Hi all
I am a complete beginner and have thoroughly enjoyed the School of Pipsology and have begun trading on demo accounts… I am looking out for some literature to further my learning and was wondering if anyone has any recommendations??
Results so far have been abysmal and I would be very appreciative of any tips on good literature or websites that would help further my knowledge and hopefully with it my results…
Many thanx
There are several threads on this forum devoted to book recommendations.
Here is one — 301 Moved Permanently
Search the forum for the others.
Some titles keep coming up in recommendations, over and over again.
Here are several — in no particular order — that get repeated often:
Mark Douglas: [B]Trading in the Zone[/B], and [B]The Disciplined Trader[/B]
Dr. Alexander Elder: [B]Trading for a Living[/B], [B]Come Into My Trading Room[/B], and [B]Sell & Sell Short[/B]
Kathy Lien: [B]Day Trading the Currency Market[/B], and [B]Day Trading & Swing Trading the Currency Market[/B]
Kathy Lien and Boris Schlossberg: [B]Millionaire Traders[/B]
Jack Schwager: [B]The New Market Wizards[/B]
Brett Steenbarger: [B]Enhancing Trader Performance[/B]
Michael Covel: [B]The Complete Turtle Trader[/B]
Curtis Faith: [B]Way of the Turtle[/B], and [B]Inside the Mind of the Turtles[/B]
Van Tharp: [B]Trade Your Way to Financial Freedom[/B], and [B]Super Trader[/B]
Max Gunther: [B]The Zurich Axioms: Investment Secrets of the Swiss Bankers[/B]
John Murphy: [B]Technical Analysis of the Financial Markets[/B]
Steve Nison: [B]Japanese Candlestick Charting Techniques[/B], and [B]Beyond Candlesticks[/B]
Mark Galant and Brian Dolan: [B]Currency Trading for Dummies[/B]
Barbara Rockefeller: [B]Technical Analysis for Dummies[/B]
If you’re very new to forex trading, you’re probably wondering which one, or two, or three of these books you should start with. Ask any 5 traders, and you will get 5 different answers to that question.
My answer would be: [B]Technical Analysis for Dummies[/B], [B]Japanese Candlestick Charting Techniques[/B], and either one of the Mark Douglas books.
Forex education is essentially a do-it-yourself endeavor. And it should be a life-long pursuit. For the duration of your career as a trader, you should be reading and learning. So, take it a step at a time.
Clint
also be sure to check out Free Forex Education | Learn Forex Trading with Forex4Noobs
its a great website that focuses on price action trading
Just wondering if there were any suggestions as to any good Fundamental Analysis, or economic books that anyone would suggest for newbies.
Most forex traders are technical traders. But, there’s a Babypips forum for traders who want to keep an eye on fundamentals: Fundamental-ville: Learn & Discuss the Fundamentals of Forex Trading
I haven’t seen a book list over there. But if you inquire on that forum, maybe the veterans over there will start a list.
Thanks Clint, i’ll give it a go.
Look for a book on the net by a trader who calls himself Phantom of the pits, it has no copyright and is free to download. Personally its among the best I’ve read and i’ve read plenty.
I should mention it doesn’t discuss fundamentals or economics and is meant for traders with some experience but its one of the best books on trading.
Thank you guys, I appreciate ur thoughts…
Good job I have a lot of time to read… 
For anyone who wants to see what this is about, here’s the link: http://www.earnforex.com/forex_e-books/forex_market/phantom_of_the_pits.pdf
I have downloaded it. I have not read it.
Great list! Definitely helpful for us newbie traders.
Yeah, agreed keep the list going :}
Some of those I am interested in reading sometime.
I have Van K. Tharp’s Super Trader, looks real good.
Tom
Thank you all for your input guys…
I have downloaded the Phantom of the Pits book and am deeply engrossed in it, I especially like the definition of a good trader being one who is the best loser!!
Rome wasn’t built in a day afterall so I expect to take many a hammering on the road to becoming a good trader, and hope one day to become an utterly superb loser… 
[B]rtv2,[/B]
The October issue of Futures Magazine has an article on forex fundamentals that you might find to be useful. Here’s a link:
Forex fundamentals are multidimensional - Forex - Futures Magazine
Also, here is an article in Investopedia by Boris Schlossberg and Kathy Lien that you should read:
Investopedia - Free Report - Five Key Factors that Move the Forex Markets
Clint
Thanks Clint, i appreciate the links to the articles. I know most people around here don’t like the “F” word, Fundamentals that is, but i just have this itch about learning Fundamentals.
Indeed, I just started Forex myself a few months ago…I was into trading just plain ole stocks which had alot more fundamentals to them. but when i came to forex and read two books and started trading a little bit I noticed fundamentals are basically gone. lol.
Im 85% through the book “The Ultimate Day Trader” By Jacob Berstein…its a great book to read and is awesome if your a begginner like me 
What were the other two?
thanks clint for the list … especially for
"John Murphy: Technical Analysis of the Financial Market"
can you guys suggest some more books on “pure technical analysis”
If you have completed the school here on Babypips, you already have a pretty good basic understanding of FOREX. I would recommend delving into the psychological aspect more deeply as it is most traders achilles heel. Alexander Elder’s’ 'Trading for a Living is an excellent place to start. When you’ve finished that Mark Douglas’s books are also very good.
Good luck!
A couple of days ago, I heard on the news that [B]Walmart[/B] is taking on the big online book-sellers in a price war.
I decided to browse the Walmart site — Search results for investing - Walmart — looking for books on trading and economics.
Here’s what I found.
These books are listed in no particular order — just the order in which I found them on the website.
This is not a list of “recommended” books, although you will see some familiar titles here.
And I don’t know how these prices compare to Amazon or Barnes and Noble, the book-sellers Walmart is supposedly undercutting.
This list is simply FYI:
[B]Technical Analysis for Dummies[/B]
List Price: $24.99
Our Price: $15.83
You save: $9.16 (37%)
Trade Paper, For Dummies, 2004, ISBN# 0764540440
Author: Rockefeller, Barbara
Format: Paperback
[B]Economics for Dummies[/B]
List Price: $21.99
Our Price: $13.30
You save: $8.69 (40%)
Paperback, For Dummies, 2005, ISBN# 0764557262
Author: Flynn, Sean
Format: Paperback
[B]Reminiscences of a Stock Operator[/B]
List Price: $19.95
Our Price: $12.00
You save: $7.95 (40%)
Paperback, John Wiley & Sons, 2005, ISBN# 0471770884
Author: Lefevre, Edwin
Format: Paperback
[B]Manias, Panics, and Crashes: A History of Financial Crises[/B]
List Price: $19.95
Our Price: $12.00
You save: $7.95 (40%)
Paperback, John Wiley & Sons, 2005, ISBN# 0471467146
Author: Kindleberger, Charles P.
Format: Paperback
[B]Trading for a Living: Psychology, Trading Tactics, Money Management[/B]
List Price: $80.00
Our Price: $48.38
You save: $31.62 (40%)
Hardcover, John Wiley & Sons, 1993, ISBN # 0471592242
Author: Elder, Alexander
Format: Hardcover
[B]Study Guide to Technical Analysis of the Financial Markets[/B]
List Price: $39.95
Our Price: $25.32
You save: $14.63 (37%)
Paperback, New York Institute of Finance, 1999, ISBN # 0735200653
Author: Murphy, John J.
Format: Paperback
[B]Market Wizards: Interviews with Top Traders[/B]
List Price: $17.00
Our Price: $11.91
You save: $5.09 (30%)
Paperback, HarperCollins Publishers, 1993, ISBN # 0887306101
Author: Schwager, Jack D.
Format: Paperback
[B]The New Market Wizards: Conversations with America’s Top Traders[/B]
List Price: $17.99
Our Price: $12.00
You save: $5.99 (33%)
Paperback, HarperCollins Publishers, 1994, ISBN # 0887306675
Author: Schwager, Jack D.
Format: Paperback
[B]Stan Weinstein’s Secrets for Profiting in Bull and Bear Markets[/B]
List Price: $19.95
Our Price: $12.00
You save: $7.95 (40%)
Paperback, Irwin Professional Publishing, 1991, ISBN # 1556236832
Author: Weinstein, Stan
Format: Paperback
[B]Day Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Swings[/B]
List Price: $70.00
Our Price: $42.34
You save: $27.66 (40%)
Hardcover, John Wiley & Sons Inc, 2005, ISBN# 0471717533
Author: Lien, Kathy
Format: Hardcover
[B]Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups[/B]
List Price: $59.95
Our Price: $41.43
You save: $18.52 (31%)
Hardcover, McGraw-Hill, 2005, ISBN# 0071459588
Author: Carter, John F.
Format: Hardcover
[B]The Wealth of Nations[/B]
List Price: $7.99
Our Price: $6.79
You save: $1.20 (15%)
Mass Market Paperbound, Bantam Books, 2003, ISBN# 0553585975
Author: Smith, Adam
Format: Paperback
[B]Capitalism and Freedom: Fortieth Anniversary Edition[/B]
List Price: $16.00
Our Price: $9.60
You save: $6.40 (40%)
Paperback, University of Chicago Press, 2002, ISBN # 0226264211
Author: Friedman, Milton
Format: Paperback
[B]Use the News: How to Separate the Noise from the Investment Nuggets and Make Money in Any Economy[/B]
List Price: $13.95
Our Price: $11.72
You save: $2.23 (16%)
Paperback, HarperBusiness, 2002, ISBN # 0066620872
Author: Bartiromo, Maria
Format: Paperback
[B]The Commanding Heights[/B]
List Price: $16.00
Our Price: $11.21
You save: $4.79 (30%)
Paperback, Touchstone Books, 2002, ISBN # 068483569X
Author: Yergin, Daniel
Format: Paperback
[B]Tools and Tactics for the Master Daytrader: Battle-Tested Techniques for Day, Swing, and Position Traders[/B]
List Price: $55.00
Our Price: $33.26
You save: $21.74 (40%)
Hardcover, McGraw-Hill Companies, 2000, ISBN # 0071360530
Author: Velez, Oliver
Format: Hardcover
[B]Long-Term Secrets to Short-Term Trading[/B]
5 out of 5 Stars
List Price: $85.00
Our Price: $62.05
You save: $22.95 (27%)
Hardcover, John Wiley & Sons, 1999, ISBN # 0471297224
Author: Williams, Larry R.
Format: Hardcover
[B]The Richest Man in Babylon[/B]
List Price: $13.00
Our Price: $10.75
You save: $2.25 (17%)
Paperback, Plume Books, 1989, ISBN # 0452267250
Author: Clason, George S.
Format: Paperback
[B]The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities[/B]
List Price: $55.00
Our Price: $36.26
You save: $18.74 (34%)
Hardcover, McGraw-Hill Companies, 2000, ISBN # 0071363092
Author: Farley, Alan S.
Format: Hardcover
[B]The 10 Essentials of Forex Trading: The Rules for Turning Patterns Into Profit[/B]
List Price: $34.95
Our Price: $22.15
You save: $12.80 (37%)
Hardcover, McGraw-Hill Companies, 2007, ISBN# 0071476881
Author: Martinez, Jared F.
Format: Hardcover
[B]Candlestick and Pivot Point Trading Triggers, + CD-ROM: Setups for Stock, Forex, and Futures Markets [With CDROM][/B]
5 out of 5 Stars
List Price: $85.00
Our Price: $59.57
You save: $25.43 (30%)
Hardcover, John Wiley & Sons, 2006, ISBN# 0471980226
Author: Person, John L.
Format: Hardcover
Yes, I also heard news to that effect recently.
Not only do they want to rival Amazon and the like, but also in all their other departments that they (Walmart) have.
I am surprised that they did not start their online department store presence earlier (it has been rather minimal in comparison), - they hope to be the largest online retail department store with the best prices.