The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper from the Start

by Cliff Wachtel

FXstreet.Com’s 2013 Best Book Award! The Sensible Guide to Safer, Smarter Ways to Survive and Prosper from the Start  is written for the risk averse, mainstream retail investor or trader seeking a more effective way to tap forex markets to improve returns and hedge currency risk. As the most widely held currencies are being devalued, they're taking your portfolio down with them―unless you're prepared. For traders, the book focuses on reducing the high risk, complexity, and time demands normally associated with forex trading. For long-term investors, it concentrates on how to hedge currency risk by diversifying portfolios into the strongest currencies for lower risk and higher capital gains and income. The usual forex materials don't provide practical answers for most retail traders or longer term investors. Virtually all forex  trading  materials focus on time-consuming, high-leverage, high-risk methods at which most traders fail. Materials about  long-term investing  in foreign assets rarely take into account the prospects of the related currency. A falling currency can turn an otherwise good investment into a bad one. Throughout the book, the emphasis is on planning and executing only low risk, high potential yield trades or investments and avoiding serious losses at all costs. Packed with richly illustrated examples every step of the way and including additional appendices and references to online resources, the book is the ultimate guide to forex for retail traders and investors seeking to tap forex markets for better currency diversification and income. The Sensible Guide to Forex is only book that teaches mainstream risk averse investors and traders how to build a portfolio that’s diversified by currency exposure as well as by asset class and sector, via a variety of safer, simpler methods to suit different needs, risk tolerances, and levels of expertise. Written by Cliff Wachtel, a 30+ year financial market writer, advisor, and analyst,  The Sensible Guide to Forex  offers practical solutions to the above dilemmas faced by every serious, prudent investor. A must own for any informed investor-but don’t take out word for it - see advanced reviews

448 pages, Hardcover

First published January 1, 2012

Reviews

[Derek Barnes · Rating 5 out of 5]

Provides a solid introduction to forex which has a reputation for being a very risky, intimidating area of portfolio management.

[Anna Olswanger · Rating 5 out of 5]

Some days I want to kick back and let my investments pay the bills. What investments? Okay, that's why I was interested in this book. It's well-written and complete, like an encyclopedia, and the advice is not just for traders but long-term investors. And I can't help but admire that the author is another American who has chosen to make his life in Israel in order to live out his values. I'm sure he could be making a lot more money in the U.S.