47 Comments
 

Bro, you lied about being an FX pro in your interview.

No book is going to help you keep up that ruse. Quit while you're ahead Jeff Chiang.

 

FX Spot or derivatives/options?

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

FX Options and Structured Products isn't bad.

What makes you want spot over derivatives?

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 
Best Response

If you want a strong understanding of the FX market, including how it operates, and the different products, I recommend Foreign Exhange by Tim Weithers.

In terms of long term trading, there are some books on technical analysis (support levels,ect) tech analysis can be used for very short term trades, but it can also also be used for longer term trades.

Currency Trading for Dummies goes into detail about how different currencies react, the key economic indicators, and how to trade in a short or long term trading strategy.

I think you would probably want to do swing trading with FX and take positions based on current market psychology. An example would be the Euro debt crisis, or the resent surge in the Yen.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

I am trying to do the same thing because I work full-time and don't have time for short term trading

Basic stuff: Go to http://www.babypips.com and do the beginners course in forex.

Books I recommend for medium-term and long-term trading:

Swing Trading the Currency Market by Kathy Lien http://www.amazon.com/Day-Trading-Swing-Currency-Market/dp/0470377364/r…

Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets by Ed Ponsi http://www.amazon.com/Day-Trading-Swing-Currency-Market/dp/0470377364/r…

Ofcourse I'm sure you can find these books for free if you did a little google search

My broker is MBTrading. I'm still demo trading trying to develop a strategy that works for me. If you want more information, feel free to PM me.

P.S. I don't know if this is the right forum for forex...there are plenty of others out there

 
seventhcerealyou said you made a lot of money what do you need to learn? how much did you make?

I just did basic trendline support and resistance but I had a good trading plan psychologically too.

turned 3800 into 11,100 in a little over 45 days

 
JasonLohlol...don't kid yourself

if anything i will learn by trading starting out with a small account with a negligible amount of money to lose ... and build a papertrading book.

 

I am not sure there is more to Fx than the chart for the retail trader. You literally need to form your trading strat from the moves you see on-screen. Do all the fundamental analysis you want, you will, imo, still need to watch the chart.

... Not the easiest way to trade, but I've seen it done on the retail side. Also carefully choose your brokers. Fx is not an exchange-traded market, so watch out for shenanigans.

 

I read a biography of Warren Buffet watched the movie hoodlum, scarface, all godfathers, ghost, casino , goodfellas wall street etc etc etc. after all of this exposure to being taught to have limitless dreams I started surfing on the internet for info about trading. A good friend who is an investment banker discouraged me from forex so I know absolutely nothing about forex but I do know swing trading in the stock market. Its is something to check into look it up on investopedia, wikipedia, and if you have a great mathematical background try some trial and error with a virtual account. I used to get straight A's in math in H.S. and if i wasnt distracted by how much of a huge mega virgin I was in college the first few years I would have continued to get straight A's in math. My father should have brought me a prostitute for my 18th birthday. Anyway with great mathematical skills you can maybe become a great swing trader

 
smallmoneygrowerfundamental analysis is for big bank and if you going long but for swing trading and gettin in them fewer day money farts all you need is technical analysis
nice tard.
 
JasonLoh
smallmoneygrowerfundamental analysis is for big bank and if you going long but for swing trading and gettin in them fewer day money farts all you need is technical analysis
nice tard.

whats that suppose to mean tard as in retard or tard as in i spilt some of the proverbial beans by saying this fact

 

hey I swing trade stock every thing I see and hear on CNBC about a companies performances is after I have pre-determined the out come of a stocks performance through technical and this only works for swing trading which brings big money to an individual but as far as institutional investing over a period of months I still think technical analysis is more helpful but it is good to know fundamental if your going long and hoping for a big fat dividend payment of say above a few percentage points and also fundametal analysis helps when deciding which stock to buy in hope of diviedend payouts.

 
Eurodealerthe fuck's going on in this thread?

that's what i said earlier lol ... i know some people favor more or less fundamentals or technicals .. but i didn't know people had extremely strong feelings about it like that lol

 

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