5 Best Books for Forex Trading

Forex Trading

Are you in search of a book about forex trading and in search of some recommendations? If yes, then you have landed in a tight place. So, without any delay, let’s dive into the article.

Currency Trading for Dummies by Brian Dolan

If you are a beginner, then this book can help you greatly in learning forex trading. This book has easy-to-read and clear instructions related to forex markets and currency trading. In addition, the experts who want to revise the basics of forex trading can also go for this book. It is also worth mentioning here that financial media used this best book recommendations regularly as a source. Currency Trading was originally published back in 2011. But the updated version of this book was co-written by Forex.com’s former chief currency strategist named Brian Dolan. Moreover, Kathleen Brooks is Forex.com’s director of research.

How did Kathy Lien explain Day Trading and Swing Trading in the Currency Market?

The writer of this book is Kathy Lien, who is a famous currency analyst, guest on CNBC, Bloomberg, and Reuter’s programs, and BK Asset Management’s managing director. The third edition of this book has been launched now, and it comprises theory along with actionable learning. In addition, it also has details regarding the technical and fundamental strategies of forex trading that can aid you in generating profits. The writer also includes the long and short-term factors that can influence the currency pairs.

Japanese Candlestick Charting Techniques by Steve Nison

Steve Nison provides insights into the tool that is broadly used in the western world. By reading this book, you can get detailed information regarding candlestick charting. It is pertinent to mention that this app is utilized for speculating futures, equities, hedging, and multiple other things slinked with the technical analysis. 

Courtney Smith Explains How to Make a Living Trading Foreign Exchange

Courtney Smith starts this book with an introduction to the forex world. After that, he digs deeper and explains about the market working. The 2010 edition of this book focuses on money-making. It consists of six strategies that can lend a helping hand in making you understand how to earn income by trading. Furthermore, the writer also mentioned the risk management techniques and some information regarding the psychology of trading. The unique rejection rule of Smith has been included in this book as well; that is a strategy that can help you in doubling your profit.

Forex Trading by Jim Brown

Jin Brown covers the basics of Forex Trading in this book, so it is favorable for beginners. It is worth mentioning that this book has definitions regarding forex and forex markets. Moreover, it has strategies for exits and entrances. 

In addition, it also covers the important topic named trading psychology. Whether you are a beginner or expert, it is essential to know about forex pairs, so this book has details about them too. Lastly, you can also get information about the places where you can trade foreign currencies and has tips about how to choose a forex broker as well.

Final Thoughts

To sum up the article, we would like to say that if you are planning to dive into forex trading or you are an experienced broker; you should develop a habit of reading books. We are hopeful that the suggestions mentioned in this article would prove helpful. Furthermore, if you are in search of a broker then do consider going for trade 245.

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Ahsan Ali