Forex trading books recommendations
Reading advice from experts is essential to learning about the Forex market and profitable business practices. Here are the top 5 books every Forex trader should read.
Forex trading books have valuable information about Forex trading tactics from successful experts; it is a good idea to explore these Forex trading books to grow and elevate your trading skills.
Read our list of the top 5 Forex trading books recommendations by Forex trading experts. Not all these books are necessary directly Forex related, but help you to grow your trader’s mindset to become a better Forex trader.
Rich Dad, Poor Dad (Robert Kiyosaki)
An all-around powerful and popular book for any entrepreneur when it comes to business mindset. It highlights practices concerning a trader’s life and gives advice on how to improve business-related skills. In reviews, many readers discuss an increase in overall success within their business as they gained knowledge on leverage.
Rich Dad, Poor Dad has become a hugely popular book with some powerful lines in it. The way the author talks about perspective gives the reader motivation and drive to look at things in a different light.
The Lean Startup (Eric Ries)
Even though this book is more suited to business and supporting customer needs, it gives the reader some basic principles on how to manage money and avoid pitfalls. Direction is one of the main topics in this book; it teaches you how to steer towards success.
This Forex trading book is advertised as providing a scientific approach to creating and managing start-ups. When you treat trading like a start-up business, you will have a much greater chance of success.
Die with Zero (Bill Perkins)
This book is not as popular as the other books, but it is authored by the billionaire poker player & gas/commodity trader, Bill Perkins. He has amassed serious wealth over many emerging markets which has allowed him to power his lifestyle with leverage.
In his book, he discusses finding leverage and how to prepare yourself for wealth. The book, as suggested in the title, then goes on to emphasise that spending wealth is important. Having too much capital is just as bad as too little, he writes, with his aim to eventually die with zero money and a life full of experience.
Naked Forex (Alex Nekritin & Walter Peters)
This is a great book for new traders who don’t fully understand charts or how to keep trading clean. It teaches you how to decipher the chart patterns while ‘naked trading’ without indicators.
As well as showing you how to keep Forex trading as basic as possible, Nekritin and Peters offer a simpler way for traders to make effective decisions using the technical price charts. The authors are the CEO and president of one of the world’s largest brokerages and a wealth of knowledge.
Forex for Beginners (Anna Coulling)
For those who are completely new to Forex and the technical world of trading, this book will provide well-rounded insight into beginner trading.
Even if you are a few months into Forex trading, using this book to clarify the definitions and terms is a great idea to further understand your basic knowledge. This is not a complete and complex guide to trading, but it will allow you to navigate the basics.