Top 5 Best Forex Trading Books

forex

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

Top 3 Forex Books

currencies trading around globe dollar yen euro

As anyone who has traded currencies knows, the Forex market is one of the most dynamic investment arenas. The volume is massive, the pace of the action is around the clock and mistakes are costly. Staying abreast current events is a must but it’s no substitute for deep understanding of market fundamentals. Whether you are a novice trader or a seasoned pro, these three books will help you sharpen your skills and widen your strategy arsenal.

Day Trading the Currency Market

By Kathy Lien.

great book on trading currenciesAn extremely popular book written by one of the most prominent currency analysts of recent times. Kathy Lien’s impressive resumé alone is reason enough to buy this book. As a former Associate at JPMorgan Chase and the current Chief Currency Strategist at Forex Capital Markets – the number one online currency broker in the world, she is often featured on CBS MarketWatch, Active Trader, Bloomberg, Reuters and CNBC. The author lays out an excellent foundation by providing both the historical background, and a current overview of the Forex market. She goes on to expertly guide the reader through topics such as:

  • The factors that impact currency prices in both the long- and short-term
  • Understanding trade parameters depending on market conditions
  • The most important technical trading strategies used by day traders and swing traders
  • Fundamental trading strategies such as trading off commodity prices, fixed income instruments, and options volatility, and many others.

This is well-rounded book that will give you both a in-depth understanding of currency trading as well as a wide range of powerful trading techniques.

 

The Complete Guide to Currency Trading & Investing: How to Earn High Rates of Return Safely and Take Control of Your Investments


By Jamaine Burrell.

guide book on trading forexIf you are ready the get started in currency trading, and you are looking for a real practical guide, this book is for you. The author synthesis the world of Forex into an easy to follow guide that will benefit anyone starting out. He starts by explaining the relationships between the four main variables (currencies, exchange rate, interest rate and time) that are so crucial to identifying money-making opportunities. Building on this base, he goes on to teach the reader about price projection, futures predicting, pivot programs and many other techniques used by professional day traders.

Forex Patterns & Probabilities

By Ed Ponsi

currency trading bookMr. Ponsi offers a book for those who feel they have sufficient theoretical foundation and are ready to dive into some serious trading action. No general concepts here, just proven, real-world methods for making money in online currency trading. The author relies heavily on charts and visual tools to clearly demonstrate the trade techniques used by the pros to generate big gains. If you have been looking for a step-by-step manual that will get you trading and making money fast, this is it.

 

blue screen with Forex market diagram

Thanks to technology, Forex trading has become incredibly convenient. Anyone can open an online trading account with as little as a $100. However, this ease of access can be deceptive: making money in currency trading is not easy. It requires a solid understanding of what moves the market as well a good grasp of trading techniques. These three books offer plenty of material on both ends.

Best 5 Forex Trading Books

forex sign big letters

The exploding popularity of online Forex trading has been mirrored by a vast amount of books on the subject being published every year. Picking the best is not an easy task and certainly other books could have made this list. However in the selection below you will find powerful knowledge by some of the top experts in the business that will help you improve as a trader.

Also here are list of free quality forex ebooks to download now.

 

Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets

By Ashraf Laïdi

great book on currency tradingFew people understand the currency market as the author of this book. As the head strategist at one of the world’s leading Forex brokers, Mr. Laïdi offers the reader his analysis of the forces behind currency prices as well as their interplay with interest rates, equities, and commodities. There is no better source to help you understand:

  • The reasons behind currency, gold, oil, and other commodity prices and interest rate movements
  • The relationship between short- and long-term interest rates and how it can be used to anticipate turning points in economic growth
  • The evolving power struggle between the Dollar and the Euro
  • A gold-based approach to valuing the major currencies and determining their secular strengths and weaknesses over the past decades

This book will give you a solid grasp of these principles and many others that will put you in a better position to make winning trades.

 

ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street

By Raghee Horner

excellent Forex trading book Raghee Horner is a self-taught expert who started started trading at the tender age of 17. Since then she has become a legend in the business and developed a her own technical Forex trading method which she shares with you in this book. Strongly focused on technical analysis and charting techniques, the book will show you how to replicate Horner’s strategy that has enabled her to achieve typical per-trade return of 34%! There is simply no one better to teach you technical currency trading.

 

 

 

3 free great forex ebook to download now

  1. Download now your free ebook about binary options
  2. Download NOW your free guide on the trendy copy trading techniques
  3. Free to download – The guide to teach you how to trade like a pro

 

Beat the Forex Dealer: An insider’s look into trading today’s foreign exchange market

By Agustin Silvani

book on beating  forexThis is a hard-hitting book that dispels the myth of making easy money in the Forex market. The author doesn’t mince his words as he quickly points out all the reasons why you shouldn’t be trading in currencies. The market’s 90% loss rate being number one on the list. He goes on to unveil the myriad of “dirty” practices used by online brokers to rob clients of profits including stop-hunting, price shading, and trading against clients. It becomes clear that the average investor is playing a card game with the deck stacked firmly against him. In this book Mr. Silvani will teach you how to sidestep the dealer traps and implement winning strategies.

 

Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups

By John F. Carter

book on trading like a proAt 432 pages this book is a lofty read but it is also one that is well worth the time. In it, veteran trader John Carter shares his unique five-point technique developed over twenty years of experimentation as a day trader. The author sets aside general, introductory material and focuses instead on teaching the reader his battle tested methods for:

  • Determining the exact entry, exit, and stop loss levels for trades
  • Preparing market checklist to analyze recent market behaviour and calculate what to do, how to do it, and why
  • Using non-negotiable risk control techniques that protect trading capital and much more.

This is a result-oriented book that will provide you with the specific trading strategies, including the necessary chart setups, to execute winning trades consistently.

 

Thirty Days of FOREX Trading: Trades, Tactics, and Techniques

By Raghee Horner

book on forex tradingAnother excellent book by Raghee Horner. This time she takes the reader along for a 30 day journey as she gives us an unprecedented access into her actual trading routine. Structured like a journal, each chapter takes readers through each step of Mrs. Horner’s workday. Certainly an entertaining and effective way to learn as one “looks over the shoulder” of a master at her craft. There is also an enclosed CD-ROM featuring detailed explanation of the trades in the book by the author.

dollar vs euro on a scale

Trading currencies is not for the faint of heart. In a market where over 90% of participants lose money, it takes a preparation, hard work and mental discipline to become one of the successful few. The techniques and tools provided in these books will help you beat the market.