Welcome back wanna be traders and professionals of all fields into the first article on FOREX books for beginners.
There has been an increased interest from my readers on what can they read and assimilate, in order to become a better trader, or at minimum understand what they are doing.
I still remember the first days when I was reading about cable (GBP), kiwi (NZD) and other strange names on internet, and I was telling to myself what is this, why don’t they talk plain English.
I saw a steep learning curve in front of me. But I didn’t surrender. Step by step I was able to understand even the most complex of technical or fundamental analysis.
One day I discovered the book “Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets” by Ed Ponsi. Than a lot of things started to make sense to me, the beginner.
By that time I had sort of understood what type of analysis could be made. I knew what technical was, which is based on the past price levels. I had learned about fundamental, based on the economies of scale, where entire countries or regions are taken into consideration.
What I was looking for where some easy to spot patterns. Ones that didn’t require me to stay in front of a computer all day long, some FOREX book for beginners.
This book opened a whole new horizon to me. It was no more a vague description of patterns, where the writer used generic descriptions and cherry picked graphs, but instead a professional was lowering himself at a beginners level, like talking to a child taking his first steps.
Patterns were properly quantified, using SMART goals, and the reading pace was adoptable by the laziest of readers (or those with little time to spare). I didn’t have to be a finance guru to understand it. Every pattern was properly demonstrated, and no exaggerated claims were made on any of them.
Plain English was the language used all over. No jargon was introduced, unless it was properly explain prior. It took me some time to read and understand it. But every time I went back to read passages, or specific patterns, they were consistent to what I was learning on other inputs and the actual experience of FOREX trading.
I would certainly recommend “Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets” by Ed Ponsi, to everyone, be it someone reading out of curiosity, or a wanna be trader.
You will certainly have fun reading it. Why not apply what it teaches in a DEMO account first, and then a LIVE one.
Hope you enjoyed this post.
Looking forward to seeing you back soon.
Tags: Algorythmic Trading, Dollar, Education, Euro, FOREX, FOREX book for beginners, Forex books, Live FOREX, Pound, Trading, Yen
