Best Forex Trading Books That Every Trader Must Read
The best thing is that forex trading is not going anywhere, it's permanent. Therefore, you should not just jump into it but rather take your time to learn and master it before jumping straight to a real account. Reading Forex Trading books will provide you with an abundance of information and forex trading books are cheaper than trading classes and other educational materials that are sold. We have put together a list of the best Trading books, we have also added links to get them in case you might be interested in them. Make sure you have filled your mind with useful information by reading as many books as you can on forex trading as well as on investing.
1. The Forex trading course _ a self-study guide to becoming a successful currency trader
The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material.
Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different-size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more.
Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market.
Here is what you will find in this collection:
- THE PSYCHOLOGY OF TRADING: learn all the techniques to win the mental game of trading and how to face market volatility
- STOCK TRADING & STOCK TRADING STRATEGIES: master the basics of trading (stocks, exchanges, spreads, etc.) in the stock market to begin your trading journey with solid foundations
- FOREX TRADING FOR BEGINNERS: comprehend how options work and how you need to use them to win the highest possible number of trades
- SWING AND DAY TRADING WITH OPTIONS: fully understand the two main trading styles with options to become a complete trader that knows what to do in every situation
- OPTIONS TRADING STRATEGIES: all the basic strategies you need to know to maximize your return and limit the risk on your next trade
- ADVANCED TRADING STRATEGIES: learn the most advanced strategies used by the top 1% of traders that imply multiple technical indicators and trade management techniques: Buy Now $15
2. Forex Trading: The Basics Explained in Simple Terms by Jim Brown
As the title indicates, this book is oriented toward giving beginners the basics. The author is a self-taught forex trader who became intrigued by currency exchange and its profits at a private gathering for stock traders. The text stands out for Brown's clear, concise language that, without being condescending, never takes the reader's knowledge for granted. Some of the basics covered are:
- The definitions of forex and forex markets
- Strategies for entrances and exits
- Trading psychology
- The ins and outs of forex pairs
- Places to trade foreign currencies
- Tips for how to choose a broker
Brown also offers up his own trading strategy that a novice can use, or at least be inspired by, and use as a guideline for creating a personalized one.
This is a good book for beginners: Buy Now for $9.99
3. A Complete Guide To Volume Price Analysis: Read the book then read the market
You can be lucky too
I make no bones about the fact I believe I was lucky in starting my own trading journey using volume. To me it just made sense. The logic was inescapable. And for me, the most powerful reason is very simple. Volume is a rare commodity in trading - a leading indicator. The second and only other leading indicator is price. Everything else is lagged.
It's a simple problem
As traders, investors, or speculators, all we are trying to do is to forecast where the market is heading next. Is there any better way than to use the only two leading indicators we have at our disposal, namely volume and price?
In isolation, each tells us very little. After all, volume is just that, no more no less. A price is a price. However, combine these two forces together, and the result is a powerful analytical approach to forecasting market direction with confidence.
This book will teach you all you need to know from the first principles. So whether you're a day trader or a longer-term investor in any market, instrument, or timeframe, this book is the perfect platform to set you on the road to success and join those iconic traders of the past. All you need to succeed is a chart with volume and price...simple: Buy Now $12.65
4. Naked Forex: High-Probability Techniques for Trading Without Indicators
Forex traders rely on technical analysis books written for stock, futures, and options traders. However, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method. It's simply trading without technical indicators, and that is exactly what this book is about.
Traders who use standard technical indicators focus on the indicators. Traders using naked trading techniques focus on the price chart. Naked trading is a simple and superior way to trade and is suited to those traders looking to quickly achieve expertise with a trading method.
- Offers a more straightforward way for traders to make effective decisions using the price chart
- Based on coauthor Walter Peter's method of trading and managing money almost exclusively without indicators
- Coauthor Alexander Nekritin is the CEO and President of TradersChoiceFX, one of the largest Forex-introducing brokers in the world
Naked Forex teaches traders how to profit from the simple: Buy Now For $15.60
5. Day Trading and Swing Trading the Currency Market _ Technical and Fundamentaal Strategies to Profit from Market Moves
Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions.
You'll learn how the interbank currency markets work, and how to borrow strategy from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders, and gives you comprehensive explanations of strategies involving intermarket relationships, interest rate differentials, option volatilities, news events, and more.
This book is your complete guide to forex trading, equipping you to play with the big guys and win—on your own terms.
- Understand how the foreign currency markets work, and the forces that move them
- Analyze the market to profit from short-term swings using time-tested strategies
- Learn a variety of technical trades for navigating overbought or oversold markets
- Examine the unique characteristics of various currency pairs
Many of the world's most successful traders have made the bulk of their winnings in the currency market, and now it's your turn. Day Trading and Swing Trading the Currency Market is the must-have guide for all foreign exchange traders. Buy Now $15.40
6. A complete guide to the futures market_ technical analysis and trading systems, fundamental analysis, options, spreads , and trading principles
A Complete Guide to the Futures Market is a comprehensive resource for futures traders and analysts. Spanning everything from technical analysis, trading systems, and fundamental analysis to options, spreads, and practical trading principles, A Complete Guide is required reading for any trader or investor who wants to successfully navigate the futures market.
Clear, concise, and to the point, this fully revised and updated second edition provides a solid foundation in futures market basics, details key analysis and forecasting techniques, explores advanced trading concepts, and illustrates the practical application of these ideas with hundreds of market examples. A Complete Guide to the Futures Market:
Details different trading and analytical approaches, including chart analysis, technical indicators, trading systems, regression analysis, and fundamental market models.
Separates misleading market myths from reality.
Gives step-by-step instructions for developing and testing original trading ideas and systems.
Illustrates a wide range of option strategies, and explains the trading implications of each.
Details a wealth of practical trading guidelines and market insights from a recognized trading authority.
Trading futures without a firm grasp of this market’s realities and nuances is a recipe for losing money. A Complete Guide to the Futures Market offers serious traders and investors the tools to keep themselves on the right side of the ledger. Buy Now $19.99
7. Price Action Trading Secrets: Trading Strategies, Tools, and Techniques to Help You Become a Consistently Profitable Trader
Discover proven trading strategies, tools, and techniques to help you become a consistently profitable trader.
Price action trading is a method to read the “secret language” of the markets, so you can use it to better time your entries and exits—without relying on indicators, news, or signal services.
And in Price Action Trading Secrets, you’ll discover the trading strategies, tools, and techniques to help you beat the markets.
Here’s a glimpse of what you’ll learn:
- How to become a consistently profitable trader without relying on fundamentals news, trading indicators, or signal services
- The ten natural laws of trading that nobody tells you (this is why 95% of traders lose consistently)
- The four types of market structure every professional trader must know. Once you discover it, you’ll know exactly what “tricks” the market is up to—and how you can exploit it to your advantage
- How to tell when Support & Resistance is about to break—so you don't get caught on the wrong side of the move (which means you’ll reduce your losses and retain more profits)
- The secret to reading candlestick patterns that nobody tells you—so you can better time your entries & exits—and even “predict” market turning points
- MAEE Formula: A simple trading strategy to profit in bull & bear markets—without indicators
- An important signal the market gives out when it’s about to make a big move (95% of traders don’t know this)
- 70+ charts and examples so you can easily understand the trading strategies and concepts (and quickly become a master price action trader)
- And much more…
It doesn’t matter if you know nothing about price action trading because this book is written in a layman, step-by-step manner.
You’ll master the basics first, then gradually progress onto the advanced price action trading strategies and techniques—so you’ll be crystal clear every step of the way.
8. VOLUME PROFILE: The Insider's Guide to Trading
- How to work with Price Action
- Price Action strategies that you can immediately put to use
- How Volume Profile works • My favorite Volume Profile Strategies
- How to find your own trading style and what are the best trading instruments to trade
- How to manage to trade around macroeconomic news
- How to do your market analysis from A to Z
- How to manage your positions
- How to do proper money management • How to deal with trading psychology
- How to do a proper backtest and how to get started with trading your backtested strategies
- What are the most common trading mistakes and how to avoid them
- The exact ways and rules I apply to my own trading You will learn all this in a simple, poignant way along with many examples and pictures.
9. The Art of Currency Trading: A Professional's Guide to the Foreign Exchange Market (Wiley Trading)
While most currency trading and foreign exchange books focus on international finance theory or simplistic chart-based strategies, The Art of Currency Trading is a comprehensive guide that will teach you how to profitably trade currencies in the real world. Author Brent Donnelly has been a successful interbank FX trader for more than 20 years and in this book, he shares the specific strategies and tactics he has used to profit in the forex marketplace.
The book helps investors understand and master foreign exchange trading in order to achieve sustainable long-term financial success. The book builds in intensity and depth one topic at a time, starting with the basics and moving on to intermediate and then advanced setups and strategies. Whether you are new to currency trading or have years of experience, The Art of Currency Trading provides the information you need to learn to trade like an expert. This much-needed guide provides:
● an insider's view of what drives currency price movements;
● a clear explanation of how to combine macro fundamentals, technical analysis, behavioral finance, and diligent risk management to trade successfully;
● specific techniques and setups you can use to make money trading foreign exchange; and
● steps you can take to better understand yourself and improve your trading psychology and discipline.
Written for currency traders of all skill levels plus international stock and bond investors, corporate treasurers, commodity traders, and asset managers, The Art of Currency Trading offers a comprehensive guide to foreign exchange trading written by a noted expert in the field.
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