Forex trading books best sellers
Not everything will be relevant or necessary to your trading style. Books are about the best place to build a specific body of knowledge as opposed to internet resources. A book that has been out for an extended period of time, will have been read and probably reviewed by several other people. You can quickly eliminate the sub-par books by researching reviews on them.
Plus it takes quite a bit more effort to write a book than it does to write a website or a blog article. Not everyone is going to take the time and effort to do it properly- particularly if they are just in it for quick money or to sell you some software or automated trading robot.
New traders have to start somewhere. It's a great platform to start learning how the market works, driving factors, and how to effectively trade. Advanced traders may not take much from it as is implied from it being a 'for Dummies' book, but it may be worth a look to refresh the basics if you've hit a downswing in performance.
This book also offers an excellent, easy to understand introduction to fundamental analysis. Psychology and the mind are the greatest hurdles to overcome in successful trading. It provides insight on looking past the perceived randomness to make accurate assessments of trading risk based on fact.
The misconception of successful forex trading being purely random sabotages the success of many new traders. If you haven't yet found a strategy that speaks to you; this offering from Kathy Lien may be worth a strong look. Kathy presents a number of strategies for longer time frames that span both types of analysis. Her book differs from others in that it does not rehash the essential basics while only briefly touching on the strategies. The focus is more on the strategies where it should be.
This practical book touches on many important areas for the forex trader such as forecasting and understanding the market, charting methods, insights from an experienced trader, and risk management. As a guide, it's a great platform for the new trader or for an experienced trader to add to their toolbox.
This book is specifically built for the risk-adverse trader. It is written with retail and long-term traders in mind rather than being splashed with material aimed at professionals.
The psychology game is an important one to win in forex trading. Brett Steenbarger addresses many psychological points and corrects misconceptions in this piece of work.
His body of knowledge on the challenges traders face does come from his own mentoring and coaching activities. It should be noted that this book may not provide a great value to retail traders who do not have the same body of resources that an institutional trader may have through their company. Jack Schwager has done a couple different "Market Wizards" books that are collections of interviews with successful traders. These books are an interesting glimpse into the personalities and approaches of several successful traders.
They may not provide active tutorial or pure educational material; but there is a lot to be learned from those that walked the road ahead of you. Each of them will help you become more successful as a forex trader.
Written by Kathy Lien—chief strategist for the number one online currency broker in the world—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this market actually works. It contains actionable information and strategies, which can help you enter this highly competitive arena with confidence and exit with profits. What separates the world's top traders from the vast majority of unsuccessful investors?
Interviews with Top Traders, now in paperback and ebook. This classic interview-style investment text from a financial expert is a must-read for traders and professional financiers alike, as well as anyone interested in gaining insight into how the world of finance really works. Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.
Excellent selection for anyone wanting to make a living trading. Filled with simple explanations to a very complicated subject. There is no "pie in the sky" stuff that you find in many trading books. Lots of straight talk and specific examples. Book contains lots of plans for set-ups and trading structure that most traders at any level need. This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets.
Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets.
Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior. A form of technical analysis, Japanese candlestick charts are a versatile tool that can be fused with any other technical tool, and will help improve any technician's market analysis.
They can be used for speculation and hedging, for futures, equities or anywhere technical analysis is applied. Seasoned technicians will discover how joining Japanese candlesticks with other technical tools can create a powerful synergy of techniques; amateurs will find out how effective candlestick charts are as a stand-alone charting method.
In easy-to-understand language, this title delivers to the reader the author's years of study, research and practical experience in this increasingly popular and dynamic approach to market analysis.
The comprehensive coverage includes everything from the basics, with hundreds of examples showing how candlestick charting techniques can be used in almost any market.