Best Book out there for n00bies

Quote from Drew07:

I bought a book yesterday titled "Getting started in Futures" by Todd Lofton.

I bought this one last night in addition to Japanese Candlestick Charting Techniques by Steve Nison.

This book is right were I need to be; learning the basics, the language and what actually goes on in the market.

Quote from late apex:

D_D, forget books for now. What you need is:

1) to learn about the fundamentals of markets, asset classes, instruments, order types, basic technical analysis, money and risk management, psychology of trading, and so on. You couldn't go wrong with Van Tharp's "Trade Your Way to Financial Freedom" for a first-rate introduction to the proper framework and mindset you'll need to start developing and cultivating. The framework and mindset, both of which go against the human nature itself, for most people.

However, most of what you need to master for now is free online, if you only bother to look. You are here on ET... good start.

2) to start accumulating screen time, in simulation mode. Don't trade, even though it's not real money; observe. As Yogi Berra put it, "You can observe a lot just by watching."

Good luck.


Thanks for the advise apex! I am browsing the web for information and spend just about every free moment on this site, pouring over the endless posts. I find books to be the best source of information for me, I can only take so much RGB reading before my eyesockets feel more like the saguaro cactus outside my window.

I read the first few pages of Reminiscences of a Stock Operator on Amazon... this looks like a must have, thanks Trader273.
 
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