Friday, February 24, 2017

Best forex strategy books

There are a lot of Forex strategy books.Now here are four of the best Forex strategy books.I believe they can help you understand the Forex markets.
  1. Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis (Wiley Trading) by Richard L. Weissman
  2. Trading Systems That Work: Building and Evaluating Effective Trading Systems by Thomas Stridsman
  3. Trading Systems and Methods + Website (5th edition) Wiley Trading by Perry J. Kaufman
  4. The Daily Trading Coach - 101 Lessons for becoming your own Trading Psychologist by Brett Steenbarger
I learn a lot from these best Forex strategy books, they contain lots of information about trading systems and forex trader's attitude.

First these books offer some trading systems. But they are not match you. Therefore you have to build your own Forex trading system.

For instance I like use grid trading strategy. For this reason I open a forex demo account and practice Forex grid trading.

I believe that it can help me understand the details of the forex trading system.

What's more these trading systems are match the futures and forex markets.

Second Brett Steenbarger updates the blog every day. His articles will teach you to think correctly and improve your trading.

Every successful trader has a trading journal. I believe that it can help me enhance the Forex trading performance.

Finally beginners should trade the daily chart. Someone like trade on the 15 minutes chart,but I pick the daily chart my primary time frame.

Further reading The Holy Grail Of Forex Trading Strategies – Daily Chart Time frames

These are my best forex strategy books.

Best Forex trading strategy books

Here are two of the best forex trading strategy books. They can help you improve your trading.
  • Market Wizards, Updated: Interviews With Top Traders by Jack D. Schwager
  • Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market by  Greg Michalowski 
I learn a lot from these best Forex trading strategy books.

First, find the support and resistance levels. It seems simple. But it is the best forex trading strategy
  • A moving average is also known as Dynamic Support and Resistance level.
  • Find a trend line.
  • Draw support and resistance levels
AUDUSD daily chart support and resistance levels from ctrader
Second some traders just want to make money. But they don't have their own forex trading strategy.

Therefore as a beginner, you can automatically copy the forex trading signals in real-time on MetaTrader 4.

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