TOTW Which books have most influenced your trading and why?

Sharky

Admin
5,626 391
With winter fast approaching for many of us and the nights drawing in, there's every reason to dive into a good book. So for this week's TOTW, we pose the question:

Which books have most influenced your trading and why?

Last week's TOTW: Are you addicted to trading?
 

metrader

Experienced member
1,147 141
Trading in the Zone by Mark Douglas

He writes in a practical way about trader's own psychology that ultimately makes one a successful or failed trader.
 

ABTrading

Junior member
29 3
Trading in the Zone by Mark Douglas

He writes in a practical way about trader's own psychology that ultimately makes one a successful or failed trader.

I agree, Mark Douglas' books are well worth reading. The Disiplined Trader is very good as well. Learning the rules to trade a system can be learned in days, the psychological side can take years.
 

Sonicscooter

Experienced member
1,811 351
Sharky, that's easy,


The Kama Sutra, because you have to learn all the ways the market can ferk you, then you can finally start to make money.....


Happy Days............:)
 

Forexmospherian

Legendary member
39,928 3,301
Sharky, that's easy,


The Kama Sutra, because you have to learn all the ways the market can ferk you, then you can finally start to make money.....


Happy Days............:)


Lol

Would agree with you there ;-) and then add 2 more books to help you deal with these institutional bar stewards -

Art of War - by Sun Tzu - classic of knowing your enemy - ie the banks and other players

Web of Deceit - Black Widow - game and reference book - that's what you will be dealing with

Every thing else failed to discuss all the manipulation and tricks that take place with the Industry - novices - be aware ;)

F
 

ffsear

Senior member
2,170 447
I like the old tales from the trading floors ....

Liars Poker,
City Boy,
Too Big to Fail,
Traders Guns and Money
Reminiscences of a Stock Operator
Ugly Americans
 

montmorencyt2w

Senior member
2,620 294
"The Next Big Investment Boom" by Mark Shipman.
(How to profit from commodities).

In hindsight, it's probably not that great a book, but it's what first got me interested in trading, trends, and TA, so in a way, it's had the greatest influence, although I've learned a lot more elsewhere since.

Later on I became quite enamoured of the whole Turtle thing, e.g. "Trend Following" by Michael Covel, but again it's probably not exactly a great book.

More recently it would be "Currency Trading and Intermarket Analysis" by Ashraf Laidi, which doesn't really teach you how to trade, but does help give one a deeper appreciation of the markets.

There isn't a single book that I'd now recommend, but I would recommend reading widely. One can always learn something.
 

NVP

Legendary member
37,586 2,008
for me its still the market wizards series.........the insight into each of those dudes is fascinating.............and it proves that there are many ways to make money if you look hard enough

N
 
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ACstudio

Active member
138 14
Winnie the Pooh


“He could see the honey, he could smell the honey, but he couldn't quite reach the honey.”
― A.A. Milne, Winnie-the-Pooh

“Before beginning a Hunt, it is wise to ask someone what you are looking for before you begin looking for it.“
― A.A. Milne, Winnie-the-Pooh

“You can’t stay in your corner of the Forest waiting for others to come to you. You have to go to them sometimes.“
― A.A. Milne, Winnie-the-Pooh
 
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bredin

Member
80 20
Think and Grow Rich - Napoleon Hill

The zinger is on the cover :)

The Creature from Jekyll Island - G. Edward Griffin

Prepares one for playing in the markets: Know thy enemy.

B.
 

Fugazsy

Veteren member
3,661 677
The Power of now by Eckhart Tolle, Forex Price Action by Bob Volman, Reading price chart bar by bar by Al Brooks, The investor quotient by Jake Bernstein.
 
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WilleeMac

Junior member
34 0
"Trading the Measured Move" by David Halsey

Very simple premise - wait for it to come half-way-back aka 50% retrace

Second choice Bob Volman

-Bill_M
 

archiemishra

Junior member
39 0
The Way to Trade Forex by Jay is simple and straight to the point book. He has also mentioned some ways to do trading which as a beginner helped me a lot.
 
 
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