The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (Little Books. Big Profits)

Good introduction to forex trading and simple strategies to start with.

Kathy Lien's "The Little Book of Currency Trading: How to Make Big Profits in the World of Forex" is a good primer on the subject. Unlike so many Forex websites and some books that make sales pitches and then overwhelm with information, Lien starts with the basics, building as she goes along, weaving interesting sidebars, bits of information and examples as she traverses her subject. The beauty of this book is that it is 'up to date'. It was published Dec. 28, 2010 and brings the reader through the events up to and including the financial crisis as well as the beginning of the sovereign debt problem in the Eurozone. Many other Forex books were written before the financial crisis, thereby are somewhat obsolete. She states: "The subprime and the sovereign debt crisis showed us how we cannot focus solely on what is happening in our own little part of the world because, as we have seen, the problems in one country like the United states could destroy the economies of other countries." In light of the recent financial crisis, she offers her investing philosophy, that of a well researched opportunist. She states: "Financial crises are becoming increasingly common... In time of crisis, currency trading is a way to turn headlines into opportunities." After the introduction Lien delves into first, the basics, then the complexities of Forex trading. Chapters include: Chapter 1: When Lightening Strikes Chapter 2: Rubles and Bahts and Euros - Oh, My! Forex is not as foreign as you think. Chapter 3: The A to Zs of Forex: Basic Knowledge You Need to Have. In this chapter Lien examines 25 Forex definitions and terms needed to start trading. Chapter 4: Step Right Up: Getting Started in Forex. Chapter 5: Shakers and Movers: What causes Currencies to Go Up or Down? Lien discuses everything that effects currencies, including headlines, political and economic news and releases, yet her most poignant piece of information in this chapter is "Listen to central bank officials.. What they say can impact currencies" Chapter 6: The Investor Versus the Trader Chapter 7: What All Winners Do Chapter 8 So You're an Investor? Chapter 9: So You're a Trader? Chapter 10: Risky Business Chapter 11: The Top 10 Mistakes Chapter 12: Greetings from Nigeria, Please Help! Chapter 13; Getting Down to Business Chapter 14: Crash, Burn, And Learn Chapter 15: Start Smart Other highlights of this book include: The biggest scams in the Forex market and the top 10 mistakes that currency traders/investors make. Also, her discussion on using Bollinger Bands (technical analysis) is straight forward, easy to understand and practical. In summary, "The Little Book of Currency Trading" is a great first book to those new to currency trading and a great refresher course for those of us who are seasoned veterans.

Although exciting, Forex trading is still quite plainy a "Job" and although making gains and watching your green numbers multipy while you sit and back and puff on a cigar can be quite fun, doing the research and keeping up with ever changing news and situations and trends especially along with reading economic reports and analyzing the world's economies, can quickly give you a very heavy chest and a slight headache. Nevertheless money never comes easy. I always pick up any book on forex trading with the expectation that it's going to be a job to read it, but with Kathy Lien's book it was almost like reading a magazine. Magazine's are short sweet, and packed with pearls of information. That is exactly what this book was. Kathy Lien also bring's personality to the book, which is very unique as in my experience, trading books usually feel like they are written by socially detached book keepers. I might even go as far as to say that I even have a slight Mind Crush on Kathy Lien. The way she uses stories and life situations and relates them to the market even adds a little wisdom element to the reading. Kathy Lien is definitely a writer I will follow and read future publication's from. I much rather stick with a truly brilliant mind than spread myself to thin among a whole host of different writers that are hot and cold. Although the beginner forex trader would benefit immensely from the book, it also has a couple of pioneering strategies in it as well, one would definitely be the Bollinger Band strategy that everybody is talking about and is one that I had never seen or heard of before.

But when you read about something you love, like currencies, by a woman who knows what she is talking about, it always makes for a great read and a new education from someone with experience. I value ALL my books and I appreciate all the work that goes into writing a book. This book is "little", but it's packed with information and it could have easily been a larger book, so because it is small in size, it's the perfect travel companion! Kathy Lien, is a smart woman and a good author. Buying this book couldn't possibly hurt you, but it could help you!

As the book title 'little' this is indeed a very brief intro in the world of forex - a lot of anecdotal stories and not many strategies to speak of. The book's chapter titles will tell you the cliche'd nature of the writing - chapter 3 A's to Z of forex, chapter 6 - investor vs trader, chapter 11 top 10 mistakes. There are 20 pages of decent writing - and it's about the bollinger bands and a strategy that I have actually never read before. Chapter 8 which covers value investing strategy based on the double bollinger bands and Chapter 9 which covers trading the news. Chapter 8 is a good strategy to have in your arsenal, and this one chapter pretty much will make your 10 bucks a worthy investment. Chapter 9 is fairly similar to all the other trading news strategies out there, with her own opinion of how you should take trades based on how strong the prevailing sentiment is.

Whilst the topics may seem elementary they nevertheless represents vital information required for anyone desirous of succeeding and staying profitable in the ever complex forex market. She has been magnanimous, in her usual manner, to reveal and pour out some of her trading strategies and methodology used in trading as a professional trader. She stressed the need for preparation as a sine qua non for success and developing a good understanding of the market before plunging into the ocean of forex trading. Of course, she highlighted the interconnectivity of financial markets and importance of certain key economic data to being a profitable trader. Kathy, further warned readers to be wary of EAs, algos making it clear that it's never a holy grail of trading. She also touched on doing proper due diligence before choosing a broker. I enjoyed this book as I did in her other book on day and swing trading of currency market. A good and effortless writer she is using simple and clear words to communicate her ideas. Well done Kathy.

Another great book for new traders in forex, repeats the intros into forex that many books do but also starts looking at simple strategies to get you going. I think its well worth while reading and Kathy is obviously a very successful trader and can be called an authority on trading forex. She has a different view on setting profit targets for trades as opposed to say Jim Brown in his book, but its well worth considering her approach if your psychology suits it. I think its worth reading this a few times.

i liked how she looked at trading holistically ie she explains how financial markets work, how everything is related to one another, and then she focus on certain technical aspects. its an easy to read book with a lovely overview - i also like the fact that its written in 2010 so her examples are very relevant to the latest financial situations. i also read her other book on day trading and it also gave a nice overview of the markets inter-connectedness. i would recommend her books - perhaps not if you are looking for a technical approach to the markets

Smooth storytelling with clear anecdotes that enhance the chapter’s theme.

Double Bolingber band system is very good Review bad trades Knowledge, strategy, risk management, and luck, can go a long way

Things I like- Easy to understand Who should read- Every Inquisitive Mind, especially those who want to trade in the FOREX or any other field

Great little book covering the basics of Forex, and decent trading methods explained well - If you already have a little background knowledge, Kathy introduces some great alternatives or expansions on systems you may have already read about. Not over-detailed which keeps you interested.

Es un libro no muy técnico para empezar con el forex. Está bien para comprender como se mueve el mundo de las divisas y da ideas de como operar.