Dear all successful traders, I have a question on which book to read first. I am quite a slow reader. I usually use approximately 5-6 months to complete a book and therefore I want to know which time should I invest in first. These 3 books that I shortlisted are below:-
- Japanese Candlestick Charting Techniques by Steve Nison
- Trend Following: Learn to Make Millions in Up or Down Markets by Michael W. Covel
- Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves by Kathy Lien
I know someone might ask me to ready on psychologies book first. Well, I had read Trading in the Zone by Mark Douglas.
The reason for me shortlist Japanese Candlestick Charting Techniques is because I read a lot from forum posts of someone already successful that we should concentrate only on Japanese Candlestick and throw away all other indicators.
The reason for me shortlist Trend Following is because I read from Market Wizards that we should let our profits run. In fact letting profits run is as important as cutting lose fast. Not easy for me and I hope this book can help me to identify which system should I go or how to create my own system based on these ideas.
The reason for me shortlist Day Trading and Swing Trading the Currency Market is because I heard Kathy is quite good about fundamental analysis. I believe I need both technical and fundamental analysis to be good at trading. But I really don't know much about fundamental analysis.
I hope someone that had read these 3 books can suggest me which book should I go first.
Thanks in advance.
- Japanese Candlestick Charting Techniques by Steve Nison
- Trend Following: Learn to Make Millions in Up or Down Markets by Michael W. Covel
- Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves by Kathy Lien
I know someone might ask me to ready on psychologies book first. Well, I had read Trading in the Zone by Mark Douglas.
The reason for me shortlist Japanese Candlestick Charting Techniques is because I read a lot from forum posts of someone already successful that we should concentrate only on Japanese Candlestick and throw away all other indicators.
The reason for me shortlist Trend Following is because I read from Market Wizards that we should let our profits run. In fact letting profits run is as important as cutting lose fast. Not easy for me and I hope this book can help me to identify which system should I go or how to create my own system based on these ideas.
The reason for me shortlist Day Trading and Swing Trading the Currency Market is because I heard Kathy is quite good about fundamental analysis. I believe I need both technical and fundamental analysis to be good at trading. But I really don't know much about fundamental analysis.
I hope someone that had read these 3 books can suggest me which book should I go first.
Thanks in advance.