10 Best Trading Books You absolutely need to Read

Forex trading is the most common passive profession across all parts of the world. Because of the high prospects and profit margin, so many individuals, companies, and organizations are getting into online currency trading.

If you want to be a pro forex trader, you must acquire the relevant knowledge of how the market operates. There are various trading books out there, but finding the right one to read can sometimes be tricky. That is why we compiled a list of the ten trading books to read in 2020.

Best forex trading book of all time

1. Trading in The Zone by Mark Douglas

best forex trading books of all time

The book “Trading in the Zone” is one of the first trading books you must read if you desire to be a successful trader. Top forex traders regard the book as the leading book in the trading industry because it contains practical strategies and experiences to control emotional responses as a trader. The book explores all the psychological characters needed to become a pro trader, and concisely discusses how to develop the attributes.

This book is a must-read, it has the ability to change your trading experience forever positively. If you want to learn about all the psychological problems that traders face, then quickly get your copy now.

Continue reading “10 Best Trading Books You absolutely need to Read”

Best Forex Signal provider with Verified Trading Results

1000pipbuilder taught me how to trade forex

Forex trading is not like other businesses, you can’t just dive in and hope to navigate easily on your own. There are certain points in life when you are totally aware that you need guidance on a particular issue and without said guidance, you cannot navigate the murky waters of forex trading on your own.

Even if you manage to navigate it, you never get as much as you should get from it, you will get stuck in the middle, bereft of growth. Some people trade for many years without making profit, this is the kind of person you must endeavor not become.

Continue reading “Best Forex Signal provider with Verified Trading Results”

Bollinger Bands reversal with high accuracy

What are Bollinger Bands reversal patterns?

Hi traders, in this article, I will feature a few of the Bollinger Bands reversal patterns that I personally use very often in my trading. These are valuable trading ideas that you can incorporate into your own trading strategies.

Before I jump into details, let me say this…

I always encourage traders to conduct proper backtesting when introducing new tools into your trading plan. If you wish to discover how you can seamlessly incorporate new Bollinger bands ideas into your existing strategies, I recommend reading my previous post on Forex Tester 4 and my backtesting journey.

Continue reading “Bollinger Bands reversal with high accuracy”

Forex Tester 4: How Backtesting Strategies Saved my Trading Career

Forex Tester 4 saved my Life-savings

Hey traders, this post is a review on the software, Forex Tester 4, that I use everyday for my strategy back testing. If you would like to have a free trial you can get it here.

Lots of people who are struggling with their trading methods for a long time are looking for help on how they can start taking Forex trading as a serious business and quantify their results. I started this blog to help you get to the next stage of being a professional trader who finally Continue reading “Forex Tester 4: How Backtesting Strategies Saved my Trading Career”

Trading Without Stop Loss?

Hi traders, in the past weeks I spoke with some friends and a lot of them are talking about stop losses and the possibility of trading without stop loss.

Well, I wouldn’t encourage you to do that, as I personally is a firm believer of using stop loss to limit my risk exposures. Today I will show you a simple way of Continue reading “Trading Without Stop Loss?”

Why is back testing so important?

An old friend of mine once told me that back testing is not necessary. This is because past results may not represent future performance. To me, that was simply an excuse given by lazy traders who aren’t serious about improving their own trading business.

To a certain extent, I do agree that successful back-testing results do not 100% guarantee success in your live trading. Maybe 90% to 95%? But that is about the closest you can get, to have any form of basic profiling of your trading method and strategy. Continue reading “Why is back testing so important?”