| Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing (Wiley Trading) | 
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Avg. Customer Rating:   (based on 32 reviews)
Sales Rank: 55379
Category: Book
Author: Rob Booker
Publisher: Wiley
Studio: Wiley
Manufacturer: Wiley
Label: Wiley
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 240
Shipping Weight (lbs): 0.9
Dimensions (in): 9.1 x 6.3 x 1
ISBN: 0470049480
Dewey Decimal Number: 332.45
EAN: 9780470049488
ASIN: 0470049480
Publication Date: February 9, 2007
Availability: Usually ships in 1-2 business days
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Product Description
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 traders. Everyone will learn something about themselves by reading this book."
?Kathy Lien, author, Day Trading the Currency Market, and Chief Strategist, www.dailyfx.com "Adventures of a Currency Trader is a must read for anyone who has ever traded or is thinking about trading in the Forex markets. Rob Booker has a unique way of taking years of market knowledge and transforming it into an educational and entertaining experience. It has quickly become a cult classic in my trading library!"
?H. Jack Bouroudjian, Principal, Brewer Investment Group "Brilliant! Rob's humor and humanity shine through in this parable about trading and life. Filled with wisdom and wit, it's an exhilarating rollercoaster ride through the peaks and valleys of the learning curve, with many valuable lessons learned along the way."
?Ed Ponsi, President, FXEducator.com "Rob's fable of everyman 'Harry Banes' is destined to become a trading classic. This is both the missing piece and the foundation that comes before the strategies and methodologies. The search for the Holy Grail begins and ends in the heart and mind. The journey is authentic and real and if you're willing to take it with Rob, you will be rewarded in the end. Seldom has psychology and wisdom been so entertaining!"
?Raghee Horner, trader and author of Forex Trading for Maximum Profit and Days of Forex Trading "In a series of insightful and entertaining vignettes, Rob Booker teaches both the novice and the experienced trader some hard won truths about the currency market. It's a must read book written by a guy who survived the trenches and went on to prosper in the biggest and most competitive financial market in the world."
?Boris Schlossberg, Senior Currency Strategist, Forex Capital Markets LLC, and author of Technical Analysis of the Currency Market
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| Customer Reviews: Read 27 more reviews...
 Un acercamiento sencillo y al punto August 11, 2008
Una manera muy didactica, y divertida la que nos presenta rob en su historia de Sr Banes. Excelente
cubre los aspectos que uno como trader novato comete, por que tiene que cometer.
Gracias Rob
A must-read for traders, experienced and novice alike! July 15, 2008
This is the best book I've read so far on trading. If you have ever traded currencies, or are thinking about it, you need to check this title out. There is a little bit (or a lot) of Harry Banes in all of us! Read this book before you take your next trade!
Look at H4 and D1 charts ... May 19, 2008
1 out of 1 found this review helpful
Over last couple of days I finished reading " Adventures Of a Currency Trader" by Rob Booker .
Very good book , interesting and insightful . The story has lot of drama and suspense and lot of lessons to learn as well .
The story is about Harry Banes , who is an average person and who reach the hall of fame by help of his mentor , Harvey Winklestien . Harry lives in NY , so he can walk to any trading floor anytime he want .
I wish I could be bale to do that . Though the story is little bit unrealistic , its not possible for someone to become expert from absolute beginner in 3-5 weeks . Anyway it's just a story book , as I mentioned before very entertaining and insightful . After a long time I read some fiction , though it's not really a fiction .
The moral of the story is summarized into three broad rules . Thou Shalt Never Lose More Than 25 Percent of Thine Account . ( Day Light saving )Thou Shalt Test Before Trading . ( Back testing ) Thou Shalt Stand Accountable to Another Person for Thy Trades . ( Amazing ) This broad values are new to me , though I am not new to FX .
I think this book is for advance audience . Everyone can enjoy the story of Harry banes , but not everyone is in a position to absorb the thoughts which are hidden between the lines . We need some experience in loosing trades , gyration of hit and run trading and above all people who have a tendency of chasing price and holding on to their ego will benefit from this book immensely .
This books builds up slowly over few chapters and then get very intense in last few chapters . Following are my favorite chapters . Chapter 13 : The Story of George SislerChapter 15 : Breakfast with HarveyChapter 17 : TestingChapter 18 : HomeworkChapter 19 : Team Banes Begins Anew ( Accountability for Day traders )The story emphasis on having your own strategy and back testing it with enough historical data and then implementing the day light saving limit or percentage of NAV concept . The most amazing part is , keeping a journal of all your trades and asking your partner to review them . The execution of your trades should meet your objective , all execution should be well planned and back tested . The book is not for you to learn about technical analysis or getting some magic trading strategies . The book is more on psychological aspects of FX trading , but it covers very valuable points . It mentions about support and resistance levels . It explains clearly why you should look more in to daily and 4 H chart rather than always looking at the 5M charts .
 Worthwhile read May 12, 2008
0 out of 1 found this review helpful
It shows various perspectives of various types of traders
It gives a look into the professional (institutional) world
It mimics your own experience (at least for me to some extent)
It helps you to embrace and conquer your own deficiencies.
The book was great. I was totally hooked into it, especially seeing that they gave visual examples, and explained all sorts of stuff. Hell, the book is even great for persons who know nothing about trading, but would just like some insight into the world of trading.
Going to look for another Rob Booker book now.
worth a read February 3, 2008
1 out of 2 found this review helpful
This is a very unique book that talk about the most common mistake a new trader is going to make. It is in such a funny way, I keep reading it for the Forex part, but also the story line. I can so related to the guy in the book because I am a new trader and have faced most situation this book is talked about. I recommend this book to any new trader who want to find a way to improve them self.
This book does not have too much detail in how to buy or sell a currency, It more focused on the mental part of new trader. So not for people who want a full description of "System".
Still very good read.
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