Charles Le Beau, David Lucas – Day Trading Systems & Methods
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Forex Trading – Foreign Exchange Course
You want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
SIZE 8 MB
Publisher:Traders Library (April 1999)
The description of the books contents looked like a primer for anyone interested in day trading. Not so.
The first chapter about day trading and its overwhelming negative odds has a disclaimer that the authors very seldom day trade and have very little first hand experience with the methods they are presenting. This certainly begs the question of why they are writing the book.
The methods presented presume a broad knowledge of technical anyalysis particularly charting. For example the first method described refers to a “.025 envelope”this might be a well recognized term for a professional but without a glossary or other explanation it is impossible for a novice to follow the exmple.
The demo disk included “to enable you to quickly apply all the methods and techniques” is a free demo from a quote/chart service and nothing specifically related to the methods in the book. The software can be downloaded free from the internet.
The book was supposedly 1999 dated but the book itself has a 1992 copyright- Is this a rehash of an old pamphlet..
Maybe someone with expertise in the field would give the book 5 stars, but a person just starting out like myself would find it worthless.
My suggestion to the authors is that they identify on the book description to whom the book is directed and especially emphasize that its comprehension requires a certain level of expertise.
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