hi
what books do you suggest for learning Forex strategies and financial markets … and algorithmes …algotrading
what do you think aboutalgotrading101 and Quantopian ?
These are the books that helped me, and enabled me to trade profitably …
Profitability & Systematic Trading (Michael Harris)
[I]Trade Your Way to Financial Freedom[/I] (Van K. Tharp) - an outstanding starting-point
[I]Beyond Technical Analysis[/I] (Tushar S. Chande)
[I]Understanding Price Action[/I] (Bob Volman)
[I]Naked Forex: High-Probability Techniques for Trading Without Indicators[/I] (Alex Nekritin & Walter Peters)
[I]Daytrading[/I] (Joe Ross)
[I]Trading The Ross Hook[/I] (Joe Ross)
[I]A Mathematician Plays The Market[/I] (John Allen Paulos)
[I]Fooled By Randomness[/I] (Nassim Nicholas Taleb - [B][U]really[/U][/B] worthwhile!)
[I]Why People Believe Weird Things[/I] (Michael Shermer) - this book and Taleb’s, just above, are hugely helpful - albeit indirectly - for “understanding what’s going on in forums”!
Trading Price Action Trends - Technical Analysis of Price Charts Bar by Bar for the Serious Trader (Al Brooks)
[I]
Trading Price Action Trading Ranges - Technical Analysis of Price Charts Bar by Bar for the Serious Trader[/I] (Al Brooks)
[I]
Trading Price Action Reversals - Technical Analysis of Price Charts Bar by Bar for the Serious Trader[/I] (Al Brooks)
These three books by Al Brooks are not well-written and not particularly easy to read, and probably not for complete beginners; their content, however, is outstanding.
One thing’s for sure: it isn’t quick or easy. I don’t even agree with the people who say “Anyone can do it” (some people have a really deep-seated blind spot with anything mathematical, and they probably “just can’t”). But - by many people - it can be done. Good luck!
I recommend avoiding it like the plague.
It’s undoubtedly of some value to financial institutions with trading-floors and research departments, but to put it mildly, it’s a [U]very[/U] questionable direction indeed for a retail trader; in practice it’s typically just a [U]huge[/U] distraction from learning what you really need to understand, to have a realistic chance of eventually making steady profits from a field of endeavour in which only a tiny proportion of the participants ever manage to do that.
Try
- Technical Trading Systems for Commodities & stocks (Charles Patel)
- The Japanese Chart of Charts (SEIKI SHIMIZU translated by Gregory S. Nicholson)
- Trading in choppy markets (Robert M. Barnes)
Trading in the zone M. Douglas is a must read IMO.