Read Popular Vids Explaining Top Swing Trading Books, Top 5 Trading Psychology Books (must-read!!!).
Top 5 Must Read Trading Psychology Books
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In this Timisoara Forex trading vlog, I share the top 5 Forex trading psychology books – those books that helped me develop the right mindset as a Forex trader. Vlog #325.
Must-Read Book List:
– The Daily Trading Coach by Brett Steenbarger – http://geni.us/TkTL3
– Trading In The Zone by Mark Douglas – http://geni.us/win61
– The New Psycho-Cybernetics by Maxwell Maltz – http://geni.us/uYvhni
– Trade Mindfully by Gary Dayton – http://geni.us/1eq4VM
– TraderMind by Steve Ward – http://geni.us/l18wh
Interview with Gary Dayton: https://youtu.be/N_MIIDF2RNw
// SOCIAL
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
Facebook: https://www.facebook.com/desiretotrade/
Twitter: @desiretotrade
IG: @etiennecrete
// TRADING MUST-HAVE RESOURCES
Forex Broker: https://d2t.link/axitrader
Best Platform: https://desiretotrade.com/tradingview
Backtesting Tool: https://desiretotrade.com/soft4fx
VPS (for algo trading): https://desiretotrade.com/vps
Trading Journal: https://desiretotrade.com/journal
// MUSIC
David Cutter Music – http://www.davidcuttermusic.com
Dj Quads – https://soundcloud.com/aka-dj-quads
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
// AFFILIATE
The camera I use (Canon EOS M6) http://geni.us/9ZQgs
The tripod I use: Sirui 3T-35K http://geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)
AFFILIATE LINKS
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).
#TravelingForexTrader #ForexTraderVlogs
Top Swing Trading Books, Top 5 Trading Psychology Books (must-read!!!).
Does swing trading work?
Swing trading is based upon recognizing swings in stocks, products, and also currencies that happen over a period of days. A swing trade might take a few days to a few weeks to work out. Unlike a day investor, a swing investor is not likely to make trading a permanent career.
Pros
- Requires much less time to profession than day trading
- Maximizes temporary profit capacity by catching the bulk of market swings
- Investors can depend solely on technical analysis, streamlining the trading procedure
Risk Factors
- Trade positions undergo overnight and also weekend market threat
- Abrupt market turnarounds can cause considerable losses
- Swing traders usually miss out on longer-term fads in favor of short-term market steps
Is day trading far better than swing trading?
Swing trading provides for a much bigger earnings capacity than day trading. Usually you can strive a few portion points right approximately 20% and also past. Since your time frame for trading is bigger your profit targets are additionally better. This is where swing trading ends up being enjoyable.
The Daily Regimen of a Swing Trader
Swing trading combines basic and technical evaluation in order to catch special cost activities while avoiding still times. The benefits of this type of trading are a much more reliable use of funding as well as higher returns, as well as the disadvantages are greater compensations and also more volatility.
Swing trading can be hard for the ordinary retail investor.
The specialist traders have extra experience, leverage, info, and also lower commissions; nonetheless, they are limited by the instruments they are enabled to trade, the risk they can handling and their huge amount of resources. (Huge institutions sell dimensions as well large to move in and out of supplies swiftly.) Educated retail traders can make the most of these points in order to make money consistently in the marketplace. Here is what an excellent daily swing trading regular and strategy could look like as well as you just how you can be in a similar way successful in your trading activities.
What are the very best stocks for swing trading?
Facebook, Apple, as well as Microsoft are suitable stocks for swing trading in particular market conditions. To see if swing trading makes sense for you, think about method trading before taking the chance of actual cash.
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