Any books or online resources about Forex trading are good for theoretical concepts. And there are plenty available. However, the success in practical trading does not depend on only the understanding of technical indicators and technical analysis. For technical analysis and indicators you may refer to http://www.forexabode.com/technical-anal... Please check that apart from technical analysis section they would highlight the areas like psychology and fundamentals. Before I come to the point, do check the guide to MACD and specifically the content under the heading "Rationale behind using old period settings". Suppose, we know MACD very well and also have done are back testing to see that for a specific entity, which time-frame chart is best to use MACD and then trade with MACD accordingly. What the above mentioned chart indicates? It indicates that on the daily chart of USD/JPY, the MACD had given 9 crossover signals over a period of 5 months. Now, half of those signals proved to be false. I would say that 80% traders might have lost money trading on the basis of those signals. The reason is just the psychology. The people who would have made profits were those who believed in their strategy and did not let the fear come into the picture. Because the signals which proved to be true gave much hefty gains then the possible losses by false signals. Most of the traders may exit prematurely and hence the losses neutralizes the profit or even become higher than the profits.

Another good article on trading psychology can be seen at http://www.investopedia.com/articles/tra... To conclude, success in trading depends on:

1) Discipline and risk management.

2) Keeping a high risk-reward ratio and avoiding the positions where this ratio seems to be weak.

3) Using only a couple of technical indicators and avoiding the confusion by the use of too many of those.

4) keeping an eye on the economic releases.

5) Asking ourselves if the position we are going to take is really justified or we are just taking it for the sake of being in the market and just for the hope of making a profit.

Discover now the best sport betting system: http://sport-betting-tips.gelaf.info

Too many people think of sports betting as just something they do in their past time. However, many people can see the potential that exists if you manage to have the right sports betting strategy and correct approach to betting in general. Are you sick of losing? Interested in finding out how to turn your luck around? Do you want to know which sports betting strategies stand to help you make the most from your betting?

Any good strategy should allow you to place bets based on a systematic method. Of course there is always a random element or so called luck involved, but betting is all about stacking the odds in your favor. There should be no guess work involved or bets placed based on gut feelings. Betting is a business and it should be treated like one. Any money you use for betting needs to be separate from money you use for your daily life or anything else. How can you possibly expect to follow a strategy with money that was originally set aside to pay next week's rent with? You can't. This will help you to focus on the task of betting and remove any emotional strings attached to the money.

So what makes a good strategy or what should you look for in a strategy before you decide to implement it? Any good strategy needs to have a positive expectancy. This means that in the long run you will win. The hit rate of the strategy needs to be above 50% for you to be able to profit in the long run. An ideal win rate should be between 60 to 70%, because you will need to cover the fees and other expensive associated with betting. Is it feasible to expect you'll be able to find a system that has a 100% win rate? No, it isn't. The best you can do is find a system that has a positive expectancy and stick with it. In the long run you will make more money than you can possibly lose.

Keep whatever information and news you have about the teams as up to date as possible. Any changes in the teams makeup or factors that affect how the players play will great affect the potential outcome of a match. Make sure that you are constantly up to date on every aspect that affects the potential outcome of a match. Information is the key to winning at sports betting.

I don't trust forex signals anymore. Those people get forex signals through automated software. Therefore, reliability of them is very poor. I used to trade using forex signals, nevertheless I end up with losses. The human mind is better than forex signals. If you carefully analyse the forex charts, you can certainly find an opportunity to open a position.

Just visit to the DailyFX website and watch the analysis of the currency strategists there, they are more useful than forex signals.

http://www.dailyfx.com/

Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market by Greg Michalowski

Forex Patterns and Probabilities: Trading Strategies for Trending and Range-bound Markets by Ed Ponsi

The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

Bird Watching in Lion Country by Dirk Dutoit

reviewed here: http://www.financial-spread-betting.com/...

From one mentor:

Most traders we speak with have learning curves that have cost them between $15,000 and $70,000 and up to two years in time.

Most beginners don't fully understand the effects of risk and leverage. It is the killer of the newbie before they have a chance to learn anything or gain experience. If you stop and think about it, why would anyone leverage ignorance, inexperience, and a gambling mentality, except a newbie?

Currency ETFs are a way to play any dollar-related trades. These ETFs are just as good as trading spot forex, in a standard account for stocks. Trades just like a stock. The only difference is that the ETFs are not leveraged. Below is a list of some of the currency ETFs that are worth trading:

? FXA - Australian dollar

? FXB - British pound

? FXC - Canadian dollar

? FXE - euro

? FXY - Japanese yen

? FXF - Swiss franc

Currency ETF List

http://etf.stock-encyclopedia.com/catego...

TRAITS OF SUCCESSFUL TRADERS: a four part guide

http://www.fxcm.com/docs_pdfs/fxcm-trait...

My advice on trading forex:

http://answers.yahoo.com/question/index;...

http://www.goforex.net/forex-basics.htm

If you want to learn trading, probably best to learn to invest in stocks first, develop a trade plan and become consistent, and then expand. Forex is a horrible market to begin, even commodities would be better to learn range-bound markets. Forex is a commodity.

Read David Nassar, "Rules of the Trade" to develop and test a solid Plan.

I'm making big money with binary option, I use this software ( http://forexsignal.kyma.info ) My software delivers signals only when the five indicators (bp trend filter, market deviation, price pattern, rel. price impulse, stat. price range) are aligned together and we have an extremely high confidence rate, it must then co-exist with my proven secret strategy before a trade be detected… as a result, we get a guaranteed Highly-Accurate ’80-100%’ Signal.

I'm earning good money with this binary option signal sofrware ( http://forexsignal.kyma.info ) What I'm going to show you now might irritate old-fashioned traders who can't accept that a piece of software can outperform what they have learned through many years of trial and error

here you will finde the top best courses for free

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but personalu i like price action and harmonic trading

The best I found

www.babypips.com

As an intermediate forex trader, I already know all the information that a trader must know about technicals (indicators, ichimoku, etc.) and fundamentals (data impact, news, economic indicators, etc.) but my biggest problem is methodology (strategies, increasing probability, entry/exit, forecasting, etc.)

in short, I need guidance on how to actually use that information about the FX market, and correctly implement that to make more money. :-) if you know a good book or online course that can help with that please let me know.

thanks

P.S. I am already making some money in the forex, the same is for 20% of the traders out there. so please dont try to make me and other respectable readers believe that it is a non-profitable market.

P.P.S. I have already read "forex trading for dummies" which is a great book to begin with. I am reading kathy lien's "day trading and swing trading the forex market". but im not sure if i should read kathleen brook's "on forex" or not....