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A Currency Trading Walkthrough: Insights From a Forex Spot Monkey Who Made Millions For His Investment Bank Paperback – August 5, 2010

2.0 out of 5 stars 3 customer reviews

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Product Details

  • Paperback: 78 pages
  • Publisher: lulu.com (August 5, 2010)
  • Language: English
  • ISBN-10: 0557559065
  • ISBN-13: 978-0557559060
  • Product Dimensions: 6 x 0.2 x 9 inches
  • Shipping Weight: 5.9 ounces
  • Average Customer Review: 2.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #11,026,723 in Books (See Top 100 in Books)

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Format: Paperback Verified Purchase
When I say beginner, I mean it. If you're pretty sure you're not a beginner...I would highly suggest that you look somewhere else. The "How-to" in this book is non existant.

This is a generalized, brief overview of the foreign currency markets. That is all. That's great that the author made almost 8 million for his bank! How did he do it?!....WHO KNOWS???!!! Because he sure as hell doesn't tell you how in the book.

There is no vialble trading strategy, there is no evidence as to the trade setups the author takes. Furthermore, there is no actual proof that the author even has ever made a dime trading the FX market; wether it be for himself or for an investment bank.

I was hoping to gain at least a couple of nuggets from this book. Unfortunately for me, I found it to be a waste of time and money.

The fact of the matter is that someone that has never even traded the FX markets could have written this book.

I'm very disappointed.
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Format: Paperback Verified Purchase
I mostly stick with equities but with all the volatility in forex lately figured it wouldn't hurt get to know the sector a little more. Not usually one for indie books but title & description sounded interesting enough. Didn't expect much, but good writing style and chapters build on each other. Matthews is honest enough that after reading this book, while I do feel like testing the waters and doing a couple of forex trades, I'm cautiously optimistic about my chances of success. Best two chapters are Ch 16 (Trading Styles) and Ch 20 (Misc Trading Lessons), could save you from making rookie mistakes and probably worth the price of the book.
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Format: Paperback
This isn't a regular book; it's a pamphlet. Usually pamphlets are given away for free. This one isn't even worthy of being given out for free, it should of never even been published. Everything in this pamphlet is old recycled information you can get on any forex website. There is absolutely nothing of value in this pamphlet.

Remember this, the forex market is the wild west of financial markets. There is very little regulation. This is a 3 trillion dollar a day market. You can make a fortune (doesn't mean you will). Self appointed gurus like the author know this and play newcomers like a violin. The author looks to suck you in by conjuring up feelings of greed. It's no surprise he puts in the title, "Forex spot monkey who made millions for his investment bank." In the book he claims he made his investment bank 8 million dollars in a two year period. Funny how there is no mention of the actual trades within this two year period or even a hint of the system he used to gain 8 million dollars. Oh and by the way, which investment bank is this? How can we verify it? The answer is we can't. This isn't some book from a financial publishing group like Wiley or Bloomberg where we can verify facts. The author published this himself using the self-publishing website Lulu. Any charlatan can do this. There is no possible way to verify his claims. Do not believe him!

If you are interested in the forex market please know you have a long road ahead of you, it will not be easy. You can get a strong foundation by visiting the babypips website. Click on school and start your forex education. There are plenty of good threads there too so make sure you use the forum as well. Good luck!
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