Forex System Auto Trading

Blue Orion March 11th, 2010 at 4:38 am

For experienced traders: This book provides very basic overviews of various charting techniques and never goes into enough depth to be of any use to an experienced trader. Most sections end along the lines of “this concept is essential knowledge for the trader but a detailed discussion is outside the scope of this book”. The TOC looks interesting but the chapters do not have any actual meat.

For newbies: The book doesn’t provide any useful introduction to FX trading so I don’t see this book as offering any value for newbies either.

I’m shelving this book under the crowded “useless fluff” category.
Rating: 2 / 5

B. Rogers March 11th, 2010 at 9:35 am

First off, this book is not for the beginner. Nevertheless, for the intermediate and advanced traders, there are nice tools that provide a lot of food for thought. The authors are definitely traders, there is no disputing that. They also go above and beyond the call of duty in mining data. The pages offer a wealth of proof of the number crunching power we get from today’s technology, as well as the ability to present the data in a usable format.

My favorite chapters are the ones dealing with Point & Figure (which gave me tons of ideas), Swing Properties, Cycle Analysis, and last but not least, the Goodman Swing Count System. This chapter alone will leave you wanting more information on this virtually unknown (up till now) trading method.

Again, this book may not serve the needs of the beginning trader. But for the intermediate/advanced trader who is past the market infatuation stage and is willing to do the work, there are definite workable ideas contained within.

Rating: 4 / 5