4 Best Day Trading Books You Should Read
In order to excel in day trading and become a successful trader, you need to acquire a thorough day trading education. You should not just jump into it but rather take your time to learn and master it before jumping straight to a real account. Reading Forex Trading books will provide you with an abundance of information and forex trading books are cheaper than trading classes and other educational materials that are sold. Make sure you have filled your mind with useful information by reading as many books as you can on forex trading as well as on investing.
1. Forex Trading Foundation.
Link: Preview and purchase it here
Best for: Beginners.
Author: Joseph Lynch
Price: $4.99
Joseph Lynch, is a world-renowned educator, bestselling author, and also a professional trader who is dedicated to educating active investors and traders.
Book Description
The Forex Trading Foundation is a step-by-step guide to get you started in the Forex Trading world. This eBook covers all the basics of trading, meaning everything you need to know from beginning to end. You will learn how to trade better than most people with zero experience!
2. The Forex Trading Course: A Self-Study Guide to Becoming a Successful Currency Trader.
Best for: Beginners.
Author: Joseph Lynch
Price: $15.00
Book Description
The Forex Trading Course is the systematic guide aspiring traders need to enter the market with the confidence and skills necessary to generate wealth. Masterfully written so both basic and complex concepts are readily accessible, this all-inclusive training tool outlines a practical course of action to develop strategies integrating fundamental and technical analysis
Don't Miss: Factors You Should Consider When Choosing a Forex Broker
3. Naked Forex: High-Probability Techniques for Trading Without Indicators
Link: Preview and purchase it here
Best for: Beginners and Professionals
Author(s): Walter Peters, Alex Nekritin
Price: $12.60
Book Description
Naked Forex: High-Probability Techniques for Trading Without Indicators is a streamlined and highly effective approach to trading without indicators. This book covers all the advanced price action techniques & concepts that will take your trading to the next level. These techniques are refined & laid out for you to quickly learn and apply them Fast
4. Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Move
Link: Preview and purchase it here
Best for: Professionals
Author: Kathy Lien
Price: $11.99
Book Description
Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach the highly competitive arena on equal footing with major institutions. You will learn exactly how to enter., exit & manage trades with extreme accuracy.
How to Become a Swing Trader?
Here are the steps you need to take to develop into a swing trader.
Step 1: Learn about swing trading
To become a swing trader, you must first familiarize yourself with swing trading. Some of the books mentioned in the article may suffice in this situation. To learn more, read about swing trading and watch videos about it.
Step 2: Open a demo trading account
To prepare for putting what you have learned so far into practice, open a demo trading account with a reliable trading platform.
It might be necessary to download and install a modern trading platform like Metatrader.
To begin your first demo trade, create an account. With a forex demo account, a trader can mimic a real-world trading environment without taking any real-world financial risks. Start by using the strategies you learn from various sources. Swing trading success is a process that takes time to develop; it cannot be attained overnight. Additionally, this is dependent on,
Trading methods dependability
Ability to implement your strategy successfully, number of trade setups
Size of your position
You must open a brokerage account to start trading with real assets in real time. There are numerous brokerage firms where you can open an account, with prices ranging from expensive full-service to inexpensive service.
Importantly, you must be 18 years old to open this account. Select a brokerage, sign up, and finish the account creation process.
Step 4: Make your first deposit into the account
Next, deposit or transfer money after opening a new account. Several brokerage platforms make it simple to link your bank account to an online brokerage account.
Again, you have two choices for funding your account: mailing a check to the broker or writing a check. A different option is to set up an electronic transfer that will directly transfer funds from your bank account to the broker. If the transfer is successful, your brokerage account will be funded, allowing you to start investing.
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