Two important book about trading psychology

To know properly about trading psychology, each trader must read the publication 'The Disciplined Traders' by Mark Douglas. In Addition to This you can also browse the novel 'Trading in the Zone' by Mark Douglas

Great books. I have read and listened to these lots of times.

The book is really interesting from them you can learn a lot for yourself

Thank you very much for providing this information. Books further develop human knowledge.

Yes these two books are the best about trading psychology. Every trader should read them. It will certainly help you to develop your trading ability.

Of course, every trader needs to read these two books. It is very difficult to make a profit without trading in psychology. There have been so many with me that I have traded profitably close to losing. Just because I don't have the right mindset.

Psychology has a high role in every trading decision, this is about how to control emotion because sometimes emotion like as enemy that appears from own selves, reading psychology book maybe help to build up better psychology, but actually will back to each trader personality, if trader cant improves their own selves will hard to make better psychology trading.

Davidfx89 posted:
so many trading books are available in online about psychology of trading but honestly speaking any kind of bookish knowledge can be useless if there is no regular practice

Agreed, any theoretical knowledge is waste until and unless the knowledge is practiced regularly. When we practice regularly we get to know about the actual difficulties we face while trading.

I have not heard about such books yet, but I think it will be possible to take them for my development

Books are the best source to learn forex.

trading is a rigged game. No book will teach you how to trade

vanzadorbey posted:
trading is a rigged game. No book will teach you how to trade

Trading is not really a rigged game. But yes I agree that book will not teach us how to trade.

Yes, these have been pretty helpful to me too. Books can be quite helpful if you are in the process of learning and if someone wants to develop the right trading psychology, they should really work towards it in different ways.

Forex trading is a brain game. So it is very important to control the mind in trading. Therefore, it is the responsibility of every trader to control psychology.

I agree, books can help you bring in that positivity you need for trading. Also, for me, yoga has been of help too. Anyone have any new recommendations for books on trading mindset?

Bulldog_M posted:
I agree, books can help you bring in that positivity you need for trading. Also, for me, yoga has been of help too. Anyone have any new recommendations for books on trading mindset?

The Forex Mindset: The Skills and Winning Attitude You Need for More Profitable Forex Trading by Jared Martinez.

I never read a book about trading. I think I should give it a try.

If you are a new trader do not only focus on gaining knowledge and learning skills in fact also focus on trading psychology, this will help you to remain calm, positive and help to control your emotions. Of course these books will help you a lot so read these books also.

Sarjohn posted:
If you are a new trader do not only focus on gaining knowledge and learning skills in fact also focus on trading psychology, this will help you to remain calm, positive and help to control your emotions. Of course these books will help you a lot so read these books also.

Agreed!
Books are a great source of gaining forex trading knowledge. The Disciplined Trader by Mark Douglas is one such book which trains you on good psychological control.