Currencies and Forex: Laidi and Dolan

Trader's Library #41 · Trading methods and craft. Currencies as part of the market picture: from the basics to intermarket analysis.

Author: Ashraf Laidi, Brian Dolan · Original: Currency Trading and Intermarket Analysis; Currency Trading for Dummies; Forex for Dummies · Year: 2008 · Usefulness for traders: ★★☆☆☆

What it's about

Laidi's “Currency Trading and Intermarket Analysis” describes the relationships between currencies, gold, oil, bonds and stocks. Dolan's two “For Dummies” books are introductions to the currency market.

What it gives a trader

For an index trader the useful part is Laidi's on intermarket relationships: how the dollar, bond yields and commodities affect risk appetite. Dolan's books cover forex basics.

Lessons for traders

• markets are connected: the dollar, bonds and stocks influence each other
• correlations change; they aren't laws (illusory correlation, Atlas of biases #10)
• the currency market reacts to interest rates and expectations

What to watch out for

Intermarket relationships changed after 2008. The For Dummies books are very basic.

Discussion

The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →

Navigation

← #040 Mark Shipman: The Next Big Investment Boom and Big Money Little Effort · Library index · #042 John J. Murphy: Technical Analysis of the Financial Markets →

Educational content, not investment advice. The book description is my own summary and assessment, not quotations. Edition details were checked in catalogues and bookshops, and where there was doubt I said so plainly.