Best Forex Books Every Beginner Should
Top literature for newbies to forex
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.
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
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
Trading For A Living by Alexander Elder
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
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
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.
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.