2024 the best place to exchange money review

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  Now you can master the art of foreign exchange trading

While most currency trading and foreign exchange books focus on international finance theory or simplistic chart-based strategies, The Art of Currency Trading is a comprehensive guide that will teach you how to profitably trade currencies in the real world. Author Brent Donnelly has been a successful interbank FX trader for more than 20 years and in this book, he shares the specific strategies and tactics he has used to profit in the forex marketplace.
 
The book helps investors understand and master foreign exchange trading in order to achieve sustainable long-term financial success. The book builds in intensity and depth one topic at a time, starting with the basics and moving on to intermediate then advanced setups and strategies. Whether you are new to currency trading or have years of experience, The Art of Currency Trading provides the information you need to learn to trade like an expert. This much-needed guide provides:
 
●     an insider's view of what drives currency price movements;
●     a clear explanation of how to combine macro fundamentals, technical analysis, behavioral finance and diligent risk management to trade successfully;
●     specific techniques and setups you can use to make money trading foreign exchange; and
●     steps you can take to better understand yourself and improve your trading psychology and discipline.
 
Written for currency traders of all skill levels plus international stock and bond investors, corporate treasurers, commodity traders, and asset managers, The Art of Currency Trading offers a comprehensive guide to foreign exchange trading written by a noted expert in the field.

Publisher ‏ : ‎ Wiley; 1st edition (June 12, 2019)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 416 pages
ISBN-10 ‏ : ‎ 1119583551
ISBN-13 ‏ : ‎ 978-1119583554
Item Weight ‏ : ‎ 2.31 pounds
Dimensions ‏ : ‎ 6.5 x 1.5 x 9.5 inches
Reviewer: Ed Matluck
Rating: 5.0 out of 5 stars
Title: If you trade FX this is a must read
Review: This book should be read by anybody interested in learning about FX trading and especially by anybody engaged in it. The book covers all relevant topics and uses actual trades and recent experiences of the author to make his points and illustrate his preferred trading strategies. The book is especially strong on the (oft neglected) subject of risk control which is of paramount importance since most retail traders lose money whereas professional traders lose their jobs. The book covers the mechanics of trading, specific trading setups, macro-economic and domestic financial factors that must be addressed by anybody seeking to trade consistently. It also discusses some but not all technical patterns.One of Brent Donnelly’s objective in the book is to show how today a trader must incorporate knowledge about macro-economics, country and international politics, technical analysis/chart reading (for example, Fibonacci analysis, Japanese candle sticks and Elliot Wave Theory), market sentiment, and experience. According to him this was not done by professional traders in the past as they were primarily sales people with little or no background in these areas.As the book points out, thanks to technology, low cost, (often free) sophisticated trading systems are now available to the public. As a result, retail traders have access to virtually the same information and mathematical techniques as professional traders. What they do not have access to is the near-term plans of large corporations and brokers which may or may not, be a serious problem.THE MOST IMPORTANT PART OF THIS BOOK IS ITS DISCUSSION OF RISK MANAGEMENT AND CAPITAL PRESERVATION. These chapters need to be read by all traders including those who trade stocks, bonds, futures and options. The book’s discussion of risk control is the most simplified, direct and explicit treatment of this topic that I have seen. Brent Donnelly actually lays out his personal risk control system and explains how it works and how he uses it.THE SECRET TO MAKING MONEY IN TRADING IS NOT FINDING GREAT TRADES although that helps. THE TRUE SECRET IS NOT LOSING MONEY! Just like Warren Buffet says. Because if you blow out your account you are out of the game. There are many risk control systems available and Brent’s is not the only one that works but it is simple and easy to implement. To learn it you need to read the book but suffice to say, it is based on never risking more than a small percentage of your account and if you lose money in a given period you must reduce the size of your trading until you restore your losses. Similarly, as you make money you can increase the size of your trades accordingly. Brent has been using the system he presents throughout his trading career and it seems to have served him well.FINDING GREAT TRADES. While there are many reasons why one might take a trade, Brent Donnelly describes, with great clarity, what he calls 7 Deadly Setups. These are basically technical patterns that have a high probability of success. They don’t come along every day but when you see them it makes sense to trade them and do so with more than your standard amount of capital (note you may have to close another trade to stay within your risk budget)The book also shows how some of the best trades set up when technical buy/sell patterns match what fundamental information is suggesting.Another highlight of the book is what Donnelly calls his 25 Rules of FX Trading. He introduces each one when he is discussing the relevant topic to which it relates and then summarizes them all at the end. Following them will not guarantee that you will make money, but it will ensure that you trade with discipline and full knowledge of what you are doingOther topics addressed in the book include choosing your trading time horizons, picking stop loss points and trade targets, trading news releases (often initial moves reverse in a few hours), and inter-market correlations. All these topics are discussed with clarity and real-life examples.Do not miss Donnelly’s discussion of the January 2015 event when the Swiss National Bank removed the floor they had imposed of 1.2 on the Euro/Swiss Franc the day after they has said they would not. This event bankrupted many traders, brokers and bank trading departments. Donnelly uses this example to illustrate one of his 25 rules that “Anything can happen”In summary, I found this book absolutely wonderful. I have been trading FX retail for about 1 ½ years. I have a finance background and have traded stocks, options and financial futures (for myself not professionally) for many years but never FX. This book answered all the lingering questions I had about how to find trade setups, evaluate and manage them. It also completely revolutionized my understanding of risk control. I thank the author and urge anyone interested in trading to read it.

Reviewer: John Sweeney
Rating: 5.0 out of 5 stars
Title: easy read
Review: Great book-easy to read. Really good advice. The focus is on fx but the advice can be applied to other securities markets.

Reviewer: Sam
Rating: 5.0 out of 5 stars
Title: Fantastic Book
Review: I'm primarily a stock / options trader and have recently been getting more interested in FX and bonds. This book was a fantastic primer to get me up to speed quickly. I could quickly tell just from reading the first few chapters that the author is himself a very good and experienced trader, which I really appreciated. Speaking for myself, I would much rather read a book written by someone who has learned inductively through trial and error than from an academic economist, for example. Strongly recommend it.

Reviewer: Amazon Customer
Rating: 5.0 out of 5 stars
Title: This is the best Forex trading book!
Review: If you are really serious about trading Forex, this is the best book to read. From basics Forex concepts to Technical and Fundamental Analysis, you have all you need to have a good grasp of FX market. Trading the news is the part that I love the most. It was really hard for me to understand how to approach the news and trade them. Brian has done an outstanding job putting in details what you need to know and how to deal with it.I have always been passionate about the Forex market. The only thing that kept me from taking action was a book that could tell me exactly what to do, where to start and how to stay motivated in that journey. The Art of currency Trading has all in it. I take the book with me everywhere I go. I have completely read it, but I do not just leave it on my shelf. It’s always in my car with me or on my desk because it’s my Forex bible.It was hard for me to come up with a trading plan and a Trading Strategy, because I did not know where to start and what to write. I did not finish reading the book and I found inspiration to write my trading plan and my trading strategy.I highly recommend this book to anyone who is really passionate like me about not only trading the Forex Market but also understand the Fundamental about it.

Reviewer: jirair apelian
Rating: 4.0 out of 5 stars
Title: Best fx books with some shot comings
Review: This is the best book i have read about FX trading. it is obvious that the author tried to put his experience in the book. It has a good narative and it is very interesting to read. there is lots of information to analyze so be ready. First problem is that the charts are in black and white and hard to distinguish the flow of the chart. Second is that in some of the very important topics the autor skips through the discussion and does not disclose any details. i hope he comes up with a Vol 2 of this book with more details cause i love the way this book is organized and i really wanna get more out of it. I am new into trading world and i learned a tone from this book. i cant wait to apply my new knowledge into the market. definitly recomended.

Reviewer: BDonnelly713
Rating: 5.0 out of 5 stars
Title: A Lifetime of Experience in One Book
Review: Full disclaimer upfront: I am not related to the author despite sharing a last name. I work in different part of finance and wanted to learn more about the FX market. This book was an excellent overview for that. I think it would be even more useful if you aspire to trade FX yourself. There is a great overview of the basics and market structure, terminology and technicalities etc. A review of fundamental and technical analysis as well as inter-market correlations, and even though I was already familiar with all these topics, the real life examples were extremely useful to me. Hits the holy grail of risk management and it finishes off with a nice bit of behavioral finance and emotional traps into which any trader can fall. It's easily digestible but detailed enough to be very useful. Excellent combination of elements here. I hear that the author has another book in the works as well so I will be on the look out for that.

Reviewer: Rylan
Rating: 5.0 out of 5 stars
Title:
Review: Good book

Reviewer: Tony
Rating: 5.0 out of 5 stars
Title:
Review: Llegó bien

Reviewer: Erlin Duqi
Rating: 5.0 out of 5 stars
Title:
Review: Very comprehensive, with valid information,Very helpful to my opinion.

Reviewer: Saskia
Rating: 5.0 out of 5 stars
Title:
Review: The book is really good specially for someone who wants to succeed in currency trading. It contains literally everything you need, however, you will need to create your own strategy based on the theory learned.

Reviewer: TaekdoesIT
Rating: 5.0 out of 5 stars
Title:
Review: His fusion approach of fundamental and technical analysis towards FX market is definitely worth a read.