What are the top books for new forex traders to read?

[radex78]

As so often, Radex, what you say is technically true but also completely missing the point.

The point here is that although success on demo is no guarantee of success with a funded account, you can be sure as hell that someone without success on demo has no chance at all with a funded account.

If likely still fail in demo account hence it's mean not suggested to start on funded account, might better learn again in demo account until really having good understanding

 

[Esha.J]

If one is fail after demo trading then he should demo trading on serious mode, what i mean is that take demo as live account otherwise how many demo account you win will not going to help you.

 

[CyberWarrior]

Actually although any trader success in demo this is also not will guarantee will success also in real account, might we often hear many trader success in demo but get failure in real account, because many reason, trading in real account involved emotion while in demo free from emotion pressure

Yeah they may lose in real account, but if they don't do Demo before entering the real trade, their chances of losing increases.

 

[Herbert]

I read these books beforeI started trading Forex, Market Wizards and Mastering the Trade. I would also recommend them for beginners too.

 

[radex78]

Yeah they may lose in real account, but if they don't do Demo before entering the real trade, their chances of losing increases.

Yes indeed, I am also at first time knows forex only reading from theory with using certain rules how to trades using indicator, and only practice in demo several day only then directly jump to real account, but when first time look floating making heart beat faster

 

[TheRumpledOne]

All you need to know about trading

 

[Trading Education Buyer]

“Long trading books, when read, are usually overpraised, because the reader wishes to convince others and himself that he has not wasted his time.”

It is an obvious example of a need to be right , after using useless books , he praised them to satisfy himself , that he had not wasted his time.

 

[radex78]

Maybe some trader on learning stage will enjoy with reading ebook but some another like with learn directly with practice, learn basic trading system then try out on real account or if still doubt can use demo account

 

[comagnum]

I know you asked about books - I get a lot out of these taped interviews with traders, it is like buying 100 of the best trading books for free: https://soundcloud.com/chat-with-traders

 

[doggyfx]

I am interested in trading forex and curious as to what books you advise to read. I am really looking at trading mini forex at first if there is book for that possibly.

Thanks

I studied Hull's Options Futures and other derivatives and its "financial markets" book. the reason for reading about exchange traded instruments is that they are closely related to CFD contracts (which are also described there) also there are many ideas and models of how you can analyze markets and setup Money management strategy what is very crucial if you don't want to wander in the woods, making random trades etc.