Can you learn to trade from books? | Page 3 | Forex Factory

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Can you learn to trade from books?

  • #41
  • Sep 18, 2018 5:50am Sep 18, 2018 5:50am
BOOKS ,,,,
They are only pieces of papers that contain information ,,,,
It is not about books ,,, as it is all about what one does with the information written in these papers called boks ,,, and that will include learning it ,,, and learn to adopted to the market ,, and make sure it works , and more importantly works consistently .
Books are no different from someone reading what we r writing here ,,, or listening to another trader explaining something to them ,,, but what ever it is u r doing ,, is apart of the journey to learning this game and learn it fully and well .
CODING ,,,
The backdrop of this business ( charts ) are forever changing .
For me coding does not work ,, simply cause my strategy is flexible to the price action ,, so it is not a set cut and dry approach ,, yes systematic in nature ,, but the market is not systematic as such .
thats in my humble opinion .
Cheers
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #42
  • Sep 18, 2018 5:52am Sep 18, 2018 5:52am
Can you learn trading from books?....definitely. The basic and introductory parts. Elliot wave theory, indicators, support and resistance and the likes, however, you would have to spend hundreds of hours studying charts and applying the knowledge you have acquired through reading on demo trading or historical data to acheive trading mastery
  • #43
  • Sep 18, 2018 6:40am Sep 18, 2018 6:40am
Quoting ProPactor
Sometimes books are not worth. I started trading after I study in free pipsology course which is pretty organized and helpful.
That's really depends on the book. I have found plenty of educational Forex books that I have found very helpful.
  • #44
  • Sep 18, 2018 6:48am Sep 18, 2018 6:48am
I agree with George Aus comment.
Mark your charts by hand!
Don't look for indicators to do all the work..

Its very true you will learn so much more doing it by hand.
The only system that will work is one designed by and for yourself.
  • #45
  • Sep 18, 2018 8:04am Sep 18, 2018 8:04am
Quoting George AUS
BOOKS ,,,, They are only pieces of papers that contain information ,,,, It is not about books ,,, as it is all about what one does with the information written in these papers called boks ,,, and that will include learning it ,,, and learn to adopted to the market ,, and make sure it works , and more importantly works consistently . Books are no different from someone reading what we r writing here ,,, or listening to another trader explaining something to them ,,, but what ever it is u r doing ,, is apart of the journey to learning this game and...
Couldn't agree more.
Coding is just a tool to make your life easier, its not an End All thing. If you are already a profitable trader knowing coding will be like a having machine gun insted of a shot gun.
One Good Trade
  • #46
  • Sep 18, 2018 8:52pm Sep 18, 2018 8:52pm
Is it not just amazing how one would start a thread like this one ,, and NOT once that person has done any input into it , or even a follow up on his topic he brought to the table ????? Sure makes me wonder Hmmmmmmmmmmmmm
But ,, we do not care because what we are sharing here is for the benefit of each other and some new comers into this wonderful game called trading .
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #47
  • Sep 20, 2018 12:20am Sep 20, 2018 12:20am
Quoting dianajs
{quote} That's really depends on the book. I have found plenty of educational Forex books that I have found very helpful.
i do understand that's why I mentioned "sometimes", not every time. Majority of us needed a fun engine to start trading, which is why I recommended Babypips. Peace
  • #48
  • Sep 20, 2018 7:51am Sep 20, 2018 7:51am
Quoting ProPactor
{quote} i do understand that's why I mentioned "sometimes", not every time. Majority of us needed a fun engine to start trading, which is why I recommended Babypips. Peace
Good point. The same thing applies to books as well, I think. It is important for the educational book you're reading to present its information in an accessible manner, especially when it is aimed at newbies
  • #49
  • Oct 18, 2018 12:33am Oct 18, 2018 12:33am
Books are certainly helpful but no one can learn trading just by reading books. We learn only when we step in the real trading world.
  • #50
  • Oct 18, 2018 1:46am Oct 18, 2018 1:46am
i don't think so, one can learn the basic trading terms or types of strategies. but trading can only be learned via experience.
  • #51
  • Oct 19, 2018 10:23am Oct 19, 2018 10:23am
I learned from books, more or less. I had other sources of information and knowledge too, but I think I would have been a worse trader than I am now if I hadn't studied trading from various books.
  • #52
  • Oct 22, 2018 6:32pm Oct 22, 2018 6:32pm
There are good trading tutorials and books to learn to trade. Some might be more preferable than others, depending on trading specifics (fundamental vs technical, frequency, focus vs portfolio, etc.).

However, I believe every trader should have read Market Wizards by Schwager and The Black Swan by Taleb. Those are the two books the will cause the necessary *clicks* in your brain to be able to make reasonable decisions.
  • #53
  • Oct 22, 2018 11:07pm Oct 22, 2018 11:07pm
Quoting pavelv7
The Black Swan by Taleb
If you read this book with understanding, following "Skin in the game", the only decision you should make is to quit speculating
  • #54
  • Oct 23, 2018 2:39am Oct 23, 2018 2:39am
Sure one can get ideas and an understanding of how to trade from books but one can only learn to trade from actually trading.

Same as driving a car. It's only when you get behind the wheel and drive that you learn how to put all the pieces together.
  • #55
  • Oct 23, 2018 3:10am Oct 23, 2018 3:10am
Quoting TeenyTrader
Sure one can get ideas and an understanding of how to trade from books but one can only learn to trade from actually trading. Same as driving a car. It's only when you get behind the wheel and drive that you learn how to put all the pieces together.
Yet, most people who drive a car, think they are better drivers than average

Here is other one: practice makes permanent, deliberate practices makes masters
  • #56
  • Nov 17, 2018 2:26pm Nov 17, 2018 2:26pm
I have heaps of books I've read... They gave me some structure but also made me predictable. You have to know the rules so that you can break them right?
To Infinity and Beyond!
  • #57
  • Nov 18, 2018 1:41am Nov 18, 2018 1:41am
Quoting peterrr
I have heaps of books I've read... They gave me some structure but also made me predictable. You have to know the rules so that you can break them right?
Then you have to read other books I guess. The point of book knowledge is getting enough basis to create new unique knowledge which will give you an edge in the market. Copying strategies or approaches from books doesn't end good, because this is somewhat obsolete information which has been tested thousand times.
  • #58
  • Edited Nov 20, 2018 11:54am Nov 19, 2018 2:34pm | Edited Nov 20, 2018 11:54am
Quoting dispersion
{quote} Then you have to read other books I guess. The point of book knowledge is getting enough basis to create new unique knowledge which will give you an edge in the market. Copying strategies or approaches from books doesn't end good, because this is somewhat obsolete information which has been tested thousand times.
Believe me 85% of the trading books say the same things in different ways. Many authors get to the same conclusions in their own way.
But of everything I’ve read, about 15% really shook me, challenged me and made me think outside of the box. But my point is you first need to understand the box before your can surpass the box... only outside the box you can find egdes.
The threat asks, can you learn trading from books? I would say no, it’s more complicated.
To Infinity and Beyond!
  • #59
  • Last Post: Nov 19, 2018 11:13pm Nov 19, 2018 11:13pm
Quoting bloodpoodle
I agree with George Aus comment. Mark your charts by hand! Don't look for indicators to do all the work.. Its very true you will learn so much more doing it by hand.
Basically concentrating on trading indicator is an illusion. We should focus on the trading chart for sure!
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