Forex Simplified Review
I bought this book on a whim because I was frustrated. Incredibly, I couldn’t find any information on how to figure out the swap rate. I have 3 big forex books on my shelf and they wax eleoquent about technical analysis, the Bretton Woods agreement, how to make a fortune, and etc. - but do not explain something as fundamental as figuring the swap rate - or even why there is such a thing! I tried Googling for it, and got tired of trying to sort through the deluge of irrelevant and mostly commercial results. (more…)
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It has nothing new about Forex trading or even trading in general, it has some technical analysis (you can find it in any TA book). Misleading the newbies by showing some good looking trades using the Moving averages and “his ” Oscillator (I am not sure what is so special about it), giving false impression that this what you will get if you follow him (going to his institution). The 5 star reviews do not give a good reason to buy the book only saying you must buy it (may be they forget to say WHY to buy it). 
in this book you have lots of fillings. like that : because any idea will work great if you have a trending market. so I do not like the charts that shows a good looking results while it does not work in the real live trading. it has three poor systems with no commision or slippage (the profit target for the winners is 40 pips while the neglegted commision is 30), sure it will look good on the backtested results but unfortunatly it is not realistic, it is deciving. 
Ed provides the basics of trading strategies that handle most of the forex market conditions. While many of these strategies have appeared eleswhere the explanations of why they work and why they should be followed is something that comes from years of trading experience. For example: why does forex often fail to breakout of support and resistance areas on the first or second attempt? How do the institutions maneuver the price during slow volume hours and how you can use this to advantage. 
This book is perfect for getting the big picture view of forex trading. It’s perfectly titled “Getting Started in Currency Trading”. The chapters are concisely written with clear examples that are not cluttered up with useless stories. This book made it easy for me to plan the steps necessary to start trading. 
