In this article, we will talk about the best forex trading books that will help you be successful in the forex market. There are hundreds of books out there about forex trading. You don’t have to read all of them to be successful in the forex market. In fact, the lesser you read, the better because if you read too many books you will get confused.
As you may have heard the saying “knowledge is power”. It’s not exactly true, having the right knowledge is power. When it comes to forex trading, it is important to know the right techniques to make money in the forex market. Also, it is very important to have the correct trader’s mindset.
A trading mindset is all about self-discipline and emotional control. The 3 books we will suggest to you in the article will help with both forex trading strategies and mindset.
These 3 books are all you need to succeed in the forex market. After you read these books make sure to take action.
1. Trading Guide by Axlestreet
Yes, our trading guide is one of the best books out there for learning forex trading.
The trading guide by Axlestreet goes over all the important components of becoming a profitable trader.
These include, how to develop the right profitable trader’s mindset and how to trade using profitable trading strategies. It also goes through all the basic forex knowledge in order to understand the forex market.
The strategies in this guide include, how to use the breakout method, candlestick patterns, and how to properly use technical indicators to enter and exit trades.
It also includes how to calculate things like the risk-to-reward ratio, position size, and many more. The book also provides you with an action plan that you can follow to become a profitable trader.
Also, the book provides you with additional bonus content that will help you to take your trading to the next level.
This is a must-have guide if you want to become a profitable trader. Make sure to get, read it, and take action.
The following guide is the best for building a profitable trader mindset.
2. Trading in the Zone by Mark Douglas
This is the best mindset book on trading out there. It goes through all the things that you need to develop the ultimate trader’s mindset. It goes through things like how to get into the proper state of mind, how to take responsibility for your trading, how to think like a trader, and much more. We highly recommend you to get this book as well. This is a great addition to our trading guide.
You can buy the Kindle version of this book or the audible version. We recommend you get the audible version of the book.
2. Currency Trading for Dummies by Brian Dolan
This is a good book on forex trading for a beginner. It goes through all the basic concepts you need to learn about the forex market. It’s not a bad read for even an advanced trader, it’s a good refresher.
The book goes through how to read the forex markets, forex lingo, and how to make your game plan. This will be a great addition to your forex knowledge.
Conclusion
These 3 books/guides are the only books you will need to become a profitable trader and make consistent profits in the forex market. Make sure to invest in these books. It will cost you less than $100 in total, but you will get so much value out of these 3 books.
We highly recommend you invest in our trading guide and trading in the zone by Marcus Douglas.
If you are interested in learning more about different forex trading strategies make sure to check out our article on the top 3 forex trading strategies for beginners.
