As a beginner trader in the world of Forex, you want to make sure you can say you did all you could to make sure you were going to be successful. Part of what that looked like for me was reading as much as I could about Forex because I like to be able to go back to that book and find what I’m looking for when I feel like I’m stuck and need some extra guidance. I have always loved getting books about what I’m researching at the time, whether that's self help books, diets, recipes, books about my special needs daughter, etc. So, I have gone to bat for all the books lovers out there that are interested in looking into some quality Forex books that will help further your knowledge about trading! The first book I recommend checking into is called:
Day Trading and Summer Trading The Currency Market: Technical and Fundamental Strategies to Profit from Market Moves By Kathy Lien
What I have enjoyed about this book is how the reader has the potential to gain a very broad knowledge and understanding of the markets and will be able to start implementing many trading ideas with a Forex demo account after reading this informal book.
Forex Trading: The Basics Explained By Jim Brown
In this book, Jim is able to clearly explain in detail all you need to know about Forex trading in such a way, it’s hard not to let it stick. Jim runs through the most crucial pieces of Forex trading including entry/exit strategies, money management and the intriguing psychology behind trading. At the end of the book, Jim provides a basic trading system you can use as your own, or you can pull from it, build on to it and fit it to something more of your style.
Currency Trading For Dummies By Kathleen Brooks and Brian Dolan
This book will help you master economic data and how it will directly impact and effect your Forex trading. Currency Trading For Dummies will help you to navigate the fundamental aspect of the Forex market with a breeze! This is a great book for beginners because of all the basic Forex knowledge they provide you with.
Debt Management And Elimination Simplified The Easy No-Nonsense Approach To Personal Financial Freedom By Shawn Lucas and Fred Vander Werff
This book is so inspiring because the authors really give you that curiosity of what it could be like to take your finances under control and be able to manage your finances. They explain how high the consumer debt rate is in the United States and what you can do to make sure this never happens to you and your family! They give you the basic tools and guidelines you need in order to gather an understanding of the market and what it will take to achieve your own financial freedom.
Savings And Money Management: Practical Principles For Financial Self-Reliance By Shawn Lucas and Fred Vander Werff
This book is great to have in your paperback trading collection because it talks about the all time low running through the United States communities savings overall, and how you can gain the basic tools and first hand knowledge to make sure this doesn’t happen to you and your loved ones. The authors give you great information on how to get started trading Forex and what to expect with this change in your life and motivates you by telling you that you are taking control over your finances.
I hope this list has helped some of you consider adding some trading books to your growing knowledge about the Forex world because in reality, we will always be growing and changing the way we learn and trade. The market will never stay consistent, and us being in the trading community, need to learn to adapt with the market and commit to constantly challenging our knowledge and gaining more as we go. I encourage you to check some of these amazing trading reads out!