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Reading forex trading books is one of the best ways to learn forex.
Forex trading is hard and easy. So you don’t panic, but forex is one of the most volatile instruments in the world. And its basis depends on the conditions of the global economy and the countries involved. Therefore, caution and caution must be exercised when trading this instrument.
Eit, that doesn’t mean that forex trading can’t be learned. quality book reading Your skills will definitely improve.
Here are 7 recommendations for the best forex trading books for you.
1. Currency Trading For Dummies by Brian Dolan
The first recommended forex trading book is Currency Trading for Dummies from Brian Dolan. Because it was created in a language that is easy to understand. For readers to quickly understand what Forex is. What does it have to do with the country’s economy and so on?
Brian Dolan is a trader and technical analysis expert with extensive experience writing books and articles on the Forex market and finance in general. Therefore, his credibility as a writer and merchant is beyond doubt.
2. Day trading and swing trading in the currency market by Kathy Lien
Day Trading and Swing Trading the Currency Market is a book written by Kathy Lien, a former employee at JPMorgan Chase and DailyFX, who is currently working as Managing Director of FX Strategy at BK Asset Management since graduating from Stern School of Business, New York University in 2012. 1998 Lien has been actively working on the currency market.
in this book He shared basic aspects and techniques. of forex to readers especially new traders in simple language Therefore, it is not surprising that the book is still used as a reference even though it was first published in 2008.
3. Japanese Candlestick Charting Techniques by Steve Nison
You can say that without this book You will never know candlesticks in the world of trading and investing. The book was so important that it was reprinted 13 times and translated into six languages, including Indonesian.
as the name implies This book explains all about candlesticks starting with what candlesticks are. Why can these charts be used in various trading instruments? and various strategies that traders can use to trade using these technical indicators.
Steve Nison is a writer, speaker and technical analyst named Chartered Market Technician (CMT) for his expertise. He often attends seminars and events. Organized by leading media and institutions such as CNBC, Merrill Lynch, The Federal Reserve and World Bank.
4. How to Create Live Forex Trading by Courtney Smith
Do you want to live comfortably using forex trading results as a source of income? Then How to Make a Living Trading Foreign Exchange by Courtney Smith is the right forex trading book for you. This book covers at least 4 topics: trading psychology. risk management Forex Fundamentals and technical analysis
In this book, Courtney discusses many strategies for using technical indicators in detail. So to get complete information from this book. You will have to make a lot of effort and be more thorough.
Courtney Smith is the founder and director of the Investment Mentoring Institute and Courtney Smith & Co., the first institution involved in investment and trading education. while the second institution is involved in asset management.
5. Forex Trading: Basic Information Explained In Simple Terms By Jim Brown
Do you want to start trading forex even if you have no education background in finance or economics? Or do you want to start trading forex but keep going back and forth due to lack of motivation? Then this forex trading book by Jim Brown is for you.
Jim Brown is a professional forex trader with no degree in this field. He first became familiar with Forex trading at a stock exchange in 2002 and also began exploring this new market. learn to trade to various advisors
The results of these learnings and experiences he poured into his book. including this book in this book He talks about topics like forex fundamentals, how to find the right entry and exit points. Trading psychology, etc.
6. How to start trading business with $500 by Heiken Ashi Trader
The sixth best forex trading book is How To Start Trading With $500 From Heikin Ashi Trader (Not His Real Name) This book is only 58 pages thin and is perfect as a pocketbook for anyone who wants to trade Forex with capital. minimum
Why is that? because although some But the topics raised in this book are quite diverse. From how to build positive trading habits to how to trade strategies using good social trading and tips. Unfortunately, this book does not explain how to trade using the Heiken Ashi technique as the author suggests.
7. Forex Money Management System by Don Guy
The key to success in Forex trading and any tool is money management. financial management And this book explains the best way to manage your finances when you do. forex trading.
Don Guy himself has been a professional trader for over 19 years. He created the theories and techniques that he wrote in the book because he suffered a loss while gambling Russian Roulette in Las Vegas in 2001 using the Martingale strategy and found The same mistake in forex trading. As a result, he developed his own theory of money management. which was later shared in this book
Here are 7 of the best forex trading books. Some of the above books are now available as ebooks, audiobooks, and translations into Indonesian. However, some of them are only available in English. Therefore, to understand that sufficient proficiency in English is required.
Despite these obstacles But not all the theory and practice in these books will suit you. Please choose the right strategy based on your preferences and resources.
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