Comments on: Day Trading the Currency Market by Kathy Lien http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/ Forex Book Blog Allows You to Get Forex Books and Read Their Reviews for Free. Sun, 01 Jan 2012 02:45:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Peregrine http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/comment-page-1/#comment-101785 Peregrine Wed, 17 Nov 2010 20:43:56 +0000 http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/#comment-101785 Learning while being in the forex trading market can be very expensive, especially in the first year. When I attended a speech by the author in Houston, after about a year and a half of being a trader, I was impressed. When I came across the book I wanted to buy and read it plainly because she had left a mark on me and I felt I could learn a great deal from the book and improve my trade tactics. It was more like an initiation manual for the newcomer even though it was pleasant to read. It should, in my opinion, be treated as one of the first books a trader will need before getting into forex trading. It will definitely help the newcomer in pointing out the initial direction he should move in but the finer points of trading will have to come by some other means. Learning while being in the forex trading market can be very expensive, especially in the first year. When I attended a speech by the author in Houston, after about a year and a half of being a trader, I was impressed.
When I came across the book I wanted to buy and read it plainly because she had left a mark on me and I felt I could learn a great deal from the book and improve my trade tactics.
It was more like an initiation manual for the newcomer even though it was pleasant to read. It should, in my opinion, be treated as one of the first books a trader will need before getting into forex trading. It will definitely help the newcomer in pointing out the initial direction he should move in but the finer points of trading will have to come by some other means.

]]> By: forexer http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/comment-page-1/#comment-101784 forexer Wed, 17 Nov 2010 20:43:38 +0000 http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/#comment-101784 Kathy Lien was once a part of the Forex trading team at JP Morgan and she has masterfully begun her book by writing a great introduction to day trading in the forex market. Despite the critical acclaim the book has managed to receive, the book lacks detail. It does not teach the reader how to go about his decision making. It just briefly touches the Macroeconomic considerations and the case studies only deal with the best-case scenarios. The importance of statistics and stochastics has not been elaborated on. If you are a new entrant into the forex market then you will find this a very simple book to read and will understand a lot about the working of the forex markets. Kathy Lien was once a part of the Forex trading team at JP Morgan and she has masterfully begun her book by writing a great introduction to day trading in the forex market. Despite the critical acclaim the book has managed to receive, the book lacks detail. It does not teach the reader how to go about his decision making. It just briefly touches the Macroeconomic considerations and the case studies only deal with the best-case scenarios. The importance of statistics and stochastics has not been elaborated on.

If you are a new entrant into the forex market then you will find this a very simple book to read and will understand a lot about the working of the forex markets.

]]> By: Ben http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/comment-page-1/#comment-101783 Ben Wed, 17 Nov 2010 20:43:19 +0000 http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/#comment-101783 This book will make a great addition to your collection if you are a trader. Kathy Lien presents her text in such a way that the reader will be left with hardly any question after reading. She goes a step further and explains the currency market mechanism in such a way that answers all your questions and even some questions you didn’t even realize the existence of. I have understood a great deal more than what I knew about the Forex before. Though the target audience is the trader, any reader will be able to interpret what the author has to say and understand the nuances of the currency market effectively. This book will make a great addition to your collection if you are a trader. Kathy Lien presents her text in such a way that the reader will be left with hardly any question after reading. She goes a step further and explains the currency market mechanism in such a way that answers all your questions and even some questions you didn’t even realize the existence of. I have understood a great deal more than what I knew about the Forex before.
Though the target audience is the trader, any reader will be able to interpret what the author has to say and understand the nuances of the currency market effectively.

]]> By: Boris http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/comment-page-1/#comment-101782 Boris Wed, 17 Nov 2010 20:42:49 +0000 http://www.forex-book.org/day-trading-the-currency-market-bykathy-lien-free-download/#comment-101782 I have been among the few having actually seen Kathy Lien address the audience at the Forex seminars, twice. Her personality is enigmatic and she is a very knowledgeable person. If you plan to invest in Forex then this book will provide you with many valuable tips and has content you can learn a lot from. One must note that this book has actually been authored by successful Forex broker and not an independent entrepreneur. If you want to be a good trader you must start by understanding the differences in the functioning of successful traders and brokers. The trading industry is almost completely driven by the brokers and therefore most of the content available on successful trading is, by one way or the other, stemming from the brokers who make the most money because they only teach the strategies which are the most beneficial for them. Trading being an industry which lacks a regulating body enables brokers get away with almost anything. Pointing out one such point, my last outing as a speaker for FXCM helped me discover that they were following a practice of charging negative interest with no respect to the direction of one’s trade which, in my opinion, should be illegal. Kathy discuses “carry trade” explicitly. But there is no stopping them due to the absence of any sort of regulation of their actions as even the CFTC and the NFA can actually any exercise sort of control over the brokers. Most brokers do not record their interest rates nor tell the market thereby enabling them to do whatever manipulation they wish to in accordance to their personal interests. Other brokers have a great difference between their negative and positive interest rates, with the negative rate being almost double in extreme cases. The whole plot revolves around the main aim to keep day trading more popular which profits the brokers the most. Asking a broker for a lesson in trading is like taking gambling tips from the owner of a casino. Nowadays even the successful traders are introducing brokers who gain when the average trader trades. The wise man should know that the only way to go about Forex trading in a profitable way is to look at sources which give you the statistics which is not related to any broker whatsoever. I have been among the few having actually seen Kathy Lien address the audience at the Forex seminars, twice. Her personality is enigmatic and she is a very knowledgeable person. If you plan to invest in Forex then this book will provide you with many valuable tips and has content you can learn a lot from. One must note that this book has actually been authored by successful Forex broker and not an independent entrepreneur. If you want to be a good trader you must start by understanding the differences in the functioning of successful traders and brokers. The trading industry is almost completely driven by the brokers and therefore most of the content available on successful trading is, by one way or the other, stemming from the brokers who make the most money because they only teach the strategies which are the most beneficial for them. Trading being an industry which lacks a regulating body enables brokers get away with almost anything. Pointing out one such point, my last outing as a speaker for FXCM helped me discover that they were following a practice of charging negative interest with no respect to the direction of one’s trade which, in my opinion, should be illegal. Kathy discuses “carry trade” explicitly. But there is no stopping them due to the absence of any sort of regulation of their actions as even the CFTC and the NFA can actually any exercise sort of control over the brokers. Most brokers do not record their interest rates nor tell the market thereby enabling them to do whatever manipulation they wish to in accordance to their personal interests. Other brokers have a great difference between their negative and positive interest rates, with the negative rate being almost double in extreme cases. The whole plot revolves around the main aim to keep day trading more popular which profits the brokers the most. Asking a broker for a lesson in trading is like taking gambling tips from the owner of a casino. Nowadays even the successful traders are introducing brokers who gain when the average trader trades. The wise man should know that the only way to go about Forex trading in a profitable way is to look at sources which give you the statistics which is not related to any broker whatsoever.

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