Even for experienced investors with a lot of hands-on expertise, the field of forex trading may be overwhelming. However, the area of forex trading is well-covered in many books, ranging from fundamental introductions to the foreign exchange market to advanced methods based on fundamental and technical analysis.
We will look at some of the notable forex trading books on amazon, who they are best for, and why.
Chart-topper Forex Trading Books on Amazon
FOREX TRADING: The Basics Explained in Simple Terms by Jim Brown
This book helps teach newcomers the fundamentals. The author, a self-taught forex trader, became interested in currency trading and its profits during a private stock trading group. Brown’s straightforward, concise language never assumes that the reader already knows what he is saying without being patronizing.
The following are some of the fundamentals that he handles in this book:
- What are forex and the foreign exchange markets?
- Approaches to entering and leaving forex trading
- Trading psychology
- The basics of trading currency pairings
- The best places to trade in foreign currencies
- Few pointers on how to pick a broker
Brown provides his trading strategies, which anyone, even a complete newbie, can use as a starting point to develop their own.
This book is for individuals who are just contemplating Forex trading but are unsure of where to start. It is an excellent introductory book to read to get a basic comprehension of the subject. As a bonus, the author, Jim Brown, makes one of his trading systems and the indicators available to his readers at no additional charge.Buy now here
Currency Trading for Dummies by Brian Dolan
Dolan gives all the information and guidance you need to jump right into trading action. By studying this book, you’ll gain a basic understanding of how the forex market works and how various factors affect the value of multiple currencies. Also, you’ll discover the newest currency trading innovations, such as exchange-traded funds (ETFs), currency options, and cryptocurrencies.
Currency Trading For Dummies covers everything you need to know about currency trading, from the basics to advanced strategies. Below is an outline of the areas covered:
- Finding the most profitable trading opportunities by sourcing data and market insights and applying technical analysis.
- Become familiar with the most recent SEC rules and regulations for currency trading
- Evade the mistakes that currency traders make, whether novices or experts.
- Identify the profitable opportunities with ETFs, cryptocurrencies, and currency options.
Technical Analysis of the Financial Markets by John J. Murphy
Since its publication, this remarkable reference has already educated tens of thousands of traders about technical analysis concepts and how to apply them in the futures and capital markets. The 2nd edition incorporates recent breakthroughs in computer technology, indicators, and technical tools. It includes new content on candlestick charting, stock, Intermarket relationships, stock rotation, and examples and figures that are up to date with the times.
Readers will gain a complete and understandable overview of technical analysis, emphasizing futures markets. Topics covered include reading charts, comprehending indicators, and the critical role of technical analysis in investing. This revised and expanded book meets the requirements of today’s world of finance and is ideal for anybody interested in following and understanding market behavior.Buy now here
Day Trading QuickStart Guide: The Simplified Beginner’s Guide to Winning Trade Plans, Conquering the Markets, and Becoming a Successful Day Trader by Toy Noonan
A common misconception about productive day traders is that they are mathematics experts, reckless risk-takers, or compulsively gambling types. The Day Trading QuickStart Guide debunks this myth. You’ll learn the exact skills required to achieve successful results while maintaining your risk to a bare minimum by employing the strategies and techniques detailed in these chapters.
Taking into consideration the availability of low-cost trading platforms, the opportunity to trade from virtually anywhere at any time, as well as the quality education you’ll receive from Day Trading QuickStart Guide, this is the best time to study day trading.
Learn how to day trade as a hobby or to supplement your current earnings with the knowledge you gain from reading this book; getting started with day trading requires less capital than you would think.
The following is an overview of areas covered in the Day Trading QuickStart Guide:
- Futures trading agreements, their operation, and how to enhance their efficiency in the derivatives market.
- Day trading and using options contracts to shield against risk
- The trading mechanics of the foreign exchange market
The Day Trading QuickStart Guide is incredibly best for complete beginners. Individuals who have tried stock trading and failed can also benefit from studying this book. Last, people who want to earn fully while only giving part-time initiative will also do well by having this book.Buy now here
MT4/MT5 High Probability Forex Trading Method by Jim Brown
Jim’s FOREX books are always # 1 on Amazon. Jim shares his bespoke indicators for MT4 MetaTrader at the end of the book, which readers may download as a PDF file at no hidden fees. Whenever these indicators are available, everybody who owns them will also get the MT5 version.
Every week, he makes a video about his trades and reveals the outcomes. Jim has tested his High Probability Trading Method on a demo account and in actual trading. You choose the time frame but he prefers 4hr or daily charts because they are his preferred time frames.
As this strategy relies on Jim’s indicators designed for MT4, you’ll need to at least get a free MT4 demo version to complete your trade analysis and then trade on your selected broker’s platform. Jim concentrates on Forex trading. However, you can use this strategy to trade bitcoin, commodities, individual equities, oil, gold, and stock indices. Many MT4 brokers offer them.
New and experienced Forex traders can join his Facebook group. He updates his Facebook group daily. This book offers information that will help traders at all levels. The bonus comes with the practical illustrations that the author gives.Buy now here
Naked Forex: High-Probability Techniques for Trading Without Indicators by Alex Nekritin
Trading without markers is a simplified and incredibly effective method of making money. Most forex traders depend on technical analysis publications written initially for stock, option, and futures investors. Naked trading is the easiest (and most ancient) method of trading. It’s trading without the use of metrics. That is why this book is among the must-have forex trading books on amazon.
Users who employ fundamental technical indicators place a strong emphasis on these indicators. Traders who use naked trading techniques concentrate their attention on the price chart. Naked trading is a straightforward and superior method of trading suited to traders who want to gain experience with a trading style as quickly as possible.Buy now here
A Three Dimensional Approach To Forex Trading: Using the Power of Relational, Fundamental, and Technical Analysis by Anna Coulling
The author wrote the book solely to explain how and why currency markets move using relational, technical, and fundamental analysis. That’s why it’s one of the best forex trading books on Amazon. A three-dimensional approach to trading combining different timeframes and chart analysis will make the world of foreign exchange crystal plain.
It explains how commodity, stock, bond, and equity markets affect currency markets.
This book is ideal for aspiring full-time forex traders and individuals who desire second-income trading forex. Knowledge breeds confidence. Reading this book gives confidence, which leads to success and money.Buy now here
Day Trading and Swing Trading the Currency Market by Kathy Lien
This indispensable guide, currently in its 3rd edition, offers you data, statistics, and analysis of recent incidents, allowing you to get the most accurate overview of the current fast-moving forex markets.
You will understand how the interbank money markets operate and how to borrow strategies from the major players to benefit from market trends. This book discusses the technical and fundamental options that make individual traders bid with bank traders clearly and comprehensively.
With the skills gained from this book, you will prepare to compete with other traders on your terms and still win. This book is best for all forex traders, from novices to experienced professionals.
It also offers an extensive clarification of strategies on Intermarket relationships, option volatilities, interest rate differentials, news events, and other factors.Buy now here
How to Make a Living Trading Foreign Exchange by Courtney Smith
Smith summarizes the foreign exchange market, including the definition of the forex market and how it operates. In subsequent sections, he delves deeper into 6 money-generating strategies for forex trading, along with his outstanding Rejection Rule, which multiplies the earnings of basic channel breakout systems when applied.
The author also covers full measures and important trading psychology tips to help you stay ahead of the competition. The book:
Discloses the main points of the Forex market and how to generate a lifetime of income through trading in it.
Guides on maximizing profits during the risky swings that have become increasingly common in recent years
This forex trading book on amazon is ideal for individuals who desire to devote their lives to trading foreign exchange as their means of livelihood.Buy now here
Adventures of a Currency Trader by Rob Booker
Rob Booker brings a different perspective and approach to learning about currency trading. He presents crucial lessons and strategies in a narrative that appeals to traders of all classes.
The author explains powerfully how one can implement a consistent trading approach in the forex market and eventually become an independent currency trader. As some of its reviewers say, this book comes before strategies and methodologies.
Adventurers of a Currency Trader is a forex trading book on amazon that both beginners and experienced professionals in currency trading will gain much by reading. It is also best for individuals who are tired of how-to books.Buy now here
Sum up: Forex Trading Books on Amazon
With the right set of skills and knowledge, one can always find the correct footing to venture into any field, so is forex trading. Amazon has a variety of books that can benefit all classes of traders, from novices to experienced professionals. To the question on what is the best book to read on forex trading? The answer is not definite. The books reviewed above are some of the best from amazon to help you in your trading journey. The most important bit is that all the forex trading books offer outstanding features that anyone can use to prosper.