Any seasoned and good forex trader would tell you that the best source of information or guidance in forex trading is forex books. If you are looking to get into forex trading or are already in it but feel you do much better enlightened, you should find the best and most useful books on the subject. In my opinion, the best 5 books that should be on your must-read list are:
The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell
Wayne McDonell is the Chief Currency Coach at FX Bootcamp. He compiled this guide to be the most straightforward and beneficial manual for people who want to execute profitable trades by combining the popular technical indicators with a tactical trading plan to formulate a killer market strategy. This book goes in detail to explain the processes to follow and the challenges you should expect to face and how to deal with them. Trust me; this is a book you need to read to become a smart millionaire.
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
The title summarizes it best – this is a comprehensive guide that has turned thousands of gambling traders into experts in analyzing financial markets using the latest computing technologies and apply their knowledge in stock and futures markets. This book trains you to use indicators, computer technology, technical tools and new materials like candlestick charts and stock rotation to be the best in forex trading.
Millionaire Traders by Kathy Lien & Boris Schlossberg
This winning collaboration by renowned forex book writer Lien and Schlossberg has been described as a handy guide to beating Wall Street at its own game – and transforming yourself into a very successful trader. The insights that the book provides are uniquely new, the book provides invaluable practical advice on focusing on equities, it examines the paths that 12 ordinary individuals who turned to millionaires took and best of all, it has great information on the future of forex and foreign exchange in face of emerging e-currencies.
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
Seasoned forex traders refer to this book as the bible of trading because it is applicable not only to forex trading but in other markets as well. If you haven’t decided where or how to specialize yet, this is the perfect book to start with because it will train you from the onset to trade in confidence, have a winning attitude and discover and get rid of the underlying factors holding you back. Douglas also takes on the myths and fallacies of the forex market and exposes each of the misconceptions that often pass as facts.
Getting Started in Forex Trading Strategies by Michael D. Archer
The most recommended books for first time entrants into the forex trading platform ‘Getting started in forex trading strategies’ is Michael’s most popular and most recommended book to newbies. It is popular because it is laden with practical advice, resources, tips and real life testimonials on forex trading that are crucial to mastering and staying in the trading game. Michael writes from experience as he has 30+ years’ experience in active commodity and forex trading, you cannot go wrong with his guide.
Jason Stapleton does a lot of informative videos about forex