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what is the best forex book?

  • #21
  • Jul 11, 2009 10:59am Jul 11, 2009 10:59am
Quoting F-O-R-E-X

what is the best forex book for the Technical and Fundamental ?


Your own trading journal.

The OP only made one post ever, so apparently he found his answer early, for better or worse.
  • #22
  • Jul 11, 2009 4:34pm Jul 11, 2009 4:34pm
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

by Nassim Nicholas Taleb

Follow up by reading:

The Black Swan: The Impact of the Highly Improbable

by Nassim Nicholas Taleb
  • #23
  • Jul 11, 2009 6:33pm Jul 11, 2009 6:33pm
Quoting gbppip
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

by Nassim Nicholas Taleb

Follow up by reading:

The Black Swan: The Impact of the Highly Improbable

by Nassim Nicholas Taleb


Those are two of my favorites. Sometimes it pays to step away from "how to trade" books and look at trading from a different angle. Taleb's books are good for that.
Also, any introductory level books on probability theory are great. Someone with a sound understanding of probability theory (like Hanover) can quickly dismiss a lot of the malarkey that goes around. Sometimes simple math can save a lot of testing.
  • #24
  • Jul 11, 2009 7:55pm Jul 11, 2009 7:55pm
Taleb's books are entertaining if you can get past his rather narcissistic world view. But his arguments require careful thought, as some of them are just utter rubbish.
The breaking of a wave cannot explain the whole sea.
  • #25
  • Jul 12, 2009 1:27am Jul 12, 2009 1:27am
Quoting Craig
Taleb's books are entertaining if you can get past his rather narcissistic world view. But his arguments require careful thought, as some of them are just utter rubbish.
Entertaining is a good way of summing them up. For me, they were entertaining enough that I actually finished them, which is unusual for me lately. Like almost any books, they contain a few gems as well as a lot to be dismissed. If you can warm up to his writing style, his books are a welcome change from the oh so typical trading hash and rehash.

On the other hand, I know people that couldn't get past the first few paragraphs simply because of his condescending tone.
  • #26
  • Jul 13, 2009 2:37am Jul 13, 2009 2:37am
Quoting TradingForex
I gained the most from "The Education of a Speculator" by Victor Niederhoffer, and it doesn't even "teach" any miracle ways to trade.
Very good stuff in this book, there also quotes by a chess master outlined in this book which contains timeless wisdom applicable to trading. I find some of the stories a little lengthy and dry though.
  • #27
  • Jul 13, 2009 2:49am Jul 13, 2009 2:49am
Quoting aiyahmarklah
Very good stuff in this book, there also quotes by a chess master outlined in this book which contains timeless wisdom applicable to trading. I find some of the stories a little lengthy and dry though.
This book is at top of my list (if only I could find it).....This guy is one of the best student of the market......his articles at dailyspeculations are gems and contain very good statistical information of markets.
The only way to get smarter is by playing a smarter opponent.
  • #28
  • Jul 13, 2009 4:31am Jul 13, 2009 4:31am
yes dailyspeculation.com too, not only Victor himself, but a host of very good contributors as well. But not for the uninitiated, these guys can take anything on earth and relate it to trading in markets.....
  • #29
  • Oct 11, 2009 12:25pm Oct 11, 2009 12:25pm
What about The New Forex Model by Sylwester May? I have heard very good comments about it.
  • #30
  • Nov 20, 2009 8:28pm Nov 20, 2009 8:28pm
Quoting Code4Capital
But let me be the first to say it, fundamental analysis is junk in forex right now right now its bad news for all currencies and the ones who have the most momentum are the best performing. Fundamentals in this market is just stupid, trade the technical side.
To digress I respectfully disagree - from my experience fundamentals definitely drive the technicals - you don't see any real movement without an equity open/close, news release or commodity run. I've found it best to trade with a bit of both, but not anchoring too much weight on either
  • #31
  • Edited 2:45am Jan 1, 2010 2:43am | Edited 2:45am
i am currently reading,

Forex Patterns and Probabilities (2007) - Ed Ponsi
The Forex Trading Course (2008) - Abe Cofnas
Beat the Forex Dealer (2008) - Agustin Silvani.
Trade What You See (2007) - Larry Pesavento and Leslie Jouflas.

Beat the Forex Dealer is about what goes on behind retail brokers and dealers and the playing field. Larry Pesavento's book is about ABCD, Butterfly, Gartley.
  • #32
  • Jan 1, 2010 9:32am Jan 1, 2010 9:32am
Way of the Turtle is the best trading book I've ever read http://www.amazon.com/Way-Turtle-Met.../dp/007148664X
  • #33
  • Jan 2, 2010 8:04am Jan 2, 2010 8:04am
Murphy, John J.
Technical Analysis of the Financial Markets
New York Institute of Finance/Prentice Hall 1999
Latest or current edition
du Plessis, Jeremy
The Definitive Guide to Point and Figure
Harriman House Ltd
Latest or current edition
Plummer, Tony
Forecasting Financial Markets
Kogan Page 1998 (3rd edition)
Latest or current edition
Prechter, Robert
R N Elliott's Masterworks, the Definitive Collection
New Classic Library, a division of Elliott Wave International, Gainesville GA, USA 1994
Latest or current edition
Kirkpatrick, Charles D Dahlquist, Julie R
Technical Analysis: The Complete Resource for Financial Market Technicians
Latest or current edition
Lambert, Clive Candlestick Charts
Harriman House Ltd
Latest or current edition
  • #34
  • Jan 4, 2010 6:12am Jan 4, 2010 6:12am
For me is international money and foreign exchange markets by Walmsley
It gives a good general explanation bout the market, got if from the list of fx books that the broker ac-markets on its site
http://www.ac-markets.com/forex-reso...orex-book.aspx
  • #35
  • Jan 19, 2010 5:37am Jan 19, 2010 5:37am
You have some nice resources of books on this site:
http://www.earnforex.com/forex-e-books
  • #36
  • Jan 19, 2010 1:46pm Jan 19, 2010 1:46pm
No book can prepare you for the real deal.

Learn from the best teacher in the world - the market.
  • #37
  • Jan 19, 2010 1:51pm Jan 19, 2010 1:51pm
Dune - by frank Herbert
FF = Forex Faggots
  • #38
  • Jan 20, 2010 1:01pm Jan 20, 2010 1:01pm
Quoting Craig
'Way of the Turtle' is the only book worth reading in that list IMHO.
I wouldn't read the Rob Booker book unless my life depended on it.
really ... way of the turtle...? i read that and I thought it blew.

Im gonna second bird watching in lion country ... and an economics book.
  • #39
  • Jan 20, 2010 1:37pm Jan 20, 2010 1:37pm
Way of the turtle is great, I also like 'trade your way to financial freedom - van k tharp'
The greatest force on earth is compound interest.
  • #40
  • Jan 20, 2010 3:31pm Jan 20, 2010 3:31pm
Mark Douglas - Trading in the Zone
Martin Pring ("Inventor" of the Pinbar) - Martin Pring on Price Patterns
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