10 Best Forex Trading Books (2022 Update)

As a trader, the biggest challenge is to keep you updated with the forex trading strategies and Forex Books can provide you with successful trading strategies.

In this book, we will share our pick of the top 10 Best Forex Trading Books. Let’s get started.

Forex Trading: The Basics Explained in Simple Terms by Jim Brown

Jim Brown is a successful Forex-Trader and he is also the author of several Forex Books. Forex Trading by Jim Brown is one of the best Forex Trading books and it is highly recommended for beginners as it provides the accurate guidance and foundations of Forex Trading.

The author also explains the principles and concepts of forex trading in simple language which is ideal for beginners. The author also provides examples that traders encounter in daily routine which is great for practical understanding.

The Disciplined Trader by Mark Douglas

The Discipline is another great Trading Book for beginners as in this book the author explains how he lost almost everything he owned due to bad trading decisions.

This experience led him to rigorous self-examination and he discovered that his emotions especially fear led him to bad decisions.

In this book, the author stresses the importance of proper trading psychology and explains how emotions are always the enemy of a trader.

The author also explains how a trader with limited technical knowledge can make good financial decisions with good psychological control. If you are new to Forex trading then this book is a must-read for you.

The Death of Money by James Richard

James Richard is an American lawyer and gold speculator. In this book, the author explains that the US Dollar has been the centerpiece of the world economy and its performance has a ripple effect on the financial condition of other countries around the world.

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The author also explains how the 2008 Global Financial Crisis haunts the US Economy. The author also advocates for Gold by saying that Gold is the only “true money”. This book will help you to understand the basic financial principles and the economic situation around the world.

How to Start a Trading Business with $500 by Heiken Ashi Trader

The biggest challenge for new traders is to raise their capital and this is a great book for new traders as the author explains how to become a full-time trader with limited resources.

In this book, the author provides step-by-step guidance on how to approach trading business with limited capital.

The author also discusses the other aspects of the trading business which will help you to become a successful trader. It is a must-read book for new traders, we recommend it.

Currency Forecasting by Michael Roy Rosenberg

Currency Forecasting is one of the best trading books and it is considered the most authorities work on this subject.

It is authored by Michael Roy Rosenberg, an analyst at Merrill Lynch, and in this book, the author explains all major methods for currency forecasting.

This book also provides detailed theoretical discussions on the strategies used by top traders. If you want to have a good understanding of Currency Forecasting then this book is for you.

Forex: Using Fundamental Analysis & Fundamental Trading Techniques to maximize your gains by Dave Matias

It is one of the best trading books and it emphasizes the importance of Fundamental Analysis in the FX Market. Fundamental Analysis is the base of trading and the author provides practical knowledge which you will be very useful.

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The author also busts different myths of fundamental trading and also describes how Macro and Micro events influence the market.

The author also explains the related topics like currencies and bonds etc. If you want to have a good understanding of Fundamental Analysis then this book is a great resource for you.

Foreign Exchange Option Pricing: A Practitioner’s Guide by Lain J. Clark

Foreign Exchange Option pricing is a great book as it provides a unique perspective from the point of view of the finance practitioner.

In this book, the author introduced many commonly requested products from FX options trading desks along with the models that capture the risk characteristics to accurately price these products.

The author also connects the mathematically rigorous theory with a practice that is great for beginners. It is one of the best forex trading books and it is a must-read for beginners. We recommend it.

Momentum, Direction, and Divergence by William Blau

William Blau is a successful trader with expertise in momentum Indicators. Momentum, Direction, and divergence are the three main components of all technical indicators used in the analysis of stock and commodities trading.

In this book, the authors explain all three components in great detail combined with the latest financial information and stunning graphics.

The author also explains several related concepts which will help you to grasp the full understanding of the subject.

The Black Book of Forex Trading by Paul Langer

The Black Book of Forex is one of the best forex trading books which is perfect for beginners as well as intermediate traders. This book will provide you with a deep understanding of Forex Trading which will help you to become a successful trader.

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This book will help you to construct a winning strategy, ways to optimize and maximize gains and also take control of your emotions while executing.

The author also explains the tactics to become a successful trader in 4 months. If you are a beginner in trading then “The Black Book of Forex” is a great book for you.

The Sensible Guide to Forex by Cliff Wachtel

The Sensible Guide is a great book for mainstream investors who want an effective way to tap forex markets to improve their returns.

The book focuses on reducing the risk for traders and for long-term investors is concentrate on hedge currency risk by diversifying portfolios.

The author also emphasizes planning and executing only low risk yet high potential yield investment.

The author also uses illustrated examples and online resources to help you understand the subject. It is a must-read book for those traders who want to have advance level trading skills.