CFDs: 10 Proven Strategies for Successful Forex Trading
By Jerry Kershen
Jerry Kershen’s 10 Proven Strategies for Successful Forex Trading is a short introduction to the world of currency trading. It tackles the fundamentals of the forex market and trading in it. It also gives readers an idea about the factors that drive the market and teaches readers how to understand charts and how to decide which currency pair to trade in. The book also includes a number of strategies that traders can use.
This forex book review endeavors to give traders some insight on Kershen’s book to help them decide if it is right for them or not. 10 Proven Strategies for Successful Forex Trading offers a discussion about exchanging currencies for profit. It includes information about basic concepts and factors that drive the FX market. It also offers a short lesson on understanding charts and a range of strategies that can be applied by traders.
While the fundamentals of the forex market and FX trading itself are discussed, Kershen fails to do cover the topics thoroughly. This becomes rather problematic once different strategies are introduced. The book, according to the author, is a material meant for beginners, but the discussion of carry trade strategy and breakout strategies need more than a few pages of explanation. This same problem also arises in Kershen’s discussion of stop-loss order.
But this does not mean that the book lacks useful information. Kershen succeeds in giving traders a concise guide to common mistakes that novice traders make, knowledge that traders will be able to use once they dive into the live market. Kershen also provides insight on how to properly manage risk. Traders looking for a summarized guidebook about the different strategies they can use in trading will benefit from getting a copy of 10 Proven Strategies for Successful Forex Trading.
Length: 41 pages
Publication Date: 2017