Best Forex Books 2014
As a currency exchange trader, reading tones of books are most essential especially when you’re dealing with tens of thousands in trades, and might have a potential to lose them all. An investment in couple busks seems like a great return on investment.
However hundreds of books out there that I’ve read are just repeat of basic stuff. But still reading them is essential, so here’s the top 5 of my favourite Forex book.
Top 15 Forex Books
|No||Books||Image||Price (Hard Cover)||See Customer Review|
|1||Forex Candle Stick Made Easy||37 (Soft Copy)|
|2||Forex Made Easy : 6 Ways to Trade the Dollar||22.22|
|3||Beat the Forex Dealer: An insider's look into trading today's foreign exchange market||49.89|
|4||Currency Trading For Dummies||7.43 (New Paper Back)|
|5||Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing||38.46|
|6||Forex For Beginners||26.07|
|7||The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit||20.80|
|8||Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies||31.36|
5 More notable Forex Books to add to your library
Anne Coulling is self taught trader with over 16 years experience. During that time I have traded in every market and virtually every instrument, and now concentrate exclusively on trading currencies and commodities. Her trading approach is primarily technical using volume price analysis.
Review on this Book
When I got an ad e-mail from Amazon announcing new arrivals I decided to give it a try because I felt that my knowledge in this area was insufficient and the price was competitive. And from the first page I realized that I couldn’t make the better choice.
As a novice trader I could read everywhere that the volume should confirm the price, but the biggest problem was that I didn’t understand how to make a link between these two parameters on a chart. I was amazed by how the writer was talented to give a thorough, but clear explanation of the meaning behind V-A, so that I can now immediately see when the price is validated by V. The author is not trying to make a science of it. Instead, she opens up a new world to you by making you a good observer and analyst and help you to put information given into practice.
While reading, I had a feeling that the author was not guided by urgency, but wish to share her knowledge and experience and help inexperienced traders to overcome the same difficulties she had at the beginning of her trading career with less difficulties. In the next edition, I would like to find out whether it is possible to scan for stocks which are at a volume-supported zone, because I guess that leaving the zone may be a trading opportunity.
I highly recommend the book to beginners and all those who think they may benefit from expanding their knowledge of this topic.
2. The Forex ”Set & Forget” Profit System: It is VERY DIFFICULT TO LOSE with this extremely reliable trading system – Mark Boardman
Mark is an independent Forex Trader, and an author, he trades Forex as a hobby, spending 3 hrs to 4 hours per week trading. He do so buy using simple and basic trading software. All he did to win in Forex is just the right strategy.
Review on this Books.
Even if you’re new to Forex Trading, I recommend you save some time reading this book. Where was this book when I first started trading, would have save me many thousands
of dollars. New to Forex or season trader this book is a must read. I can relate to marks venture in Forex, sounds like he has been reading my life story in Forex chart reading. Forex is really about breakouts and channels as Mark points out, So true in live trading, also the Snap back strategy is an interesting concept. Conclusion: What you read on the front cover is an honest appraisal of this book.
3. Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets Paperback – by Adam Kritzer
Adam Kritzer is a trader cum blogger since 2004. He is based in China & has studied the Forex market for over a decade. In addition to writing for the Forex Blog, he contributes to other leading financial news sites. His work has been published in the Mergers & Acquisitions Journal, as well as the Wuhan Evening Post. He graduated cum laud from the University of Pennsylvania, with a Bachelor of Arts Degree in Economics and East Asian Studies. In his free time, he enjoys rock climbing and gardening.
Review on this Books.
This book as an excellent resource for anyone interested in foreign exchange. The writing is clear and articulate, and the author provides a comprehensive and balanced introduction into the forex market.
This is not a “get rich quick” book; rather, it is a fascinating window into a massive sector of the global economy that largely flies under the radar of the general public. The author clearly knows the subject inside and out, and he gets into some rigorous statistical analysis of currency markets and trends. However, the writing is not excessively convoluted or jargon-y. I have followed currency markets for years myself, and I appreciate finding a text that covers forex so thoroughly, with more a few fresh insights included as well. I’d recommend this text to anyone interested in forex. Exceptionally suitable for people who start trading with no idea what FX trading is all about.
About Laurentiu Damir
Laurentiu Damir is a low profile, author who’s responsible for many great Forex Books out there. Though he’s not that renounce on the Internet Damir’s Strategy and name need no introduction in the Forex World, 10 ouf 8 of my forex trading buddies have read at least one of his books. Everything writen by Damir is sleek and well done. Concepts are not of newbie, and everything about his books tell us how to win.
Review on this Books.
The author answers questions very quickly and in detail. He will help you in anything you need to understand about his books. After his fast responses I bought all of his books available on Amazon. I started on “Follow Price Action Trends” since I thought this was most likely to be the style of trading I would prefer. He recommended this book “Build Your Forex Trading System” as the starter to give me a better overview of all of his books and a variety of trading styles. I agree, start here. This book will help you understand the differences in the styles. Mr. Damir is making his money trading and has been good enough to help us who are learning to be able to improve our trading. He is not trying to get rich selling courses with empty dreams, like most of the experts. For the knowledge you will gain all of his books are a bargain. His explanation of lot/trade sizing has helped me a great deal more than the other courses I have taken. I recommend you start with this book and buy all of his other books. For the price you will learn far more then you are spending.
Avinash Khilnani Studied Applied Geophysics, but soon diverted to Mathematics. and his intention of this book is to use teach us how we can use mathematics is a simple way to trade with great profits.
Reviews on books
This book guides the readers in creating a personalized trading system that allows for the laws of averages and probabilities in an unpredictable place to work in their favor by keeping their trading actions in sync with unpredictable trends of market price of indices, stocks or currencies.
It also draws empirical results for the system back tested on the DJIA by walking the reader through trading the Dow. Back tests results are done for FTSE 100 and the NIFTY 50 as well, demonstrating how to maximize profits and minimize losses by riding and exiting trends.
That goal is achieved by modifying the standard Heikin Ashi chart quite a bit and using the Fibonacci ratios to create triggers for entry and exit points while instructing the readers in detail to create their own spreadsheet and charts, assuming the readers have some working knowledge of a spreadsheet.
I’m not sure why I make this book my No. 5 but as I said I’ve read if not hundreds of books about Currency and Trading and this book is the center science of it. Using mathematics to trading is a no brainer. Of course you’ll win everytime you do this. Just don’t include emotions in it.
Well although more books came into mind and did not make it here. I’ve put myself in a tight spot for choosing 5 of the best. Through my experience as a trader these books are the most influential and they took me from bad newbie trader, to average, and now through reading, and practicing I’m proud to say I’m no longer and average trader.
If you like this review and find them to be helpful, you can click on the “Picture of the book”, “Title” or “Get this Book from Amazon” Link and purchase them. (That would give me few cents or dollar to help fund this site and a copywriter to help me produce helpful contents.)
Many people ask me “Is that all the books that I can read?” well these 5 is a must but, Of course I can think of more.
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