Edwin Lefebvre, Memoirs of a Stock Speculator.

So to speak, a classic of the genre, “Memoirs of a Stock Speculator” is considered one of the best books on stock trading and although it was written at the beginning of the twentieth century, the recommendations contained in it are still relevant.

The book is a description of the biography of the outstanding trader Jesse Livermore, and is more reminiscent of a fictional story than a boring textbook on trading.

This textbook talks about trading on the stock exchange, the main trading tool being shares of well-known companies and enterprises.

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. Here you will not find ready-made forex strategies that can be immediately applied on the foreign exchange market or other financial exchange, but you will learn how trading is carried out on real exchanges and what underlies success.

You will have the opportunity to understand the very essence of speculation in any of the financial markets. After reading the book, I am left with an ambiguous impression - how simple and at the same time complex everything is in the movement of securities prices and changes in exchange rates.

An understanding comes that you need to trade not just for the sake of the trading process itself, but for the sake of seizing a good moment, and sometimes one open trade at the right time can bring more than ten others. In addition, you understand that it is simply not possible to influence the exchange rate on your own; you need to catch the existing trend and observe how the majority of players behave; the actions of large market makers are most often directed in the opposite direction. And this allows you to calculate the situation and identify many Forex patterns .

In general, read Edwin Lefebvre’s book “Memoirs of a Stock Speculator” and be amazed at how much simpler everything was in stock trading before.