Are you considering to begin doing forex trades? If so, you need to find sources to learn the essentials you need to know before getting into the trades. Of course, books are one of the most useful tools when it comes to learning new skills. There many books that can help your start in forex as well.
Some forex books are focused on giving you tips for better trading strategies, some books give you the fundamental information you need while you are starting forex. So, they can be quite useful for preparing before making any investment and avoiding losses.
If you are looking for books to learn about forex, you may notice that there are many options to choose from. Of course, not all these books are equal. To help you find books that will help you as much as possible, we gathered some of our picks. Down here, you can see some of the best beginner books for forex trading.
Jump to the books below;
- Day Trading and Swing Trading the Currency Market
- How to Make a Living Trading Foreign Exchange
- Japanese Candlestick Charting Techniques
- Currency Trading For Dummies
- Currency Forecasting
Day Trading and Swing Trading the Currency Market
Managing Partner of BKForex.com, Kathy Lien’s forex book “Day Trading and Swing Trading the Currency Market” is a source for people who wants more details and technical information.The book feature guides with detailed steps which you can follow in your own pace.
How to Make a Living Trading Foreign Exchange
Courtney Smith’s forex book “How to Make a Living Trading Foreign Exchange” explains how forex works and how you can do currency trades with a clean language. But the main focus of the book is achieving a stable income through forex trading, high enough to depend on it as the only income source. It features multiple strategies that you can use for this goal.
Japanese Candlestick Charting Techniques
Steve Nison’s forex book “Japanese Candlestick Charting Techniques” focuses on the widely used cart style in the forex world, Japanese candlestick charts. The book will teach you how to read and understand these charts. Moreover, you will see the ways of effectively using these charts with different techniques. After finishing this book, if you want to read more from this author, there are follow-up books for more advanced topics as well.
Currency Trading For Dummies
Co-written by the research director at Forex.com Kathleen Brooks the chief currency strategist at Forex.com Brian Dolan, “Currency Trading For Dummies” is complete guide for forex beginners. The book is a member of famous For Dummies book series. So its language is plain, and it explains everthing for you.
Michael Rosenberg’s forex book “Currency Forecasting: A Guide to Fundamental and Technical Models of Exchange Rate Determination” features guides for making a technical analysis of financial movements. The book teaches making forex trades based on economic factors. Although a bit old as it was first published in 1995. and these days it is kind of expensive to get a copy, this is one of the most well-regarded books in the forex world. Many of the top traders and analysts probably used this book in their careers.