Way back in time when I was trying to understand the Foreign Currency trading market – there were some books which were helpful.
Some are fairly old, but I believe still relevant when it comes to trading.
Beat the Odds in FOREX Trading inspired me to venture into trading the economic news reports.
“Add certainty and systematization into Forex trading with this practical approach. Author and industry professional Igor Toshchakov shows how recurring market patterns–which can be recognized on a simple bar chart–can be successfully used to trade the Forex market. Written for traders at every level, this valuable resource discusses the challenges of developing a trading method, while revealing the Toshchakov’s approach to the market–both from a philosophical and tactical point of view. You’ll discover specific trading strategies based on recognizable market patterns, get detailed information on entry and exit points, profit targets, stop losses, risk evaluation, and much more.”
I believe this was the first FOREX trading book I had purchased and read – it really was helpful in teaching me the basics and leading me in the right direction.
“In Come Into My Trading Room: A Complete Guide to Trading, Dr. Alexander Elder takes you far beyond the three M’s (Mind, Method, Money) of his international bestseller Trading for a Living. He teaches you to manage your money and time, as well as strategy, so that you can enter the markets with confidence and exit with profits. This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. You get to follow him through several actual trades, whose entries and exits illustrate many of the key concepts of this book.”
I have been a real fan of Kathy Lien since I first started trading, I highly recommend this book.
Day Trading The Currency Market
“Written by Kathy Lien—chief strategist for the number one online currency broker in the world—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this market actually works. It contains actionable information and strategies, which can help you enter this highly competitive arena with confidence and exit with profits.”
Trading for a Living: Psychology, Trading Tactics, Money Management
Trading for a Living Successful trading is based on three M’s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:
* How to become a cool, calm, and collected trader
* How to profit from reading the behavior of the market crowd
* How to use a computer to find good trades
* How to develop a powerful trading system
* How to find the trades with the best odds of success
* How to find entry and exit points, set stops, and take profits
Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment
This dynamic and all-inclusive FX trading primer provides you with a practical, market-proven arsenal of currency trading weapons and solid tactical knowledge. From a focused look at how the FX market works to specific trading setups designed to produce high-probability profits in the widest possible range of market situations, Technical Analysis of the Currency Market explores:
* Important similarities and differences between the FX market and equity, option, and other financial markets
* Five key themes that drive the currency markets and which technical tools traders can use to best exploit them
* Technical analysis insights and examples for both trend and range trading setups
* Five chart patterns, well known to equity analysts, that have proven effective in currency trading
* Oscillator strategies for spotting quickly developing divergences between momentum and price
* Methods for spotting common price patterns that are the building blocks for understanding and interpreting price flow
Warrior Trading: Inside the Mind of an Elite Currency Trader
In Warrior Trading, Clifford Bennett, one of today’s leading currency forecasters, outlines a path to trading success by highlighting the characteristics, the knowledge and skills, and the psychological state of mind required to be a true warrior trader. You’ll be introduced to some fresh and unique perspectives regarding the markets, by looking at fundamental and technical analysis, as well as discovering how best to trade within the markets as an individual. Most importantly, you’ll learn how to take advantage of those moments when the perceptions of most traders (the herd) are at odds with the underlying reality-moments when fear, greed, and other emotions wreak havoc on the ordinary trader’s ability to operate objectively.
The Disciplined Trader: Developing Winning Attitudes
This work aims to help traders learn the critical behaviours necessary in responding to market conditions and opportunities. The author – an experienced commodities trader – has considered and confronted the problems he experienced in trading.