There are tons of Forex books out there, but only a small bunch of them can really make a difference in your trading, only that small bunch you would refer to as the “best forex books” We are going to recommend some of the best quality books. Each Forex trading book has been ranked and reviewed for the specific subjects they cover. Continue reading to find out what the 5 best Forex books in 2024 are.
Table of Contents
1. Currency Trading For Dummies
Currency Trading for Dummies is a top notch forex trading book for beginners, made by Forex.com experts Brian Dolan and Kathleen Brooks. It covers basics to advanced strategies, providing a comprehensive understanding of the forex market and practical tips for a smooth experience.
2. A Beginner’s Guide to Day Trading Online
A Beginner’s Guide to Day Trading Online is one of the top-rated forex books by Toni Turner, providing a concise, comprehensive guide to day trading essentials, practical examples, and case studies, making it an excellent choice for beginners.
3. The Art and Science of Technical Analysis
Adam Grimes’ The Art and Science of Technical Analysis is a highly rated forex trading book that offers a comprehensive understanding of market behavior, charting patterns, indicators, and trading psychology. It provides practical explanations for applying Technical Analysis to forex markets.
4. The Candlestick Course
Steve Nison’s The Candlestick Course is a top-rated book on Japanese Candlesticks, a valuable tool for price action traders. It provides a comprehensive guide on reading, interpreting, and identifying patterns in candlestick charts. There is also information on advanced techniques, such as trading with multiple timeframes and using candlestick patterns to confirm trends or reversals.
5. Currency Politics
Currency Politics is a valuable book on the impact of currencies on the global economy, examining historical and political factors, trade, finance, and exchange rates’ influence on economic growth. Frieden, the author, explains how currencies play a role in the whole world and examines how exchange rates impact economic growth.
Which Best Forex Books Should You Buy?
The types of Forex books you should purchase depends on your trading level, personal experience, and knowledge. If you are a new trader, then the first two books are meant for you. If you are already experienced and want to brush up on your skills and learn more, then the last three books may be best.
Why Are Forex Books Worth it?
Yes, if you are reading this article, you already know the answer. Everyone can greatly benefit from reading Forex trading books. Many of the best trading books are written by top-notch traders who spent many years learning the craft. Each one of them said they made lots of mistakes when they were starting out; learning from their experiences can help us grow faster. I think all traders can speed up their learning by learning from the right source.
Reading is key in trading, and I think these two additional books will make you a better trader: “Trading in the Zone” by Mark Douglas and “Technical Analysis of the Financial Markets” by John J. Murphy. “Trading in the Zone” is still recommended in 2024. Why? Because it’s amazing. Reading this book will be illuminating. And, last but not least, “Technical Analysis of the Financial Markets” is probably the best technical analysis bible ever created.
