Day Trading & Forex Forum

My Recommended Books :- These can be found on the T2W book list.

1. A Beginner's Guide to Short Term Trading by Toni Turner - Savvy trader Toni Turner shows you the ins and outs and the ups and downs of short-term trading. She'll have you buying and selling on a monthly, weekly or even daily basis so that you have the right stocks at the right time. This is a hands-on book designed to make you actively involved in every step of the trading process. Now you can take control of your portfolio and secure the financial freedom you've always dreamed.

In simple terms, this book explains how to:
- Swing trade and position trade for optimal profit results
- Monitor industry groups to locate the best stocks
- Achieve the 'winning mindset' so important to succeeding as a short-term trader
- Set up your trading business - from choosing an internet connection to an online broker
- Spot high-probability set-ups for trade entries and exits
- Take gains from 'sweet spots' in up trends and downtrends
- Figure risk-reward ratios to minimize losses and maximize gains

2. Trend Following by Michael Covel - The first book to reveal the little-known strategy used by the world's most consistently successful traders!

How did trader, John W. Henry, start out as a farmer and end up a billionaire and owner of, first the Florida Marlins and now, the Boston Red Sox? How do traders like Bill Dunn, Ed Seykota and Keith Campbell continually pull profits in the hundreds of millions from both bull and bear markets? The answer is that they are trend followers.

Trend following is the only strategy to consistently make money in the markets. Leading expert Michael Covel reveals the underground network of these little-known traders and hedge fund managers who have practiced trend following for years. He pulls back the veil on their strategies by introducing the basic concepts and techniques of trend following such as why the market price contains all the information a trader needs.

Covel rigorously reviews and analyses years of detailed performance data to prove without question that trend following strategies including how to make volatility work; how to control risk; and how to make successful trading decisions "from the gut".

Covel shows why trend following is ideal for individual traders who manage their portfolios or for the individual investor searching for a new type of investment advisor. Along the way he debunks an immense amount of misinformation/failed advice from pros who ought to know better.

3. Trading in the Zone by Mark Douglas - In Trading in the Zone, Douglas uncovers the underlying reasons for lack of consistently profitable trades and helps traders overcome the deep-rooted mental habits that cost money. Douglas takes on the myths of the market and exposes them, one by one, teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be guided by and be comfortable with the 'uncertainty principle' that governs all stock speculation.

Trading in the Zone introduces a whole new mental dimension to getting an edge on the market. Use it to leverage the power of the 'zone' for unprecedented profit.