Don't be fooled by the book title!

There are less then 80 pages about sentiment indicators in this book. Fundamental Analysis Technical Analysis Elliott and Fibo make the rest. In 80 pages the author talks about 4 sentiment indicators: Magazine Covers Headline News COT Report and the FXCM SSI.



I have paid over 50 USD (with shipping) for information that I can find on the internet for free. More detail ...

Book is very elementary and has too much reference material

While I liked the general information in the book I found it very basic regarding Forex. [...] A fair to good basic discussion of Forex but lacking in usable information to actually trade with. The discussions of technical indicators is very weak. On page 167 it discusses the "Head and Shoulders Pattern." It defines the left shoulder the right shoulder and the Head but does not say what the pattern means or what a trader could use the pattern for. I would not recommend the book to anyone who is seriously trading the Forex market.More detail ...

Excellent Book on Currency Trading

I was reluctant to purchase this book because i feared this one would be as many other books i have bought before: tutorial on basics with examples that are hard to follow. I was wrong but i am giving it a four star because the one area i believe is very important to discuss stop-loss management she was not very helpful - still better than most books i read - for that i think you need to read Agustin Silvani's book.



Aside from that this book is an excellent instruction book on swing and day trading. The book very succintly explains the preparation for the trading day and the two strategies you can follow: fundamental or technical. Although i don't use some of her strategies i do use a couple and am in the process of designing my system for the others. I think the three chapters 89 and 10 are worth the price of book by themselves.More detail ...

Good when taken into context

I have had the pleasure of seeing Kathy Lien speak twice at Forex seminars. She is very intelligent and has a wonderful personality. You will find some interesting and informative content in this book that can be useful in your educational path in Forex. But it is important to keep in mind that the book is written not by a trading entrepreneur but by a representative of one of the largest Forex brokers. To become a successful trader it is essential to recognize the vast difference in agenda between winning traders and brokers. The entire industry is driven by brokers and almost all material available on learning to trade is tied directly or indirectly to the broker industry whose agenda is to teach trading strategies that make the most money for THEM. Because the industry is unregulated brokers are able to get away with many less than ethical practices. For instance it is ironic that another reader mentions how Kathy covers the subject of the "carry trade" in detail. The last time I spoke with FXCM I discovered to my shock that they had adopted the policy of charging a negative interest regardless of which direction one was trading which I believe should be criminal. But there is no regulating agency to prevent them from doing that. Neither the CFTC nor the NFA actually regulate the activity of Forex brokers. Some other brokers refuse to publish their interest rates or display them in their trading platforms so they can change them behind the scenes every day according to what benefits them the most. You may notice that others have a negative interest that is twice as much as their positive interest. All of this is part of the overall objective to keep the majority of traders focused on day trading which makes the most money for brokers. Studying trading material published by brokers is like asking a casino owner how to gamble. Most of the trading "mentors" are also introducing brokers who make money when you trade. A word to the wise is that if you intend to succeed in Forex trading consider looking to sources of information that are not tied to any broker such as other traders who have learned to master this arcane art. More detail ...

Solid Forex strategies for capturing profits in today's volatile markets

How to Make a Living Trading Foreign Exchange puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex including his unique Rejection Rule that doubles the profit of basic channel breakout systems. In addition to two specific methods for exiting positions at critical levels Smith also discusses powerful risk management techniques and successful trading psychology strategies that will keep you one step ahead of the game.

• Reveals the secrets of the Forex market and how to create a lifetime of income trading it
• Offers advice on maximizing profits during the volatile swings that have increasingly become the norm
• Other titles by Smith: Option Strategies Third Edition Seasonal Charts For Futures Traders Commodity Spreads and Profits Through Seasonal Trading

Make more from today's Forex market with How to Make a Living Trading Foreign Exchange.[]More detail ...

No nonsense advice

The author presents four very useful tools for trading stocks commodities or currencies. These are: two time-frame momentum indicators Elliott waves Fibonacci with price and Fibonacci with time. You can use these four tools as a discretionary trading system but the Fibonacci discussion is especially valuable in and of itself. The author has been around 20 years providing trading advice - an indication of some quality.



I appreciate that the author isn't trying to hard sell his software and newsletter. You can apply the ideas in the book without buying anything more from the author! That is an honest touch that is appreciated.



The style of the text can be somewhat annoying at times; it is a bit repetitive and has too many comments about not-so-good advisors out there somewhere. (No need for the author to point this out unless he wants to name the offenders.) It would have been good if the author told the reader how this book compares to his earlier book "Dynamic Trading". My take is that the current book introduces the two time-frame momentum and streamlines the other information on Elliott and Fibonacci but it would have been useful to get this information from the author. Is the previous book superceded in his mind or does it still have value?



All positive reviewers (13 of them at the time of writing) have only reviewed this book and nothing else. Clearly the author has a fan club. Irrespective I can really recommend this book.



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. More detail ...

Finally an original in FX

This book will be helpful to those seeking an introduction to the interrelatedness of the currency commodity equity and fixed income markets. The book is well written and easy to read. However I would not suggest the book to a person with no technical economic or financial background.

I have followed Mr. Laidi's currency outlook for over a decade now both on TV and in print and can honestly say that I have yet to come across another analyst with the foresight of Mr. Laidi (he called the bear market and USD collapse when the rest of Wall St. were still believing in an unending bull market).

Although many of his correlations referenced in this book are obviously backward looking it does teach traders to take a global market perspective before narrowing down to specific currency pairs. I felt his explanation of the FED under both Greenspan and Bernanke really did a good job on a very difficult topic as many traders like myself really don't understand the different weapons the Fed and other central banks posses.

Equally useful and informative was his chapter on the effect of interest rates there isn't enough space for me to go into it instead I will let you gather the pearls of wisdom for yourself.

Mr. Laidi finally concludes that some of the historical tendencies are currently being challenged and that only time will tell if a new relationship has emerged or if history will again be proven right. Pick up this book if you want to read the work of an original thinker at the top of his craft. Whether you trade FX or another market I think you will benefit from Mr. Laidi's insight. More detail ...