Question by garden_snake99: What guide is a must examine for an aspiring foreign exchange trader?
I’d like to know what guides you would advise to somebody who would like to make it in the fx business. I’d love to understand from knowledgeable traders conversing about their struggles in this extremely challenging market.
Greatest solution:
Answer by jsforex.blogspot.com
there is not a single guide that will provide miracles to your investing. You will have to study a number of textbooks, build your own idea on how you can make funds buying and selling forex, and practice.
Some books that have assisted:
- outside of candlesticks
- the psychological sport of baseball
great luck!
What do you consider? Solution under!
June 14th, 2011 at 2:24 pm
I liked Jesse Livermore’s The World Greatest Stock Trader. Other good ones are like ‘Mastering the Trade’ and ‘Trade Your Way to Financial Freedom’.
You can see more at this list.
http://swanlin.googlepages.com/forexbookstoread
June 14th, 2011 at 2:33 pm
According to ezinearticles.com These are 6 books that all forex traders should carry along with them:
1. Market Wizards – Jack Schwager
This is a compilation of interviews about people who make a living through currency trading.
2. The New Market Wizards – Jack Schwager
A continuation of interviews derived from Schwager’s great interview techniques just like Market Wizards.
3. Trader Vic–Methods of a Wall Street Master – Victor Sperandeo
Known for his “2B” test technique, Sperandeo’s book is definitely one of my favorites.
4. The Zurich Axioms: Investment Secrets of the Swiss Bankers – Max Günter
This a definite hit in the foreign exchange library. It is easy to read and you’ll feel your adrenalin pumping at every page.
5. What I Learned Losing a Million Dollars – Jim Paul and Brendan Moynihan
This is an inspiring story of a person who lost a million and a half and tells his tale, with great insights, including even his contemplating suicide.
6. Technical Analysis – by Jack Schwager
I found this a great reference book about everything that has to do about technical analysis.
I haven’t read all of thesejust some, but personnaly I learned most about forex trading by reading in forums, this is where you get a lot of feedback when you don’t get it.
June 14th, 2011 at 3:00 pm
there is not one book that will make you successful trader!
only your personal experience, talent and self-control!
June 14th, 2011 at 3:55 pm
There are a lot of books you can read. Just look up ‘forex’ on Amazon and read the ratings of the books. I like:
- Trade with Passion and Purpose (Whistler)
- Forex Patterns and Probabilities (Ponsi)
- Day Trading the Forex Market (Lien)
- Beat the Odds in Forex (Toshchakov)
and yes, you must read The Market Wizards by Schwager.
You should also test all strategies you read about:
http://hbhawaii.com/forex-back-testing/
Good Luck!!
June 14th, 2011 at 4:10 pm
There are a lot of books out there that can help with any kind of investing. But it’s not always about reading. With most things, practice is what really counts. When I started my first business years ago, I didn’t know much about it. I read a couple books, but they just filled my head with half-cooked ideas. Once I started working on my business every day, I learned a lot. It’s all in getting “hands on” experience.
Try opening a demo account. Then, when you read something that sounds interesting – go to your demo account and give it a try. See if you can make the principles work for you. That’s the only way you will ever really become successful at trading anything, Forex included.
June 14th, 2011 at 4:21 pm
Hi there,
You can find it here:
http://www.earnforex.com./forex_e-books/trading_strategy/
Hope this link finds helpful.
June 14th, 2011 at 5:00 pm
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June 14th, 2011 at 5:16 pm
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