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So you want to be a full-time trader huh? These books will help. Only if you follow their advice, and stop thinking for yourself and do what your system tells you to. Before I get to the books... Fact One: 90% of forex traders ultimately fail. Even more blow up their first account. Solution: Forget about them, you are going to learn how to do this properly. You are going to have discipline, money management, and ONE tested system very well oiled before you even open your live account. Fact Two: It takes time to really get into this. No one operates on a person or judges a case without learning what is involved, and trading is no different. Solution: You will find people on the internet that are kind, knowledgable, and well-respected that will give you help for free, when you need advice. You will practice on your demo account for a substantial period of time. You will read books on DISCIPLINE AND PSYCHOLOGY!!! as well as technical and fundamental analysis. Fact Three: Trading is the coolest job in the world. You can make millions of dollars, and do it from anywhere, almost anytime, as long as you have the internet. However, like a lot of things in life, after a really long time, this exciting market will become virtually unexciting. Once you have mastered it, all of the mystery and excitement will be gone, and it will be like all of the other jobs. So get used to that, and start treating trading like an elite sport. At the time, it is very difficult, and very serious and demanding of discipline. But at the end of it, the true reward is no longer the excitement of making a months salary in a day, it is the reward of a job well done, and the leisure of working less spending more, and taking care of your family. Onto the books... Trust me, I am ManInBlack on forexfactory, but research the forums like forexfactory and moneytec for even more expert feedback... Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading) "This is an extraordinary book that is many levels above other books on currency trading." Drew Niv, Chief Executive Officer, Forex Capital Markets LLC. It is also one of the newest books out there. Highly regarded by many people I know. Google her for more. Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude If you search "trading" on amazon.com, this is #1. This is because psychology is why so many people lose money. You have to love what you do right? Well you also have to love yourself enough to be honest without being negative. Take my advice, include this book in your order. Trading for a Living: Psychology, Trading Tactics, Money Management Hands down, this book is for you. Elder trades futures, but it is very closely related to currency in enough ways for me to demand that you buy this book. There are other books out there on forex. You don't need them. Find some full-time trades and make friends. Go to the most popular forums, and ask for advice. We traders usually aren't worried about giving out our systems. And we definately are sometimes lonely in our profession, and enjoy conversing with others who share our passion for profits. Good luck, and may the forex be with you ;P Disclaimer!:Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading. Products mentioned include:
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