One of the Best Forex Trading Books obtainable – If You Want to Succeed As a Trader It’s a Must Read
If you are an experienced forex trader or just learning or already thinking about becoming a forex trader there is one book you must read, This book is not about the forex specifically but is nevertheless one of the best forex books obtainable. The book was written about trading the stock market but it applies to forex trading just the same.
This book is called Trading in the Zone by Mark Douglas. In this book Mark goes thorough into the main keys that separate successful traders from everyone else. Most traders are regularly looking for the one system, the one technique or strategy that will make their trading profitable. Some will use years searching for this holy grail and in doing so they miss the one concept that will make their trading profitable.
This one concept that will make or break your trading career is you the trader. It’s not the system or the techniques it’s you. Your psychology and your resulting habits are the biggest factor that will determine the outcome of your trading. The trading decisions you make will be a consequence of your own psychological state. If you are not in the right psychological state your trading is going to be a direct reflection of that and like most traders you will likely lose money instead of make money with the forex.
That is the sad fact. Most forex traders do lose money in the long run. This is not because the forex is bad or the systems they are using are bad, it’s because the traders are not in a good psychological position to make the right trading decisions. This book will go in thoroughness and teach you how to get your own emotions and psychology in the right place or “in the zone” to where your trading decisions will be positive.
Not only will this help your trading, also getting your mind right for trading will also help you in other areas in life like business, relationships and parenting. The struggles that traders go by can truly be a blessing in concealment. It’s struggles like these that motivate people to seek the kind of information that’s in this book that will help them grow as people.
So if you want to become a better trader I highly suggest you read Trading in the Zone. Another way to greatly enhance your trading is to use an automated program or robot to do your trading for you. The advantage of a robot is they don’t have emotions and a psychology to conquer. They already have the ability to do what this book will be teaching you to do. This is why some robots are making more profit than most manual traders do.
If you are not using a robot you should at the minimum take a look at them. They can make a lot of money and you can learn a lot from them. I will post a link to the one I use below. It’s been producing very consistent profits and it doesn’t cost much.