Real Trader Stories | Forex Beginning - Forex for beginners

Real Trader Stories

The so-called ‘Turtles’ were a potpourri of trading wannabes assembled by legendary Chicago commodity trader Richard Dennis, who took a bet with a friend that he could get a bunch of trading novices to learn and start trading successfully. The rest is history, as they say. A very good book indeed, written in a clear to-the-point manner. The book includes a whole chapter explaining in detail the original rules that the Turtles had to follow.
A trading book as old as Methuselah but containing a lot of distilled market wisdom. The books is a thinly disguised biography of Jesse Livermore, a remarkable trader who first started speculating in New England bucket shops at the turn of the century. Livermore was soon banned from these shady operations because of his winning ways and moved to Wall Street where he made and lost his fortune several times over. Not a nice way to live your life if you like security, but anyway what makes this book so valuable are the observations that the author (Edwin Lefèvre) records about investing, speculating, and the nature of the market itself.
The title of this book sounds like you’re just about to read a scammer’s sales pitch. In fact this book, written in 1960 by Hungarian-born Nicolas Darvas, documents the techniques he used to amass a fortune by the age of 39. You will find a description of his unique ‘Box System’, which he used to buy and sell stocks. The book remains a classic stock market text to this day. You can apply some of what you read to your forex trading.
Another book about legendary Jesse Livermore that complements ‘Reminiscences of a Stock Operator’. It’s full of investment advice worth its weight in gold. Quite entertaining, interesting and educational. The author has had a lifelong interest in Livermore, and went on to personally interview family members and study all that there is to study about Livermore. The book is full of details on Livermore’s trading system and personal life.
This book is a great autobiographical account of a man bought a seat on the American Stock Exchange where he began trading stocks, options and futures. He made some $600,000 the first year, and became a millionaire the following year. Growing richer and richer, at some point he decided to start managing other people’s money – a very unhealthy decision. His life became more stressful and soon he developed heart inflammation. His doctors asked him to make some changed in his life, so he moved together with his family to Florida. The book is highly recommendable, especially if you believe that becoming a consistently profitable trader will solve all your life's problems.
It is rare that you can virtually meet traders who are normally private but who open up their diaries and show you their trades. Due to their relationship with best-selling author Dr. Alexander Elder, they share their trades with those who would like to learn. All sorts of traders’ profile are included in the book - traders of stocks, futures, and options using various methods. You will read about how these traders decide to enter and exit trades. Each chapter illustrates an entry and an exit for two trades, with comments by Dr. Elder, the author of the book.
A best-selling book that has become a classic. Interviews with 17 great money-makers including Richard Dennis, Paul Tudor Jones, Marty Schwartz, Ed Seykota, Tom Baldwin and others.
The sequel of ‘Market Wizards: Interviews with Top Traders’, this book featuring top traders and their killer strategies. It repeatedly discusses fatal emotional pitfalls that hinder a trader’s success. A good book, but the prequel is better.