Forex Book

The New Sell and Sell Short by Alexander Elder

admin — Thu, 02 Jun 2011 17:08:26 +0000

The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines is a 2nd edition of his not very popular trading book titled Sell and Sell Short. This one is timely piece of trading education that can be of a great help during current times of recession and bearish markets out there. If you’ve read some of the best-selling books by Alexander Elder (which I strongly recommend doing): Entries and Exits, Trading for a Living, Come into My Trading Room, you should already know that Dr. Elder knows what he’s talking about and knows how to tell it to the traders, so that they would learn something really useful and helpful. This book unites his emotional and psychological studies with the most sophisticated trading methods to create a strategy to trade by selling and selling short. Of course, not everything here can be applied successfully to Forex market, but it still contains many lucrative lessons for all types of traders.
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Attacking Currency Trends by Greg Michalowski

admin — Mon, 02 May 2011 21:03:02 +0000

Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market is the first trading book by the expert trader Greg Michalowski. While there are tons of Forex books about short-term trading, swing trading and scalping, this guy aims something bigger — Greg talks about capturing profit from the long-term trades — big fish of the Forex market. To get to the point where it’s possible, the author offers quite a simple but yet powerful trading system. The first part of the book is dedicated to some general introductions and recommendations regarding how to trade Forex. The second part is about some exact technical methods proposed by Michalowski and his own instructions for trade execution. This book may be useful to traders that are still looking a strategy that would fit their personality.
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Diary of a Professional Commodity Trader by Peter Brandt

admin — Sat, 02 Apr 2011 18:33:48 +0000

Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading is general master-plan for a successful Forex trading system. Peter Brandt is an experienced trader and an author of several trading and psychology-related books. In this work, he makes emphasis on the commodity and currency trading (despite what the title would suggest, commodities here also include some of the Forex currency pairs). The book is divided into four chapters. The first one is an introduction to the author’s principles and ideas. Unlike many other books on Forex, it doesn’t make an introduction into the market itself. The second part is dedicated to the actual characteristics of the successful trading plan for commodity markets with a lot of chart pattern examples and various how-to‘s. The third part is the actual five months of trading applying the principles laid out earlier in the book. The final part, the fourth one, offers a wrap-up of the whole book, summing up the example conclusions and offering some ideas for the assessment of a trading system performance.
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Way of the Turtle by Curtis Faith

admin — Sat, 02 Apr 2011 12:09:24 +0000

Way of the Turtle or The Secret Methods that Turned Ordinary People into Legendary Traders talks about principles derived from the famous Trading Turtles experiment proposed and conducted by Richard Dennis more than 25 years ago. The book is written by one of the Turtle Traders — Curtis Faith. The experiment has successfully showed that the a newbie trader may taught trading skills quite fast and that almost everyone can trade profitably given these necessary skills. Way of the Turtle offers the main ideas behind the original Turtle Rules offered by Richard Dennis with various additions and development from Curtis Faith. Like the original Turtles experiment intended, this book will also teach you everything you need to become a successful financial trader even without a previous experience in the field. If it has worked some people in late 20th century, why won’t it work for you now?
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The 10 Essentials of Forex Trading by Jared Martinez

admin — Sat, 02 Apr 2011 11:34:32 +0000

The 10 Essentials of Forex Trading (The Rules for Turning Trading Patterns into Profit) is a complete Forex trading guide written by a prominent expert in currency market Jared Martinez. Although the book is more suited for the beginner traders, some of the information in it might come to use even for the skilled Forex market operators. The main focus of the book is on the technical indicators and various chart objects (e.g. Fibonacci retracements, support/resistance levels, trendlines, etc.) Fundamental analysis is also covered, though the attention paid to this part can’t be compared with the technical analysis part. In the end, both the money management guidance and suggestions for the further steps are given to the reader. All in all, it’s quite a good book with its own minor disadvantages and average advantages. If it won’t make the next George Soros, it will definitely set you up on a right track, preparing your for a deeper and more complex Forex reading.
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The Daily Trading Coach by Brett N. Steenbarger

admin — Thu, 03 Mar 2011 16:40:13 +0000

The Daily Trading Coach or 101 Lessons for Becoming Your Own Trading Psychologist is a trading psychology book written by a clinical psychologist and active trader — Brett N. Steenbarge. The author is famous for his writings on psychology of trading. The book is assembled in form of lessons (with exactly 101 of them), each showing some important self-discipline practice or a trait that can be used in trading. The Daily Trading Coach can be recommended to all traders, disregarding the experience level, as this book can really improve one’s market performance. It won’t teach you trading, but instead it discusses everything related to discipline and emotions: from the process of practicing in trading to coping with stress to self-coaching processes. Of course, you have to be quite open-minded and eager to work on yourself if you want to benefit from this book, but it’s definitely worth both that and its price.
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Super Trader by Van K. Tharp

admin — Thu, 03 Mar 2011 16:23:34 +0000

Super Trader (Make Consistent Profits in Good and Bad Markets) by Van K. Tharp is a complete-guide type of book that tries not to be specific in regards of particular markets but rather shows what are the components of a successful trading strategy and, more precisely, a real Super Trader. If you’ve read Tharp’s previous book Trade Your Way to Financial Freedom, you should know that, although he isn’t a professional trader, Tharp is a great coach in trading. He studied a lot of successful systems and traders and knows what it takes to become one of them. This book will show you how to prepare yourself psychologically, how to develop a good trading plan and then a trading strategy, how to use the position sizing properly and finally how to avoid the popular mistakes in trading. Super Trader can be called a must-read for traders of all markets.
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Pring on Price Patterns by Martin Pring

admin — Thu, 03 Mar 2011 16:04:40 +0000

Pring on Price Patterns is a book written by Martin Pring, which he calls a definitive guide to price pattern analysis and interpretation. The book starts off by offering some basic explanations — for example, why the patterns work at all. The author also introduces some supporting concepts that will help in pattern trading. Then Martin proceeds to the traditional patterns — such as the rectangles, triangles and head-and-shoulders, giving a lot of explanations. After that, the information about the short-term patterns composed just of 1–3 bars is given (inside bars, outside bars, reversal patterns, etc.). Finally, Pring offers some conclusive consideration regarding how to use those patterns best. This book can barely be called a super encyclopedia about patterns but it’s definitely a good guide to get yourself into chart pattern trading and become successful in this area.
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Elliott Wave Principle by A.J. Frost and Robert Prechter

admin — Wed, 02 Feb 2011 19:25:21 +0000

Elliott Wave Principle (Key To Market Behavior) is a book that covers the most misunderstood and yet the most powerful chart analysis technique — Elliott Wave theory. A.J. Frost and Robert Prechter did a great job by writing this book to introduce the concept of Elliott Waves and techniques that can use them in trading. The first half of the book is an explanation and description of what is Elliott Wave theory — how do they look like, of what parts are they composed, how different wave forms look like, what Elliott Wave patterns exist and why some are important and others aren’t. The second part of this book is dedicated to actual application of the described waves and their various forms in practice — and not only in trading! What’s so great about Elliott Waves is that they can be used in any market — stocks, Forex, futures, bonds — simply everything. It’s not a simple technique, there’s nothing easy in detecting and marking the waves correctly, but if used professionally, it can give you a significant advantage over other market participants.
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The Little Book of Currency Trading by Kathy Lien

admin — Wed, 02 Feb 2011 19:09:45 +0000

The Little Book of Currency Trading (How to Make Big Profits in the World of Forex) is a yet another introductory book on Forex trading but with a twist — it talks about many important things that get overlooked by other writers in the Forex niche. Kathy Lien is a famous trading author and a Forex analyst; she also wrote a rather popular book Day Trading the Currency Market. Who will like this book? Anyone who is new to Forex trading (even if he’s experienced in other types of financial trading) and bored experienced Forex traders who don’t know what to read. You won’t find any holy grail strategies or some super-effective insights in the book, but it will definitely help you understand all the ins and outs of the Forex market and the current situation in the online currency trading. Of course, it’s won’t complete your trading education and if you actually start trading, you’ll have to go for some other books too.
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