Tuesday, November 11, 2008

ForexDiva's List of Investing Books You Should Never Own

There are so many good books on investing and forex trading. I am not going to recommend any. Do your homework and research some titles in your spare time.

I now must own about 20 or 30 books on investing and I would like to point out the few that are so useless that they should never have even been published. One should never, ever buy these books if it could be avoided.

1. Brian McAboy's The Subtle Trap of Trading: Why So Many Smart People Don't Make Money Trading, And How To Get On The Right Track In Less Than Two Hours. Yes, this ForexDiva actually bought this terrible book and regretted it terribly ever since. Basically, this is a book that makes unhelpful generalizations about trading without providing any meaningful detail on improving your trading skills. It is used by the author as a marketing platform that tries to sell the reader even more useless stuff. If you're smart, avoid this subtle trap by all means.
2. Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns by I. R. Toshchakov. This book is not very well written, with lots of grammatical errors. Therefore, it was immensely difficult to finish reading it (and therefore I didn't). Moreover, the information contained in it could easily be found in other books or available for free on other online blogs. I am, however, going to attempt reading it one of these days for the third time to see if any of the material resonates. And if it does, I'll be posting it here.
3. Currency Trading for Dummies by Mark Galant and Brian Dolan. You know I find Brian Dolan to be one of the cutest guys on Wall Street, but I just think he could have done a better job with this one. And usually, the stuff that Brian Dolan publishes is high quality content that is right on the mark. This book's gotten some pretty good reviews, but again, most of the information could be found for free on the Internet, so I was very disappointed.

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