FOREX TRADING: The Basics Explained in Simple Terms (Forex, Forex Trading System, Forex Trading Strategy, Oil, Precious metals, Commodities, Stocks, Currency Trading, Bitcoin) Paperback – September 15, 2015

A great introduction to forex trading. The essentials are covered without a lot of unnecessary filler, it's "meat and potatoes" if you would. The information is presented in a manner that is easy to digest and understand.

Good

I never really truly finished a book about Forex ( or many books to be honest) . So this is an accomplishment for me lol. Seriously, I really found this book helpful, it really gave me confidence to continue on this path in being a Forex trader. I now have a broader understanding of things. For those that left a bad review saying that you can get this information anywhere for free.. they are correct. I have found other places to gather this information. What made this a good resource is that it is not a lot of extras. So I am pleased with this book, and I highly recommend it

As someone who has spent years developing stock trading systems, I highly recommend Jim Brown's introduction to currency trading. From sad experience, I know that 80 to 90 percent of the books on trading systems are a waste of time. They present cherry-picked examples of great trades to dazzle the reader and build up a false sense of confidence in the system. When you try to use these types of books in real trading, you lose money fast without a clue of how to fix the situation.This book is is not one of those dead ends. It explains how forex trading works in clear, simple terms. It teaches the basics that are part of any solid trading system...finding a trading style that fits you as a person, selecting the right instruments to trade, finding good entry and exit points, managing risk, position sizing, and above all, approaching every trade with the right psychology. Winning at the trading game is all about mastering these fundamentals; the author does a good job of introducing readers to those fundamentals and showing why they are important.There is much more to this book than the information between the front and back cover. At the end of the book, Jim Brown invites readers to join his FaceBook group and download a forex trading system that he himself uses. I joined the group and found a wealth of information from the author as well as a trading community that has sprung up around him. I also downloaded the trading system and found it to be a solid approach to profiting. The best systems tend to be both simple and elegant, and this system checks the box on both qualities.If forex trading interests you, make this the first book you read. It is an excellent introduction to the craft by an honest and generous professional.

I ordered this book for my grandson and he says he loves. The book is helping him out a whole lot in school and also with the career he’s talking about getting into.

Let's be honest. This is a basic, easy to read, beginner's book into the FOREX market and what it entails. It gives you the fundamentals of what a pip is for different currency pairs, how to trade, what a limit order is, what is a stop loss, risk:reward ratios, etc. which are VERY basic things you could probably learn for completely free on YouTube, doing a Google search or getting a book for free at your local library (In fact, this is what I do now since I realized this is what most of these books are going to give you.) The book does have "The Basics" in the title so it is definitely not misleading by any measure, but that's all it is; the very minimum basics. In fact, he more often than not finishes paragraphs with phrases like "but you have to figure out what works for you." or something similar.Maybe I had too high expectations for the book, but the positives are: you learn the basics in very easy to understand terms; it's like a more concise version of a "Currency trading for Dummies" type of book.The truth is, no book will help you FOREX trade because everyone does it differently. The one HUGE positive for the book is that Mr. Brown suggests you have to experiment with small lots, something I believe to be absolutely true. Avoid the demo accounts, that'll just give you a false sense of security and you will not really understand risk or money management from trading on a fake $50,000 account, unless that's the amount you will fund your account with. (That being said, if you're a beginner, I wouldn't fund an account with more than $500, just to learn the mechanics of trading. That way you get some skin in the game, but don't risk too much money you can't afford to lose.)Overall, this is a decent book for a beginners, but nothing more. Since I can't get a refund, my advice would be: save your money and go to YouTube, Google and the library (Hell, even Brown suggests you use Google! Multiple times!) to get the basics and you should probably learn more about chart reading than anything else. That's the real trick to FOREX, chart reading.I would steer clear away from this book and save my money. IMO, no book on trading or investments should cost more than $10, and at $22, this is a ridiculous price to pay for a 72 page book; that's about $0.31 per page! That is ridiculously high for a book of this caliber. Save your money and use it to fund a FOREX account instead, don't waste it on anything over $10.