Many individuals want to learn how to trade various assets before getting into the real markets and trying their luck. But, unfortunately, there are no colleges or universities to acquire trading skills, whether you want to venture into forex, stocks, commodities, cryptocurrencies, and more.
Worry not, though, because fortunately for you, many trading books can equip you with the right skills in trading any asset you desire. So, how can you identify the best trading books with all the information you need?
We went out of our way to research online trading books by reviewing as many as we could. We discovered that some have extensive and detailed information that you need to get started. All the best trading books are recommended in this guide, so whenever you are ready, let’s get right into it.
In This Guide
Currency Trading for Dummies
This book was written by Brian Dolan, who has over two decades of experience trading the currency markets. He is also a frequent commentator in major news media, making him an author with vast experience in the currency markets.
The Currency Trading for Dummies book is a user-friendly and easy-to-read book with extensive information on how the currency markets work and how to become part of it. This includes tips to identify the currencies, analyse the forex markets, and use broker tools to have increased profit potential.
With this book, you will get to know about forex trading so that you can get started on a good note. The most exciting part of the book is that the author keeps updating it with the latest forex trading trends. This ranges from the major economic drivers that influence currency value to the latest trading styles to help you develop an excellent currency trading plan.
Whether you are a newbie in the currency trading industry or a frequent trader looking for ways to diversify your portfolio, the Currency Trading for Dummies book will prepare you for success.
Day Trading and Swing Trading the Currency Market (3rd edition)
Another book that you should consider looking into is Day Trading and Swing Trading the Currency Market. Like other best trading books to get you started in the currency market, the author keeps updating it with the latest currency market trends and strategies to help you be the best currency trader.
This book was written by Kathy Lien, who is the co-founder of BKForex.com. Her career in financial markets makes her knowledgeable about trading, which guarantees that any information in this book is accurate and beneficial.
The third edition of this book has the most up to date forex market behaviours. You will also learn how to use analysis and statistical tools to create a robust trading strategy. Kathy targeted all traders as the audience for this book. It is comprehensive and easy to read, providing a detailed explanation of how to manoeuvre the currency markets.
Note that the forex markets are the most actively traded, and now that online brokers are offering traders access to interbank foreign exchange, learning this sensitive trading section can do you good in your trading strategy. With this book, you will get equipped with the best information to develop a trading strategy to trade successfully.
The Black Book of Forex Trading
Paul Langer wrote this book, which was originally published in April 2015. He is a full-time trader for over eight years, and all the trading tips he lists in this book are actually what he applies in his trading activities. With this book, you will gain the proper knowledge to venture into the currency markets.
Paul Langer’s main focus in this book is how to manage your trades, even though there are also tips to get you started. In addition, you will know more about risk management controls and trade planning, which are essential elements when trading.
Any trader trying to venture into the forex markets will want to learn the basic currency trading strategies to increase their potential for profit. The Black Book of Forex Trading contains information on the latest trading strategies and tips on handling the analysis tools.
From our review, The Black Book of Forex Trading is easy to read and understand, making it beginner-friendly. Intermediate traders will also gain extra knowledge to build their skills. So, use this book to get the right insight about forex trading before venturing into the real markets.
The Little Book of Currency Trading: How to Make Big Profits in the World of Forex
Kathy Lien also wrote the Little Book of Currency Trading. Being the Co-founder of BKForex.com makes her one of the best authors in the trading industry. Her extensive knowledge and experience in the currency markets guarantee that this book will provide you with proper guidance.
The Little Book of Currency Trading lets you know tips and tricks for making profits when trading currencies. Since forex is the biggest trading market, the book will show you how to take advantage of multiple opportunities in the forex markets. This includes market trends, whether long or short and other ways to trade forex such as CFDs and ETFs.
The book also explains factors that drive global currencies and what you can do to profit. You will also know how to approach forex trading and use risk management controls to mitigate losses, if any.
That being said, if you are a beginner looking for tips to enter into the currency markets or an intermediate trader looking to gain more skills, The Little Book of Currency Trading is worth reading. Rest assured that after completing this book, you will be equipped with the proper knowledge to venture into forex and have an increased potential for profits.
Forex for Beginners: What You Need to Know to Get Started
Individuals wanting to test the currency markets require the right guidance. Although you will hear that many currency brokers offer learning resources, you still need extensive information about forex trading before looking for a broker. The Forex for Beginners book has the correct information for amateur traders.
The book was written in simple language that is easy to understand for any individual. Anna Coulling, who is the author and an active trader for up to two decades, explains everything about forex trading. From our analysis, it is one of the best books on trading currencies.
Some of the essential information you need about trading forex is how to analyse the currency markets. You must also understand the factors that affect the currencies to come up with a great strategy. Additionally, you will also want to learn other methods of trading currencies such as CFDs and ETFs. All this information will be found in Anna Coulling’s book, Forex for Beginners.
Ultimately the Forex for Beginners book can be read and understood by all traders. The information included in the book is straightforward, making it easier to grasp what’s relevant in forex trading and enter the markets with confidence.
If you haven’t read this book, it’s time to do so and start trading like a professional. You will also discover that forex trading is one of the most profitable and fun activities with the right mindset and strategy.
Conclusion
Now that you have the best books for forex trading to choose from, ensure that you consider your level of experience in the forex market before selecting one. Do not get started in the currency markets with no extensive knowledge. Your goal is to become a better version of what you are, so try our recommended books, and you won’t regret it.
One Reply to “Best Trading Books in 2024”
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25,000 hours of testing 70+ brokers. Our recommended broker is Plus500.
Our recommended broker is Plus500.
Trading can fetch you good returns if done strategically! Good luck, guys