Customer Reviews

7 Winning Strategies for Trading Forex: Real and Actionable Techniques for Profiting from the Currency Markets

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

 

 

This book is for new traders, not for anyone having already looked at any forex or TA materials before. It is very basic. However, the book is well written, and free of mistakes or false hopes. Therefore it is good for a completely new trader.
I was disappointed because the book does not deliver the front cover message: Real and actionable techniques for profiting from ... Only the last strategy (the news) is detailed and really actionable as is, though it is very basic and well-known. It does not give much details or new things in the other chapters.
I was disappointed by the sentiment strategy. It is just not a strategy! Well, I was not expecting a strategy based on sentiment, but something really clear to establish a sentiment. The content of this chapter is very limited (extreme COT reading and news, action divergence).
The trend riding is just: find a trend line or R/S and put a limit or market order when the price is close enough, put a stop at 20 pips, exit with R/S based on your time frame and use your common sense for the rest. Also, use your common sense and sentiment bias to know if you should take the trade or not. Most people already know that. The difficult part is indeed finding the common sense and a reliable sentiment!
The fade breakout is very similar to the trend riding (extremely similar!).
The decrease volatility strategy is a triangle one, using the trend riding stuff for entry/exit.
If you want to have a look at the table of contents, go to Amazon UK, it is available there.

I have read over 10 books on forex trading and this is quite possibly the best one I've purchased. I wish I would have found it before the other ones as then I would have saved a lot of money. 7 Winning Strategies is a very practical guide to improving your chances at success in the forex market. I think one of the primary reasons trading strategies don't work out is because the trader applied the wrong strategy during certain market conditions. Grace Cheng's book covers different strategies to use for different market dynamics. It details how a trader can apply these strategies and it tells you what sort of market conditions the different strategies work best in - and best of all, it does it clearly and concisely. You still need to think for yourself, but this makes it a whole lot easier to plan your trade and trade your plan! The groundwork that's been done is right on.

Actually, I was aware of Grace Cheng before purchasing this book and just like another reviewer, I didn't have a very positive impression of her because her Web site looks kind of funky. Don't let that deter you from reading this outstanding book. This book literally taught me not to judge a book by its cover. If you read it and really apply your learnings to developing a strategy that is suited to your trading style, you'd understand just how valuable the strategies detailed in this book are.

I bought this book because I read the author's blog and thought it would teach me something new about trading. However, I found that topics were discussed "on the surface" without going into "how to do it". I get the feeling that she is saving the bulk of her information for her online course, which you have to pay US$700 for.

It is refreshing to see a book like this on the topic of forex trading, a book which is written concisely and straight to the point without wasting space. In this book "7 Winning Strategies For Trading Forex", the author Grace Cheng has done a great job of explaining the specific peculiarity of forex trading for the average individual, and how specific techniques can be applied to certain currency pairs. I am pleased that this book delivers what it was set out to do. She even emphasized that certain strategies are to be used under different market conditions. Realistic traders will find her information very useful and generous. As for those looking for the holy grail book, nothing is ever good for them. If you want a serious book on forex trading to be worth your money, this book will be it.

I've read many books on currency trading and I find this book easy-to-understand and appreciate the author's written snippets of her own observations and experience. Trading knowledge wise, on a scale of 1-10, it has taken me from a level of 2 to 7. The rest will have to come from trading in the trenches myself I suppose. Her knowledge of trading and inner workings of currency trading belies her youth, but if that's the result of her trading since after her university graduation many years ago, that's commendable and deserves my respect.

I first heard of Grace Cheng when I saw her on Chicago ABC News early this year and then went to her website. Since then I go to her site almost daily; her way of penning her opinions and observations is unlike those you see on most other broker sites.

I highly recommend this book to anyone who wish to know more about forex trading and those who are wise enough to see beyond her age and gender. This book will be by my side as I trade.

7 Winning Strategies for Trading Forex.
Sure, the strategies are listed.
However you never know how to trade them.
If you're expecting a book with a specific method for making a profit in Forex, this is not the one.
However, you get a lot of good information about the strategies. Not how to profit from them with a specific system, but a lot of good information.

Well, this book is certainly better edited than some other Forex books I've read, but is pretty basic. It is a great book for one who knows little about the currency market, but really does not reveal much strategically. I continue to search for a well-rounded, intellectually complex reference on Forex, but perhaps it doesn't exist yet. My favorite purely Forex reference so far is The Complete Guide to Currency Trading & Investing by Jamaine Burrell. It is not perfect either, but is certainly more detailed.

I give this book a 5 for easy to read, and covers basic stuff such as trendlines and breakout, if you traded stocks then you know much about this. However, it offfers some insights into what moves the currency market.

This is a great book on forex trading, and has helped me progress into profitable trading after many months of trading. Grace Cheng does a good job explaining how the forex markets work before delving into trading strategies that made a lot of sense, something that is easily overlooked by even people who have already begun trading. For those who are trading and haven't read this book, get this book, pronto. Hands down, this is the best forex book I've ever read and I have read almost all of them. Excellent must-read!

Well written and really looks at the basics and overall picture, helps deal with money management, as this is something lacking in many books. This book might be advanced if you are trying to learn about this from scratch and have had no experience at all. If that is the case get Getting Started in Currency Trading: Winning in Today's Hottest Marketplace (Getting Started In.....) And read it first. If you have played with trading some just jump right into this book! It will be a good read. My trouble with both of these books is I give them away too often and have to buy them again!