Been trading for a few months now but still making basic mistakes with risk management and reading charts.
Looking for solid books that actually teach fundamentals without all the get-rich-quick nonsense. What helped you guys when starting out?
Currency Trading for Dummies is decent for basics. Skip anything promising instant profits, stick to books about proper risk control.
Books are overrated just start with demo account.
Market Wizards by Jack Schwager offers insights into the mindset of successful traders. It teaches how they manage losses and stay committed to their strategies during tough times.
Combine it with any basic technical analysis book. The specific title is less important than the concepts covered.
Books provide a foundational understanding, but real learning occurs when you begin to trade with real money, even in small amounts. Paper trading won’t teach you how to handle fear and greed.
Technical Analysis of the Financial Markets by John Murphy covers everything you need for chart reading without being overwhelming.
For the psychology side, The Disciplined Trader by Mark Douglas really helped me understand why I kept making emotional decisions that killed my account.
These two books together will give you solid foundations for both technical skills and mental discipline.
Japanese Candlestick Charting Techniques by Steve Nison changed how I read price action. Took me months to really get it but those patterns still guide my entries today.
For risk management, Trading in the Zone by Mark Douglas is solid. Helped me stop revenge trading after big losses.
Avoid anything by forex gurus selling courses. Most of those books are just marketing material. Stick to authors who actually traded professionally before writing.