Tuesday, July 24, 2007

Day Trading the Currency Market

In my previous book review I mentioned a book that was ideal for those new to the FX Market. Now, if you are more experienced, or if you have already read Profiting with Forex, then it may be time to move on to something more advanced.

That brings us to this book, Day Trading the Currency Market by Kathy Lien. This book has some similarities with Profting with Forex, but is more in depth, longer, and covers more sophisticated topics.

One of the first topics covered is the history of the Forex market. Kathy Lien goes into detail, and discusses Bretton Woods, the Plaza Accord, and some interesting stories about George Soros.

Much of this book is on fundamental analysis, and this is evidenced by Kathy's long discussion of each Country's central banking system, how different news events, such as inflation readings or GDP growth, move the FX market, and the effects and causes of capital flows. Personally, being a technical analyst, this section was not very interesting to me, but I read it anyway, since I also try to keep an open mind. Understandably, there are many people who do look at the fundamentals, so I can't blame the author for including this section.

Luckily, once you get further into this book, the author does cover technical strategies as well. This section is covered in sufficient detail, and I found some parts interesting, such as the fading the double zeros strategy.

This books wraps up by talking about the unique characteristics of each currency. Kathy Lien does not spare any details, as this section takes up about 60 pages. I found this part interesting, and I learned some new things, however, I thought this section was too long, and got monotonous after a while.

Overall Rating: 7.5/10


Anonymous said...

Having read this I believed it was rather enlightening.
I appreciate you spending some time and energy to put this informative article
together. I once again find myself spending a lot of time both reading
and commenting. But so what, it was still worth it!

Also visit my blog rosa-wiki.org

Anonymous said...

Yes please! Loved it and love the earrings.

Also visit my web-site - ,online jewellery deals

Anonymous said...

Actually Interesting. Many thanks for the Details. I love your site.

my web site http://isoladiquattro.wordpress.com

Anonymous said...

For win 7 download. thanks.

Here is my web blog ... http://staffordray.blogspot.com/2011/09/hearsay.html

Anonymous said...

Just wish to say your article is as astounding.
The clarity in your post is simply great and i could
assume you are an expert on this subject. Fine with your permission let me to grab your feed to keep
updated with forthcoming post. Thanks a million and please carry on the
gratifying work.

Also visit my web site; Replica Watches

Anonymous said...

I was wondering if you ever considered changing the page layout of your site?
Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so
people could connect with it better. Youve got an awful lot of
text for only having 1 or two pictures. Maybe you could space it
out better?

Feel free to visit my homepage :: Replica Rolex

Anonymous said...

I believe everything published made a lot of sense.
However, what about this? suppose you wrote a catchier title?
I mean, I don't want to tell you how to run your blog, but suppose you added a post title to possibly get people's attention?
I mean "Day Trading the Currency Market" is a little vanilla.
You ought to glance at Yahoo's front page and see how they write article titles to get viewers to open the links. You might add a video or a related picture or two to grab people interested about everything've
got to say. In my opinion, it might bring your blog a little livelier.

My web blog: Replica Watches

Anonymous said...

could have heard me nattering about Project 18 before,
both for the blog and also on

Here is my web site - wikizquierda.org

Anonymous said...

Yes! It works then with a Lexmark E210 with
this operation ... Thanks very much! I'm very happy to continuously utilize my printer!

Stop by my site: xerox phaser 8560 ink

Anonymous said...

Excellent blog you have got here.. It's hard to find high-quality writing like yours nowadays. I really appreciate people like you! Take care!!

Feel free to surf to my site ... xerox 8560mfp d

Anonymous said...

I loved as much as you'll receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get bought an shakiness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this increase.

my blog hultquist jewellery website

Anonymous said...

I am mot amazed with your guidance on making tags.

I am making use of the Open Office approach.
Could you recommend, I discover the type is also
near the side of each label, when I do an examination.
Can I relocate the content to the center of the label?

Expect hearing from you and I will certainly be visting you once again.

Also visit my blog :: xerox phaser 8560 color printer (gpjasociados.com)

Anonymous said...

Hey, every one there, I am utilizing HP LaserJet 1500 color printer on Mac how can I take
prints of multiple web pages in Mac. I attempted all the options and I did not
been successful in taking several pages print. There is now issue with Hp
1500 Drivers and Hp 1500 printer software, all are functioning fine.

my web site: xerox phaser 8560dn driver **

Anonymous said...

I have the trouble addressed on printing the tags.
In some way, I received a top margin on page one that was non-standard
(smaller) than the other web pages. This was tossing every label off.
I could not discover a method of erasing the first web page just, so I cut and inserted each address in to a new label file.

The result was excellent and the top margin on all of the web pages were fine.

my blog post :: xerox phaser 8560 ink ()

Anonymous said...

HP laser plane printing software application I require it.

Also visit my website xerox phaser 8560mfp ink

Anonymous said...

Kindly send me the detailed notes about "Make PCB making use of a laser printer-Printed Circuit Panels" our pupils
can easily recognize it and take notes.

Also visit my homepage :: xerox phaser 8560 manual

Apple Support said...

we provide full of apple support on secure remote access or Call our apple support number (+1)877-771-6877 For You.