If you are thinking of venturing into the Forex market, the best way to learn to trade is to read some relevant books. You get all kinds of subjects covered in Forex trading books. This article will review the top five best-selling Forex trading books to date. All five are highly recommended by expert traders, who have made fortunes in this business.
Forex Trading Using Inter-market Analysis
This book explains the general dynamics of the exchange market, which is considered to be the world’s largest and the most widely traded financial market. It also provides information on the application of inter-market analysis to the Forex market. This book equips you with the knowledge that will help you understand and anticipate the changes in the trends and directions, and take actions accordingly. You will learn the influences that other markets have on the Forex market. It also lays emphasis on how all the various financial markets have become interconnected, and how they affect each other in today’s global economy.
Day Trading the Currency Market
This book has the distinction of having been recommended by few of the top most traders of the Forex market. It is known for its ease of language while explaining currency trading. It also includes practical tips that are derived from the experiences of famous forex traders. Day Trading is not just helpful for the beginners, but it provides valuable insight even to the experienced traders who can improvise on their strategies, reading the experiences in the book. Reading this book will save you a lot of money that you would otherwise spend in taking expensive trading lessons.
Written by Michael Rosenberg, Currency Forecasting is one of the most authoritative works on the subject of currency forecasting to date. It covers each and every method and aspect of rate forecasting. Regarded as one of the best Forex trading books available today, it provides a detailed analysis of the various indicators of the fForexmarket and their consequent effects on it. These indicators include purchasing power, parity and interest rate differentials and many others. Another important aspect that this book covers is the risk management and how a forex trader can reduce the element of risk in his trade.
Foreign Currency Trading
This book explains Forex trading as a business, which makes it all the more easier for readers to understand and implement. Foreign currency trading is like a dictionary of Forex trading that explains all important terms, rules, and regulations that govern this market. Many regard this as one of the best forex trading books, majorly because of the simplicity of language and ease of interpretation.
Technical Analysis Applications in the Global Currency Markets – Second Edition
This book is helpful for those who find interpreting charts and figures easy. Pictorials make learning a lot more fun, and this book provides exactly that. Filled with analytical graphs, it provides analysis of various Forex market situations for you to get acquainted with them.
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