As the foreign exchange market grows, investors are keen to find out just what it has to make available and how to earn money from various foreign exchange books. You will discover a huge selection of books on the subject of spot currency trading and the foreign exchange industry with fresh kinds released monthly. All these books claim to help coach both the amateur trader and the experienced investor about the industry and the best ways to make money. However some of them do a considerably better position than others.
Foreign Exchange Book Review
Day Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Swings, Kathy Lien
Kathy Lien, chief strategist at Forex Capital Markets, is responsible for providing research and research for DailyFX, which includes technical and fundamental research reports, market commentaries, and exchanging techniques. Her book discloses a range of technical and fundamental profit-making approaches for trading the currency market. Everything is described from time-tested technical and fundamental strategies to a host of more essentially oriented strategies that are shown from the author’s own experiences with the somewhat secretive multi-billion money inter-bank currency market, regarding inter-market relationships, interest rate differentials, option volatility, news incidents, and fundamental bank intervention. It also gives an in-depth overview of each one of the major currencies.
Readers have given it rave reviews, scoring five stars on Amazon. com and other similar web sites that poll readers. It is said to be the most beneficial overview of various economic issues, including rates of interest, balance of payments, commodities, and bond price ranges as they relate to the foreign exchange industry.
Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment, Boris Schlossberg
In addition to currently being the Senior Currency Strategist at FXCM, Boris Schlossberg furthermore co-edits both the FX section on Investopedia. com and The Money Trader on money-trader. com. His book provides the reader with practical, market-proven forex trading weapons and also solid strategic understanding. It explores the important similarities and distinctions between the FX market and other economic markets as well as describes the key themes that drive the foreign currency markets and which technical tools traders can use to best exploit these themes. Mr. Schlossberg gives us his insights on technical analysis and examples for each trend and range trading setups as well as dealing with the methods for recognizing frequent price patterns that are the building blocks for understanding and interpreting price fluctuation. Simply put, this book aims to educate new traders on how to make money by removing costly beginner’s mistakes and emphasizing simplicity.
Similarly to Ms. Lien’s book, it has scored outstanding reviews by readers including five stars on Amazon. com. This book will provide you with the skills and confidence you need to make money in the global currency market.
Getting Started in Currency Trading: Winning in Today’s Hottest Marketplace, Michael Archer & Jim Bickford
Michael Archer, an effective commodity futures and forex trader for over 30 years and currently CEO of commtools. inc along with Jim Bickford, a technical analyst and active day trader of the foreign exchange market, wrote Getting Started in Currency Trading as both an introduction and reference tool to the overflowing forex trading market. After a clear description of the foreign exchange market and a section of foreign exchange terms clearly described with examples, the book goes on to show readers how to open their own trading accounts, inside shots of a dealer’s trading platform, and a walk through of keeping and liquidating orders. Later chapters introduce various trading strategies and tactics in detail, along with some fundamental and technical analysis to assist the trader in their decision-making process.