We all know that there is no room for slacking in forex. You have to be on top of your game all the time and your knowledge is your best tool for success. It doesn’t matter if you are a complete beginner or a veteran trader, learning something new can only benefit you and that is why we put this list together. According to Business Insider, when Warren Buffet ( one of the most successful investors of all time) started his investing career, he would read 750 or even 1, 000 pages of a book a day. He still spends about 80% of his day reading.
If you want to become successful investor, here are some book suggestions:
Table of Contents
1. How to Day Trade for a Living by Andrew Aziz ($10.53)
When learning about something it usually helps if you have some visual examples that can help you understand the whole situation a bit better. How to Day Trade for a Living for a living does just that. The author, Andrew Aziz, did a great job outlining day trading with some real trades as examples. On top of that, the book also talks about money management, discipline and much more. When you think about a step-by-step guide for day trading, it probably can’t get better than this.
2. Forex Trading for Beginners by Finance Illustrated (FREE)
The title of this book stays true to the contents. This Forex PDF (available online for free) covers everything a trading beginner should know. Learn TOP 3 Forex strategies, how to read charts, how to recognize the best times for trading currencies online and more.
Forex for Beginners is a very simple but also very educative piece of learning material. It does a great job of explaining every important aspect of trading while keeping the reader entertained and engaged. If you are a complete beginner at trading, look no further because this e-book will get you started in no time!
3. Currency Trading For Dummies by Brian Dolan ($10.60)
This one has become a classic from the For Dummies brand. It is a user-friendly introduction into the FOREX world with all the details you, as a beginner may need. The book has some expert advice on trading as well, so you can expect a bit more than a simple beginner’s guide.
4. Naked Forex by Walter Peters ($46.35)
If you aren’t familiar with the term “naked trading” we don’t blame you because this was done before traders started using calculators and computers. There was no technical analysis, no price predictions… just naked trading based on the price chart. If you don’t like to overcomplicate things, but still want to be a trader, this is a book for you.
5. Technical Analysis of the Financial Markets John Murphy ($32.19)
Opposed to naked trading, TA seems to be a lot more reliable for most traders that want to keep things tight and disciplined. There is no consensus about technical analysis though. Different traders use different methods with more or less success but one thing is certain – technical analysis works and you should probably know a thing or two about it. This book is probably the best starting point for that.
6. Trading in the Zone by Mark Douglas ($38.39)
Trading is considered a science by most but there is a lot more to it than just looking at the numbers and placing orders. Discipline and self-control are very important in trading. Even the best traders had bad days because they acted on emotion and made a few bad calls because of that. This book will help you avoid those situations and teach you the true realities of risk.
7. The Art of Currency Trading by Brent Donnelly ($33.43)
Brent Donnelly packed 20 years of professional trading in this book. In his own words, he did that because there was some information that every other book lacked and he wanted to bridge the knowledge gap. You can say with confidence that he did a good job at that as well. The book is very informative and touches on a lot of important subjects related to currency trading. It’s always good to take advice from an expert and this book is your chance to do just that.
And there you have it – our top 7 picks to feed your curiosity and expand your knowledge. We hope you will enjoy reading these great titles as much as we did! Always remember – Knowledge is power and you should expand yours whenever you can.
About Carson Derrow
