Forex Trading Using Intermarket Analysis
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Average customer review:Product Description
This book explores the application of intermarket analysis to the foreign exchange market, the world's largest and most widely traded financial market. Intermarket analysis helps traders identify and anticipate changes in trend direction and prices due to influences of other related markets as financial markets have become interconnected and interdependent in today's global economy.
These markets include forex futures and options as well as major cash forex pairs, which are affected not only by other currencies, but by related markets such as the S&P Index, gold, crude oil, and interest rates. As the world economy of the 21st century continues to grow and as new advances in information technologies continue to be introduced, financial markets will become even more globalized and sophisticated than they are today, increasing the central role that the forex markets play in the global economy.
Product Details
- Amazon Sales Rank: #923496 in Books
- Published on: 2006-03-08
- Original language: English
- Number of items: 1
- Binding: Paperback
- 108 pages
Customer Reviews
Another Sales Pitch From Lou Mendelsohn
If I had read the author's previous book, I wouldn't have bothered with this one. If I had read the reviews of that book, I probably would have skipped this one.
Assuming you accept the author's premise that intermarket analysis is something forex traders cannot do without, you might still have trouble accepting the solution: Buy Mendelsohn's product, Vantage Point.
I went to the Vantage Point website. No price is given for the product, so I assume it costs a fortune. Maybe that's not so bad if it's really picking 70%+ winners on a regular basis. Still, even if I were won over by the sales pitches on the site and in this book, for all I know, the hundreds or thousands of dollars I spent on the Vantage Point software might eat up most of my profits.
I give the book three stars because it held my interest and didn't cost too much. Of course, if you find the book truly worthless, then any price is too much. I give the book a mild recommendation, but if you don't read it, you won't miss much.
Shameless sales pitch
Save your money, this pamphlet is a sales pitch for an expensive software. Gosh, don't you hate those "please-read-my-pamphlet-and-buy-my-software-please-please-please" books?
Don't bother buying this book
If you know nothing at all and I mean nothing about fx or trading in general, this book will give a very vague non useful description of some of the basics. Has no useful information about intermarket analysis and only 12 useless pages with useless diagrams half filling those pages about it. He does promote his own product for a full chapter though, spends more time on that than intermarket analysis. glad I bought that book NOT.




