thirty Days of FOREX Trading: Trades, Tactics, and Techniques (Wiley Trading)

5 star:		(7)
4 star:		(0)
3 star:		(2)
2 star:		(2)
1 star:		(3)

 

 

I have started studying trading about three years ago and Forex specifically for about a year. I find Raghee to be honest and her methods to be simple and I can see how they would work if followed. I myself use Fibonacci levels and MACD and find that they work after a fashion like everything else in trading.
I find it refreshing that Raghee does not try to hype anything in her book (she doesn't even try to sell her indicators). She does like eSignal which is understandable.
The key to any system is that you have to give it time to work. It is very probable to get a string of losses, at which point most traders switch systems. This would be a big mistake. Any trading system must be evaluated over a period of time to get consistent results.
All that said, this book needs a good editor. While the initial chapters are a good introduction, it is not always clear what Raghee is talking about. For example, it would be nice to have a clock face next to the chart to indicate the trend. I can't always see the trend that she is talking about. I am not sure whether she's refering to the right edge or the candles leading upto the right edge. Sometimes she seems to lose her train of thought.
It would have been nice to have a position chart at the end of each day. While she identifies entry, exit, and stop on the chart, I am not sure which position that she took. This may have prompted the previous reviwer to conclude that she is not a trader. As it is you have to really read this book with a pen and paper to figure out what trades to take (may not be a bad thing). Raghee, if you read this, you may want to post the trades that you took during this period on your web site. That will go a long way towards validating your method.
Overall, I find this book useful.

First off, I am glad I bought this book. I learned a couple of techniques I have never tried before, but I have to admit the material is presented very poorly. The cd included did help, but she doesn't specifically explain her strategy in the cd. The cd is really a recording of her live sessions with her students, who already know her strategy, so for people who just bought the book it is difficult to glean what is really going on.

The book is very frustrating to read. She seems to be incapable of just clearly presenting step by step what her strategy is. Instead there are bits and pieces of clues to what her strategy is hidden here and there in the book. What she should do is rewrite this and explain step by step by step what her strategy is.

And then when you get to the thirty days, that is frustrating too. All you see each day is a setup, but there is never a complete trade - very strange.

I went to her website and submitted some questions and did get a response - but my questions were never answered. All they were interested in was selling me her expensive course. Once I stated that I wasn't interested in the course I just got a short email and none of my questions were ever answered, so that makes me think she is more interested in selling things then teaching. Then that makes one think that she makes more money selling her course etc then she does trading.

Even with all of that, I still recommend this book. If you have some experience and have already gone thru plenty of training and studying, you might get a new strategy out of this. Just be forewarned that learning from this book will be like pulling teeth, but it could be well worth it.

This book's title is deceptive. It isn't about 30 days of trading, it is about thirty days of Horner identifying market trends and applying her analytics without once placing a trade. Granted, she does give a cursory outline of her "wave" theory, but everything else (Fibonaci retracements, MACD, trend lines, etc.) is pretty standard fare. I'm sorry I purchased this book. Your money is better spent elsewhere, which is ultimately what I did.

Ms Horner rambles on throughout the book, with poorly illustrated charts and vague remarks about her trading. The CD is a similar shambles and consists of a tape of her interaction with her admiring customers, often totally irrelevant. On one occasion wishing her well with her cold on another discussing clearing out her temporary files on her computer etc.

A totally unprofessional product, she is clearly much more interested in charging vast amounts for her tuition and offering this book with CD as a intro to further sales. Save your money this book definitely will not improve your trading!!

This is the first book I've read about FOREX. . I'm new to the FOREX, and I'm still not clear what she is trading here. Futres? Pure cash? This is probably because I did not read the previous book of her. I'm thinking of buying that as well to get my picture clear.
Raghee writes it as if you sitting next to her behind the screen. Which I found very refreshing to read such dry material captured in this warm style. I have experience with trading and charts, however I agree with the review of "Kasu Sista" the examples are pretty hard to understand and start to get clearer when progressing through the days. Also the entry and exit points are sometimes hard to figure out. The charts are directly captured from the screen. It could be helpful if certain values that are mentioned in the text are added to these pictures.

update aug-2007:
I recently purged and read the first book of Raghee ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street After reading this book, this 30 day book makes perfectly sense. My critic above was absolutely coming from ignorance. It is not a book for a starter like I was in those days.
I would recommend if you're new to forex, buy both books. Read her first book ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street and after that work your self to the 30 days of trading in the next book.

I bought this book because I was interested to know how professional traders manage their accounts and whats their specific systems to enter/exit forex market.

Raghee Hornor is definitely not a real trader,or a very weak teacher! her system would not qualify you to participate in this business. I acually find her book misleading for new traders.

Before you start FOREX trading(this is if you have a trading plan/system-NOT RAGHEE-HORNOR SET UP), you must locate the coming events in your day trading plan. Are these events going to have high impact(danger), average impact(becareful) or low impact(normal), then decide if the trade worth it or not.

EXAMPLE,If the market broke a strong support level during the beginning of europian session,the market medium trend is down and the coming events have low impact in your trade. this mean the pair you are going to trade has high probabilty to complete its daily average downward.

The writer does not help much in timing the trades( which is the most important subject in forex trading in my point of view).

If you want to participate in forex then I recommend three books to be read before you think of putting your money(BEAT THE ODDS IN FOREX TRADING-I. R. Toshchakov),(TECHNICAL ANALYSIS OF THE CURRENCY MARKET-Boris Schlossberg) and (MASTERING THE TRADE-John F. Carter).

I'm sure there are lots of usefull books around.You should never stop educating youself trader..

I am writing this mainly to protect other prospect buyers from a really boring book. Thirty days of Mrs. Horner trading experience, badly described, with undocumented charting support. No one is really interested in what Mrs. Horner had as breakfast, or when she went for a coffee! An intresting idea (thirty days of tradind) really BADLY implemented!

I read the first book and of course the second book and now I am a much more confident trader.

I find her style easy to read and her techniques solid. I have greatly increased my knowledge and understanding of the forex market and charting. She writes in uderstandable language and I have been able to build on all of the lessons in the book to increase my own success as a trader. I recommend this book highly, I have given it to my children and friends. That is how much I have benifitted from her writing.

This is an excellent follow-up to her previous book. It's understandable that if an individual had not read her previous book, they would not understand the purpose in the things she shares. But it is very clear, that she gave considerable thought to what she writes. Undoubtedly, there was a purpose in almost every detail. If there were any questions that you may have had after reading her first book (which in my opinion is the best book out there on Forex, and I have read almost every one of them) she more than clears them up in this book. After reading this second book, I feel confident that I understand one of, if not the best forex trading system available. And her system that she makes available can be used in any equities, futures, or commodities market. Her discussion of the importance of market cycles has helped me to be a much more capable and rounded out trader. In my opinion this book is an outstanding contribution to Forex education. Raghee, is a true chartist through and through. And to those desiring to gain valuable insight into technical analysis of the Forex market she is truely a Chart Maven.

La manera como muestra el dia a dia de un trader permiter observar el analisis y la disiplina que se debe adquirir por medio dela practica diaria para lograr un ben trading

muy buen libro con excelente sistema.