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Over 50 trading questions answered by experienced traders and market pros

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As you develop in your trading you are going to have questions - lots of them.

You no doubt have some right now. Others you'll have later. No doubt many of them are on this list:

Section I – Starting Points How is trading different from investing? Why should I trade and not just invest? Section II - The Big 10 How much money can I make trading? When do I know I’m ready to start live trading? What books should a new trader read? Should I quit my job and trade full-time? Only professional traders make money, right? Do I have to accept some big losses in the beginning? How long does it take to make a stable trading income? How do I start trading? How difficult is it to trade? What is the percentage of people who succeed in trading? Section III - Trading Education Is it worth spending money on educational resources? If you know so much, why don’t you just trade? How do I avoid scammers? Section IV - Markets & Instruments What is the best market to trade? What’s the safest market? What should I trade? Is forex trading a scam? Is it better to trade spot forex or currency futures? Should I avoid trading over the holidays? Section V – Trading Mechanics What is leverage and margin in trading? How much money do I need to start trading? Is live trading different than demo trading? What’s the difference between a stop and a limit order? Where does the money I make in the market come from? Do I have to pay taxes on my trading gains? Section VI – Market Analysis Which type of market analysis is better? What is technical and fundamental analysis? What’s the best technical indicator? Why didn’t the market rise on the positive news? What is Support and Resistance? What is the difference between discretionary and system traders? What timeframe charts should I look at? What charting package and/or data feed should I use? Section VII - Trading Systems How can I create a good trading plan? How do you backtest a system? Where should I put my stop? Should I buy this system? Section VIII - Trader Psychology How important is psychology in trading success? How can I overcome my fear of pulling the trigger? Why can’t I follow my trading system? Why isn't everyone trading in the same direction? Section IX - Brokers What’s the best broker? How should I select a good broker? Is my broker trading against me? Is my broker running my stops? Section X – Trading Jobs & Careers How do I get a job trading? What types of trading jobs are there? What is a proprietary trading firm (prop shop)? What’s better, an MBA or a CFA? What kind of program should I do at school?

These are the questions answered in New Trader FAQs.

How long do you think it would take you to get good answers to these questions if you were hunting the web or searching through forum posts? Hours? Days? Weeks?

What's your time worth?

New Trader FAQs is designed to save you time with its easy to use e-book format

But it's not just about getting quick answers. It's about getting quality ones!

You can spend all that time digging around for information, but would you be able to trust it? How much of it would come from anonymous sources - potentially posters and bloggers who've never made a profitable trade in their life - or from someone specifically looking to sell you some trading product or service?

With New Trader FAQs you know exactly who's providing the information, starting with the author.

John Forman is the author/editor of New Trader FAQs. That means he’s the one who gathered up the questions, wrote answers to most of them himself, and enlisted the help of a high quality group of traders and market professionals to answer them as well. John is the author of the Amazon.com ‘Top Seller’ introductory trading book The Essentials of Trading (Wiley, 2006). That book came out of his experience teaching trading in the university classroom and helping to develop related coursework. Currently a Senior Forex Analyst for the IFR Markets group at Thomson Reuters, John has more than 20 years experience in the markets. As a professional analyst, in a number of positions going back to 1993, he has covered the interest rate, currency, and equity markets – even the energy market on a couple of occasions. His personal trading experience started with the stock market back in the late 1980s, and over the years has included just about every market an individual is likely to trade. Forman is a former Content Editor for Trade2Win active trader community, helped getting the BabyPips forex forum site off the ground, and is a regular advisor and contributor to the Currensee forex social trading network. He's published numerous article in trading magazines and has been a seminar speaker on several occasions.

Here's who John got to contribute to New Trader FAQs.

It is truly an impressive group of individuals. They have hundreds of years of combined market experience. Many of them have authored at least one book on trading, and some have written several. They represent all of the major markets from stocks to forex to commodities, including futures and options trading. Many of them are active bloggers. Several of them can be found on the seminar circuit. All of them are eager to share their knowledge with new and developing traders. There is also a contribution from an anonymous forex and futures broker who goes by the name Broker X (employer compliance restrictions prevent the use of his name, but his bio is included in the text), and eFinancialCareers has provided answers to the questions on trading careers and jobs. These are folks from all over the world, with a wide array of market experience. They have been brought together to present a diversity of perspectives to answer the questions. In other words... You know who's answering your questions and where they are coming from.

Ray Barros Trader, Fund Manager, Author, Blogger   Kat Devlon Private Investor, Educator, Blogger   Rob Hanna Professional Trader, Blogger, Author   Alan Oliver Trader, Author, Educator   Brent Penfold Trader, Author, Educator, Licensed Advisor   Corey Rosenbloom Trader, Blogger, Author   Smita Sadana Trader, Educator, Hedge Fund Consultant   Brett Steenbarger Institutional Trading Coach, Author, Blogger   Timothy Sykes Trader, Author, Blogger   Billy Williams Veteran Stock and Option Trader   Mark Wolfinger Trader, Former Market Maker, Blogger, Author

So the bottom line is that New Trader FAQs is great way to save yourself hours upon hours digging for information - time you could definitely put to better use. Not only that, but the book is a great source of information, advice, and wisdom from a group of folks who have walked the path you're on right now.

But don't take our word for it. Listen to what readers are saying.

I’m sitting reading your book and I just have to tell you that SO far it’s REALLY good. It’s invaluable really (and even after all this time spent there are things that are being made clearer to me simply by virtue of the fact that they’re being CLEARLY explained by people who KNOW what they’re talking about)!!! It’s ‘Gold’ for a new trader. - Dale P.

The segment on Value I think is very important. As a newbie wannabe trader, I spent COUNTLESS hours researching on the internet, going from one forum to another, newsletters, this and that. It’s a simple formula: Time X my hourly wage = Cost of the information. I wish I had this when I first decided to be a trader. At least I would be able to get past much of the noise. The FAQ is a great value because for what is probably less than the hourly wage of most middle class people, you save hours of researching to get the same or better answers. However, one should always keep his/her critical thinking skills in tact. There is no right or wrong, just what is suitable for oneself. Of course one must also be aware of ones own delusions. - Naoki S.

I must admit to finishing the book within a few days of receiving it – if only it were required reading for new traders. From my perspective, being involved one way or another with the markets for nearly 10 yrs, and working as an analyst a bank, I found it a great compendium of much of the basic need to know lessons that most new traders won’t learn for years – especially that if they are still in the game for that long they’ll realize it’s not a road to easy riches. - Aaron C.

As for your e-book, what a great idea! I especially like the fact that you bring in multiple points of view when answering the questions. And your team of contributors, what can be said about them but WOW. What an awesome assortment of industry traders and veterans! And like you’ve stated, you cover a vast array of topics – all the hot button items that first come to mind for a new trader. Good job. - Winston E.

"In John Forman's book, he has gathered a roundtable of expert traders, trading mentors, and reliable analysts with years of market experience. Once and for all, John gets the most pressing market questions (for both investors and traders) answered by these experts. Such a roundtable of experts with years of experience helps covers answers from every angle such that little if anything is left out. Each person, both the readers of this book and the expert contributors, has and will have different approaches to the market. However, if one focuses on the common threads between the answers given by each expert to the same question, you will find the common conclusions most traders eventually reach. What may be most interesting to experienced traders is noticing the differences in the answers given, and learning from the styles and experience of each of these experts. - Jeffrey L.

John Forman has again put together a great resource for new and seasoned traders alike. The format is simple and convenient – just browse topics that look appealing and jump right to the section. There are a wide variety of great topics on trading – from the very practical (What is the difference between stop and limit orders?) to the more theoretical (How can I overcome my fear of pulling the trigger?). It’s always interesting to hear multiple perspectives and that’s what John has provided. A variety of trading experts weigh in on each topic with something to learn for each response. A great resource! - Dave M.

Every trader needs a mentor. A sober third party that can provide input, advice, direction or just a different point of view. Trader FAQs gives you a dozen. John Forman has gained access to a group of successful traders whose combined 150+ years of trading experience are laid out in Q&A format to help make you a better trader. John has posed questions to the traders on various topics from getting started to trading education to building your trading system and picking a broker. All of the things you need to know to trade. - Fred E.

Value is the watch word for these trying times. We're all looking to get the most out of our money. We have to remember, though, that what costs us time also costs us money. Not just that, but everything we put our hard-earned money and/or time into must be of high quality.

That's the whole point of New Trader FAQs.

Quick access to high quality answers for your biggest trading questions

Don't waste another minute on a forum or searching Google!

Available for Immediate Download