The Bull, The Bear, and The Baboon: FX Lessons Learned the Hard Way by Winsor Hoang

Summary: Honest account of what can happen to people if they learned about forex trading from the wrong sources. The writing style is a bit dry but last few chapters get better.

Review

Disclosure: This book is one of the newer books sent to me for review.

The book is a series of stories carried by a fictitious figure Harry who was a stock broker turned forex trainer. The book is goal driven, meaning that it ends each chapter with lessons learned and things to remember. This writing style is quite awkward for a book written for traders.

It feels like those old textbooks written for kids in junior school with the sole purpose of teaching them whatever lessons where the carrying stories are dry and boring.

The most interesting thing is that it turns out one of the main characters is Mr. Hoang himself. No, he is not the evil stock broker Harry. And one of the other students of Harry in the book turns out to be Mr. Hoang’s business partner right now. Thus it is reasonable to believe some of the stories in the book are based on real people.

I can see how the approach of the book can work. If one of the stories strike a chord with the readers because they have similar life experience like one of the victims in the book, they will be more interested in reading the rest of the books to see if they can learn more.

Some of the stories, especially the last few ones, are more interesting than the first half of the book. Maybe it is just me. I find it very difficult to not stop reading the book. Maybe it is just the style of the book that turns me off.

Overall the book is a pretty honest account of what people may experience if they choose to trade forex with no prior experience. Some people will succeed and most of the others will not.

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