Forex Trading: The Basics Explained in Simple Terms (Bonus System incl. video...

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.

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.

I would like to recommend this book to any person that is new to Forex trading and they need a basic understanding of how this works. I am also new to Forex trading but the way Jim Brown explains what Forex trading is, its very easy to understand and most definitely gives one the confidence to start practicing. He is realistic about trading and the fact that it does take a considered effort and strategies before you can start making money. I give this book a thumbs up for any beginners who need to understand the fundamentals of Forex trading.

This is by far the best Forex entry-level book. It's amazing how Jim explains all the mechanics and FX components needed to know. He talks on behalf of his experience and you can sense it while reading the book. I traded forex for over 6 months before purchasing the book (not making any substancial profit per month and in fact seeing myself constantly in red numbers) and I do have to say that you need at least to have opened an account with an FX broker and have taken a few trades on it to fully understand that what he is talking about does match the markets movements, conditions, trading functionality and so on. Nobody on mi circle of family and friends knows about this stuff, so I didnt have anybody to talk to about all the trouble that I was going trough, and you cant imagine how reliefed you will feel (in case you are in the same circumstances as me) when you finish Jim's book, as you will have learned a lot more and realized that you werent all wrong. As if all of the previous wasn't enough, Jim provides support on any inquiries o even if you just wanna talk forex! over Facebook, Youtube and his personal email. Many of the newbie's doubts and uncertanties that I had were cleared, (doesn't mean that I am a forex pro-trader now, but that Im on a better path than the one from 6 months ago) I just want to say that Im a very happy and satisfied customer.

The title says it all, it will teach you everything you would want to know especially if you're just starting out, in easy terms and in a manner that does not make you second guess yourself. While it's true you can find all of this information online, I think it's handy to have it all in one place, easy to find the information you're looking for and easy to revisit when you need to. Brown also provides some very helpful resources that someone just starting out can go to to ask questions, get tips and even contact the author himself, and yes he does respond (as of 3-6-18) Could not have been more pleased with this purchase. I'm trying to teach some of my friends these concepts and this book did a much better job than I did to get them started.

Referred to this book by reviewers of other book on the same subject as to book to be read first by beginners. After my first read; I had an understanding of how the market worked thanks to the brief overview. The book covers a lot of information in an easy to understand down to earth way, technical information, how to trade. He also shares his own trading tips. There is also a section on the mind-set needed to become a successful trader, which I really only appreciated after I had started trading, and of course gives information on trading. This is the book to get started with, or maybe for someone who wants to review their approach to the market.

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.

I was away from trading for a long time and I decided to get back to trading again. I bought all Jim's books and I am very happy with my purchase. This book is very simple and it refreshed my memory. The cool part is that not only you buy a great book with an awesome content, but also you can communicate with Jim directly! How cool is that!! I sent him an email with some of my concerns about the strategy and he replied me few hours later! He has Facebook page, Youtube channel as well that you can get more information. Not many successful traders share their systems in their books. I've seen some people complain about the price of the books and how thin are they. Let me tell you that it's not about quantity, it's about quality! If you wanna trade in Forex and can't afford investing $75 for three amazing books and having access to the author, then you are in a wrong place and trading is not for you.

Highly recommend this book, just as well all all the other books in this series from Jim Brown. They're easy to read, concise, have a logical approach, they helped me develop my own Fx trading strategy.

Estoy muy satisfecho con este libro ya que me ha ayudado a entender lo que es el mercado forex desde lo más básico. En él encontrarás lo que son los pips o puntos, horarios de la sesiones, los pares de divisas y lo que representan, tendrás un mejor entendimiento sobre lo que es el análisis fundamental y el análisis técnico así como también se menciona el importantísimo tema del manejo de riesgo. Recomiendo mucho este libro en especial a los principiantes como yo!

When I was interested in learning about forex markets, I tried many books. Among other books I purchased this book too. But this book became my favorite because Mr. Jim explained about forex markets with his superb strategies. As he himself a trader, he is able to understand and explain things in practical ways. I became big fan of him and started following his videos regularly. I will surely recommend this book . Am very happy with his support always.

awesome book to have for any beginner traders!

If you are completely new to FX, I would recommend this book as the first one to read. It is well written in simple to follow language, and although short, is packed full of valuable information. Jim also includes a Bonus System in this book, which is worth the price of the book right there. Not only that but Mr Brown provides online tutorials, for the bonus strategy, as well as examples of trading, etc online , and a Facebook Group Page. His commitment to the Forex community is outstanding. Thanks.