Forex Book

5 Reviews

1. Molly:

   Steve Nison’s newest book on candlestick charting achieves all that it claims it will. It is one of the best self-help books available for the new entrants into the world of trading and I have read most of them. If you are an experienced trader but new to technical analysis then you will find this book easy to adapt to. Though there’s a lot more to technical analysis rather than just candlestick charting this book makes an excellent beginning to it. Where most books for newcomers goes wrong, this book hits the bulls-eye. It actually starts from the basics without jumping to more advanced techniques without properly introducing them. Nison covers one aspect at a time and gradually proceeds to finishing each chapter with test section to check your understanding. One important point that works in Nison’s favor, and rightfully so, is that he is the one who introduced the western world to the technique of candlestick charting. I will personally advise you pick Tina Logan’s “Getting Started in Candlestick Charting” to strongly cement what you have picked up from Nison’s book. After you complete reading both books , you can treat your knowledge equivalent to that of an expert. The special thing about Candlestick charting is that not only does it present all the data schematically; it gives a lot of additional information regarding the ongoing in the market. It is far more superior to all the other methods of technical analysis and should be the one you prefer to use.

   17 November 2010, 8:15 am

2. leo:

   I picked up “The Candlestick Course” only because it offered simple and detailed explanations of what it contained. The absence of the same was the reason I stopped reading Gregory Morris’ “Candlestick Charting Explained” as it was full of useless jargon and minute amount of detail.
   The editing department needs a facelift though as the poorly illustrated Q&A sections made them impossible to understand. I was baffled by the poor print and I had to go back to the chapter to see the “question charts” and move to another page to see the “answer charts”. It made for a bizarre experience.
   However, putting the poor editing aside, I liked the book and found it helpful.

   17 November 2010, 8:15 am

3. Buck:

   I picked up this book hoping to find a trading tool which is effective and visually appealing at the same time. After I completed the reading process, I was left with a bitter taste in my mouth. The candlestick technique is strikingly similar to the OHLC method. The only difference being the fact that it more pleasant to look at. I was very irritated at Nison’s repeated attempts to highlight the superiority of candles over OHLC. I wish to give the author a piece of my mind and tell him it is not so at all!
   The only different between the two methods is the actual interpretation of data is done differently by the West and the Japanese. The West calls it OHLC and the Japanese say Candlestick. I still feel that the candlestick method can’t be used efficiently without using Western indicators. You should read this book if you already have a trading technique with you and want to give it another dimension. It is not a method that can be used all by itself.
   Nison authored the book forgetting who is going to read his book. The language used is by no means advanced and not a very pleasant experience. Though I completely appreciate the importance of repetition, Nison goes a little beyond was was required. I don’t think I can read the book another time plainly because it is of a very elementary level and I pride myself on being an academic.
   Without being too condescending, I did learn the interpretation of the candlestick patterns. I appreciate it for being a learner’s guide but I take some points away for being too elementary and boring.
   I must add the layout was quite poor and Nison should have understood that he isn’t writing for school students should have given the question and answer charts together. It was extremely frustrating to flip back and forth.

   17 November 2010, 8:15 am

4. Johan:

   For those new to the Japanese method of technical analysis called candlestick charting, this is the ideal book to get initiated. Written in a very simple and elementary way, it is very to be understood by even the most average speaker of the English language. Additionally, the book comes with a detailed question set at the end of every chapter which enables the reader to test his own understanding of the lesson in the chapter.
   One complain that I have is that the book was rather too elementary. The analysis wasn’t thorough enough. The author should have included some information for the more advanced reader as well. Also, the author fails to come up practical everyday examples to justify the application of the topic.
   It is a very well written book from the newcomer’s point of view but it has nothing to offer to the more experienced trader.

   17 November 2010, 8:16 am

5. Mattttttt:

   What I admire most about this book is the addition of a question section with the answers also given. The front page of the book highlights its elementary nature and the book is just that. It teaches a lot to the reader even though it is just about 200 pages. The Q&A section is very beneficial in cross checking your conceptual grasp. Despite that the fact that a lot of page flipping was involved, this was only because a question could be answered using more than just a particular chart and providing the answer right there would just defeat the purpose. For me the book was exactly what I wanted it to be and served as a lovely introductory book for candlesticks and I will definitely want to know more about this.
   I wish everyone reads the book and has a pleasant trading experience.

   17 November 2010, 8:16 am