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  • #81
  • Dec 29, 2010 7:33pm Dec 29, 2010 7:33pm
Quoting corkyt
thanks for the reply watchtower, i just found billyrayvalentine's thread and will look into it when i have the time.



I just started reading "trading in the zone" and my initial reaction was that it was like "the secret" applied to forex trading ("all it takes is positive thinking and you WILL make money in the forex market!"). he has made some good points though about fear clouding your rational thinking, so i'll reserve judgement until i've finished reading it.
I've been at it for a year. This is the most challenging thing I've ever done but obviously can become the most rewarding.

Billy Ray Valentines' pdf is right there. You may end up going back to it over and over again. Like the song says, Is that all there is?
Inserted Video


Looking back on my first year the biggest error was using too much money. Start with a $10 oanda account and use 1/4 of it.

Good luck.
  • #82
  • Dec 31, 2010 5:44am Dec 31, 2010 5:44am
Hello

i've read 3 trading books,could do with reading more but anyway, i'm a big fan of the dummy books so i read

currency trading for dummies Mark Galant Brian Dolan : good overview of the whole thing when you are absolutely clueless, found that usefull along with tutorials on Babypips.com when i first started.

Technical Analysis by Barbara Rockfeller: would give it 7 out of ten, would have preferred if it had dealt with candle charts a lot more, plenty about price bars in it. bit waffley i felt but a good book on technical analysis overall.

My dad recenly lent me " A beginners guide to day trading online" by Toni Turner, this copy was published in 2000 so a bit old and she deals mostly with the stock markets, in fact doesn't really deal with currency trading but i love the technical analysis explanations that she gives which are relevant to any type of market, and the style of writing is super, straightforward and humorous as well, so easy to digest, I LOVE THIS BOOK, would highly recommend giving it a read, the technical analysis side of things i understand better from this book than the others. and most of all i love that its written by a woman!! thats my tuppence worth.
  • #83
  • Dec 31, 2010 7:27am Dec 31, 2010 7:27am
Quoting corkyt
I just started reading "trading in the zone" and my initial reaction was that it was like "the secret" applied to forex trading ("all it takes is positive thinking and you WILL make money in the forex market!"). he has made some good points though about fear clouding your rational thinking, so i'll reserve judgement until i've finished reading it.
He has some good points but some of his premises are flawed, I remember getting quite annoyed when reading that book long ago because of his description of how thoughts or beliefs are stored in the brain and why due to that structure it requires x y and z to alter them, I remember thinking how unscientific that was - I was at the time rather conversant in that field and so it was difficult to take the other things he said seriously. As far as I remember, the gist of that book was "if you have a statistical edge, take every trade within your parameters and don't worry about the eventual string of losses - after all you have a statistical edge." I think that was it, mixed with some pseudo-scientific nonsense.
  • #84
  • Dec 31, 2010 8:55pm Dec 31, 2010 8:55pm
Quoting silverheat
can anyone comment on 'beat the forex dealer'

if its about bucket shops, i guess it wont be worth the time

Hey silverheat, Beat the forex market definitely covers the bucketshop angle, but the author augustin slivani also covers market conditions and characteristics. He also gives some trading strategies covering price action and positin size that are pretty sharp.

If you are looking for a forex specific trading book you might also consider The 10 essentials of forex trading by Jared f. Martinez. That one might be the single best book for forex trading that i have read. Lots of price action and he even makes fibonacci clear.
  • #85
  • Dec 31, 2010 9:07pm Dec 31, 2010 9:07pm
Am starting The Art of trading by Janovsky. He was/is a trader on the Chicago floor.

"The results of the screen are a reflection of you." So far, pretty interesting.
  • #86
  • Dec 31, 2010 9:52pm Dec 31, 2010 9:52pm
Hey guys, I'm new to joining FF but have been reading for a while now.

I would suggest reading any book on the stock market as good reading for forex. The same forces that push and pull on stocks are the same for currencies.

I would stay away from books that try to deliver strategies. You'll be chasing ghosts.
  • #87
  • Dec 31, 2010 10:33pm Dec 31, 2010 10:33pm
Quoting noeryan
Hey guys, I'm new to joining FF but have been reading for a while now.

I would suggest reading any book on the stock market as good reading for forex. The same forces that push and pull on stocks are the same for currencies.

I would stay away from books that try to deliver strategies. You'll be chasing ghosts.
don`t chase the ghost but trap the ghost....
at last i`ve found a holygrail........
  • #88
  • Dec 31, 2010 10:47pm Dec 31, 2010 10:47pm
The Ultimate Trading Guide
By Hill, Pruitt, and Hill
  • #89
  • Jan 1, 2011 2:53am Jan 1, 2011 2:53am
i would go for 'trading in the zone'.
  • #90
  • Jan 8, 2011 9:08am Jan 8, 2011 9:08am
Way of the Turtle
trading in the zone
Fooled by randomness

these are ones of the best imo
  • #91
  • Jan 9, 2011 11:48pm Jan 9, 2011 11:48pm
For me its Technical Analysis of the Financial Markets by John Murphy. I trade using Technical analysis and this book thought me the basics.
  • #92
  • Jan 10, 2011 12:18pm Jan 10, 2011 12:18pm
From what Ive read I feel like Trading in the Zone by M.Douglas is a must for any trader.
  • #93
  • Jan 10, 2011 9:28pm Jan 10, 2011 9:28pm
I would recommend

"the intelligent investor" by Ben graham

and

"common stocks and uncommon profits" by Philip fisher
  • #94
  • Jan 10, 2011 10:39pm Jan 10, 2011 10:39pm
i just looking complete forex ebook
  • #95
  • Jan 12, 2011 1:22am Jan 12, 2011 1:22am
it is more of you like to read a book or not.
  • #96
  • Jan 15, 2011 11:38am Jan 15, 2011 11:38am
I would recommend this books:"Encyclopedia of Trading Strategies " and "Trading as a Business"
  • #97
  • Jan 16, 2011 5:08pm Jan 16, 2011 5:08pm
Newbie here.
A friend gave me a copy of Mark Douglas' Trading in the Zone, i just want to share it.
Here's where you can get it for free: http://depositfiles.com/en/files/yvvz67hzw

Enjoy and Good Luck with your trading.
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #98
  • Jan 16, 2011 10:48pm Jan 16, 2011 10:48pm
Quoting lananpips
Newbie here.
A friend gave me a copy of Mark Douglas' Trading in the Zone, i just want to share it.
Here's where you can get it for free: http://depositfiles.com/en/files/yvvz67hzw

Enjoy and Good Luck with your trading.
Downloading now. Thanks!
  • #99
  • Feb 11, 2013 8:46am Feb 11, 2013 8:46am
Trade_Your_Way_to_Financial_Freedom
  • #100
  • Feb 13, 2013 2:31am Feb 13, 2013 2:31am
Quoting tradepro
"Volume and Price Action", in-house training manual, HSBC Trading Floor (Hong Kong).

Actually, there is no books exclusive for forex.
For example, if we read the suggested book "volume and price action" ... How would be possible to apply the concepts
found there when in forex we have no "volume" information?

J.
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