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Some forex brokers like Oanda offers the options of opening more than one account under the same client name. From what I see, is this going to invite abuses? I can think of 2 examples. 1) Create track record. Open two accounts under the same name and do the opposite trades. One side wins and...

He covers a lot in his "quite thick" book but I really can't tolerate his style of writing. There are some very different book titles mentioned as well as some familiar ones. Again, to each his own. If I were to choose one trading book which has helped me most, it has to be "Trading In...

Education Of A Speculator is a good read if you already have a trading framework or a concept of what you want or are looking into the thought process of a great trader to further improve your understanding. It is of not much value to somebody who is just learning how to trade. Different...

Michael Marcus said : "I think to be in the upper echelon of successful traders requires an innate skill, a gift. It's just like being a great violinist. But to be a competent trader and make money is a skill you can learn."

The stock market is filled with individuals who know the price of everything, but the value of nothing. Philip Fisher, Common Stocks And Uncommon Profits

Have a look at my Recommended Trading Books.

Have a look at my Recommended Trading Books.

Good trading is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake. The balance between confidence and humility is best learned through extensive experience and mistakes. There should always be respect for the person on...

My list of recommended trading books with comments. Trading Books

There is nothing so disastrous as a rational investment policy in an irrational world. John Maynard Keynes

Learning to place stops is like learning to drive defensively. A stop is not a perfect tool but it is the best defensive tool we have. Alexander Elder

I believe that many lessons and insights can be gained from trading quotes by market wizards. Read through them time and again so that they become mantras. They have a way to make you form a subconcious confidence and acceptance that trading is about probability and acceptance of losses is a...

Are you sure this is from Shakespeare??? It is from Mark Twain, I think.. OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.

Show me the charts, and I'll tell you the news. Have an opinion on what the market should do but don't decide what the market will do. Be happy with a percentage of the move. Bernard Baruch

I have two basic rules about winning in trading as well as in life: If you don't bet, you can't win. If you lose all your chips, you can't bet. Larry Hite

"According to my theory of initially self-reinforcing, but eventually self-defeating trends, the trend is your friend most of the way; trend followers only get hurt at inflection points, where the trend changes. Most of the time I am a trend follower, but all the time I am aware I am a member of...

"Most traders don’t have a winning strategy. Even among those who do, many don’t follow their strategy. Trading put pressure on weaker human traits and seems to seek out each individual’s Achilles’ heel." Gil Blake

"Probably my best technique is not picking up the phone to close out a winning trade." Jerry Parker, another Turtle

"Don't worry about what the markets are going to do, worry about what you are going to do in response to the markets. " Michael Carr

That is why Van K.Tharp said:- "I seldom see a system that over a number of years produces profits that are much bigger than the transaction costs it generates - that is, if a system generates a million dollars in net profits, then it probably generates more than a million dollars in...