Recommended Forex Books
Recommended Forex Books
If you’re new to Forex trading or looking to enhance your knowledge, reading books can be a valuable resource. However, with the abundance of Forex and trading books available today, finding the ones that truly help can be challenging. Luckily, we’ve compiled a list of recommended Forex books that have benefited numerous traders, including myself. Save your time and dive into these books for valuable insights.
1. “Getting Started in Currency Trading” by Michael Archer and Jim Bickford: This book covers Forex trading from the basics to advanced topics, explaining concepts in a beginner-friendly language. It’s an excellent choice for those starting out, providing comprehensive knowledge to begin trading profitably.
2. “Trade Your Way to Financial Freedom” by Van K. Tharp: Authored by a renowned trading psychologist and coach, this book addresses the psychological and emotional aspects of currency trading, including position sizing and system development. It’s an easy-to-read book packed with valuable information.
3. “Encyclopedia of Chart Patterns” by Thomas Bulkowski: This book serves as an encyclopedia of chart patterns, a crucial aspect of technical analysis and building trading strategies. It offers descriptions, statistics, recommendations, and examples of various chart patterns.
4. “Beat the Forex Dealer” by Agustin Silvani: While not suitable for complete beginners, this book is recommended for readers who have acquired basic trading knowledge and practical experience. It helps in developing a real Forex trading strategy and navigating the world of currency trading effectively.
5. “The Disciplined Trader” by Mark Douglas: Discipline is a vital virtue for profitable Forex trading, yet it’s often a challenge for traders. This book explores the importance of discipline, its impact on trading results, and techniques to cultivate discipline without psychological strain.
Remember, it’s never too late to learn. After reading these recommended Forex books, continue your learning journey by exploring more resources and expanding your knowledge. This list serves as a helpful reference for newbie traders embarking on their first trading book.
