Best Forex books for beginners

To become a forex trader is quite a complicated task, especially if you are a beginner in this sphere. Most of the beginning traders start their research on this topic from reading information from different websites. Such approach isn’t bad, but it isn’t able to give the full picture of what you should do step by step to become a successful trader. There are many articles that repeat the same data not giving anything new. It is better to use data from the trading websites as an additional source of information. The main source of information for the beginners in forex trading is in the books. There are many great books about forex trading written by highly experienced traders. This article aims to present the best forex trading books for beginners.

The list of the best forex books for beginners includes a great work with a name “Currency Trading for Dummies” created by K. Brooks and B. Dolan. This book is the first on the list not because it is the finest book about forex trading, but because it includes the basics presented in a simple and understandable form. In other words, it is a great choice for people who know next to nothing about trading but have a great desire to find out, to learn to trade. Reading this book, you will get to know the major things about technical analysis. You will learn the simplest trading strategies and understand how they work. Apart from this, you will find out the most important data about the markets and how they work. Basically, you won’t get a lot of details about Forex trading, but you will understand this sphere in general, which is very useful when you are a newbie.

book brooks and dolan
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Name:
Currency Trading for Dummies
Book Size:
384 Pages
ISBN-13:
978-1118989807
Publisher:
For Dummies; 3 edition (February 17, 2015)
Language:
English US

One more book on the list of the best forex trading books for beginners is written by J. Brown. It has a name “Forex Trading: The Basics Explained in Simple Terms.” The author created a great book for newbies. It has quite a simple language, which eases the understanding of many complicated terms and processes. Reading this book, you will get the basic data on Forex trading that will help you make wise decisions while trading. The author is concentrated mostly on how to enter the trading, how to survive when trading, how to manage money, and many other useful things. Apart from this, he pays great attention to psychology in trading. Simply speaking, the book teaches people to stay calm and make wise moves. The last thing that this book gives is a fundamental trading system. It can’t become your main method to generate profit, but it can be your basis to build your future trading strategies.

jim brown (author)
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Name:
Forex Trading: The Basics Explained in Simple Terms
Book Size:
72 Pages
ISBN-13:
978-1533170613
Publisher:
CreateSpace Independent Publishing Platform (May 19, 2016)
Language:
English US

The third book on the list of the best forex books for beginners has a name “Thirty days of Forex Trading.” The author of this great book is R. Horner. It is not for people who have no idea what forex markets are. This book is for people who know at least some general data about trading. Simply speaking, it is next step of education of forex trading. The author wants to give people some practical advice on how to trade profitably. It is possible to call this book a practical instruction of trading and journal of trading. R. Horner names every tool and strategy that she uses for trading. Apart from this, she explains her move in a simple language. The author wrote thirty chapters, which describe thirty days of trading. It is a great opportunity to see and understand how the successful trader works.

book is R. Horner
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Name:
Thirty Days of Forex Trading: Trades, Tactics, and Techniques
Book Size:
264 Pages
ISBN-13:
978-0471934417
Publisher:
Wiley; First Edition, First Printing edition (August 11, 2006)
Language:
English US

“Day Trading the Currency Market” is the fourth book on the list of the best forex trading books for beginners. It is created by an excellent analyst of the trading K. Lien. It is a special book because it describes not only peculiarities of a technical approach to trading, but also fundamental approach. Simply speaking, traders who build their strategies on both approaches find this work very beneficial. This book includes a lot of information on Forex markets and helps to start your first trading moves.

trading klien
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Name:
Day Trading the Currency Market
Book Size:
256 Pages
ISBN-13:
978-0471717539
Publisher:
Wiley (December 2, 2005)
Language:
English US

The last book on the list that also very advantageous for every trader has a name “Trading in the Zone.” The author of this work is M. Douglas. It isn’t written particularly about forex trading, but it is also one of the best forex books for beginners because it prepares newbie traders for the various situations they will have to deal with when trading. Many people, even having a good knowledge of trading strategies, can’t trade successfully. This happens because they make many mistakes related to psychological behavior. This work teaches people the basics of psychology trading.

mark douglas (author)
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Name:
Trading in the Zone
Book Size:
240 Pages
ISBN-13:
978-0735201446
Publisher:
Prentice Hall Press; Later Printing Used edition (April 1, 2000)
Language:
English US

There are many other very useful works about trading. Remember just one rule: it is not enough to read one book to become a good trader.

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