6 Best Books for Forex and Trading
6 Best Books for Forex and Trading: A Must-Read List for Aspiring Traders
Practice in Forex trading as an ever evolving and at times rather volatile market is well served by adequate knowledge of strategies and tactics, risk, and reward assessment as well as psychological control. According to the resources there is nothing like a good book for those who would like to increase their stock of knowledge. Below is a list of some of the best books you can read to enable both the novice and the professional trader to get into forex and trading.
1. The best known of these is Currency Trading for Dummies by Brian Dolan**.
To sum up, it is advisable to note that the book under discussion may be considered as appropriate for beginners. It is simple and easy to read and encompasses principles of forex trading, constructs and structures of the global currency markets and known approaches to trading. It’s an elaborate manual that assists to unravel the mysteries of the forex market.
2. ” Trading in the Zone” by Mark Douglas
A good read for any trader, this book takes time to explore a very important but very difficult area to tackle fairly, that of psychology. Douglas tries to explain the mental attitude that leads to a string of success and emphasizes in discipline, confidence, and perseverance.
3. A book which explains the concept of other currency trading is “The Little Book of Currency Trading” written by Kathy lien.
Kathy Lien is an expert in the field of forex trading and she provides the traders with the correct methods and various tips and tricks for trading to the traders whether they are novice or expert ones. I found her writing clear, simple and full of practical advises that characterizes her book as very beneficial to anyone interested in enhancing his/her trading experience.
4. "Forex Trading: There are many scientific articles that could be of interest for a reader with average background knowledge, for example, the article entitled “Some of the Basics Explained in Simple Terms” by Jim Brown[1].
Most of the times, such books are full of complicated terminologies that may seem confusing to a new trader or even seasoned one; however, this book is an exception, and it’s ideal for any beginner that would want to learn more about forex trading because it is written in simple language that does not complicate things. Brown is also able to present complicated ideas and notions clearly and in a very uncomplicated manner.
5 First, an understanding of this investment strategy is given by the book titled ‘Market Wizards’ written by Schwager.
Although not strictly limited to forex, this classic interviews some of the most successful traders irrespective of the market in which they trade. It will be seen that the advice given by these market wizards are quite useful for anyone interested in stock trading.
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All these books are highly recommended for those that intend to gain a basic
knowledge on trading in the forex market. Whether you’re an inexperienced
trader who aspires to begin their trader journey or an experienced trader who
wishes to polish his/her strategies, having such books will always provide you
with the knowledge and confidence of knowing the real world of Forex trading.
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