Forex Trading Techniques

Jason Alan Jankovsky is a name that many people in the Forex industry are already very familiar with, but if you do not recognize the name then you should know that he is one of the most respected Forex traders of all time. He is relatively young for a successful trader but the fact that he has traded in almost every market imaginable makes him a great source of information not just about the Forex market, but about trading in general. Information about the Forex market can be gleaned from any one of dozens of different sources but the type of information and experience that Jankovsky possesses gives him insights into the trading process that very few other people have. This is what makes him a good Forex trading mentor. If you have the time to take your Forex research to the next level, you might want to consider a few of his books.

His book The Psychology of Trading is a classic for individuals who wish to learn a bit more about forex trading. In the book, Jason extensively discusses the concept of how emotionalism and discipline influence the trading process and how entire fortunes can be won or lost with a single great close or a single mistake respectively. Psychology is an aspect of trading often dismissed in the Forex market because of the number of people pursuing technical trading strategies that only depend on the price of the commodity in question, but Jankovsky illustrates in this book why such an opinion is dead wrong. Just because you have a particular strategy does not mean you will stick to it and that is a point driven home quite well in The Psychology of Trading.

Another good book that you can read by Jason Alan Jankovsky is Trading Rules that Work: The 28 Lessons Every Trader Must Master. The book is somewhat expensive as a stand alone purchase, but it is a very useful text once you get past the basics of Forex trading and start looking into situations that are more complicated. If you ever want to feel like you are in complete control of your destiny in trading, then you need to have a deeper understanding of the market as well as trading in the market. This book can help you gain that understanding a lot faster than if you were to just jump in and start trading right away. Chances are pretty good that even if you do not read this book, you will still be forced to learn those 28 lessons the hard way.

One primary reason Jankovsky is a great person to model yourself after because he is not afraid to admit to making mistakes. Forex traders generally like to pass themselves off as demigods and omnipotent beings, but the truth of the matter is that even the best trader makes mistakes. Jankovsky is superior as a role model because he admits mistakes. His book The Art of the Trade: What I Learned (and Lost) Trading the Chicago Futures Markets is full of lessons that he learned through experience. You can learn those very same lessons before you even sit down to the table if you read that book.

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