Hello everyone!
I’ve finished the school some months ago and till now i practice a while in DEMO.
to be honest I have not been very constant, but now I want to start again from the beginning.
Could you please suggest me some books I MUST read to get more knowledge about trading?
The book “you must read to understand how it works”.
Thank you very much 
Before you get opinions on which is the best or better book. You may want to sit down and write out what kind of trader you are or want to be. Things like personality, risk tolerance, experiences. Write out as much as you can about yourself. For example some people can open a trade and come back in a couple of days and see where their at. Some people can’t so they may trade shorter time frames. After personality you’ll want to write out money you have available for trading, support from home and what you’re trying to accomplish by trading forex etc.
Forex like most things is about making good decisions, especially when you first start. By figuring out what kind of trader you are and what do you want from trading first you will save time by not spending it reading, listening to things that are not applicable to your situation.
Now keep in mind, how you start is probably not how you’ll finish. For example when I started, I did what I’m saying you should do and discovered for me and learning about short term trading was better first, so I concentrated my efforts learning short term 1st. I bought a book by one of the top traders in the world, only to find out the person was a longer term trader which is not what I wanted. On the other hand, a video about Fibonacci strategies and volume spread analysis was exactly what I was looking for. Now to quote another great trader, I’m no longer a short or long term trader. . .I am just a trader who follows my plan to trade opportunities no matter how or what they are.
You will also find out a lot of things about yourself (good and bad) if you find out what kind of trader you are or want to be and what you have to work with. Hope that helps
Gp
Hello gp00053,
first of all, thank you for your answer.
i want to tell you that, concerning babypips’ test, I should be a long term trader, because of my personality and the time I could spend trading.
But, if I must be honest, I would like to be a short term trader.
I can’t stay for long time without looking the chart, especially when I have some open position.
Till now, I practiced some method using max 3hrs timeframe, starting from 30 min chart.
So, I don’t really know, should I follow babypips’ test suggestion, or should I follow what I want to do?
I would like to be a short term trader, and I also want to know more about this kind of trading.
Thank you.
You should follow what you want to do. First of all as you get more learning and more practice things that seem impossible to understand now in six months you’ll look at yourself in the mirror and say to yourself “Really?” “I’m trying to see why this gave me such a hard time a few months ago” We all go through it.
What I mean by find out what kind of trader your are or you want to be. Then spend your time using the applicable information. A lot of things are the same no matter what kind of trader you are or money you start with. For example most successful traders will tell you , you need a trading method that over the long run will give you more positive than negative results. You have to use a money management plan that will protect your capital as well as grow it. Lastly your method and money management will have to be followed using patience and discipline.Those 3 don’t change; how you approach and deal with each is what changes based on time.
Keep this in mind, nothing worth having comes easy another thing that crosses all traders and no matter how they approach trading is it’s not an easy business and you need to put in a lot of hard work and no matter how long you’ve been trading always try to learn somthing new. On the other hand there is nothing like doing somthing you love and getting paid well for it.
Good Luck
Gp
That’s a step in the right direction! If the personality test and your gut feel seem to be giving different results, I suggest you take a few months to put both strategies into practice and figure out which works better for you. You should also keep track of your progress with a trade journal. If you’re still torn between long-term and short-term trading, you can always opt for the middle ground, which could involve multiple time frame analysis.
Wow. gread advice gp and pip. Thanks a bunch here too
Since I started practice in demo, I always follow short-term strategy.
I have to tell you that the results weren’t good, I wasn’t costant and at the end of the month I didn’t reach my goal.
So, probably, starting from a new strategy, I will choose the long term trading, but the question is still open, what kind of book do you suggest me to read to get more knowledge?
Thank you