Nov
07
Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing
By
Review
“…you will find this book riveting and occasionally amusing, but nothing less than eye-opening.” (Securities & Investment review , June 2007)
Praise for ADVENTURES of a CURRENCY TRADER “A truly easy, unique, and enjoyable read! Rob has done it once again to teach us in the funniest way possible how not to make the most common trading mistakes. If you are tired of reading how-to books, this is perfect for you. I highly recommend this book to all t…
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Booker did a brilliant job of balancing the dramatic impact of the fictional aspects of this book with the solid non-fiction wisdom he wanted to impart to the reader.
I very easily and painfully (ouch!) identified with the many beginner mistakes the book’s hero “Harry Banes” made at the start of his trading experiences. These experiences gave me a greater insight as to why I made the same mistakes in my trading. The book helped me develop a systematic approach to trading based on logic and solid experience vs. emotion and wishful thinking.
I am so glad thatI no longer crave the emotional rollercoaster ride of impulsive day trading. Now I find entering fewer and well thought out trades based on long range goals a lot more satisfying than the frenzied rush of day trading. The biggest gift this book gave me was teaching me that there are more rational and peaceful ways to trade profitably. I would recommend this book very highly to all traders, but especially to the beginners.
It describes about the emotional and mental revenge of the author’s friend – Banes to the currency trading. Really good for beginner and novice traders, in order to avoid the same mistakes of personal discipline matters involving currency trading.
It is in a story form and lets you read quickly. Telling you about how a novice can get everything wrong, but then how to make it right was not cover in detail, probably making it too easy. The man in the book more or less lost his account in the first few trades, very typical, but then he can do it right and start making money soon afterward, not very typical …. my understanding.
Overall, fun to read, but I don’t learn much from it.