If you are new to forex or currency trading, you will understandably thread cautiously before you invest. Like a good investor, you will certainly would want to immerse yourself and try to understand your prospective investment.

Many who are keen in forex trading, whether they want a second source of income or a more versatile profession, will first search for a good book to increase their knowledge about foreign exchange. These traders conveniently takes to the internet for material to increase their forex education.

More than six thousand searches for "forex book" occur monthly, as estimated by Google Traffic Estimator. Almost two-thousands of these searches come from the United States. To be more reponsive to the need of our readers, we have collated a list of books recommended around the web in this article to help you select the forex book of your choice.

Some of these forex books can be availed for free, and comes in the form of an e-book. These can readily be downloaded and read on your e-reader or computer.

Introduction to Foreign Exchange from GO Markets.

This free forex ebook from award-winning brokerage GO Markets contains brief discussions on basic forex theory, basic forex trading, and instructions on how to read charts. The e-book is written in accessible language. It is clear and precise, without being overly technical.

The Introduction to Foreign Exchange is best for those who wants a brief overview about what foreign exchange is all about. As an added bonus, it also features an enumeration of the Golden Rules of Forex. You can download a copy by signing up here.

Currency Trading for Dummies by Mark Galant and Brian Dolan

Quora user Francesco DeLuca recommends this book as it is "simple enough to start with". According to the product description in Amazon, this book by Galant and Dolan "gives you a step-by-step action plan for understanding and trading the forex market. "

The Dummies books are known for their easily comprehesible exposition on their subject matter. It is no surprise that this "nuts-and-bolts" guide is a favorite among those new to forex trading. The book also offers "practical guidance", and "savvy tips in everything" about foreign exchange. You can buy a copy of book straight from Amazon for $16.49.

Mastering The Trade by John F. Carter

John Hill, president of Futures Truth magazine, highly recommends this book as it is an "excellent source for a basic understanding of market action". Mastering The Trade frequently appears in the lists of best forex books for novices in many forums and pages around the web.

It has 388-pages and comes in hard cover. On average, this book has received 4 out of 5 stars from Amazon consumers and is currently the 9th bestseller in Online Trading.You can purchase a copy of book here.

Do you have any recommendation on what books should a forex novice read? We like to hear your thoughts. Send us an e-mail via forexdaily.ibtimes@gmail.com .