Don't be fooled by the book title!

There are less then 80 pages about sentiment indicators in this book. Fundamental Analysis Technical Analysis Elliott and Fibo make the rest. In 80 pages the author talks about 4 sentiment indicators: Magazine Covers Headline News COT Report and the FXCM SSI.



I have paid over 50 USD (with shipping) for information that I can find on the internet for free. More detail ...

Novice material that could be dangerous

Let me say right away -

I judge harshly any material that promotes another product. This book promotes the author's website constantly throughout. You must pay to be a member after a trial period LOL



$100 for a measely 7 days!!! That is what the author calls TRIAL. LOL I thought you were trading because you needed money...not because you have tons of money to flush down the toilet?!



Here are the exact current details posted from the author's website -

Trial Membership ($99 for the first 7 days. Then $299.95 for each month)

First 7 days $99. Then $299.95 each 30 days as a full Monthly Member.

Monthly Membership ($299.95 for each month)

Semi-Annual Membership ($1499.95 for 6 months)

Annual Membership ($2400.00 for 12 months)





BEWARE NOVICES !!!!!!!! Tons of people write books and create websites just to get the eager novice to depart with money!



One simple question to ask yourself -

If the author is such a great successful trader...why would he be busy chasing down subscribers? Would you? Wouldn't you be busy scooping up pips and not bothering with some silly website and trying to drum up business for it?



For the money he is charging per month you could buy DVD workshops and seminars from some of the top traders out there and you get to keep those DVDs and watch them over and over at no charge.



I do agree that the general VAGUE substance of this book is generally accurate. You could learn a few things...BUT what this book will teach you is freely available online at some great Forex websites for FREEEEEEEEEEEEE !!!! Just Google search "free forex training" or try "baby pips". You will learn FAR MORE than any beginner book will ever teach you there for free.



Also the candlestick advice in this book is so generic and vague you could lose plenty of money. Let me quote the book -



"Dojis become a most significant reversal signal when seen after an extended rally of long-bodied candles" (by the way the plural of doji is doji...not dojis)



This holds a tiny kernel of truth to it in that doji signals are more powerful signals after a large move in the market. THE TRUTH ENDS THERE. According to THE guru of candlesticks...Steve Nison (the man that brought candlesticks to the West and the one you should learn them from and the man this book gives no credit to as a source for further education)...according to Nison's teachings doji are not reversal signals by themselves. Doji represent transition or confusion in the market. You cannot just assume the market will reverse. You need more confirmation. Candlestick signals by themselves are not reason enough to trade!



For a novice simplistic generic advice like this could wipe your account out in days.





I am not saying the author is a bad person or has bad intentions. I am merely judging the book. I do feel there are many good little tips in it...BUT the same info is available for free. Since this book does not delve into meaty strict detail about anything...you will only scrape the surface get excited and will be more likely to subscribe to the website. I think that is the plan behind this book. For some people...that may be a good thing. As a novice you should research investigate and learn as much as possible before paying one single penny to anyone! How do you know what to pay for or subscribe to when you do not understand Forex trading or any other relative issue????



Use the internet GOOGLE as much as possible...chat in forums take your time and LEARN then make purchase based on intelligence not knee jerk excitement. Forex is rife with scams hustles fast buck programs and systems. More detail ...

Excellent book on currency trading

I have spent 20 years researching and trading stocks and bonds and was interested in currency trading. I purchased a number of books on foreign exchange. I read this book first Essentials of Foreign Exchange Trading and I found it an excellent choice. It has also been a good companion to my experimentation and trading on one of the major FX trading websites.



It starts off with a good introduction to the principles of currency trading and includes a discussion of a wide range of trading approaches to help understand which best fit your personality and style. The chapters that dive in on technical analysis (using candlesticks moving averages fibonacci/pivot point elliott wave) are especially good; it is obviously the author's specialty. That was good for me since my background is in fundamental analysis and the author's treatment of technical analysis was comprehensive and helpful. The sections on fundamental analyses were good too although I went through them quickly given my familiarity. My primary focus was to "expand the toolbox" with technical analyses and this book served that goal. Also importantly the book is written in an entertaining and fluid style. It was easy to read and absorb.



Overall I found the book excellent and recommend it.More detail ...

Excellent book on currency trading

I have spent 20 years researching and trading stocks and bonds and was interested in currency trading. I purchased a number of books on foreign exchange. I read this book first Essentials of Foreign Exchange Trading and I found it an excellent choice. It has also been a good companion to my experimentation and trading on one of the major FX trading websites.



It starts off with a good introduction to the principles of currency trading and includes a discussion of a wide range of trading approaches to help understand which best fit your personality and style. The chapters that dive in on technical analysis (using candlesticks moving averages fibonacci/pivot point elliott wave) are especially good; it is obviously the author's specialty. That was good for me since my background is in fundamental analysis and the author's treatment of technical analysis was comprehensive and helpful. The sections on fundamental analyses were good too although I went through them quickly given my familiarity. My primary focus was to "expand the toolbox" with technical analyses and this book served that goal. Also importantly the book is written in an entertaining and fluid style. It was easy to read and absorb.



Overall I found the book excellent and recommend it.More detail ...

In High Probability Trading Strategies author and well-known trading educator Robert Miner skillfully outlines every aspect of a practical trading plan–from entry to exit–that he has developed over the course of his distinguished twenty-plus-year career. The result is a complete approach to trading that will allow you to trade confidently in a variety of markets and time frames. Written with the serious trader in mind this reliable resource details a proven approach to analyzing market behavior identifying profitable trade setups and executing and managing trades–from entry to exit.

Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.More detail ...

Praise for

Forex On Five Hours A Week

"The style allows Raghee Horner to tackle the thorniest concept for beginning traders to understand from the outset—shorting. The explanation is one that is the best I've read in many a book all because she is conversing with you within the pages." —KIARA ASHANTI ACTIVE TRADER MAGAZINE

"Just who is Raghee Horner? That's easy. If you are a forex trader Raghee Horner is a young woman who can change your life. She can turn your losses into profits. She can take the mystery out of trading this incredible market."—PETER McKENNA INVESTOR'S BUSINESS DAILY

Trading the forex market has become one of the most popular forms of trading. It's a 24/7 job for many. But what if you have a day job and only a little time to dedicate to the market?

In Forex on Five Hours a Week top forex trader Raghee Horner shows you how with a few key techniques and just five hours a week you can capture consistent profits in the forex market.More detail ...

The foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get 'chopped up'. It is one of egos and money where millions of dollars are won and lost every day and phones are routinely thrown across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market which has unfortunately spawned a new breed of authors and gurus more than happy to provide misleading and often downright fraudulent information by promising traders riches while making forex trading 'easy'.

Well I'll let you in on a little secret: there is nothing easy about trading currencies. If you don't believe me then stop by Warren Buffet's office and ask him how he could lose $850m betting on the dollar or ask George Soros why his short yen bets cost him $600m not once but twice in 1994. What's wrong with these guys don't they read FX books?

In reality the average client's trading approach combined with the unscrupulous practices of some brokers make spot FX trading more akin to the games found on the Vegas strip than to anything seen on Wall St. The FX market is littered with the remains of day traders and genius 'systems' and to survive in the long-run traders have to realize that they are playing a game where the cards are clearly stacked against them.

Have you ever had your stop hit at a price that turned out to be the low/high for the day? Bad luck perhaps? Maybe. What if it happens more than once? Do you ever feel like the market is out to get you? Well guess what in this Zero Sum game it absolutely is.

Covering the day-to-day mechanics of the FX market and the unsavoury dealings going on Beat the Forex Dealer offers traders the market-proven trading techniques needed to side-step dealer traps and develop winning trading methods. Learn from an industry insider the truth behind dirty dealer practices including: stop-hunting price shading trading against clients and 'no dealing desk' realities.

Detailing the dealer-inspired trading techniques developed by MIGFX Inc consistently ranked among the world's leading currency trading firms the book helps turn average traders into winning traders; and in a market with a 90% loss rate winning traders are in fact quite rare! More than just a simple manual Beat the Forex Dealer brings to life the excitement of the FX market by delivering insights into some of the greatest trading triumphs and highlighting legendary disasters; all written in an easy to read style.

Make no mistake about it there is a lot of money to be made in currency trading you just have to know where to look. Sidestepping simple dealer traps is one way of improving your daily p&l but it is surely not the only one. Successful trading comes down to taking care of the details which means skipping the theoretical stuff and providing only up-to-date real-life examples while sharing the FX trading tips that have proved so profitable over the years. By stripping away the theory and getting down to the core of trading you too will find yourself on the way to beating the forex dealer!More detail ...