I can say unequivocally that without reading the trading book in this market you can't go far.
People who do not develop will eventually end up with nothing. The well-known argument what is better, books or practice, makes no sense they are parts of a single coin.
The question of "what to read" is also abstract. There is plenty of meaningful reading. Except that I would advise not to bury yourself especially in books about the stock market, if you work in the Forex market, for example. The candles are different there (daily gaps between sessions), and it's a different world.
Don't skip books about trading psychology. They are often fascinating and your brain will rest after looking at the charts all day.
Practice on the charts. Read again. Work through them again. In parallel, work with a live chart. That's how you slowly become a trader.
Always keep in mind the main thing whatever is described in the book, it is only a particular view of one author and there are thousands of such views. What you need is a personal, individual approach to the market. If trying to copy or adopt someone else's style of trading you will not get far.
You can only trade by being yourself. And to become a self-sufficient trader, you must break through the mind of someone who's been in the market for decades. Take from them what suits you psychologically and create your own. Only yours that you will then not be able to pass on to anyone.
What books to read
This is a very popular question. There are a lot of books to read.
Books on technical analysis;
Books on psychology of trading;
Books and articles about price action.
Your task, averagely, is to get at least a general idea about trading at first.
Therefore, read about the basics of technical analysis:
Reuters. Technical Analysis for Beginners.
The basics of candlestick analysis:
Steve Neeson. Japanese Candlesticks. Chart Analysis of Financial Markets
Gregory Morris. Method for analyzing stocks and futures
Psychology:
Mark Douglas. Trading in the Zone.
Edwin Lefebvre. Memories of a Stock Speculator
Sometimes a whole book is worth reading for the sake of a single phrase that can sort out the mess in your head.
How to Read a Trading Book
Most books, as you know are easier to find in electronic form.
Personally, I read mostly in electronic form on my MacBook and iPad. Why is it convenient to read on the laptop exactly the trading books? Well, you can immediately open the chart, practice what you read, plus write down the appropriate thoughts in your electronic diary, take screenshots.
An alternative method is print the books you want on a laser printer. Some people get it at work and others buy a simple laser printer at home.
You can buy the least expensive model and print thousands of pages. It is not difficult to staple them and your eyes will be less tired (although I am more than satisfied with the apple screen). Likewise, a good e-reader like the Amazon Kindle or Pocketbook.
No one owns the market. Hence the logical consequence there is no grail, no secret mathematical formula or method of guaranteed prediction. Not in any book or course. Not a single indicator. Not one candlestick pattern or price action pattern. No teacher on the planet that "knows the market." No guaranteed signals that make you feel good. There aren't any.
There is only mathematical probability and all the traders in the world are learning to "tilt" it slightly in their direction, reducing losses and increasing profits. The market is a zero-sum game. Money constantly moves from one hand to another without ever sticking around.
Many hedge funds last 3-4 years and disappear. Now you made a million, tomorrow you gave 2, the day after you made 4, lost 5, went bankrupt, came back again, etc. Books allow us to learn a lot of these stories.
Thousands, tens of thousands of author's views are what trading books are all about. Not a guarantee, not some special way to suddenly become a unique forecaster by reading it.
People who do not develop will eventually end up with nothing. The well-known argument what is better, books or practice, makes no sense they are parts of a single coin.
The question of "what to read" is also abstract. There is plenty of meaningful reading. Except that I would advise not to bury yourself especially in books about the stock market, if you work in the Forex market, for example. The candles are different there (daily gaps between sessions), and it's a different world.
Don't skip books about trading psychology. They are often fascinating and your brain will rest after looking at the charts all day.
Practice on the charts. Read again. Work through them again. In parallel, work with a live chart. That's how you slowly become a trader.
Always keep in mind the main thing whatever is described in the book, it is only a particular view of one author and there are thousands of such views. What you need is a personal, individual approach to the market. If trying to copy or adopt someone else's style of trading you will not get far.
You can only trade by being yourself. And to become a self-sufficient trader, you must break through the mind of someone who's been in the market for decades. Take from them what suits you psychologically and create your own. Only yours that you will then not be able to pass on to anyone.
What books to read
This is a very popular question. There are a lot of books to read.
Books on technical analysis;
Books on psychology of trading;
Books and articles about price action.
Your task, averagely, is to get at least a general idea about trading at first.
Therefore, read about the basics of technical analysis:
Reuters. Technical Analysis for Beginners.
The basics of candlestick analysis:
Steve Neeson. Japanese Candlesticks. Chart Analysis of Financial Markets
Gregory Morris. Method for analyzing stocks and futures
Psychology:
Mark Douglas. Trading in the Zone.
Edwin Lefebvre. Memories of a Stock Speculator
Sometimes a whole book is worth reading for the sake of a single phrase that can sort out the mess in your head.
How to Read a Trading Book
Most books, as you know are easier to find in electronic form.
Personally, I read mostly in electronic form on my MacBook and iPad. Why is it convenient to read on the laptop exactly the trading books? Well, you can immediately open the chart, practice what you read, plus write down the appropriate thoughts in your electronic diary, take screenshots.
An alternative method is print the books you want on a laser printer. Some people get it at work and others buy a simple laser printer at home.
You can buy the least expensive model and print thousands of pages. It is not difficult to staple them and your eyes will be less tired (although I am more than satisfied with the apple screen). Likewise, a good e-reader like the Amazon Kindle or Pocketbook.
No one owns the market. Hence the logical consequence there is no grail, no secret mathematical formula or method of guaranteed prediction. Not in any book or course. Not a single indicator. Not one candlestick pattern or price action pattern. No teacher on the planet that "knows the market." No guaranteed signals that make you feel good. There aren't any.
There is only mathematical probability and all the traders in the world are learning to "tilt" it slightly in their direction, reducing losses and increasing profits. The market is a zero-sum game. Money constantly moves from one hand to another without ever sticking around.
Many hedge funds last 3-4 years and disappear. Now you made a million, tomorrow you gave 2, the day after you made 4, lost 5, went bankrupt, came back again, etc. Books allow us to learn a lot of these stories.
Thousands, tens of thousands of author's views are what trading books are all about. Not a guarantee, not some special way to suddenly become a unique forecaster by reading it.
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex