Every successful career starts with acquiring the knowledge. Becoming a professional Forex trader is no different. You need to know what are the specifics of the Foreign Exchange market and which strategies are suitable for you in order to lock in profits. Thus, it is highly recommended to learn more about trading currencies and this is why we prepared the list of the best books for you. How to get the books? There are many websites dedicated to the trading literature. You just need to click here to get best Forex books. Let’s check the list of the best possible books about currency trading.
The first masterpiece is “Currency Trading for Dummies”. As one can infer from the name, the targeted reader is the beginner in the FX trading. The book is pretty new and was published in the year 2011. The author of this work is the expert trader and market analyst named Brian Dolan. He has been involved in the FX market for more than 20 years. This massive experience was reflected in the book, which makes it valuable to read. If you seek for the Forex basics, then this book should become the part of your personal library.
Good for analysts
All traders need to know how to properly analyze currencies. If you want to build the career in FX trading, the book “Currency Forecasting” is certainly for you. Written by the famous Michael Rosenberg, the book is a sort of manual for the FX fundamental and technical analysis. Although “Currency Forecasting” was published in 1995, it does not lose its relevance to the contemporary Forex trading.
Special for the day traders
One of them is definitely would be “Day Trading the Currency Market”. Written for both novices and seasoned veterans, the book by Kathy Lien is interesting to read. The book combines theoretical content with practical learning, thus providing the possibility of active Forex education. “Day Trading the Currency Market” goes from the pure basics up to the advanced currency trading strategies based on the fundamental and technical data.
Advanced Chart Analysis
Next goes the “Japanese Candlestick Charting Techniques”. The book introduced by Steve Nison is the best way of grasping the candlestick charting. The candlesticks are quite commonly used by the FX traders, which means that the degree of relevance of “Japanese Candlestick Charting Techniques” is high. The book explains how to exploit candlestick charts with other technical tools to achieve the sniper-accurate technical data. This knowledge can be applied not only in the Forex trading, but for the other types of the trading instruments as well.
Our list ends with the book developed by the author named Courtney Smith – “How to Make a Living Trading Foreign Exchange”. Smith clarifies the basic concepts and mechanisms in the Forex market. The author also outlines key 6 tips for FX traders that will help to stay profitable in the long-run. Additionally, you can find a lot of effective Forex trading strategies strongly advocated by Courtney Smith. You will also be pleased to learn more about the traders’ psychology as well as deepen your knowledge about the appropriate risk/money management.
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