Forex is the biggest financial industry where millions of traders enter and exit every single day. Some win the race but mostly lose it. Like every other career, forex trading requires some intense guidance as well as discipline to find the ultimate success. And for that, many trading experts and professionals have been guiding absolute beginners to understand and take the best out of the market. Here are some of the best trading guide books for beginners that have been ranked at the top of the traders’ lists.
Forex Trading: The Basics Explained In Simple Terms
by Jim Brown
Jim Brown is a full-time forex trader from Queensland Australia, living in Vietnam. With more than 14 years of trading experience in the bag, Brown has been assisting global traders with his educational content and tutorials.
Forex Trading: The Basics Explained In Simple Terms is for people who are interested in trading but know nothing about it. This book gives a clear direction on where to start trading, when to start trading, and how to start trading. This book will give an absolute beginner in the forex trading world a full overview of where he is going to jump in.
Here is an Outline of What is Included:
As the title indicates, this book is oriented toward giving beginners the basics. The author is a self-taught forex trader who became intrigued by currency exchange and its profits at a private gathering for stock traders. The text stands out for Brown’s clear, concise language that, without being condescending, never takes the reader’s knowledge for granted. Some of the basics of trading are covered:
1. The definitions of forex and forex markets
2. Strategies for Entry & Exit
3. Traders’ psychology
4, Instrument to trade in forex
5. Tips: How to choose a broker
6. Risk Management
7. MT4 Trading Guide
THE COMPLETE GUIDE TO FOREX TRADING
by PriceAction Ltd.
Published by a forex signals provider company, PriceAction Ltd. has been serving traders for half a decade. The team of 16 professionals incorporated their decade-long trading experience and knowledge into writing this book.
The book, The Complete Guide to Forex Trading, contains all the theoretical information about forex trading. Any beginner in forex trading can get an overall idea and start trading if they follow the book thoroughly. The book explains how to read the market precisely for an accurate entry and positioning.
The book contains:
1. Basics of Forex Trading : Support & Resistance.
2. How to Read Market Trends
3. Forex trading Analysis: Fundamental & Technical
Japanese Candlestick Charting Techniques
by Steve Nison
Known as the father of modern candlestick trading, Steve Nison writes one of the most read books in the trading world. The Japanese Candlestick charting technique is a very ancient form of charting technique, which can be easily read on a modern-day trading chart. Nison very simply presents hundreds of candlestick technique usage examples in the current market.
This book is an intermediate-level text where traders have some sort of basic idea about trading, they just require a deep understanding of reading, analysis, equiting, and executing trades in the real market.
1. Swing and Day Trader friendly
2. A comprehensive explanation of the old and modern candlestick charting techniques
3. Comparison of western and Japanese candlesticks and how to use them.
Forex For Beginners: What You Need To Know To Get Started And Everything In Between
by Anna Coulling
Anna Coulling is a full-time professional forex trader and author of several books on forex trading, the stock market, and the global financial markets in general. She emphasizes the forces of the forex market, various instruments, and the types of forex brokers and their profit systems in this book.
The core of this book is how to control traders’ risk management and figure out how to ensure steady profit from trading without risking much of the capital. This book is purely for beginners to get good knowledge about trading risks, risk-analysis, managing risks, and controlling unfortunate losses from trading.
Day Trading and Swing Trading the Currency Market
by Kathy Lien
Written by a highly experienced forex market analyst, Kathy Lien, managing director of FX Strategy for BK Asset Management, the book is focused on how to find success in forex trading for the long term. Being a trader, one must understand that the markets’ bigger sharks manipulate the global banks. Banks create great volatility, and sudden changes in the market can cause great losses for retail traders.
That is why Lien takes the burden of educating beginner traders about how to tackle these financial market sharks and how to execute trades to maximize profit. The topics that are emphasized in the book are:
1. Factors in the trading pairs that impact the short and long term
2. Relation between currency pairs and historical analysis
3. Understanding the market
4. Time-tested strategies
5. Technical Analysis & Fundamental Strategies
6. Bank trading and market manipulation
Let the will of Almighty GOD be don Amen
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