At first glance, it may seem difficult to comprehend, as the author strives to explore the topic in depth, using professional terminology. The author also devotes considerable attention to stock screeners and screening formulas to select stocks for diversified portfolios. The book focuses on non-standard forecasting methods and tools.
It is written in simple language with a touch of humor that draws the reader in from the very first pages. Practicing on a demo account without a solid understanding of the theoretical underpinnings is akin to embarking on a journey through a forest without a map. Become our client, start trading, and participate in the anniversary contest.
Best Technical Analysis Books For Every Trader
- It isn’t difficult to notice the disadvantages of this book as we have already pointed out several.
- It covers a wide range of topics, including classic profitable strategies and high probability trading, without delving too deeply into minor details.
- Now, why have we liked this book and why do we recommend reading it?
- This is not only one of the most informative books on forex trading, it was also the very first one that introduced western traders to candlestick patterns.
“…And he’s a very profitable trader so what he says should be listened to.” Read more “…Short sections with interesting sub-headings make reading easy. The book is also written in contemporary conversational style….” Read more Customers find the book clear and informative, with easy-to-understand examples, and one customer notes that it contains plenty of charts to illustrate the points.
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The author classifies market trends into various categories, each with distinct characteristics and, consequently, different analysis models. As Jake Bernstein’s book illustrates, each author has their own perspective on trading. The book is entirely devoted to day trading, including blue chips, penny stock trading, etc.
What do customers buy after viewing this item?
This prompted my desire to learn, and since then I have been involved in every aspect of trading and investing for over seventeen years. I’m ready to open a trading account and make money from Forex Each author has a distinct style, practical experience, and trading systems and tools. Also, do not open trades with maximum leverage; close positions before the trading session ends. Each of the books described in this review merits your attention. This question can only be answered by someone who has read extensively on trading theory and has experience in trading.
Written by a Professional Day Trader with Over 30 Years of Experience
An edge of the trading strategy is just an indication of a higher success ratio, which can be expressed either as more wins than losses or as bigger wins than losses. Although, you will easily find some really stupid things there, it is worth all the time and money spent on it. Your next best trade just might be hidden on the next page. Whether it’s Currency Trading for Dummies to get the ball rolling, Naked Forex to master price action, or Trading in the Zone to fine-tune your psychology, the options are abundant. Douglas explains the importance of mental freedom to overcome the fear, uncertainty, and over exuberance that interferes with trading results.
Creating your personalized trading system for long-term success
“…Suggested reading, bibliographies, and end notes are very important indicators on how serious the author is about his or her subject….” Read more Customers find the book easy to read, with one customer noting it is essential reading. “This book is very much to the point and written in human readable way, not delving into abscure mathamatics and graphs.” Read more
From the Author
You will also find it handy if you want to learn how to develop simple and effective trading systems and get a feel for market psychology. This is an excellent book on day trading for those who are unfamiliar with the basics of trading. After reading at least some of these books, you will find it easy to move on to more advanced books that may have seemed difficult before. Join thousands of successful traders, open an account and start earning. He co-authored Naked Forex with Walter Peters, drawing on his extensive experience in the foreign exchange market.
Author Jelle Peters
Customers appreciate the writing style of the book, describing it as well-written and conversational, with one customer noting its unusual clarity. “I am a complete newbie. Easy to read. Covers many topics. Volume discussion is very good. Next is the psychology.” Read more “…This is a great and complete introductory book!” Read more
The author explains in detail why many traders struggle with psychological barriers that prevent them from achieving their financial goals. This book on day trading will be invaluable for those who wish to take a respite from theory and technical aspects and delve into the realm of self-discovery and mindfulness. This book does not offer trading systems, technical or fundamental analysis.
They appreciate its educational value, with one customer noting it’s great for novice and intermediate traders, and another highlighting its focus on risk management. This book provides traders with step-by-step methodologies that are based on real market tendencies. “…With mention of trading psychology in addition to detailed explanations of how the markets work and how to trade them, the book is well rounded and…” Read more Customers find the book provides great insight into forex trading and is easy to understand, with one customer noting how it removes the guesswork from trading. “…time to run through all details, it TEACHES you about the market, trading, techniques, money management and risk….” Read more “Excellent book! I truly recommend it to everyone willing to learn the basics about forex trading….” Read more
This book is a must-read for beginner traders who want to get a solid understanding of day trading and learn how to put it into practice. Troy Noonan is an author, full-time professional day trader, trade system developer, and trading coach with decades of experience in the study of markets and their behavior. How to deploy the same techniques professional forex traders use to understand and anticipate trends and patterns in the global currency markets.
In recent years, traders have turned to the foreign exchange market expecting to capture substantial profits. The strategies in this book are presented clearly and in detail, so that anyone who wishes to can learn how to trade like a professional. Customers find the book worth its price, particularly noting the chapter on trading volume and price analysis. “This book is extremely well written and very easy to understand. Anyone wishing to learn about FOREX should read this book.” Read more “…run through all details, it TEACHES you about the market, trading, techniques, money management and risk….” Read more
- Forex for Ambitious Beginners is not a big long book, the volume is small and under 200 pages but it is surprising to find how many useful information can be found in such a small book.
- This book on day trading will be invaluable for those who wish to take a respite from theory and technical aspects and delve into the realm of self-discovery and mindfulness.
- The most comprehensive book on intraday trading, spanning nearly 500 pages.
- Not much if you have some positive live trading experience in Forex.
Alex Nekritin is a professional forex trader and educator. Achieving consistent profitability in forex trading requires dedication and systematic practice. By committing to a well-tested system and maintaining discipline, traders can break free from the cycle of doom and achieve consistent profitability. This cycle prevents traders from developing the expertise and confidence necessary for long-term success. Mastering these patterns allows traders to enter trades with better timing and higher confidence.
Some find the book particularly helpful for beginners, while others criticize the renaming of traditional patterns and repetitive writing. Regular review and refinement of the system based on performance data and changing market conditions are essential for continued success. Your beliefs will drive your trading. Confidence is the most important ingredient for trading success. To become an expert at anything, you must do it at least 10,000 times. Each catalyst has specific rules for identification and trading.
Each book is valuable, engaging, and distinctive in its own way. This will equip you with the professional skills you need to thrive in the forex book review market. Every book is valuable and engaging in its own way. It is dedicated entirely to the psychological aspects of trading.
