Making Money in Forex: Trade Like a Pro Without Giving Up Your Day Job (Wiley Trading)
by on Friday, February 4th, 2011 | 4 Comments
Making Money in Forex: Trade Like a Pro Without Giving Up Your Day Job (Wiley Trading)
- ISBN13: 9780470487280
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
A practical guide to trading around the commitments of career and family Making Money in Forex will help aspiring traders successfully enter this field while maintaining a job. With this book, author Ryan O’Keefe explains his own personal journey to becoming a trader and shows you how to follow a similar path. O’Keefe describes his approach to trading and reveals his bargain hunting trading style, which is designed to capitalize on market trends. Throughout the book, O’Keefe pays a great
List Price: $ 70.00
Price: $ 35.00
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Tags:Forex,Giving,Like,Making,Money,Trade,Trading,Wiley,Without
A primer on forex trading that I would skip,
This is a primer on forex trading. It covers a little bit about the market place and a little bit about technical analysis. If you are totally new to forex trading I would recommend browsing the web or checking out Currency Trading For Dummies. That book is better organised, more fun to read, and cheaper. So I would give this book a pass. This book really deserves two stars were it not for the very misleading subtitle “trade like a pro without giving up your day job’. Such a tagline is in my view not very honest. It is not that easy to make money in forex and to assume it can be done on the side is totally misleading in my opinion. So that is why I have only given the book one star.
I have written several short reviews on trading books. The best way is to compare the score on the books I’ve read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn’t “great”. Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.
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|It works.,
I’ve applied the methods Mr. O’Keefe recommended in his book and they worked. I found the book to be well written. It is easy for someone to criticize others work, but I have been trying to find a system to actively trade the forex while maintaining a day job. This did it for me. I’m also a firm believer in the KISS principle; Keep It Simple Stupid. I have in the past covered up the charts with so many indicators I was unable to read the price. The principles laid out here meet the criteria of KISS.
I would definitely recommend this book. I have both the hard copy and the Kindle version. I loaned my hard copy to a friend for him to read; I believe in it that much.
I am actively trading Mr. O’Keefe’s methods and appreciate his work.
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|Looks like my own trading, keep it simple!,
This book is very simple to read and covers alot of what you need in your trading. I have been trading for about 2 years now. Struggling between different strategies, different indicators, discretionary vs. mechanical and so on. I used to believe that the more complex my chart and trading was, the better trading I would get. I was obviously wrong. The last 6 months I have been in profit on my live account with alpari.co.uk (actually a very steady rise on my equity curve). The only indicator I use are the price itself and a standard MACD. I only use the macd for divergence spotting. I will spot support and resistance (usually on the 1-hr timeframe) and trade off them. I take an overview on the DAILY and WEEKLY. Look for a strong move on the DAILY and wait for a retracement back to support/resistance. On the WEEKLY I look for strong points that will probably act as sup/res. The key is cutting losses quickly and let the profit run. And also using break-even and partial-profit taking along the way. I’m risking 0.5-1% of my account.
I would probably not recommend this book for a total newbie. There are better books for them. But if you have been struggling with your trading for a while or think that you need a complex system to succeed, then I would recommend this book. I you follow the principles in this book and not give up after some losses, you will probably get good results. I won’t come over night, you have to practice and practice. It doesn’t help reading alot of good books if you don’t practice on a live account. ‘Keep it simple stupid’ or ‘keep it super simple’.
Just a final note: it IS possible to trade with good profits, even if you have a full-time job. I am a full-time (100%) student and works 75% at a job. Thats 175% + I very active at sports, so I don’t have much computer time. That’s why it’s so important to have a simple system, where you only look at 1-2 timeframes. That way you can easily trade anywhere you want with a laptop. I have also tried trading purely off the weekly and daily (which is perfect for busy people) and it worked very well. You only look at the chart once a day. Either you have a setup or you don’t. But personally I prefer the 1-hr chart.
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|Large Bill Holder,
Excellent!!! They are larger than a dollar bill and seal well. The plus is I do not have to force the dollar into a space of the same side and cause wrinkles.
Best Bet!!!!
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