Book Review > FOREX Made Simple.
Kel Butcher’s credentials are impressive. As well as being the author of at least 4 books he also writes for Your Trading Edge , is a consultant to a managed fund, a boutique trading company and a share-trading software developer. He also acts as a mentor and coach to fellow traders. He has had over 20 years experience in all aspects of trading, CFDs, warrants, options, futures and shares.
I was excited to have the opportunity to read and review this book of 200 pages. I knew nothing about Forex trading except that it involved currencies and, as the full title was: -
A Beginner’s Guide to Foreign Exchange Success.
FOREX Made Simple.
Simple, easy to understand.
Strategies Anyone Can Use For Success.
I thought “here was my chance to learn a new style of trading that is explained in a language even I can understand!” Wrong, wrong!! I certainly picked up some good pointers but these were mainly bits and pieces about money management and macro economics.
I have to say that at the end of the book I was hardly any better off understanding Forex than I was at the beginning. That is not to say that this book is not a good read. It is, but I don’t feel it is for the beginner like me. I think I am of average intelligence but I became lost very early in the book but kept on plowing through hoping to have the light bulb flick on but it didn’t. I would think it would be extremely difficult for someone with vast experience such as Kel Butcher to descend to the level of a beginner and be able to write for them.
It is very interesting to read what the correlation is between the gold standard and foreign exchange rates and to read some of the history to ‘give you a solid foundation on which to build a trading business’ but the history goes for 17 pages before we get onto a description of all the major currencies, the foreign exchange markers and the retail dealers which goes for another 78 pages before we finally arrive at page 95 and the chapter ‘The Mechanics of Trading Forex.’ At last!
Kel Butcher explains in the last half of the book the two types of instruments available, spot forex market and currency futures and compares them. He also explains that traders must be aware of economic indicators that impact on exchange rates and how we must understand the strengths and weaknesses of the major global economies. All good points.
There is a chapter to walk you through placing a Forex trade and money management which is pertinent to all trading – capital preservation and growth, setting of stops and position sizing.
To summarise, this book is full of information, especially if you are interested in currencies in general or an experienced Forex trader wanting to further your general Forex knowledge.
If you want to learn how to trade Forex, I am sure there are books out there that will make it easier to get a grip on Forex and how to trade it.
I feel this book is more for the ‘purist’ or stockbroker or institution who trade Forex and has to know all the ‘nitty gritty’ of this instrument. Having to read 95 pages, half the book, before you are shown how to place a trade is too much padding.
I know four successful Forex traders and I’m sure they don’t know anything about the history of currency etc. They know their charts and are current with global affairs and feel they can trade with confidence.
What I do like in the book is the Chapter Summary at the completion of each of the nine chapters. Maybe the book should just have summaries throughout. At least I would then be able to process it!
So, it looks like I won’t be trying Forex for awhile. Better stick to what I really understand – equities although there might be a good SIMPLE book out there on the SPI!
Jo Martin is a member of the AIA.
AIA is a non-profit organisation devoted to educating investors.
PO Box 1208 OXENFORD QLD 4210 | Phone 1300 555 061 | Fax 07 5573 7319.
Forex Made Easy: 6 Ways to Trade the Dollar.
by James Dicks.
An easy-to-follow, six-step process for FOREX trading.
Methods for gaining an advantage using technical analysis.
Dozens of examples to illustrate key points Less.
Get a copy.
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Walid Elhelw rated it did not like it.
Gregory rated it really liked it.
It's a primer on trading in the Foreign Exchange(For-Ex) market.
It probably won't teach you enought to make very much money but it will certainly give you the foundation you need to understand anything else you choose to read on. Read full review.
forex made simple.
Forex Made Simple.
Author by : Kel Butcher.
Publisher by : John Wiley & Sons.
Format Available : PDF, ePub, Mobi.
Total Download : 940.
File Size : 42,6 Mb.
Description : Forex Made Simple is the essential guide for anyone who wants to make money trading foreign exchange, without all the fuss You don't need to be a financial wizard or spend all day glued to a computer screen to trade forex profitably. Including the information you need to know (and nothing more), this book provides straightforward strategies anyone can use--no expensive broker required! Inside you'll find information on: currencies and economies types of forex markets retail forex dealers and market makers placing trades economic indicators and events that affect exchange rates money and risk management If you're ready to take the plunge into the forex market and maximize your success without all the stress, this is the book for you.
Forex Trading Made Simple Secret Weird Tips And Shocking Sneaky Tricks To Exploding Your Forex Account With Cash.
Author by : Trader X.
Publisher by : Createspace Independent Publishing Platform.
Format Available : PDF, ePub, Mobi.
Total Download : 379.
File Size : 53,6 Mb.
Description : You will not find this education at you brokers how to section. Most likely you will not find this information anywhere on this book section on any other book store. I have paid thousands of dollars on exclusive groups and paid forums to collect the information presented in this book. As you can imagine these are the highly guarded secrets of the elite of the FOREX traders, no one gives their living away, unless you pay them a price worth their living. However I have decided to make this information for ridiculously low price, because I am fed up with the brokers and the big banks taking advantage of the regular retail trader. Let me ask you a question? When was the last time you make money with FOREX? Even further more how much money you are willing to lose, until you give up? How long you will continue to give your hard earned money to the broker? Just like you I started 5 years ago with high hopes of quitting my job and leaving the live I deserve with FOREX. My hopes and aspirations were quickly crashed and my dreams went to the dump. First I lost 1000, then 5000, 10k , how much longer I could continue like that, how much longer I could endure the ridicule the jokes of my family and the frown on the face of my wife. It was painful, sitting all day in front of the computer, until you can't see any longer and everything including the platform and your mind become blurry. I know the pain I have been there. This continued for year, until one morning I was ready to quit, I was going to give it a last try and throw that FOREX staff in the garbage, out the window. I stumbled on a rear tread, which since then has been banned, by the broker that was holding the forum. Luckily the tread continued under the broker's radar for while, and gathered a bunch of comments an support. Finally the tread from the trader X was discontinued. I was in dis pare, that was the only hope and light, I have seen for a long time. I was applying the advice from the trade and things were starting to work for me. Fortunately I was able to PM the trader and begged him to agree on a 20 min conversation on the phone. Trader X was not a guru, not your regular internet promoter mojo. He was quietly raking in thousands of dollars a month for years, he was not excited about the next trade, his heart beat was not raising before he pooled the trigger. See, he has been doing this trading staff for so long it has become a boring procedure, rather a morning an afternoon chore, something like putting the garbage out on garbage day. He explained that he learned from the MASTER, I did not proceed to ask him who was the MASTER, since I mainly was concerned with him teaching him every little bit of what he knew about trading. He didn't not agree to spend time teaching me on our first conversation, regardless of how much I offered to pay him. See, for him money was not a issue. Finally on my third approach he agreed to show me what the MASTER had thought him many years ago. What is comprised in the pages of this book will be worth pure gold to you. This book is down to the ground no no sense, real trading knowledge. It gives step by step instructions with real trade examples. This book is not your regular hog wash advice that you will find from your broker and the other magic bullets and seven step series that you see on this site. This book teaches you how to trade like the pros. Shows you how the big banks and foreign nationals and institution trade. The book opens your eyes to how to piggy back on the big institutional traders and win. Ninety Five percent of the people that trade the Forex market lose money and give up. The market is continually replaced by fresh blood like yourself. Don't become part of the statistics, read this book and get a map to success in FOREX. You can make a success in FOREX if you know what you are doing. Yes you can make a living with FOREX and quit your job. You can achieve your dreams. Buy this book and find out How?
Futures Made Simple.
Author by : Kel Butcher.
Publisher by : John Wiley & Sons.
Format Available : PDF, ePub, Mobi.
Total Download : 402.
File Size : 48,6 Mb.
Description : The essential guide to trading futures, without all the fuss This uncomplicated guide for beginners proves that you don't have to be a financial wizard to successfully trade futures . . . and you don't have to hire a financial advisor to tell you what to do either. Instead, Futures Made Simple outlines the basic strategies that even novice investors can use to make money with futures. The book lays just what you need to know—what futures are, how the exchanges work, how to analyse the markets, and how to trade futures either on - or offline. An excellent entry-level guide to futures trading Written by a successful trader with almost two decades of experience in equities, futures, options, and other vehicles Features easy-to-understand examples and bulleted summaries of key points to make learning simple For investors at any level of experience who want to move into futures trading, Futures Made Simple offers expert advice and fundamental guidance for profitable investing.
Cfds Made Simple.
Author by : Jeff Cartridge.
Publisher by : John Wiley & Sons.
Format Available : PDF, ePub, Mobi.
Total Download : 569.
File Size : 55,6 Mb.
Description : CFDs Made Simple is the essential guide for anyone who wants to make money trading CFDs Contracts for difference (CFDs) offer an opportunity to make your money work hard for you with the potential for large returns on little outlay. This book includes the information you need to know to get started trading CFDs, and it provides tried-and-true strategies anyone can use. Inside you'll find information on: types of orders and how to place them using leverage to your advantage managing risk CFD providers (direct market access versus market makers) avoiding the common mistakes many CFD traders make strategies for success If you're ready to make the move from trading shares to trading CFDs and maximise your success without all the stress, this is the book for you.
Forex Made Easy.
Author by : Stephen Benjamin.
Publisher by : Lulu.
Format Available : PDF, ePub, Mobi.
Total Download : 592.
File Size : 53,6 Mb.
Forex Trading Made Easy For Beginners Software Strategies And Signals.
Author by : Marlon Green.
Publisher by : Speedy Publishing LLC.
Format Available : PDF, ePub, Mobi.
Total Download : 882.
File Size : 46,7 Mb.
Description : There is quite a buzz in the marketplace about Forex trading. More and more persons are trying their hands at this form of trading in a bid to make additional income to support their families. Some are even looking at Forex as a job that they can do from home so they can spend more time with their families. "Forex Trading Made Easy For Beginners: Software, Strategies and Signals" helps the reader to learn all about this form of trading. The world of trading can be unforgiving and it is essential that persons learn how to trade properly before they put all their money in. The book is a great introductory text for the Forex novice. It teaches all of the basics and so much more!
The Trading Bible.
Author by : Kiril Valtchev.
Format Available : PDF, ePub, Mobi.
Total Download : 119.
File Size : 41,8 Mb.
Description : The Trading Bible is intended for anyone who has ever had interest in trading, but has no idea where to begin. The Trading Bible goes through everything that is involved in trading to give you a great perspective on the overall market. It is intended for beginners and advanced traders. The Trading Bible dives into the basics of each market and expands into its complexities. This book is jam packed with high quality information on Futures, Stocks, Options, ETF's and Forex. Ready to Get Started? This book is priced low and over-stuffed with high quality information. Pick up a copy today and get started .
Kathleen Brooks On Forex.
Author by : Kathleen Brooks.
Publisher by : Harriman House Limited.
Format Available : PDF, ePub, Mobi.
Total Download : 215.
File Size : 49,9 Mb.
Description : This book will start with the basics of how foreign exchange works, but will include clear ideas told with simplicity to cut through the jargon. Many diagrams and real-life examples are included.
Canada S Public Pension System Made Simple.
Author by : Lee Tang.
Publisher by : LMT Press.
Format Available : PDF, ePub, Mobi.
Total Download : 784.
File Size : 45,9 Mb.
Description : Get the Most out of Your Canadian Government Pension! Are you getting everything you can from the government? The public pension system is complex and often changes, which means many people are not claiming money that they’re entitled to. Do you know all of your options for maximizing your pension? Many people missed out on government pensions because they failed to take action to maximize their benefits. Could you use more money to pay your bills? Read this book to make sure you’re not missing out on benefits that could help you pay your bills. Did you know? • Government pensions are not automatic. You have to apply for it. • You do not have to stop working to receive your government pension. • You may be eligible for government pensions from Canada even if you are living abroad and have never worked in Canada. • You may have to pay back part or all of your Old Age Security pension if your annual income is higher than a certain level. This is also known as the OAS clawback. • Many people missed out on government pensions because they failed to take action to minimize the clawback. You can minimize the clawback, maximize your pension, and save taxes by following a few simple and proven strategies. About this book This book was written to help you get the most out of your government pensions. Inside you’ll find everything you need to know about Canada’s public pension system and the actions and strategies that you can take to reduce the clawback on your OAS pension. Specifically, you will learn: • What benefits are offered, how to qualify, and how to apply for it. • Why it is important to have an RRSP withdrawal strategy. • Why it is important to have a tax efficient investment strategy. • How you can minimize the clawback, maximize your pension, and save taxes by following a few simple and proven strategies. This book is for you if you are: • at or approaching retirement age. • a Canadian living abroad. • a new immigrant to Canada. • a financial planner. • an immigration consultant. • a human resources professional. • a student of public policy. Download Canada’s Public Pension System Made Simple: The Secrets to Maximizing Your Retirement Income from Government Pensions and start getting the money you deserve! It’s right there waiting for you!
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Forex Made Easy : 6 Ways to Trade the Dollar.
The first plain-English introduction to abroad currency commerce trading–definitely considered one of instantly's hottest income options.
The abroad currency market is the largest financial market in the world, and abroad change trading is shortly turning into one amongst proper now's most high-profile, in all probability worthwhile markets. One disadvantage is that books on the matter are difficult, technically dense, and troublesome for Forex novices to grasp.
This Forex guidebook presents retailers with: A easy-to-adjust to, six-step course of for FOREX trading Methods for gaining a bonus using technical analysis Dozens of examples to illustrate key elements.
Product Details.
Hardcover: 256 pages Publisher: McGraw-Hill Education; 1 edition (March 12, 2004) Language: English ISBN-10: 0071438947 ISBN-13: 978-0071438940 Product Dimensions: 6.4 x 0.9 x 9.3 inches Shipping Weight: 1.1 pounds.
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