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.
Learn To trade the Forex Market : Learn Technical Analysis From Beginner To Pro: From Beginner To Pro
Let me just tell you guys why I became a Technical Analysis, maybe you can relate.
I wanted to be able to work from home, not taking orders from no one, I hate working a 9-5 job, I want to do thing my way! For me, if this was my dream I was left with two choices, become a online salesman,(" selling other people products") which is really hard to do, or, learn about the Forexmarkets, trading and technical analysis, learn the difference between gambling and doing what the big names on Wall Street are doing and actually educating myself on how to make money and being constantly profitable. This is what i did, and this is what I want you to do, success starts with you just deciding. Start today, decide and live your dream.
The book is set up in steps, its simple and you don't need any formal education to understand or learn what we will cover. We start out Slow and build on top of what we learn.
Chapter 1: Introduction to Structure
The first day
Setting the foundation
The moves of the markets Support and resistance
Lets look at the Chart
Lets look into the future
Trend – How it works Identifying Trend
Trend – The sequel
Looking at the Trends
The HH HC and LL LC principal
Chapter 2 : DT-DB and Harmonics
The most basic pattern
The how and the why
What are Harmonics
Chapter 3 : Indicators
RSI = Relative Strength Index
MACD = Moving Average Convergence Divergence
What to come
Chapter 4 : Fibonacci
Fibonacci ratio Trading
Now it starts to become interesting
Well that can ́t be a coincident
Retracements in use !
Extensions in use !
Fibonacci in action
Chapter 5 : Adding to Our toolbox
AB=CD sum up
The Three drives pattern
The basic Flag – Pennant – Triangle and Wedge Patterns
The Flag Pattern
The Pennant Pattern
The Triangle Pattern
The Wedge Pattern
ATR or Average True Range
The use of ATR
Using ATR for Stops and Targets
Chapter 6 : Improved technical analysis
Improved technical analysis
Why some fail trading the Improved patterns
Fixed pip stop
113.1 Fib inversion stop ATR stop
The Bat Pattern
The Butterfly Pattern
Chapter 7 : Building your trade plan
Why do you want to trade ?
Writing down your trading plan
Why writing down the plan helps you
What needs to be in a Trading plan
Risk Management – Risk to Reward
Risk management system
Setting your risk
Your Eggs in the basket
Chapter 8 : Develop your System or Strategy
The DYS (Develop your strategy)
The DYS method
Develop your System or Strategy
Altering the System
The Power of the DYS
Taking the Trade
The Graceful Exit
How to utilize the Graceful Exit
Chapter 9 : Back Testing
Do we need to back test?
Arnolds 18 hour workday
The two main reasons
Your Treasure chest
Putting the spreadsheet together
What needs to be in a spreadsheet ?
Examples of Spreadsheets
Chapter 10 : Master Your Mind
Those who say I can and those who say I cant are both usually right
The World we live in
Pretending to go through life
But I Tried!
There will never be the right time
The Secret (law of attraction)
The Fear of Pain
The power of the mind
The answer to your problems
Are you serious?
Combining your mind to your skill set
Be one step ahead
The do ́s and don ́ts of trading
Chapter 11 : What do you want, Goal Settings
The Past – Present and the Future
How to achieve you goals