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7 Winning Strategies for Trading Forex: Real and Actionable Techniques for Profiting from the Currency Markets

By: Grace Cheng
Binding: Hardcover
Publisher: Harriman House Publishing
ISBN: 1905641192
ISBN-13: 9781905641192
Released: 25 Jun 2007
RRP: £19.99
Average Rating:


Customer Reviews

Basic but usefull - By: A. El Sherif, 21 Jul 2008
About a third or more of this book explains how the forex market works & not how to trade the forex market. The author talks about pip gain & simple calcualtions. She also explains simple things like long/short orders. It goes on from interbank market to currency volatility & liquidity. Breif discussion of money managment. A lot of empty pages. The author explains how she had to cancell lunch because of a trade. The book goes on about self discipline & emotions, which is very important but only if you are a new trader. I think this book reallly lacks material.

I mean if you are a new trader then this book is a must. However, if you are already trading & looking to improve your skills & gain more insight into technical analysis tools; then this is not for you. Even the strategies are quite simple.

It has the following strategies:

Breakout fading - Using resistance & support levels
Breakout trading - Using bollinger & triangle formations.
News Trading Strategy - No comment
Carry trade - Trading in favour of Intrest rate return.

There is a very breif explanation of MACD, RSI & Stochastics.

This is not a book that will teach you a new & different trading style. It will rather introduce you to the concept of a trading strategy & pave the way for further reading. All you need is a very basic knowledge to understand eveything that she is talking about. You just need to know about candlesticks before reading this book.
Another Brilliant book. - By: Dr. Pedro L. Moran-Raschio, 14 Jul 2008
This is another star in my bookshelf, I am practicing some of the strategies reccomended, this is quite important book in my view to do forex. This book open my mind about the most important strategies to follow with forex, no doubt a game for the most refined speculators.
Did not expect it to be that good.... - By: Syd, 04 Dec 2007
Well, if you a new trader like me, has no or very little idea about market, technical & fundamental analysis then this book has some reallly good learning techniques. The good thing I like about this book is that it is to the point, & only has 7 techniques, using simple yet powerful technical analysis tools ...

I have read many other books & highly recommend buying currieries for dummies - a must book that every new trader should have.

I would say that you must read it before getting into LIVE trading.