Newbie looking to start trading

[Daniel]

Thanks luke. I will look into it. I am quite stunned how indicators are the first trading technique taught to newbies.

Been looking around the charts in this forum but none of them use indicators. I guess I am far behind on reading price action as it is.

By the way... how did you get those trader specs under your username?

[Soultrader]

	Quote:	luke24.5
	My suggest reading: 1. Support and Resistance simplified by Thomsett, 2. Mind Over Markets, Dalton, Jones & Dalton. Also, any of the classic work by Schabacher, Wycoff, Edwards & Magee etc you will find helpful.

Interesting... I thought I had read most books. Never read Support and Resistance Simplified, by Thomsett. I am actually looking for some advanced trading materials. How would you rate this book?

[Labcast]

	Quote:	Daniel
	By the way... how did you get those trader specs under your username?

Go to My Account -> Edit Profile

Once you fill in the blank fields, the Trader Specs options willl show.

[Daniel]

Thanks. Got it to work.

[specmav]

I am pretty sure I have toppled the 100 book mark. I don't really bother counting on the slim chance someone might ask me. I would have to agree with soultrader on this. I would even say close to 90% of trading books are useless. One of my requirements was that the author actually be a trader.

[Visionary]

	Quote:	specmav
	I am pretty sure I have toppled the 100 book mark. I don't really bother counting on the slim chance someone might ask me. I would have to agree with soultrader on this. I would even say close to 90% of trading books are useless. One of my requirements was that the author actually be a trader.

Wow. That is quite alot of books. Im still on my third one. If you were to pick one book for a beginning trader, what would it be?

Thank you

[Soultrader]

	Quote:	Visionary
	Wow. That is quite alot of books. Im still on my third one. If you were to pick one book for a beginning trader, what would it be? Thank you

Tough question.... but I might recommend High Probability Trading by Marcel Link.

[luke24.5]

	Quote:	Soultrader
	Interesting... I thought I had read most books. Never read Support and Resistance Simplified, by Thomsett. I am actually looking for some advanced trading materials. How would you rate this book?

I picked this up for just a few bucks from Trader's Library a couple of years ago. Of the books I've read, it helped the most of any. It's just a primer on S/R, not for the advanced student. However, since I don't think there's a more important subject than S/R, I would recommend any new trader to include it in his early arsenal.

[Soultrader]

Interesting. I completely agree that by mastering support and resistance levels you will have no problem eating for the rest of your life. I will check this book out, I am sure I will find something to gain. Thank you for the recommendation.