Once dominated by global banks, hedge funds, and multinational corporations, the foreign exchange market, or forex, is now easily accessible to traders and investors around the world. But in order to make the most of your time in this market, you need to have a firm understanding of how it works.
Written by forex expert Kathy Lien, The Little Book of Currency Trading shows you how to effectively trade and invest in today's biggest market. Minute by minute, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details the practical products that can help you achieve success.
Along the way, Lien skillfully explains the forces that drive currencies and provides strategies to profit from them; reveals how you can use various currencies to reduce risk and take advantage of global trends; and examines what you can do to make money without the stress of monitoring the market every day. Other issues addressed include:
Filled with in-depth insights and practical advice, The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.
©2010 Kathy Lien (P)2010 Gildan Media Corp
"Kathy Lien is one of the best and brightest in the currency field. Her new audiobook is a definite must for all new forex traders. Kathy explains in an easy-to-understand yet practical format how to get started in currency trading." (Andrew B. Busch, Global Currency and Public Policy Strategist, BMO Capital Markets)
"Good but could have been better"
This book is good for understanding the Forex market better. It has actually changed my perception to the market from a very dangerous and unexpectable market to a very predictable market that can be utilized to increase my monthly income or even to invest in it after my retirement.
The disadvantages are that it omits so many important details especially on charts and charts' reading. It focused on one chart only (The Double Bollinger Bands) and did not mention enough details about other famous and important charts (Stochastic, RSI, ADX, MACD, Momentum, etc.). While the first chapters have been utilized to provide introductory materials about trading in general, it would have been utilized better if it talked about charts and technical indicators, the pros and cons of each, and what benefit does each one provide. But to be fair with the author, she has mentioned another book to refer to when seeking for more details on charts and it is called "The Art of Charts Reading".
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