Forex Trading can be challenging even for the most experienced traders. The best thing is that there are so many books and online resources where those in this business can glean great lessons from every once in a while. From the basics to how to come up with great strategies, there are a lot of books on pretty much every aspect of Forex Trading. Currency trading calls for strategy even on basic things such as the right time to trade to make a kill when your competitors least expect it.
Great Books to Get You Started
Currency Trading for Dummies:
Author: Brian Dolan
This is one of the best in the market so far for anyone trying to master the art of Forex Trading. The language used is easy, and every little detail about Forex Trading is explained in clear, crisp language. It also has great tips for experienced traders looking for fresh ideas. It was originally published in 2011.
Day Trading and Swing Trading the Currency Market:
Author: Kathy Lien
Kathy is a prolific author in this field. She boasts of a great wealth of knowledge in Forex Trading and her CV as currency analyst speaks of her experience as an authority in this area. The book has delved into the most basic aspects of trading in addition to great insights on the strategies professional traders use every day in their work. This is a great book for both beginners and experienced traders.
Japanese Candlestick Charting Techniques:
Author: Steve Nison
Nison is famous for introducing the candlestick charting technique, which has been instrumental in speculating and hedging among many other uses in the Forex market. The book gives a step-by-step guide on how to use the tool. If you are interested in raising your trading to the next league, this is the book for you.