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Book: The 10 Essentials of Forex Trading :: Book
Date: Thursday, 08 January, 2009 :: 19:32
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The 10 Essentials of Forex Trading
List Price: USD $34.95
from USD $15.00
Product Group: book
Manufacturer: McGraw-Hill
Studio: McGraw-Hill
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Editorial Review: Product Description
Trading the Forex Market can be exciting, adventurous, and financially rewarding. It can also be disastrous for those who are unprepared for its rhythms and movements. Now, Jared F. Martinez, one of the foremost experts in currency trading, draws upon his vast knowledge and experience to deliver 10 key practices for trading in Forex. The 10 Essentials of Forex Trading shows you how to use charting methods to effectively relate market movements to trading patterns-and turn those patterns into profit. No matter your level of trading experience, you can develop the skills you need to become a consistently successful foreign currency trader-from using the right trading tools and balancing equity management to trading in buy and sell zones and identifying trends and trendlines. You'll discover what drives the Forex market and how to navigate the three stages of Forex trading: acquiring new trading rules, controlling disciplined thought, and implementing disciplined action. Martinez also prepares you to: - Understand the financial game of support and resistance between Bulls & Bears
- Use Japanese Candlesticks to discern the sign language of the market
- Create an entry strategy and a consistent exit strategy
- Use Fibonacci as part of your trading approach
- Forecast sideways movement in the market-and trade it
Martinez shows you how to put it all together to execute a successful trade by finding convergence and analyzing the market on multiple timeframes. You'll also learn how to gain control over your emotions-a vital part of trading on Forex-and eliminate bad habits that can prevent you from becoming a confident, competent, and profitable trader. To trade the Forex market, you must come to the trading table prepared. The 10 Essentials of Forex Trading arms you with the tools to develop a solid personal trading constitution and reap the financial outcome you desire.
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Reviews:
Average Customer Review: 
Summary: The 10 essentials of forex training
Date: 2008-11-12 - 
Comment: COMPLETELY USELESS AND UTTER NONSENSE!!! DO NOT BUY THIS BOOK!!!
Just make sure you take a look what's inside before you make the purchase!!
Chapter 3, Self empowerment via trading software??? The author begins by saying that there is no software out there that can make you a reliable profit... then on the next page he says you should invest in his MTI trading package which isn't cheap because investing in cheap software just does not work. Furthermore he contradicts this notion by saying that people who can create such software might as well sell it to a bank for millions, why bother selling it to small individual investors???
Terrible, terrible book. Let's just say if you buy this book you might as well be paying for an advertisement for his trading software.
If you are still not convinced that the book is 220 pages of a money making scam together with his software, read the back of the book and see who has written reviews... An insignificant person named Larry Pesavento, who probably does not even exist and Stephen R. Covey, who does not even comment about the content but rather the authors "great" character. Finally go look at the author's background... nothing spectacular at all. Just some average scam artist trying to get rich from teaching people how to make money on the currency exchange by reading better books out there and teaching himself. I hope you aren't the one getting being scammed by this idiot.
This book is going back to where it came from and hopefully back to the author himself. He might as well be giving the book out for free had he intended the book to sell his software.
0 of 1 people found the following review helpful:
Summary: Essential for the Futures Trader
Date: 2008-09-07 - 
Comment: You won't be disappointed in The 10 Essentials of Forex Trading. I've read it from front to back and find it the perfect learning tool. It has really helped me put Forex Trading into a good perspective. I was attracted by the title of 10 essentials and wanted a good reference book. It is easy to follow and makes the Forex learning experience easier to understand. I'm ready to put what I've learned to work. So should you. Highly recommended.
1 of 1 people found the following review helpful:
Summary: Smells like a rat... looks like a rat...
Date: 2008-09-04 -
Comment: What nerve...
"I never cease to be amazed at all the 'marketing gurus' who start Forex education training companies or attempt to sell Forex 'buy and sell signals' and prey on the ignorant by promising them untold fortunes on the Forex for the bargain price of $995." p. 33
Also on p. 33... "When it comes to trading on Forex, I highly recommend the MTI 4.0 charting package" He likens the software to, "A solid built, 1,100-foot, state-of-the-art cruise ship with all the latest gauges for weather ... " and follows with, "With so much at stake, do not take a shortcut on paying for quality trading tools."
And oh yeah... he owns MTI.
And then when you search online for the software, you get to scammy looking sites that sell it in the same fashion that get-rich-quick ebooks are marketed. And then there's the inevitable 7-day free trial... and no mention of the price. After some webcrawling, I found that the software costs $199 per month. Hmmm... Not to mention that the software looks cheap. I'm a programmer myself and I can tell you that the MTI software looks like garbage.
Here's another hint... google 'mti scam' and see what you get. Here's a sample: http://www.forexpeacearmy.com/public/review/www.markettraders.com
Personal note: enough with the analogies to flying an airplane. So the guy has a pilots license... that doesn't mean that every function in his software package has to be analogous to a control in a cockpit. Lame.
Summary: The scammy nature of the software package that he endlessly promotes is enough to spoil anything else that the book might do well. Not that I'll find out, because I'm throwing the book in the garbage.
0 of 1 people found the following review helpful:
Summary: I would definitely recommend this book.
Date: 2008-05-11 - 
Comment: I would recommend this book for sure. Yes, it is simple but that is the whole problem with the forex market and why 90% or higher do not know how to trade. There are so many "systems" and folks are confused. He shows how to trade with a high probability in this book but it's his personal testimony that I identified with most. It got me headed in the right direction by pointing out that I must use discipline or NO system will work. This is not the only information you need to learn to trade but a good one for your collection. I really enjoyed the book a lot.
Summary: Good starter for those looking for level headed advice
Date: 2008-04-27 -
Comment: Before you put your money on the line, READ THIS!
This book is a quality item for becoming acquainted with the reality of trading forex.
Good advice on the psychological aspects of trading.
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