A good book to learn how to trade.
A good book to learn how to trade.
Recently I’ve got a indication of a book: Encyclopedia of chart patterns (second edition). This book is really good, but it has many pages (1033). The book was initially designed for the Stock Market, but you can still use the book to trade with bitcoin. The book is available on Amazon and on the internet (pdf for free). I particularly downloaded the pdf but I intend to buy the book soon. I recommend an intermediate-advanced level of English and a certain experience in trade to understand the book well.
Strategy is hard to perform when you only read books, because in books, it only states the type of strategies and not the consequences and advantages of it. Planning and performing strategy is always based on your technical analysis about the movement in the market. In order for you to become an effective trader, you should always apply and perform the basics that you have read. You also need to practice the strategies, in order for you to know the good and bad effects of it. It is not bad to make mistakes, but if you make the same mistakes again then you have a problem with the way you trade.
When im still trading up on Forex, i got used to read up some books but times passed where everything can be read up online then
i dont already have the time to look into any writings but rather i do prefer on reading up online due to convenience.
You wouldnt really understand a book yet it would really have that corresponding level of knowledge which would really be needed.
Its a step by step process though.When it comes to basics then babypips.com courses would be good for complete beginners.
Book is good to study to have a background knowledge of trading but at the same time, we should bear in mind that we need a practical knowledge to be able to take down everything we read from the book and trying them out. This will help us to restrategize if it not working.