I highly recommend Ashraf Laidi's economics book!

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Old Feb 6, 2010, 3:16pm   #1
Joined Feb 2010
I highly recommend Ashraf Laidi's economics book!

don't think just buy it, expand your trading to more than just 'pin bars'.
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Old Feb 9, 2010, 2:43am   #2
 
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Re: I highly recommend Ashraf Laidi's economics book!

I don't know about "don't think", but yes, it's a good buy.
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Old Feb 9, 2010, 6:50pm   #3
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Re: I highly recommend Ashraf Laidi's economics book!

FXTrend240 started this thread lol, sorry. Just i think people tend to forget what 'price' on a forex chart is: an exchange rate and i'd rather understand what generally tends to move it. Most don't want to learn 'funnymentals' because it's kind of hard and they'd rather waste time looking for magic formulae or just ignore fundamentals althogether-that attitude will probably lose in the long run, the least one could do is not trade near news .
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Old Apr 3, 2010, 6:56pm   #4
Joined Sep 2006
Re: I highly recommend Ashraf Laidi's economics book!

Dear Sir,

Have you developed a strategy based on this book?
A Trading Action Plan?

Have you then backtested your trading strategy over the past 5 - 10yrs

If so, what are the results.. and then based on this, i will look to purchase the book.

Kind Regard,
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Old Apr 4, 2010, 1:51am   #5
Joined Feb 2010
Re: I highly recommend Ashraf Laidi's economics book!

FXTrend240 started this thread
Quote:
Originally Posted by rkhan786 View Post
Dear Sir,

Have you developed a strategy based on this book?
A Trading Action Plan? no

Have you then backtested your trading strategy over the past 5 - 10yrs no

If so, what are the results.. and then based on this, i will look to purchase the book.

Kind Regard,
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Old Apr 4, 2010, 9:29am   #6
Joined Sep 2006
Re: I highly recommend Ashraf Laidi's economics book!

Tell me what your system is?
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Old Apr 4, 2010, 2:16pm   #7
 
montmorencyt2w's Avatar
Joined May 2008
Re: I highly recommend Ashraf Laidi's economics book!

Quote:
Originally Posted by rkhan786 View Post
Dear Sir,

Have you developed a strategy based on this book?
A Trading Action Plan?

Have you then backtested your trading strategy over the past 5 - 10yrs

If so, what are the results.. and then based on this, i will look to purchase the book.

Kind Regard,
You need 5-10 years of (some-else's) back-testing to decide whether or not to buy a £30 book? Either buy it yourself and see, and/or check out the loads of free information on his website and tweets.

It's not a book about trading in the normal sense. It is about trying to convey the interrelationships between the various currencies, stocks, bonds and the key commodities. It is then up to you what you do with that information. You have to observe, think, read, learn.


Back-testing is for chiropracters and osteopaths.
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Mike
--
Still learning my trade.

Just because it worked, it doesn't mean that it works.
Think of losing trades as your training fees.
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Old Apr 4, 2010, 3:50pm   #8
Joined Sep 2006
Re: I highly recommend Ashraf Laidi's economics book!

You Obiousyl don't trade for a living do you.

I trade for a living my friend. All i do is trade, and i never trade a system without valid backtested results to prove the system.

Your here promoting a trading system at the end of the day. If the book cannot be translated into an Action Plan, a Trading System, then is useless for trading.. then its mere entertainment.

Dont let all the theory get in the way, thats why Uni Economics Lecturer's dont trade for a living.. all that knowledge, but have no idea how to turn it into a profitable system

Learn to approach everything as if you were trading for a living.

I'm not saying this book is good or bad, but i need to know if after i read it, can i get from it an Exact Trading Plan, what to look for, and what action to take.

Otherwise to me its useless, because then it cannot become part of my trading plan.
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