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Book: The Complete Idiot's Guide to Foreign Currency Trading (Complete Idiot's Guide to) :: Book
Date: Thursday, 08 January, 2009 :: 18:21
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The Complete Idiot's Guide to Foreign Currency Trading (Complete Idiot's Guide to)
List Price: USD $16.95
from USD $4.49
Product Group: book
Manufacturer: Alpha
Studio: Alpha
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Editorial Review: Product Description
The only how-to guide to today?s most lucrative, fast-moving investment opportunity. Interactive CD included! Once considered the most abstract of all kinds of investing, foreign currency trading has exploded into the mainstream. In this concise, easy-to-follow guide, foreign exchange expert Gary Tilkin and financial journalist Lita Epstein shed light on the entire process, providing tips on successful trading strategies, explaining the pitfalls, showing how to avoid on-line fraud, and much more. --Interactive instructional CD features Global Foreign Trading?s proprietary software DEALBOOK, which allows readers to log on to its site and learn the process of currency trading, complete with virtual dollars with which to practice their new trading skills
--Also includes live links to up-to-the-minute information on every foreign currency and current resources professional traders use to get insight into this fast-paced market
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Reviews:
Average Customer Review: 
Summary: Don't Take the FOREX, You'll Kill Yourself!
Date: 2008-11-21 - 
Comment: Kick me for being a frustrated capitalist. I was hoping to find the one true system to turn $1,000 into $1,000,000 [but I'd settle for $100,00 just as a current U.S. senator was able to do in her past; but first I'd have to figure a way to score $1,000]. Well, and I do mean well, the authors of this neat book make it abundantly clear that I am in fact an Idiot and should never ever get out of the boat and wade into FOREX waters without them (or some other suitable professional guide). Page 184 screams in quite bold print, " FOREX Trading is Risky. Don't Believe Anyone Who Says It's Not!" This is one of the least costly FOREX trading books out there. Since you can't possibly trade money without professional help, don't bother wasting your money on a more expensive book that is just going to tell you the same thing. All that said, the price of this book is well worth it to: 1) keep you from losing a ton of money out of ignorance, and 2) inform you how supply/demand markets work (read chapter 5 in the book store or library if you want to do yourself a favor on the cheap).
Final verdict: recommended for the curious.
Hint: read my other two financial book reviews that follow this one if you care to know know why this country is now on the implosion short list.
Summary: Just ok
Date: 2008-11-19 -
Comment: I think this book is just ok for beginners. It explains Forex basics well enough. However it does spend alot of time recommending the use of their software, a sample of whihch is included in the CD that comes with the book.
Although its called a sample pratice software, you actually have to open an account before you can use it.
1 of 1 people found the following review helpful:
Summary: Buy Currency trading for Dummies instead
Date: 2008-07-07 - 
Comment: I'm just killing time with reviews here, otherwise I wouldn't bother to tell you that. But in general, the whole Idiot's guide franchise is just a cheezy ripoff of an already cheezy (but still superior) franchise.
To answer another reviewer's question though, interest rates are good and bad for currencies, depending on what shape to economy is in. If the interest goes up in response to economic growth, it's good. If it's to control inflation, it's bad.
It says that in the For Dummies book, by the way.
0 of 7 people found the following review helpful:
Summary: Idiots Guide to Foreign Currency Trading
Date: 2007-10-06 -
Comment: I had to read this book because, well, my boss wrote it. :)
It was very informative, easy to understand, etc, etc, etc. And I'm not just saying this because I don't want to get fired either. haha
If you are interested in Forex, this book is a good place to start.
8 of 14 people found the following review helpful:
Summary: What's Inside
Date: 2007-07-22 - 
Comment: The Complete Idiot's Guide to Foreign Currency gives you an overview of Forex and who trades it. You'll find a history of how Forex started, an overview of the key terms you need to know and how to find the most current information about currency on the internet and in other print publications as well.
You'll find an entire chapter on why currency changes value including discussions about economics and business cycles, political developments, changes in interest rates, international stock news, inflationary expectations, international investment patterns and policies adopted by Governments and Central Banks. We also discuss how you as a trader can take advantage of these changes.
Next we cover the eight key currencies you can consider trading as a new trader and then talk about the risker emerging country currencies to watch after you have more experience and decide you want to take on more risk.
After that there are four chapters on trading basics you need to know - trading platforms, hardware and software; basics of technical analysis (don't expect to learn how to do technical analysis with this book - it's just an intro - that is a book in itself), fundamental analysis, and the risks you face as a Forex trader.
Fianlly we look at the tools you can use for trading including how to deveop your money strategies and how to place orders. We do use co-author Gary Tilkin's software, which is available on the CD Rom included with the book, with sample trades but recommend others that can be accessed on the internet as well. Gary Tilkin is the founder and CEO of Global Forex Trading, which is an online foreign exchange dealing company. He is an internationally renowned expert in currency trading and the futures markets with over 30 years of trading experience.
Other chapters discuss using mini accounts, managed Forex and trading systems, and how to avoid money fraud.
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