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Mark Douglas-the Disciplined trader should be the first book any new trader
should read. It will put him in the proper mindset to function in a totally
different environment than anything he has ever seen.
-----Original Message-----
From: cb <cpbow@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, October 25, 1998 5:10 PM
Subject: Re: GEN: books on currency
>Joe Frabosilio wrote:
>>
>> Hello everyone,
>>
>> A friend of mine wants to trade the yen. I had recommended that he read
>> Schwager on Futures. Are there any other books that I should have
>> recommended to him? He is a real beginner to any type of trading. He
>> got caught up in the hype from a Television commerical and from a couple
>> of brokers that he had called.
>>
>> Thanks for your time and effort,
>> Joe Frabosilio
>
>
>"Elements of Successful Trading" by Rotella.
>"Winner Take All" by Gallagher
>These are not books on currencies but very valuable to a "real
>beginner". The first is a very broad intro to futures, options, tech.
>analysis, and $mgmt. The second is a book full of warnings and also a
>good non-mathematical *illustration* of $mgmt.
>
>You also might try to de-hype him as much as possible. Speaking from
>experience, I think very few beginners have really taken to heart the
>concept of drawdown, what a gap move might do to them, etc. This is
>probably true even when the data is at least in part in front of them,
>and you can assume that the TV ads didn't talk much about that!
>
> Conrad Bowers
>
>been a beginner for 3 yrs. now..... :|
>
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