The Black Book of Forex Trading: A Proven Method to Become a Profitable Trader in Four Months and Reach Your Financial Freedom by Doing it

I stumbled upon this book by chance. I am so glad I bought it. Paul Langer writes about what you need to get started, stay on track and be successful in Forex trading. Please don't let the small size of the book fool you. It is a small powerful book. It really packs a punch. In the book, Paul Langer teaches how to trade Forex in a no nonsense style. Very quickly, it became clear to me that I will have to drop my bad trading habits (too many lots, forcing trades etc) to be successful. If you don't have time to read a lot of books, this book is for you. If you are looking for a book without fluff, this book is for you. If you have bad trading habits and need help, this book is for you. If you want to read just what you need to learn how to trade Forex, this book is for you. If you want excellent advice from a trader who made the same trading mistakes you are currently making, buy the book. If you are looking for simple setups that are easy to understand and implement, buy the book. I bought many expensive Forex books that delivered only marginally what was promised. This book is different. It is better than many expensive books that I purchased in the past. Buy it and read it fully before forming an opinion. You won’t be disappointed.

Nice book for a trader with a decent level of knowledge. Sound advice about risk management and setting a trading strategy. Not for the beginner, but a quick and easy read. I will come back to later once I have a fuller grasp of the foundations of trading. Many surprising typos for a published book in my opinion, could use a new edit.

I bought this forex book. Because I wanted to get different perspectives about trading. Paul Langer exp!ains it well very Easy to Learn. He does not get into too much technical details. This book would be good for a beginner with a few months of experience or a season trader.

Very instructive and useful for newbies at the Forex World.

Several reviews have put it something like this: "It's a good book for beginners but nothing new." And that's exactly its beauty. I've been studying price action in many markets and writing computer simulation analysis for over 30 years. You know what I've learned from all that? Just what Langer has to say: keep it simple, be consistent, and think about what you're doing. Since I've bought the book, I've read it three times, and each time I get just a little more from it. That's the mark of art. My own trading started out way too complex. It had too! I'm a software engineer with a B.S. in physics so complexity is in my veins. However, I've also spent 48 years in the martial arts where we learn that all of the complexity of the nature around us is the result of very simple things interacting together to form that complexity. Langer is just saying to keep it simple. For those who gave bad reviews on this book, how's your complex trading going?

I thought it was a good book, I’m fairly new to forex trading. I did all my research through YouTube but all the traders would only reveal their support and resistance strategy, which is fine but it just didn’t resonate with me. After reading this book, there was 1 strategy that really made sense for me and it helped me better understand how to create one for myself.

The part of the book I liked best was his conservative plan for building up an account without putting a huge amount of money at risk. What I was most disappointed in was the correlation between the text explaining an engulfing candle stick and the charts that were supposed to illustrate how to recognize the market entry points via the engulfing candles. I never was able to see why he chose the particular engulfing candlesticks that he picked out of numerous other ones appearing in the charts.

Easy reading , to the point , useful realistic information. Good strategy and simple and easy to use for trading.

Son conceptos básicos que hay que tomar en cuenta para ser exitoso en el mundo del trading, muy recomendable y sencillo

Great book to read for a clarity of doing trading..Simple things can generate tons of money in trading

This book has been a Godsend for me in terms of my Forex trading. I have purchased dozens of books that cover the broad spectrum of Forex Trading, the various methods of trading, the history as well as an in-depth analysis of various market conditions and how best to succeed in the markets but none have been as simple and straightforward as this. Now for the inevitable contradiction in my words, it is masterful in its simplicity. Paul Langer writes from the perspective of a trader who still remembers what it was like to face into what might seem to be an overwhelming learning curve for anyone wishing to start trading. There are hundreds of other books out there that go into great detail all the history of the Forex market, explaining each facet of Forex trading – from pip to Fibonacci and so forth. Forex trading is by no means easy yet after a point it can come to feel that once you have your own strategy and plan in place. What this book is is the author telling his story, how and why he first failed and most importantly how he turned it around and became a success. Paul Langer takes the reader’s hand on this journey, whether you have just started or are already underway, and he tells a story, offers advice like a wise old man might do to a younger man, and he guides the reader in finding their own path. I might sound like I am making the author out to be some Yoda like figure but he himself would argue against that and in this book he details his mistakes in the past, how he learned from them and how he turned this around to become successful. What this book is is advice from someone who learned the hard way and the author comes across as very genuine in his wishes to help others avoid falling into the pitfalls so common for new traders. Initially I just purchased this book because I thought, “why not”, it was far cheaper than other forex books and at least I might gain the perspective of someone who is further along the road than me. I got that and so much more. Paul has a firm understanding of Swing Trading (and all other strategies but my focus was on swing trading) that has helped me re-align my trading strategy to incorporate swing trading that better suits my circumstances and with much better results. Upon reaching the end of his book he details a blog he regularly contributes to that I will be completely honest I never looked at until a few weeks later but boy oh boy is it a fountain of information and he provides free. The author details for is need to succeed at Forex Trading. To succeed, we must have this plan, as the author puts it. I know that sounds obvious, far too simple but he details the step by step aspects of what a trader needs to consider before ever making a trade. Particularly if they want to create their own successful trading plan. He details how we must always carefully execute our plan whether we are winning or losing. Because the moment we stray from this plan, that's the moment we may also lose the battle. Paul uses Napoleon Bonaparte as an analogy to describe this and it is very fitting for anyone who knows their history. The author stresses the need for a detailed plan – the stop loss, your position size, the strategy, your emotional state and much more, and all tailored with his guidance to suit your circumstances. Before ever trading Paul explains the reasons for and challenges the readers to create their own plan using the knowledge he outlines his own with so they, the reader, can succeed in a market that takes no prisoners. In particularly he seems to champion the Swing Trade Price Action method but I think it is more the case that he lays bare his own strategy to show us it can be done. I can’t fault the results I have seen from it, hence the 5 stars. I cannot recommend this book enough to anyone who wishes to learn and grow as a trader. The author does not claim to be the final say on trading but his shared experience and knowledge is what all Forex traders have at one point wished they had. That is to say that at one point didn’t we all just wish that an experienced and successful trader would tell us how to do it. Well the author is such an experienced trader who is taking time out to help others by not claiming to be the man with the final answer but the teacher who will help you find your own that will suit your circumstances and will help you succeed through your own drive. If you were to ask me to give criticisms for this book I can only fault it on 2 things. Firstly, there are a few typos and secondly, that the book is so condensed. The second criticism is more a case that I wanted more, to learn more, to pick his brain with a million questions that all novice/intermediate traders have for successful traders but here in this book the author has kept it simple, has laid out before us all a true gem of wisdom from an experienced trader – knowledge and wisdom that only an experienced trader could give. To anyone reading this I say give it a shot. You won’t be disappointed.

Find it to be very easy to read. It's very nice for beginners who are looking to avoid some mistakes when starting in Forex.

The book explain simple pattern but Paul tell you when and where use it. Initially i thought this book is nothing special but then when i tryied to put the concepts in my charts, my eyes was opened. I'm just trying in demo account the strategies. At the moment i'm already earning demo money in futures trading!!! YEs the strategies seems to be good also for index futures. Thanks also for your story Paul, during the reading, I was thinking this is my story......all the best, Ivan