Best books on currency trading

Discussion in 'Forex' started by Daal, Jan 27, 2017.

  1. i totally understand your point of view. however, the webinars i follow not necessarily, or focused only in financial news or market forecasts. there are also trading strategies tackled. anyway thank you so much for the brief explanation of your thought. it was highly appreciated! :)
     
    #21     Feb 9, 2017
    Xela likes this.
  2. You would find lots of books and webinars online, all you need to do is to do a little research, you will have everything you want.
     
    #22     Mar 6, 2017
  3. Xela

    Xela


    I'd strongly advise aspiring traders to avoid "webinars". Online, anyone can publish anything, with no quality control or peer review at all, and look authoritative - and most webinars are published for promotional/marketing purposes.

    I found it very helpful, when initially learning, to stick to reading well-recommended, well-established, mainstream, orthodox trading textbooks, published by well-recommended, well-established, mainstream, orthodox publishers (i.e. "peer-reviewed" and "quality controlled") and avoiding internet "information".
     
    #23     Mar 6, 2017
  4. dealmaker

    dealmaker

    I am a proponent of webinars as long as you don't buy anything. My goal in attending a webinar was to pick up a tid bit to tweak my trading not to find holy grail.
     
    Last edited: Mar 6, 2017
    #24     Mar 6, 2017
    Xela likes this.
  5. Xela

    Xela


    I've done this, too. :cool:

    But in great contrast to that, CyberWarrior is recommending webinars, in general, as a way of learning the basics, because he's extremely naive and gullible and (here, as elsewhere) really has remarkably little idea what he's talking about. And someone should post at least to try to counteract the BS he produces (just in case anyone makes the mistake of taking him seriously).
     
    #25     Mar 6, 2017
    dealmaker likes this.
  6. doggyfx

    doggyfx


    All this material provided in a webinar can be grasped in a hour. Webinars all tend to present trading as a simple and funny game where you can make money. Deliver wrong impression about how the difficult trading is.
     
    #26     Mar 8, 2017
  7. FX is generally traded as spreads Surf. :D
     
    #27     Mar 8, 2017
  8. I would prefer to learn through Demo trading, than to learn with books and also after that we can learn about the Forex trading through small investments.
     
    #28     Mar 10, 2017
  9. Xela

    Xela


    :rolleyes:

    The people who would prefer to try to "learn" through demo trading without reading any textbooks first, so they know what they're looking for and can actually benefit from their screen-time experience, are the ones who end up thinking they've had "three years' experience" when what they've actually had is three months' poor and unhelpful experience repeated 12 times over.

    The basics of probability and statistics, which every aspiring trader necessarily needs to learn and understand, in order to have any real chance of ever becoming steadily successful, are counterintuitive - that means they can't be learned by screen-time/demo practice.

    That's why advocating "learning from demo trading rather than from books" is truly dreadful advice: really, really bad, and hugely counterproductive. Both are necessary - but in the right order. You can't "recognise" patterns without first learning to identify them.
     
    #29     Mar 10, 2017
  10. lovethetrade

    lovethetrade Guest

    Who said you need to identify patterns, patterns are irrelevant to me. 99% of what I know is self-taught.
     
    #30     Mar 10, 2017