Product Description

Traders are constantly learning their craft. Those who do not share information, discuss tactics and review prior trades are doomed for failure. Global-View.com knows this. It is the leading destination for Forex traders looking to learn and discuss trading. With over 33,000 registered users from 125 countries, Global-View.com exposes its users to an incredible base of knowledge.

In this book, the authors dissect each of 15 chosen trades, using the material to expose some of the best (and worst) practices of a Forex trader. The book weaves a plethora of Global-View.com information into the detailed dissection. Each description will include how the trade was selected and why it was made, as well as money management and psychological aspects of the trade. Entertaining anecdotal stories are interspersed throughout each trade story.

Product Details

• Amazon Sales Rank: #406633 in Books
• Published on: 2009-03-09
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 304 pages

From the Inside Flap

An inside look at professional FOREX trades

FOREX is a market like no other. Available twenty-four hours a day, with $3.5 trillion in various currencies changing hands daily, it offers the disciplined trader huge potential returns, with the risks to match. Of course, such a dynamic market is usually treacherous for those who dabble. Effective FOREX trading takes a game plan, a learned ability to both act and react, and most of all, a healthy dose of respect.

Written by the creators of Global-View.com, the original FOREX forum, FOREX Essentials in 15 Trades is an informative, entertaining look at how the market works and how traders make it work for them. Whether you're a new or experienced market participant, you'll appre-ciate the real-world experience of Global-View.com's more than 50,000 members—who come from over 160 countries—woven throughout this pragmatic guide.

Divided into three parts, FOREX Essentials in 15 Trades first gives you a primer on FOREX basics, moving from pips, pairs, and crosses, to the ins and outs of placing orders, to finer points like King Kong syndrome and Jubbs stops. After reviewing key terms and principles, the authors then analyze fifteen actual trades—some profitable, some losers—giving you an invaluable look at how various traders operate. The final section includes key information from the Global-View Web site, which will help you apply the trades to your daily business.

With FOREX Essentials in 15 Trades, you'll learn how to:

• Avoid common mistakes for new traders

• Select a FOREX broker

• Determine your trading profile and time horizon

• Develop good habits for your trading practice

• Apply both technical and fundamental analysis to potential trades

• Use margin effectively

• Make evolutionary trading changes to boost your returns

• Manage your money on good and bad trading days

• Trade in a crisis economy

• Trade the news

• And more

With numerous "Inside Scoop" commentary boxes, trading charts, chapter summaries, and recommended links, FOREX Essentials in 15 Trades gives you a thorough, lively trading guide that also plugs you into the exciting Global-View.com trading community. A complete resource for becoming a better trader, this book will get you learning—and returning—more from your FOREX trading.

From the Back Cover

A detailed look at 15 real-world FOREX trades and the lessons of each

Successful FOREX traders are always learning and refining their trading game. FOREX Essentials in 15 Trades brings you the experiences of real-world traders in today's market to help you begin or improve your own FOREX trading. Written by the creators of the Global-View.com online trading community, this go-to guide lays out key FOREX basics before looking at fifteen individual trades from several different angles. Fundamentals, technicals, money management, and psychology are just some of the aspects discussed for each trade.

With FOREX Essentials in 15 Trades, you'll learn how to:

• Avoid common mistakes for new traders

• Select a FOREX broker

• Determine your trading profile and time horizon

• Develop good habits for your trading practice

• Apply both technical and fundamental analysis to potential trades

• Use margin effectively

• Make evolutionary trading changes to boost your returns

• Manage your money on good and bad trading days

• Trade in a crisis economy

• Trade the news

• And more

Traders who study their experiences are destined to shorten their learning curve and trade more profitably sooner. FOREX Essentials in 15 Trades gives you the tools to make a smart entry into the world of FOREX trading, improve your skills, and boost your trading results.

About the Author

John M. Bland is cofounder of Global-View.com. Prior to this, he was a bank forex consultant, fund manager, and independent trader.

Jay M. Meisler is cofounder of Global-View.com. Prior to this, he was an interbank dealer, fund manager, and independent trader.

Michael D. Archer has been involved in the futures and FOREX markets for three decades as a trader, writer, money manager, and systems developer.

Customer Reviews

GVI honest advice about currencies
As a veteran currency trader for institutional clients, interbank dealing and proprietary trading, I find that the Forex Essential in 15 trades is an honest attempt to show how one can approach currency trading. The title itself shows that there is no one `correct method' in successfully trading currencies. Each person has to find what type of trading behavior best suits him or her. The message of the book is that there is no one-way to approach the market.
The book is filled with basic information about the currency market but the real insight is seeing the personality inside most of the 15 trades exemplified in the book. I found that Trade #2 regarding stop-loss orders shows the complexity and frustration of individual trades is just plain honest and to the point. Chapter 8's title of the "King Kong Syndrome" can describe the atmosphere on any interbank desk or hedge fund when one feels like the can always beat the market only to be set up for a big loss. I wish the book explored in more details the personalities behind the trades.
What the book fails to do is really promote the authors website in its proper context. I have been a global-view.com contributor since the site was created in the mid-1990s. Chapter 23 with Forex lessons from Shanghai BC is the typical posting and insight that one can retrieve from the GVI community. The site has some of the sharpest trading minds in the business and again like the title suggests, there is no one `correct' approach towards the market. If buying the book brings one into GVI, then I believe it is the first step towards understanding oneself in trading/managing money.

2 Good Chaps
I liked Chap 4 - Fundamentals and Chap 25 Shanghai BC and for these alone it may be worth a read. The rest is so so. Its by no means a must have book for forex trading and really is a promotion for Global View - which is ok too.

Informative and very useful book
Wow. This book was certainly helpful.I think anyone remotely interested in currency trading or even those with experience can profit greatly by reading this book. I really liked how the authors passed on their real world experiences not just class room type examples. It also functioned as a cautionary tale- trading is not just a bunch of numbers and I better be prepared before I get started. I would have liked to see some setup patterns in the trades section, but why quibble. This was a readable and most important a usable book that I will dip into often. It is definitely well worth owning. I also plan to spend some time on the global-view website. I have already found that extremely helpful and user friendly.