On top of that, I like their focus on risk management. This forex trading book will definitely give you a solid foundation. With that, you can move on to learning advanced forex trading concepts. In fact, in Chapter 20 of this book, you will find 10 recommended trading books for you to move on to. This book is called The Sensible Guide. Its sensibility comes from its focus on risk.
It introduces position sizing early and recommends it as the best way to control your trading risk. It also warns against having too many positions on. For any trading book, a focus on risk is a good sign.
Forex for Beginners | Anna Coulling - PDF Free Download
In this book, Cliff Wachtel gives a solid introduction to forex trading. On top of that, he covers a decent scope of technical and fundamental analysis for currencies. If you want to read some stuff by Cliff Wachtel before getting his book, you can head over to his website here.
But this book offers a variety of practical trading strategies. For each trading idea, it explains the rationale and background. Then, John Jagerson shows you the actual tools that can help you apply them. In this book , he shares his many years of market observation.
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Intermarket analysis is a potent weapon in the hands of a well-trained forex trader. After all, markets are interlinked. And no market has more linkages than the currency market. Top traders learn from history. The mass market does not. A historical perspective is what this book offers. Be careful.
#1: Forex For Beginners by Anna Coulling
This should not be your first forex trading book. It dives straight into the linkages, historical performance, and cycles of the forex markets. This is not a book to pick up the basics. You should already have some experience trading forex.
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Then, I recommend this book if want to shift towards fast intraday scalping. However, take note that scalping is a challenging trading method to master. If this is the path you choose, be prepared to put in long hours of practice. The purpose is to attract a large group of new traders. Flip it open and look through it for specific forex information. Nonetheless, remember that technical analysis is a general method to understand the financial markets.
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Hence, most technical trading methods can be applied to all markets. A forex trader can learn how to draw trend lines from a futures trading book. A futures trader can also learn how to spot divergences from a forex trading book. Home Explore.
Forex For Beginners Anna Coulling
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