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The 10 Essentials of Forex Trading
by Jared Martinez.

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The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit

Dave Maddock


There are an uber-gazillion books on the technical analysis and trading of financial instruments. Many of them better than this one. I bought this book because I assumed that because it had “FOREX Trading” in the title, it would discuss the nuances of trading in the FOREX market. It does not. A more accurate title would be “Some General Information on Trading using FOREX Data in the Examples”.

If you are so new to trading that you need the general information in this book on candlestick patterns,


There are an uber-gazillion books on the technical analysis and trading of financial instruments. Many of them better than this one. I bought this book because I assumed that because it had “FOREX Trading” in the title, it would discuss the nuances of trading in the FOREX market. It does not. A more accurate title would be “Some General Information on Trading using FOREX Data in the Examples”.

If you are so new to trading that you need the general information in this book on candlestick patterns, trend lines, Fibonacci, and the like then you should not be trading in the FOREX market. This book provides just enough information to really hurt yourself. Furthermore, there are better introductory books for this information. If you are familiar with the above aspects of technical analysis, then this book offers nothing of value.

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What economic information most influences currency movements? How do trade (im)balances affect things? What about stock and bond market changes? Which currencies are more levered to commodities? How do changes in interest rates change currency rates and the so-called “carry trade”? How does the US Dollar’s position as world reserve currency factor in? Technical analysis of stocks considers volume data as well as price action, how can one compensate for the lack of volume data in the FOREX market? None of these issues are adequately addressed in this book and are more critical in effectively trading FOREX instruments than a shallow knowledge of Fibonacci levels.


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Ivan Cavric

Apr 19, 2019

rated it

it was amazing





As an experienced Forex Trader I can assure you that most of the reasons traders lose money is due to the complexity of the forex market and the various number of confusing indicators that most educators encourage you to use. In reality it is your discipline, patience and persistance which will make you profitable. This book encourages you to have a trading plan; using a selected number of indicators looking for a convergence between them. It also focuses very heavily on your mindset which is pa
As an experienced Forex Trader I can assure you that most of the reasons traders lose money is due to the complexity of the forex market and the various number of confusing indicators that most educators encourage you to use. In reality it is your discipline, patience and persistance which will make you profitable. This book encourages you to have a trading plan; using a selected number of indicators looking for a convergence between them. It also focuses very heavily on your mindset which is paramount for success. Irrespective of your level of knowledge and trading experience in Forex…this book is great value for all traders. To your success…
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Lucy

Mar 13, 2016

rated it

did not like it





Where to begin ? … 🙁

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So this is the second book I have read on forex, as a complete noob. The other one was Profiting with forex by jagerson. Anyway, I would say the other book was better. Less fluff, more logical structure, more forex specific info (as compared to technical indicators etc). Not saying this book was useless, there were some things I was not familiar with and some decent albeit general advice.

It gets worse from here. I noticed the author was hawking his website/company/whatever


Where to begin ? … 🙁

So this is the second book I have read on forex, as a complete noob. The other one was Profiting with forex by jagerson. Anyway, I would say the other book was better. Less fluff, more logical structure, more forex specific info (as compared to technical indicators etc). Not saying this book was useless, there were some things I was not familiar with and some decent albeit general advice.

It gets worse from here. I noticed the author was hawking his website/company/whatever called market traders institute, or something along those lines. Anyway, I thought, is this a well-respected successful company, or is it a nobody company? So I google the guy’s name, and the second result is a Bloomberg article about fraud. lolwow.

The article is a great read, but to summarize: Martinez, the author, and his sons, endorsed a Jamaican conman/ponzi scheme (and even used this conman to find students aka suckers who would pay 1000s to hear Martinez speak) calling said conman a genius etc. On top of this they laundered money for him thru their Forex brokerage (the jamaican govt overseer being wise to him, he could not bank there) and later thru their hedge fund when the forex brokerage regulations were too tight. The conman was convicted, too late for his clients whose money was gone in the wind. However, somehow the Martinez clan escaped conviction for money laundering.

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On top of this, let’s add the fact that he’s one of the people who charge 1000s of dollars for crappy software with indicators when you can get the same sort of thing for free. Then there’s the constant talk of how he has a pilot’s licence (congrats i guess). Then there’s the constant high and mighty talk about self improvement and having all these wonderful traits and good habits so u can be an expert trader. Like integrity. Integrity. Like how, if you’re mixed up in a ponzi scheme, I might not take your word for anything coz you got no integrity. The hypocrisy.

hahahahaha.


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The 10 Essentials of Forex Trading Pdf Download

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