The Ed Ponsi Forex Playbook: Strategies and Trade Set-Ups (Wiley Trading) |  | Author: Ed Ponsi
Publisher: Wiley
Category: Book
List Price: $70.00
Buy New: $39.98
as of 7/31/2010 12:28 CDT details
You Save: $30.02 (43%)
New (9) Used (4) from $39.49
Seller: supermoviedeals
Rating:  5 reviews
Sales Rank: 41933
Media: Paperback
Pages: 222
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 10 x 7 x 0.6
ISBN: 0470509988
Dewey Decimal Number: 332.45
EAN: 9780470509982
ASIN: 0470509988
Publication Date: July 26, 2010 (New: This Week)
Availability: Usually ships in 1-2 business days
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Product Description
A practical guide to trading the foreign exchange market The Ed Ponsi Forex Playbook offers a visual approach to learning specific trading strategies and identifying profitable trading opportunities in the Forex arena. Page by page, it skillfully describes strategies for long-term trading, swing trading, and day trading in a clear, easy-to-understand manner. Written by the author of the hugely successful Forex Patterns and Probabilities, The Ed Ponsi Forex Playbook takes the entire concept of Forex education to a new level. The author raises the bar with this ambitious work, presenting fresh new strategies and concepts. Ponsi uses clever analogies and comparisons to make his explanations crystal clear. - With Ponsi as your "coach", the book employs sports analogies to show you, his players, the way to victory on the Forex playing field
- Strips away the mystery, showing exactly how successful Forex traders make money
- Explains complex financial concepts in ways that the average person can understand
- Provides not only useful information, but actionable information to the Forex trader
The foreign exchange market is the most actively traded market in the world, and Ed Ponsi is world-renowned as one of the foremost educators in this field. With The Ed Ponsi Forex Playbook as your guide, you'll learn how to take advantage of the many opportunities found in the Forex arena.
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| Customer Reviews:
 The Real Deal July 29, 2010
Ikayakbr
2 out of 2 found this review helpful
This might be the best book written on fx trading and maybe one of the best trading books period. The book changed the way I look at this market; it made me understand why so many traders fail and how to avoid their mistakes. In summary it presents a very logical, reasoned approach covering a broad variety of strategies and tactics, offering clear explanations and workable methods, a very nice job indeed. I haven't seen anything else quite like it.
An excellent book on forex July 31, 2010
Mark Kelly
This is an excellent guide on how to trade forex. It's an easy read, very funny in parts and contains a lot of good information that I haven't seen elsewhere. The author uses examples of trades to teach the reader his trading techniques in a very specific manner. This is a welcome change from most trading books on the market, which tend to offer general information only. I found the chapters that combined technical and fundamental analysis to be the most useful. This is also an excellent companion piece to the author's first book, Forex Patterns and Probabilities, he expands on some of the concepts taught there but this is a deeper work in comparison.
 Unfortunate Title July 23, 2010
Serendipity
2 out of 2 found this review helpful
I'm an Ed Ponsi fan. However, I think he may have inadvertently misled people with his choice of title and cover art. In particular, the subtitle -- Strategies and Trade Set-Ups -- along with the sports diagrams on the cover, imply that he's going to get down with some powerful set-ups and management techniques. The trade set-ups consist of trading off 10 and 20 day moving averages, and the management techniques consist of the option of adding to a winning trade when it retraces. Duh.
Furthermore, there is quite a lot of rank beginner stuff, for example, an explanation of currency pairs, pip value, lot size, etc. I don't have much patience with that sort of thing. There is plenty of introductory Forex material readily available, and I don't see why so many authors seem to feel the need to pad their books with what their readers already know. It's like buying a book on computer programming that contains detailed instructions on how to turn on the computer or what a hard drive is.
Oddly enough, in a book that explains pip value, there is a chapter on trading other people's money. I think he tried to be all things to all people, from those who started trading a demo last week to the guy who wants to start a hedge fund. I don't think it comes off very well, especially in a 200 page book.
The meat of the book -- the strategy -- consists of various sources of information that can give you a head's up on currency strength. We're talking the COT Report and such things, some which are not so widely known by intermediate level traders. It's good information to have. It wasn't what I was expecting, though. And of course, it's still a crap-shoot. Was the crowd right, or was the crowd wrong? It's the same old question with the same old answer: buy your ticket and take your chances.
The take-away is that Ed feels the real money is in long-term trading as opposed to day-trading. Certainly if you are trading moving averages, you need to let your profits run. Personally, I hate trading moving averages -- or anything that wiggles, for that matter -- and no day will dawn when I'm willing to eat a 100 pip stop.
Buy the book anyway. There are useful and important nuggets and the book is worth the money. Just don't expect trade set-ups that you haven't heard about a hundred times before.
OK July 24, 2010
Roland Mucha (Toronto, CANADA)
The book was full of information. But like the other reviewer said, it was information most average trader already knows. I know that Ed means well and he must of put a lot of effort to write his book, which is not that bad, but I just wish someone would write a book on how they became successful at forex trading in todays market without having a Phd or being a guru. The closest I've got so far was a book by J.J. Glenellis "Survive and Prosper in the Great Depression of 2009-2012". It's not perfect, but it's the best for the average trader. I'm starting to get the feeling that every forex (and stock) book was written by a person that could not make a lot of money trading so they wrote a book. Where is the guy or girl that makes $1,000,000.00 every year? Show us how you do it and write a book.
 another trading book with "charts" July 22, 2010
parviz deyhim
1 out of 3 found this review helpful
pre-ordered this book, got it last night and I'm already regretting paying for it. It's just another book with some awful suggestions and analysis. Its simply another trading book with bunch of charts where the author tells you where the support the resistance is.
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