Five Must-Read Forex Books for Beginners

Knowledge of Forex is vast, and no one can ever know everything about Foreign Exchange. Even people who have traded for several decades find it hard to deal with at times. So for a beginner, it becomes even harder to grasp the ropes of this world. Therefore, they mostly rely on Forex books as their first guidance to walk into the market with a better stance. Therefore if you are a novice trader here is list a of the top 5 best Forex trading books for beginners.

1. A Three-Dimensional Approach for Forex Trading

One of the best books on Forex trading for beginners, The Three-Dimensional Approach for Forex Trading, was authored and published by Anna Couling. After an experience of 17 years in trading and investing, Anna started to teach and publish about Forex. She is a former teacher who is competent in explaining complex financial markets in a simple, understandable, and quick grasping manner. This book is written with beginner investors in mind, especially the once that require a high overview of the Forex market and top forex robots.

2. Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit From Market Moves

This book was authored by Kathy Lien who began her financial career on Wall Street right after graduating from New York University. She has since then served as an expert source for the Wall Street Journal, Market Watch, and the Associated Press.

The book Day Trading and Swing Trading the Currency Market is well-written and specifically intended for a beginner to an intermediate trading audience that offers readers executable strategies for entering the Forex market. Some of the major offerings that you can expect from the book include time-tested strategies for making a profit, how to plan on profiting from short-term swings, an explanation on how the Forex market works, skills to navigate overbought or oversold markets, and an examination of currency pairs.

3. Currency Trading for Dummies

The book Currency Trading for dummies was authored by two people. Both of these authors have massive investing experience. One of the authors is Kathleen brooks who served as the research director at forex.com and provides commentary for CNBC, BBC, and Bloomberg. She has been a part of the financial markets since 2003. While her Co-author Brian Dolan has bagged 18 years of experience in the Forex market that he brings to the book.

The series of books that fall under “For Dummies” is specifically created to explain complicated topics in a simple and understandable language or layman’s language for beginners. Most importantly Currency Trading for Dummies houses some quality discussions on technical analysis that can help entry-level investors and traders.

4. How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life

This book he is part of the Wiley Trading series published in 2010 and was authored by Courtney Smith. How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life chairs the Investment Mentoring Institute which is dedicated to investor education. The author Courtney Smith is the Chief Investment Officer of a money management firm.

The title of this book which is ideal for beginners as well as seasoned traders makes some hefty promises and the contents of the book deliver solid information. The constituents of the book include both a thorough overview of the Forex market and a huge amount of trading strategies including a system of looking at the Forex market from days two weeks market perspective.

5. Adventures of a Currency Trader: A Fable about Trading, Courage and Doing the Right Thing

Adventures of a Currency Trader is another Wiley publication from 2007. The book is written by Rob Booker is a favourite Houston-based trader who widely known for his live Facebook events and free webinars for investors.

This book is not only for beginners but also for experienced traders alike. What it delivers is Forex advice and principles but do remember this is not a how-to book. Instead, it’s a fable told through the eyes of a fictional character named Harry Banes. This kind of approach only makes this book informative while entertaining readers. If you are someone who does not like reading technicalities and how-to manuals then this book is your ideal choice.

These are some best Forex books ideal for traders just starting off. You can give all of them a read to get a hold of different perspectives and learn how different strategies have been implemented by different people. This will give you all the ideas to start without much monetary loss or interruptions due to lack of knowledge. And lastly, never stop learning.