money management and psychology on trading..

Hi,


i'm feeling a need to keep learning about this two subjects in a deeper detail...
Is there any books (the best one's for you) abouth this two themes?!

what can you guys and girls recommend ?!

Thanks in advance &
Stay Fresh!

You should learn Math at a high level. A university level. If you don't have time, then make it.

http://adaptrade.com/Articles/index.htm

Wish it does helps

Hello.

I would recomend you start keeping a spreadsheet of you ideas to test them.

Dale

As for the psychology goes that will come with discipline and experience. Unfortunately not all of us have the benefit of these traits when it comes to FX trading.

Money Management---very many good threads on this site that should be a help. Once you feel less fearful, because of you new found knowledge in M.M.; the pych part should improve as well.

thanks all for the fast reply...

i've been searching the forum...and i've only found.. some sort of basic info on money manangement/risk management and stuff...

any key threads you ppl can recommend ?!

@ mphpopular - thanks for the link mate, all good information help

I have a couple of books that have helped.

1. Trading in the Zone by Mark Douglas.

2. Trade Your Way to Financial Freedom by Van K Tharp.

Money Management and Psychology are 'it" when it comes to making money when trading. Get them right and you can trade (almost) stress free.

thanks for your reply kasa...

i'll see if i can get my hand on those books too...

Stay Fresh!

I hate to sound cynical, but I've seen it so may times. (did it twice myself) So go ahead and blow that first acct; Get it out of your system that 'your the one' that is gonna beat all the odds. I suggest you make it a small account at Oanda so it doesn't cripple you.
Mindset is number one. Once you have your head straight after the disaster that happened to your first account then start MM. Your monetary goal in the beginning should be to survive. Bet .5% or less per trade till you have devised yourself a winning system (honestly do this for about a 1000 trades) Don't be fooled into thinking MM will make a losing system profitable.
2% is a lot for a newbie to trade. It don't sound like much, but it will whittle your acct down pretty quick.
Once you have a winning system, then you can begin to experiment w/ MM to grow the acct.

EDIT"
I clicked on your avatar to get just some quick info on you saw your reading some 'Fibonacci' thread.
Some advice, take it or leave it.
Read this thread:
http://www.forexfactory.com/showthread.php?t=57639
And read this thread:
http://www.forexfactory.com/showthread.php?t=2331

Buy the books mentioned in thread one.

These two threads will give you the foundation to succeed in this business.

Good Trading to you.

Here's a good ebook by Chris Lori.

http://www.forexfactory.com/attachme...7&d=1196902006

u can try
Trading for a living
come into my trading room

both books by Dr. Alexander Elder, deals with MM and psychology..

if u want more u can try The Disciplined Trader by Mark Douglas, but i would suggest u go thru the elder's books 1st to get a picture of it.

happy trading!