Learning forex trading is not as complicated as others may think. In fact, techniques can easily be learned if one has the desire and patience to know the intricacies of this kind of trading. For beginners and for those who want to enhance their learning experience with foreign exchange trading, the following books might prove to be a useful guide:
1. “Currency Trading for Dummies” written by Brian Dolan and Mark Galant
A total novice in the concept of forex trading may find this book to be helpful because it gives a clear and concise overview of how the foreign exchange market works. Further, it offers some valuable tips regarding the technical side of forex trading, including other basic and technical concepts that need to be learned. Indeed, a highly recommended book for beginners.
2. “The FX Boot Camp Guide to Strategic and Tactical Forex Trading” by Wayne Mc Donnel
This book is a consolidation of the valuable methods which the author used to teach online. It shows that one can become adept or skilled in forex trading if one has a strong desire to learn. Also, you can check out the binary options learning guide to learn more about Other important topics, such as making trading plans, risk analysis, and how to acquire the right attitude on how to become a successful trader are also available in this book.
3. “A Step-By-Step Guide to Amassing a Fortune Trading Foreign Currencies” which was written by Jeff Glenellis
This is the best book for those who want to start with low capital. Capital is said to increase or grow within 3 years if you follow the step-by-step blueprint of the author. It may sound too good to be true, but with the author’s advice, one might just be able to do it.
4. “A Self-Study Guide to Becoming a Successful Currency Trader” written by Abe Cofnas
The book is easy reading for starters. Readers will be informed about the fundamentals and the basics of forex trading, including the techniques involved in acquiring the skill of technical and fundamental analysis in trading. The book was prepared in a dialogue or conversational tone, which is just right for its intended readers.
5. “Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves” by Kathy Lien
Another must-read for beginners, this book has been specially designed for those who are deeply interested to master the fundamentals of swing and day trading in the forex markets. This book offers a short and snappy explanation regarding the preparation of trading. Additionally, it explains in simple layman’s terms, the fundamental and technical analysis of forex trading.
6. “The Complete Turtle Trader” which was written by Michael Covel
This book is about a team of neophyte traders who were taught the right trading techniques by two men – William Eckhardt and Richard Dennis. The latter had conflicting views of whether people can be taught to invest for profit as against the innate ability to invest. In the end, however, it showed that the efforts of Dennis and Eckhart were effective because their students learned the approach for making big money in the forex market.
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