A few months ago I was watching a documentary about people who make a living trading on the forex which stands for Foreign Exchange market. I had heard about it before but never given it a go. I opened an account a while back without doing any research and went on to lose money quite quickly so figured it would make sense to do a bit of research into what the hell I’m actually doing.
This is the first book I have read about trading forex and I found it extremely informative. It covers the basics in quite a bit of detail. Obviously being a beginners book there is only so far it goes but for someone starting out as I am it is plenty to get started. The one thing I was hoping it would cover in a bit more detail was the candlestick charts and different patterns but then as he says whole volumes have been writen about most of the topics he touches on.
Obviously this isn’t for everyone but for those of you who might be interested in starting out on their trading career I would recommend this book and no doubt I will refer back to it countless times.
Favourite quotes from the book:
“Buy on the rumour. Sell on the news” – Pg 70
“Cut your losses and let your profits run” – pg 96
“Greed is good” – pg 96
Overall: 85%