One could call Technical Analysis of the Currency Market by Boris Schlossberg a pure technical analysis book, but it wouldn’t be a completely correct definition. The book also talks about the psychology of trading and risk management; an introduction to the Forex market (FX 101 chapter) is also made for the very new traders. My overall feeling after reading this book is rather mixed — of course, it gives a lot of insights regarding technical analysis and entry/exit strategies that can be used by Forex traders, but it’s also quite biased and suggests very dangerous (in terms of risk/reward) systems.
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I can’t say that I’ve really enjoyed reading Technical Analysis of the Currency Market. It has a lot of things that I don’t agree with and also lists a lot of data (strategies mostly), which I am not interested in. In spite of these facts, I can assure you that it’s not a bad trading book and had the following advantages:
Yes, Boris Schlossberg does a great job with this book, but I probably wouldn’t read it again if I was to return back in time. Even without considering the fact that I knew almost 90% of information covered there, it still has some disadvantages:
To conclude the review I must say that Technical Analysis of the Currency Market is a great introduction to the technical analysis and can be a good book for the Forex trader’s education, but you shouldn’t limit your study to this book — it’s almost useless (and even somewhat dangerous) if being relied upon as the only book. Some other books on trading would be really helpful after or before reading this one.
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