Forex Books Waste of Money and Time : Financial News Monthly
Forex Books Waste of Money and Time
You’ve seen the trading systems, you’ve seen the autopilot applications and you’ve heard great things about them; but what about the books? You know those things with information between the covers? Seriously they even developed shelves for them. They call them “bookshelves”, clever term. Personally I’m a fan of e-books over hard-copies (go green baby!) but books still have their place in the wild world of Forex trading.
Chances are if you’re looking for a Forex book you’ve already ventured into the trading system/autopilot applications and decided they weren’t for you (if you haven’t give them a serious look). That’s fantastic; just know that learning the trading system inside and out isn’t an easy task. While that goal is attainable, make sure you have patience and read the same thing over and over so you thoroughly understand it; even the smallest of details.
So now that we have established that books are only for those who truly want to learn the system (and not just profit) you have to figure out what types of books you want to read. No not science fiction or romance; there are TONS of types related to Forex trading. I’m talking strategies, theories, introduction to Forex, technical analysis, etc.
Unfortunately for us there is no “one” book you can buy to teach you all you need to know. On top of that a quality book written by an elite trader or advisor rarely costs under $40 unless on sale. Last time I checked Ed Ponsi’s “Forex Patterns and Probabilities” was still over $50. Most consider that the top book to have and it has gotten great reviews. I’m sure Amazon has an insane amount of books on the subject (what don’t they have a book about?).
In a nutshell books are great for those looking to learn the system, have interest in creating their own product (after you’ve become an elite trader yourself, of course) or those who just want a reference they can easily grab. If you don’t want any of that and you just want profits you should be looking into a Forex trading system.
For reviews of the top three Forex trading systems, including the newly released Forex Tracer, click here: http://forex-tracer.the-perfect-solution.com/
Forex Books - Waste of Money and Time / Author: Joshua
