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Any good reads?

dkilmer (dkilmer)
Feb 14 2017 at 14:24
90 príspevkov
snapdragon1970 posted:
The creature from Jekyll Island.


Already mentioned , but a great read. In my economic days I was studying Ron Paul and Ludwig Von Mises ( mises.org ) and getting a understanding of central banking and the stranglehold that is associated with it, the creature from Jekyll Island was one of the first books I read on the subject.

can you recommend any trading books?

Everything in the market is like a fart, if you have to force it, it is probably shit
snapdragon1970 (snapdragon1970)
Feb 14 2017 at 14:29
1944 príspevkov
I should have checked first, what kind of trading are you doing Forex or stocks?

"They mistook leverage with genius".
dkilmer (dkilmer)
Feb 14 2017 at 14:39
90 príspevkov
just forex for now.
I am most interested in automated trading based on technical analysis , but any info is good :)

Everything in the market is like a fart, if you have to force it, it is probably shit
snapdragon1970 (snapdragon1970)
Feb 14 2017 at 15:19
1944 príspevkov
Well think about it, no book is going to really help you to trade forex, follow someone live trading, even follow someone on demo to see what they are doing, automated trading on technical you need at least L2 and DMA or lots of experience, End to the bull is a good read about technical. I wouldn't advise automated trading on tech though, the results are hit and miss, but everyone has to find out for themselves what way they want to trade.

"They mistook leverage with genius".
dkilmer (dkilmer)
Feb 14 2017 at 15:52
90 príspevkov
That seems counter-intuitive, if you don't advice automated trading on Technical, what would you automate trading on exactly?
 

Everything in the market is like a fart, if you have to force it, it is probably shit
snapdragon1970 (snapdragon1970)
Feb 14 2017 at 15:59
1944 príspevkov
Have you got L2 and DMA otherwise nothing because it doesn't work without

"They mistook leverage with genius".
dkilmer (dkilmer)
Feb 14 2017 at 16:11
90 príspevkov
by L2, do you mean Level 2? There is only market depth in forex, there is no forcible regulation for a level 2 type system as not all forex brokers are DMA.

Yes, my broker is a DMA broker.

Can you answer my question though? If you are advising against automated trading on technical, what would you automate trading on exactly ?

Everything in the market is like a fart, if you have to force it, it is probably shit
snapdragon1970 (snapdragon1970)
Feb 14 2017 at 19:51
1944 príspevkov
Yes level 2, no there is depth in other securities as well,you need to see the volume and buyers and sellers then you check that with say a resistance level, that's why you see technical fail without those measures, the only place to automate is HFT or Institutional trading of book orders in stacks.

"They mistook leverage with genius".
stevehu10
Feb 15 2017 at 07:25
24 príspevkov
BaldoN (BaldoN)
Feb 16 2017 at 07:39
522 príspevkov
Hello,
There are many books for trading and I am sure what is written there cannot be applicable on 100%, just everyone have to extract what seems to be important for him.
Me personally like very much:
* Tools and Tactics for the Master Day Trader: Battle-Tested Techniques for Day, Swing, and Position Traders - some good strategies for day trading on stocks ( by Oliver Velez and Greg Capra)
* The Complete Day Trader (by Jake Bernstein )
* Some interesting articles in Stocks and Commodities magazine and etc.

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