I would be right to say that books are the best source of information to gain knowledge on a specific field, no matter how easy it is to find it on the internet. If you are learning to secure your life through Forex trading and are looking for information, tips, advice and tricks from a professional, I wouldn’t recommend you read blogs and websites by self-proclaimed internet billionaires with tons of affiliate links on the home page; Buy a nice highly reviewed or recommended book and get first hand unadulterated information and knowledge you need to make a difference in life. In my opinion, the best 5 currency trading books you should start with are:
7 Winning Strategies for Trading Forex by Grace Cheng
Grace Cheng is a full-time forex trader with advanced knowledge in fundamental, technical and sentimental analysis and the creator of the PowerFX Trading Course. The author of this book, as you can see, is a success story in forex and this book is considered an ideal guide book in improving your trading skills. The book focuses on teaching you how to come up with winning trading strategies, how to minimize risks and when and when not to trade.
New Concepts in Technical Trading Systems by J. Welles Wilder Jr
This book is perfect for traders who already understand all the basics about forex. However, even beginners can find it useful because it is well illustrated and teaches 6 different definitive and truly unique technical trading systems which is more than an average trader knows. Wilder says that no serious trader should assume there will be consistent profits in both non-directional congestion and strongly directional markets, you should therefore master trading in any situation.
Day Trading & Swing Trading the Currency Market by Kathy Lien
This book was written by the director of Currency Research of GFT and FX360.com and in it she presents a wide variety of basic and technical profitable strategies in forex trading that you will find very useful and simple to learn. It is one of the most recommended forex trading books largely because it describes everything important in forex trading and covers important elements like interest rates differentials, inter-market relationships, news events, option volatility and intervention by central banks.
Trade Your Way to Financial Freedom by Van K. Tharp
This book focuses on making you make money, do not be surprised then when it is such an easy read that doesn’t go so deep in detail. However, Van K. Tharp is a renowned and celebrated bestseller and he wrote this book mainly to address the concerns of a modern market environment. The book features charts and updated examples, it helps you look into yourself and put aside personal biases that affects your trades and generally makes you a better trader.
The 10 Essentials of Forex Trading by Jared F. Martinez
The 10 essentials of forex trading, rules for turning trading patterns into profit was written almost a decade ago (in 2007) but I assure you that this book is worth buying especially if you are a novice in forex trading. It is a very interesting read and most forex traders find that it has knowledge passed down from experienced traders and penned by one of the most proficient currency traders of the last decade.