Forex scalping books.
If you have been around the Forex market for any length of time, then you are probably familiar with the term Forex scalping. But what is it and why do so many traders and investors use this technique? The answer lies in the profit potential inherent in Forex trading. Scalping can be used by anyone of any age or ability. However, there are several factors to consider before diving into the practice.
In the book "Forex Trading Made E Z", Mark Douglas provides a thorough introduction to the subject. He begins with an explanation of scalping and how it works. Although there are many different terms that are used to describe this strategy, "Scalping" is generally understood to mean making small gains in a short period of time. However, in this book, Douglas provides a more detailed explanation and examples of when and why scalping makes sense. Because of this, many traders have found that it is a helpful guide to the strategy.
Another book that may be of interest is "Profiting in the Forex Market". This book is written by Avi Frister, a well respected Forex trader. Although he covers a lot of the same material that can be found in other Forex books, his approach is a little different. His book focuses primarily on how to find good trading opportunities and how finding these opportunities is less complex than you might think. Because he is an experienced trader, he does not go into the inner workings of the Forex markets as many other authors do. His book is geared towards the new investor who is interested in learning the basics in order to become a successful trader.
Another useful book is "Forex Trading: A Practical Guide to Your Success in the Forex Markets." By Avi Frister and Joe Okarko, these books provide excellent information on how scalping works. Although some aspects of scalping are complicated, they are well described in this book. These books give an excellent overview as well as a detailed explanation of the technical indicators that are used in scalping. They also explain why some strategies work better than others for certain currency pairs, and they give a good explanation as to why there are no shortcuts to making money in the Forex markets.
Two other books that might be interesting to the new trader are "The Forex Brotherhood" by Avi Frister and "Forex Trading: A Comprehensive Guide to Currency Scalping" by Robert Kulick. Both books are written by professional Forex traders with many years of experience between them. Each author has his or her own method of presenting information about scalping. The information presented is also different from each author's other books.
Perhaps the two most highly regarded books are "Forthcoming Insiders Forex Trading with the Price Action Strategy" by Brian Keelan and "Gathering Magic" by Mark Waters. These two books are often cited as authorities in the field by other authors and traders. There are some similarities between these two books. However, each author presents his or her book in a very different manner. They present their information in a different way and this makes a difference when it comes to how one should use the price action to trade.
Probably one of the best books on the market today is "Forex Trading Made E Z" by Marcus Leary. This book received rave reviews when it was first published and it remains a top seller to this day. It is a clear case of proof that price alone can not be relied upon to provide accurate signals of what the future holds in store. While most of the book involves explaining technical indicators, much of the content is devoted to explaining why they are used and how one can use them correctly.
No matter which of the books you choose, make sure that you take the time to read the book cover to the end to learn more about the author and his/her methods. Books are great but they are useless if the author fails to explain what he/she is trying to convey through the text. Take the time to get to know the authors of Forex Scalping Books so you know exactly why they are selling such high volumes and how well they can teach you how to maximize your profits with Forex trading.