Quote:
Originally Posted by supermalv85
hey, i'm a real noob here. Just wondering if you can point me out which book out there that is important to read? I really don't know where to start. I read the school of pipsology on here.. Think i'm attracted to pivot points, trend lines and either RSI or stochastic.. oh and probably a moving average as well.
(btw if I only use those I mentioned above, would that make my trading system too simple?)
any help would be greatly appreciated, thx
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If I was going to start with one book...it would be Trading In The Zone by Mark Douglas
It will not teach you strategies, technicals, fundamentals, Fibonacci, etc....it will teach you how to keep yourself in control and how to focus your mind properly.
YOU WANT TO START WITH YOURSELF FIRST. The book will take you about a weekend. It is easy reading. It might seem a bit long in the tooth at times but just sit back down, relax and calmly read through it. Do not try to understand every single part of it. Just read through it and grasp the "big picture" the author is trying to relay to you.
When you are done reading it. Read it AGAIN and this time...pay close attention, make notes and get into it as deep as you can.
I just gave you $1 million dollars worth of advice for free. Even the top traders who are pros acknowledge the power of that book.