Reading forex trading books is one of the best and most-practiced methods of acquiring valuable information on how to accurately invest the forex markets.
Whether you are a new trader or a seasoned investor, there are always lessons to be learned through the reading and memorization of other publishers’ work.
Knowing where to begin is just as crucial as getting started with online trading, therefore we have taken the time to compile a list of the Top 10 Forex Trading Books of 2020.
These publications are published books and e-Books that are well-worth their value twice over and have been used by thousands of online traders to not only widen the depths of their Forex knowledge but to also improve their overall success.
So, without further ado, here’s our list of must-read Forex Trading Books for 2020!
- 1 10. Currency Forecasting by Michael Rosenberg
- 2 9. Japanese Candlestick Charting Techniques by Steve Nison
- 3 8. Forex Trading: The Basics Explained in Simple Terms by Jim Brown
- 4 7. Day Trading and Swing Trading the Currency Market by Kathy Lien
- 5 6. Boost Your Forex Profits With Unique Convergence Strategy: Sell The Rally, Buy The Vally by Vladimir Ribakov
- 6 5. How to Make a Living Trading Foreign Exchange by Courtney Smith
- 7 4. Trading in the Zone by Mark Douglas
- 8 3. Momentum, Direction, and Divergence by William Blau
- 9 2. Profitable Trading Mind by Vladimir Ribakov
- 10 1. Currency Trading for Dummies by Mark Galant
- 11 Free e-Books To Consider:
10. Currency Forecasting by Michael Rosenberg
Working as an Analyst at Merrill Lynch at the time, Michael Rosenberg first published Currency Forecasting in 1995. Considered one of the most conclusive publications regarding forex trading, Currency Forecasting couples the macroeconomics of foreign exchange and international monetary dynamics with technical and fundamental analysis. Breaking down crucial economic factors, Rosenberg’s ability to deliver clear-cut and mentally-stimulating text has enabled Currency Forecasting to serve as a definitive guide for currency traders of all experience levels.
9. Japanese Candlestick Charting Techniques by Steve Nison
An in-depth publication that provides an easy-to-understand interpretation of the fundamentals and complexities associated with the versatile Japanese Candlestick Charting tool. Providing a thorough oversight regarding need-to-know fundamentals, hundreds of candlestick charting techniques and examples, Japanese Candlestick Charting Techniques by Steve can be used for currency pairs, futures, speculation, equities, hedging, cryptocurrencies, and much more.
8. Forex Trading: The Basics Explained in Simple Terms by Jim Brown
Jim Brown created a perfect forex trading book for day traders looking to learn the fundamentals associated with forex trading. Brown is a self-taught forex trader that provides the traders with crucial need-to-know lessons such as:
- Trading Psychology
- Advice on Selecting Brokerages
- True definitions of forex and forex markets
- Fundamentals associated with forex pairs
- Forex trading strategies for trade entry and trade exits
- Various places to invest and trade foreign currencies
Additionally, Jim Brown offers his own versatile trading strategy that can be employed by novice traders or that can be custom-tailored by seasoned investors to fit their own trading methodology.
7. Day Trading and Swing Trading the Currency Market by Kathy Lien
Kathy Lien is one of the worlds leading currency analysts, operating as a Managing Director for BK Asset Management while frequently participating with Reuters, CNBC, and Bloomberg programs. Forex trading theories combined with actionable learning provides readers with an encompassing oversight into the fundamentals of forex trading while Kathy also does a tremendous job illustrating trading techniques that can be used to accrue forex trading profits on a day-to-day basis. For individuals who are considering forex trading, you’d be hard-pressed to find a step-by-step guide as balanced as this book.
6. Boost Your Forex Profits With Unique Convergence Strategy: Sell The Rally, Buy The Vally by Vladimir Ribakov
Vladimir Ribakov is an Internationally Certified Financial Technician and Full-Time forex trader for over 13 years. Owner of TradersAcademyClub, Vladimir Ribakov walks readers through a behind-the-scenes breakdown of a market’s price action, showing traders how best to maximize trading profits while identifying high-probability trading opportunities along the way. By combining a thorough breakdown of how of his Unique Convergence Strategy, day traders can learn how to accurately invest while better-soaking in the lessons in-store through a free 3.5-hour webinar comprised of real-life trading examples, need-to-know investment tips, and comprehensive guidance.
5. How to Make a Living Trading Foreign Exchange by Courtney Smith
Beginning with a concise introduction into how the markets work, Courtney Smith’s book is a perfect forex trading book for novice to intermediate level traders looking to add invaluable forex trading knowledge to their investment arsenal. Apart from covering 6 trading strategies, Courtney also goes over the importance of trading psychology along with a custom-designed strategy that is engineered to double the profits generated through basic channel breakout systems known as the ‘rejection rule.’
4. Trading in the Zone by Mark Douglas
A five-element book, Mark Douglas is a world-renowned trader, trading coach and has been an industry consultant for over 38 years. The emphasis of Trading in the Zone is to exploit the “people factor” exhibited in commodity price action coupled with pointing out how traders tend to have a knack for inconsistently choosing wise stocks to invest. Having greatly impacted the style and methodology of trading for countless traders, this book is comprised of countless real-life examples that aid traders to better understand their investment choices. If you’ve been stuck in a rut for a while now, chances are you’ll significantly benefit from a change in your trading methodology.
3. Momentum, Direction, and Divergence by William Blau
This Forex trading book is designed to educate the minds of novice traders through an easy-to-digest literary language. Blau goes on to breakdown how most popular oscillators function, such as the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and Stochastic. Blau’s book has served as the perfect foundation for all MACD traders and has inspired traders to seek innovative ways of identifying MACD divergences.
2. Profitable Trading Mind by Vladimir Ribakov
Ribakov tops our list again with a practical, real-life guide to effectively managing trading psychology through the strengthening of your trading methodology. Having been a full-time investor for 13+ years and operating as a Certified Financial Technician, Vladimir Ribakov provides an invaluable oversight into the importance of professionally managing your trading psychology to take emotional trading out of the equation.
1. Currency Trading for Dummies by Mark Galant
One of the top forex trading books would be Currency Trading for Dummies. This book provides a hands-on and simplistic guide that explains the inner workings of the foreign exchange market along with how you can benefit from participating with forex trading. Learning how to research the global forex markets, apply tips from professional traders, and taking your forex trading to new heights are the stepping stones upon which this book is built.
Trading the foreign exchange markets is not for the faint of heart and should only be considered if you have money to spare. Do not try to tackle the forex markets without a scrap of forex trading knowledge, you would only be doing yourself a disservice.
These forex trading books are highly rated and well-reviewed for investors varying from novice, intermediate to advanced.
If you have a forex trading book that you recommend, please feel free to drop us a comment below and share your recommendation!
Free e-Books To Consider:
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Double Timeframe Trend Line Breakout Strategy
We all know that trend lines are important in trading. But what happens when you combine TWO different trend lines from different time frames, to optimize the accuracy of your trades? In this book, you will find out how it is done the RIGHT WAYClick To Join Our Community Telegram Group
Mastering The RSI Indicator
RSI is one of the most popular technical indicators in trading. With its different uses, RSI can help traders make much better decisions in trading and improve their accuracy dramatically. In this E-book, you will learn all the uses RSI has and how to use it in real time examplesClick To Join Our Community Telegram Group
Harmonic Patterns Book 1
Harmonic patterns are advanced trading patterns, these patterns are not easy to spot and trade, but once you know how to analyze and deal with them effectively, it can be very profitable. Harmonic Patterns is a favorite weapon in many traders’ trading arsenal because they work. Harmonic patterns provide traders with unique opportunities, such as potential price movements and essential turning or trend reversal points. The main goal of harmonic patterns is to show the trend’s direction, identify entry points, calculate levels of stop-loss orders, and define potential targets to take profits. This e-book will explain the most basic and […]
Hidden Divergence
In this e-book, I will break down “Hidden Divergence,” one of the hottest day trading subjects revolving around real trend trading. I will briefly explain what are hidden divergences and some of their core principles. Additionally, we will cover one of the trading strategies I employ while trading with hidden divergence trading techniques.Click To Join Our Community Telegram Group
Metatrader 4 Beginners Tutorial
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. In this e-book, you will learn about how to install and navigate the MT4 (Metatrader4) platform, how to open a trade, how to use common features of MT4, and how to install custom indicators. I will also provide you some secret tips, tricks, and shortcuts which will be very useful while working with the MT4 platform.Click To Join Our Community Telegram Group
Support And Resistance Zones
Support and Resistance Zones are a universal trading terminology etched deep within the dialect of traders. Learn the ins-and-outs, how to identify support and resistance zones, their definition, and how to apply this high-powered trading methodology into your day-to-day trading arsenal.Click To Join Our Community Telegram Group
Japanese Candlestick Patterns for Beginners (part 1)
Delve deep into the fundamental roots and origins of graphical charting, master raw market sentiment by understanding lying characteristics behind Japanese candlesticks, learn to recognize a handful of powerful Japanese candlestick patterns. Embark upon your trading journey with Part I of our three part Japanese candlestick pattern series.Click To Join Our Community Telegram Group
Japanese Candlestick Patterns for Beginners (part 2)
Now that the groundwork has been laid you’re well on your way to becoming your OWN best success story, we begin Part II with more powerful candlestick formations where we breakdown their key identifying characteristics of market sentiment identifying traits, continue to lay the foundation work to build upon the next lessons covered in Part III while decoding the never-ending journey of tackling the foreign exchange markets.Click To Join Our Community Telegram Group
Candlestick Patterns for Advanced (part 3)
Part III brings together a culmination of Japanese Candlestick Patterns that should be embedded into the groundwork of every hardline trader. Master the last high-powered candlestick formations that analytical chartists and trading algorithms are programmed to employ while mastering your forex trading arsenal with descriptive candlestick terminology and market sentiment efficiency.Click To Join Our Community Telegram Group
Trade With The Flag
One of the best ways to trade for the Patterns traders. The flag is one of the most reliable patterns on the technical world. In this e-book, I will show you how to trade it the best way.Click To Join Our Community Telegram Group
The Secret of The Double Doji
The double Doji is one of the most important patterns on the technical analyze world. Master this pattern could take your trading level one step higher.Click To Join Our Community Telegram Group
The Secret Meaning of Hidden Stochastic
The Stochastic was always known as one of the best indicators to determine the extreme levels on the markets. But there are much much more in this great indicator. All here, in this free e-book for you.Click To Join Our Community Telegram Group
The Secret Meaning of Japanese Candlesticks (part 2)
There are some well kept secret candles patterns. I decided that everyone should know them, as they can take trader’s level much higher. Discover the best of the best candle patterns.Click To Join Our Community Telegram Group
The Secret Meaning of Japanese Candlesticks (part 1)
There are some well kept secret candles patterns. I decided that everyone should know them, as they can take trader’s level much higher. Discover the best of the best candle patterns.Click To Join Our Community Telegram Group
Classic Boundary Breakout Strategy
One of the most simple and profitable systems. So many traders are already enjoying it. You need just a line chart, and RSI indicator. Read it and enjoy this strategy.Click To Join Our Community Telegram Group
Converting Knowledge Into Practice
We all have so many systems, and so many ways to trade. When you have a plan, and you have a system, you just need to combine them together. Discover how to do it.Click To Join Our Community Telegram Group
Psychological Trading & Money Management System
Plan how to trade, and trade the plan you’ve made. Every trader has to build a plan at stick to his plan, to build good and consistent profits. Discover how to do it in this book.Click To Join Our Community Telegram Group
What Type of Trader Are You?
Discover what type of trader you are. Realize what suits you, and in what market conditions you feel more comfortable. Understand the differences from other traders and build a plan for trading.
These e-Books can be gathered, free of charge, on our Free e-Book Page.
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