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Forex For Ambitious Beginners: A Guide to Successful Currency Trading Paperback – June 29, 2012
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About the Author
Jelle Peters is the founder of the popular forex website www.forexinfo.nl. He writes daily currency analysis, has published numerous articles on forex strategies and is a sought after speaker for forex webinars and seminars.
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Top customer reviews
The book covers the basics as implied by its tittle. Don't expect in-depth analysis or fancy detailed trading strategies. The book is properly paced and not boring -at least if you're interested on learning.
The language is clear enough for beginners, but the author makes a big mistake that is consistent throughout the book: tries to explain topics using jargon that is at best latter on explained on the book. So you have to go to the internet and figure out the words or concept we fails to explain earlier as it should be. I must say that while this is a big pitfall as a writer, it's good for you as reader as it forces you to spend several hours (given you have the time) on the internet reading the overwhelming amount of information found there, which helps you to diversify what you are reading on the book.
I gave it 3 stars mostly for the lack of figures/graphics that would help to understand the concepts he tries to come across. The quantity of figures is extremely short and makes your imagination soar figuring out how things look like. The author failed to understand than since most interesting concepts about forex trading are closely related with the charts, these are of paramount importance to explain clearly and succinctly. It's a shame the book is so short of graphics coz otherwise would be a great book.
At last, it's unbelievable that the author, the editor and however proofread the book (if somebody ever did that) failed to notice the basic arithmetics errors on the examples used to explain EVP.
The bottom line: the book is worth it if you're a beginner and feel overwhelm by the information found on the internet.
The book reads like a novel, in that - while there is knowledge being imparted - it is always done in a narrative fashion with a large dollop of humor thrown in. No dry scholarly advice here! The book does warn for beginning currency traders' common pitfalls and introduces the reader to many common forex trading strategies, so it certainly isn't light on content. It's just that the content is delivered in a very readable - at times laugh-out-loud - manner.
The quiz at the end of the book makes it easy to test yourself on your newfound currency trading knowledge and tries to persuade you to put the different elements together and really think about the world of forex.
If I hadn't started trading before reading this book, I would have opened my first account right after reading parts 1-3 of this well-written book. The author is very skilled in motivating you to put your knowledge to work right away.
If the book has any failing, it would be that it could have included a *little* more insider knowledge of how markets genuinely operate. Such as, be careful when trading EUR/USD or USD/GBP when London opens (because of volatility). One other key maxim that might have received a little more press is NEVER to try to second-guess the market.
Anyway, this is hands-down the best beginners guide to the currency markets that I know of being out there today!