I came upon this as background reading and—though I dared not delve into its trading recipes lest I squander my time without the will to trade—it nonetheless confirmed several invaluable truths: 1. The foreign‐exchange market truly reigns as the world’s largest. In 2022, its daily turnover soared to $7.5 trillion. To grasp its scale: as of 2012, that figure was twenty times the global equity market’s volume. With so many players, no single hand can steer its tides—liquidity here is boundless. 2. Unlike any other asset market, FX never sleeps: it spans the globe in a continuous, 24-hour dance. 3. Leverage can reach dizzying heights—up to 500:1—tempting the most reckless gambler to madness. 4. Because currencies trade in inexhaustible pairs, one may always go long or short. Opportunities persist even through recessions or downturns; fortunes can be made against the ebb and flow of economies. 5. To this day, EUR/USD commands the lion’s share—nearly 30 percent—of all FX transactions.
Among its sage lessons are two that stand paramount: • The art of interpreting sudden news events. • The craft of executing real trades with discipline and precision.
Beyond these tactics, the book weaves in a tapestry of historical case studies that hone one’s strategic insight. Consider two decades of G7 central‐bank interventions: Switzerland, Japan—no nation shies from brandishing exchange‐rate meddling as a blunt instrument. Indeed, currency manipulation has long been wrought as a Western‐forged weapon of statecraft.
Taken together, these pages reveal not a mere guide to profit, but a chronicle of the grand, ceaseless theater in which nations vie, and fortunes are won or lost, upon the shifting winds of global finance.
A book designed for beginners that provides valuable fundamental knowledge and aids in identifying a suitable trading strategy based on one's personality traits. It covers various types of traders such as day traders, position traders, swing traders, and scalpers, helping readers understand the requirements of each.
One of the best books in the list. Mario gives a thorough breakdown of fundamentals and technicals, and then covers different strategies for different timeframes.