One of the best books for me is "Naked Forex: High-Probability Techniques for Trading Without Indicators". By Alex Nekritin and Walter Peters. I suggest everyone to read it.
The 20/80 Pareto principle, though not specifically focusing on Forex can be applied in your personal and professional life including trading and applying it will make your life and your trading more productive and more efficient than it used to be. Though I'm sure you can find many books related to that principle, you can find the same valuable information on the internet for free without going through 300 to 500 redundant pages. All you have to do is understand the basics that can be summed up in 10 sentences and think about how to apply it in your every day life
I always try not to waste my time reading 500 pages that can be summed up in just one.
Here, You can grasp the whole 20/80 principle with that short book summary from that 2minutebook website which I think is a brilliant idea to go straight to the point and keep you focused
esp if you are new or one of those that loves backtesting/holy grails/looking for strategies. it'll gives you a reality check and hopefully wake from your stupor.
It all depends on your experience but I would highly recommend :
- Day Trading and Swing Trading the Currency Markets (Kathy Lien). To understand forex basics.
- Universal Principles of Successful Trading (Brent Penfold). A real unknown gem. It covers many apsects of trading but particularly emphasizes on risk of ruin and money management.
- Trade Your Way to Financial Freedom (Van K. Tharp). It will make you think in terms of probabilities and will help you mastering position sizing.
- The Disciplined Trader (Mark Douglas). Because there is no success in this business without discipline.
- The Little Book of Market Wizards. All Market Wizards wisdom in a few pages !
It all depends on your experience but I would highly recommend : - Day Trading and Swing Trading the Currency Markets (Kathy Lien). To understand forex basics. - Universal Principles of Successful Trading (Brent Penfold). A real unknown gem. It covers many apsects of trading but particularly emphasizes on risk of ruin and money management. - Trade Your Way to Financial Freedom (Van K. Tharp). It will make you think in terms of probabilities and will help you mastering position sizing. - The Disciplined Trader (Mark Douglas). Because there is no...
Ignored
You took my list LOL, I would add:
Encyclopedia of Chart Patterns by Bulkowski, Thomas N.
Trading Technical Analysis Masterclass Master the financial markets by Rolf Schlotmann Moritz Czubatinski
