Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing (Wiley Trading) | 
 enlarge | Author: Rob Booker
Publisher: Wiley
Category: Book
List Price: $55.00
Buy New: $26.00
You Save: $29.00 (53%)
New (36) Used (14) from $26.00
Rating:  34 reviews
Sales Rank: 30583
Media: Hardcover
Pages: 240
Number Of Items: 1
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 29 more reviews...
 Great Reading November 13, 2008
Wannabe
Though this book is based upon a fictional character as to how one got started into trading, it provides a very interesting reading into the psychology of a trader's mind. Do not expect the book to present any strategies for trading, it makes one think before acting. Have a plan before entering a trade instead of shooting by the hip....
 My thoughts... October 10, 2008
E. Gilbert (Texas, USA)
I thought this book was done just fine..!!
Rob Booker really wrote a book that happens to capture the mindset of every trader just starting out.
I liked the fact that the book has a variety of scenarios, which encourages the trader in all of us to think outside the box.
I look forward to reading other books that Rob wrote.
Un acercamiento sencillo y al punto August 11, 2008
Gustavo Alberto Salazar Jimenez (Colombia :))
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
microbrain
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
Tanmoy Das (Singapore)
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 .
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