99% of you will be losing traders in the long run. Someone will "lose" their last, and someone will put their future children's education on the line. In all my time on the market, I have seen many cases that ruined lives. This is not a joke.
While you are still learning, I encourage you to trade on a demo account on any exchange. Keep reading, learning, and learning new things.
As soon as you realize that forces and KNOWLEDGE arise — try trading with an amount you can afford to lose.
Until then, I will publish a selection of useful literature.
— Jack Schwager — "Market Wizards"
One of the most "mainstream", yet interesting books about trading. Schwager compiled interviews with the best traders in the world, revealing their approaches, strategies, and psychological principles. It will show who a truly successful trader is, introduce various strategies, and suggest how to create your own.
— Mark Douglas — "Trading in the Zone"
A book for the future, follows directly after Schwager's work. It discusses how to manage emotions and think like a professional trader. Douglas explains that trading is not a battle with the market, but a battle with oneself. The main goal is to reach a state where decisions are made without fear and greed.
I want to highlight the quote: "Every trade is unique, and the results of past trades do not influence future ones." Think about it, beginners who are already trying their hand in our craft.
I do not intend to write down all the books word for word, what they are about, and why. You cannot force knowledge into someone's head. Therefore, in this case, I give you a fishing rod, not a fish, colleagues.
If you liked the selection, thank you❤️
Educate yourself and invest in your own future.
Have a great start to the week everyone!
