The most expensive book ever sold was Codex Leicester by Leonardo Da Vinci, bought by Bill Gates for $30.8 million. Regardless of what tools technology might provide us, the value of a good book can never be overstated. And, when you try your hand at forex trading, what better way could there be to learn the tricks of the trade and gain invaluable insights into the market than by reading some of the best books written on this topic?
Forex trading strategies explained by seasoned forex traders and mentors can help you hone your trading skills and ensure a long-lasting career in forex. So, with this in mind, here are 10 books not to miss.
Barbara Rockefeller is one of the pioneers of technical analysis and a veteran in forex exchange. This book is an absolute classic providing insights into unique formulae and key indicators in forex trading. In this book you will learn:
This is very useful book for traders who have just started out in forex trading and require guidance beyond what a trading platform or the internet can provide. This book helps in understanding the very basics of forex trading. The author has explained the essential concepts and principles in simple language. Examples related to daily workings and trading systems make for better practical understanding of the market. This book also gives insight into strategies for entry, exit and money management, as well as trading psychology.
This book targets beginners to intermediate traders in forex trading, who are still facing difficulty in making the most of forex trading. It is equipped with strategies to deal with complex situations as well. It covers 3 main aspects of forex trading:
In this book, Courtney Smith outlines the forex market and how to trade. The book provides details of trading strategies, including six key ways that traders can earn a stable income. This book also includes risk management strategies to help with the psychological characteristics of forex trading and rejects strategies aiming to double the gains made from a basic channel breakout system.
This is a great book for day trading strategies for derivatives, ETFs and forex. This book provides insight into:
This is an easy-to-understand book, explaining the workings of the forex market and how traders can benefit from it. It offers simple steps and explains the scope, size, players and other economic factors that influence the value of currencies. It also provides guidance about interpreting data and events in a direct way. The book also focuses on:
Steve Nison is known for providing a Western insight into Japanese candlestick charting. This book explains candlestick charts in a general manner, making it suitable for both beginners and experienced traders. It’s a perfect choice for learning how to identify which candlesticks to use for optimum entries and exits in forex trading. Traders with knowledge of candlestick patterns generally have an edge over those who don’t making this a must-read for aspiring forex traders.
This book is more of an approach rather than a trading system. It contains a set of ideas around the key sections that enhance the chances of better results in forex trading. It provides a good foundation for forex traders, which is very essential.
This book is a guide for beginners, providing a roadmap to develop a trading strategy, along with tips to optimise earnings. It focuses on the best forex trading strategies for lower risk and higher profits. This book provide insight into:
This book focuses on the importance of fundamental analysis in forex trading. It also highlights various aspects of forex trading, such as:
Forex trading books provide a strong foundation, which can help traders develop effective forex trading strategies. A better understanding of the market and how it works can lead to informed decision making which is essential in the forex world.