I have been spending my weekend refreshing my memory/skill of NQ futures trading. Playing around with Tradestation. Thanks to the daylight savings things, U.S market opens around 1030pm Melbourne , Australia time. I would be pretty free at this time (currency orders should already been submitted, triggered or expired so…), instead of sticking my ass on sofa watching CSI miami, I am starting my futures trading engine again. Well, let’s see how it goes, no rush though.
Over at The Lonely Trader, reader LP was asking Jay for recommendations of currencies trading books. In short, the conclusion is , all most all the books s*ck. Well, that’s a fair statement. :lol:. I was browsing around some trading portals/forums, particularly on currency trading topics, craps. Again, and again these authors, self-claimed professional traders, full time traders, are just repeatedly writing something useless. ‘Why we do not trade on NFP day’, ‘Currencies pairs personalities’, ‘how retail forex works’,’ how leverage can maximize your profit’. Yeah, these topics are just…crap..opps, sorry, …useless.Try google it, you can find the same topics easily. It is just so boring. Anyway, you can’t learn trading from reading these stuffs.
So, how to learn currency trading? Trade currencies, and find a way to save yourself, learn to survive. Uhm…that’s all the ‘advice’ I can give. 🙂 If you are interested, maybe have a look at blogs like lonely trader, the3500, and of course, Trader Gav.com to find some clues about skill of exchanging currencies 😆 Anyway, you have to jump into the pool to learn swimming. You can’t just googling ‘how to swim’ and expect something to happen.
Ok, enough rambling. April version of Currency Trader magazine is out, check it out. Chart scanning will be done tomorrow. I guess we should have a clearer direction next week, I hope so!
Have a good weekend.
OK Gav. You know I’m going to partly agree with you and partly disagree. 🙂
On the disagreement I will say (and I know you agree, even if you’ve become a cynic) that there are basic things one can learn from a book, intro course, or whatever. That’s foundational knowledge – the type of stuff that anyone who’s spent some time in the markets takes for granted.
Where I agree is in the need to become a practicioner as soon as possible. You can only learn so much by reading or listening or watch. The rest (and the majority) comes from doing.
OK Gav. You know I’m going to partly agree with you and partly disagree. 🙂
On the disagreement I will say (and I know you agree, even if you’ve become a cynic) that there are basic things one can learn from a book, intro course, or whatever. That’s foundational knowledge – the type of stuff that anyone who’s spent some time in the markets takes for granted.
Where I agree is in the need to become a practicioner as soon as possible. You can only learn so much by reading or listening or watch. The rest (and the majority) comes from doing.