FOREX BOOK READING LIST
Below is a list of some outstanding Forex books which we think are worth reading if you are just undertaking Forex trading.
These Forex books are widely available at online book sellers and elsewhere. For convenience, through our association with Amazon.com, you can order them directly from Amazon through the links below.
Warrior Trading provides traders with a path to trading by developing a mentality and emotional framework common to successful traders. Warrior Trading includes an enhanced discussion of technical analysis, and an explanation of how global economic forces are changing and impacting the markets. Filled with in-depth insights and expert advice, this comprehensive guide explains the importance of understanding the market's underlying fundamental and technical reality-letting traders take advantage of those moments when the perceptions of most traders are at odds with the underlying reality to score big in the market.
by Michael Archer, Jim Bickford
Getting Started in Currency Trading is both an introduction and reference tool for beginning and intermediate foreign exchange (Forex) traders. This information-packed resource opens with a description of the Forex market and a section of clearly defined Forex terms with examples. You'll learn how to open your own trading account by following step-by-step instructions and numerous screen shots that show you what expect inside a dealer's trading platform. You'll walk through the physical process of placing and liquidating currency orders. Later chapters introduce various trading strategies and tactics in detail, along with some fundamental and technical analysis that will help you win in the exploding foreign exchange trading market.
by Kathy Lien
The currency/foreign exchange (FX) market is by far the largest financial market in the world, with trading volumes surpassing $1.9 trillion a day. Although primarily dominated by a worldwide network of interbank traders, a new era of Internet-based communication technologies has recently allowed individual investors to gain direct access to this popular—and profitable—market.
Written by Kathy Lien—chief strategist for FXCM—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency/FX market, and provides a more detailed look at how this market actually works.
Forex Revolution : An Insider's Guide to the Real World of Foreign Exchange Trading (Financial Times Prentice Hall Books)
by Peter Rosenstreich
Foreign currency exchange—"Forex"—is today's #1 new investment opportunity. Revolutions in technology, regulation, and globalization have made Forex trading accessible to every active investor. Only one thing has been missing: An objective, clear "user's guide" to Forex trading. Now it's here—and it's in your hands.
Simply and clearly, Forex Revolution reveals everything you need to know to trade Forex hands-on—from fundamental and technical trading strategies to the unyielding discipline that's essential to success.
In this book, Peter Rosenstreich brings together insider techniques from all over the industry: Traders, banks, Forex firms, even the National Futures Association. You'll find expert guidance on everything from handling 24/7 markets to profiting from the emergence of China.
The foreign currency market is the largest financial market in the world, and foreign exchange trading is quickly becoming one of today's most high-profile, potentially lucrative markets. One problem is that books on the topic are complex, technically dense, and difficult for Forex novices to grasp.
FOREX Made Easy is the first book to approach the topic in a detailed yet accessible style, gradually and deliberately moving from simple to complex in easy and natural language. Author James Dicks draws upon his trading knowledge to give readers only the information they need, from setting up a workstation to trading electronically.
by Raghee Horner
An in-depth how-to look at Forex trading using the methods, analysis, and insights of a renowned trader, Raghee Horner. As the fate of the dollar against foreign currency generates both anxiety and opportunities, currency trading has been drawing much interest and a growing following among traders in the United States. The Forex market is particularly attractive for investors because it trades with no gaps and has unlimited guaranteed stop-losses. The liquidity of the Forex market and worldwide participation makes for more reliable and longer lasting trends as well. Raghee Horner has become legendary not only as a top Forex trader but as a master teacher of trading systems and techniques. Drawing on her winning tools and methods, including classic charting techniques, this book enables a trader or investor of any skill level to understand how the Forex operates and lays out a blueprint for getting starting in this little-understood but high-potential trading vehicle.
An Introduction to Foreign Exchange & Money Markets (Reuters Financial Training Series) (Hardcover)
The Reuters Financial Training Series An Introduction to Foreign Exchange & Money Markets A new concept in financial education training, An Introduction to Foreign Exchange & Money Market is guides novices through the intricacies of the world's wealthiest capital exchange markets. This book sets out to give a clear understanding of how and why these markets function, and explains the associated jargon. Readers will be able to take a more detailed look at Money Market and Foreign Exchange instruments and will be able to examine, in particular, the parameters which must be defined in order to place a value on these instruments, together with basic valuation techniques.
A Foreign Exchange Primer(Hardcover)
by Shani Shamah, Shani Beverly Shamah
This book sets out to introduce the novice to the practical skills necessary to understand the foreign exchange market today. A Foreign Exchange Primer provides a clear understanding of how this market functions, from the main products through to the techniques used, coverage of the main participants, details of the various 'players' and an understanding of the 'jargon' used in everyday dealings.
This concise, highly accessible primer is ideal for anyone new to or wanting to become involved in the foreign exchange market, from a dealing room or sales perspective through to the novice investor.
Currency Trading: How to Access and Trade the World's Biggest Market (Hardcover)
by Philip Gotthelf
Expert trading veteran Philip Gotthelf provides a comprehensive guide to currency speculation aimed toward the average investor. Combining fundamental and technical analysis, this book attempts to teach traders how to take advantage of fluctuations within the currency markets . Currency Trading takes the latest developments in the FOREX market and provides readers with a trading plan.
What Drives Currency Markets (Paperback)
by Brian Kettell
Provides a comprehensive guide to understanding the complex world of foreign exchange markets, and expectations about the impact of indicators, combined with the concept of market sentiment. Day by day, hour by hour, minute by minute, the currency markets move up and down largely in line with factors not taught in business schools, universities, or textbooks. What Drives Currency Markets provides a comprehensive guide to the complex and often misunderstood world of foreign exchange markets.
An in depth look at the tremendous potential of this vital market with expert advice from one of the foremost authorities. The foreign exchange market is the world's largest and fastest growing financial terrain. Despite its high trading volume, it is also a market little understood and little regulated. This definitive resource brings the universe of foreign exchange within reach of every investor. The revised edition includes complete comprehensive coverage of the euro and the latest historical and economic changes in the market. Cornelius Luca, a renowned authority on international investing, draws on the insights of leading experts in diverse fields of specialty to explain every crucial aspect of foreign exchange.
Non - Forex Trading Books
How to Make Profits In Commodities
by W.D. Gann
An excellent book on trading psychology and money management rules. A must for any trading library.
by Steve Nison
Japanese Candlestick Charting Techniques, 2nd Edition, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language, the author’s years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market. It has been thoroughly updated to include:
* New techniques and strategies
* The author’s concept of the Convergence (when a series of signals converge at one zone, thus increasing the chances for a market turn from that area)
This new edition broadens the book’s focus and all new updated charts, and information on several new areas such as day trading and how candlestick charting can be used to improve returns and help decrease market risk.
It includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques.
Whether you are new to candlestick charts or a seasoned pro-the reward will be immediate and long lasting.
Trend Following: How Great Traders Make Millions in Up and Down Markets
by Michael W. Covel
Trend following is an opportunistic trading strategy that calls for buying high and selling low—the exact opposite of Wall Street’s long favored buy and hold approach. Challenging much of the other conventional wisdom about trading, trend following uses simple and basic, yet widely misunderstood, concepts of recognizing and capturing the majority of a trend, up or down, for profit.
In the book, Michael Covel breaks down the core principles of trend following, which is a type of technical analysis designed to win profits by focusing solely on following trends in market prices-in any market. It demands strong self-discipline to follow precise rules instead of hunches, "common sense" or fundamental-based forecasting models. To reinforce his points and offer proof of trend following's success, he frequently quotes, profiles and charts the trading results of such hugely successful trend following traders as Bill Dunn, Ed Seykota and John W. Henry, the billionaire owner of the Boston Red Sox.
Trade Like Jesse Livermore (Wiley Trading) (Hardcover)
by Richard Smitten "
Although he began his career in 1892, Jesse Livermore is still considered to be one of the world's greatest traders. In life and in death, Livermore has always been a controversial figure and his methods held up as a model for traders of all generations. Through 45 years of trading and market observation, Jesse Livermore determined that stocks and stock markets move in a series of repetitive patterns. He then developed a series of unique tools, using secret formulas and equations that allowed him to identify and interpret the movement in stocks with uncanny reliability. In Trade Like Jesse Livermore, author Richard Smitten explores the technical aspects of Livermore's trading approach and shows readers how they can use these techniques to garner the success Livermore once did. Trade Like Jesse Livermore covers every aspect of Livermore's trading methods, from discerning market behavior and trends such as top-down and tandem trading to paying close attention to indicators such as one-day reversals and spikes.
Where Are the Customers' Yachts? or A Good Hard Look at Wall Street (A Marketplace Book) (Paperback)
by Fred Schwed
"Once I picked it up I did not put it down until I finished . . . What Schwed has done is capture fully-in deceptively clean language-the lunacy at the heart of the investment business."-From the Foreword by Michael Lewis, Bestselling author of Liar's Poker
This hilarious portrait of everyday Wall Street and its denizens rings as true today as it did when it was first published in 1940. Writing with a rare mixture of wry cynicism and bonhomie reminiscent of Mark Twain and H. L. Mencken, Fred Schwed, Jr., skewers everyone including himself in his brilliant send-ups of bankers, brokers, traders, investors, analysts, and hapless customers.
"How great to have a reissue of a hilarious classic that proves the more things change the more they stay the same. Only the names have been changed to protect the innocent." -Michael Bloomberg President, Bloomberg, LP
Come Into My Trading Room: A Complete Guide to Trading (Hardcover)
by Alexander Elder
Offers a complete introduction to trading essentials and an overview of trading psychology, both individual and mass psychology of the markets. Provides a step by step guide to risk control and money management.
Entries and Exits: Visits to 16 Trading Rooms (Paperback)
by Alexander Elder
Dr. Alexander Elder leads readers into 16 trading rooms where they meet traders who open up their diaries and show you their trades. Some of them manage money, others trade for themselves; some trade for a living, others are still on the semi-professional level. All are totally serious and honest in sharing their trades with those who would like to learn. Readers will meet American and international traders who trade stocks, futures, and options using a variety of methods. All are normally very private, but now, thanks to their relationships with Dr. Elder, readers can see exactly how these traders make their decisions to enter and exit trades. Each chapter of this book illustrates an entry and an exit for two trades, with comments by Dr. Elder. Readers are sure to pick up useful insights, techniques, and methods. With this book as their guide, traders can get closer to mastering the key themes of trading–psychology, tactics, risk control, record keeping, and the decision-making process.
Technical Analysis of the Financial Markets A Comprehensive Guide to Trading Methods and Applications
by John J. Murphy
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
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.
by John J. Murphy
Praise for INTERMARKET ANALYSIS "John Murphy has done it again. He dissects the global relationships between equities, bonds, currencies, and commodities like no one else can, and lays out an irrefutable case for intermarket analysis in plain English. This book is a must-read for all serious traders." -Louis B. Mendelsohn, creator of VantagePoint Intermarket Analysis software "John Murphy's Intermarket Analysis should be on the desk of every trader and investor if they want to be positioned in the right markets at the right time." -Thom Hartle, President, Market Analytics, Inc. (www.thomhartle.com) "This book is full of valuable information. As a daily practitioner of intermarket analysis, I thought I knew most aspects of this invaluable subject, but this book gave me several new ideas. I thoroughly recommend it for beginners and professionals." -Martin Pring, President of Pring.com and editor of the Intermarket Review Newsletter "Mr. Murphy's Intermarket Analysis is truly the most efficient and unambiguous way to define economic and fundamental relationships as they unfold in the market. It cuts through all of the conflicting economic news/views expressed each day to provide a clear picture of the 'here and now' in the global marketplace." -Dennis Hynes, Managing Director, R. W. Pressprich "Master Murphy is back with the quintessential look at intermarket analysis. The complex relationships among financial instruments have never been more important, and this book brings it all into focus. This is an essential read for all investors." -Andrew Bekoff, Technical Strategist, VDM NYSE Specialists "John Murphy is a legend in technical analysis, and a master at explaining precisely how the major markets impact each other. This updated version provides even more lessons from the past, plus fresh insights on current market trends." -Price Headley, BigTrends.com, author of Big Trends in Trading