What are the 11 Best Books out there on Forex Trading for Beginners?

Time and time again, at our courses, at networking events, even friends and family ask what they should be reading. Well, it’s a great question to ask, and the top traders are well read, with a good depth of knowledge. So here, we have compiled our top 11, the books that our on our shelves at the moment!

Here are some of the things you need to know as total beginners, or for anyone looking to learn to trade forex.

 

1. The New Market Wizards by Jack D. Schwager

This is a great book, and an easy read in interview format, Schwager has an excellent compilation of interviews from Traders of different styles and backgrounds who have been successful in different ways. Most inspirational and easy to get glued to!

 

2. Money Master the Game: 7 Simple Steps to Financial Freedom – Tony Robbins

Covering interviews from some of the giants in the Financial Markets world. Well worth a read on all different types of trading and investing.

 

3. How I Made $2 Million in the Stock Market – Nicolas Darvas

Darvas was featured in time magazine, not knowing anything about the stock market, he still made himself a millionaire, and this book covers the concepts. It maybe based around stocks, but the principles and ideas can still be applied to any market in the world including forex.

 

4. Getting started in Technical Analysis by Jack D. Schwager

A really great book on our approach, which is based on technical analysis. This is a good read to get to grips with the basics, before venturing out and exploring other ideas.

 

5. Safe Strategies for Financial Freedom – Van K. Tharp

The key word here is Safe, Tharp understand risk, and he is (apart from ourselves) the only other person that’s really qualified to talk about strategies. Tharp put a lot of focus here on how you protect your account.

 

6. Come Into My Trading Room: A Complete Guide to Trading – Alexander Elder

Elder has a great overview in this book, moving away from just normal technical analysis, to overall management of time and money. Elder covers both practical and psychological aspects of trading.

 

7. Mastering The Trade – John F Carter

Focused on the trading style of John F Carter, excellent in his day, this book focuses more on the technical aspects of trading, giving trading ideas and things to think about. Practical in it’s writing style, it’s a great read for anyone that’s already started trading, and wants to enhance their skills.

 

8. Trade Your Way to Financial Freedom – Van K. Tharp

Yes, at Master the Markets, we really love Tharp’s books, Tharp really gets into how to measure your trading performance. There is a great set of tools to use, and formula which will tell you about your strategy’s performance. Focused more on the practical and technical aspects of trading, a must have on any serious traders bookcase!

 

9. Forex for Beginners: A Comprehensive Guide to Profiting from the Global Currency Markets – Adam Kritzer

Here Kritzer talks about covering the connection between currency rates and fluctuation, and economics. Good read to understand more about the environment we are trading in.

 

10. Forex For Beginners – Anna Coulling

Anna does a good job covering Risk, which a large part of trading is all about. Again, great for beginners, who just want the basics to getting started.

 

11. Currency Trading for Dummies – Kathleen Brooks and Brian Dolan

Everyone has heard of the “For Dummies” series, A good enough way to start for first time traders, who are totally brand new to Forex trading.

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