I want to learn the basics

Hi Folks,

Can you please guide me to a name of a good book talks about the basics of trading.

For example, I do not know what Open , Close, Low, High, oversold, overbought means in the trade world.

I want to know the motivation behind these names, I wish if I can read the right book which can put me in the picture.

I do not want to trade blindly, I do not mind if the book is not talking about forex in specific, but what I care about is the concept itself.

I am from engineering background and I have decided to delve into the trading word.

Thanks Allot

You can try the e-Book Forex Trading Machine by Avi Frister. Its an interesting book for beginners. You may find out further detail at www.forexboost.com
Hope this help.

well,its good idea to see to get to know all these...before that i want you to tell you no single book can give you all what you need.

more over....you will not learn unless you are involved in it ...that is you should start investing in equity market...(not futrues and options)...say very small amount...and know how things going on.

dummy trading tactics don't give you right mind to think.

i suggest you two websites where you can find almost everything ...to the need of your requirement..

1) http://www.investopedia.com/

2) http://stockcharts.com/index.html

always remember ...don't get excited or dishearted for winning or losing...keep trading with very small amount.

learning for mistakes is the only way which is going to make you better.

enjoy investing....

suba

thank you for your replies and valuable time for me. Your all recommendations help me a lot.

Thanks!