Hi there,
I justed wanted to collect some very good books for learning forex.
I now own "Trading for a living" by Alexander Elder and "Technical Analysis of the Financial Markets" by John J. Murphy.
Iam now searching for more books, which are good for learning forex.
Do you know some good ones?
Would you say that it is enough to read about on subject in only one book, or should i read about the subject in more books (for example trendlines, certain indicators).
Another question is whether i should read books specified on forex or books which are discussing the whole financial markets (stocks, futures, forex...), because i often see differences between e.g. stocks and forex, for example, rare gaps in forex, or no use of volume in forex. The reason i want to know this is, that i dont want to learn things which are normally e.g for stocks, which then apply to forex (which i nearly did with volume e.g.).
btw: John J. Murphy says that for constructing trendlines you have to include the whole bar, but Alexander Elder states that you should place the trendlines at congestion areas, this means at areas where most bars are. I will add a picture to illustrate. Iam now confused what is right. Do you know what other authors say and what in your opinion is more suggestive?
Some comments would be very nice.
Thank you!
-mike
I justed wanted to collect some very good books for learning forex.
I now own "Trading for a living" by Alexander Elder and "Technical Analysis of the Financial Markets" by John J. Murphy.
Iam now searching for more books, which are good for learning forex.
Do you know some good ones?
Would you say that it is enough to read about on subject in only one book, or should i read about the subject in more books (for example trendlines, certain indicators).
Another question is whether i should read books specified on forex or books which are discussing the whole financial markets (stocks, futures, forex...), because i often see differences between e.g. stocks and forex, for example, rare gaps in forex, or no use of volume in forex. The reason i want to know this is, that i dont want to learn things which are normally e.g for stocks, which then apply to forex (which i nearly did with volume e.g.).
btw: John J. Murphy says that for constructing trendlines you have to include the whole bar, but Alexander Elder states that you should place the trendlines at congestion areas, this means at areas where most bars are. I will add a picture to illustrate. Iam now confused what is right. Do you know what other authors say and what in your opinion is more suggestive?
Some comments would be very nice.
Thank you!
-mike
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I'm getting there ... slowly