Business & Finance Finance

Currency Trading Books For You

Books, books books! What else is of great help than books or eBooks (if you are a tech savvy trader)! There are all kinds of books to enrich your mind, and if you are into trading, or, planning to dive into the unknown waters of ForEx trading, you will definitely need a guide to make it.

The books below are just some of the several currency trading books that you may want to check out and read. These books can teach wannabe traders the concepts of trading, instill the correct frame of mind to succeed in the game, inspire discipline to create trading plans, and of course, train you money management techniques.

The titles below are listed in random order:

Currency Trading for Dummies – A great guide for rookie traders! It talks about what factors that make the market tick. It is also a simple and helpful ally for newbie traders to be able to choose a trading broker, how to minimize risk, and maximize profit.

Day Trading the Currency Market by Kathy Lien – In this book, Kathy Lien discusses basic principles of trading, analysis and managing one's money to traders new in the business. This is also a helpful book for the pros in trading who want to organize their knowledge. The book has explanations about different connections among the currency market and other financial markets. In addition, it includes currency and currency pair.

Trading in the Zone by Mark Douglas – is one of the best currency trading books you will find. It helps the trader achieve the right mindset. It is about psychological problems in trading and how to overcome these problems using the right methods.

Trade Chart Patterns like the Pros by Suri Duddella – is all about chart, chart patterns, and how to read it like a book. It is about trading using just the chart patterns without the help of indicators. It contains 65 chart patterns. Entry and exit conditions are provided for each pattern to give the trader helpful tools in creating one's strategy.

Trading for a Living by Alexander Elder – shows the most common errors that traders commit. It helps the traders how to prevent committing these errors and to achieve the right attitude in currency trading.

The Candlestick Course by Steve Nison – is a handbook about candle charting and trading. The author believes that candlesticks show trends better than the common bar charts. The book helps the trader to understand the patterns whether it be for commodities, stocks, or ForEx.

Mastering the Trade by John F. Carter – tackles not only the right approach and other topics related to trading, but also provides hardware and software for trading, scalping, trading on the market opening gaps, and pivot points. This book will help both novice and pros.

7 Winning Strategies for Trading ForEx by Grace Cheng – is a strategy book appropriate for new traders. Since it is about strategy, basic knowledge in charts and process is required. Seven technical and essential ForEx strategies are provided, with details, guidelines and recommendations.

In ForEx trading, like anything else, all one has to do is to learn and apply. Just go out there and get currency trading books that would help you succeed. It is recommended though to check out synopses and reviews of the books you wish to avail before getting one.
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