- ISBN13: 9780470226230
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
Product Description
As head FX strategist at CMC Markets–one of the world’s leading forex/commodity brokers–Ashraf Laidi understands the forces shaping today’s currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic fi… More >>
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Great Book. The ability to think independently, and to see the outliers, not the current fads, is what makes his analysis so valuable. When is the next volume coming out!?
Rating: 5 / 5
In short, as a pro FX trader, I find this book not helpful at all. Quoting last paragraph on pg190, “The causality between a falling dollar and rising oil has resurfaced just as it did at the turn of the decade. Besides the oil driven element of a weak dollar, this time the greenback is in the midst of a prolonged down cycle, dogged by the simultaneous existence of credible alternatives for currencies and yield. The lessons yet to be recognized and the opportunities have yet to unfold.” Basically you can replace “oil” above with any commodities or currencies you like, and the logic still works. For sure the author failed to forecast the sharp rise of USD after the Lehman/AIG collapse in Aug 2008 when he published this book in Oct 2008. Pathetic! But of course, as FX is a negative sum game, the more the losers longing for explanation and causality, the better for my trading.
Rating: 2 / 5
Ashraf Laidi is amazing at reading the financial markets, with an emphasis on currency markets. This book offers an easy to read and understand guide to PROFITING from trading on the forex. Also, it’s not encyclopedia-size like a lot of market analysis books, so you won’t buy it and be afraid to open it. The correlations between markets that Ashraf identifies in the book are almost unbelievable. You’ll see how he finds perfect trends between currencies and oil, gold, the VIX, interest rates, other currencies, etc., which allows for effective decision making in trading. The charts are amazing and easy to read (there are lots of them so you won’t just be looking at words), and show direct relationships to forex rates. I actually couldn’t believe that he could find almost perfect correlations (you’ll see what I mean when you look at the charts), but the man is brilliant, so I’m no longer surprised. I’m very new to currency trading and already making money, skipped the 6-month practice account some recommend. Get in now while the market is hot. I suggest you buy 2 books and read them both. Thanks for making currency trading interesting, understandable, and profitable for me Ashraf! By the way, I have absolutely no financial interest in books that Ashraf sells. I know about him from business network interviews. – All the best – Rob (New York)
Rating: 5 / 5
By the time you finish reading this book you will get the sight of how the forex, the commodities and the equity markets move as the world is changing. If you still did not get the sight, read it again! I had to review a few chapters for a 2nd time to fully understand what is going on out there!!! I finished reading the book in mid March 2009 and right after that I was able to make the right trading and investing decisions which now I fully understand.
I also recommend that you read the daily comments of the author on the web because it is difficult to keep an eye on what is happening everyday.
Mr. Laidi is indeed a forex GURU.
Thank you Mr. Laidi.
Rating: 5 / 5
If you are looking for the book that would explain you dynamic of the forex market, look no further. This is the one. It is intended to deepen the view and knowledge for the people that already know something about forex and are interested to gain real knowledge about how the market works, and what fuels it. Who is interested in gaining knowledge why some currencies are up or down for the year and what are the key events that pushed them in particular direction, this book explains. My particular favorite part about the book is that it takes paricular currency and takes it through time, so it is not just one time example like; canadian dollar lost 5 % because oil dropped. I read quite few books about forex, and came to the conclusion that people that don’t really know how to trade, and do not live of trading real money, are mostly writting books about “how to make money”. After you read a couple of them you get the sense who these people are. I would recoment to research the authors and in many cases you would find that they are very busy teaching others how to trade, so the question is “when do you trade ?”. That is absolutely not the case wiht this author, A. Laidi. If you start researching forex you are guearanteed to run into him.
Bottom line is; if you want to know how forex market works in real life, you must read this book. A. Laidi is one of the rare people that really understands market,and takes time to explain it. He trully is “The Money Man”
Rating: 5 / 5