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[lynndal]

Greetings,

I'm in the early stages of preparing a book on trading the forex markets successfully. The book will be edited with different authors writing individual chapters. I am seeking verifiably successful Forex experts/traders who would be interested in submitting possible chapters for inclusion in the book. (Not all submissions will be included in the book's final form)

While chapter submissions can be more general, like "introductions to forex", "trading psychology, discipline, etc." I am looking for the majority of the book to contain specific, actionable strategies that the end user can use to begin implementing actual forex trading methods...

Each author will receive a free copy of the book and will be allowed to provide a brief bio at the end of their chapter that can be used to minimally promote their own website, service, etc...

For more information or to submit potential chapters please send an email to
book@forexsuperinvestor.com

Thanks,

LKD

[elmagd2000]

Interested to get more details. I sent you email.

[lynndal]

Apologies to anyone who had difficulty with the book@forexsuperinvestor.com email address. The address should be working now.

Here are some additional details regarding this project.

The book will be aimed at a target audience of novice to intermediate Forex traders and those wanting to learn the Forex markets. It will include general background on Forex trading and on trading skills that are applicable to all successufl traders (discipline, money management, etc.) but a large portion of the book will include chapter's that give readers hands on, actionable (they can take the information and use it immediately) knowledge of specific forex trading strategies.

Most trading books and especially, most Forex books on the market now are too general and don't give enough specific details for users to actually trade with. This book is aimed at correcting that.

The book is in the early planning stages. However, I hope to have submissions from potential chapter authors in near future and will then begin the editing process.

If you are interested, please let me know and feel free to submit a sample chapter. There are no limitations on the chapter length as long as the chapter contains enough detail to be informative and useful. Also, please provide a brief bio of yourself and your Forex trading experience. (If you are submitting a specific strategy for trading...please include information about the back testing or actual trading results of the strategy).

[Dr. Zogg]

My past experince with my last book taught me that there's a huge gap between publishing a book and selling a book.

Do you have a publisher interested to take the book or does it still have to be sold to the industry?

[lynndal]

The book is currently in the planning and development stage and does not have a publisher or publishing contract at this time.

[Dr. Zogg]

I very strongly suggest you get that you do a book proposal to a few....if they like it they'll even fund it before you start...

[m_ashiq88]

Originally Posted by lynndal

Greetings,

I'm in the early stages of preparing a book on trading the forex markets successfully. The book will be edited with different authors writing individual chapters. I am seeking verifiably successful Forex experts/traders who would be interested in submitting possible chapters for inclusion in the book. (Not all submissions will be included in the book's final form)

While chapter submissions can be more general, like "introductions to forex", "trading psychology, discipline, etc." I am looking for the majority of the book to contain specific, actionable strategies that the end user can use to begin implementing actual forex trading methods...

Each author will receive a free copy of the book and will be allowed to provide a brief bio at the end of their chapter that can be used to minimally promote their own website, service, etc...

For more information or to submit potential chapters please send an email to
book@forexsuperinvestor.com

Thanks,

LKD

So have you got any offers fron any1 accepting your proposal to publish your book?

[DrForex]

I don't want to be negative, but rather be of a little bit of help as a devil's advocate with regards to your planned project.

I think the underlying premise of such a book is wrong in that it defeats the basic premise namely education of the uneducated or struggling forex trader on the aspects of trading that matters most. This is best described in Piper's trading pyramid in "The Way To Trade". The important part of this book I think is these days available free. It is also why "Reminiscences" and "Trading for a living" are on many best books lists even though it have nothing to do with FX or detailed systems.

Experienced forex traders who make money will simply not buy such a compilation unless they are the handful that buy all the books they can get.

The novice and inexperienced trader's problem is that he will not have the knowledge to make a selection and then properly apply to his situation of what is presented. For that matter a system is a system is a system.

What makes trading systems successful is not the system or its rules and application thereof in an objective manner but the applicability of the system and its rules in the whole context and psyche (yes, "life") of a specific person. I.e. a subjective home-coming of the rules in the system for a specific person. That's why it is more or less why some say "its not in the system" it is in the money management"; its not in the money management, its in the "disciplined" money management; its not in the discpline its in the psychology / mind of the trader.

The trader must grapple with the system. It takes a while to get to the point that you "control" the system (any system) to the extent that you can be comfortable with it and apply it in a more or less systematic discretionary manner en later even pretty mechanical.

The main distinction in approaches is that between discretionary and mechanical. Most people don't realize that discretionary trading always precedes mechanical trading. Attempts to trade "mechanically" if you don't have a fair amount of trust in your discretion usually fail.

The book will probably be very general in terms of systems as most authors / traders worth their salt will understand the above and as such protect their name by not subjecting it to what can possibly only have down side. (People that don't understand the real reason why they fail to implement such strategy successfully and then blame the author's system.)

Successful buying and selling of currencies is the result of a properly organized forex trading business plan, based on a foundation of broad applicable knowledge (self, market, world) and practical application to trading matters that extends far beyond the mechanics of a trading system's parameters on anything that can be written in the pages of a book, irrespective if its a compilation or focused on one approach.

If the above is true, you can just as well source a few free systems from the forums and package it properly. That will have the value that it is a quick research tool containing what people will probably pay a few dollars for, for saving them time to search through the unmanageable amounts of information which may or may not contain that nugget of excellence that gel with a specific individual and take him from the losers' paradigm to the winners' paradigm.

Changing paradigms in the trading context in my experience though, has nothing to do with the nitty gritty of at what price and time to buy or sell a specific currency.

All the best with your project.

[lynndal]

DrForex,

There is not a lot I disagree with in your post. Thus, I don't take it as criticism at all. However, since (I believe) you have your own ebook that acts as much as a psychological primer and an introduction to your mentoring program as anything else (good reading though) you should understand where the premise of this book comes from.

All you have to do is look at this forum and see that the most popular threads are generally systems threads...in particular, threads that aren't I've got a secret system... but threads that fully explain the parameters of the system so that someone could take those parameters and actually trade them.

I agree that most profitable Forex traders would not need such a book as they would not be profitable if they had their own system (discretionary or mechanical) that worked for them. A system is never a system unless psychology, discipline, and money management are an integral part of it. It has been said that you could give a trader a profitable system and they will lose money with it. That's likely true, because the discipline, underlying knowledge, and particualarly money management skills aren't yet part of most trader's repertoires. It is a truism that most (maybe 95%) of traders lose money.

Why is that? Is it that these unprofitable traders are idiots with lower IQs than those that consistently make money? I don't think so. Intelligent people lose money in Forex and other forms of trading sometimes simply because they are intelligent enough to believe they can be successful at anything. Thus, a loss is taken as a personal attack on their egos. If discipline and good money management aren't in place... then the results of a defense against this "attack" will be disasterous.

However... while the books you mention "Remininsces, etc." are indeed great books and should be required reading before ever placing a trade.... they (nor your ebook) actually get people to the point of seeing a setup, entering and exiting a particular trade. They are too general and do not take the aspiring trader to the next level of actually trading.

The idea for this book (which by the way has been placed on the backburner for now) is to go the next step. And yes again, if someone wants to slog through the moneytec forums they are likely to find several systems to work off of, check out and eventually make their own. There are a lot of people out there selling ebooks that don't go far enough A lot of mentors, seminars, and trading courses that are making more money selling there wares than they are by actually producing profitable traders.

There are beginning to be a few more choices on the bookstore shelves specifically related to Forex. But none that I know of would have you comfortable that you are taking a trade as part of a "system." Most are, as I said, advertisements for additional services (mentoring, etc.)... The idea for this book isn't to be the bible of Forex trading. It is to provide, specific, testable, tradeable systems for novice, intermediate, and even advanced Forex traders to test on their own.

Obviously... a system without the disciplines of money management and the understanding of trader psychology will likely fail. But without a system...potential traders will be sitting on the sidelines scratching their heads not knowing what and why to take a trade. Or worse...will be taking trades for no real reason at all.

The purpose and idea of the book is to give traders the reasons for taking a trade. Something that is sorely lacking in most materials out there. Will it make everyone who reads it profitable. No. Will it be helpful to some. I think so.

Thanks again for your comments...

LKD