Steve Nison’s Candlestick Trading course any Good?
I was thinking about purchasing the book or DVD’s. Anyone have any good advice? Much Appreciated for a new investor in the Forex.
Steve Nissan’s book on Candlesticks is considered one of the best on the subject.
I traded FX for a year. So here are some suggestions, if you’d like;
Continue to read as much as possible.
The brokers don’t have your best interest in mind (most of
them use trading desks).
The brokers and vendors lead you to believe that everyone is succeeding in FX. Over time it’s less than 4%.
I’ve taken the trading skills I learned from FX and use them for swing trading stocks. I’m doing “OK”…. but I’m profitable and my month by month results are trending up nicely.
MOST IMPORTANT: The most important key to trading succesfully is;
Good money management (stops, targets etc.)
And most important…. Position Sizing!!!!!!!!!!!!!!!
Hoping, wishing, expecting have no place in trading.
If FX doesn’t work for you….. continue reading. It will help in other areas (ie, stocks).
Books I like for trading psychology;
Disiplined Trader, Mark Douglas
Trading For A Living, Elder
In The Zone, Mark Douglas
General stock books;
Mastering the Trade, Carter
Trade Your Way To Financial Freedom, Tharp
I’ve read countless books on FX. I have none to recommend. I have plenty to sell you!
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