There are many forex trading books available and some are better than others. On this page you will find the best forex trading books to read in 2024
We asked our forex trading experts to recommend their best trading books and you can find out which ones they suggested in this guide. Each forex trading book is ranked and reviewed for the specific subjects they cover. Read on to find out the best forex trading books to read in 2024.
The 11 Best Forex Trading Books for 2024
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Currency Trading for Dummies Forex Trading: The Basics Explained in Simple Terms A Beginner’s Guide to Day Trading Online The Little Book of Currency Trading Technical Analysis of the Financial Markets The Art and Science of Technical Analysis The Candlestick Course The Visual Investor ICT Trading: The Secret Power of Three (PO3) The art of currency trading currency politics
Best forex trading books for beginners
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Currency Trading for Dummies
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Currency Trading for Dummies is one of the best forex trading books for beginners. Originally published in 2011, it has been updated in recent years by Brian Dolan and Kathleen Brooks, two forex experts from Forex.com. The book follows a similar style to many other ‘for dummies’ publications and is an easy read for anyone new to the FX space.
The beginner-friendly forex book covers everything from the basics of currency trading to advanced trading strategies and provides a well-rounded understanding of how the forex market works. His practical tips and advice make venturing into the world of forex a smooth experience.
Forex Trading: The Basics Explained in Simple Terms
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As the name suggests, Forex Trading: The Basics Explained in Simple Terms breaks down some of the complexities of forex trading in a simple and easy to understand way. The book’s author, Jim Brown, explains how to trade the forex market in a language that beginners can understand.
Forex Trading: The Basics Explained in Simple Terms covers all the basics of forex. You will learn about currency pairs, how to analyze market trends and manage risk. There are also many practical tips and strategies that can be implemented immediately.
A Beginner’s Guide to Day Trading Online
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A Beginner’s Guide to Day Trading Online is a top rated forex trading book for beginners who want to learn how to trade. Written by Toni Turner, the book is a comprehensive guide that explains the essentials of day trading in a concise manner.
It contains much of the same information as our list’s other beginner-friendly forex books. However, there are many practical examples and case studies that make the book an excellent choice for anyone who wants to learn how to master lower time frame analysis.
The little book of currency trading
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The Little Book of Currency Trading by Kathy Lien is an excellent resource for beginners who want to learn the basics of forex trading. The book is an Amazon best seller with hundreds of positive reviews and is written by a veteran in the retail forex space.
As you read The Little Book of Currency Trading, you will learn how the currency market works, which pairs are the best to trade, and discover effective trading strategies that can be implemented in your own trading.
Best forex trading books for technical analysis and charts
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Technical Analysis of the Financial Markets
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There are many books on technical analysis, and Technical Analysis of the Financial Markets by John J. Murphy is one of the best. It is a comprehensive guide to technical analysis and covers a wide variety of topics, from charting patterns to indicators and even trading psychology.
The book details technical analysis and what tools and techniques to use for the best results. There are dozens of practical explanations for applying TA to the forex market, and you will learn how to interpret market trends to identify trading opportunities.
The Art and Science of Technical Analysis
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One of the top rated forex trading books and a valuable addition to any trader’s library is The Art and Science of Technical Analysis. The book, written by Adam Grimes, goes beyond technical analysis and offers a deeper understanding of market behavior.
You will be provided with a framework for analyzing price movements, market trends, and how to use indicators to help. There are many techniques for developing effective trading strategies and tips for managing psychology that can influence your trading decisions.
The Candlestick Course
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Steve Nison’s The Candlestick Course is probably one of the best books on Japanese Candlesticks and is especially good for traders interested in price action trading. The book is a comprehensive guide to Japanese Candlestick chart techniques, which are tools for analyzing price movements and market trends.
In the book, you will learn how to read and interpret candlestick charts and identify specific patterns that can help analyze price movements. There is also information on advanced techniques, such as trading multiple timeframes and using candlestick signals to confirm trends and reversals.
The visual investor
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Another book by John J. Murphy features on our best forex books for technical analysis list, this time, The Visual Investor. Many traders highly recommend the book; it covers various topics including technical analysis, chart patterns and indicators.
One of the book’s best features is its use of visual aids to explain complex technical concepts. There are many chart diagrams that help readers visualize market trends and patterns, making it easier to identify trading opportunities.
ICT Commerce: The Secret Power of Three (PO3)
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ICT Trading: The Secret Power Of Three (PO3) Concept Used By The Inner Circle Traders And The Banks is a book about the trading strategies used by Micheal Huddleston, a well-known forex trading mentor who is also known by the Inner Circle Trader, or ICT for short.
The book is written by James Davis, a student of ICT and focuses on the PO3 (power of three) concept, which is a technical analysis approach that Huddleston uses in his own trading. The book clearly explains how the strategy works and can be implemented in your daily routine.
Best forex trading books for everyone
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The art of currency trading
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Brett Donnelly is a well-known trader with decades of experience, and his book, The Art of Currency Trading, is a must-have for any aspiring forex trader. The book covers a wide variety of topics, making it a great choice for traders of all levels.
It provides a comprehensive guide to forex trading with technical and fundamental analysis covered. There are even sections on psychology and risk management in addition to Donnelly’s own trading experiences and insights.
Currency politics
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Currency Politics is not a trade book per se, but it is an excellent read for anyone interested in understanding how currencies affect the global economy. The book offers valuable insights that can be applied to your trading strategies.
Currency politics examines the historical and political factors that have influenced the development of international monetary systems. Frieden explains how currencies play a role in international trade and finance and examines how exchange rates affect economic growth.
What type of forex trading book should I buy?
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The type of forex trading book you should buy depends on your goals and your experience level. If you are a new trader, then the books we have listed as the best for beginners are your best options. If you are already experienced and want to brush up your skills, then the best forex trading books for technical analysis may be the best.
Are forex trading books worth it?
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Yes, you can learn a lot by reading forex trading books. Many of the best forex trading books are written by traders who have years of trading experience behind them. Reading top-rated forex trading books, like the ones we’ve reviewed on this page, can greatly speed up your learning and put you on the right path to profitability.
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