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Forex books for beginers

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Old 08-03-2018, 17:44
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Default Forex books for beginers

T. Bulkowski Encyclopedia of Chart Patterns
K. Hagerty Day Trading Course
Bill Williams New Trading Dimensions
R. Brealy, S. Myers, A. Marcus Fundamentals Corporate Finance
W. Gann The Tunnel Thru the Air
A. Elder Come Into My Trading Room
J. Piperт The way to trade
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Old 02-05-2018, 11:33
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Default Re: Forex books for beginers

I also can recommend such ones:
Kathy Lien's "Day Trading the Currency Market"
Jim Brown's "Forex Trading: The Basics Explained in Simple Terms"
Lehman Brothers's "Foreign Exchange Training Manual"
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Old 17-07-2019, 14:26
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Default Re: Forex books for beginers

Nice thread!

I love reading trading related books. I can share a tone, but here are only few that are directly related to trading Forex and not other markets:

1. "Reminiscences of a Stock Operator" by Edwin Lefevre
Edwin Lefevre's book focuses on Larry Livingston, who represents a thinly veiled depiction of Jesse Livermore - one of the most famous traders of all time. Readers can follow Mr Livingston on a trading journey that leads through various instances of him being financially broke, and then recovering to amass a fortune each time. Each recovery therein, gives him new strength and a will to finally understand the market's behaviour.

This veiled biography of Livermore recounts his real-life fame for making and then losing several multi million-dollar fortunes while short selling during the stock market crashes of 1907 and 1929.

2. "The Disciplined Trader" by Mark Douglas
Mark Douglas stresses the importance of a proper trading psychology in his book 'The disciplined trader'. He discusses how emotions are always the enemy of a trader, and how, even a trader who has limited knowledge of the technical and fundamental understanding of trading, but who has good psychological control, can ultimately be on the winning side.

The author is not ashamed to admit that he has lost almost everything he owned because of his bad trading decisions. That experience led him to a rigorous self-examination, where he discovered that emotions, especially fear, had made him trade with losses.

3. "The Candlestick Course" by Steve Nison
Steve Nison is famous for introducing Japanese candlestick charting to westerners. His first book ' Beyond Candlesticks' showed some advanced techniques of candlestick charting. However, this book summarizes candlesticks more generally - making it ideal for new and experienced traders. This price action Forex book should be a perfect choice for learning how to identify which candlesticks to use with a system for successful entries and exits. Traders who have studied all the candlestick patterns presented in this book should have an edge in trading. A must read for all prospective traders.

4. ''How to Start a Trading Business With $500'' by Heiken Ashi Trader
Written by a Heiken Ashi trader, many traders begin their business with very little capital. This book gives a realistic way to become a full time trader with limited capital, providing a guidance plan to begin a trading business with capital as low as $500. The core of successful trading is money management, and this book explains how to do so, as well as, how to become a disciplined trader. The book also includes topics such as:

5. "Currency Forecasting" by Michael Rosenberg
"Currency Forecasting" is one the best books on Forex trading. Michael Rosenberg, an analyst of Merrill Lynch, wrote the book, and for a long time analysts and traders have referred to this book as it aligns fundamental and technical analyses in a concise matter to help with trading in the Forex markets. Rosenberg has been able to link monetary dynamics with currency market moves; as a guide for traders to predict Currency Forecasts. Currency Forecasting is a classic among Forex technical analysis books, and should definitely be on your bookshelf!

6. "Japanese Candlestick Charting Techniques" by Steve Nison
"Japanese Candlestick Charting Techniques" is popular with traders who want to learn about candlestick charts, and how they can be used with other technical tools for technical market analyses. Candlestick charting is used by a range of traders in many markets, ranging from Forex, futures, equities, commodities, or anywhere else that technical analysis can be applied to a market. Authored by Steve Nison, who has years of research study and trading in markets, this makes it a good read for traders who are learning Forex trading strategies.

7. "How to Make a Living Trading Foreign Exchange" by Courtney Smith
Courtney Smith outlines the Forex markets and how to trade on them in his book, "How to Make a Living Trading Foreign Exchange". Smith's book details trading strategies for making money on Forex markets, including six key ways to help traders earn a steady income. Smith's rejection rule includes a strategy aimed to double the profit generated from a basic channel breakout system. Smith's book on Forex trading also includes risk management aspects to help with the psychological aspects of trading.

8. "Forex Trading: The Basics Explained in Simple Terms" by Jim Brown
Very suitable for beginner traders, this book covers essential elements of Forex trading. With the basic trading system that is included in the book you can build your own trading strategy. If you are approaching Forex trading as a beginner, and would like to have a Forex strategy book that covers the basics in a very clear manner, go and grab it now!

9. "Trading in the Zone" by Mark Douglas
Author Mark Douglas is a trader, trading coach, and has been a industry consultant since 1982. Mark Douglas professes a "thinking strategy" to be the major feature of being a successful trader. Douglas discusses five elements which might help traders become consistent winners in the market.

'Trading In The Zone' aims to expose the "people factor" in commodity price action, and the lack of consistency in stock selection. It recommends simple exercises for traders to think in a probabilistic way in order to develop a winner's mindset. This publication is littered with examples to help traders have a better understanding of their decisions.

This Mark Douglas classic has had a huge impact on trading and charting styles for many traders. Douglas explains the common dangers of trading and different terms of probabilities. Thinking in terms of odds and probabilities, instead of right or wrong, will help you to understand the market structure better than the average trader. Douglas explains this concept well by saying that "to manage risk and allocate capital more efficiently, traders need to be aware of the catalysts, such as earnings, the fundamentals, and the price action of supply and demand".

10. "Momentum, Direction and Divergence" by William Blau
This book by William Blau is an ideal read for all new and prospective traders. Blau perfectly yet simply describes how most popular oscillators work, including the RSI, Stochastic, and MACD. By reading this book, you may discover very effective and unique ways to measure trend and momentum through MACD as well as divergence. Mr. William has provided the inspiration for all MACD traders, and various trading methods which have inspired traders with new ways of identifying MACD divergence. This Forex trading education book has been the top choice in many lists for top Forex books in 2018.

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Old 22-08-2019, 21:35
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Default Re: Forex books for beginers

Learning is so important and if you are not good with that aspect, it is just next to impossible to reach far. I am always happy to learn and in a business, itís kind of requirement thatís almost necessary. It only helps with a quality broker like FreshForex, as itís awesome with having superb educational setup and many more such benefits. It just makes the working super easy for me in every way.
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Old 04-02-2022, 16:38
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Default Re: Forex books for beginers

There are plenty of courses and tutorials newbies can go through to learn how to trade, or at least learn the basics. Not to mention books and videos that are widely available.
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