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Forex Made Easy : 6 Ways to Trade the Dollar

Forex Made Easy : 6 Ways to Trade the Dollar

List Price: $29.95
Your Price: $19.77
Product Info Reviews

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Rating: 2 stars
Summary: Marginal amount of information
Review: This book gives the layperson the most superficial of insights into the forex and a quick lesson in some extremely basic technical analysis of charts. But the book really does read as an advertisement for the author's website/company services. A person looking to really learn would be better off reading Raghee Horner's new book or "Forex for the small speculator".

Rating: 1 stars
Summary: A Gimmick
Review: This book is completely devoid of any substance. I expected to learn about the FX market, through laymens terms and easy-to-follow examples.

It turns out that this book is simply an advertisement for the author's software product; it even turns into a manual in Chapter 13!

I have never written a review before, but I was too annoyed to be reticent. Hopefully this will prevent others from wasting their time and money. If you must see it for yourself, please make sure you don't lose the receipt.

Rating: 1 stars
Summary: An advertisement sold as a book
Review: This book offers no knowledge about FX, although its title would lead you to believe otherwise. This book is a 256-page advertisement, although its title would lead to believe otherwise. (I could keep going)

The 5-star reviews were obviously from friends/relatives/book sale stakeholders. FYI - after being suckered into buying this, I noticed that the only book-flap hyperboles are quotes from the author himself! (Books always have at least one critic write how "great" the book is on the flaps)

Rating: 1 stars
Summary: Sales advertisement not a book
Review: This book systematically peps you up and leads you to buy his software and alert system. There are better books, avoid this one. There should be a category in PUBLISHING called "INFOMERCIAL".

Rating: 1 stars
Summary: Skip This One !
Review: This guy just wants to sell you his vastly overpriced software. Save your bucks and buy Raghee Horner's book instead.

Rating: 1 stars
Summary: Would be a good deal if it came with lunch...
Review: When a book is described as being a guide to make something easy or understandable and then turns out to be a sales pitch it uncovers a basic truth, you can't trust the author.

There is a web site (OANDA) that will allow you to open a practice FX trading account for free that will stay open indefinitely, the site has plenty of information on how FX trading works, how margins work and how the various indicators for technical trading work (on the trading platform you can use many different types of analysis for free). There is also a board to post questions, etc., with other traders or those interested in trading, in other words, you can learn most of the information presented here for free from more unbiased sources.

I bring all this up because there is no reason to buy this book unless you want a sales pitch, which in general, I have no problem with IF it's being given by someone that lets me know upfront that that is what I'm getting AND they are buying me lunch. When I have to PAY to get sold, I'm twice the loser.

Not all information is this book is bad, however, if you want a book that explains technical analysis, go buy one, why buy a book on making FX "easy" filled with chapters with basic explanations of candle stick charts (and tons of filler charts) and the like? No reason I can think of, my only guess is that the author figured that anyone that read this that wasn't informed or well read on the topic would be impressed, go to his web site and buy his product. In other words, what is disguised as a "how-to" guide is really a "how-to-make-the-author-money" guide. You'd think if the guy's ability in the market was so good he wouldn't need to resort to this low level (bottom feeding) type selling.

One of the reasons presented to buy this book (on the inside flap and in the beginning chapters) is to learn how to diversify your portfolio, which of course is generally seen as a good thing, so an appeal to the average investor is made. The problem with this is simply that the average investor probably isn't paying nearly enough attention to their current assets and then they are asked to buy into this FX system, which, at a minimum would require many hours of work and research. The dilemma is obvious, unless one is planning on becoming a day trader, you can't work a normal job and spent hours in study in all the various markets, there isn't enough time. Ironically, after telling investors to be diversified, the author explains that to really be able to trade FX you should really only work in a couple pairs or so, because, after all, there is simply too much information to follow multiple markets.

So there it is in a nutshell, the author wants you to be diversified BUT he tries to sell you his system to become an expert in a very narrow and specialized field. Good luck.



Rating: 4 stars
Summary: This is to give some perspective on James Dick's book
Review: You may have noticed that the reviews on this book vary a lot. This depends on where you come from in your approach to learning about the Foreign Exchange (Forex) market. James Dicks is the president of 4X Made Easy, a company which markets a proprietary piece of software which allows/helps individuals to trade the Forex market. This is not an exhaustive (and expensive) textbook like Cornelius Luca's book, but rather an introduction for the layman who is finding out about the Forex and trying to decide if he/she wants to trade there, and who wants a good general understanding of what's involved in trading and how it works. (By the way, the product may also be useful for more experienced professionals - there are comments from some of them on the Yahoo conference the company sponsors.)

I have been learning about James and his company and software for several months and bought the book to learn more as I prepare to get the software and enter this market. 4X Made Easy (or 4XME) is one of several software products for traders sold under the umbrella of GlobalTec Solutions. (see www.globaltecsolutions.com & www.4XMadeEasy.com) 4XME is the newest product, and has been out for a year or so. Fortunately, the parent company has been in business for 6-8 years, and has developed a good track record. Many testimonials attest to great customer service for all their products, and at their events you can meet people who have been successfully and enthusiastically using their WizeTrade stock software for years. This really boosts the credibility factor of the 4XME product for me.

The Forex market is big and dynamic and looks like a great divesification opportunity. This book is just a part of the picture. It is primarily useful as a good introduction to the subject and for its clear presentation of varying trading styles. The company offers a great deal of additional training and support, from newsletters to discussion groups to live daily webcasts to those who take the step to actually buying and using their product. By the way, I am not in any way affiliated with this company!!


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