Forex Trading for Maximum Profit

Ragee Horner’s book, Forex Trading for Maximum Profit, is a good choice for any novice interested in the forex market.

Horner’s book is divided into three general sections, the first of which explains forex market basics. For newcomers, these first 30 pages are the best part of the book. Horner dispels the notion that forex is exceptionally complicated and risky and lays the groundwork for exploring the market further.

The second section of the book delves into a subject matter you’d find in most trading books technical tools. Fortunately, Horner shies away from writing a laundry list of different technical indicators and instead focuses on the ones she uses herself. If discussions of Fibonacci analysis or the CCI make your eyes cross, Horner’s clear explanations should leave you with the understanding they are not as complicated as you once thought.

The book’s third and largest section addresses Horner’s mindset and approach to trading. Horner covers everything from building a trade to stop-losses and how a trade can go astray; she even discusses how to place orders in a forex brokerage account. These are topics many trading books address, but few do as good a job at framing this information from a personal point of view. After reading the book, you get a true sense of Horner’s thought process as she goes through the trading day.

A multimedia DVD that comes with the book covers the technical indicators Horner uses (a helpful bonus given the small size of the book’s chart examples). It gives you a better sense of what these indicators look like, and Horner’s commentary provides more insight into how she uses them.

Forex Trading for Maximum Profit is a good book, particularly as a departure point for people beginning to investigate the forex market. The writing is concise and easy to understand. You get the feeling you’re in a discussion with a regular person rather than listening to a lecture. It’s a good place for new forex traders to start their research.