Hi,
I am new to forex and have been studying the babypips school every night.
I just wanted to know if there are any books that i should be reading to further enhance my understanding of forex or trading in general?
Thanks,
ajcrawford
I would focus on finishing the school and cementing your knowledge of the basics. Then focus on finding the strategy that suits you. Once you find a strategy that suits you, you can start worrying about additional reading material.
One thing I noticed while going through the phase that you are now; there is way too much completely irrelevant information available. It is very easy to overwhelm yourself with information that has little to nothing to do with the way you approach trading. What’s good advice and knowledge for one system may be completely useless for another.
Ari Kiev, Mark Douglas, Jac Schwagger and Alexander Elder.
Thanks for your advice!
I will finish the school first and focus on getting a strategy.
You might want to check out Price Action when you’re ready. It uses relatively few indicators and is pretty popular due to its ease of use. There are a lot of great threads in the Free Forex Trading Systems subforum.
Oh yeah, the holy grail: The combination of Price Action and lot of patience. I do price actionfrom a long time now.
How to make a living Trading Foreign Exchange by Courtney D Smith, and Way of the Turtle by Curtis Faith
This is an Over fried thread. But my Brain is over fried. I’ve been reading “Trading for a living” Courtney Smith and “Trading with Dinapoli Levels” as well as this web site and countless others, and I still don’t understand a thing. I’m getting there though!
I would suggest “Day trading the currency market” by Keithy Lien.
That sounds like a good book, I’ll check it out, more Brain Food!
Over Done that is!
Pring on Price Patterns
and yes, go through the Babypips School.