Want to take your trading game to the next level but not sure where to start? One of the most effective ways to deepen your understanding of the forex market is by delving into the wealth of knowledge found in forex books.
The world of forex trading can be complex and challenging, especially for beginners. With so much information available online, it can be overwhelming to figure out what resources are truly beneficial. This is where forex books come in handy – offering valuable insights, strategies, and techniques compiled by seasoned traders and experts in the field.
Whether you are a novice looking to build a strong foundation or an experienced trader aiming to refine your skills, the right forex book can serve as a powerful tool in your journey towards success. The best forex books cover a wide range of topics to cater to traders of all levels. Let's explore some of the top forex books that should be on every trader's reading list.
Quicklook: Best Forex Books for Traders
- Best for Beginner Forex Traders: Currency Trading for Dummies
- Best for Career Traders: How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life
- Best for Advice and Forex Principles: Adventures of a Currency Trader: A Fable about Trading, Courage and Doing the Right Thing
- Best for Day and Swing Traders: Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves
- Best for a High Level Overview of the Forex Market: A Three-Dimensional Approach to Forex Trading
Best Forex Books for Currency Traders
Learning how the forex market works and the ins and outs of currency trading is crucial to building the right foundation to become a successful forex trader. Here are our top reading suggestions to learn to trade forex. .
1. Currency Trading for Dummies
"Currency Trading for Dummies" was updated in 2015 and is a great starting place for a beginning forex investor.
The book’s simple language makes the forex market accessible to the layperson. The book's 2 authors offer extensive trading experience. Author Kathleen Brooks serves as a research director at FOREX.com and provides commentary for CNBC, Bloomberg and the BBC.
Co-author Brian Dolan brings 18 years of experience in the forex market to the guide.
The "For Dummies" series is designed to explain complicated topics in understandable language for the layperson. The text is easy to read and broken down into lists, bullets
This book offers some discussion of technical analysis that can also help beginner and entry-level investors.
2. How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life
"How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life" is part of the Wiley Trading series, published in 2010. The author, Courtney Smith, chairs the Investment Mentoring Institute, devoted to investor education.
Smith is also the chief investment officer of a money management firm. The title makes some lofty promises but the contents of the book deliver solid information. The book includes a thorough overview of the forex market and a ton of trading strategies, including a system of looking at the forex market from a day-to-week market perspective.
Strategies aside, the underpinnings of the book include risk management, discipline
3. "Adventures of a Currency Trader: A Fable about Trading, Courage and Doing the Right Thing:
"Adventures of a Currency Trader" is also a Wiley publication from 2007. This unique book is by Rob Booker, a favorite Houston-based trader who hosts live Facebook events and free webinars for traders.
It’s a solid pick for any level — beginners to experienced traders. The book delivers forex advice and principles, but it isn’t a how-to book. Instead, it's a fable told through the eyes of a fictional character named Harry Banes.
The quick read is as entertaining as it is informative. If you're looking for forex reading that isn’t technical or a how-to manual, this is a great pick.
4. "Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves"
Author Kathy Lien began her financial career on Wall Street immediately after graduating from New York University. She has served as an expert source for "The Wall Street Journal, "Market Watch" and "The Associated Press."
"Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves" is written for a beginner to an intermediate audience and offers readers executable strategies for entering the forex market. She also provides a companion website with videos on trading.
This book offers:
- An explanation of how the forex market works
- A how-to plan to profit from short-term swings
- Time-tested strategies for making a profit
- Skills to navigate overbought or oversold markets
- An examination of currency pairs
5. "A Three-Dimensional Approach to Forex Trading"
"A Three-Dimensional Approach to Forex Trading" is a self-published behemoth of a book — 416 pages.
This forex book was written and published by Anna Coulling. Coulling began publishing and teaching about forex after trading and investing for 17 years. She is a former teacher so she can explain complex financial markets in a clear and understandable way.
This book is written for beginner investors who need a high overview of the forex market as well as more advanced traders who are looking for information on what makes the forex market tick. Couling’s book promises to help readers understand how and why the forex markets move.
The book goes on to explain how trends in the primary markets — stocks, bonds, and commodities — play out in the forex world. While this book offers meaningful insight, it doesn't provide specific trading strategies.
Learn to Trade with a Forex Mentor
The Asia Forex Mentor Course is a comprehensive training program designed to educate you on the ins and outs of forex trading. Led by experienced forex trader Ezekiel Chew, the course covers topics such as technical analysis, fundamental analysis, risk management, and trading psychology.
Participants will learn how to analyze the forex market, develop trading strategies and effectively manage their trades to achieve consistent profitability. The course aims to provide both beginner and intermediate traders with the knowledge and skills needed to navigate the forex market successfully.
Learn to Forex Trade with the Best Books
No matter what, never stop learning. Whether you are new to trading or an advanced forex trader, knowledge is power. If
Frequently Asked Questions
What are the best forex books for novices?
“Currency Trading for Dummies,” “Adventures of a Currency Trader” and “A Three Dimensional Approach to Forex Trading.”
Can you learn forex by reading books?
Reading book about forex trading can help you gain a deeper understanding of this complex financial market.
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About Luke Jacobi
Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. With a keen understanding of the financial industry and a commitment to driving innovation, Luke continues to make significant contributions to Benzinga’s mission of providing high-quality financial news and analysis.