 Possibly the best forex trading book I've read! |
| Review Date: February 5, 2008 |
| Reviewer: Jessa, |
I have read over 10 books on forex trading and this is quite possibly the best one I've purchased. I wish I would have found it before the other ones as then I would have saved a lot of money. 7 Winning Strategies is a very practical guide to improving your chances at success in the forex market. I think one of the primary reasons trading strategies don't work out is because the trader applied the wrong strategy during certain market conditions. Grace Cheng's book covers different strategies to use for different market dynamics. It details how a trader can apply these strategies and it tells you what sort of market conditions the different strategies work best in - and best of all, it does it clearly and concisely. You still need to think for yourself, but this makes it a whole lot easier to plan your trade and trade your plan! The groundwork that's been done is right on.
Actually, I was aware of Grace Cheng before purchasing this book and just like another reviewer, I didn't have a very positive impression of her because her Web site looks kind of funky. Don't let that deter you from reading this outstanding book. This book literally taught me not to judge a book by its cover. If you read it and really apply your learnings to developing a strategy that is suited to your trading style, you'd understand just how valuable the strategies detailed in this book are. |
This Book Will Be A Classic On Forex Trading
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| Review Date: May 1, 2008 |
| Reviewer: Peter Hartwell, New York, USA |
It is refreshing to see a book like this on the topic of forex trading, a book which is written concisely and straight to the point without wasting space. In this book "7 Winning Strategies For Trading Forex", the author Grace Cheng has done a great job of explaining the specific peculiarity of forex trading for the average individual, and how specific techniques can be applied to certain currency pairs. I am pleased that this book delivers what it was set out to do. She even emphasized that certain strategies are to be used under different market conditions. Realistic traders will find her information very useful and generous. As for those looking for the holy grail book, nothing is ever good for them. If you want a serious book on forex trading to be worth your money, this book will be it.
I've read many books on currency trading and I find this book easy-to-understand and appreciate the author's written snippets of her own observations and experience. Trading knowledge wise, on a scale of 1-10, it has taken me from a level of 2 to 7. The rest will have to come from trading in the trenches myself I suppose. Her knowledge of trading and inner workings of currency trading belies her youth, but if that's the result of her trading since after her university graduation many years ago, that's commendable and deserves my respect.
I first heard of Grace Cheng when I saw her on Chicago ABC News early this year and then went to her website. Since then I go to her site almost daily; her way of penning her opinions and observations is unlike those you see on most other broker sites.
I highly recommend this book to anyone who wish to know more about forex trading and those who are wise enough to see beyond her age and gender. This book will be by my side as I trade. |
Basics
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| Review Date: April 27, 2009 |
| Reviewer: D. Manglona, Tinian, MP United States |
| I give this book a 5 for easy to read, and covers basic stuff such as trendlines and breakout, if you traded stocks then you know much about this. However, it offfers some insights into what moves the currency market. |
The BEST Book On Forex Trading
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| Review Date: October 6, 2008 |
| Reviewer: A. Neville, |
| This is a great book on forex trading, and has helped me progress into profitable trading after many months of trading. Grace Cheng does a good job explaining how the forex markets work before delving into trading strategies that made a lot of sense, something that is easily overlooked by even people who have already begun trading. For those who are trading and haven't read this book, get this book, pronto. Hands down, this is the best forex book I've ever read and I have read almost all of them. Excellent must-read! |
Top Forex book with a great overview
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| Review Date: October 18, 2007 |
| Reviewer: R. Irons, Colorado |
| Well written and really looks at the basics and overall picture, helps deal with money management, as this is something lacking in many books. This book might be advanced if you are trying to learn about this from scratch and have had no experience at all. If that is the case get Getting Started in Currency Trading: Winning in Today's Hottest Marketplace (Getting Started In.....) And read it first. If you have played with trading some just jump right into this book! It will be a good read. My trouble with both of these books is I give them away too often and have to buy them again! |
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