TradersClass

Superior Trading Skills through Education

 
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Written by Site admin   
Sunday, 08 March 2020 10:10

Most of us have quite a library of trading books and amongst mine are titles that I return to again and again. There are also many others that I quickly pass on to the charity shop!

This one, The Art of Currency Trading by institutional currency trader Brent Donnelly, just got my attention. It was suggested by a trading friend because it talked about FBR's as part of the trading setups section.

As Traders Class members know, I often bang on about the False Break Reversal as one of the most important, reliable and powerful patterns to trade. It features in several of my courses as it will in my next on setups.

Brent Donnelly's The Art of Currency Trading, is a lot more than just a few trading patterns. It explains the mechanics of currency markets and neatly links macro fundamentals with technicals and the trader mind set.

The traders psychology section is the best I've read. Brent is the real deal, he's lived through the good trades and bad and survived!

This is an Amazon link to more details. I'm not affiliated with Brent or Amazon, it's just a cracking book!

 

From the blog

Four Poisons of the Mind

Deep Survival: Who Lives, Who Dies, and Why by Laurence Gonzales (published 2004, W. W. Norton & Company) has many lessons for traders and here is one of them:

There is a Korean martial art called Kum Do. This is a brutal game that involves a fight to the death with very sharp swords. The way it is practiced today is with bamboo sticks, but the moves are the same. Kum Do teaches the student warriors to avoid what are called “The Four Poisons of the Mind.” These are: fear, confusion, hesitation and surprise.

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