The Best Forex Books Right Here
In the internet age, it is not difficult to find sources to learn forex, especially sources on the basics of forex trading.
But if you are like us and love the feel and smell of a paper book, then you will surely find this site useful. We have compiled lists of forex books and general trading books that we personally have read and enjoyed as well as a few other books that other traders have found extremely useful.
We have arranged the forex books in 5 categories up there - Forex Books for Beginners, Real Trader Stories, Trading Psychology Books, Trading Styles & Strategies, and Other Forex Books.
Below you can find the Top 10 Forex Books we have picked.
| This forex book is an excellent resource for the trader who has moved beyond the basics. The book gives a good idea of what needs to be done at specific points in time. It doesn't just give you the tools to trade but also teaches you the right psychological attitude to forex trading. Clear cut money management and trading techniques to be applied in the forex brokers market are included in the book. The strategy it teaches allows one to have work and still manage in the space of a half hour a day to do one’s analyses and place orders. | |
| A truly amusing and yet eye-opening forex book that teaches both the forex newbie and the experienced forex trader some hard won truths about the currency market. Highly recommended. | |
| An amazing forex book. The author assumes that the reader knows the basics, so the book is definitely not for forex newbies. The book reveals in a clear-cut fashion how the Forex dealers can use certain strategies against the forex trader. This forex book exposes how the best forex broker establishment can take advantage of clueless traders and will make you be more cautious, and less gullible in your forex trading. | |
| This book is by now world famous. The books encompasses most areas of trading – basics, charts, psychology, etc. It’s not exactly a forex book, but the principles in teaches are universal and it can help you in your forex trading. Soviet-born author and practicing psychiatrist Elder (director of Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle of understanding the three Ms (Mind, Method, Money), which will strengthen the discipline required to be successful in trading. He explores crucial factors in the markets that most experts overlook, including time, volume, and open interest, and describes little-known indicators to track them profitably. | |
| A best-selling book thathas become somewhat of a classic. Interviews with 17 great money-makers including Richard Dennis, Paul Tudor Jones, Marty Schwartz, Ed Seykota, Tom Baldwin and others. | |
| Mark Douglas’ more popular book. The author, who is a trader, personal trading coach, and industry consultant since 1982, sends the message that "thinking strategy" will profoundly influence a trader’s success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market regardless of whether they trade with Saxo Bank or Oanda. It uncovers the true culprit for lack of consistently positive results when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset. The book mentions the stock market all along but the ideas and concepts it teaches can applied to forex trading. | |
| The book is an excellent reference resource on technical analysis (TA). Clear, to-the-point descriptions on many technical indicators across all types - price patterns, candlesticks, trend analysis, oscillators, and so on and so forth. The author through his book provides enough information that you might not see the necessity for another book on technical analysis. | |
| This book is a great autobiographical account of a man bought a seat on the American Stock Exchange where he began trading stocks, options and futures. He made some $600,000 the first year, and became a millionaire the following year. Growing richer and richer, at some point he decided to start managing other people’s money – a very unhealthy decision. His life became more stressful and soon he developed heart inflammation. His doctors asked him to make some changed in his life, so he moved together with his family to Florida. The book is highly recommendable, especially if you believe that becoming a consistently profitable forex trader will solve all your problems. | |
| A trading book as old as Methuselah but containing a lot of distilled market wisdom. The books is a thinly disguised biography of Jesse Livermore, a remarkable trader who first started speculating in New England bucket shops at the turn of the century. Livermore was soon banned from these shady operations because of his winning ways and moved to Wall Street where he made and lost his fortune several times over. Not a nice way to live your life if you like security, but anyway what makes this book so valuable are the observations that the author (Edwin Lefèvre) records about investing, speculating, and the nature of the market itself. | |
| The book delves into the workings of a new field called Neuroeconomics. An interesting find is, for example, that we humans believe we're smart enough to forecast the future even when we have been explicitly told that it is unpredictable. Among the book's fun facts: the MRI brain scan of a cocaine addict is virtually identical to that of someone who thinks he is about to make money. The book reveals the deficiencies of our decision making processes and how we sometimes inadvertently do things that are against our own best interests. |
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