Product DescriptionAs head FX strategist at CMC Markets–one of the world’s leading forex/commodity brokers–Ashraf Laidi understands the forces shaping today’s currency market and their interplay with interest rates, equities, and commodities. And now, with Currency Trading and Intermarket Analysis, he shares his extensive experiences in this field with you. Throughout the book, Laidi outlines the tools needed to understand the macroeconomic and financial nuances of this dynamic field and provides you with insights that are essential to making the most of your time within it.
Great Book. The ability to think independently, and to see the outliers, not the current fads, is what makes his analysis so valuable. When is the next volume coming out!?
Rating: 5 / 5
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In short, as a pro FX trader, I find this book not helpful at all. Quoting last paragraph on pg190, “The causality between a falling dollar and rising oil has resurfaced just as it did at the turn of the decade. Besides the oil driven element of a weak dollar, this time the greenback is in the midst of a prolonged down cycle, dogged by the simultaneous existence of credible alternatives for currencies and yield. The lessons yet to be recognized and the opportunities have yet to unfold. ” Basically you can replace “oil” above with any commodities or currencies you like, and the logic still works. For sure the author failed to forecast the sharp rise of USD after the Lehman/AIG collapse in Aug 2008 when he published this book in Oct 2008. Pathetic! But of course, as FX is a negative sum game, the more the losers longing for explanation and causality, the better for my trading.
Rating: 2 / 5
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Ashraf Laidi is amazing at reading the financial markets, with an emphasis on currency markets. This book offers an easy to read and understand guide to PROFITING from trading on the forex. Also, it’s not encyclopedia-size like a lot of market analysis books, so you won’t buy it and be afraid to open it. The correlations between markets that Ashraf identifies in the book are almost unbelievable. You’ll see how he finds perfect trends between currencies and oil, gold, the VIX, interest rates, other currencies, etc. , which allows for effective decision making in trading. The charts are amazing and easy to read (there are lots of them so you won’t just be looking at words), and show direct relationships to forex rates. I actually couldn’t believe that he could find almost perfect correlations (you’ll see what I mean when you look at the charts), but the man is brilliant, so I’m no longer surprised. I’m very new to currency trading and already making money, skipped the 6-month practice account some recommend. Get in now while the market is hot. I suggest you buy 2 books and read them both. Thanks for making currency trading interesting, understandable, and profitable for me Ashraf! By the way, I have absolutely no financial interest in books that Ashraf sells. I know about him from business network interviews. – All the best – Rob (New York)
Rating: 5 / 5
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By the time you finish reading this book you will get the sight of how the forex, the commodities and the equity markets move as the world is changing. If you still did not get the sight, read it again! I had to review a few chapters for a 2nd time to fully understand what is going on out there!!! I finished reading the book in mid March 2009 and right after that I was able to make the right trading and investing decisions which now I fully understand.
I also recommend that you read the daily comments of the author on the web because it is difficult to keep an eye on what is happening everyday.
Mr. Laidi is indeed a forex GURU.
Thank you Mr. Laidi.
Rating: 5 / 5
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Ashraf Laidi does an excellent job in this book of explaining intermarket relationships between the forex, commodities, equities and interest rate markets. His writing style is clear, concise, and very readable. If you are an active trader or investor in any of these markets this book is a must read.
Rating: 5 / 5
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