Hmm, looks interesting. For the technical side of things I would recommend these: New Concepts in Technical Trading Systems - J. Welles Wilder Technical Traders Guide to Computer Analysis of the Futures Markets - Charles Lebeau and David Lucas

what is the best forex book?

I believe that before one sets off to become a trader he should know the answers to these questions: - Why do you want to become a successful trader? - What do you view as 'trading success'? - Are you absolutely committed and passionate about what ...

How to start like a pro? - afraid to open trades

Title sounds interesting, whats it about?

what is the best forex book?

Good 'Forex books' also happen to be pretty good books for trading in general. My picks are: 1. Market Wizards by Jack Schwager 2. Reminiscences of a Stock Operator by Edwin Lefevre I also heard that Extraordinary Popular Delusions and the Madness ...

what is the best forex book?

Indeed you cannot trade that way. Though what im suggesting is that you take notice of the commonalities between traders who go bust and do the opposite. In my time lurking here ive seen many trade explorers get suddenly decimated by a handful of ...

Does taking opposite trades work?

If that approach fits your beliefs then it can be an effective approach. Even among mechanical traders, beliefs will differ and translate to vastly different systems. My personal approach to the markets involves these two beliefs: 1. That Long-term ...

Just a bit of advice, for anyone, for free

To me, both mechanical and non-mechanical trading amount to the same thing: The translation of a subjective personal belief into a tradable form. All forms of trading are ultimately discretionary. Choosing to run a mechanical system without ...

Just a bit of advice, for anyone, for free

Maybe not following rules is also part of what you shouldn't do. Anyway, what I meant was that you should observe what people do wrong and do the opposite.

Does taking opposite trades work?

If a trader suffers from inner turmoil a profitable system will not change that. Other than this, its possible to reverse engineer a profitable system based on what unprofitable traders do.

Does taking opposite trades work?

Why even require two people to act it out? Just take a look at what doesn't work and do the opposite.

Does taking opposite trades work?

If you are saying that both traders take the exact opposite entry but are allowed to have different exits then its possible for both to be profitable. If the trades are completely opposite in both entry and exit then you would obviously find that ...

Does taking opposite trades work?

'Trends' are formed by a comparison of a recent price to a past price. There is no 'trend' unless you choose to define one.

How do you trade breakout without bleeding to death?

Hey Copernicus, What does it mean by 'Total Entry/Exit Conditions/Parameters'?

Diversified Trend Trading Approach

Reminds me of this bit from the Sperandeo interview from New Market Wizards: 'One of the people I trained was a genius. He had a 188 IQ, and he was on "Jeopardy" once and answered every question correctly. That same person never made a dime in ...

Honestly frustrated with trading forex

Then maybe its not that effective after all.

How do you trade breakout without bleeding to death?

There is no consensus on what constitutes a trend. You can quantitatively define a trend, but accepting such a definition is still purely subjective. Following someone else or an unknown blackbox is generally a bad idea. You should trade in a way ...

"The Logical Trader." Newbies, ask your questions here

If changing your attitude towards losses is your goal try reading up on how great traders do it. Ed Seykota once said that a good mental strategy would be to celebrate your losses.

Only bad traders

I would say that its more on how a trader deals with Risk. Successful trading has nothing to do with being a 'guru' and quite often self-proclaimed gurus who sell trading courses are never good traders themselves. Good trading is tailoring risk and ...

Only bad traders

What do you have to learn from bad traders apart from what not to do? They are that way because they choose to be that way. Improving oneself is something that only good traders do.

Only bad traders

Trends are always different. Trust your own judgement.

"The Logical Trader." Newbies, ask your questions here