This is the list of 25 best Forex trading books you can use to improve your trading results. The intention of this article was to bring you best trading books in order to simplify searching books for learning and finding a trading strategy.
Forex trading appears to have massive challenges before you begin. There are several terms, strategies, thoughts, and approaches that you need to understand before venturing into the business.
The most successful traders began somewhere and that determines how successful they become.
Whether you are an expert, intermediate, or beginner, you need to read Forex books for more knowledge about the business. There are thousands of books you can read but below are the 25 best Forex trading books with Amazon links.
- 1 Forex for Beginners by Anna Coulling
- 2 Trading for a Living by Dr. Alexander Elder
- 3 Forex Trading by Jim Brown
- 4 Technical and Fundamental Strategies to Profit from Market Moves by Kathy Lien
- 5 Naked Forex by Alex Nekritin
- 6 Adventures of Currency Trader by Rob Booker
- 7 Day Trading and Swing Trading the Currency Market by Kathy Lien
- 8 How to Make a Living Trading Foreign Exchange by Courtney Smith
- 9 Currency Trading for Dummies by Brian Dolan, Mark Galant
- 10 A Guide to Fundamental and Technical Models of Exchange Rate Determination by Michael Rosenberg
- 11 Technical Analysis of the Financial Markets by John J. Murphy
- 12 Trading in the Zone by Mark Douglas
- 13 The Alchemy of Finance by George Soros
- 14 How to Start a Trading Business with $500 by Heiken Ashi Trader
- 15 The Disciplined Trader by Mark Douglas
- 16 The Death of Money by James Richard
- 17 Japanese Candlestick Charting Techniques by Steve Nison
- 18 The Black Book of Forex Trading by Paul Langer
- 19 Market Wizards by Jack D. Schwager
- 20 Option Volatility and Pricing by Sheldon Natenberg
- 21 Forex Trading Money Management System by Don Guy
- 22 Using Basic Analysis & Fundamental Trading Methods to Make the Most of your Profits by Dave Matias
- 23 50 Pips a Day Forex Strategy by Laurentiu Damir
- 24 Foreign Exchange Option Pricing: A Practitioner’s Guide by Lain J. Clark
- 25 A Three-Dimensional Approach to Forex Trading by Anna Coulling
- 26 Final Thoughts: Learning About Forex Trading
When beginning Forex trading, it is important to understand how to use your knowledge well. This sounds weird but it is true, the way you apply knowledge determines how successful you become.
After all, it is a total waste to be taught if you can’t apply knowledge.
This Forex trading book focuses on how to apply forex knowledge, the dangers of forex trading, and all how to estimate risks before beginning your trading.
At the end of your reading, most forex questions will have been tackled and you are free to proceed.
Trading for a living is a trading book split into three M’s:
- mind and
- method for easy understanding
Dr. Alexander explains these three M’s in a way that at the end of the book all your questions concerning Forex are tackled.
After reading the book, you will also learn how to:
- discover the best deals using your computer
- be a serene day trader and
- make a profit from the audience in the industry
To make sure you fully benefit, the Forex trading book contains 200 multiple choice questions to sharpen your skills. The questions are accompanied by answers at the end of the book to see how best you have understood the concepts.
Generally, according to Elder, you need a working system to make a profit and that is what he focuses on in this book.
Jim Brown who is the author of one of the best Forex trading book is a full-time Forex trader. For individuals who are interested in beginning Forex trading but not sure where to begin, this is the best selling novel for them.
There is a lot of information out there about Forex, some which are true and some which are false. It is important to get information from an expert who is already in the market.
Beginners benefit the most from the book, but anybody engaging in Forex can read it. Jim’s amazing strategies are explained in this book.
Kathy Lie, who is the author of this book, is a leading Forex provider across the globe and she focuses on how to apply executable trading strategies for:
- intermediate and
She describes her work through videos.
If you are a beginner, this is the best trading book worth reading. The book is divided into four parts for easy understanding.
The four parts are:
- Skills on how to navigate the market
- Profit-making strategies
- Comprehensive explanation about the Forex market
- Examination of profit pairs
As the name suggests, initially before technology came into place, traders used to engage in nude Forex.
There were no analysis books like the ones present now. Naked Forex follows the trend and explains Forex trading without signs.
Forex trading requires no signs and that is what this trading book focuses on.
Forex is appropriate for traders who use smooth procedures in their business. This leading Forex trading book explains the best approaches to help you make wise decisions all the time using cost graphs.
Adventures of Currency Trader was released in 2007 and has remained strong in the market till date, more than 12 years now.
Rob Booker uses a unique approach by introducing Harry Banes as a fictional character. The writer uses the success story of Harry Banes to explain various approaches and strategies.
If you want the best Forex trading book that is entertaining and informative this is a perfect choice. It is ideal for both beginners, intermediates, and experts.
The main fact that Rob tries to put across is that Forex and profits are real.
Kathy Lien, who is the author of the Forex book, is a BK Asset managing director, world-renowned currency analyst, and regular guest on CNBC, Reuter’s programs, and Bloomberg.
In this novel, she unites technical learning and theory with specialized strategies. These strategies are designed to help traders make normal profits.
Lien learned through a step by step process how to apply Forex principles like the short and long term aspects that impact currency pairing.
The book covers all technical trading strategies that are employed daily by professional Forex traders.
It is easy to get motivated by reading success stories.
Maybe once in a while, you have read stories about successful Forex traders. This is one of those books with guides on how others have made a living while trading currency.
Courtney Smith, in this novel, explains how to comprehend different languages in the market. He also explains six approaches on how to make a regular income through trading currency.
It is also a good choice for beginners in Forex trading.
Do not be put off by the name. Yes, it may sound respectful but a dummy is anyone who is learning.
When you accept to learn, that is the first step to success. Dummies’ novels are the best when it comes to the matter they focus on.
This publication, for example, on Forex is a perfect solution for all those interested in the currency market. It breaks down the best currencies we have so far and how to go about them. The book also contains techniques and tips on projects and making profits from your exchanges.
For beginners or individuals looking for in-depth refresher information, this is best trading book. The concepts are explained in simple terms for quick understanding.
A currency’s exchange rate is affected by several factors like:
- economic development
- health risk
- political climate and more
Therefore, a currency’s exchange rate cannot determine an asset’s cost within the Forex market but can decide the money’s values around the world.
This book focuses on how most of these underlying factors affect money’s in various countries.
By understanding all this, it is easy to unite graph patterns, trading indicators, and technical analysis to become profitable.
For beginners who still don’t understand how the factors affect the Forex market, this is the best trading book.
John J. Murphy, who is the former manager of Merrill Lynch founded this book in 1998 and it is now regarded as the bible for all traders.
It covers all you need to know abou:
- technical analysis
- fundamental trading theories and
- complex indicators
In the book, you will find over 400 graphs to help you understand all technical evaluations and relate them to actual trading. It is divided into segments to help you practice whatever you learn in every part of that book.
This makes it the best trading book for all traders regardless of your level.
Psychology plays part in the success of currency traders and this is what Mark Douglas focuses on in his book “Trading in the Zone”.
He explains how to develop psychological attributes that later help in predicting the rise and fall in prices of currencies. It is a top Forex trading book since it explains how you can control your emotional reactions in trading.
Most of the techniques explained in this book are not meant to replace your strategies. Use these techniques to execute your strategies effectively to avoid losses.
This is an ideal book for all levels.
George Soros, in The Alchemy of Finance, introduces the concept of reflexivity in his approach to Forex trading.
The concept explains how principles can be affected by costs. Many claims that this concept can contradict the standards of the economic notion but Soros goes ahead to explain how he has benefited in the market using the concept.
This trading book was first released in 1989 and it is still standing strong in the market because of its unique approach. It interprets the mindset of the most successful traders in the market.
New traders face a challenge on how they should increase their money and in this book, the author explains how, to begin with, limited funds and later become a full-time trader.
Within this novel, the writer clarifies step by step how a trading company with limited funds can apply risk management skills.
This trading book also gives general tips on how to become a successful trader in the Forex market.
It is a good choice for new traders or those interested in joining.
For novices, The Disciplined Trader is a fantastic Forex trading book.
Mark Douglas, the author of the book, uses his own experience to explain how wrong choices almost cost him a fortune. He goes ahead to explain that it is possible to lose everything you have worked hard for by making a single wrong choice.
Through his experience, he explains how you can self-examine in every step you make.
At the end of the book, you will have learned how to examine yourself before making any decisions.
He also explains how traders with limited information on technical analysis can still make great psychological management and financial decisions.
James Richard, the author, is a golden speculator and an American attorney who focuses majorly on the dollar and how it has impacted the Forex market.
In this publication, he explains that the dollar is a centerpiece in the world market today because of its functionality.
James also explains how the 2008 Global Financial Crisis still haunts the United States economy. He also believes that Gold is the only “real money”.
At the end of this book, you will understand the financial situation around the world and the fundamentals of financial fundamentals.
Steve Nison, who is the author of the publication, is not an ordinary trader and he is regarded as the father of candlestick charting. In this book, he explains how candlestick charting can be combined with stock, hedging, future, and speculation information.
At the end of the book, you will have the ability to use technical evaluations on your Forex trading.
This is a special book and should not be treated like ordinary books.
If you are only interested in basic analysis, then you will have problems reading this book. But if you are already in the business and you want to learn more about technical evaluations, then this book is perfect for you.
In every market, several things are happening behind the scene that propels the market. Successful traders know how to handle whatever is happening behind the scenes without affecting the entire business.
Paul Langer in this book teaches you how the macroeconomics piece of force may highlight the technical analysis and global monetary dynamics.
So, regardless of the method you choose, this book will make your trading life simpler.
It is an ideal trading book for all levels.
Jack D. Schwager’s Market Wizard is an anthology that covers an interview with top Forex traders from all over the world. It discloses what distinguishes the top traders from the rest of the traders and the stories behind their major coups in the industry.
From the stories in this book, you will learn that success is not by chance but rather depends on your mental attitude and the trading strategy that you employ.
Jack makes it clear that good trading strategies and an ideal mental attitude lead to success.
Option Volatility and Pricing is one of the most-read trading books across the globe. Since its publication, the book has been upgraded once to capture the latest trends and developments in trading strategies.
Sheldon explains how you can get the essential fundamental trading strategies.
Sheldon Natenberg is a professional who draws his expertise to examine common concepts and their connection with trading options. The book also reviews an array of trading strategies that make it the best for all levels.
In this book, you will learn about a simple concept that focuses on how to reverse Forex market motion to optimize profits using a simplified system. Don explains how the currency management system works and how the marketplace functions without a machine.
The system he explains is called Roulette Trader Money Management and he once applied it in a casino where he reduced $2000 in Las Vegas where he was playing Russian roulette.
The system was created to help crush financial markets like professional gamblers. Automation of the system is possible and it can as well be used manually.
Fundamental analysis is an important driver when it comes to the smooth flow of the Forex market. In this Forex book, Dave gives unique technical comprehension and wisdom on how FX flows.
To simply explain the concept, the writer bases fundamental analysis on the already existing Forex market motions.
The Forex market is volatile and very sensitive hence the need for fundamental investigations.
This publication highlights the following aspects
- How micro and macro occasions influence market space
- Market flows and significant trading concepts
- Capital and trade stream concerning the Forex market space
- Bonds and currencies
Damir, in this book, gives a concrete strategy on how a new trader can make up to 50 pips a day. It introduces the reader to currency trading, money management skills, and instructions on how to develop appropriate trading approaches.
The trading book benefits novices the most but intermediate traders can also benefit. After reading the book, the learner will be more profitable than before, according to the author.
He however emphasizes the appropriate application of all the skills explained.
This novel contains all the important information a quantitative analyst or Forex trader should have, functioning in a hedge fund or bank. It covers the in-depth policy of execution, calibration, pricing, and the theoretical math aspect.
This book is designed with real-life experience and inputs from traders. Still, in the same book, the author introduces the commonly asked products in the Forex market.
Clark also explains the numerical methods used in calibration. It is an ideal book for all levels.
For novice traders who have a great desire in the industry and advanced traders looking for more information on how to be successful in the marketplace this is the best trading book for them.
Anna explicitly explains why and how the Forex market place runs. It covers both basic and technical aspects of the business.
The publication highlights the importance of tendencies and how they affect bonds, stock, and commodities. Although the publication provides useful insights, it does not explain specific Forex trading plans.
Final Thoughts: Learning About Forex Trading
Yes, Forex trading has serious dangers but many traders worldwide have turned it into a full-time earning business. After studying any of the above books, you will never be the same.
Every book has unique approaches when it comes to business and since we are all different, how we interpret the approaches and strategies matter.
For motivation purposes, it is important to read the success stories of those who have made it in the industry. Some books discussed above these stories. The market is already flooded, striving to distinguish yours from the mass.