While there are many ways to learn a new skill nowadays, we have to admit that reading remains one of the most efficient methods to educate ourselves. This article will share with you four of the best forex books that will make your early trading days much more effortless.
How to Find the Right Read
When looking for the appropriate forex books, check the following items:
- Author credentials and public articles they’ve written in the past
- Book reviews
- Book synopsis and sample chapters, if available
- Whether the book focuses on a specific market or currency pair
- The difficulty level of the book — is it a beginner’s read or an advanced material?
Day Trading and Swing Trading the Currency Market by Kathy Lien
If you’re into short and mid-term trading for quick turnarounds, then Kathy Lien is a must-read. As a world-renowned analyst, Kathy also has an approachable writing style, making forex trading understandable and straightforward. The latest edition of this book will walk you through everything from trading fundamentals to technical analysis strategies. Kathy Lien also guests for Bloomberg frequently — just in case you’re looking for more social proof.
Forex Trading: The Basics Explained in Simple Terms, by Jim Brown
Not all beginner’s guides were made the same. The trading guide by Jim Brown is one of the best foundational forex books there is in the market. This book will introduce the forex terminologies, entry and exit strategies, trader persona, choosing the right broker, and where to start. Jim Brown is sharp, witty, and fun to read. He will make your first few months of learning forex trading feel like a refreshing breeze.
Japanese Candlestick Charting Techniques, by Steve Nison
If you know your basics but want to learn some unique techniques that will make you a more efficient trader, then the Japanese candlestick charting is something you should look into. This used to be a gated secret in the eastern forex world until Steve Nison brought it to the western world. It is a highly versatile technical analysis tool that can also be applied to speculation, hedging, equities, and more.
If you find this technical tool useful, you should also check out the sequels Nison wrote, which are advanced courses going deeper into the candlestick charting technique.
The .4x Trader’s Manual by Jonas Navardauskas
Looking for an illustrated guidebook to key trading concepts? Look no further. Navardauskas has put 120 diagrams into one book, so you never need to flutter over not finding the proper reference again. The author looks into critical factors affecting a trade’s profitability with real-time analysis. Whether you’re a complete beginner or looking to advance, the Manual will be your best friend in the market.
Find More Resources
You will find plenty of google search results when you look for forex books. However, not all of them will suit your needs. For example, the Currency Trading for Dummies book is a great beginner’s material, but it doesn’t go much further than an introductory guide. To find the proper read, you must first understand your needs. Then, all that’s left is starting your research and invest in your education. Happy learning!