Chapter 14 Recommended Reading and Resources
Here's a curated list of recommended reading materials and online resources to enhance your understanding of Forex trading:
Books:
"Japanese Candlestick Charting Techniques" by Steve Nison - A comprehensive guide to understanding and using candlestick charts for technical analysis.
"The Little Book of Currency Trading" by Kathy Lien - A beginner-friendly book that covers essential Forex concepts and strategies.
"Currency Trading for Dummies" by Brian Dolan - An excellent introduction to Forex trading for beginners, explaining key concepts in simple language.
"Market Wizards" by Jack D. Schwager - A collection of interviews with successful traders, offering insights into their trading strategies and mindset.
"Reminiscences of a Stock Operator" by Edwin Lefèvre - While focused on stock trading, this classic book provides valuable lessons on trading psychology and risk management.
Websites:
Investopedia Forex Section (www.investopedia.com) - A comprehensive resource for Forex education, including articles, tutorials, and a dictionary of Forex terms.
Babypips (www.babypips.com) - A popular online Forex school that offers a free educational course for beginners.
Forex Factory (www.forexfactory.com) - A community-driven website providing Forex news, calendars, forums, and trading tools.
DailyFX (www.dailyfx.com) - A resource by IG Group that offers Forex news, analysis, educational content, and webinars.
Forex Crunch (www.forexcrunch.com) - A blog that provides daily Forex analysis, news, and trading strategies.
Forums:
Forex Factory Forums (www.forexfactory.com) - A vibrant community of traders discussing various Forex topics, strategies, and trading systems.
BabyPips Forums (forums.babypips.com) - The forum section of the BabyPips website, where traders share their experiences and insights.
Courses and Education:
Coursera (www.coursera.org) - Offers online courses on Forex trading and related topics from reputable institutions and educators.
Udemy (www.udemy.com) - Provides a range of Forex trading courses, from beginner to advanced levels.
FXCM Trading Station (www.fxcm.com/education/trading-courses) - Offers free trading courses and webinars to help traders improve their skills.
Babypips School of Pipsology (www.babypips.com/learn/forex) - A free online course for beginners, covering the fundamentals of Forex trading.
Remember to approach any paid courses or mentors with caution, ensuring they have a good reputation and reviews within the trading community. Additionally, continuously practice what you learn in a demo account before transitioning to live trading to build confidence and competence.
These resources should provide you with a solid foundation and ongoing support in your Forex trading journey.