Saturday 28 April 2012

Trader Toolkit: recommended resources

Hi All,

Here is a list of free resources which helped me to consistant profits, month after month, in my darker days. I will keep adding to this list as and when I find things worthy of your time. Please bear in mind that if you are trading your chosen strategy, do not just suddenly leave it for something else but if you find something that you think complements it, then it will serve you better to do that.


Websites:

l. Nial Fuller - great for reading price action on the four hourly charts as well as daily without indicators, moving averages and all that nonsense!Nial has a bunch of fluff cutting videos which prove that simplicity is the key. http://www.LearnToTradeTheMarket.com


Books:

1. Trading in the Zone by Mark Douglas  - between thinking the market is actually doing something and actually making the trade. It is designed to give readers the insight and understanding they need about themselves and the nature of trading that will earn them constant success. Reading this is far more important to your trading progression than any book on strategies, believe me!!

2. Come into My Trading Room: A Complete Guide to Trading (Wiley Trading) by Alexander Elder... Shifting focus from technical analysis to the overall management of a trader′s money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader––identifying new, little known indicators that can lead to huge profits. It is here where he outlines his experiments conducted to reveal that woman actually make better traders than men because of their lack of ego. Very interesting!!

3. Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader (Wiley Trading) A very comprehensive book on, quite literally, reading price action bar by bar. It will hold great appeal amongst the price action puritans out there, just like myself, as Al Brooks cuts to the chase, disposing of the hype, the indicators and the crap. 

2 comments:

  1. Nice blog Rob (y)
    Trust it will get even more interesting as time goes on.
    All the best, R

    ReplyDelete
  2. I agree Rob. As a relatively new trader, having done the K2A-2 day forex course last November, I find your blog very useful as well as your MWMF.
    Nick

    ReplyDelete