Best books on currency trading

[AlfredGervais]

I offer a personal perspective only, on the above observation (in the knowledge that some, here, will disagree with it): I would avoid such "webinars" like the plague, myself, and stay well away from "trading the news", for two main reasons ...

1. Jumping in ahead of news is gambling. What you're asking about here is a way of stacking the deck even further against yourself in a field of endeavour which has very low overall success-rates to start with. "News" is both one of the most difficult and one of the most dangerous approaches (each for various different reasons which unfortunately need quite a lot of experience to appreciate), for aspiring traders.

2. Webinars, collectively, tend to be very unreliable sources for "information", and there are reasons for that. Online, anyone can publish anything, with no quality control or peer review at all, and look authoritative. I found it very helpful, when initially learning, to stick to reading well-recommended, well-established, mainstream, orthodox trading textbooks, published by well-recommended, well-established, mainstream, orthodox publishers (i.e. "peer-reviewed" and "quality controlled") and avoiding internet "information".

i totally understand your point of view. however, the webinars i follow not necessarily, or focused only in financial news or market forecasts. there are also trading strategies tackled. anyway thank you so much for the brief explanation of your thought. it was highly appreciated!

 

[CyberWarrior]

You would find lots of books and webinars online, all you need to do is to do a little research, you will have everything you want.

 

[Xela]

You would find lots of books and webinars online, all you need to do is to do a little research, you will have everything you want.

I'd strongly advise aspiring traders to avoid "webinars". Online, anyone can publish anything, with no quality control or peer review at all, and look authoritative - and most webinars are published for promotional/marketing purposes.

I found it very helpful, when initially learning, to stick to reading well-recommended, well-established, mainstream, orthodox trading textbooks, published by well-recommended, well-established, mainstream, orthodox publishers (i.e. "peer-reviewed" and "quality controlled") and avoiding internet "information".

 

[dealmaker]

I'd strongly advise aspiring traders to avoid "webinars". Online, anyone can publish anything, with no quality control or peer review at all, and look authoritative - and most webinars are published for promotional/marketing purposes.

I found it very helpful, when initially learning, to stick to reading well-recommended, well-established, mainstream, orthodox trading textbooks, published by well-recommended, well-established, mainstream, orthodox publishers (i.e. "peer-reviewed" and "quality controlled") and avoiding internet "information".

I am a proponent of webinars as long as you don't buy anything. My goal in attending a webinar was to pick up a tid bit to tweak my trading not to find holy grail.

 

[Xela]

My goal in attending a webinar was to pick up a tid bit to tweak my process not to find holy grail.

I've done this, too.

But in great contrast to that, CyberWarrior is recommending webinars, in general, as a way of learning the basics, because he's extremely naive and gullible and (here, as elsewhere) really has remarkably little idea what he's talking about. And someone should post at least to try to counteract the BS he produces (just in case anyone makes the mistake of taking him seriously).

 

[doggyfx]

I'd strongly advise aspiring traders to avoid "webinars". Online, anyone can publish anything, with no quality control or peer review at all, and look authoritative - and most webinars are published for promotional/marketing purposes.

I found it very helpful, when initially learning, to stick to reading well-recommended, well-established, mainstream, orthodox trading textbooks, published by well-recommended, well-established, mainstream, orthodox publishers (i.e. "peer-reviewed" and "quality controlled") and avoiding internet "information".

All this material provided in a webinar can be grasped in a hour. Webinars all tend to present trading as a simple and funny game where you can make money. Deliver wrong impression about how the difficult trading is.

 

[propwarrior]

'Advanced trading techniques' usually means 'spreads,' i.e. twice the risk for half the profit.

FX is generally traded as spreads Surf.

 

[CyberWarrior]

I would prefer to learn through Demo trading, than to learn with books and also after that we can learn about the Forex trading through small investments.

 

[Xela]

I would prefer to learn through Demo trading, than to learn with books

The people who would prefer to try to "learn" through demo trading without reading any textbooks first, so they know what they're looking for and can actually benefit from their screen-time experience, are the ones who end up thinking they've had "three years' experience" when what they've actually had is three months' poor and unhelpful experience repeated 12 times over.

The basics of probability and statistics, which every aspiring trader necessarily needs to learn and understand, in order to have any real chance of ever becoming steadily successful, are counterintuitive - that means they can't be learned by screen-time/demo practice.

That's why advocating "learning from demo trading rather than from books" is truly dreadful advice: really, really bad, and hugely counterproductive. Both are necessary - but in the right order. You can't "recognise" patterns without first learning to identify them.

 

[lovethetrade]

That's why advocating "learning from demo trading rather than from books" is truly dreadful advice: really, really bad, and hugely counterproductive. Both are necessary - but in the right order. You can't "recognise" patterns without first learning to identify them.

Who said you need to identify patterns, patterns are irrelevant to me. 99% of what I know is self-taught.