Hello to everyone, and a question/suggestion about books to read

Hi there,

finally decided to introduce myself. Been interested in Forex for along time. Have got a small real trading account where I am learning to trade without getting upset about losses and not celebrating my wins too much ;). I found a managed trading system that has worked surprisingly well and really got my interest in Forex rekindled.

Goal is to develop my own system in MT5 as I enjoy programming and half automate the trading process (in the end I will of course fully automate it :)…). This project is ongoing

I went through the School of Pipsology about 1 to 2 years ago. Currently viewing no nonsense Forex on YouTube and reading through books on many different (financial) topics.

This brings me to my question, and my first contribution to the community! Below you will find my reading list (self-googled, not limited to Forex, but with heavy focus on financial matters). Please let me know if one or two of the books seems to be a waste of my time and if I have forgotten something obvious! For all the other newbies out there it might be a good first place to look for book suggestions!

List of general financial focused books:

  • The Complete Turtle Trader read- can recommend
  • The Richest man in Babylon read- can recommend
  • Rich Dad Poor Dad read- can recommend, but ignore the story about his dads, its the message he conveys that makes the book worth reading
  • The Intelligent Investor
  • Market Wizards
  • The New Market Wizards
  • Unshakeable
  • Beating the Street

Forex specific books:

  • Naked Forex read - not my style of trading, but is still recommendable
  • Currency Trading For Dummies (to be bought in e-book bundle with Investing, and Investing in shares for Dummies)
  • Forex Trading Book Bundle by Cedric Telstine (not sure about this one, but it is dirt cheap so will probably give it a try)

Programming books:

  • Expert Advisor Programming for MT5 currently reading nice introduction to MT5 programming

Honorary mentions:

  • Principles read- really great book by Ray Dalio
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hi Mate , most welcome to this trading community , happy trading.

i liked your book collection that you have mentioned. but i dont believe any bookish knowledge.

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Nice selections! Ive not read Market Wizards yet but a friend has mentioned its a great read!

The other market wizards books, Reminiscences of a stock operator and Naseem Talebs books are very good.

Thank you for the suggestions! I did not know that there where more market wizard books! I had to google it. I assume you mean the books written by the market wizards interviewed in the book “market wizards”?

Reminiscences of a stock operator will go straight on to my list.

It seems Naseem Talebs has written quite a few books! Anyone in particular you recommend? I already heard of “Fooled by Randomness”, thus I will add it to my list :).

No I meant the other Market wizards books by Jack Schwager. Some of the wizards in his books have written some good stuff too such as Dalio and Minervini.

In fact if you want a fantastic 30 minute video to sum up the basics of the economy this video by Dalio is brilliant. Should be shown in every school in my opinion.

https://www.youtube.com/watch?v=PHe0bXAIuk0&t=723s

Fooled by randomness is the one to go to, complex subject but an easy read.

I’ve read many trading related books and I can honestly say that not one of those has helped to improve my trading skills by any measure.

**Trading in the Zone ** - Mark Douglas