Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

jpennybags

Seeking a Book About Currency Markets

Recommended Posts

I've traded the equity and futures markets successfully, and would like to consider adding currency trading to the mix. I'm looking for reference material that explains the currency markets in depth. The sort of material that would explain the how, why, and what of currencies, not trading strategies. I'll figure out how to trade it on my own.

 

Thanks.

Share this post


Link to post
Share on other sites

you might be best to start at the basics checking out videos and other such info from the brokers webinars. eg; http://www.interactivebrokers.com/en/?f=%2Fen%2Fgeneral%2Feducation%2FpriorWebinars.php

 

Most books I have seen are simply trading styles and are not going to give you much real info as to how it works.

I will ask a friend who worked at one of the banks for a while on their FX desk if he knows any more technical process as opposed to technical analysis books. (bump me if I forget about it)

Share this post


Link to post
Share on other sites
I've traded the equity and futures markets successfully, and would like to consider adding currency trading to the mix. I'm looking for reference material that explains the currency markets in depth. The sort of material that would explain the how, why, and what of currencies, not trading strategies. I'll figure out how to trade it on my own.

 

Thanks.

 

Don't forget - you've always got currency futures and you already understand the technicalities of how the futures contracts work, rollover, order matching etc. Just a thought.

 

It's good to hear you're having success with what you've been doing so far.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites
You might want to google currency trader magazine. They will send a free pdf copy of the magazine everytime a new issue comes out.

 

Just a thought???

 

They will send one and then another, and another, and another, and another, and another...

Share this post


Link to post
Share on other sites
They will send one and then another, and another, and another, and another, and another...
LOL true. they have been sending me that mag for years...rarely do i look at it if ever. never traded traded forex.

 

:rofl:

Share this post


Link to post
Share on other sites
y

I will ask a friend who worked at one of the banks for a while on their FX desk if he knows any more technical process as opposed to technical analysis books.

 

Feedback from the friend....

"Great question ..... and ..... you know what? I actually do not know of any"

Most books are on simple technical analysis......

He said he learnt most of his stuff just by sitting on the desks and picking it up.....

 

He did recommend from what he had seen the successful traders do (this is someone who sat on the FX desks at a large bank) Make of it what you will as I am sure you have your own style :)........

 

  1. stay away from scalping (it can be done but its hard work and the PL swings when it moves 30-50 ticks really quickly against you are tough) instead look for the next 100-150 points, and be willing to wait for it. (basically swing trade)
     
  2. CNBC have a 1 hour program each week called 'Money in motion' - info is general in nature but broad and discusses the general setups and offers some insights for those not 100% in the loop.
  3. They also have the CNBC Explains video tutorials on the web.
     
  4. Finally, a twitter recommendation - a guy called 'forex gump' - uses 2-4 hr charts, targeting 100 + pips. (Neither of us have any affiliation - I have no idea who he is)

Share this post


Link to post
Share on other sites

Thanks to all for the replies. Special thanks to SIUYA for taking the time... appreciate it.

 

I found a book on Amazon that seems to be what I was looking for:

 

Foreign Exchange: A Practical Guide to the FX Markets (Wiley Finance): Tim Weithers: 9780471732037: Amazon.com: Books

 

Also found an online source for similar material. I don't like reading extensive material online, but for those who don't mind it's free:

 

Learning Center (UNIT A): Absolute Essentials

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.