Forex Made Easy: 6 Ways to Trade the Dollar
$9.14
| Author(s) | |
|---|---|
| Pages |
236 |
| Format |
|
| Publication Year |
2004 |
Forex Made Easy: 6 Ways to Trade the Dollar is the first book to approach the topic in a detailed yet accessible style, gradually and deliberately moving from simple to complex in easy and natural language.
Introduction:
This Forex guidebook provides traders with:
- 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
In most cases such actions are all mistakes. You have to have a plan and trade the plan. You have to avoid trading emotionally, and you have to use diversification and good money management. You have heard, “Don’t put all your eggs in one basket.” Diversification doesn’t mean that you should have your money spread out over a bunch of stocks. Or maybe several sectors. It means using multiple opportunities that spread your potential risk of loss.
In Forex Made Easy, James Dicks puts together what he feels to be a very investorfriendly understanding of the FOREX and how to trade it. There are plenty of ways to make this more complicated, but there is no reason. This book is not for the investor who wishes to be an economist. This book is for the everyday investor who is looking for an alternative to the stock market for better portfolio diversification.
Contents:
- What Is the FOREX
- Forecasting the Market
- Creating a Workstation for Trading
- Fundamentals of Trading
- Economic Fundamentals
- Advanced Trading Charts and Indicators
- Fibonacci Numerical Sequences and Elliot Waves
- Money Management Principles
- Six Steps to Success
- Corporations in the FOREX
- The Business of Trading
Forex Made Easy: 6 Ways to Trade the Dollar By James Dicks pdf
16 reviews for Forex Made Easy: 6 Ways to Trade the Dollar
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aisleigh Alexander (verified owner) –
This book claims to be a FOREX FOR DUMMIES type book. It is in fact a complicated sales pitch for the author’s FOREX software service which costs thousands of $$. Beware of this author’s infomercial, it is a throwback to the no money down Real Estate and Mail Order scams of the 80’s.
Harley Griffin (verified owner) –
This is not a book. It’s just a promotional piece for Mr. Dicks website and broker services. Every other page mentions his website. The information he gives you could be easily found on the internet it is so general…just filler. Lot’s of full page graphs to fill up this thin book. It probably took him a weekend to write the book. His website looks like a high school kid designed it. I read the whole book in 1hr.
Ayden Avery (verified owner) –
A word of advice: run, don’t walk, run from this crap. It’s a sales brochure for his simplistic trading system.
Briefly, by his own admission, the author is a failed forex trader, then almost bankrupted himself riding CISCO from 90 to 20, joined Marines, and is currently peddling a simplistic trading system to make a living. If these are results you would like to duplicate, go ahead and buy the book.
The only reason I even bothered to write this review is because I am disgusted at the fact McGraw-Hill stooped low enough to publish it. As another reviewer points out, the fact that Dick’s data provider owns McGraw-Hill may have something to do with it.
Lillie Kramer (verified owner) –
I am new to the world of trading and thinking about trying it. This book was well written.At first I had some trouble understanding it but a second reading seemed to make much more sense. I now consider it to be my basic reference. I honestly think the value of the book really excedes to price I paid for it. I can’t speak for those with a lot of experience but for a beginner I think it is a must have. It allows me to understand and suppliment information available from trading sites.Mr Dicks included enough personal information so I felt like he was my friend teaching me the basics.
Ellianna Salas (verified owner) –
I don’t understand the vitriolic comments by some of the people here! I read the book in May with zero knowledge of the Forex. It wasn’t filled with advertising for his products – it was covered in one section along with other peoples platforms.
I bought his software, and no it wasn’t cheap. But… it has paid for itself. I struggled at first and lost money until I quit trying to jump right into the advanced charting stuff. I listen to as much of the free training as I can and they tell you exactly what to do to be successful. I simplified and took their advice – “Trade 2 time frames out of the yellow zone as long as the volatility and buying pressure are at high enough levels.” Bingo! Right now I am up 75 pips on EUR/USD and 35 pips on GBP/JPY. Another trade is at -6 pips right now but is slowly climbing up to profitability.
I’m not an employee and have never personally met anyone at the company. From what I have heard during the training, most people who are having trouble are trying to make it too complicated and want to run all the fancy charts when the software combines many of the charting intricacies and hides them behind a simple to follow colored zone system. Following the colored zones seems too easy and it doesn’t impress their friends enough. How big an ego boost is it to show your friends, “I wait until the price closes 2 time frames out of the yellow zone. Then, I check the buying pressure meter to make sure it is strong enough and the volatility meter to make sure it is high enough.” Your friends won’t think you are a genius if you don’t show them fancy charts!
The book IS simplistic in many ways, but the title DOES say “made EASY!” It was a good introduction and the section on mistakes traders make was very good and has helped me not to stay in bad trades too long but be more willing to cut my losses and run.
It has made a big difference in my life, and if someone uses this software and can’t make it work, then they should stick with a regular job and losing money in the stock market. You are probably trying to make it too complicated or you are forcing trades. It can take awhile for a trade to form with all the indicators lined up properly, and it can be frustrating when you first start to have to wait 3 days before something lines up. But, I’d rather have a profitable trade every few days than have a bunch of losing trades every day.
Matteo Moreno (verified owner) –
This book has lots of good information on getting started in trading currency but it seems to be written for people who already know the lingo and terminology. If you have no idea what forex is then this isn’t the book for you. Some chapters are confusing and it seems to list more than 6 ways to trade. It’s not clear what the “6 Ways to Trade the Dollar” are. That’s why I gave this book 3 stars. It’s good but could’ve been better.
Cecelia Choi (verified owner) –
Just what I was looking for. A entry level book on Forex. This book allowed me to get started and how to pen my first demo account. Well done James. I have moved on and just bought James’ new book Forex Trading Secrets. Now that is a reference guide or at least I will use it for that. I love the trading strategies James talks about in the back of the book. The reviews on this book are off the deep end as far as I am concerned seems like a lot of competitors or something. I love the ones that complain about the book being to basic or easy, come on isn’t that what the title says. If you are looking for a god starting point in the forex, than I would defiantly recommend this book.
Trinity Vincent (verified owner) –
This book suggests that people like me trade FOREX because the banks do it, like Bank of America, Lehman Brothers, and Citigroup.
What’s THAT about?
Meghan Black (verified owner) –
This books is almost useless. It is so basic that if you tried to trade actual money you would be broke in days. AVOID
Kingston Richards (verified owner) –
I think this is a must read for every investor. One should be well diversified when considering investing options in today’s economy.
Zaiden Lozano (verified owner) –
I think three stars are right for it. It help me to make my self an idea .Thank you very muck !
Kylan Meyers (verified owner) –
With all the Forex guru’s out there w/ free information, this book is redundant. Made a mistake to buy this but I will say he has all the information set out quite well. This is for true beginners and for them, this could be a great introduction.
Khari Mata (verified owner) –
good beginner book
Mary Duran (verified owner) –
Really enjoyed learning about this book.
Leyla Garrett (verified owner) –
Dont buy. Very poor book
Ismael Kane (verified owner) –
A terrible read.