Show me currency charts and real time price moves Your ability to persevere, learn from mistakes, and exercise self-control is essential to becoming a successful trader. Embarking on a career in investment and trading is inherently linked to books as a crucial source of knowledge.
The author advises novice traders to prioritize simplicity and implement effective day trading strategies. The book distills years of successes, failures, strategies, and winning trade plans into the simplest possible ideal path for new day traders, no matter their lifestyle objectives. It also goes into risk management and position sizing, both of which are often ignored in almost all forex books, but are critical if you are striving to build trading into a business.
- Customers find the book very informative, providing a solid overview and easy-to-understand useful information.
- Anything can happen means that the market is composed of traders and there is no way any of the traders can know with certainty what the other one is going to do.
- At first glance, it may seem difficult to comprehend, as the author strives to explore the topic in depth, using professional terminology.
- Today’s forex market contains some of the most profitable trading opportunities in the world.
- “…And he’s a very profitable trader so what he says should be listened to.” Read more
How to Day Trade Stocks for Profit by Harvey Walsh
It is also one of the few books whose Kindle version is not a complete crap compared to the paper version. As you have probably understood already, we are very enthusiastic about this book. We have people that are structured and need clarity, some that dive right into technical setups, and a few that want to stop overtrading and strictly follow a plan. The Little Book of Currency Trading by Kathy Lien is perfect for those looking for a headstart into forex that does not lack strategy, analysis, and global economics. It will, for example, inform you what stops your trades from succeeding in real time and suggest ways to overcome that.
In Part 3 you will learn more about specific pairs and the differences between them, you will be explained the key concepts of fundamental analysis, technical analysis, chart patterns and the most important indicators. As many other books the author separates the content in sections, in this book “parts”. “…idea that are great for long term trades, which works well in trending markets in Forex.” Read more Customers appreciate how the book helps prevent losses, with one mentioning it reduces stop losses by 30%, while another notes its effectiveness in trending Forex markets. “It’s a great book for the novice / intermediate trader….” Read more
Day Trading and Swing Trading the Currency Market by Kathy Lien
The author guides the reader step by step from the most theoretical basics to practical examples of day trading, showing how to earn money in the stock market with minimal effort. A book is a comprehensive manual that captures the experiences of numerous successful day traders who have elevated their skills from a novice level to a professional standard. The book’s emphasis on discipline, risk management, and developing a personal trading style is widely commended. Each step builds upon the previous one, allowing traders to gradually develop confidence and proficiency in their chosen trading system. By following a structured approach, traders can accelerate their learning curve and develop the skills necessary for long-term success.
- This book is a bite-sized guide to trading in the financial markets.
- The primary focus of the book is the analysis of stock market price charts, which is reflected in the numerous illustrations.
- John Carter is recognized as a prominent figure in the field of combining trading strategies, applying them to various financial markets.
- “…If he had charged $30 for this book, it still would have been overpriced, but at least reasonable….” Read more
Very old fashioned, but what a wonderful way to learn. You should not risk more than you are prepared to lose. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage.
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Customers find the book very informative, providing a solid overview and easy-to-understand useful information. Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them. To explain complex subjects and concepts surrounding the financial markets, in a clear and simple way.
Author Jelle Peters
Written in a straightforward and accessible style, Forex Patterns and Probabilities will help you make the most of your time in this market. While the high availability of leverage within this arena can improve your chances of making money, ultimately the success of your endeavors depends upon how well you understand and operate within this market. “…rather complex subject of forex marketing, and does so in an entertaining manner….” Read more “…Love the concept about VPA as a confirmation of the price action. Enjoyed reading and I can’t wait to apply the knowledge. Thanks” Read more Customers find the book enjoyable to read, with one mentioning it is written in an entertaining manner.
Customers consider it worth the price, particularly for new traders, and find it enjoyable to read. Customers find this book to be a solid introduction to forex trading, written in a conversational style that’s easy to understand. There is no need to read 20+ books on day trading before opening a demo account. This section reviews books on day trading that will help you maintain emotional control in any situation and understand trading psychology. The author reveals the mathematical, technical, and practical aspects of scalping and high-frequency trading, provides examples of HFT strategies, and discusses risk optimization. Even sophisticated professional day traders periodically reread it, finding new insights for their own practices.
From the Author
These patterns, when combined with support and resistance zones, create high-probability trade setups. Price action catalysts are specific candlestick formations that signal potential market reversals or continuations. Kangaroo tails exhibit extreme market behavior.
This book is the result of his accumulated knowledge and experience with his students. The book places a separate emphasis on candlestick formations. Sincere cautions that many novices perceive trading as a form of gambling, relying on chance outcomes. Day trading is a professional field, not a game of chance. The guide covers essential topics such as the necessary equipment and software, the available account types forex book review and their corresponding strategies, the calculation of the minimum deposit amount, and more. It focuses on the steps to take prior to opening your first trade.
THE ULTIMATE BEGINNER’S GUIDE TO FOREX TRADING IN 2025!
The book also covers volume confirmation as well as multi-timeframe analysis, which help differentiate between actual signals and misleading ones. If dummies guide to currency trading is your entry level textbook, then Kathy Lien’s book is your go-to for formulating advanced trading plans. It’s practical, approachable, and tailored to new traders eager to grapple with foreign exchange. This is especially true if you are just starting out or trying to enhance your skills without spending unnecessary time and resources in the forex market.
Even if some technical, fundamental, or sentiment indicators strongly forecast some movement, the real outcome could be completely different as it may take only one trader to affect the prices. Mark Douglas wrote his first book on the role of discipline and psychology in trading, The Disciplined Trader, back in 1990 — an era that has quite a lot of differences with our days in terms of financial markets and their accessibility. The first five books we’ve covered form a core for almost all traders, but there are a few bonus picks that are unique which still deserve attention.
If you’ve googled “best book for forex trading,” you likely have been inundated with lists of titles, countless reviews, and suggestions that contradict each other. Unlike most of the others, that either introduce you to the currency market or teach you to some trading techniques, this book is mostly a warning. Considering the size, content, price and time necessary to read it, this book is a good choice for anyone approaching Forex. “…Mr. Ponsi’s trend filters are worth the price of the book and can help you combat revenge trades and tunnel vision when going through your trading…” Read more “…the intermediate trader to adapt technical analysis and candlestick techniques for Forex….” Read more
Customers find the book easy to understand with clear examples and well-written content. With the practical strategies and trading methodologies found in Forex Patterns and Probabilities you can uncover these opportunities and achieve long-term financial success along the way. Dozens of chart examples and explanations will guide you each step of the way and allow you to “look over the shoulder” of a professional trader hard at work at his craft.
Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer – no Kindle device required. Before deciding to trade, you need to ensure that you understand the risks involved and take into account your investment objectives and level of experience. I’d like to copy professional traders’ transactions onto my account