Browse Our Recommended Book Reviews Below is a list of recommended books reviewed by professional traders. Learn more about our reviewers, review criteria and philosophy. You'll find the 6 newest releases reviewed on New Releases. An Introduction to the Foreign Currency Exchange Money Markets Reuters Financial Training Series Great for the True Beginner who wants to learn about foreign exchange from square one, and for trainers or teachers who train those with little knowledge of the Foreign Exchange. This book starts by explaining what bids and asks are and continues up to the mechanics of foreign exchange derivatives, with end-of-chapter reviews. Beat the Forex Dealer Augustin Silvani - 2008 Reverse psychology or clever marketing ploy? We highly recommended it for exposing the “dirty little tricks” used by broker dealers on the other side of your trades. Unfortunately we couldn’t give it high marks because it is conflicted with the very strange perspective of a self described “manager of a successful currency fund” - MIGFX in Switzerland. Two reviewers, a mind trainer and a professional trader who traded 2M at MIG, give their thoughts on this book. Beyond Candlesticks 304 pages by Steve Nison The internationally recognized "Father of Candlesticks" introduces even more powerful, yet subtle Japanese charting techniques. Here are detailed, versatile techniques that perfect Japanese Candlestick Charting Techniques with the latest in Western market analysis. Much repeat material from his first book. Come Into My Trading Room, Dr Alexander Elder What an inviting title. In this book, Dr Elder shows us how to immunize ourselves against self-destructive psychological behavior, as he expands on his philosophy of Mind, Method and Money, weaving into the larger picture of balanced trading skills. Currency Forecasting 388 pages by Michael R. Rosenberg An authoritative work that explains every major method and aspect of exchange rate forecasting from purchasing power, parity and interest rate differentials to technical analysis. Inside you will find guidelines for reducing risk with forecasting strategies and techniques for combining forecasting strategies into a single, powerful method. Electronic Currency Trading for Maximum Profit Keith Long & Kurt Walter A fetching title but we cannot recommend it after observing the many low opinions of this book expressed on bookseller sites. Encyclopedia of Chart Patterns Thomas Bullowski (for Wiley Trading Advantage Books) The Bible of pattern recognition that many traders would not trade without. Not the same old stuff such as "This is what a double top looks like". Bulkowski gives trader pattern results from actual market testing. Want to know the reliability of the cup-with-handle pattern - it's in there. Want to know the probability of profit on the breakout of an ascending triangle pattern - it's in there. Financial Freedom Through Electronic Trading by Van K Tharp Ph.D Dr. Tharp's unique situation as a trader and a behavioral psychologist enables him to impart some very insightful, useful advice on training your mind for higher trading performance. Financial Security in Troubled Times A basic 8-Point Action Plan written by Ric Edelman, author of bestseller "Ordinary People, Extraordinary Wealth" in response to the many urgent concerns of viewers of his television and radio programs since the Attack on America. Not about trading as much as about having some investment income strategy, it makes a caring gift for initiating the topic of creating financial security. (All proceeds from sales donated to ongoing relief effort) Fooled by Randomness Nassim Nicholas Taleb If the prescriptions for getting rich that are written in books such as The Millionaire Next Door and Rich Dad Poor Dad are successful enough to make the books bestsellers, then why, we ask ourselves, aren't there more millionaires? Taleb, a professional trader and mathematics professor, examines what randomness means in business and in life and why human beings are so prone to mistake dumb luck for consummate skill. Foreign Currency Trading 256 pages by Russell F. Wasendorf, Sr. A manual on taking advantage of foreign currency trading that is frequently mentioned. Explains mechanics, rules and regulations. Some have wondered how much of his excitement-generating copy had to do with the fact that he would like us to know he owns a trading firm. Foreign Exchange and Money Markets Guide Julian Walmsley (Wiley Frontiers in Finance Series) Over the past few years, enormous changes have reshaped the foreign exchange markets: the swaps market has grown significantly, the euro looms large, and derivative instruments are increasing daily. In this totally revised and expanded guide, Walmsley provides investors and corporate officers with practical and accessible guidance. Foreign Exchange (Forex) AND High-Yield Investment Program (HYIP) Fraud by Commodities Futures and Trading This is the Investor Alert and Fraud Advisory in book form. Intended to protect the consumer, investor or trader of stocks, currencies, futures and options this is a useful-at-a-glance guide that helps you protect you from fraud. It’s more convenient than surfing their website and includes additional material. Foreign Exchange Handbook Paul Bishop & Don Dixon Paul Bishop and Don Dixon describe topics range from the basic of identifying foreign exchange risk to the more sophisticated techniques used to implement hedging policy. In addition, it is organized in such a way that readers can pick and choose the topics that concern them, depending on their level or need. International Finance Management Eun & Resnick A university course book which covers the fundamentals of the macroeconomic environment of international financial management, discusses the financial environment in which the multinational firm and its managers must function, and covers foreign exchange management and financial management in a multinational firm. Thinking of a career in Forex Trading? This book is for you. Japanese Candlestick Charting Techniques 315 pages by Steve Nison Comprehensive guide to candlestick charting by a leading expert. Full explanation of all major chart patterns, what they mean, and how to monitor and trade them. Hundreds of examples along with full section that shows how to combine candlesticks with western indicators. Managing Foreign Exchange Risk Dominic Bennett, 1997 Risk Management is the name of the game and every trader needs a course on that aspect of trading alone. To remain uninformed is to risk being blind sided by the unexpected currency movement. Bennett outlines how to identify and manage foreign currency risk exposure with both basic and advanced strategies for risk management and profit maximization in today's global foreign exchange markets. Mastering Foreign Exchange and Money Markets by Paul Roth The book provides the beginner with a test run CD enabling 15 minutes of interactive simulated forex dealing. A good up-to-date, practical primer for today's global money markets, Instruments, applications, risk management techniques, Spot FX markets: concepts, operations, and control. It Includes worked examples and exercises throughout. Mathematical Methods of Foreign Exchange Alexander Lipton, Financial Engineer A detailed and yet comprehensible description of how to apply the latest mathematical methods to foreign exchange trading is rare. Although this book is primarily derivatives oriented, such books are few and far between. Though written on a fairly high level, this book remains readable. Maximizing Performance with Focus and Discipline by Ari Kiev An analysis of a trader’s psyche. Although trading is widely acknowledged as an art, albeit one that requires incredible innate intuition and feel for the markets, Kiev prescribes ‘getting into the zone’– a psychological state that one can create – for those aiming to achieve a higher level of performance. His anecdotes, case studies, interviews and tales of the ‘Master Trader’ are both instructive and insightful. A compelling read. Technical Analysis Applications in the Global Currency Markets by Cornelius Luca brings to the table a complete and systematic set of tools that will offer "staggering rewards" (publisher's quote) for those with the knowledge to capitalize on the recent explosion of electronic forex trading. Here is an easy-to-follow roadmap for beginners and experienced traders alike on how to use technical analysis, trend patterns, moving averages, oscillators, and other indicators with a CD-ROM that lets readers test the methods presented and apply them to real trading-and quickly increase proficiency in charting and chart analysis. The 21 Irrefutable Truths of Trading 232 pages by John Hayden Strategies for traders to master the most important trading tool­­their minds. Psychology is 80% of the high-stakes trader's game. This book shows you how to become a winning trader by learning how not to lose. Divided into two parts, the first focusing on common strengths and weaknesses, the second on ways to enhance the strengths and control the weaknesses while trading. The Compleat Day Trader - Trading Systems, Strategies, Timing Indicators and Analytical Methods Jake Bernstein From his 30 years of trading, Bernstein gives a solid intro to day trading and evaluates various techniques and strategies, including moving averages, intraday application of stochastics, support and resistance, gaps, and scalping. All illustrate his core belief is that the successful day trader combines both science and skill to produce profits, consistency and longevity. The Creature from Jekyll Island "What every American needs to know about money. A gripping real-life adventure into the secret world of the international banking cartel." Edward Griffin covers some immensely important topics, the creation of the Federal Reserve system, the history of money, the conspiratorial theory of history, and the future of global socialism toward which we are being propelled, all written in a manner which is enlightening, scholarly, as compelling as it is entertaining. The Day Trader - Paperback Fiction On the basis of previous novels such as The Vulture Fund (1996) and The Inner Sanctum (1997), Frey could be called the Grisham of financial thrillers. Here, he offers an interestingly implausible story of the murder-mix-up world of a novice day trader (in stocks). We patiently predict that the day of The Forex Thriller will come. The Lexus and The Olive Tree As Friedman sees the concept of globalization, at first glance it s all about American hegemony, about McDollars in all corners of the globe. But the reality, involves international relations, global markets, and the rise of the power of individuals (Bill Gates, Osama Bin Laden) relative to the power of nations which this book explores in an enlightening way. We found it to be a good book for nurturing a 'Master Trader' perspective of our world. The NEW Trader's Tax Solution Ted Tesser CPA This comprehensive guide is updated with information and strategies for tackling the 2001 Tax Law change. CPA and expert tax consultant, Ted Tesser, provides current solutions for the tax problems facing most U.S. traders, investors, and income earners today – excessive tax payments (not to mention bequests). Trade Your Way to Financial Freedom Van K. Tharp If you are asking yourself "How can I make a living from daytrading?" This book is for you. Excellent coverage of the 10 parts of trading system design: 1) Market Selection, 2) Market Direction, 3) Setups, 4) Market entry, 5) Protective stops, 6) Market reentry, 7) Taking profits, 8) Position sizing, 9) Portfolio selection, 10) Multiple systems. Trading For a Living Dr. Alexander Elder Although this is an older title I consider it a classic in terms of being one of the first books to address methods for mental training when trading, timeless methods from a practicing psychiatrist and trader that still stand today. Trading Global Currency Markets 384 pages by Cornelius Luca (July, 2000) An in-depth look at the tremendous potential of this vital market with expert advice from one of the foremost authorities. The foreign exchange market is the world's largest and fastest growing financial terrain but despite its high trading volume, it is also a market little understood and little regulated. This definitive resource brings the universe of foreign exchange within reach of every investor. Tug of War Paul Erdman, Economist Predicting Financial Future of Currency in a suspenseful way, prominent economist Paul Erdman looks at the ongoing currency crisis and predicts what effect it will have on the American economy. "This concise, lucid primer . . . will transform the financially illiterate person into an armchair expert on such topics as currency markets, derivatives, and international trade."--Publishers Weekly. Understanding the Euro by Christian Chabot With the Euro's phase-in from 1999 to 2002, Europe is the world's first economic powerhouse to challenge to the supremacy of the US dollar. Chabot looks at the risks and opportunities that the euro presents to both business professionals and investors. Reviews: Book Review Home About Our Reviewers Review Feedback A good book is one opened with expectation and closed with profit. ~ Amos Bronson Alcott Contact Us