Foreword Reviews

Forex Trading QuickStart Guide

The Simplified Beginner’s Guide to Successfully Swing and Day Trading the Global Foreign Exchange Market Using Proven Currency Trading Techniques

Clarion Rating: 5 out of 5

Forex Trading QuickStart Guide is an insightful introduction to trading currencies on the world’s largest financial market.

Troy Noonan’s comprehensive guidebook Forex Trading QuickStart Guide teaches methods for trading currency on the global foreign exchange market.

Geared toward beginning Forex traders, but sophisticated enough for more seasoned investors, the book covers proven techniques for day trading currencies. It also breaks down the mechanics of how the markets work. It serves as an in-depth reference to tapping into decentralized global markets that run around the clock, and for doing so with just an internet connection. Forex trading, the book says, confers one the freedom to work anywhere, as Noonan did in café while backpacking around Europe.

Focused on practical tips, as with how to find a good broker or what lot size to select, the book’s insights were gleaned from decades of trading experience. It covers technical skills, such as data interpretation, price chart reading, and analysis, furnishing a solid foundation to build upon. It explains in great detail how foreign currency exchanges work, where opportunities to invest emerge, and how to spot them, instructing audiences on how to capitalize on the market while minimizing their risks.

There are also notes on reading geopolitical situations, understanding debt ratings, discerning chart patterns, and executing successful trades. The parlance of traders and the psychology of trading are covered, too, so that audiences can be confident when engaging the market. And the prose is clear, with esoteric terminology properly contextualized: terms like pip, bid-ask spread, exotic pair, and average directional index are all explained well. The book remains engaging while going over technical subjects by addressing the audience in a direct way. And graphics are used to further illustrate the ideas being discussed, as with a chart that breaks down the inevitability of financial losses with repeat trades.

The book is organized into chapters by subject, making it a handy reference. Its chapters are crammed with information that’s broken into digestible subsections. Chapter overviews lay out what to expect; summaries follow each chapter, too, highlighting their main takeaways with bullet point lists.

The book builds to a conclusion that outlines the twelve powers of trading, explicating principles to empower traders to gain a statistical edge or know when to quit. The concepts are spelled out in a brief enough fashion to pique interest in the next installment of the series. A brief paean to Forex trading extols financial freedom and the challenge of trading, rounding out this thorough work.

Forex Trading QuickStart Guide is an insightful introduction to trading currencies on the world’s largest financial market, guiding audiences through tapping into a liquid asset class to realize their financial goals.

Reviewed by Joseph S. Pete

Disclosure: This article is not an endorsement, but a review. The publisher of this book provided free copies of the book and paid a small fee to have their book reviewed by a professional reviewer. Foreword Reviews and Clarion Reviews make no guarantee that the publisher will receive a positive review. Foreword Magazine, Inc. is disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.

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