Forex Made Easy : 6 Ways to Trade the Dollar

by James Dicks

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Editorial Reviews
Product Description

The first plain-English introduction to foreign currency exchange trading--one of today's hottest profit opportunities

The foreign currency market is the largest financial market in the world, and foreign exchange trading is quickly becoming one of today's most high-profile, potentially lucrative markets. One problem is that books on the topic are complex, technically dense, and difficult for Forex novices to grasp.

FOREX Made Easy is the first book to approach the topic in a detailed yet accessible style, gradually and deliberately moving from simple to complex in easy and natural language. Author James Dicks--founder of the popular trading software 4X Made Easy--draws upon his trading knowledge to give readers only the information they need, from setting up a workstation to trading electronically.

This Forex guidebook provides traders with:

An easy-to-follow, six-step process for FOREX trading
Methods for gaining an advantage using technical analysis
Dozens of examples to illustrate key points

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All Customer Reviews
Average Customer Review: 2.5 out of 5 stars

0 of 0 people found the following review helpful:

1 out of 5 stars

Nothing you can't Google, 2008-12-12
I read this book. A friend new to Forex gave me his copy and asked what I thought.

I read it. I believe it to be honest, straight forward but VERY basic. Which is fine, but you can get all the contents of this book and more if you use Google and read many of the free materials most of the big brokers have to give away to tempt you to open an account with them.

If you do not have internet access (now...how you will trade Forex without live charts streaming to you is beyond me !!!) then this is a good read.

2 of 3 people found the following review helpful:

1 out of 5 stars

make it easy for me..., 2008-07-07
I didn't actually read this, I'm just being mean because I hate authors who put pictures of themselves on the covers of their books. Gives me the impression that they are actually a greasy salesman and the book is nothing but a comeone for some seminar or website or anything else that can suck money out of you. The red power tie and the made easy title only reinforce that assumption and then I get extra cynical when the guy has funny name on top of it. I know you shouldn't judge a book by it's cover, but let's face it...the guy looks like a Dick.

0 of 2 people found the following review helpful:

5 out of 5 stars

Forex Trades, 2008-07-07
This book provides excellent information on how to trade.
First, a fundamental analysis of the economy is critical.
Analyze trends in currencies and the underlying causes.
Next , the technical analysis is critical. This analysis
includes price trends and the effects of the trends.

The author advises to consider buying "at the dips".
Buying signals are at resistance breakthroughs and the
existence of definitive trends. Ascending triangles form
upward patterns which signal buying opportunities.

There are a number of other rule structures. i.e.
o Fibonacci extensions give the target price area.

o The DMI index provides an idea of direct movement.

o Bollinger bands are curves around the price structure.

o Stock trading volume is important, as well as the Price/
Earnings Ratio. Generally, investors do not want to pay
too much for a stock.

o The day charts show trading in 24 hour increments.

o Important economic indicators are inflation, employment,
consumer spending etc.

o The PPI shows the producer price index or change in prices.

In my experience, the FOREX INDICATORS are important with regard
to stock purchase/selling decisions.

7 of 8 people found the following review helpful:

2 out of 5 stars

skip this book, 2007-02-04
There is essentially no topic in this book presented with enough quality information to allow the reader to make any consistent profit from FOREX trading. If you picked the book up in a bookstore and wrote a list of the topics on a piece of paper, you would have a place to start your search. In other words, don't waste your money. The only reason I did not "hate the book" is because the information is essentially accurate. But trading FOREX successfully (actually any successful trading) is difficult. In this market you are trading with or against enormously deep pockets who know more than you.

If you want some alternative ideas, consider these three:
1. Currency Trading; Philip Gotthelf; Wiley; 2003
2. Day Trading the Currency Market; Kathy Lien; Wiley; 2006
3. Trade Your Way to Financial Freedom-second edition; Van K Tharp; McGraw-Hill; 2007.

20 of 23 people found the following review helpful:

3 out of 5 stars

Good for starting a software business, 2006-09-24
It is because I am an entrepreneur and a capitalist that I got into Forex trading. Therefore I must admire and respect those who achieve monumental success such as James Dicks. And I actually enjoy reading a book or e-book that is a good sales letter for another product. People who resent such things would do well to go through T.Harv Eker's Millionaire Mind training and other such wealth consciousness training. However, I think most people in the Forex world now realize that Forex Made Easy is a software that produces green arrows for a buy signal and red arrows for a sell signal. The programming behind the software, I am told, is based on a simple signal that is taught in at least a similar form in many introductory trading courses. Following the signal requires users to remain ignorant of all the other factors that could eliminate most of the losses. Many people who started out with Forex Made Easy have told me that they did not start learning to trade until they went on to other sources of training. I believe that Forex Made Easy may not have ever had their customer's best interest nor their success as a motivating factor when creating the company. They have made a huge amount of money with late night TV commercials and high pressure "free introductory seminars".

And now that their reputation is well known to be less than honorable the company has reincarnated as Premiere Trading with a new round of late night TV commercials. I am not saying that Premiere Trading is connected with Forex Made Easy. But apparently James Dicks is the leader of both companies. Of course, there is nothing wrong with advertising on late night TV. I am just a little concerned about the integrity of these organizations. The real profit in this industry is in finding a continuous stream of new customers and connecting them with an Introducing Broker and watching them lose their accounts in the first 6 months. Consequently, it is hard to find sources of help in the Forex world that are committed to the long term success of their clients. The industry is driven by the unregulated Forex brokers and most of the training and information that is available is geared toward what makes the most money for the brokers.

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