Top 10 Best Forex Trading Books For Beginners
Over the years technological advancements such as computers and the internet have made the world a much smaller place than ever before. One of the consequences of this shrinking of the entire globe is the international Forex market as we know it today.
However, Forex trading is a very serious activity that requires skill as well as knowledge if you want to be successful in it. To help you with that, we have compiled a list of the best Forex trading books that are suitable for beginners.
If you’re looking for a guide that will help you implement the best trading habits then How to Start a Trading Business with $500 by Heiken Ashi is one of the best books you can get out there.
This book can be very helpful for those traders who are just starting but face the problem of raising capital.
How to Start a Trading Business with $500 takes you through a step by step process that will help you begin your journey as an online trader with as little as $500 in your pockets.
Other than that this book is also rich with information on various topics such as Hedge Fund trading, social trading, and how to communicate with other traders properly as well as how to be a highly disciplined and professional trader.
The author of this book got down and dirty with his own money for the sake of research for this book which is why it is famously called the Roulette Trader Money Management.
The reason for that name has an interesting story. The author once lost $2,000 in Russian Roulette in a Las Vegas Casino. This experience helped the author come up with a system that he believed could be used to increase profits while having the least amount of drawdowns.
After perfecting this system, the author went back to Las Vegas and managed to win $500 from a $20 investment within an hour!
The book talks about the same tactic and how your profit can be 4 times higher with a drawdown of only one-third of it and win the market just like how a pro gambler wins the casino.
Those who are new to the concept of Foreign exchange trading can count on this book to help them lead the way as this book breaks down the entire Forex trading process into smaller terms that are easier to understand.
The author of this book has managed to dissect Forex trading and present it in a highly easy to understand language so that no one can get intimidated by the complex nature of the entire trading process.
On top of that, this book has been able to include all the real-life situations a trader faces daily so that readers can learn from them as well.
This book is considered to be one of the most helpful Forex books that follow day trading strategies and trends of stocks and Forex.
This book is revered among readers because it clearly outlines the Entry and Exit rules as well as their respective concepts, how to make the most of the Small Itra-day trends as well as how to trade successfully with what you have rather than wasting your money on proprietary or highly expensive indicators.
Considered to be one of the best Forex trading books for beginners, through it, the author talks about numerous trading strategies that can be used to make a steady income from trading.
Other important concepts such as risk management as well as the psychology behind trading have also been discussed in this book in great detail.
The author has gone in-depth about the minute details of Forex trading in such a way that it keeps the book interesting as well as informative.
Every trader these days is using the famous candlestick charting technique and this is the Forex book that takes all the credit for it.
The author goes into detail about candlestick charting and how it can be used for several things such as hedging, speculating, equities, and many more. Anyone who wants to sharpen their strategies about trading should consider investing in this book.
This book also happens to have several follow-ups which were titled The Candlestick Course, Beyond Candlesticks: New Japanese Charting Techniques Revealed, and a few more.
The author of this book is a world-famous currency analyst and the MD of BK Asset Management. In her book, Kathy Lien talks about the fundamentals of Forex trading strategies that can help you maximize your profits.
In her books, the author takes the reader through a well-explained journey that helps them understand and come to terms with the various technical aspects of Forex trading,
The frequent Bloomberg and CNBC guest also talks about the various analyzing tools and techniques that professional traders use daily so that you can implement them in your trades.
The author of this book has dedicated years of his life in perfecting his knowledge about the entire Forex market. The success stories featured in this book go a long way in educating as well as inspiring potential traders.
The book has been written in such a way that it will appeal to those who are starting fresh as traders but are struggling to get their feet off the ground.
This book can also help you come up with a sound strategy that can help you tackle the Forex market as well as keep your momentum steady.
This is perhaps one of the best Forex books on this list. In this book, the author not only teaches you the ways of predicting the market but attempts to predict the future of the entire financial market in the long run.
James Richards, the author minces no words and even takes the greed of the average financiers as a factor in his predictions.
This book aims at helping the reader bust the various myths that surround the entire trading world. It also explains a variety of things such as how currencies and bonds work, how the global market works, and some other important trading concepts.
This book is invaluable for beginners as it helps them clear misconceptions about the whole Forex trading process and helps them understand the key concepts of trading.
So there you have it, the top 10 best forex trading books for beginners. We hope that all of these will help make your trading experience a rich one.