A slender but information-packed primer for those daring enough to enter the world’s largest financial market.
A beginner’s guide to the fast-paced world of currency trading.
More than $3 trillion changes hands each day in foreign exchange markets, and Abang, in this debut guide, tells how he figured out how to snatch a piece of it. As a career entrepreneur who’s swapped currencies for more than 12 years, he outlines a trading system based on well-established technical indicators. Using straightforward language and easy-to-follow sample charts, he demystifies terms such as “pips” and “spreads” in a brisk introduction to “forex” fundamentals. That’s not to say that he promises readers that they’ll be able to spin straw into gold; he cautions that currency speculation is a risky venture that requires more than just the ability to spot price trends. He also argues that psychological and behavioral factors separate those who reap profits from those who are perennially in the red. The market doesn’t doom traders, he says—traders doom themselves. Abang learned this lesson the hard way after losing money as a novice, and now he seeks to help others avoid common pitfalls. He addresses often ignored subjects such as trading addiction, desperation trading and work-life balance. His central message is that traders must first adopt a proper mental attitude: “[K]nowing your strengths and limitations and fine tuning your emotions and habits to the demands of the job are what will make you a successful trader,” he says. The text’s practical component includes a step-by-step explanation of how to identify buy and sell points by using price tools such as moving averages and convergence/divergence crossovers. The techniques themselves aren’t new, but combined with Abang’s psychological insights, the book is a suitable starting point for newcomers. Because currency trading relies on high amounts of leverage, the book could have devoted more space to sound money management. Still, at fewer than 100 pages, it’s remarkably well-rounded. Most importantly, it confronts the two demons that haunt the brain of every trader: fear and greed.
A slender but information-packed primer for those daring enough to enter the world’s largest financial market.Pub Date: July 21, 2014
ISBN: 978-1482824445
Page Count: 90
Publisher: PartridgeIndia
Review Posted Online: Oct. 17, 2014
Kirkus Reviews Issue: Nov. 15, 2014
Review Program: Kirkus Indie
This is not the Nutcracker sweet, as passed on by Tchaikovsky and Marius Petipa. No, this is the original Hoffmann tale of 1816, in which the froth of Christmas revelry occasionally parts to let the dark underside of childhood fantasies and fears peek through. The boundaries between dream and reality fade, just as Godfather Drosselmeier, the Nutcracker's creator, is seen as alternately sinister and jolly. And Italian artist Roberto Innocenti gives an errily realistic air to Marie's dreams, in richly detailed illustrations touched by a mysterious light. A beautiful version of this classic tale, which will captivate adults and children alike. (Nutcracker; $35.00; Oct. 28, 1996; 136 pp.; 0-15-100227-4)
Pub Date: Oct. 28, 1996
ISBN: 0-15-100227-4
Page Count: 136
Publisher: Harcourt
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Aug. 15, 1996
BOOK REVIEW
BOOK REVIEW
An extravaganza in Bemelmans' inimitable vein, but written almost dead pan, with sly, amusing, sometimes biting undertones, breaking through. For Bemelmans was "the man who came to cocktails". And his hostess was Lady Mendl (Elsie de Wolfe), arbiter of American decorating taste over a generation. Lady Mendl was an incredible person,- self-made in proper American tradition on the one hand, for she had been haunted by the poverty of her childhood, and the years of struggle up from its ugliness,- until she became synonymous with the exotic, exquisite, worshipper at beauty's whrine. Bemelmans draws a portrait in extremes, through apt descriptions, through hilarious anecdote, through surprisingly sympathetic and understanding bits of appreciation. The scene shifts from Hollywood to the home she loved the best in Versailles. One meets in passing a vast roster of famous figures of the international and artistic set. And always one feels Bemelmans, slightly offstage, observing, recording, commenting, illustrated.
Pub Date: Feb. 23, 1955
ISBN: 0670717797
Page Count: -
Publisher: Viking
Review Posted Online: Oct. 25, 2011
Kirkus Reviews Issue: Feb. 1, 1955
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