The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader
$11.40
| Author(s) | |
|---|---|
| Pages |
236 |
| Format |
|
| Published Date |
2007 |
The Forex Trading Course will force readers to think outside the box and to develop an appetite for the pursuit of knowledge about trading.
Introduction:
This book is written for the purpose of providing a getting started guide in forex trading. It, however, is not only for the person new to forex, but for those who have tried to trade forex but received mixed results through trial and error. It is also for those who have experience in trading other markets and seek to apply that experience to forex. They will be able to build upon their experience and gain new insights into how to approach forex. Those who have achieved a level of initial success but seek to optimize their performance will find training strategies and tactics particularly useful.
The underlying premise of this book is that traders are not born—they evolve. Our goal is to sharpen the insights and the skills of the reader by providing both fundamental and technical knowledge that are common to successful traders. An underlying philosophy of this book is that successful forex trading requires a total approach that integrates fundamentals, technical analysis, and psychology. The book is organized as a self-paced sourcebook. Each chapter topic is in essence a module of knowledge, which can be read individually or sequentially.
- Part I focuses on the forces that move prices, also known as fundamentals.
- Part II focus on technical knowledge—how to read and analyze charts.
- Part III provides strategies for testing one’s knowledge and skills in the real world of trading.
Contents:
- The Fundamentals of Forex
- The Role of Inflation
- Exploiting Information About Economic Growth
- The China Factor
- The Commodities Connection
- How Business Confidence and Consumer Sentiment Affect the Market
- Fundamental Personalities of Currencies
- The Personality and Performance of the U.S. Dollar
- Conducting Your Own Fundamental Analysis
- Mapping Price Action
- Finding Significant Support and Resistance
- Volatility in Forex and Its Dimensions
- Chart Formations and Price Patterns You Should Know
- Trading Styles and Setups
- Alternative Setups and Trading Strategies
- The Right Way To Use Simulation Accounts
- Strategies and Challenges for Different Account Sizes
- The Path to Success in Forex Trading
- Test Your Forex IQ
The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader By Abe Cofnas pdf
13 reviews for The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader
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Octavia Hines (verified owner) –
Very good overview of the fundamentals, not encountered in similar books, and good technical analysis section (as useful as indicators ever are!). Good coverage of the various currencies and the major pairs too.
Adalyn Russo (verified owner) –
Having read several books on the subject matter I found this book to be the most instructive on getting started. The author provides an intuitive guide which I know I will refer back to time and time again.
Leonard Perez (verified owner) –
Ok
Valerie Wilkinson (verified owner) –
Don’t waste your time here. Big disappointment.
Cofnas writes a monthly article in Futures Magazine which is what led me to this book to begin with. Since his contributions to the magazine are only one page and seemingly topical I thought I’d get the seven course dinner here.
What I got was a reheated burger and warmed over fries.
This man really needs to take some courses on writing books. Thoughts disjointed. Incomplete thoughts. Rambling thoughts.
There are too many GOOD books on what can be a very deep subject( Chandler and Laidi for 2 of the best )for the same money. This is hardly a “Guide to Becoming a Successful Currency Trader” – maybe only in the sense that it will spur you on to find the really good books to become successful.
Cofnas also puts out a series of videos that I had a chance to review but thankfully didn’t pay for. Same problem there.
I honestly don’t know if Cofnas even knows this stuff. If he does it certainly wasn’t evident anywhere in this book. Most points were generic and lacking any real explanation or depth – kind of a list of what to go educate yourself on from some other source.
In any event, trust me, after reading this book you will be no more prepared to tackle what is unequivocally the hardest market of all to trade. The central banks and big private banks can hold their collective breaths a lot longer and with way deeper pockets than any of us.
If you are a seventh grader writing an introductory paper on the subject this book is for you – otherwise pass and keep looking.
Catalina Gillespie (verified owner) –
Definately for beginners – deals with some fundamentals, but not much more. The final chapter of the book directs the reader to the author’s website and promises that one can download the ” Learn4x Trading Pad ” which ” uniquely offers built-in analytics on trader performance, allowing the trader to track key performance results”. The link however doesn’t work and I was unable to find, much less download the Trading Pad at the author’s site. I did see several inducements to purchase his book. This was a real let down, as I think most beginners would find such a tool extremely useful in honing their skills.
Skyler Summers (verified owner) –
Nothing new or great here. If your just getting started this book will help with the basics. The part about system development is very sparse (essentially just says use ms excel for backtesting).
Nikolai Frazier (verified owner) –
The content is not a lot different to a number of other books on this subject.
Dylan Stone (verified owner) –
I bot this book for my trading education. I hope it will happen . I used also ‘Stock Trading’. Thank you.
Jamie Fitzgerald (verified owner) –
very good very good, book was of good value and the quality is also very good, if i need another i will consider this source again
Uriel Jacobs (verified owner) –
I have purchased and read most of the recent books related to Trading Forex. I would place Abe Cofnas’ newly released “The Forex Trading Course: A Self-Study Guide to Becoming a Successful Currency Trader” at the top of the list of books to purchase. The author covers the basics of trading: Fundamentals and Technical Analysis in a very in-depth level. However, I feel what sets this book apart from others are discussions of Advanced Strategies (e.g., Renko scalp setup and Pattern Recognition).
This book is a Must Read!
Kason Washington (verified owner) –
This book is supposed to be for beginners in forex. But it is very poorly done. It mostly deals with fundamental analysis, but in a very unorganized and unstraight forward fashion. He shows bar charts and candlestick charts without bothering to explain how to read them. He even starts talking about pips without explaining what a pip is. Then he just gives the standard overview of technical analysis. Nothing truly in depth. He mentions using a practice account, but kind of pooh-poohs it. Then he challenges people to open $5,000 and $10,000 accounts and make 10-15 pip trades. This is not good in my opinion.
A person should open a practice account an stick with it until they can make money consistantly. Then they should open a small account ($1,000-$2,000) and trade partial lots till they get the hang of it. And unless they like scalping (10-15 pip trades), they should aim for 100 pip trades. The only way I could ever make only 10 pips is to risk 30.
Read Currency Trading for Dummies. It is a very well thought out, organized, and certainly more informative than the Forex Trading Course. The dummies book also has suggested reading at the end for further study. The Forex Trading course has a few books mentioned throughout, but considering how bad The Forex Trading Course is put together, I wouldn’t trust the books listed outright.
Eleanor Villarreal (verified owner) –
This is a great book. It filled in a lot of the missing info that new forex traders are missing in their everyday trading. This book has a nice mix of technical and the fundimentals that are missing in a lot of other author’s books. This book should be in every new trader’s library.
Marlee Haynes (verified owner) –
Great book