Top-5 trading books

Becoming a pro needs time, learning, and motivation. Use your gold mine of information – books. Increase your skills with top-5 books:

1️⃣“Trading in The Zone” by Mark Douglas
A primary book helps develop the trader’s habits, adjust your behavior, get the right mindset and deep market understanding.

2️⃣“Market Wizards” and “The New Market Wizards” by Jack D. Schwager
These books are in the format of an interview with a trader who turned $30 000 into $80 000 million.

3️⃣“One Up on Wall Street” by Peter Lynch
This book can show how many opportunities to profit you have and improve your knowledge of stock trading.

4️⃣“Reminiscences of a Stock Operator” by Edwin Lefèvre
A biography of Jesse Livermore, one of the most known traders, tells us how he speculated the market.

5️⃣“The Crypto Trader” by Glen Goodman
In this book, Glen shares his methods and strategies to show you how to earn on cryptocurrencies.

You can make a better life, just keep learning, and trade with Forex Signals.

If you want to become a trader, watch until the end"
"Do these 3 things to become a trader"
"Your profitability is guaranteed with this strategy"
And...
Such headlines seem attractive to someone who is unconsciously browsing virtual networks and makes them click on them, and their intention is only to get views from these headlines to earn money with advertising money, or else it is the problem of being seen.

Be on the side
Dear friends, if there were such things, no one could become a trader
If there was something that made you trade, the nature of the market would make that thing not work
Because the market is inherently zero-sum
The market moves forward on the disagreement of market members
It means that at the moment some people are taking buy positions (now either with the intention of entering the market or closing sell positions) and some people are selling them.

This difference of opinion causes the price to fluctuate, so there is never anything that causes the market to become one hand or all traders (except for capital management, of course).

We should just learn to lose less when our opinion is not the same as the market's opinion (I mean the stronger team between the seller or the buyer) and when we are in the same direction, make more profit from the losses.‌‌

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@nero_c_fx

What Is the 2% Rule?

The 2% rule is an investing strategy where an investor risks no more than 2% of their available capital on any single trade. To implement the 2% rule, the investor first must calculate what 2% of their available trading account is: Example: $2,000.00 account equals $40.00 risk per trade.

Key Takeaways:

The 2% rule is an investing strategy where an investor risks no more than 2% of their available capital on any single trade.
To apply the 2% rule, an investor must first determine their available capital.
Stop-loss orders can be implemented to maintain the 2% rule risk threshold as market conditions change.

How the 2% Rule Works

The 2% rule is a restriction that investors impose on their trading activities in order to stay within specified risk management parameters.

By knowing what percentage of investment capital may be risked, the investor can work backward to determine the total number of lot size to purchase.
The trader can also use stop-loss orders to limit downside risk.

In the event that market conditions change, an investor may implement a stop order to limit their downside exposure to a loss that only represents 2% of their total trading capital. Even if a trader experiences ten consecutive losses, using this investment strategy, they will only draw their account down by 20%.

The 2% rule can be used in combination with other risk management strategies to help preserve a trader’s capital. For instance, an investor may stop trading for the week if the maximum permissible amount of capital they are willing to risk has been met.

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The real world of trade means that the idea you had and waited for did not come true
It means that even if you do the setup and strategy correctly, your account will not grow
That is, even though you follow the capital management, but the account is in Darav Dan
It means doubting yourself and your strategy after several losses in a row
The real world is fighting with yourself every day for not doing what you think you should do
But don't just show us the money from the trade world.

When we get to these parts, we will be shocked by how difficult it is and we will be at a crossroads.
And even if we choose to continue on this crossroads, we are just at the beginning of the path
And we are going to experience many failures that include financial losses and psychological pressure
This same path will filter Tridra
The filter that turns us into a skilled person who earns money because of our skills
In my opinion, a person who becomes a professional trader is no less than a famous football player or a Formula 1 driver
Just read the biographies of famous and skilled people and realize how similar the paths are, the path of trying to become skilled in a particular skill.

Like us, Tridra, they fight with their inner demons to force themselves to take the next step and continue towards their goal.‌‌