If likely still fail in demo account hence it's mean not suggested to start on funded account, might better learn again in demo account until really having good understanding
If one is fail after demo trading then he should demo trading on serious mode, what i mean is that take demo as live account otherwise how many demo account you win will not going to help you.
Yeah they may lose in real account, but if they don't do Demo before entering the real trade, their chances of losing increases.
I read these books beforeI started trading Forex, Market Wizards and Mastering the Trade. I would also recommend them for beginners too.
Yes indeed, I am also at first time knows forex only reading from theory with using certain rules how to trades using indicator, and only practice in demo several day only then directly jump to real account, but when first time look floating making heart beat faster
“Long trading books, when read, are usually overpraised, because the reader wishes to convince others and himself that he has not wasted his time.” It is an obvious example of a need to be right , after using useless books , he praised them to satisfy himself , that he had not wasted his time.
Maybe some trader on learning stage will enjoy with reading ebook but some another like with learn directly with practice, learn basic trading system then try out on real account or if still doubt can use demo account
I know you asked about books - I get a lot out of these taped interviews with traders, it is like buying 100 of the best trading books for free: https://soundcloud.com/chat-with-traders
I studied Hull's Options Futures and other derivatives and its "financial markets" book. the reason for reading about exchange traded instruments is that they are closely related to CFD contracts (which are also described there) also there are many ideas and models of how you can analyze markets and setup Money management strategy what is very crucial if you don't want to wander in the woods, making random trades etc.