Forex For Beginners: What you need to know to get started, and everything in between 1st Edition, Kindle Edition

I've just read both of Anna's first two books, Forex For Beginners and A Complete Guide To Volume Price Analysis, back to back, and I'm going to be lazy and just post the same review for both, but I'll distinguish where I make comments specifically about one or the other.I'll start with a little background to put this review in context. I started getting interested in forex trading with an email touting some guy that had a "system." I signed up for his live webcam "learn how by watching me trade" membership, figuring I'd take advantage of the 3-month money back guarantee if I learned nothing. At 2 months I couldn't explain his system clearly to myself, and he was changing methods almost every day and frequently seeming to contradict things he'd said before. I kept at it for another couple weeks and then used the money back guarantee. I then started downloading and backtesting all kinds of indicators and EAs and browsing Amazon reviews looking for a better guide. Next I scanned a couple forex books and a couple on trading in general, and I used Technical Analysis of the Financial Markets as an encyclopedia. I continued playing with my practice account for a couple months, but could find nothing that worked consistently enough to be comfortable committing real money, and I lost interest.A year or so later I ran across an article about Richard Dennis and the 'Turtle Traders'. I realized: a) people do make money doing these things, b) anyone can learn the methods, c) and there are experts out there who are willing to share their knowledge. I started looking for a good book again and almost immediately found Anna's books. Forex for Beginners was so cheap and the free sample indicated it would be an easy read. Halfway through, and also after reading comments about it on several forums, I was sold on VPA. I decided to re-open my FXCM practice account and try some of her recommendations, then read the next book (A Complete Guide to Volume Price Analysis) while waiting for my account to fund. She recommends not using a practice account for anything more than learning the interface, for several reasons: real money is more meaningful and lessons stick better, the practice account feed is usually not a real live feed even if they say it is, and the practice feed won't show you the sudden spikes in the spread caused by your broker sometimes taking advantage of a fast moving market. Forex for Beginners was very helpful in explaining how the different types of forex brokers' operations can work against your interests if you have the wrong type of broker, and how to find the right type so you're not betting against the house.Volume price analysis makes sense to me, and her (and others') assertions that the market is controlled by insiders whose moves can be seen by analyzing volume is the best explanation I've seen yet for why price action forms certain consistent patterns. My previous concept of technical analysis was that specific price patterns form when there are enough people who believe it will, simply a self-fulfilling prophecy, and I could never quite accept that as a reliable way to make money. Now I understand how volume affects candle formation, and how insider action is reflected in volume, and it's all logical. I can trade on that with confidence, which is the biggest thing I've gotten from these two books.My only complaint about both books is that she could use a more attentive editor, but there's nothing so bad it's really distracting. I read a review here recently where the reader said the grammar was so bad he/she couldn't finish the book (I can't remember if it was one of these two or another trading book). That's short-sighted arrogance in my opinion. The most eloquent speaker or the most concise and grammatically correct writer is not usually the best teacher. Also, if Anna had a talented editor go over this with a fine-toothed comb, yes it would be slightly easier to read, a little less repetitious, and probably a little shorter, but it would be more expensive too. If you want to learn how to work on your own Harley, the Haynes manual was written by a professional technical writer with a professional photographer looking over his shoulder at the work of a professional mechanic. Yet they (or their editors) still usually leave out all sorts of important details and perspectives that the grizzled old greasemonkey down at the shop is willing to give you if respect his experience and can dodge his tobacco juice and parse his colorful language. The Haynes manual is certainly cleaner and easier to read, but I'd prefer a conversation with the veteran any time.Another reviewer for one of these books said they couldn't make out the charts in the Kindle version so they bought a print copy and it was no better. I agree some of them are pretty hard to read on my Kindle (6" E-Ink display), but I had no problem with any of them on my iPhone screen or on Kindle Reader for PC.Tip: I found it very helpful to read on my Kindle with my iphone in my lap above it so I could glance at the chart and back to the text without scrolling back and forth constantly - something Amazon could definitely improve in the Kindle experience.I gave A Complete Guide to Volume Price Analysis 4 stars when I started writing this review, but I've decided to make it 5 stars. Part of the reason for this upgrade is that I'm not aware of another book on VPA (or VSA), and I'm grateful to Anna for writing one. Also, I haven't put her recommendations to use yet. My next step is to go through the VPA book again and condense the principles onto a set of flash cards. Then I'll start with the smallest possible lot size (like she recommends), keep a journal, and mark up my flash cards as I go along. I'll update this review when I feel like I've got some meaningful experience.

Hi, I bought all the three books of Anna. Reading The Three dimensional approach currently. All three books are giving an excellent insight into forex trading. I bought about 15 more books on the subject and none of them are giving a sound and solid knowledge about forex trading or how to do it using the available resources and direct and indirect indicators we can use for successful forex trading. If somebody really wants to learn how to trade forex with a knowledge please read Anna's books. Please be mindful that most of the other writers just show the examples with historical charts which every one could pin point profitable trades in back testing. But if you see them as they are happening it is very difficult to enter into a profitable trade or to remain in the trade according to their methods. But Anna is successfully explaining how to enter and how to exit a trade at the proper time.Buying Anna' s books is not wastage and if you want to buy only three forex trading books please buy Anna's.Finally , her VOLUME PRICE ANALYSIS is an excellent ,very logical and justifiable approach to trading which none of the other writers are even thought of.Dr Priyantha ThotagamuwaGeneral Practitioner1/140, Quarry StreetThe RangeQLDAustralia4700E-mail: [email protected]

I am a beginner to Forex trading. I have not actually started live trading yet. I want to have a solid trading plan before I begin trading.This book has a lot of good information. Having started with no knowledge of the Forex market, It has given me an understanding of what is involved in trading in Forex. The book is by no means the only book you will need on the subject, but in my opinion, it is a great start.I think the author touches on everything you need to know as far as topics, but sticks to systems and methods that have worked for her.I agree with some of the other reviewers that the book really could have used better editing, or any editing at all. The thing that most bothered me was the size of the book; The full 8.5x11 pages were almost unwieldy, as I like to bring my books to work and read when I have the opportunity, which is usually behind the wheel of a parked truck. It was hard to carry around all day, as it did not fit in my lunch box. Neither of these issues take away from the fact that the information provided is good, the book can be the start to a solid foundation. It is not the be all, end all, but as I said before it is a great start.

This book is my number one reference in Forex, i could improve a lot after read it, Anna is a excellent trader.

Mon avis elle vous apprend plus que beaucoup d'autres je suis trader depuis 5ans je suis des trader lis leur livre pour voir se que je peux apprendre en plus je suis bien souvent déçu et là je vois beaucoup de détails qui mon plus et apprend des choses que je n'avais pas forcément pas appris mais pas vu du bonne angle net d'autre choses que j'ai pus apprendre en plus malgré toute les autre "formation" suivi

Its a good book to start in Forex. You will need more information as you move on. Very clear and simple explanations although the math behind analisys and used indicators should be covered more in depth. I assume those are explained in the next books from author.

This is a great book for people starting out with Forex and for those who already know a bit about the subject. I am sure everyone will learn something.

"Forex For Beginners" by Anna Coulling was just the book I was searching for as a newbie Forex Trader. The book assumes no previous knowledge in Forex trading, but builds your confidence step by step through 14 chapters. The book is well planned with knowledge gained in one chapter, being applied as an input to the next chapter. Hence, I do not recommend anybody to engage in random sketch reading as far as this book is concerned, if you are serious about building an income stream as a Forex trader.The book begins with an introduction to the Forex market, & its currencies, & goes on to explain trading approaches. In here, Anna explains the two commonly known approaches of Fundamental Analysis / Technical Analysis, & goes beyond other books on this subject to explain the Relational Approach which galvanizes the former two approaches into a powerful trading philosophy.This is followed by Volume-Price analysis. Again most books I read was about "Price Action Trading", which missed-out on a powerful leading indicator such as "Volume". Anna does due diligence to explain the importance of tracking Volume as a means of understanding the real intentions of Market Makers. Forex market, despite its size, is highly manipulated by an elite few, & newbie Forex traders are considered "fair game" in the jungle of currency trading. Fortunately for us, volume is a huge give-away of the artful intentions of market makers, & traders could use this invaluable tool, to understand where the price is being taken next.Risk, Money Management & Trading Plan appears next in the book, & I highly recommend new traders to have an excellent grounding of these concepts, before stepping into accepting dangers that are lurking in the Forex market.The Psychology of Trading is next, & the importance of understanding the right mindset is so critical to trading success. Ultimately you are your worst enemy in the market, since as human beings, we have a natural tendency to exhibit "fight or flight" behaviour, which could be detrimental to your trading success.The book culminates with a real life trading example, which puts everything together, & takes the reader through a step by step process of researching, identifying, executing, managing & exiting a trade. This chapter is very well written, using simple language with clear chart illustrations that anybody can understand.I highly recommend this book, not only for new Forex traders, but also for seasoned traders, who are trading without using a powerful free indicator such as "Volume".