Internet is full with a lot of misleading information on numerous tips on Forex trading; the writers generally are not experts but some ordinary rewriters. Chances are you would not learn from their piece of writing anyway; therefore, avoiding the same is what is recommended by master traders. Thus, if you are drawn to the Internet in search for relevant information on Forex, better read the original books and rely on some leading Forex portals.
A master trader will recommend you to read Trading in the Zone by Mark Douglas; he will also recommend you to read Currency Trading for Dummies by Mark Galant and Brian Dolan. Thus, it is all about reading the originals. The classics are valuable whether it is films or trading. Classic works from Martin Scorsese and Francis Ford Coppola are still valuable for new movie makers; the same is true about today’s Forex writers who are inspired a lot by the classics.
I will cite Trading in the Zone by Mark Douglas, a legendry book ever written for traders. It is called the Bible Of Trading and appreciated a lot by traders world around alike. Nonetheless, its application in real trading has made thousands of traders millionaires. The theories and algorithms in the book are applicable to the forex market.
Several of the traders and even ordinary readers who do not have any interest in trading consider it a numero uno publication. This publication can be bought at Amazon; you as a trader will really appreciate the efforts that the author Mark Douglas has put to uncover the underlying reasons for lack of consistency among traders.
The book helps them overcome the ingrained mental habits that cost them money. In fact, Mark Douglas seems a myth-buster as he exposes most of them one by one with explanations that are plausible and based on facts. If you wish to trade like a master read the book and learn about what are the necessary mental framework for trading properly and what are the psychological challenges a trader must face up to read this.
The book will also teach you about the mental framework for trading and what will happen if you lack it. Best part in Trading in the Zone by Mark Douglas is that it lets you know how to get that mental framework from a personal point of view.