Here is a selection of books that will help you learn trading basics and feel confident on the market. Notice that all the books on the list are in English.
If you are short of time and need a quick yet sufficient summary about trading essentials, you can always read articles in our Forex guide book.
The Best Forex Trading Journal in the World
Are you looking to invest, gamble or speculate in the Foreign Exchange market? If you are looking to invest then the spot currency market is not really the place to be for you and neither is this journal. If you want to gamble, congratulations! The FX market is right up there with Casinos for losing your money quickly. Of course you won't need a trading journal either. But, if you are looking to speculate in FX with confidence you have found the journal you need.
Why Do You Need a Trading Journal?
For you to have any sort of trading success it is essential to become organized. Trading random currency pairs, random time frames, random lot sizes, random profit targets and random stop losses is back to gambling and is a losers game.
The only way to speculate successfully is to know
- What you have done
- Why you did what you have done
- The result of what you have done
By tracking and reflecting on your data for less than a quarter per trade you have the ability to actually see what is working for you and more importantly what is not. When you hone your skills the carefree "work from anywhere" in the world lifestyle promised by so many FX system marketers can really be yours.