A while ago I wrote about 10 best personal finance books. Here’s another list of best books. This time, it’s only about Forex trading. I have been reading about Forex trading for some time. Hope you’d get value put of reading these books.
If you are ready to jump into the world of foreign exchange trading, you know that doing your research is one of the most important first steps to take. Sometimes, though, it is hard to know where to get started. Fortunately, some of that work have already been done for you in the form of a few great books on the subject.
Here are the three best Forex books for a beginner
This is for the true beginner, as the book talks you through everything from the core fundamentals to broader concepts about investing in general. This is a great foundation book for a beginner. Not only will you learn the ins and outs of Forex trading, but it is written in a very accessible tone.
Where some financial help books can overwhelm with concepts, Coupling knows just how to reach her audience. Anna Coulling has written two books previously, but she considers this book the real beginner. A self-made woman, Coulling has the experience to tell it like a beginner needs to hear it – after all, she is self-taught.
This book assumes you have a decent understanding of how the Forex market works as a concept. What makes it great for beginners is the way it walks a beginning investor through the whole process not only with instructions but with the trading journal included within the book.
The format of the book is a chapter per day of trading activities, so you can literally follow along for thirty days and track your own results! Raghee is a frequent contributor to Forex articles and some of the leading sites in the industry, and her opinion is very well respected.
What is significant about this book is that Boardman trades as the vast majority of other people would trade in the Forex market – like a part time trader with self-taught knowledge.
His methodology is well vetted and works, but it does assume that the investor will have some prior knowledge of how the market works as well as some familiarity with tracking your own progress. For those who do not have this experience, the book offers tools and analysis techniques to develop this insight.
Of the three books listed, the absolute beginner should start with Coulling’s book and then work up through Horner and Boardman’s books. This trio provides everything a beginner could hope to soak up about the ins and outs of Forex trading!