Essentials of Foreign Exchange Trading (Essentials Series)

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 ...