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| Currency Trading For Dummies (For Dummies (Business & Personal Finance)) | 
 enlarge | Authors: Mark Galant, Brian Dolan
Publisher: For Dummies
Category: Book
List Price: $24.99
Buy New: $12.82
You Save: $12.17 (49%)
Buy New/Used from $12.82
Avg. Customer Rating:  (25 reviews)
Sales Rank: 4529
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 360
Shipping Weight (lbs): 0.9
Dimensions (in): 9.1 x 7.2 x 0.9
ISBN: 0470127635
Dewey Decimal Number: 332
EAN: 9780470127636
ASIN: 0470127635
Publication Date: August 6, 2007
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
Features forex market guidelines and sample trading plans The fun and easy way to get started in currency trading Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis. - Identify trading opportunities
- Understand what drives the market
- Choose a trading broker
- Execute a successful trade
- Minimize risk and maximize profit
- Analyze currency charts
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| Customer Reviews: Read 20 more reviews...
 A bit of a mugs game but if you are going to do it, know what you are doing. July 4, 2009
Currency trading seems to be a bit of mugs game - I would advise against getting into it based on my own experience. I made some very big gains and then lost it all but have to say that there was a lot of randomness to it. It is easy to make money when a trend goes your way. But trends end.
This book gives practical enough information about the trading side but won't really help you to make money. You really have to know what you are doing.
 Better than all the rest June 25, 2009
I purchased 5 book on FX Trading expecting the least from a Dummies book. It easily exceeded all my expectations and then surpassed all the other books. It's a great choice.
 Good basics, but miss a HUGE point June 24, 2009
3 out of 3 found this review helpful
Let me be honest here:
This book provides some really good advice about trading the forex market. Which currencies have what tendencies, which times and reports to look out for, how to manage trades and money, etc. It provides the basics for any beginner. But, if you are a beginner, you will NOT notice something EXTREMELY important that the authors of this book did not mention ON PURPOSE. The authors, in full disclosure, state they are associated with Forex.com (i.e. Gain Capital). And while in the book they make it seem that since forex.com is part of/is a(n) FCM/CFTC/NFA (basically throwing out terms to a beginner to make it seem safe and legit), the author's on purpose do not mention that Forex.com is NOT an ECN broker, and hence you'd think that with all those acronyms they'd be credible, but think otherwise. In real short, what this means is that if you are not an ECN broker, you are allowed to, and most disclose in very fine print hidden among pages of other details they know few will read, take on purpose trades opposite of yours (hedge), in order to make more profits and ensure that begineers get wiped out and even good traders don't last for the long term. There are many more terrible practices these bucketshops use like fishing for stops, spread manipulation, etc, and forex.com has the "white gloves" implied in this book very much dirty. Just google it if you don't believe me.
Just thought I'd throw this out there for any beginners. Choose your books wisely, but don't trust everything they say, and make sure you know what they failed to say and why.
EDIT: I don't mean to pick on Gain Capital specifically. All I am saying is when you do go to choose ANY forex broker, keep my information in mind since it wasn't outlined in the book.
A great buy for the money June 19, 2009
There are dozens of books on currency trading, most of them in the $30-60 range, some even higher than that. This is BY FAR the best buy for the money I've seen. I really think its not only as good, but better than many of the other rip off titles I've come across.
The authors know their subject very well, and they put it across in the lucid, easy to reference format that I love about the "For Dummies" books. Unlike some other books, it is jam packed with helpful information and is as comprehensive as it can be in the given format. It will give you excellent points of departure to continually develop.
Be forewarned however, this may not be the best first timer book for people who don't know what retail trading is all about. If you've never traded before or dealt with investing in a serious way, I recommend Ann C Louge's "Daytrading for Dummies" first, or some other basic 101 trading book. A book like that will help you get an idea of basic trading concepts, what you're getting yourself involved in on a psychological level, and will familiarize you with the workflow and organization. That will help you get more out of this book, even though this book tries hard to cover things from a 101 perspective.
Galant and Dolan get to the chase on Forex pretty fast, which is great if you're actually ready to get down to business. If you came to this book thinking Forex is easy money, it will show you just how much work IS involved, and won't you be happy you spent $15 to find out instead of wasting much more on one of those stupid "How I made $1M in Forex" books or even worse, an expensive seminar.
Good Intro May 17, 2009
The Dummies series provides a nice introduction to the subject. This particular title provides some good references to follow through on a more in depth study of the subject of currency trading.
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