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17 Proven Currency Trading Strategies: How to Profit in the Forex Market + Website (Wiley Trading) Hardcover – 8 Feb 2013

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Product details

  • Hardcover: 272 pages
  • Publisher: John Wiley & Sons; Har/Psc edition (8 Feb. 2013)
  • Language: English
  • ISBN-10: 1118385519
  • ISBN-13: 978-1118385517
  • Product Dimensions: 16 x 2.5 x 23.6 cm
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 938,724 in Books (See Top 100 in Books)
  • See Complete Table of Contents

Product Description

About the Author

Mario Singh is founder and CEO of FX1 Academy, the firstand largest Forex education company in Singapore and Malaysia. Hehas personally touched the lives of over 20,000 people, helpingthem move closer to their financial goals through Forex trading.Mario Singh is also the director of training and education ofFXPRIMUS, Asia's fastest growing Forex broker. He is featuredregularly in "Smart Investor" and "Your Trading Edge, "and has appeared on CNBC, Channel NewsAsia, "Personal Money," NewsRadio, "City News, The Straits Times, " FXstreet," " and"Your Choice." He also writes a weekly Forex column for aSingaporean national newspaper, "My Paper."

Inside This Book (Learn More)
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Most Helpful Customer Reviews

1 of 3 people found the following review helpful By Amazon Customer on 27 Nov. 2013
Format: Hardcover
I was a little disappointed by this book. There is a section about aligning your personality style to the type of trading e.g scalping, day, swing etc which I think is a great idea. I fell into being suited for swing trading, so I looked at the strategies. Not great, one of them describes a strategy but you need the MT4 platform. So this is a bit annoying. Another describes a strategy using Bollinger bands, but these strategies are not complete. They highlight on a chart how these might work, but when you look at the same chart there are other instances when they don't work. I feel the author does training but is not a practising trader. Sorry, I don't want to appear negative, but I have found better especially on the low cost kindle downloads about trading.
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: 9 reviews
5 of 6 people found the following review helpful
17 PROVEN strategies, really? 14 Jun. 2013
By ForexGuy - Published on Amazon.com
Format: Hardcover
The title says 17 PROVEN strategies but you won't find a shred of evidence to suggest that any of these strategies are profitable. Basically the author is saying : "Trust me". Sorry, I am not going to risk my hard earned money if I don't see the backtest results of these systems (average profit per trade, maximum drawdown and so forth...).

The funny thing is that the author spends a great deal of time explaining the setup of each strategy and its outcome, but if you look closely at each chart, you will notice that the author does not mention the 2 ou 3 LOSING signals that could have triggered a buy or sell signal just a few bars ago. So on the same chart, the LOSING signals are conveniently ignored and only the winning signal is shown and explained.
2 of 2 people found the following review helpful
Not the best.. Not the worst 7 July 2013
By C. Drouganis - Published on Amazon.com
Format: Hardcover
This is a solid 3 star book, for beginners and relatively new folks to Forex.

The first part of the book concentrates on a lot of the well known basics of Forex, if your brand new this might be a good read for you. He covers the How and the Why of the market and other basics.

The second part of the book is actually relevant to the title. There are 17 rather quick systems to trading, but there is not a lot of depth and analysis as to why the system really will work. There is a light bit of explanation as to why the systems will work ie the information about the indicator being used. But aside from that there doesn't seem to be evidence that these systems in fact work. The second system, if you worked it mechanically would be a horrible loser for instance, there seems to be a method to the madness but the author doesn't clarify why it would work. The second system, to be clear is a scalping Bollinger band bounce type strategy, but in the charts used to illustrate it there are a few trades that if executed would have crashed and burned.

The day trading systems generally were just support and resistance, either trade the break or fade the break. Nothing really innovative here. The swing strategies were more interesting but not much different.

Some of the position strategies were actually rather interesting, I'm not as interested in those generally, but I really liked the idea of linking the daily forex market to certain commodities, maybe not the newest info, but I felt I learned something here. (Although I did not check it out for myself yet, so fair warning to myself)

That said, if you decide to take a strategy given in this book do your own diligence and figure out the nuances as to why it works on the demo account live before putting your money on the line. As this is true for any system it should just be amplified for these systems.

I thought some of the charts were difficult to read, some of the type was just a little to small but none the less I was able to get the gist of it.
2 of 2 people found the following review helpful
waste of money 21 Jun. 2013
By Parcours Investments SL - Published on Amazon.com
Format: Kindle Edition Verified Purchase
one of the worst book i have ever read. No added value. It seems more a copy and paste from other books.
3 of 4 people found the following review helpful
Great Book for Forex Traders 21 May 2013
By Cassandra L. - Published on Amazon.com
Format: Hardcover Verified Purchase
I just finished reading this book and it was very informative and extremely motivating. Singh explained the ins and outs of forex very well with no confusion at all. I have been trading the forex market for about 10 months on a practice account. This book increased my knowledge and strategies. So far so good :-)
17 strategies fail 13 Mar. 2014
By DQD-Forex System - Published on Amazon.com
Format: Kindle Edition
This will be the most miserable way in which you will waste your money!! There is no practical way to master this
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