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Trading book(s) - please recommend if you can

  • #1
  • First Post: Dec 4, 2019 5:44am Dec 4, 2019 5:44am
As the title suggests, I am looking for a trading book. I do not really care if it is for currency or stocks or whatever as I believe all market foundations remain similar.

I don't mind any type of books whether it's technical or psychological.

However before you recommend anything, please make sure that this rule is satisfied:

THE AUTHOR MUST BE A PROFITABLE TRADER DURING HIS TIME

Thats pretty much the only thing I care about.

Thank you everyone in advance
  • #2
  • Dec 4, 2019 9:50am Dec 4, 2019 9:50am
Quoting mabooz
As the title suggests, I am looking for a trading book. I do not really care if it is for currency or stocks or whatever as I believe all market foundations remain similar. I don't mind any type of books whether it's technical or psychological. However before you recommend anything, please make sure that this rule is satisfied: THE AUTHOR MUST BE A PROFITABLE TRADER DURING HIS TIME Thats pretty much the only thing I care about. Thank you everyone in advance
I'm not sure any author of any book has been proven to have been successful, but could be wrong there. My favorite technical book has been Reading Price Charts Bar by Bar by Al Brooks. Million Dollar Trader by Don Miller was interesting, particularly during some of his draw down days.
Small disciplines repeated with consistency lead to great achievements.
  • #3
  • Dec 4, 2019 2:25pm Dec 4, 2019 2:25pm
i started reading trading in the zone by mark Douglas
  • #4
  • Dec 4, 2019 4:10pm Dec 4, 2019 4:10pm
Quoting mabooz
THE AUTHOR MUST BE A PROFITABLE TRADER DURING HIS TIME
Ok, let's start with the basics then.

http://<a href="https://www.youtube....He0bXAIuk0</a>
Timing Direction Strength
  • #5
  • Dec 4, 2019 5:12pm Dec 4, 2019 5:12pm
A few of my favorites, in no particular order:

  1. Market Wizards by Jack Schwager (and all the other books in the Market Wizard series)
  2. Winning on Wall St by Martin Zweig
  3. Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market by Mark Minervini
  4. The Alchemy of Finance by George Soros

Self-sufficiency is the greatest of all wealth. - Epicurus
  • #6
  • Dec 4, 2019 5:13pm Dec 4, 2019 5:13pm
Quoting finessence
{quote} Ok, let's start with the basics then. https://www.youtube.com/watch?v=PHe0bXAIuk0
Yep, that video is pure gold.

This one is also very good:
Inserted Video
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #7
  • Dec 5, 2019 6:57am Dec 5, 2019 6:57am
Quoting mabooz
I am looking for a trading book.
//------

david dreman's ....... contrarian investment strategies......


chapter 1..... the sure thing that almost nobody plays......

You go home and get your stash. You return to the casino with your fistful of money, excited, eager for action, all the time figuring how you'll do even better at the game. But then a strange thing happens. You walk into the red wing and start to play.
//-----

just a note of caution, contrarian investing works best for those in no real need for money and plenty of real time not to need it in......h
to trade and code, keep both simple... no call to impress....h
  • #8
  • Dec 5, 2019 1:27pm Dec 5, 2019 1:27pm
Quoting Ef5
A few of my favorites, in no particular order: Market Wizards by Jack Schwager (and all the other books in the Market Wizard series) Winning on Wall St by Martin Zweig Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market by Mark Minervini The Alchemy of Finance by George Soros
Well, I'd say Soros would certainly qualify for the "profitable trader" requirement. I may pick up that one and give it a read.
If in doubt, paddle out!
  • #9
  • Dec 7, 2019 3:42am Dec 7, 2019 3:42am
Quoting Ef5
A few of my favorites, in no particular order: Market Wizards by Jack Schwager (and all the other books in the Market Wizard series) Winning on Wall St by Martin Zweig Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market by Mark Minervini The Alchemy of Finance by George Soros
The Alchemy of finance, that’s a really good book. Even I would suggest that.
  • #10
  • Dec 8, 2019 1:27pm Dec 8, 2019 1:27pm
Quoting finessence
{quote} Ok, let's start with the basics then. https://www.youtube.com/watch?v=PHe0bXAIuk0

This is a great video, I never watched before but I did come up with the same conclusion after couple years of conclusion. Thank you.

I just hoped he would explain more how to identify where we are at exactly at the bigger picture
  • #11
  • Dec 8, 2019 1:28pm Dec 8, 2019 1:28pm
Quoting salv236
i started reading trading in the zone by mark Douglas
I did read that book.

Was mark a real profitable trader?
  • #12
  • Dec 8, 2019 4:56pm Dec 8, 2019 4:56pm
Quoting mabooz
As the title suggests, I am looking for a trading book. I do not really care if it is for currency or stocks or whatever as I believe all market foundations remain similar. I don't mind any type of books whether it's technical or psychological. However before you recommend anything, please make sure that this rule is satisfied: THE AUTHOR MUST BE A PROFITABLE TRADER DURING HIS TIME Thats pretty much the only thing I care about. Thank you everyone in advance
"Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns", by Igor Toshchakov

here are comments and explanation for the book's content : https://www.forexfactory.com/showthread.php?t=21887
  • #13
  • Dec 8, 2019 9:33pm Dec 8, 2019 9:33pm
Quoting mabooz
{quote} I just hoped he would explain more how to identify where we are at exactly at the bigger picture
You don't need that info to trade profitably.
Timing Direction Strength
  • #14
  • Edited 4:14am Dec 9, 2019 3:58am | Edited 4:14am
Quoting finessence
{quote} Ok, let's start with the basics then. https://www.youtube.com/watch?v=PHe0bXAIuk0
Hi,
Ray Dalio is an investor, not a trader. Significant difference I'd say.
Fundamental analysis works mostly for large investment portfolios, not for the up&down Forex roulette.

Forex is random. Stocks grows permanently (sure, some casual recessions, but lifetime overall growing)
In investment, if you're stupid strategist, you only need big capital and pacience. Market will get you something somehow if you're patient.
In Forex ...you need luck mostly And that makes it a gamble

I'd recommend NNTaleb - Fooled By Randomness.
Taleb was a player fooled by randomness in the market before he became a successful investor
It will make you understand the diff between gambling, trading and investing.

Quoting Ef5
{quote} Yep, that video is pure gold. This one is also very good: https://www.youtube.com/watch?v=cy43vfYaxk0
Uncle Tudor here was also a crazy lucky "market player" before understanding investment
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  • #15
  • Dec 9, 2019 4:17am Dec 9, 2019 4:17am
Quoting TudorIoan
Forex is random. In Forex ...you need luck mostly And that makes it a gamble
I disagree... nothing is random in Forex... everything makes perfect sense if someone knows how to look at it...
  • #16
  • Dec 9, 2019 4:18am Dec 9, 2019 4:18am
Quoting Igrok
{quote} I disagree... nothing is random in Forex... everything makes perfect sense if someone knows how to look at it...
Are you get paid by the brokers? No problem, lotta people here are. Suit yourself!
Member
  • #17
  • Dec 9, 2019 4:21am Dec 9, 2019 4:21am
Quoting TudorIoan
{quote} Are you get paid by the brokers? No problem, lotta people here are. Suit yourself!
what a BS guess...
  • #18
  • Dec 9, 2019 4:22am Dec 9, 2019 4:22am
Quoting Igrok
{quote} what a BS guess...
Hey, show me a permanent constant in Forex! If you're not able to do so, stop posting BS if you can't prove it!
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  • #19
  • Dec 9, 2019 4:27am Dec 9, 2019 4:27am
Quoting TudorIoan
{quote} Hey, show me a permanent constant in Forex! If you're not able to do so, stop posting BS if you can't prove it!
my templates... developed 20 years ago... still no need to reconsider... just to adjust to volatility changes...
  • #20
  • Dec 9, 2019 4:29am Dec 9, 2019 4:29am
Quoting Igrok
{quote} my templates... developed 20 years ago... still no need to reconsider... just to adjust to volatility changes...
Exactly. Keeeeep adjusting! Good luck!
I'll rest my case.
People are not aware of what randomness really is.
That's why 95% of you lose money in Forex
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