Best foreign exchange books according to redditors

I was a TA for that class. Can highly recommend the class material and especially Joe's book which the class is based on. https://www.amazon.com/Bitcoin-Cryptocurrency-Technologies-Comprehensive-Introduction/dp/0691171696/ref=sr_1_3?ie=UTF8&qid=1501196273&sr=8-3&keywords=cryptocurrencies

I thought this scam disappeared several years ago, but I guess it's still going on. There are plenty of websites explaining the scam, like this one: http://www.forbes.com/sites/jayadkisson/2012/07/30/you-cant-fix-stupid-the-iraqi-dinar-scam-lives/

Someone even wrote a book about the scam: http://www.amazon.ca/The-Iraqi-Dinar-Scam-Dummies-ebook/dp/B007Z9DFN8

I would just write an e-mail to them and mention that you'd stumbled across some websites that seem to indicate that it might be a concern, and send them some links. That's about all you can do. Be prepared for them to get angry at you for sending them any negative information. Most people can't handle cognitive dissonance. Don't push it. Give them the information, and it's their choice to take it or not.

Sadly, it's usually people with very little money who fall for these kind of scams. The same is true for penny stocks, multi-level marketing, etc.

Outstanding answer my man!! I have been interested in getting into blockchain development as well, and I am planning to do a project on it for my networks course this semester. My experience mainly lies with C++, and I'm comfortable with sockets as well in it(boost and regular UNIX sockets), I also did take a distributed systems course as well.

Any ideas for a semester long project? I am currently reading [this] (https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=dp_ob_title_bk#reader_1491954388) and this to get started.

Hey there,

Great idea that you chose to focus your research on Bitcoin.
When I first tried to grasp the inner workings of the technology, I found this post to be extremely useful: http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ (it's a bit older, but still perfectly suitable for your purpose). Moreover, this article gives a good technical overview (http://www.ieee-security.org/TC/SP2015/papers-archived/6949a104.pdf) and this one is for a less technical audience (http://www.ingentaconnect.com/content/aea/jep/2015/00000029/00000002/art00010). Finally, if you want to have a more comprehensive introduction to the system, get yourself a copy of "Mastering Bitcoin" (has already been suggested here) and of this new book (https://www.amazon.com/Bitcoin-Cryptocurrency-Technologies-Comprehensive-Introduction/dp/0691171696%3FSubscriptionId%3DAKIAILSHYYTFIVPWUY6Q%26tag%3Dduckduckgo-ffsb-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D0691171696). The latter is an excellent introduction into the technical and economic building blocks. There are plenty of other valuable resources publicly available, but the previously mentioned articles and books should be sufficient to get you started.

Good luck with your thesis!

But be aware that with long term view, you still have to able to stand short-term corrections with your margin .. here is a good example how to avoid losing everything when waiting for your long term view to materialize.

Absolutely. There’s risk at every turn. Your home server could lose connection and miss a closing trade. Your vps could annoyingly restart or be under maintenance. An API could go down. Slippage can eat into your profits. I can’t say this definitively, but my guess it that most ‘horror stories’ about MT4 problems are people who were trading too big for their account size (imho). I haven’t had any issues, but if for some reason I get screwed on a trade, get the wrong price and the things fly, literally, 1000 pips against me, I might lose 100 dollars - a loss I can recover from. But nothing is for sure. There is always risk. When any give trade doesn’t mean very much in profit or loss though, I worry less.

If you're struggling with MQL4 you might look into: https://www.amazon.com/Expert-Advisor-Programming-MetaTrader-automated/dp/0982645937/ref=sr_1_1?ie=UTF8&qid=1472939095&sr=8-1&keywords=expert+advisor+programming

I was pretty happy with it. If you can swing C# I can't imagine MQL4 would give you too much trouble. The docs are pretty good too. Debugging is the most annoying bit.

Bitcoin and Crypto currency Technologies: A Comprehensive Introduction This book is great for learning all about Crypto

I honestly don't know of many books about forex, but I was able to read the first few chapters of Currency Trading For Dummies, and it seemed to be alright (covering the basics and such). However, if you don't want to spend money on books, check out these online forex guides (some may be linked in the sidebar, but they're good for beginners):

BabyPips

Forex4Noobs

Investopedia

DailyFX

You can learn a ton about the forex market for free online, but there's always stuff you learn while actually trading that they can't prepare you for in books/online.

Don't forget the Princeton textbook, Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction

• (free pdf)
  
• (amazon hardcopy)

For what you are saying I believe that this book is just for you. I utilized my savings according to what is written in this book, but I got afraid and took them out after I made some profits haha. The author shows different understanding of the market, using the law of demand and supply of the money market, so I hope it will be interesting for you:

https://www.amazon.com/dp/B07NJ1HNBC

I found some more info, here's a great post on the weedstocks subreddit from a former market maker. I also found this list on MM tactics; haven't read it yet, but at a cursory glance it looks pretty good.

Oh, and I also found this book a few days ago, and I just finished it. It includes a pitch to buy the author's trading software at the end of the book but there is still a lot of valuable information, and I find his theory on how and why MMs operate the way they do to be very compelling. He also has series of YouTube videos which are pretty good too.

Yes and (shameless self plug) I even wrote a book about it.

You have the right idea, an automated trading agent is definitely a benefit in that it is emotionless, constantly running (assuming you have your machine, router and modem hooked up to a UPS) and can be profitable. I must stress the can be since it will not always be that way.

I've written mine completely on my own, no MQL EA development for me! To be honest I stay away from MT4/5 mainly because of the windows requirement (yes, I've heard of Wine but I'm not interested).

My approach is algorithmic with a touch of AI since that's what has worked best for me. I still tune my app every few weeks/months (it's been good lately, so I'm happy) but I do keep an eye on it. I use fixed SL/TP levels, but I've had them "dynamic" in the past.

If you're looking for a fool-proof formula for success, there isn't one. You need to trade manually and learn from your mistakes. Find yourself a strategy that works for you. My strategy involves MA crossovers with an RSI confirming it, but I also have a bunch of other "filters" with it like a minimum value for the crossover, a range that the RSI needs to be in to confirm a signal, etc. Coupled with a fixed SL/TP, it's done me well. The parameters for each are dynamic and found via my AI algorithm. Still, I came up with this strategy doing manual testing with it, followed by a boatload of back-testing.

PM me if you want to chat more.

I'd say get both these books, the technical details are very good and they're both very well written.


Mastering Bitcoin


Bitcoin and Cryptocurrency Technologies


And take this free online class based on the second book I recommended:
https://www.coursera.org/learn/cryptocurrency/

Hey, glad to hear you are a fan of Elliot Wave! I think mastering EW is the key to succeeding as a technical analyst. If you've been following the crypto market, maybe you've heard of my favorite EW trader, Philakone

His calls have been spooky accurate and has gained quite a following because of it. He just created a 16-hour online class covering TA and the basics of success for day / swing trading in crypto specifically, but EW can apply to all kinds of markets (just not great on individual stocks). The course is $200, and I did sign up for it, but in his case, I know he isn't a scam artist and has put out endless quality content on his youtube channel. I have made a lot more money using the tools he has given me, so I thought it was a good way to learn/reinforce my learning and show my support for him.

That being said, I'm three lessons deep and I haven't learned anything new that can't be found in his exiting youtube videos. However, they are all arranged in one place for you and explained in order, which may not hold true of his youtube videos.

Based on his recomendations I also follow Goldbug1 on trading view and Haejin Lee

I also recommed reading text books, I have read the EW bible: Elliott Wave Principle: A Key to Market Behavior by Frost and Prechter and I'm warping up reading Five Waves to Financial Freedom: Learn Elliott Wave Analysis by Ramakrishnan. The first is primarily the mechanics of EW and the second is more the application. Now, I've also started making a set of flash cards based on the important points in these books, on a program called Anki, which is used primarily by medical students. Once its a little more fleshed out, I'd be happy to share it.

As far as that goes, I would love to see a more active community here. Sharing ideas with a community and having them critiqued is essential to learning and being successful. I've been on a mission to post my TA when I see a good potential setup or do a more complex TA just to try to get this place a little more active. So, with that in mind, I'd recommend commenting, asking questions and even posting your TA here so we can learn together.

Speaking of which, I'm also reading another book that ties together the different markets that relate to Forex.

I'm starting to realize that the forex market is the bitch in the middle of equities, bonds, and commodities. So I really really need to understand all of these relationships so that I nab these good opportunities.

Only 20% of the way into the book, it is pretty long and tedious, but it seems to build up foundations before the rubber hits the road. But there's LOTS of building blocks.

A Three Dimensional Approach To Forex Trading - Anna Coulling

Point being, I think that if I have a better understanding of FA, I might be able to better spot these big breakouts.

EDIT: My wife asks me, "Why are you buying so many books???!" "Because I don't know enough!" :)

https://www.amazon.com/gp/product/B00BQZ9EY6/ref=oh_aui_d_detailpage_o03_?ie=UTF8&psc=1

Thats a pretty simple book for people who are brand new to fundamentals but will get you started

I'm a coder and I found that it jumps from beginner level to more advanced elliptical curve cryptographic math very quickly past the 100 page mark. I think a better book would be the following one which is the basis for a Coursera course:

https://www.amazon.com/Bitcoin-Cryptocurrency-Technologies-Comprehensive-Introduction/dp/0691171696

If you're suspicious that large numbers of Reddit users are shilling for Ethereum, then you can't trust any answer you receive to this question on Reddit. You'll have to turn to other sources, or develop your own knowledge of the functions and problems of cryptocurrencies and how they compare to each other and fiat. I'm reading this book which I'm finding really helpful. It focuses on bitcoin of course, but is a good primer on cryptocurrencies in general.

It's a long story. Read this book (https://www.amazon.com/Bitcoin-Cryptocurrency-Technologies-Comprehensive-Introduction-ebook/dp/B01GGQJ2XW/ref=pd_ybh_a_20?_encoding=UTF8&psc=1&refRID=W0QTCV2Y10G4GWR703PE) if you want a solid understanding. It'll be a great investment for your time and $

https://www.amazon.com/gp/aw/d/1975736648/ref=mp_s_a_1_4?ie=UTF8&qid=1518456387&sr=8-4&pi=AC_SX236_SY340_FMwebp_QL65&keywords=bitcoin+guide&dpPl=1&dpID=41KQ2APQ2mL&ref=plSrch

This One?

Great resource for investing in forex.
Read this book. You gonna learn how to make real money and avoide mistakes.

http://www.amazon.com/Forex-Beginners-Make-Money-Trading-ebook/dp/B00O2J2DCI/?qid=1413659336&s=digital-text&sr=1-9&keywords=forex+for+beginners&ie=UTF8&ref=sr_1_9

Here is the post for archival purposes:

Author: _Deep_Blue69

Content:

>Hi

>Is it possible to understand this book without coding experience besides very superficial stuff in VBA? I read his other book, The Internet of Money, which wasn't difficult at all, although also non technical. Perhaps you recommend a different source than this book? Already have a <em>basic</em> grasp of public/private key stuff, SHA-256, and such.

>For reference, I understood perhaps 80% of Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction

>Thanks ahead

I just ordered the book, I never found any tutorials either.

Get acquainted soon with Emmett's tradingschools site. Find a good reputable broker also with a decent sim platform. There are a few decent "intro to trading" books out there. One example I'd recommend is "The ultimate trading guide" by George Pruitt. If you're going to spend some money on "trading education", there are a bunch of cheap kindle books out there. Which while hit-or-miss, is still better imo, than splurging $300 for a trading room, or hundreds or > 1k for a scammer "trading course". An example of a primer on something like "volume profile" could be a cheap kindle book like this one.

The book of Japanese candlesticks I read was specific but no to that extent more like how to give context to all the candles and their meanings. By any chance the book you read is this? the one I read on Japanese candlesticks is this one if by any chance you're interested.

Invest in the forex market. You can find all kinds of ways to get a solid and safe 5-10% while minimizing risk.

That does not go without risk though. Currencies fluctuate just like stocks do. read some books and practice it before putting your savings into it.

Making It in the Forex Market: From Zero to $5,000 Per Month (Special FX Academy) https://www.amazon.com/dp/1549604082/ref=cm_sw_r_cp_api_i_i3kYCbQR9XTFS

Is a great start. Took me a few hrs to read and really gives you a grasp on what to expect.

Good luck!