The Little Book of Currency Trading: How to Make Big Profits in the World of Forex Hardcover – Illustrated, December 28, 2010

Kathy Lien's "The Little Book of Currency Trading: How to Make Big Profits in the World of Forex" is a good primer on the subject. Unlike so many Forex websites and some books that make sales pitches and then overwhelm with information, Lien starts with the basics, building as she goes along, weaving interesting sidebars, bits of information and examples as she traverses her subject.The beauty of this book is that it is 'up to date'. It was published Dec. 28, 2010 and brings the reader through the events up to and including the financial crisis as well as the beginning of the sovereign debt problem in the Eurozone. Many other Forex books were written before the financial crisis, thereby are somewhat obsolete.She states: "The subprime and the sovereign debt crisis showed us how we cannot focus solely on what is happening in our own little part of the world because, as we have seen, the problems in one country like the United states could destroy the economies of other countries."In light of the recent financial crisis, she offers her investing philosophy, that of a well researched opportunist. She states: "Financial crises are becoming increasingly common... In time of crisis, currency trading is a way to turn headlines into opportunities."After the introduction Lien delves into first, the basics, then the complexities of Forex trading.Chapters include:Chapter 1: When Lightening StrikesChapter 2: Rubles and Bahts and Euros - Oh, My! Forex is not as foreign as you think.Chapter 3: The A to Zs of Forex: Basic Knowledge You Need to Have. In this chapter Lien examines 25 Forex definitions and terms needed to start trading.Chapter 4: Step Right Up: Getting Started in Forex.Chapter 5: Shakers and Movers: What causes Currencies to Go Up or Down?Lien discuses everything that effects currencies, including headlines, political and economic news and releases, yet her most poignant piece of information in this chapter is "Listen to central bank officials.. What they say can impact currencies"Chapter 6: The Investor Versus the TraderChapter 7: What All Winners DoChapter 8 So You're an Investor?Chapter 9: So You're a Trader?Chapter 10: Risky BusinessChapter 11: The Top 10 MistakesChapter 12: Greetings from Nigeria, Please Help!Chapter 13; Getting Down to BusinessChapter 14: Crash, Burn, And LearnChapter 15: Start SmartOther highlights of this book include:The biggest scams in the Forex market and the top 10 mistakes that currency traders/investors make. Also, her discussion on using Bollinger Bands (technical analysis) is straight forward, easy to understand and practical.In summary, "The Little Book of Currency Trading" is a great first book to those new to currency trading and a great refresher course for those of us who are seasoned veterans.

Whilst the topics may seem elementary they nevertheless represents vital information required for anyone desirous of succeeding and staying profitable in the ever complex forex market. She has been magnanimous, in her usual manner, to reveal and pour out some of her trading strategies and methodology used in trading as a professional trader. She stressed the need for preparation as a sine qua non for success and developing a good understanding of the market before plunging into the ocean of forex trading. Of course, she highlighted the interconnectivity of financial markets and importance of certain key economic data to being a profitable trader. Kathy, further warned readers to be wary of EAs, algos making it clear that it's never a holy grail of trading. She also touched on doing proper due diligence before choosing a broker.I enjoyed this book as I did in her other book on day and swing trading of currency market. A good and effortless writer she is using simple and clear words to communicate her ideas.Well done Kathy.

Although exciting, Forex trading is still quite plainy a "Job" and although making gains and watching your green numbers multipy while you sit and back and puff on a cigar can be quite fun, doing the research and keeping up with ever changing news and situations and trends especially along with reading economic reports and analyzing the world's economies, can quickly give you a very heavy chest and a slight headache. Nevertheless money never comes easy. I always pick up any book on forex trading with the expectation that it's going to be a job to read it, but with Kathy Lien's book it was almost like reading a magazine. Magazine's are short sweet, and packed with pearls of information. That is exactly what this book was. Kathy Lien also bring's personality to the book, which is very unique as in my experience, trading books usually feel like they are written by socially detached book keepers. I might even go as far as to say that I even have a slight Mind Crush on Kathy Lien. The way she uses stories and life situations and relates them to the market even adds a little wisdom element to the reading. Kathy Lien is definitely a writer I will follow and read future publication's from. I much rather stick with a truly brilliant mind than spread myself to thin among a whole host of different writers that are hot and cold. Although the beginner forex trader would benefit immensely from the book, it also has a couple of pioneering strategies in it as well, one would definitely be the Bollinger Band strategy that everybody is talking about and is one that I had never seen or heard of before.

As someone new to trading, the whole Forex jargon was simply overwhelming for me. After visiting a few websites and blogs that specialize in Forex market coverage, I had to start from the basics. That's when I started looking for books which were well-received by people who are new to Forex domain. After checking out several book reviews and read quite a few samples I decided to purchase this and it was a correct decision. Felt like the first profitable trade I made - since there is so much to learn and take away in this book.I was hooked from page one and completed reading this in around 2 days. Now when I read blogs or visit websites which talk about Forex I have a fairly decent idea about what the discussion is about and it helps me grasp the concepts and get new ideas. As they say - "To learn a new skill, your fundamentals should be solid" and this books will certainly help a lot of beginners to get on a solid footing.