Beat the Forex Dealer: An insider's look into trading today's foreign exchange market
The foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get 'chopped up'. It is one of egos and money, where millions of dollars are won and lost every day and phones are routinely thrown across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market, which has unfortunately spawned a new breed of authors and gurus more than happy to provide misleading and often downright fraudulent information by promising traders riches while making forex trading 'easy'. ealer!
Banks are bound to fail from time to time. But, asks Andrew Palmer (interviewed here), does the fallout have to be so painful?
WILSON ERVIN, the chief risk officer at Credit Suisse, a large Swiss bank, cannot pinpoint the precise moment he knew something was up: “This was not like Paul on the road to Damascus.” But signs of the gathering subprime storm in America started to trigger alarms in late 2006. Data from the bank's trading desks and from mortgage servicers showed that conditions in the subprime market were worsening, and the bank decided to cut back on its exposures.
If you have no time to follow the market closely, then Trend Trading is the book for you. Trend trading is one of the most effective and easy-to-use methods for making money in the market. Success depends on identifying the trend with confidence and catching the trend after it has started, and on getting out as soon as possible after the uptrend turns into a downtrend.
Bill Poulos has compiled an affordable home study course. The course is primarily delivered through video presentations, consisting of six modules. A seventh bonus module has been included for good measure. Each module addresses a distinct aspect of Forex and each of the four trading systems provided as part of the course. The printed materials reinforce the video presentations and include trading "blueprints" on heavy card stock. These serve as "cheat sheets" for quick and easy reference once you begin trading.
Trade Chart Patterns Like the Pros: Specific Trading Techniques
Whenever I'm asked for a book to recommend, "Trade Chart Patterns Like The Pros" is my answer, without hesitation. My library is huge, but this book is one of the few that not only shows you the patterns, but how to enter and exit.
