Troy Noonan

"Forex Trading QuickStart Guide" by Troy Noonan serves as a comprehensive roadmap for both novice and experienced traders venturing into the complex world of foreign exchange markets. Drawing from his extensive experience, Noonan offers practical insights and proven strategies to navigate the challenges and opportunities of forex trading. The book covers essential topics such as technical and fundamental analysis, chart interpretation, and the psychological aspects of trading, providing readers with a well-rounded understanding of the forex market dynamics.

One of the book's strengths lies in its ability to distill complex concepts into digestible information, making it accessible to readers at all skill levels. Noonan's inclusion of real-life trading experiences, including both successes and failures, adds authenticity and relatability to the text, allowing readers to learn from his firsthand encounters. Whether readers are looking to enter the forex market for the first time or seeking to enhance their existing trading strategies, "Forex Trading QuickStart Guide" equips them with the knowledge and tools needed to make informed decisions and navigate the intricacies of currency trading.… (mehr)

I am no novice when it comes to Forex trading as I have been involved with this venture for years. So in picking up Troy Noonan's copy to introduce one to the topic I came filled with many thoughts and experiences. Troy addresses nearly everything the new trader would encounter in discovering what it's all about and I have to say he does an excellent job in doing it right. Right from the start.

Any financial investment undertaking is not easy. Much to learn and many hot stoves to encounter. Forex is right up there on the top of the list for this. It is fairly easy to set up an account and plunge in and fairly easy to get burned if one is not planted with feet firmly on the ground. Troy explains things in a way so a newbee can avoid the missteps and crashes that so nearly all will face.

He gives a through explanation of what Forex is about as well as the brokers you will encounter and the various platforms to trade with. He then takes you step by step in the proper way to organize, plan, and execute trades with baby steps to learn the good habits to get down first, unlike most who plunge in head first.

I had the e-edition and I think the physical copy would be an easier format to page back and forth with and study. But the e-edition will still get he job none.

My advice, get the book read it, study it, read it again. You will be eons ahead of those who try to figure it out on their own or start on with one of the many sources out there that are not so wise.… (mehr)

Noonan’s book on Forex trading is a good starter’s guide. It gives basic and essential information on how to select a broker, set up an account, and start making simulated trades to get the hang of risking real funds in these markets. Forex trading is a bit different than trading equities. For one, there are no company fundamentals and quarterly reports to keep track of. It seems to be more purely suited to technical trading and that is clearly Noonan’s favored trading approach, following moving average indicators to time momentum price swings. Tthe chapters included on technical trading would merit reading more than once for someone not already familiar with the terminology. Technical trading can be complicated. These were the least asset-specific pieces of content and seem like they could have been repurposed from a book on technical trading of equities. Noonan does include a big picture overview of how currency prices are affected by macro economic events, but one wonders why given that the trading approaches described are clearly technical and almost without any view to underlying market or geo-political events.

That said, the writing is wonderfully clear. I was surprised at how easy it was to follow the explanations provided in every chapter. The book is nicely formatted with an able use of graphics in most chapters that highlight key notes and chapter summary points. And readers get access to some free analysis tools developed by Noonan for tracking and analyzing trades.

One of the most interesting ideas he presents is that Forex traders can work in a snapshot trading window, basically a defined block of time, e.g. between 6-8pm (forex markets are open around the clock), and trade when it fits one’s schedule. He shows how to use certain technical price indicators to look for a trade to set up and exploit during the window. It’s something I want to try - after I spend more time learning the technical approach.… (mehr)