| Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets (Wiley Trading) |  | Author: Ashraf Laïdi
Publisher: Wiley
Category: Book
List Price: $70.00
Buy New: $38.07
as of 7/31/2010 04:16 CDT details
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Seller: indoobestsellers
Rating:  14 reviews
Sales Rank: 107,452
Media: Hardcover
Edition: New
Pages: 304
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 9.1 x 6.2 x 1.2
ISBN: 0470226234
Dewey Decimal Number: 332.45
EAN: 9780470226230
ASIN: 0470226234
Publication Date: December 10, 2008
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9780470226230 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
As head FX strategist at CMC Markets–one of the world's leading forex/commodity brokers–Ashraf Laidi understands the forces shaping today's currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insights that are essential to making the most of your time within it.
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| Customer Reviews:
Showing reviews 1-5 of 14
 So so July 16, 2010
Jackal (Singapore)
Work on intermarket analysis is quite descriptive and not very analytical. The classic Intermarket Analysis: Profiting from Global Market Relationships (Wiley Trading) suffers from that weakness and so does the current book. The current book is not bad, as long as you know what you're getting.
The first part deals with historical events, with a focus on the 1997 to 2007 period. It is always good to know history, but there is absolutely no guarantee that the intermarket relationships present at that time are going to be valid in the future.
The second part deals with current relationships; yield curves, US trade and budget deficits, and commodities. This is quite interesting if you are not at all familiar with the ideas. So this section might serve as a primer. What is really odd is the very strong US focus here. Currency trading always consists of two currencies so it absolutely does not make any sense to focus on the US alone. For this reason I give the book only three stars.
I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.
 A Forex Book with Value February 15, 2010
Kevin Jacobson (Oakland, CA USA)
11 out of 11 found this review helpful
I've read and flipped through a number of currency trading/forex books, both as I was learning the trade and in my continuing education. Most books on the subject seem to be put out to sell with little regard to original content and value-added information. They typically spend half the book going over the very basic of foreign exchange markets and lingo - basically repeating what every other intro-forex book says, and then spend the next half of the book either going over general trading areas - such as trading systems or technical areas of trading. There is little to no value-added information/analysis for the forex trader, unless you are a complete newbie.
This book is different - and more in-line for someone who has read up on forex basics and/or has begun to dabble in forex trading and wants to begin to understand the history of different forex markets (as in their past movements), drivers of said markets, and intermarket connections. Unlike other books on the subject, there is not 200 plus pages of forex definitions and filler - it dives straight into valuable content (chapter 1 is about gold and the dollar - history, linkage, trends). It then goes on to cover oil and its linkage, the dollar's historic performance (and the drivers/causes) vs. other major currencies and other macro and micro drivers of the currency markets. This is not a trading book per se (it does not tell you how to trade various markets) - but a great supplement to the trader's understanding of the markets he or she trades in. If you trade forex but don't understand the concepts in this book, my bet is that you are a losing trader, whether you trade long-term or short.
Overall - the best book out there I have seen about the currency markets, their drivers, correlations/linkage and past performances. After reading you'll have a better understanding of the major currencies' past performances and cyclical behaviors, what drives these cycles, their linkages to one another (as well as to gold and oil), as well as understanding the impact on currency markets of central bank decisions and the trends of other markets (e.g. equities, commodities). Highly recommended for anyone currently or looking to trade forex, or someone who just wants to understand the currency markets, especially in relation to global economics/events.
 Good history with plenty of graphs for those who want explanation and causality, but not profit February 13, 2010
ServantofGod
6 out of 14 found this review helpful
In short, as a pro FX trader, I find this book not helpful at all. Quoting last paragraph on pg190, "The causality between a falling dollar and rising oil has resurfaced just as it did at the turn of the decade. Besides the oil driven element of a weak dollar, this time the greenback is in the midst of a prolonged down cycle, dogged by the simultaneous existence of credible alternatives for currencies and yield. The lessons yet to be recognized and the opportunities have yet to unfold." Basically you can replace "oil" above with any commodities or currencies you like, and the logic still works. For sure the author failed to forecast the sharp rise of USD after the Lehman/AIG collapse in Aug 2008 when he published this book in Oct 2008. Pathetic! But of course, as FX is a negative sum game, the more the losers longing for explanation and causality, the better for my trading.
The best Intermarket Analysis book i ever read November 11, 2009
Al Hammoury Noureld (London, United Kingdom)
2 out of 3 found this review helpful
well, i have to say this . Ashraf's Book is the best intermarket analysis i ever read in my whole life, the strategies and ratios that he write makes u understand how the markets move and how there is a big relation ships in all the markets
i have been watching Ashraf since i start to trade in forex market about 6 years before , and he is the only one who come up with new things, strategy, ratios and the most interesting is how he explain what is happening in the market and what will happen as well
Also i got the chance to meet Ashraf many times and i am glad that we became friends and as a result he is my TEACHER :)
keep it up Ashraf as always
Nour Eldeen M. Al-Hammoury
Chief Market Strategist
GFC Markets
b September 29, 2009
b (USA)
1 out of 2 found this review helpful
If you are looking for the book that would explain you dynamic of the forex market, look no further. This is the one. It is intended to deepen the view and knowledge for the people that already know something about forex and are interested to gain real knowledge about how the market works, and what fuels it. Who is interested in gaining knowledge why some currencies are up or down for the year and what are the key events that pushed them in particular direction, this book explains. My particular favorite part about the book is that it takes paricular currency and takes it through time, so it is not just one time example like; canadian dollar lost 5 % because oil dropped. I read quite few books about forex, and came to the conclusion that people that don't really know how to trade, and do not live of trading real money, are mostly writting books about "how to make money". After you read a couple of them you get the sense who these people are. I would recoment to research the authors and in many cases you would find that they are very busy teaching others how to trade, so the question is "when do you trade ?". That is absolutely not the case wiht this author, A. Laidi. If you start researching forex you are guearanteed to run into him.
Bottom line is; if you want to know how forex market works in real life, you must read this book. A. Laidi is one of the rare people that really understands market,and takes time to explain it. He trully is "The Money Man"
Showing reviews 1-5 of 14
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