Reading books is the best way to self-educate yourself. It will help in self-development and entertain you at the same time. If you are new in the field of trading, then it is suggested that you should start with reading books on Forex or foreign exchange, financial market, and currency market.
Books based on forex or foreign exchange will help in teaching you trading strategies and understanding the basic concepts of choosing quality stocks. They will also help you know how to minimize and manage risk. Given below is a list of the six best forex books available in the market.
1. Reminiscences of a stock operator
This book by Edwin Lefevre focuses on the principles mentioned by Larry Livingston. The book will explain the trading journey of Mr. Livingston to you in detail. How he started his journey when he was financially broke and then eventually recovered fortune. With every new earned fortune he understood the market behavior even better.
So, what is better than reading a real-life story of a person who has gone through his shares of ups and downs in the trading market?
2. The disciplined trader
This book by Mark Douglas has lain special emphasize on the importance of proper trading psychology. In this book, you will learn how emotions can act as an enemy for the trader. Besides, you will also get insights into how a trader who has very little or zero knowledge in the field of exchange market but knows a lot about psychological control can be on the winning side too.
It will show the author’s personal experience of bad trading and how he recovered from that.
3. The candlestick course
The candlestick Course is a book written by Steve Nison, an author famous for familiarizing the concept of Japanese candlestick in the western market. If you are new and have little experience in the foreign exchange market, this book will be an ideal choice for you.
You will learn how to recognize the relevant candlestick for particular entries and exits. For all the prospective readers out there, this one is a must read for you.
4. How to Start a Trading Business with $500
This one is another masterpiece written by a Heiken Ashi trader. In this book, you will learn how every trader started with a minimal amount of money when they first began their business. It will provide you with a realistic approach to how you can become a full-time trader with less capital.
The fundamental of every business is money management, and you will learn how to do it from this book.
5. Currency Forecasting
This one is one of the best in the market for foreign exchange, written by Michael Rosenburg, an analyst of Merrill Lynch. Traders and analysts have been using this book for a long time now as it has explained all the basic concepts and fundamentals of trading in a straightforward manner.
It is a classic book amongst the other Forex books in the market and will serve as the perfect guide for you.
6. Japanese Candlestick Charting Techniques
This one is a popular book written by Steve Nison and is a good choice if you want to learn about Japanese candlestick charts. You will learn how you can use these along with other technical tools to analyze the technical market. Steve Nison is a popular name in the market and has years of experience in the trading market.
These were the list of top 6 Forex books in the market which can you help in learning the basics of the trading market.
