I am learning FOREX as fast as possible with little money to spend on learning. What courses in college can I take and what books should I read? I am really interested in indicators and oscillators. So please help here?!?!!!
Also, Whats the difference between indicator and oscillator?
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6 Comments on “recommended books for FOREX trading!?”
Boris 9th March 2010
Technical Analysis of Financial Markets by John Murphy is the kind of the basis book for people learning Tech analysis.
Its written for stocks but it applies to all trending markets. including FX.
You will learn all the common indicators for anaylsis and how to use them.
An oscillator is a type of indicator, its an indicator that indicates the CHANGE in price movement and it indicates overbought and oversold conditions. Examples of oscillators are RSI and Stochastics.
Congrats on learning this yourself rather than getting scammed by someone selling unprofitable systems, you will have higher odds of success, if you dedicate yourself.
khalilkyd 9th March 2010
Hi,
An oscillator is an indicator . Indicators follow prices.
Since indicators are lagging instruments, why dont U
concentrate on prices .
The 1st book you must read :
Trade Your Way To Financial Freedom by: Van K.Tharp.
Take it from there Jack!!!!!!
Rgds…………..
Fishier M 9th March 2010
if you really want to learn, then learn in using really experiance, this is the site that you can try forex with out putting any money on it : http://www.earn2p.blogspot.com
ajb 9th March 2010
Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.
Here is a free site that shows what has happened after economic news releases:
http://www.forexnewspatterns.com
dete49 9th March 2010
I saw some forex books on this page ,they trade the forex markets there.
Melessa 16th May 2010
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