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Best Forex Books Every Beginner Should Read

Top literature for newbies to forex trading

Reading about trading might be the safest and most convinient way to get a better view at the way Forex really works. You will be able to acquire the needed knowledge way before you put your real money on the line and you will be prepared and ready to succeed. If you are a beginner, finding the Forex books for newbies might look impossible since there are so many to choose from. There is plenty of literature created exclusively for Forex beginners. Don't worry, we are here to help you and make some suggestions as to where to begin.

How to begin trading world currencies

When you are a beginner to forex trading, it's important to educate yourself first, via some of the best
forex trading literature available to forex beginners.  (Image by Pixabay.com)

Top three books for beginners

With so much books to choose from, cutting down the list to only three books was difficult. However, these suggestions are the best of the best and they are the most beginner-friendly Forex books you will find out there.

Trading For A Living by Alexander Elder

Trading For A Living

The name of the book might be a bit misleading because it won't teach you how to trade for living per se. However, Alexader Eder wrote a great book, Trading for a Living, that will give you very useful advice on various topic that can be very beneficial for beginners.

If you are worried that you will not be disciplined or focused enough and you don't know how to improve these important trading components, Elder is here to help you. He is an experienced trader who relies on technical analysis and psychology of trading. He will give you the insight into his trading methods and make various suggestions on how to make a proper trading start.

Candlestick Charting Basics by Steve Nison

Candlestick Charting Basics

Candlestick charts have been around for a very long time. Candlestick Charting Basics is probably one of the best Forex books for starters because candlesticks are very visual and easy to comprehend. If you master them, you will already have an advantage over other beginners since using candlestick charts in your technical analysis is one of the most precise ways of determining the direction of the market.

Steve Nison did a great job o explaining the very basics of candlestick charts. This book is very readable and the advice is easy to apply, especially if you are practicing trading with a demo account.

Trading by the Book by Joe Ross

Trading By The Book

If you are looking for a book that is filled with charts, illustrations, and general advice on various technical analysis tools and methods used by seasoned traders, you should search no further.

Trading by the Book is a very useful guide that can be used by traders, regardless of their previous market experience. Joe Ross puts an emphasis on trading discipline and as you will see in this book, focus is everything in this business.

Conclusion

With so many FX books recommended for beginners, choosing the best Forex books is near impossible. You should always start with the basics and look for the books that are not using technical language until you get familiar with various trading terms. Then you should branch out and focus on various trading techniques and finding the ones that work for you.

All above book cover images by amazon.

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