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Books are good and I wrote about them below, but what you need first are basic concepts. Understand, that there are no "systems". If there was one- everyone woul be a billioner, especially on forex. Also those systems are for scalpers and you don't want to scalp. Scalping is for veteran traders, who are tired at the end of the day and just need some excitement between regular trades. Never try to make a 5minute trade- FX is not the right market for that. All it takes if for a decent bank to invest few hundred mill in a certain currency on a thin market and it will knock you right out of that trade in seconds.Try midterm trading. I make about 1-2 trades a month at max. Sometimes I keep them for a day, sometimes for weeks, sometimes for month or two. But I always look at the bigger picture, not just a few minutes, like in those systems.
What I would do in your position, is open an account with forex.com, they have one of the best reputations and awesome analytics, I've been trading with them since before they became so huge and never had a complaint(and no, I don't work for them). What they have is weekly webinars- its kinda like the grinderschool for forex, but live- they teach basic analysis, analysis that actually works. I think the minimum you have to deposit is like 250 bucks, which is worth it just for the seminars. Listen to those guys first, then you can attempt "self educating" yourself with textbooks.
As far as books go,I just finished reading "The Money Bazar" by Andrew Krieger, it's not a nessesity,but if you o decide to read it, it will give you a good idea on what it's like to trade forex and certain market manipulation concepts. Interesting stuff.
As far as textbooks to start with- very much depends on what you are planing to do. If you really really determined about scalping- you might want to study some in-depth technicals. Other then that- you are only going to use some trend lines and a couple indicators.
Technical textbooks are all very much the same, some more updated then others. You don't need in- depth analysis or anything, so don't bother getting a thick heavy 4 volume books like I did and then found out that all that info is retty much useless.So get something basic like http://www.amazon.com/Technical-Anal...7762320&sr=1-6
Elliot is also very useful and although I never read it myself, quite a few traders are recommending "Elliott wave principle applied to the foreign exchange markets" by Robert Balan
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