Forex books are the first step for many people in their forex trading journey. Whether you want an audio book for beginners or a strategy ebook for advanced trading, we have shortlisted the top 5 forex trading books that will benefit all. all traders.
Forex trading may seem like a big challenge at first; There are so many different terms, ideas, and strategies that it can feel like learning a foreign language. Even the most successful forex traders have to start somewhere and a good place to start is in forex trading books. A forex guide written by an experienced trader who can also explain things in layman’s terms can help guide you through the basics of forex trading.
However, the market for forex trading guides is a crowded place. So, to help you, we’ve put together a brief guide to the five best books on forex trading.
Top 5 Forex books of 2024
Anna Coulling – Forex for Beginners: What you need to know to get started and everything in between (Marinablu International, 2013)
Availability: Paperback and Kindle Length: 260 pages
Anna Coulling is a full-time trader and author. She has written numerous books on forex trading, stock market trading and volume price analysis, all drawing on her twenty years of trading experience.
Coulling describes Forex for beginners as the original platform of the forex trading world. It is also a prequel to two of her more advanced works, The Three-Way Guide to Forex Trading and The Complete Guide to Volume Price Analysis .
Forex for Beginners focuses on the concept of risk in forex trading. Coulling divides this concept into two areas: Level of risk (high, medium or low) and financial risk.
Starting from the absolute basics and working on the author’s own trading method, Forex for Beginners can help new traders learn how to assess and manage risk.
Jim Brown – Forex Trading: The Basics Explained in Simple Terms (CreateSpace Independent Publishing Platform, 2015)
Availability: Paperback and Kindle Length: 73 pages
Jim Brown is an Australian forex trader with many years of experience, Brown is the author of books for both beginners and advanced forex traders.
- What is Forex?
- Advantages of Forex trading
- When the Forex market is open
- Forex Pairs
- Where we trade Forex
- Choose a broker
- Important Information for Traders in the US
- Lot size and equivalent pip value
- Information about risks
- News and fundamental analysis
- Technical analysis
- Risk reward ratio
- Types of orders
- How many pips is enough
- Trading psychology
- Day trading or long term trading?
- Keep a diary or diary
Another bonus of this book is the inclusion of a copy of Brown’s own trading system and video tutorials on how to use it.
For more experienced forex traders, Brown is also the author of respected books on the MT4 and MT5 trading platforms.
Kathleen Brooks & Brian Dolan – Currency Trading for Beginners (3rd Edition) (John Wiley & Sons, 2015)
Availability: Paperback and Kindle Length: 384 pages
Currency Trading for Beginners is the number one forex guide on Amazon. A comprehensive guide to forex trading newbies, now in its third edition, it is enough of a recommendation in itself.
The familiar yellow and black cover of the For Dummies series immediately lends this book an air of credibility, as it walks the reader through the basics of the forex market. It explains the latest SEC rules and tax laws, discusses risk management, and thinks about the pros and cons of forex trading.
First published in 2007, the 2015 update was co-authored by Brian Dolan, an author and media commentator who has more than two decades of trading experience, and Kathleen Brooks, research director for a major forex site.
Jelle Peters – Forex for Ambitious Beginners: A Guide to Successful Currency Trading (Odyssea Publishing, 2012)
Availability: Paperback and Kindle Length: 218 pages
A philosopher and legal historian, Jelle Peters also runs a forex website, writes regular articles on forex trading, and is the author of this popular forex guide.
Aspiring Forex for Beginners prides itself on not selling you an online fantasy of how easy forex trading is, but shows you how to avoid common mistakes when starting out. forex trading.
Peters also includes lessons on specific forex trading strategies, technical indicators, and other advanced tutorials like how to read candlestick charts. At the end of the book there is a bonus of a quiz to help you make sure you understand the forex lessons you have learned.
Paul Langer – The Black Book of Forex Trading: A Proven Method to Be a Profitable Trader in Four Months and Achieve Your Financial Freedom by Doing (Publication Platform) Independent of CreateSpace, 2015)
Availability: Paperback and Kindle Length: 83 pages
Paul Langer offers a different perspective on forex trading. While the book we reviewed above is a beginner’s guide to forex, The Black Book of Forex Trading is aimed at forex traders who already have some experience.
Though brief, this book distills Langer’s experience in forex trading and pays thousands for courses and systems. He uses everything he’s learned to present you with three forex strategies that he believes will make you money consistently, making money from forex trading.
A strong seller with positive reviews, Black Book of Forex Trading is intended to help you fix the mistakes its author made in your forex trading journey and help you make money from it. own transaction within four months.
Forex eBooks for Beginners
While not enough to help professional traders, FTSE listing broker ETX Capital offers a small library of Forex ebooks that can guide beginners through the basics of trading, Find them here.