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Best Forex book?

  • #1
  • First Post: Oct 11, 2009 10:34am Oct 11, 2009 10:34am
I have read many threads on many forums but I want to expand my knowledge more. I have decided to spend few dollars on education. Which one to chose?

"Bird Watching in Lion Country" or "The New Forex Model"?
  • #2
  • Oct 11, 2009 10:58am Oct 11, 2009 10:58am
How about Van Tharp's Trading the Way of Turtle?

A local martial artist once said to me when I asked him what's the best martial art, he replied "there's no best martial art, there's only best martial artist"

I think this can be applied with trading in some sense.

As Jankone said :"Trading system usually works, but traders don't"

Kakyn.
  • #3
  • Oct 11, 2009 12:37pm Oct 11, 2009 12:37pm
If you want to choose between the two, take Bird watching in lion country. The van Tharp books are good as well. As far as I know there will be a new edition (or update) of BWILC by the end of this month.
  • #4
  • Edited Oct 13, 2009 12:56am Oct 12, 2009 11:25pm | Edited Oct 13, 2009 12:56am
any recommendation for forex candlestick book?because most books only cover commodities and not forex.From what i know,the candlestick pattern in forex and equity is a bit different,so i'm looking for forex candlestick,to understanding their pattern in trading.
thanks
  • #5
  • Oct 13, 2009 12:23am Oct 13, 2009 12:23am
I just finished Bird watching in lion country......... It was a real challenge wading through the bullshit redundancy and empty sentences..........over 200 pages of rambling BS..... the whole premise of the book could have been condensed down to about 50 pages, and that would have still been a bit fluffy..... I lost count of how many times he encouraged his mentorship ...... I guess it could help some but I just found it to tiresome.

I have found this to to a reoccurring problem with so many books today.... they seem to think quantity will make up for lack of quality content.

Sorry Xaron...... There is no friggen way I will wade through his updated BWILC.......
Same Whore .... Different Dress
  • #6
  • Oct 13, 2009 12:32am Oct 13, 2009 12:32am
Some recent reads;

Richard-McCall - Way of the Warrior Trader
Al Brooks - Reading Price Charts Bar By Bar
Peter Steidlmayer - Markets & Market Logic
  • #7
  • Oct 13, 2009 1:44am Oct 13, 2009 1:44am
Quoting RVettel
I have read many threads on many forums but I want to expand my knowledge more. I have decided to spend few dollars on education. Which one to chose?

"Bird Watching in Lion Country" or "The New Forex Model"?
Try Trading and Exchanges by Larry Harris. I wish I had read this years ago.
  • #8
  • Oct 13, 2009 2:25am Oct 13, 2009 2:25am
Quoting johnedoe
I just finished Bird watching in lion country......... It was a real challenge wading through the bullshit redundancy and empty sentences..........over 200 pages of rambling BS..... the whole premise of the book could have been condensed down to about 50 pages, and that would have still been a bit fluffy..... I lost count of how many times he encouraged his mentorship ...... I guess it could help some but I just found it to tiresome.

I have found this to to a reoccurring problem with so many books today.... they seem to think quantity will make...
Hehe I know. This is that kind of book you either hate or love. For me it changed my (trading) live completely. I know quite a bunch of people where it didn't, so finally everyone has to find what works for him/her.
  • #9
  • Oct 13, 2009 2:45am Oct 13, 2009 2:45am
Quoting Dopey
Try Trading and Exchanges by Larry Harris. I wish I had read this years ago.
Wow...$79? Is it worth it? What is it about that book?

That's a lot of money if you consider that Bird Watching in Lion Country is $69 and The New Forex Model is only $47 !
  • #10
  • Oct 13, 2009 4:28am Oct 13, 2009 4:28am
Trading in the zone by mark douglas
  • #11
  • Oct 13, 2009 5:03am Oct 13, 2009 5:03am
Quoting RVettel
Wow...$79? Is it worth it? What is it about that book?

That's a lot of money if you consider that Bird Watching in Lion Country is $69 and The New Forex Model is only $47 !
Sure it is.
  • #12
  • Oct 13, 2009 5:11am Oct 13, 2009 5:11am
How about Currency Trading for Dummies? Jay Walker recommends it (no joke)
  • #13
  • Oct 20, 2009 3:58pm Oct 20, 2009 3:58pm
Quoting johnedoe
I just finished Bird watching in lion country......... It was a real challenge wading through the bullshit redundancy and empty sentences..........over 200 pages of rambling BS..... the whole premise of the book could have been condensed down to about 50 pages, and that would have still been a bit fluffy..... I lost count of how many times he encouraged his mentorship ...... I guess it could help some but I just found it to tiresome.

I have found this to to a reoccurring problem with so many books today.... they seem to think quantity will make...

Ok, thanks. So that leaves me with "The New Forex Model"(although there was good opinion on BWLC from other forumer here). Will you be able to summarize here later BWLC? If I buy TNFM I will summarize it here...this way we could "share" cost of those books and "manage risk"

This will help me(if I find any good subject in your BWLC review) and other traders(if they find something in my review of TNFM).

As to other propositions - thank you guys! I am familiar with Van Tharp and others so no risk with buying their books - even if they were read by millions of traders before. But with authors like Dirk du Toi(Bird Watchin...) or Sylwester May(The New Forex...) I wanted to check before as they don't have such reputation as Van Tharp or others...

Anyway - I am buyng The New Forex Model right now...let me know if you are fine with what I wrote(your write review/summary of Bird and I write TNFM).
  • #14
  • Oct 20, 2009 9:30pm Oct 20, 2009 9:30pm
Just my opinion, so take it as you will , but you are going down the wrong path. Take Dopey's suggestion.... Trading and exchanges is a very good book...... You really need to know about the markets way before you even think about trading them..... If not then enjoy yourself in that 95% club............... Take Care.
  • #15
  • Oct 20, 2009 10:08pm Oct 20, 2009 10:08pm
How to trade in Stocks - Livermore.

excellent wisdom that's relevant in any market
  • #16
  • Last Post: Oct 21, 2009 2:36am Oct 21, 2009 2:36am
Quoting RVettel
Ok, thanks. So that leaves me with "The New Forex Model"(although there was good opinion on BWLC from other forumer here). Will you be able to summarize here later BWLC? If I buy TNFM I will summarize it here...this way we could "share" cost of those books and "manage risk"
Well BWILC can't be that bullshit, just look at my statements (in my signature). If you want discuss something regarding BWILC, look into my thread here:
http://www.forexfactory.com/showthread.php?t=195287
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