Be a Professional Forex Trader with the Market’s Top 5 Books
After deciding that Forex trading is the best opportunity for you to explore, anyone should understand how it creates an income stream. A novice trader must obtain all the necessary tools. As Forex business can be done over the Internet, a reliable high-speed Internet connection is compulsory.
And just like a new profession, learning the business is the best way to go. Besides the information that you can find through search engines, knowledge from books prove to be beneficial to the once neophytes in the business.
Forex Trading books, ranging from the most basic to the most advance, are accessible on line or at any bookstore around the corner. With enough money at hand, you just have to decide which book would match and enhance your trading skills level.
For those who enjoy leafing through the pages of a solid book, here are some hard copy titles you can consider.
The Disciplined Trader: Developing Winning Attitudes
by Mark Douglas
This work aims to help traders learn the critical behaviors necessary in responding to market conditions and opportunities. The author - an experienced commodities trader - has considered and confronted the problems he experienced in trading.
Mastering Foreign Exchange and Money Markets
by Paul Roth
The book provides the beginner with a test run CD enabling 15 minutes of interactive simulated forex dealing. It is a good up-to-date, practical primer for today's global money markets, Instruments, applications, risk management techniques, Spot FX markets: concepts, operations, and control. It includes worked examples and exercises throughout.
The 21 Irrefutable Truths of Trading
by John Hayden
Strategies for traders to master the most important trading tool their minds. Psychology is 80 per cent of the high-stakes trader's game. This book shows you how to become a winning trader by learning how not to lose. Divided into two parts, the first focusing on common strengths and weaknesses, the second on ways to enhance the strengths and control the weaknesses while trading.
There are also e-books available for those who want to learn the ropes of the trade. Online books such as Go Markets' Introduction to Foreign Exchange e-Book and FoRexCT's Foreign Exchange Guide Book. These books will teach you not only how to trade FoRex, but also how to read and analyze charts and perform advanced technical analysis. Dozens of examples for charts with detailed explanations can be found in these e-books.