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- ISBN13: 9780470722084
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
The foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get ‘chopped up’. It is one of egos and money, where millions of dollars are won and lost every day and phones are routinely thrown across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market, which has unfortunately spawned a new breed of authors and gurus more than happy to provide misleading and often downright fraudulent in… More >>
Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market
November 8, 2009 at 6:53 am
bought the ebook version of this sometime back for a couple of bucks and thoroughly enjoyed it..short and to the point just like i like my books to be
and actually has some good ideas.
some of his trades are a bit hard to follow, but at least it’s great not to be treated like an idiot for once in a trading book..
Rating: 5 / 5
November 8, 2009 at 7:14 am
BEAT THE FOREX DEALER gives you the insight of the markets and how the dealers / brokers profit on your positions. This book pulls back the curtain allowing the reader to see the “man at the machine”. The truths exposed in this book are not just in the Forex markets but also in the Futures markets and the Stock markets. The investors have all the cards stacked against them. You have to think and trade like a dealer to have a chance.
This book will open your eyes to all the systems and magic programs available, they just keep feeding the dealers. I recommend you buy this book and read it twice before you buy any Forex pairs, Commodity Futures, Stocks,Bonds or even Real Estate. Don’t let the Dealer continue to win.
Rating: 4 / 5
November 8, 2009 at 8:09 am
This is my first time writing comments in Amazon, as I can’t stop myself to express my happiness after reading this book.
I’ve traded Forex about 3 years and had lost a lot of money. After reading this book, I really knew that what happened for my Forex trading skills, and how to beat the dealer (as the title of this book).
The author mentioned many times that a trader should think as a dealer, which inspired me what mistakes I had made and knew there are a lot of tricky traps in Forex market. The topics like “All About Stops”, “Trading the FED”, “Fading News”, “Big Figure Trade”, “The Friday to Sunday Extension” etc are all invaluable to me and I am sure no other books have mentioned such skills / experiences.
I started to win money (even not yet recovered all my lost) after reading this book. I love it very much! Thank you Agustin Silvani! You are really an insider!!! You are the best! And, thanks a lot for sharing your great experience with your readers!
Cheers!
Rating: 5 / 5
November 8, 2009 at 9:28 am
First, I haven’t read this book, but I have read the reviews. They have convinced me not to read it. I know a little about the FX games brokers play. I’m a European Fx broker. Apparently his premise is “by following his recommendations”, one can beat the dealer broker. This like saying you can beat the Mafia and the KGB. Why do you want to put yourself in that position and put your hard earned money in the position to be taken away by these unethical people. They earn their living by making sure you lose. I won’t go into the many, many ways they do it. I have gone to websites owned by these slime balls and read their advice they give to novice traders (suckers) and they lead then right down the path to steal their money.
Where one needs to start, is to trade only with an ECN (Electronic Communications Network) broker. They don’t have dealer desks. If they do, they aren’t real ECNs and there are plenty brokers who pretend to be ECNs and aren’t, so you need to be careful. An ECN doesn’t trade against your account and they don’t see what you are trading. They are directly connected to several large banks who blindly trade with you. The outcome has much more to do with your ability to trade, than your ability to fool yourself that you can beat someone who knows all about you and your account. Find a good ECN broker and you don’t need this book.
How do you find an ECN broker? Ask some questions. Ask, are you an ECN? If yes, continue – Do they offer 1/2 pip spreads? If yes, they aren’t an ECN. This trick fools your platform and they can steal your money. Do they charge a commission? If they are a real ECN the answer will be yes, because that is how they earn their money, not by stealing from you. Of course you want free trades, but it is much more costly in the long run. Do they have a dealer desk? If yes, they aren’t a real ECN. They will have a service desk…….. that will serve you, not steal from you. The dealer brokers advertise much more, because they make (steal) much more money. You need to search for ECNs.
Good trading!!
Brussels, Belgium
Rating: 2 / 5
November 8, 2009 at 11:30 am
This is an outstanding book, particularly relevant in this time of turmoil in the markets. Is a type of book which you very seldom find. The author is on your side and this is very helpful during this unique period of such an incredible volatility. The book help you to better understand how the market works and how to take advantage of that.
BM
Rating: 5 / 5