Must Read Book For Forex Traders - Trade Your Way to Financial Freedom by Van Tharp

Trade Your Way to Financial Freedom really breaks it down for you what it takes to be a successful trader. It is written in manageable chunks that are easy to read and understand. An interesting aspect of the book for anyone fresh in the forex trading world is how Dr. Tharp constantly hammers home the fact that there is no way that you can win every trade that you place. In this Trade Your Way to Financial Freedom, you get a thorough education in what you must to to dispel this believe.

For many traders, it may seem impossible to build wealth and have great financial freedom when you are only winning less than fifty per cent of the trades you are placing. But after reading Trade Your Way to Financial Freedom, you will find that with the knowledge you gain, you will encouraged to create your own successful trading plan that will slowly but surely lead you to success.

Dr. Tharp stresses the importance of shaping your trading plan to fit your own personality, as no one traders have the same trading personality. Dr. Tharp also covers:

- The psychological biases against good system development - How to conceptualize your trading system - How to understand your trading system - Some sample of trading systems from professional traders.

If I had only to read two chapters from this book, it would be Expectancy and Position Sizing. Reading on these two topics alone would be enough to make you a better trader.