Yeah, this is a very helpful book. With this, I would recommend going with 'Technical Analysis Using Multiple Timeframes' by Brian Shannon.Hi everybody, about this topic I also recommend 'Technical analysis of the financial markets' by John J. Murphy.
You should have a stop-loss order for every forex day trade you make. ... When you have a stop-loss order on your trades, you have taken a large portion of the risk out that investment. If you start taking losses on a trade, the stop-loss prevents you from losing more than you can handle.
Many books in the technical trading space are outdated, but several do stand the test of time. These classics focus on the fundamentals of technical analysis and reading charts as insight into market psychology rather than simply listing off an array of patterns. Among the top books for learning technical analysis is Jack Schwager's "Getting Started in Technical Analysis" and "How to Make Money in Stocks" by William O’Neil.