There are many excellent books available for beginners in foreign exchange trading. Here are our recommendations of the five forex trading books you can read to start learning forex trading from scratch.
Here are some recommendations:
“Currency Trading for Dummies” by Kathleen Brooks and Brian Dolan – This is a comprehensive guide to forex trading that covers everything from the basics of currency markets to technical analysis and risk management.
“The Little Book of Currency Trading” by Kathy Lien – This book provides an easy-to-understand introduction to the world of forex trading, with a focus on practical strategies and techniques that traders can use to succeed.
“Trading in the Zone” by Mark Douglas – While not specifically about forex trading, this book is an essential read for anyone interested in trading. It focuses on the psychology of trading, helping traders to understand their own emotions and develop a disciplined approach to trading.
“The Simple Strategy” by Markus Heitkoetter – This book provides a straightforward trading strategy that is easy to understand and implement. It includes step-by-step instructions for identifying trades, managing risk, and maximizing profits.
“Japanese Candlestick Charting Techniques” by Steve Nison – This book is a classic in the field of technical analysis and provides a detailed introduction to Japanese candlestick charting, which is a popular method for analyzing forex markets.
These books can provide a solid foundation for beginners in foreign exchange trading, but it’s important to remember that trading always involves risk, and there is no substitute for experience and practice. It’s also a good idea to seek professional advice and conduct your own research before making any trading decisions.