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Best Forex Books to Learn Day Trading

By Edited Nov 13, 2013 0 2

A big part of learning Forex trading is education, and anyone who underestimates this is likely to fail. So what Forex book should a person read was starting out and needs extra information to be successful while trading? You can find hundreds of books like these on Amazon, but the truth is, only a handful of them are really worth reading. Here are the ones I recommend the most that are worthwhile and will teach you exactly what you need to know without any extraneous information.

The number one book you need to read when starting out in Forex trading is Forex Patterns and Probabilities by Ed Ponsi. This book is chock full of excellent information on the Forex markets that will give you a new way of looking at various patterns that exist on Forex charts. To be honest, it doesn't really matter whether you're a beginner or expert trader if you're reading this book. You're going to learn a lot and benefit from it in the Forex markets.

Another book I would recommend for the Forex trader would be Beat the Forex Dealer. Here Augustin Silvani gives traders an inside look at the inner workings of the Forex markets. This Forex book gives an honest interpretation of the market rather than offering up a holy Grail system. It even shows how expert traders have even lost hundreds of thousands or even millions of dollars in the market, such as Warren Buffet. If this book doesn't scare you away from trading Forex, it will certainly show you a lot that you weren't aware of.

Finally, take a look at buying Forex trading for dummies. This may seem cliché to be reading another one of these books, but if you're first starting out, you need a lot of education on the basics of the market. Don't underestimate how important this foundation can be to success as a trader. Grab a couple of these Forex books and it will make your life a lot easier in the markets.


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Comments

Aug 16, 2010 2:12am
lordzeal
good article
Sep 19, 2010 11:21pm
scheng1
Good list. Reading these books is just the beginning for success in Forex.
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