Money-market

In 2000, when this edition was released, it most probably provided a fair introduction and overview to the global forex market, but not for individual traders.

However, its use to traders, especially individual traders is limited. Since 2000, there has been an almost explosive growth in the number of forex market-makers and brokers, catering to the individual traders, making it possible and very easy for the individual to trade forex on the inter-bank system. One can now start trading a mini forex account with only $300 !!

These critical new developments in the forex trade, are unfortunately not covered in Mr Luca's book - hence my call for a 3rd edition. The amount of information contained in the various broker's websites - inclusive of "How to" sections, "FAQs", tutorials, and other background information, pretty much contains most of the info presented in Mr Luca's book, with the exception of forward contracts and options.

The Technical Analysis information presented, is similar to the stock market, but not covered extensivley. So, if you already have that knowledge, you wouldn't need to purchase this book to start trading forex. If you need to acquire this knowledge, then I would suggest any one of the excellent in-depth books on the topic of technical analysis available. These books, even though written for the equities market, will give any prospective forex trader most of the knowledge he/she will need to start trading forex.

I found "Trading in the Global Currency Markets" really useful in general, and for the technical analysis ample coverage, in particular. While I had some basic understanding about about technicals before reading Luca's excellent book, I can now say that I am able to use most of these tools with a high degree of certainty. Luca's approach is very systematic, and I felt I added layers upon layers of understanding. I think that the book caters well not only to novices, but also to professionals like me, who need to brush up their knowledge.

"Trading in the Global Currency Markets" lands you smack in the middle of the currency markets and really makes you understand how all these FX traders maneuver money day in and day out. Due to the complexity of the subject I needed to take it easy, especially in the technical analysis sections. But I can now use the averages and MACD well enough to enter and exit successful FX transactions.

Superb investing book suited for beginners and intermediately experienced market investors. Complete chapters devoted to leverage and hedging. Well-written, Caes makes his points clearly, this is better than some books devoted only to options. Use this book and study options for free at cboe.com. Stock selection and gaining an overall market viewpoint also thoroughly covered. I have used strategies covered in Caes' "Tools of the Bear" book to turn $5,000 into $11,000 in two months by buying naked puts. Small typeface makes it mandatory to read his books under very good light. Do not hesitate to buy because they were written a while back, they are still very relevant. Better than many highly hyped market books of recent years. Buy it!

Finally, an Austrian School based model of the macroeconomy. Time and Money pulls free market theory together to show that capitol drives the economy and not government, as mainstream economic theories would lead us. Powerful yet easy to read and understand. Well worth your time and money.

For anyone interesting in Austrian macroeconomic theory, this is the book for you. (...)

Perhaps textbook writers will now incorporate capital-based macro in their products. This book makes a convincing case for integrating capital-based macro into mainstream again.