Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves (Wiley Trading)
Discover a variety of technical and fundamental profit-making strategies for trading the currency market with the Second Edition of Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien–Director of Currency Research for one of the most popular Forex providers in the world–describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationshi
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Excellent Book on Currency Trading,
I was reluctant to purchase this book because i feared this one would be as many other books i have bought before: tutorial on basics, with examples that are hard to follow. I was wrong but i am giving it a four star because the one area i believe is very important to discuss stop-loss management she was not very helpful – still better than most books i read – for that i think you need to read Agustin Silvani’s book.
Aside from that this book is an excellent instruction book on swing and day trading. The book very succintly explains the preparation for the trading day and the two strategies you can follow: fundamental or technical. Although i don’t use some of her strategies i do use a couple and am in the process of designing my system for the others. I think the three chapters 8,9 and 10 are worth the price of book by themselves.
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|Day Trading & Swing Trading the Currency Market,
It’s great book! Kathy explained in detail the important of timing, include which currency pairs to trade in different time zone. This is very valuable information to traders who stay in Asia, like me. I recommend this book for active traders. TS – Singapore
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|Many Forex Strategies,
I’ve taken classes and actively trade the Forex market. Kathy’s book contains many trading strategies and a simple example to explain how each strategy works. But like anything in Forex, you need to take the time to examine her strategy and “backtest, backtest, backtest” to see if it works for you. Her philosophy is to be consistent and go for hits, not go for home runs. As the saying goes; pigs get fat, hogs get slaughtered. I feel limiting risk is one of the keys to being a successful trader (which Kathy continually stresses); also trading with consistency and knowing why you make the trades you make. There are so many different strategies presented that you have to choose what fits your personal investing sytle. There are not chapters devoted to in depth explanations for any particular strategy, so if you want details you will have to do additional study. The book gave me several profitable strategies that I still use. I would recommend this book as ONE of several. With trading one is always learning.
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