Towards Trading Success…

Here is a list of content that I have found useful in my currency trading journey. I am yet to find success and still on a demo-account, but do have high hopes of being part of the elite group of disciplined, successful traders.

First book:

 

• Trading in the Zone by Mark Douglas.
• This book is an essential first step in building trading psychology.

Schooling:

 

• Open an account on BabyPips, complete the free course to gain a basic idea of forex trading. Make sure you thoroughly understand the Pre-school, KG and Elementary sections – the lessons are self contained thus you do not need any extra Googling while you are at it. And do skim through the other sections as well.

Podcasts:

 

• Chat With Traders (by Aaron Fifield)
• Desire to Trade (by Etienne Crete)
• Market Life (by Adam H. Grimes)

The art of “Tape Reading“:

 

• Not a must I think, but supposedly adds a new dimension to your trading skills.
• Jigsaw Trading (free order flow analysis lessons): At-least focus on Module 1 videos.

Blogs:

 

• Reality Trader Blog – Vadym Graifer – A must read
• Your Trading Coach Blog – Lance Beggs – Another amazing one
• Traderfeed (Dr. Brett Steenbarger – psychologist and trading coach)
• SMB Training Blog (Bella, Steve and team)
• New Trader U (Steve Burns)

Some actual traders and their techniques:

 

• • Urban Forex (YouTube): Has some great videos on trading forex (This guy gets behind the psychology of trading against with the Big Boys). My personal favourites:
    • Mastering CandleStick Trading
    • Mastering Trend Lines
    • Mastering Human Trading Behaviour
    • Mastering Trade Selection
  • Trade Empowered (YouTube): I particularly follow Jason Stapleton and Jason Graystone’s videos.
    • Ratio Trading: How to Predict Market Moves : This is my absolute favourite, but many other videos are equally amazing.
  • Manesh Patel’s Trading the Fibonacci Levels
  • JAMES16 group on ForexFactory.com: Do see the section on “MINIMUM REQUIREMENTS”:
    • People recommend going through first 200 posts to understand his techniques. There are too many charts to go through – someday I will complete this.

Other recommended reads:

 

• 1. Reminiscences of a Stock Operator (Edwin Lefèvre)
  2. Market Wizards (Jack Schwager) – Learning from others
  3. New Market Wizards (Jack Schwager) – Learning from others
  4. One Good Trade (Mike Bellafiore of SMB) – Learning from others
  5. The Art and Science of Technical Analysis (Adam H. Grimes) – Covers many aspects of trading
  6. The Checklist Manifesto (Atul Gawande) – Unrelated but good.

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