There are many currency books but here I have selected three that every trader should have in their library of books - if you are seasoned pro or novice trader these books are great forex education.
1. Market Wizards (Jack Schwager)
Schwager interviews 17 trading legends including Richard Dennis, Paul Tudor Jones, Ed Seykota, Marty Schwartz, Tom Baldwin and others. The traders interviewed are not just traders their super traders. There methods may all be different but there is something to learn from all of them,
One of the top-selling trading books of all-time and with good reason - if you can't learn from these guys then there really is no hope
2. What I Learned Losing a Million Dollars - (Jim Paul Brendan Moynihan)
This books focus is on losing and may seem an odd choice as essential reading but it is for this reason as it correctly states
There are many different ways to make money but only a few ways to lose it.
Part biography and part a lesson in money management - if you only thought money management was placing a stop you need this book.
One of the most unique trading books you will ever read.
It focuses on the fact that trading and investing are personal journeys; about finding out who you are, and then how to manage what you find and use this understanding to trade successfully.
The reason why most traders never make money is they don't understand that success comes from within and that trading is all about self knowledge not the method they are using.
3. The Way of the Turtle - (Curtis Faith)
While visiting a turtle farm, legendary trader Richard Dennis had a bet with his big pal and trading partner - Bill Eckhardt that traders were not born - they could be taught.
To settle the bet, they recruited a group of individuals from all walks of life, gave them accounts to trade, and trained them for 14 days and nicknamed them the Turtles.
The Turtles proved Dennis right and earned more than $100 million in less than four years.
Here the most successful turtle Curtis Faith goes through the experiment in great depth offering his unique perspective on the experiment.
He explains why the Turtle Way works in today's markets and how to apply it. He also shares his wisdom on taking risks, choosing your own path, and learning from your trading mistakes.
So there you have 3 currency trading books that are essential forex education.
Keep in mind:
Currency trading is relatively easy to learn in terms of method the real problem is getting the right mindset and all the above books will give you a unique insight into getting the right mindset to succeed in currency trading.
Treat yourself and get these 3 currency trading books and learn from true market pro's.
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Frequently Asked Questions
Does the method really works for intraday traders ...
By: chim | 26-10-2007
Does the method really works for intraday traders ? It seems like breakout strategy ?
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