Learning to trade the markets with any asset can be daunting, especially with SO many books available.
What many people don’t know is that you can learn how to trade the forex markets and apply the exact same principles to trading the stock markets (and vice versa!).
That is one of the main reasons why so many people struggle to find a good forex trading book to sink their teeth into and come out the other end a better trader.
There are hundreds of books out there, but the main question is – which is the best forex trading book?
The answer: none – there is no single best forex trading book.
The combination of ideologies, strategies, and processes will make you a better trader.
The books we have in this list cover every aspect of forex trading.
Most of the authors are credited, long-term, profitable investors – that don’t sell courses online.
This is where the beauty of reading the books on this list:
You can literally gain an incredible insight into some of the best traders that ever existed.
So we have listed the 15 best forex trading books below for you to add to your library and get some of the best insights from the very best traders.
These books are on Amazon, so if you fancy having a full read – go ahead and click the links.
Best Forex Trading Books For Beginners
These books are aimed for anyone who has yet to grasp the core concepts of forex trading and wants a book for a starting point.
Admittedly, you should just view our free forex course if you want the basics and a good understanding.
Other than that, if you want a book to put on your bookshelf or take away on holiday to read, these are the best forex trading books for beginners.
Currency Trading For Dummies
Currency Trading For Dummies breaks down the fundamentals of forex trading in their world-renowned way.
You can expect to pick up the basics here and is a great starting point. Yet the information contained here is pre-understanding strategies, methodologies, and concepts of trading the forex markets with your money.
In other words:
This is the theory test, before the practical driving test.
The language used is down to earth and easy to process, whilst making it light humor to learn the process of trading forex.
Overall, this book is perfect for those who want an introduction to the forex markets.
Forex For Beginners
This book covers some of the core concepts and cleverly breaks down the jargon into understandable chunks.
Although this book is for beginners, you do get thrown into the deep end and touch on trading approaches such as the Volume Price Analysis and risk management.
A good book for those looking to have an easy introduction to trading forex.
Best Forex Trading Books For Technical Analysis
In this section we will list the best forex trading books for technical analysis, these books focus on strategies, methodologies, and how to trade the forex markets.
Most of these books will overlap, but by reading them all will deepen your understanding of how technical analysis works and how to manipulate trading data and price action.
Here is our selection of the best forex trading books for technical analysis:
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
This is a mammoth of a book on technical analysis and should be a cornerstone of any trader’s library.
The author, John J. Murphy is a highly respected technical analyst who’s been a figurehead in the markets on the subject.
This book is huge and is essentially an extremely detailed glossary of all technical patterns and indicators.
If there is ever going to be an investment in a technical analysis book, then this is it.
Bollinger on Bollinger Bands
A book from the creator of the Bollinger Bands. He explains in-depth the use of how Bollinger Bands are meant to be used and how to take advantage of them
It’s rare that you can get a peek behind the curtains of how something works in the trading world, so this book is certainly worth a read!
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading
Don’t let the title throw you, this book’s lessons easily translate into the forex markets.
Peter Brandt has been in the industry for a LONG time and has decades of proven success.
This book is amazing if you want to follow an accountable series of trading sessions whilst being taught valuable information.
Long-Term Secrets to Short-Term Trading
Larry Williams is a world-renowned technical analyst who’s dedicated his professional career to sharing his knowledge of trading the markets.
Some of the most successful strategies have come from traders basing their ideas and methodologies on Williams’ principles.
This is a great read if you want a solid foundation of the markets and how to profit from them in a shorter time period.
This is a fantastic resource if you want to improve on your knowledge of technical analysis and transition them into trading strategies, then this book is for you.
It’s actually considered one of the bests books written on trading.
With 20 strategies devised by two top traders, it’s well worth a read.
Way Of The Turtle: The Secret Methods That Turned Ordinary People into Legendary Traders
At some point during your learnings of forex trading, you will come across the term Turtle Trader/Trading.
This was a case study of how anyone, when taught the right system, can profit from the markets.
The strategy is enjoyable to learn about through the book and has been proven to work.
This book is a bit of a lighter read than the others and is very focused on the strategy and the story behind it.
It doesn’t really explain all the technical analysis indicators but focuses primarily on the trend trading turtle system only.
New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities (Second Edition)
Bill Williams is known for creating several trading indicators to predict market movements with high probability.
This book dives straight in and explains his systems that he has modified for the current markets.
This is the reason why the second edition is recommended instead of the first, it’s up to date and possess every you need to pick up his best systems.
How To Trade In Stocks
Don’t let the title put you off, his analysis works across all assets!
This is probably one of my favorites all-time books about a trader who made and lost fortunes many times over.
More importantly, he knew what he was doing and where he was going wrong.
His trading style works in today’s markets and will forever do so going forward.
If there is one book you pick up today, make sure it’s this!
The Logical Trader
This book is an in-depth analysis of the trading system that was developed and refined by Mark Fisher from his many years success of trading.
A lot of it makes sense and I highly recommend you reading the book for his system.
It’s a system that can be used each day and after enough practice, can be a great strategy to have in your locker.
It’s an easy read with no fluff, worth it.
New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion
If you’ve yet to read about the DeMark indicators, then its time to pick up this book.
The DeMark indicator is proven to predict market trend changes and how to capture them with accuracy.
The book contains a system ready to implement and gets you going from the start.
Best Forex Trading Books For Knowledge
The books in this section are to give you an overview and insights into prolific traders as well as teach you some golden nuggets passed on by them.
These books are for people who know what the forex markets and have a strong grasp of technical analysis.
The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management
One of the best-selling trading books of all time has been updated. A completely revised and expanded that brings time-tested concepts in line with today’s markets.
Certainly, a must-read covering every aspect of trading that is left out from other books about trading.
Market Wizards, Updated: Interviews with Top Traders
Ever wondered how the best traders in the world think and use their systems? Well in this best selling book you can find out how.
Interviews with some of the most profitable forex traders in the world, the likes of Paul Tudor Jones and Marty Schwartz.
This book exposes the mindsets and ideologies on how they achieved their successes.
Based on many of the top traders, and a very well conducted series of interviews I think you will enjoy this purchase for those seeking to learn from the best.
The New Market Wizards: Conversations with America’s Top Traders
Following on from the success of the first book, this book covers even more successful traders who leave nothing behind in these series of interviews.
In my opinion, reading these Market Wizard books provide outstanding insight into the minds of the very best.
Tony Robbins says that success leaves clues – well, the Mark Wizard series is the yellow brick road.
Market Mind Games: A Radical Psychology of Investing, Trading, and Risk
Have you watched Billions yet? If so, the character Wendy Rhodes (The hedge funds performance coach) is based on the author of this book, Denise Shull.
This book is fantastic and a must-read for anyone who wants to transition properly into taking trading seriously.
Performance coaching is essential in today’s world, especially how fast the markets move. You can win and lose on the same day and that will obliterate moral for the un-educated.
Pick this book up if you want to go to the next level.
BONUS: IMPROVE YOUR MINDSET TO BECOME A BETTER TRADER
Unf*ck Yourself: Get out of Your Head and into Your Life
If there was just one book I’d recommend reading, that is non-trading related it is this.
Mindset plays a gigantic part in trading, and if you are weak-minded then you’ll just be another victim to the markets.
This book not only benefits you for trading but also life.
I couldn’t recommend it enough.
(Plus: it’s only around 3 hours 30 mins on Audible, so you can consume and have an instant impact in less than 4 hours!)
My advice is to get it as an audiobook so you can listen to it now and then, whilst trading or researching, cooking or cleaning, at the gym on a the run.
If you haven’t got an Audible account from Amazon, there is a free trial – so you can get 30 days free & a life-changing book for £0.00.
To get it for FREE, all you have to do is the following steps:
Step 1: Get Amazon Audible Trial – Free for 30 days + 1 FREE Audible – Click Here
Step 2: Search Unfuck Yourself in Amazon and click Download – Click Here
Step 3: You will now have the Audible copy, completely free for life to use and improve your life.
Please note: You will be subscribing to Amazon Audible for a free 30 day but you can cancel at any time without paying a penny. However, by subscribing you’ll get access to some incredible audiobooks that will help you on your trading journey.
Wrapping It Up
Overall, the way I see forex trading books as snippets of invaluable information left on paper by successful traders.
In today’s information age, that is the problem – too much information, no action is taken.
I believe if you read just one of these books you will raise your standards in several areas, not limited to trading – this includes decision making, discipline, and critical thinking.
What should you do now?
- Go open up a notepad app like Evernote or Notes (or go old school and grab a pen and paper)
- Bookmark this page
- Read some reviews of the books, find which ones interest you the most
- Re-read the snippets on this page to gauge which ones to invest in.
Buy* Invest and read the book(s)
- Apply your knowledge
These books are investments.
Investments in your future, yourself and you will hopefully pick up the lessons inside each book, learn something new and apply it to your trading. Hopefully, a single trade will earn you the money back and more.