Great Trading Forex Book : Currency Trading For Dummies

This little post to advise you a book I’ve used in order to become a better trader (i’m not still finished with that !! and i’ll never)…  This week our recommended trading forex book is Currency Trading for Dummies…

At first, here is the best book you can find no matter  if you’re a forex beginner or a forex veteran. Indeed, that’s one of the first forex book I’ve bought and it’s one of the best book available. It is “Currency Trading for Dummies”. This book is great because it teaches you all the currency trading basics, the “foundations” of the forex market and then it explains very clearly some of the best strategies, the best methods. This book also deals with some points which are very important, such as forex money management and trading psychology.  It’s actually the only book I consult when I need to remember about a technique I forgort.

To recap, this book is one of the best you can find, it has the basics plus some of the best strategies… If you can only buy one book, buy this one ! No matter if you’re starting trading of you’re trading since 1934, that’s our best forex guide !

Let’s Talk About Scams Part 1

Scams are a real pain on the interent, and as you know, the purpose of our blog is to avoid the costumer (in this case you) some bad surprises… Anyway, in this little post we’re gonna talk a bit about the big market that Forex Scam represents… Finally discover how to avoid forex scam !    

I could talk about scams for hours !! Indeed, as a reviewer i have to buy a lot of forex products and trust i would be able to write an entire blog with all the forex scams i’ve found…

The biggest problem with all the forex services available on the internet is that you’ve got plenty, plenty, plenty of products and by the way, a lot, a lot, but a lot of scams

The other problem is that you’ve got so much so called “reviews” written by people who haven’t even buy the product they talk about but promote it only to make money… And trust me those people are ruining serious people business who are trying to work effectively in order to publish great reviews that each and every forex trader can use without loosing their money.

I would say that around 60-70% of forex products that you can find on the internet are scams… And it is the same problem all over the internet. If you take as an example the marketing market, once again almost 80% of the services available are stuff created to make money for their author, and the only thing that will happen to you, is that you’ll lose money…

Many times, here’s what happen concerning any forex product…  A costumer decides to buy a method or an EA, or an indicator, then he tries it on demo account during a very short while and he’s so happy to see that he gets some positive results that he decides to use the product on a real account most of the time using a small starting capital… And from this moment on the same thing happens : the product hasn’t been tested during on a medium-long times period (1 or 2 months) and it shows its true nature on the real account when this one hit the $0 bottom…

So just this message to tell you to really be careful in terms of choosing the forex products you want to buy and then, try them on demo account for at least one month… That’s the key to find out if a product is or isn’t THE good one for you…

Samuel.