10 Best Forex Trading Books to Read in 2022

Discover our 10 Best Forex Trading Books to Read in 2022

Momentum, Direction and Divergence by William Blau
This book by William Blau is ideal reading for all newbies and potential traders. Blau perfectly and simply describes how the most popular oscillators work, including  RSI, Stochastic and  MACD. By reading this book, you may discover very effective and unique ways to measure trend and momentum through MACD as well as divergence.

Psychological Analysis of Trading by Mark Douglas
Trading Psychoanalysis aims to expose the “artificial factor” in commodity price behavior and the lack of consistency in stock selection. It advises traders to think probabilistically with simple exercises to develop a winning mentality. This publication is full of examples to help traders better understand their decisions.

Forex Trading: The Basics Explained in Simple Terms
Author: Jim Brown
This book provides traders with everything they need to start trading and survive in the Forex market. Jim Brown’s work is not only comprehensive but also brief, so traders looking for a book that covers all the basics need not look further.

How to Make a Living Trading Foreign Exchange
Author: Courtney Smith
Recommended Experience Level: All levels of experience
How to Make a Living Trading Foreign Exchange, provides traders access to the whole Forex market. In the beginning, the author, Courtney Smith, describes the Forex market.
On his own Rejection Rule, he doubles the profit of basic channel breakout strategies. Smith also discusses effective risk management and trading psychology tactics to help you remain ahead of the game.

Japanese Candlestick Charting Techniques
Author: Steve Nison
Recommended Experience Level: Intermediate and Professional Traders
Japanese candlestick charts are part of technical analysis, which is a tool that can be used with many other technical tools. They can be used alone or in combination with other technical tools. When traders use these charts, they can improve their market analysis a lot, which will help them make better trades.
This book is a good source of information about a great trading strategy that can help both beginners and more experienced traders improve their skills and decisions when trading.

How to Start a Trading Business with $500
Author: Heikin Ashi Trader
Many novice traders start with minimal funds, but this is not a barrier to trading. But this book is not about turning $500 into $500,000.
Exaggerated return expectations are what cause most newbies to fail.
Instead, the author teaches how to become a full-time trader on a shoestring budget.
This is true for traders who wish to remain anonymous as well as those who wish to trade customer funds.
This book tells you how every trading phase has a specific action plan. In principle, anyone may become a trader provided they are prepared to study.

Communication skills with brokers
Maximize returns on limited capital
How to become a professional trader
Hedge Fund Trading Activity

Steve Neeson’s “K-Line Tactics”
Steve Nison is known for introducing Japanese candlestick charts to Westerners. His first book, “K-Line Tactics,” shows some advanced techniques for candlestick charting. However, the book summarizes candlesticks more broadly – making them ideal for both novice and seasoned traders. This price action forex book should be perfect for learning how to identify which candlesticks to use with the system for successful entry and exit. Traders who have studied all the candlestick patterns presented in this book should have an advantage in trading.

The Disciplined Trader by Mark Douglas
In his book The Disciplined Trader, Mark Douglas emphasizes the importance of getting the right trading psychology right. He discusses how emotions are always the trader’s enemy, and how even a trader who knows very little about the technical and fundamental understanding of trading but has good mental control can ultimately be a winner.
The author is not ashamed to admit that he lost almost everything he had due to his poor trading decision. That experience led him to serious introspection, and he found that emotions, especially fear, made his trades lose money.

Technical Analysis for Dummies by Barbara Rockefeller
Barbara Rockefeller is a forex veteran and one of the pioneers of technical analysis. She is the author of six books that are actually must-reads for different types of traders. Technical Analysis for Dummies is an absolute classic trading book. The third edition of the book, published in 2014, provides readers with new insights and an updated look at unique formulas and key metrics. In her book you can learn:

How to determine market performance
How to spot the right investment
Where to Look for Turning Points in the Market
How to Improve Your Profits and Portfolio Performance

After each book you read, it’s a good idea to actually verify what you’ve learned in practice. The theory is one thing, but actually making money in the market is another.

Posted on