New Comer

[davis9786]

Hello, I am a new Forex trader. A month ago, I started to trade using a demo account. I want to move to real money account. And want to learn about currency trading and foreign exchange. Please send me your tips, and it will be great help if you can provide me the necessary training or material that is good enough for me to study on my own advices, or any recommendations and books to read before I start. Thank you again

[Raul Lopez]

Hello Davis,

Welcome to the Forex World.

Here is a list of recommended books you might want to start out with:

Trading in the Zone by Mark Douglas (about trading psychology).
Market Wizards by Mark Schwager (interviews to top traders)
Technical Analysis of the Financial Markets by John Murphy (about technical analysis)
Trading by the Numbers by Ryan Jones (about Money Managmenet)

Despite the quality of these books, I recommend you to spend some time developing a system that fits your personality and trading style, otherwise you will find hard to follow it.

Hope this helps

Regards,

Raul Lopez

[keegan99k9]

Well it’s really good that you want to learn currency trading and foreign exchange You will need to learn things like reading Forex charts and forex chart patterns, Fibonacci studies, Forex trendline analysis and other indicators. There are many forex trading systems and techniques you should learn and understand to help you be a better and more profitable Forex trader. I like sites like forexboost, babypips, tradingmarkets and others. You will learn how to trade currency pairs for the US Dollar, Euro, Yen, British Pound and others. You can start generating an income while you learn all the tools you need to be a successful foreign currency exchange trader.

[Anne09]

in the beginning it would be better to read some books like Robert Dorfman's Hedge Fund Trading Secrets Revealed, which was fantastic,..I learned so much…. Jim Cramers's Confessions of a Street Addict(written before he got super famous) and Richard Arms’ Stop and Make Money: How To Profit in the Stock Market Using Volume and Stop Orders. All 3 are fascinating and very informative and gave me info on how all this stuff works… Anyone have any other recommendations? read these three books you will get lot of information through these books. if any books you like to read please ahead.