please recommend good books for futures trading and day trading?

Discussion in 'Index Futures' started by mizhael, Feb 6, 2009.

  1. slacker

    slacker

    Watching a screen by itself will not work. Research done on people learning to play chess and music shows that there is a big difference between 'passive observation' and 'committed practice'. To reach 'committed practice' in trading requires actual trading with real money. Get an Oanda FX account and trade with 1 cent = 1 pip real money but cheap cost of an education. It doesn't matter what you trade, just trade using the smallest possible trade size.

    Medical research has shown that different areas of the brain are used when profit is the goal compared with the area used to 'build skills'. Trading just 1 cent pips can put you in the 'profit skills/committed practice' area of the brain. Training anything else is a waste of time. There is no reward for being the best paper trader on ET!

    Also, forget the books. Expensive and slow. Check out http://tv.ino.com they have a collection of trading seminars that go back 15 years. Watch everything by Williams, LeBeau, Ryan Jones, Linda Bradford Raschke, etc. Some really great seminars here. Some dated by technology but well worth the time. Then search ET for commentary on each speaker.

    Good trading,
     
    #31     Feb 7, 2009