Review of How to Trade a Currency Fund by Jarratt Davis

435eeac2b6737bb1b24d1f71cfd91654For those who have always dreamt of making it big in the forex trade and be professional currency traders, the book ‘How to Trade a Currency Fund’ written by Jarratt Davis is a great resource to expand your knowledge and learn to execute the trades that matter.  If you thought that trading in hedge funds is something that only the high flyers and bank executives, you should read this book to know how one smart young man decided to change his destiny and armed with no industry experience and with zero qualifications leaped into the forex market and came out a winner.  This book sold hundreds of thousands of copies because it promises to detail how Jarratt Davis, the author, made such a tale worth learning from.

The book is titled ‘How to Trade a Currency Fund: The Step by Step Guide That Shows How Anyone Can Trade a Fund’ but I can tell you at this point that if you have no idea what forex trading is or how the money market works, this book is not the best place to start.  This is because Jarratt focuses on showing the intermediate forex trader how to advance and achieve constant and consistent success and building a career in trading in currency funds rather than guide them to get started.

If you have a little experience in trading in the forex market, you will find this book not only insightful and an excellent read but also a gateway into a heaven of immense beneficial information for those who need it.  This book is devoid of any of the fluff and junk that many writers, especially of today who are more focused on getting backlinks rather than providing quality information to those who want it.  The thrilling and at times horrific but genuine revelations the writer makes in this book makes it not only an exciting read but also a captivating story of perseverance, dedication, hard work and constant research.

maxresdefaultYou have probably read quite a number of investment books recommended by other forex traders, but this one is different in one aspect: Jarratt Davis, the author, is a self-made millionaire who entered and taught himself forex trading in 2005 with the intention to support himself as he trotted the globe, but it made him better than what he expected.  He manages to transform himself from a self-employed trader in the retail field and gradually progresses through the ranks to trade in hedge funds rubbing shoulders with the most respected and successful professional forex traders and other investors and traders.

The education you should expect to receive from Jarratt Davis’s ‘How to Trade a Currency Fund’ may form the backbone of the most defining moments of your life as a trader, the mistakes that Jarratt made will help you avoid wasting time making and rectifying the same mistakes.  This, simply put, is the best way to be better than the author, and as you already know, the author is a successful guru in FX.

Review of Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings by Kathy Lien

kathy_lien_1_enEach single weekday, the world’s financial powers play their massive ‘high stakes’ game that involves moving over $2 trillion worth of currency across the whole planet at the speed of light.  When the chips are counted after the close of business, there’s certainly a group that wins and then there is a bigger group that loses.  If you are a forex trader, there are very many things you can do to always be on the winning team, but it is not easy.  Kathy Lien wrote the book ‘Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings’ as a guide to help ordinary traders and those struggling hard to make trades profitable to cross the elusive line and claim a place at the winning table.

The book’s cover introduces the author, Kathy Lien, as the Chief Currency Strategist at Forex Capital Markets where her job involves providing fundamental and technical research reports, trading strategies and commentaries.  She has also worked at JPMorgan Chase, appeared on CNBC, Stocks and Commodities, Active trader, CBS Market Watch, Futures and SFO where her work has been published.

When you pick up this forex trading book, the first thing you will notice is the high quality of writing – the way the words are phrased, how narratives flow and how the tone is just perfect to convince you that the author knew what she was writing about.  Lien begins this book by comparing the forex market with other trading platforms like futures and equities and explains why the forex market holds the most promising chances of success thanks to low transaction costs, continuous trading, customizable leverage and the fact that it is the largest market in the world.

forex-traderWhether you are a beginner or an intermediate trader, the book ‘Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings’ is right for you because it does deep to explain the concept of technical analysis, why technical analysis works best for the FX market and trains you to be a technical trader who can identify new breakouts and trends that offer multiple opportunities to enter and exit the trade.  Lien also covers the currency market from a wide angle but in a relaxed style, dwells a little on the market characteristics such as those that identify the best times to trade, daily ranges to watch, how to manage various variable market conditions and the element of seasonality.

Because Kathy Lien is a very respected member of the global currency trading niche, you cannot go wrong learning and adopting her strategies and using her advice and tips to place yourself on top of the pack.  The book covers a lot more than I have mentioned in this short review, but I can assure you that investing in the book will give you back many times the worth of the book in ideas, tips, guidance and advice and real-life illustrations and examples.  The book can be great for intermediate and experience forex traders but even beginners shouldn’t have a problem understanding it.

Top 5 Best Forex Trading Books

forex

Any seasoned and good forex trader would tell you that the best source of information or guidance in forex trading is forex books.  If you are looking to get into forex trading or are already in it but feel you do much better enlightened, you should find the best and most useful books on the subject.  In my opinion, the best 5 books that should be on your must-read list are:

The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

Wayne McDonell is the Chief Currency Coach at FX Bootcamp.  He compiled this guide to be the most straightforward and beneficial manual for people who want to execute profitable trades by combining the popular technical indicators with a tactical trading plan to formulate a killer market strategy.  This book goes in detail to explain the processes to follow and the challenges you should expect to face and how to deal with them.  Trust me; this is a book you need to read to become a smart millionaire.

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy

The title summarizes it best – this is a comprehensive guide that has turned thousands of gambling traders into experts in analyzing financial markets using the latest computing technologies and apply their knowledge in stock and futures markets.  This book trains you to use indicators, computer technology, technical tools and new materials like candlestick charts and stock rotation to be the best in forex trading.

Millionaire Traders by Kathy Lien & Boris Schlossberg

This winning collaboration by renowned forex book writer Lien and Schlossberg has been described as a handy guide to beating Wall Street at its own game – and transforming yourself into a very successful trader.  The insights that the book provides are uniquely new, the book provides invaluable practical advice on focusing on equities, it examines the paths that 12 ordinary individuals who turned to millionaires took and best of all, it has great information on the future of forex and foreign exchange in face of emerging e-currencies.

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas

Seasoned forex traders refer to this book as the bible of trading because it is applicable not only to forex trading but in other markets as well.  If you haven’t decided where or how to specialize yet, this is the perfect book to start with because it will train you from the onset to trade in confidence, have a winning attitude and discover and get rid of the underlying factors holding you back.  Douglas also takes on the myths and fallacies of the forex market and exposes each of the misconceptions that often pass as facts.

Getting Started in Forex Trading Strategies by Michael D. Archer

The most recommended books for first time entrants into the forex trading platform ‘Getting started in forex trading strategies’ is Michael’s most popular and most recommended book to newbies.  It is popular because it is laden with practical advice, resources, tips and real life testimonials on forex trading that are crucial to mastering and staying in the trading game.  Michael writes from experience as he has 30+ years’ experience in active commodity and forex trading, you cannot go wrong with his guide.

Jason Stapleton does a lot of informative videos about forex

Top 3 Gold Investing Books for Beginning Investors

gold bars

Whether it’s expansionary monetary policy, financial stimulus, quantitative easing or just good-old-fashioned money printing, it all amounts to the same thing: inflation eating away at your savings. Between the depreciated paper currencies and uncertain financial markets it seems like there is hardly any place for the average investor to go. Many are turning to gold investing as as the traditional method for wealth preservation. These three books contain everything the beginning investor needs to about the yellow metal.

The ABCs of Gold Investing: How to Protect and Build Your Wealth with Gold

By Michael J. Kosares

book about gold investingWhen most investors think of gold they think in terms of wealth preservation however, as the author of this book shows, gold can also be employed to build wealth very effectively. As the founder of one of the oldest and most respected gold firms Michael Kosares is an expert you can trust. He covers all essential topics new investors need to understand:

  • The history of gold and its relationship with government debt
  • Gold’s use as hedge against inflation and deflation
  • Selecting a gold broker storing gold and much more.

This is a must read book for anyone considering physical ownership of gold.

The Goldwatcher: Demystifying Gold Investing

By John Katz and Frank Holmes

book about goldThe use of gold as an inflation hedge has now become common knowledge. Yet, few  understand where the inherit value of gold comes from and what determines its price. In the first part of the book, the authors demystify these topics and more by giving the reader the historic background of the yellow metal and then placing it in the context the current economic landscape. In the second part, readers get full access to the inner workings of a leading gold fund that allows them to understand the mechanics of the gold market. Throw in a foreword by the always entertaining Marc Faber, and the result is an invaluable book for beginning gold investor.

Precious Metals Investing For Dummies

By Paul Mladjenovic

book from for dummies series on precious metalsMany people have the wrong idea that investing in gold and other precious metals is perfectly safe. As always, the good people of the “For Dummies” series, present a top notch book for beginning investors in need of some sobering advice. While gold and precious metals can be very safe and also very lucrative investments, they are not without risk. Just as with other financial instruments, one needs a solid investing strategy in order to maximize ROI while minimizing risk. In this complete guide you will learn everything you need to build such a strategy, including how to:

  • Add precious metals to your existing portfolio
  • Decide between physical gold and gold funds
  • Evaluate the risks and benefits of metals investing
  • Buy physical metals and numismatic coins
  • Use charts and technical analysis to find the best entry points, and more.

In these uncertain times, gold remains one of the few relatively safe options for investors. Not surprisingly, more and more people are looking into gold ETFs, gold funds or even buying gold bullion for the first time. If you are a beginning investor considering the myriad of instruments for investing in gold, you need to read these books.

3 Must Read Trading Books

trading

The content of these three books are not what most readers might expect, yet they are amongst the most helpful any trader can ever read. The focus here is not on market analysis or specific trading techniques, rather the authors help you understand the underlying psychological principles involved in trading, and why having the right mindset and proper trading system makes all the difference.

 

Trade Your Way to Financial Freedom

By Van Tharp

book on day tradingFar too many people approach trading chaotically, jumping in and out of trades based on their emotions, market news or the advice of financial gurus. Not surprisingly, their results are usually poor. In his book, the renowned expert on trader psychology, Dr. Van Tharp explains why this is lack of consistency is the pitfall of most traders and shows the reader how to build their own trading system.

While presenting his 17-step trading model model as base, he also stresses that for any trading system to be effective, it must be based on a rational set of objectives that vary from one individual to another. Written clearly and full of practical examples, this is an invaluable book for anyone who wants to develop their own personalized trading system.

 

Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game


By Kathy Lien, Boris Schlossberg

excellent book on tradingThe authors of these books take a somewhat unorthodox approach. Instead of offering direct instruction, they have chosen to interview twelve millionaire traders and share their stories with the reader. These twelve people all have one thing in common: they have been able to transform themselves through nothing but hard work, from ordinary individuals into extraordinary traders. What is more impressive, none of them are financial industry professionals or had access to large initial capital. Just regular folks from all walks of life, who started with as little as $1000 and built seven figure fortunes. You will be inspired as you learn how these traders beat the game.

 

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

By Mark Douglas

great book on trading mentalityEven the sharpest, most well-grounded and highly motivated traders can at times be paralysed by counter-productive thinking that leads to bad decisions and costly mistakes. Which is why this book is a must for every investor. The author begins by explaining how ingrained mental habits cause traders to lose the objectivity and confidence that are crucial to trading success. He then shows the reader how to overcome these patterns and replace them the core belief system needed to assume a “winner’s mindset”. Finally, he teaches you to think in terms of probabilities which is how professional traders think.

 

 

winning trader with raised arms infront of big screen

Whether you trade in currency, commodities or stocks and options, the information in these books will empower you to take charge of your trading routine and permanently get rid of self-defeating mental attitudes.

Top 3 Forex Books

currencies trading around globe dollar yen euro

As anyone who has traded currencies knows, the Forex market is one of the most dynamic investment arenas. The volume is massive, the pace of the action is around the clock and mistakes are costly. Staying abreast current events is a must but it’s no substitute for deep understanding of market fundamentals. Whether you are a novice trader or a seasoned pro, these three books will help you sharpen your skills and widen your strategy arsenal.

Day Trading the Currency Market

By Kathy Lien.

great book on trading currenciesAn extremely popular book written by one of the most prominent currency analysts of recent times. Kathy Lien’s impressive resumé alone is reason enough to buy this book. As a former Associate at JPMorgan Chase and the current Chief Currency Strategist at Forex Capital Markets – the number one online currency broker in the world, she is often featured on CBS MarketWatch, Active Trader, Bloomberg, Reuters and CNBC. The author lays out an excellent foundation by providing both the historical background, and a current overview of the Forex market. She goes on to expertly guide the reader through topics such as:

  • The factors that impact currency prices in both the long- and short-term
  • Understanding trade parameters depending on market conditions
  • The most important technical trading strategies used by day traders and swing traders
  • Fundamental trading strategies such as trading off commodity prices, fixed income instruments, and options volatility, and many others.

This is well-rounded book that will give you both a in-depth understanding of currency trading as well as a wide range of powerful trading techniques.

 

The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Investments


By Jamaine Burrell.

guide book on trading forexIf you are ready the get started in currency trading, and you are looking for a real practical guide, this book is for you. The author synthesis the world of Forex into an easy to follow guide that will benefit anyone starting out. He starts by explaining the relationships between the four main variables (currencies, exchange rate, interest rate and time) that are so crucial to identifying money-making opportunities. Building on this base, he goes on to teach the reader about price projection, futures predicting, pivot programs and many other techniques used by professional day traders.

Forex Patterns & Probabilities

By Ed Ponsi

currency trading bookMr. Ponsi offers a book for those who feel they have sufficient theoretical foundation and are ready to dive into some serious trading action. No general concepts here, just proven, real-world methods for making money in online currency trading. The author relies heavily on charts and visual tools to clearly demonstrate the trade techniques used by the pros to generate big gains. If you have been looking for a step-by-step manual that will get you trading and making money fast, this is it.

 

blue screen with Forex market diagram

Thanks to technology, Forex trading has become incredibly convenient. Anyone can open an online trading account with as little as a $100. However, this ease of access can be deceptive: making money in currency trading is not easy. It requires a solid understanding of what moves the market as well a good grasp of trading techniques. These three books offer plenty of material on both ends.

Best 5 Forex Trading Books

forex sign big letters

The exploding popularity of online Forex trading has been mirrored by a vast amount of books on the subject being published every year. Picking the best is not an easy task and certainly other books could have made this list. However in the selection below you will find powerful knowledge by some of the top experts in the business that will help you improve as a trader.

Also here are list of free quality forex ebooks to download now.

 

Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets

By Ashraf Laïdi

great book on currency tradingFew people understand the currency market as the author of this book. As the head strategist at one of the world’s leading Forex brokers, Mr. Laïdi offers the reader his analysis of the forces behind currency prices as well as their interplay with interest rates, equities, and commodities. There is no better source to help you understand:

  • The reasons behind currency, gold, oil, and other commodity prices and interest rate movements
  • The relationship between short- and long-term interest rates and how it can be used to anticipate turning points in economic growth
  • The evolving power struggle between the Dollar and the Euro
  • A gold-based approach to valuing the major currencies and determining their secular strengths and weaknesses over the past decades

This book will give you a solid grasp of these principles and many others that will put you in a better position to make winning trades.

 

ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street

By Raghee Horner

excellent Forex trading book Raghee Horner is a self-taught expert who started started trading at the tender age of 17. Since then she has become a legend in the business and developed a her own technical Forex trading method which she shares with you in this book. Strongly focused on technical analysis and charting techniques, the book will show you how to replicate Horner’s strategy that has enabled her to achieve typical per-trade return of 34%! There is simply no one better to teach you technical currency trading.

 

 

 

3 free great forex ebook to download now

  1. Download now your free ebook about binary options
  2. Download NOW your free guide on the trendy copy trading techniques
  3. Free to download – The guide to teach you how to trade like a pro

 

Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market

By Agustin Silvani

book on beating  forexThis is a hard-hitting book that dispels the myth of making easy money in the Forex market. The author doesn’t mince his words as he quickly points out all the reasons why you shouldn’t be trading in currencies. The market’s 90% loss rate being number one on the list. He goes on to unveil the myriad of “dirty” practices used by online brokers to rob clients of profits including stop-hunting, price shading, and trading against clients. It becomes clear that the average investor is playing a card game with the deck stacked firmly against him. In this book Mr. Silvani will teach you how to sidestep the dealer traps and implement winning strategies.

 

Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups

By John F. Carter

book on trading like a proAt 432 pages this book is a lofty read but it is also one that is well worth the time. In it, veteran trader John Carter shares his unique five-point technique developed over twenty years of experimentation as a day trader. The author sets aside general, introductory material and focuses instead on teaching the reader his battle tested methods for:

  • Determining the exact entry, exit, and stop loss levels for trades
  • Preparing market checklist to analyze recent market behaviour and calculate what to do, how to do it, and why
  • Using non-negotiable risk control techniques that protect trading capital and much more.

This is a result-oriented book that will provide you with the specific trading strategies, including the necessary chart setups, to execute winning trades consistently.

 

Thirty Days of FOREX Trading: Trades, Tactics, and Techniques

By Raghee Horner

book on forex tradingAnother excellent book by Raghee Horner. This time she takes the reader along for a 30 day journey as she gives us an unprecedented access into her actual trading routine. Structured like a journal, each chapter takes readers through each step of Mrs. Horner’s workday. Certainly an entertaining and effective way to learn as one “looks over the shoulder” of a master at her craft. There is also an enclosed CD-ROM featuring detailed explanation of the trades in the book by the author.

dollar vs euro on a scale

Trading currencies is not for the faint of heart. In a market where over 90% of participants lose money, it takes a preparation, hard work and mental discipline to become one of the successful few. The techniques and tools provided in these books will help you beat the market.