I have mixed feelings about Forex Confidante by Tom Strigano...
Here's why...
It's tough to really make out who this book is for...
On one hand it starts off with fairly basic concepts, then shifts very quickly into some pretty complex concepts.
For example...
It starts off with the normal stuff like:
* the basics of how the forex market works,
* a glimpse into who you're up against
* how bid/ask works
* basic technical analysis
* averaging into positions
* trading rules
* why trade technically
* money management
That's when things get interesting...
He starts getting into how to draw trendlines...
Now I know the idea of trendlines is pretty "basic"... but I have to say I've never seen anyone draw trendlines like he has before...
He introduces a few concepts that put together some very interesting ways to work with trendlines and support and resistance.
But here's the problem...
I don't know whether it's on purpose, or because he's so versed in the subject, he packs A LOT of information into a very short explanation.
I've read through the last 25 pages at least 3 times now, and while I constantly get new ideas, I'm still trying to nail down exactly what he's getting at.
That is both a criticism and compliment to the material...
I get the impression that this book was written by someone who knows what they're doing... but doesn't necessarily have the ability to teach that information well...
That said, the gold nuggets ARE IN THERE, just not laid out for the taking.
All in all, I think he is sharing information from the real world of trading and anyone who takes the effort to understand his material will gain some solid concepts. |
