FOREX books what is worth to read?

[NEW_FXer]

Originally Posted by Oskar

I don't believe in buying books is better then the free advise right in here. Since I have videos and books (the one you pay for) I know they don't have more then you can find right in here.

Save the money, open a Oanda account and play very micro units from the start. Of course after you read in here more and went trough the babypips school.

My 2 cents (or more)

Forgot to mention, the time will come you think you have to buy one of this 400 500 800 and more dollar softwares. Just forget it waste of time and money, only safe money for the one that sells it. Think: If his software works perfect and makes money would he sell it?

I agree on the idea of softwares "if the software do work why should they sell the software why didn't they just trade forex using it I believe much more higher profit can be made in trading Forex than just selling a book"

Now regarding books I know basic stuffs can be found for free and forums such as this great forum is the place to look in for these things but my idea was > will you find those big boys in forex posting on forums and helping newbie guys .. well it can be but some may think for bigger help and popularity in writing books .. This is why I thought may be you can get different things out of a book.

[SanMiguel]

It's all here and you have the forums.
If you had to buy 1, I would say get Steve Nison's book "Japanese Candlestick charting". However, there are a lot of patterns in there not 100% related to forex as it's stocks as well but lots and lots of explanations to drill it home. ALso, when you receive the book, rip out all the end pages on indicators Oh, no actually maybe leave them there because then you can sell it back to someone else 2nd hand on eBay.

[phil838]

Originally Posted by NEW_FXer

I agree on the idea of softwares "if the software do work why should they sell the software why didn't they just trade forex using it I believe much more higher profit can be made in trading Forex than just selling a book"

Now regarding books I know basic stuffs can be found for free and forums such as this great forum is the place to look in for these things but my idea was > will you find those big boys in forex posting on forums and helping newbie guys .. well it can be but some may think for bigger help and popularity in writing books .. This is why I thought may be you can get different things out of a book.

The big boys aren't big because they have different methods or secret teachings. They're the big boys because they have more money, not more knowledge.

[triphop]

Aggh!

It's not free, it's certainly not all available here, there are plenty of secrets, lots of different ways of trading you're not aware of, and many books that can point you in some of these directions.

To the original poster, check out some of the previous threads here and on other forums... get reading

[PIPstealer]

Originally Posted by Oskar

I don't believe in buying books is better then the free advise right in here. Since I have videos and books (the one you pay for) I know they don't have more then you can find right in here.

Save the money, open a Oanda account and play very micro units from the start. Of course after you read in here more and went trough the babypips school.

My 2 cents (or more)

Forgot to mention, the time will come you think you have to buy one of this 400 500 800 and more dollar softwares. Just forget it waste of time and money, only safe money for the one that sells it. Think: If his software works perfect and makes money would he sell it?

Hey Oskar,

Thanks for your reply. I am already demo trading on a GFT Forex account so its definitely been a big help to be able to apply what I have learnt so far here, and in the babypips school. My knowledge is still quite low so its best that I keep reading this site

[ToddWeek]

Fooled by Randomness by Nassim Nicholas Taleb

After reading this book, you will realize who the crackpots are and how not to be fooled by them. Side benefit, BabyPips becomes a really funny place.

You'll never look at charts and indicators in the same way. They become comical.

[Betting]

I really recommend, "The New Market Wizards". Not only about forex, but about other types of trading as well. It doesn't go into the technicalities of trading at all, but a lot of personal stories and most importantly, the mindset of those famous traders we would all love to be!!

Having said that, everyone here will tell you what is exactly in that book, if you can't control your emotions in trading you will lose your account. The book only tells us what we already now, but it is an interesting read.

[johnnykanoo]

After reading this book, you will realize who the crackpots are and how not to be fooled by them. Side benefit, BabyPips becomes a really funny place.

why do you always manage to insult people? why don't you just grow up? if everybody here are crackpots or whatever you are implying than why don't you just go somewhere else?

[ToddWeek]

Originally Posted by johnnykanoo

why do you always manage to insult people? why don't you just grow up? if everybody here are crackpots or whatever you are implying than why don't you just go somewhere else?

Did you actually read what I posted? I didn't say everyone here was a crackpot.

The real question is what is the real reason you think I am insulting people all the time? But let's take a closer look at what you are saying about this.

If my "implication" is false, then you have nothing to worry about, do you? If a person reads the book, they won't see any crackpots.

If my "implication" is true, then I am doing the "newbies" a service by letting them know about the book. If a person reads the book they'll be able to spot a crackpot and have a good laugh.

In either case, there is no harm done to the "newbies".

johnnykanoo, it is obvious that you haven't read the book because you are acting exactly like the people the author talks about. Perhaps you are afraid the "newbies" may have a different opinion about you after they read the book. Is that it?

Side note: johnnykanoo lists the state of Connecticut as home. I find it highly amusing that someone from one of the original 13 colonies doesn't act in accordance with the FIRST AMENDMENT.

"I do not agree with what you have to say, but I'll defend to the death your right to say it." - Voltaire

"Those who don't remember the past are condemned to repeat it." - George Santayana

Perhaps history wasn't one of your favorite subjects.