Happy new year to everyone! XBTFX wishes you a very prosperous and Happy New Year!
With the 2020 New Year finally here , all of us traders have the opportunity to reflect on 2019 , learn from mistakes and be humble about success. To better take advantage of the holidays and for those looking to expand their knowledge for the new year, we have prepared a reading list for our users . These are books that we believe will help you in your trading career like it has helped us.
- Ray Dalio - Principles - while this book isn't about trading specifically we believe that the shared wisdom in this book can help everyone to be a better decision maker and in the end of the day, trading is about making decisions all the time. Sometimes very tough decisions.
- Dan Ariely - Predictably Irrational - this book again has very little to do with trading, instead it attempts to explain that the postulate put forward by first Ricardo and then Adam Smith that humans engage in perfectly rational monetary transactions is false. It is a very light read, perfect for the Christmas mood, but it does provide for a very simple introduction into Behavior Economics.
- Pring - Technical Analysis Explained - this book was my personal introductions to Technical Analysis many years ago. It provides a very simple and very easy and straightforward introduction to Candle Sticks, Classical Chart Partners as well as basic Technical Indicators. Many people nowadays try to understand extremely complicated trading systems and concepts without understanding the very fundamentals of Technical Analysis. We believe that the basics are the foundation upon which knowledge is built so we always encourage taking it one step at a time and not rushing.
- David Halsey - Trading the Measured Move: A Path to Trading Success in a World of Algos and High Frequency Trading - this book is for advanced users only, it focuses on trading using Fibonacci numbers, something we are quite fond of. This trading methodology has been known for decades now and outlines a very good approach to trading with embedded risk management.
We hope you find our reading recommendations useful, all of these books can be found on Amazon. Do you know trading or investing books that you recommend but are not listed here? Let us know via firstname.lastname@example.org !
This post has been prepared by XBTFX.
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