Trading Book Recommendations
Discussion
I'm looking for some reading material for a forthcoming holiday and need some recommendations for finance trading books, ideally for the kindle.
I'm not interested in the 10 page 'wait till 50 EMA crosses 100 EMA, on a Tuesday, when it's raining' type books - more sort of experiences or diaries of traders, preferably Forex day traders.
I'm going to give Lee Sandford's book a try, not for any inspiration on his 'systems' just because I'm interested in the path he took from playing football to trading.
I've read the Taleb - Black Swan and Fooled By Randomness books and found them a bit heavy going at times so hopefully something a bit lighter? I tried The Naked Trader one as well but got a bit bored of it and only got half way, not asking much am I ?
Thought this might be the best place to try first as I guess there are one or two PistonHead traders out there.
I'm not interested in the 10 page 'wait till 50 EMA crosses 100 EMA, on a Tuesday, when it's raining' type books - more sort of experiences or diaries of traders, preferably Forex day traders.
I'm going to give Lee Sandford's book a try, not for any inspiration on his 'systems' just because I'm interested in the path he took from playing football to trading.
I've read the Taleb - Black Swan and Fooled By Randomness books and found them a bit heavy going at times so hopefully something a bit lighter? I tried The Naked Trader one as well but got a bit bored of it and only got half way, not asking much am I ?
Thought this might be the best place to try first as I guess there are one or two PistonHead traders out there.
Bluedot said:
Hoofy said:
Cheers, have you read it ?If you do want to get technical at any point then look no further than Murphy:
http://www.amazon.co.uk/Technical-Analysis-Financi...
walm said:
If you are seriously thinking of launching into Forex day trading, please don't.
You will lose money.
Probably lots.
Depends. Some lose a lot, some make a lot. And before anyone has a dig, no I'm neither I just grow trees. You will lose money.
Probably lots.
I recommend Remeniscenes of a Stock Operator, and Taming the Lion.
The former isn't just light reading, there are huge elements of truth and very valuable lessons therein.
Timmy40 said:
Depends. Some lose a lot, some make a lot.
The people who "make a lot" aren't casual day traders who read a book.And frankly the only people who make ANY money consistently in FX are the market makers or exchanges who simply resell the liquidity of fools gladly parting with the money because some tree grower on the internet told them some people "make a lot" trading FX.
No offence to growing trees - a much more laudable profession than mine, which is essentially taking money from fools as per the above, although admittedly not through FX.
DoubleSix said:
oh dear...
Sheesh I was only asking for some light reading on holiday. If I read a footballers biography would that mean I had aspirations of becoming footballer ?
I use a demo account to trade Forex during the day, I find it interesting and am under no illusions that I'll be closing my business next week and becoming a full time day trader.
Sorry if you have a problem with that.
Bluedot said:
DoubleSix said:
oh dear...
Sheesh I was only asking for some light reading on holiday. If I read a footballers biography would that mean I had aspirations of becoming footballer ?
I use a demo account to trade Forex during the day, I find it interesting and am under no illusions that I'll be closing my business next week and becoming a full time day trader.
Sorry if you have a problem with that.
But when you said you "already day trade" you failed to appreciate that you do not.
A demo account bears little relation to the real thing. So you are yet to start.
R11ysf said:
Reminiscence of a Stock Operator - good story, nice light holiday reading.
+ 1000 so many lessons can be learned from this book which still apply to this day. Also try this for a short read. https://www.sanglucci.com/products/the-red-pill/
Edited by twinturboz on Tuesday 7th July 19:38
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