Forex Trading, Read Some Books Before
Though there is no qualification required to do Forex trading and you are free to bid without showing your degree or certificate, it is a learned skills and often those who have read reliable books on it, do well. Here I am talking about some books on Forex trading that you prefer to read when you are actually looking for harnessing your trading skills. These books have been in publication for long and proven their value for traders.
The first book that I can discuss with you is, ‘Trader Vic – Methods of a Wall Street Master’ by Victor Sperandeo. As the writer himself was a trader, he knows what he is talking about i.e. he makes a lot of sense when he is sharing ideas on investing money. He says that it is equally important for traders whether they are doing Forex trading or stock trading to develop a frame of mind.
‘Trader Vic – Methods of a Wall Street Master’ deals in from psychology, to trend following correctly, to money management. Several of the reviews of the book claim that it has helped them lay the practical groundwork for their trading. They admit that the book provides exclusive information on how to use trade analysis, trend, trading psychology, etc. and make profitable Forex trading decisions.
Traders who read ‘Trader Vic – Methods of a Wall Street Master’ admit that it really helped aspiring traders to better understand knowledge of trading science as it is written in pure layman language. When some book or manual is written in laymen’s language it is understood and taken well by a wide audience.
Regarding the subjects or issues covered in the book, the traders who have read it and implemented the ideas claim that the book honestly delivers what headings of some great insights on Business Philosophy for Consistent Success, Finding Order in Market Chaos, A true understanding of Trends, The Merits and Hazards of TA, etc.
Another book traders may want to read is ‘What I Learned Losing a Million Dollars’ by Jim Paul Brendan Moynihan. The writer of the book deals with trading psychology wherein traders also need to learn how to win and when they are losing.
Here the writer admits that a major part of the book is his own life and how he learned trading skills and money management that paid him later on.
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