The fx bootcamp guide to strategic and tactical forex trading by wayne mcdonell pdf

Synopsis This is a straightforward guide to trading today's dynamic Forex market.

Readers will then learn how to focus on using this information to create a tactical trading plan - one that will help them pull the trigger to get in and out of a trade. From the Back Cover In The Art of War , renowned military strategist Sun Tzu states, "The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand. Respected in the Forex industry as a successful trainer, McDonell is a regular speaker at major investing conferences and expos in Asia, Europe, and America.

His videos are syndicated around the world on outlets including Forex Television, FXstreet.

His live trading Webinars have attracted up to 1, traders each. Read more. Customer reviews. How are ratings calculated?

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Top reviews Most recent Top reviews. Top reviews from United Kingdom. There was a problem filtering reviews right now. Please try again later. Verified Purchase. There is some useful information in this book which covers fundamental and technical analysis of the FX markets, however it is let down by bad structure and errors. I get the impression that this book has been thrown together in a couple of hours with little or no proof reading. The structure is disjointed, for example part one covers technical analysis, part two covers fundamentals carry trades, the fed etc , part three covers technical then fundamental then technical analysis again.

I would expect the book to be structured along the lines of: how the market works, fundamental and technical background, trading strategies. Most other books seem to follow this structure. Unfortunately the book is littered with errors, mostly relating to the accompanying charts and diagrams. For example in chapter 8 the author cites three charts: figure 8. In summary there are much better books on the market, and sites like babypips. I liked this book and the advice offered but the diagrams are absolutely shocking, you can't see what is going on to actually learn from the points being put over.

For me it seemed like a lot of indicators on one chart so I was surprised as I didn't really expect that from a pro trader, it's usually all about support and resistance etc not bollinger bands so interesting to see someone using standard indicators in their teaching.

Overall I enjoyed the book and what was offered with a great overview on both technical and fundamental analysis. Excellent insight into Forex markets from from someone who actually trades not the usual theoretical jargon. Used this as a 'go to' book and eventually managed to make money in the forex markets. The overall theme is spot on. There are no magical indicators or systems and a lot of hard word is required. For those who are willing to put in the work to become a successful and consistent trader from a macro perspective, this book is for you!

This book has been a game changer and I highly recommend this book. Informative, easy to understand - its down to the reader to implement the blueprint. I cannot stress how much this book has helped me. I am a novice trader trying to make out any sense of forex trading from online reads but had no grasp idea on how to trade until I read this book.

I also bought forex for dummies but it was a little more complicated, I will read it again after I have finished this one. The diagrams are poor indeed and there is no way you can make sense any out of them but it provides a good idea on 1 how to identify when the market is trending and what tools you should use when it is and it isn't!! Again, I have to say I am a novice trader this is why I find all these helpful because all you read online is to use some strategy but noone tells you why to use THESE indicators and what their moves mean!

The book doesn't go in depth in any of the points discussed but I find it to be introductory anyway, so if you already are familiar with the former skip it and find an intermediate level book. If however you are trying to make any sense of the forex market like I am this is definately worth reading. He simplifies difficult subject matter and gives examples to increase understanding.

You should know some basics before reading this book, like what a Pip is. I got this book because I watch Wayne everyday on YouTube. Worth it if you follow him. I'm not new to investing but am a beginner learning day trading and the forex market. I've read several books before this one and have learned quite a bit. This book, however, glosses over important, complicated indicators like Fibonacci retracements and pivot points.

My biggest beef with this book are the graphics. The charts are small, dark, unreadable and generally unlabeled.

Not useful for illustrating any points. My favorite is the candlestick section where he refers to green and red bars in the chart shown -- which is black and white "in Figure The content jumps around between fundamentals, psychology and technical analysis so it's hard to follow. There are many typos and grammatical errors in this book. On one page describing stochastic oscillators, he says "The bottom line is placed at the 25 percent level. The bottom line is placed at the 75 percent level.

These kind of mistakes confuse beginners!! I bought this book based on the great reviews. I've been reading Ed Ponsi's books great reading for forex and because of the words "strategic" and "tactical" in the title I thought this book had some real substance. This book is very much for beginners with little or no knowledge of any sort of investing.

Also they use the charts in the book to illustrate what they are saying however the charts are a joke. They are all cluttered with so many price indicators all in black and white so you can't distinguish one line from another. If you want to make a point about momentum and use a moving average crossover to try and illustrate that point then just show those lines and clean up the other 5 so it can be seen and understood.

The points made in this book are lost in the chart illustrations. There are also plenty of references to their expensive training web site which after reading this book I would steer clear of. Worth the effort. Bought for my hubby. See all reviews. Top reviews from other countries. Translate all reviews to English. There is some useful information in this book which covers fundamental and technical analysis of the FX markets, however it is let down by bad structure and errors. I get the impression that this book has been thrown together in a couple of hours with little or no proof reading.

The structure is disjointed, for example part one covers technical analysis, part two covers fundamentals carry trades, the fed etc , part three covers technical then fundamental then technical analysis again. I would expect the book to be structured along the lines of: how the market works, fundamental and technical background, trading strategies. Most other books seem to follow this structure.

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Unfortunately the book is littered with errors, mostly relating to the accompanying charts and diagrams. For example in chapter 8 the author cites three charts: figure 8. In summary there are much better books on the market, and sites like babypips. I liked this book and the advice offered but the diagrams are absolutely shocking, you can't see what is going on to actually learn from the points being put over.