The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (Little Books. Big Profits)
An accessible guide to trading the fast-moving foreign exchange marketThe foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively inves
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The section on Bollinger Bands is wort h the price of the book,
I’ve read everything Kathy’s ever written, and I’m better for it – and this book is no different. Short and to the point: Kathy’s section on the buy and sell zones for the Bollinger Bands is worth the price of the book many times over. Those bands have saved me from taking some terrible trades, and helped me quickly identify market conditions that are favorable for longs or shorts. It’s easily the best section of the book, in my opinion. Last of all, Kathy has the public track record to back up what she writes.
Trading is risky, of course, and no one strategy is perfect for everyone. But in a world of overpriced trading books, this book is absolutely worth buying.
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|Practical and Handy,
Lien does a really good job of explaining the basics of the forex market and some topics that are usually avoided in other books such as the biggest scams in the market and the top 10 mistakes (which I have been guilty of at one point or another!). For those of you that are a bit more advanced like yours truly, the Bollinger Bands were an interesting and practical tool. I actually backtested it with some relatively good results.
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|Excellent advice for all traders,
I found this book to be an invaluable guide to trading the forex markets. Although short, the author manages to pack in helpful advide and strategies for both short and medium term traders. Trading the news and technical analysis are covered along with setting profit targets and stop losses. Highly recommended
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