Forex BooksOn most websites you find the default recommendation of Forex books. I think you are doing yourself an disservice by not looking beyond the obvious choices out there. I am not saying that reading a book about Forex trading is not beneficial, what I am saying is that it is good to think out of the box and look at other places for inspiration. In general I like reading books but I am not the type that builds a library of books on the same subject, e.g Forex trading. The recommendations you will find here are not some sales ploy, rather books that I have found truly helpful in my own quest for success. The books here are vertically related, i.e they are in the same subject area - Trading. I strongly recommend that you look for solutions not only vertically but also laterally, for example books on success or dealing with stress. There is always something to learn and something that you can apply to trading from these kinds of books. Don't limit yourself to reading just Forex books. I have also prepared a page with Forex ebooks. Many of the ebooks are for free so enjoy! Note: The links provided are for your convenience only, I am not affiliated with any of the websites linking out of this page in any way. I do not derive any income from the Forex books I recommend here.
#1 of Forex booksDay Trading the Currency Marketby Kathy LienDay Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this market actually works. It contains actionable information and strategies, which can help you enter this highly competitive arena with confidence and exit with profits. Amazon.com Ranking: #2 of Forex booksTechnical Analysis of the Financial Marketsby John J. MurphyTechnical Analysis of the Financial Markets expands upon and updates Murphy's classic Technical Analysis of the Futures Markets. Packed with some 400 real-life charts that clarify every key point, it covers:-The fundamentals of technical analysis and chart construction-What you must know about trends and the building blocks of chart analysis-Price patterns, including major reversal and continuation patterns-Methods of analysis--moving averages, oscillators, contrary opinion, and other indicators-Time cycles, market interrelationships, money management, and trading tacticsBeginners and experienced traders alike will find a wealth of immediately useful information in this authoritative, yet easy-to-follow guide. Amazon.com Ranking: #3 of Forex booksTrading for a Livingby Dr. Alexander ElderSuccessful trading is based on three M’s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:
Amazon.com Ranking: #4 of Forex booksDay Tradingby Joe RossDay Trading (for futures traders): This is a book that is a "must read" for online daytrading. In Day Trading, Joe Ross reveals his major, minor, and intermediate intraday trading signals. He shows you exactly what they are, and explains why they are important. He emphasizes the how, why, and when of stop loss and profit protecting stop placement. You will learn about hedging your positions. You will be shown several methods for identifying a trend before anyone else sees that it is happening. Joe calls it "identifying a trend while it is still in the birth canal." As an online electronic daytrader, you will refer to this book time and time again. Daytrading the E-mini and currency contracts online are Joe's specialties. He has taught thousands how to daytrade. Joe reveals a complete forex method which teaches you how to trade breakouts from congestion, techniques that can be applied to any market. Regardless of whether you trade the E-minis or currencies in forex or futures, you will see trend trading concepts as never before. Learn his tricks and inside information from this 300+ page huge trading manual. Comment: Get this book from Joe Ross' website. It is expensive at $150 but worth the money.
#5 of Forex booksTrading in the Zoneby Mark DouglasMaximizing the trader's state of mind is the key to successful results. Conflicts, contradictions and paradoxes in thinking can spell disaster for even a highly motivated, astute and well grounded trader. Mark Douglas, a commodities trader and one who has been around traders for over fifteen years, sends the message that thinking strategy will profoundly influence a trader's success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market. Trading In The Zone offers specific solutions to the "people factor" of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner's mindset. Along the way, they'll gain keen insights into their own entrenched misconceptions about the market. Backed by compelling examples, Trading In The Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street's realities, traders will come to leverage the power of their psyche for unprecedented profitability. Amazon.com Ranking: #6 of Forex booksEnhancing Trader Performanceby Brett SteenbargerThrough his own trading experiences and those of individuals he has mentored, Dr. Brett Steenbarger is familiar with the challenges that traders face and the performance and psychological strategies that can meet those challenges. In Enhancing Trader Performance, Steenbarger shows you how to transform talent into trading skill through a structured process of expertise development and reveals how this approach can help you achieve market mastery. Amazon.com Ranking: Return from Forex Books to Home
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