Copyright © 2010 Forex Stategies, Reviews And More. Snowblind theme by c.bavota & Juan Gordillo. Powered by WordPress.
{features}
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 … Buy Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market at Amazon
November 1, 2009 at 6:17 am
This is easily the most valuable book of the nearly dozen or so I’ve read. Have you ever wondered why the market moves against you when you follow text book technical set ups that every trading manual states you should? It’s because the brokers and dealers know you will and actively go after your position. It’s obvious to me now but before reading this book I didn’t know MY broker was out to aggressively take my money. This book has given me a whole new view of forex trading and because of it I’ve stopped scratching my head and begun to make gains. I know the real game now and have adjusted my trading to take advantage of it.
November 1, 2009 at 6:29 am
Unlike most Forex books, this does not reiterate basic strategy and definitions. Rather, it assumes that the reader knows the basics, and concisely reveals how the Forex dealers can use those strategies against the reader. The author’s material corresponds well to common complaints from traders worldwide (check out Forex trader blogs at any website). The graphs are well-laid out, and helpful for elaborating on the counter-strategies described by the author. A quick read, but surely complex enough for re-reads. I cannot comment on whether the author’s strategies will indeed ensuring “beating the dealer” (have not tested them yet), but I think that revealing how the Forex establishment can take advantage of traders will make readers more cautious, and less trusting. Should be part of any advanced beginner’s library.
November 1, 2009 at 6:50 am
The only reason i am giving it a four star is because the chapters can be a little short and sometimes more elaboration would be good. Having said that, i must say this is in the top 5 best books on forex i ever read. If you don’t purchase this book you will probably end up making dumb mistakes and loose money simply because you are not aware of all the players and where you fit in this game. For beginners for sure survival is success in this game: Silvani will help you to survive. Although it is not a book for beginners in the sense of teaching the basics, if you are new you still owe it to yourself to read this book. It will save lots of money in your forex endeavours. Just the chapter on stop losses is worth the price of the book, and that’s one of the reasons i am giving it a four star- i wanted more information. Everyone i read in books or internet mentions the “need=requirement” to have stop losses. And even though that is very true in general, there are situations when you need to change them or remove them altogher at least temporarily. Using stop losses is obviously necessary but stop losses can also run down your account while your position was “right”. Silvani clarifies neatly when to ignore stop loss, These pieces of tidbits will ,i believe, improve your trading skills. Kathy Lien’s book is a real good companion to this book. In general this book uses very short chapters which makes it for a fast and easy read, but if you want to understand the content in more detail you just need to revisit each chapter and take your time. I enjoyed reading this book exactly because of this ease of content.