Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies

by John Jagerson, S. Hansen

Profiting with Forex introduces investors to all the advantages of the global foreign exchange market and shows them how to capitalize on it. Readers will learn why forex is the perfect supplement to stock and bond investing; why it is unrivaled in terms of protection, profit potential, and ease of use; and how it can generate profits, whether the other markets are up of down.

Written by two leading forex experts, this complete investing resource uses basic economic principles, solid technical analysis, and lots of common sense to develop an arsenal of tools and techniques that will lead to winning results in the lucrative foreign exchange marketplace. Profiting with Forex includes everything that investors need to know

The many advantages of the forex huge market size, ease of entry, profit potential, tax incentives, 24-hour trading, no commissions, increased leverage, and guaranteed stops The basic terms of forex definitions of important concepts, including "pip," "currency pair," "contract" or "lot," and more Genesis and growth of the forex how the forex market emerged out of a changing global financial landscape and continues to changes and adapt with that same volatile landscape Fundamental factors that shape the Forex the U.S. government, inflation, the U.S. stock market, China and other emerging markets, oil, and breaking news Fundamental tools for tracking Forex market interest rates, Treasury International Capital Data, Consumer Price Index, S&P 500, U.S. dollar vs. Chinese yuan, balance of trade, crude oil futures, and news media Technical analysis tools and indicators for gauging market moving averages, oscillating indicators such as, stochastics, Commodity Channel Index, Relative Strength Index, Fibonacci analysis, and others Filled with over 150 illustrations and figures, Profiting with Forex also shows investors how to combine their newly acquired knowledge of Forex fundamentals with proven trading techniques that can generate great rewards in the market.

267 pages, Kindle Edition

First published July 12, 2006

Reviews

[Lucy · Rating 4 out of 5]

I can't really speak to how helpful/accurate this book is because I'm not really in a position to test it out. However, the presentation was simple and to the point without the BS I would have expected from this type of book.

It starts out with forex terminology, fundamental factors which affect economies (so macroeconomics 101 I guess?), seesaw of supply and demand, indicators, support/projection/fibonacci, trading strategies, and money management.

There are a lot of example case studies which is excellent.
The authors do tend to shill their website now and then, but at least it isn't along the lines of: this book has no content and everything is on the website. There is content, it is pretty cut-down and simplified, but that is what you want in a introductory book to not get overwhelmed etc.

What it is missing: maybe some discussion of the practicality of owning an account and what your fees and commissions are gonna look like. Also slippage, can this happen?,they imply no. I am skeptical.

Anyway, I finally know what carry trade means :)

[Ivan Aguilar · Rating 4 out of 5]

Very well explained, with a lot of case studies and examples that help to fully understand causes and effects of the forex markets, as well as 5 great strategies to start profiting I'm this market.

[Usman]

Good book to start to learn about FX Trading