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Best Forex Books for Traders

Beginners can benefit from books that teach forex fundamentals, while seasoned traders can benefit from reading about advanced strategies.

Forex (FX), the market on which the whole world trades its currencies, is unique for a few reasons:

  • It’s open 24 hours a day (except for weekends),
  • It hosts participants from all over the globe and
  • It is the largest market in the world.

While the forex market is based on simple principles – trading currency to do global business, the trading isn’t simple and can be affected by anything from the gross domestic product, inflation, interest rates, and trade deficits.

Quick Look: The Best Forex Books Beginner and Advanced Traders Can Read Right Now:

  1. Currency Trading for Dummies – Get this book
  2. How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life – Get this book
  3. Adventures of a Currency Trader: A Fable about Trading, Courage and Doing the Right Thing – Get this book
  4. Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves – Get this book
  5. A Three-Dimensional Approach to Forex Trading – Get this book

Currency Trading for Dummies

Source: Amazon.com

Currency Trading for Dummies was updated in 2015 and is a great starting place for a beginning forex investor.

The book’s simple language makes the forex market accessible to the layperson. The book has two authors, both with extensive investing experience. Author Kathleen Brooks serves as a research director at forex.com and provides commentary for CNBC, Bloomberg, and the BBC.

She has been involved with financial markets since 2003. Co-author Brian Dolan brings 18 years of experience in the forex market to the guide.  

The For Dummies series is designed to explain complicated topics in understandable language for the layperson. The text is easy to read and broken down into lists, bullets and breakout text boxes.  

This book offers some discussion of technical analysis that can also help beginner and entry-level investors.

Get it on Amazon

Kindle Edition – Get it now

Hardcover Edition – Get it now

Paperback Edition – Get it now

Free with Audible Trial – Get it now

How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life

Source: Amazon.com

How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life is part of the Wiley Trading series published in 2010. The author, Courtney Smith, chairs the Investment Mentoring Institute, which is devoted to investor education.

Smith is also the Chief Investment Officer of a money management firm. The title makes some lofty promises and the contents of the book deliver solid information. The book includes a thorough overview of the forex market and a ton of trading strategies, including a system of looking at the forex market from days to weeks market perspective.

Strategies aside, the underpinnings of the book are risk management, discipline, and investor psychology – three practices that benefit all investors.

Get it on Amazon

Kindle Edition – Get it now

Hardcover Edition – Get it now

Paperback Edition – Get it now

Free with Audible Trial – Get it now

Adventures of a Currency Trader: A Fable about Trading, Courage and Doing the Right Thing

Source: Amazon.com

Adventures of a Currency Trader is also a Wiley publication from 2007. This unique book is by Rob Booker, a favorite Houston-based trader who hosts live Facebook events and free webinars for investors.

It’s a solid pick for any level – beginners to experienced traders. The book delivers forex advice and principles, but it isn’t a how-to book. It is instead a fable told through the eyes of a fictional character named Harry Banes.

It is as entertaining as it is informative. If you are looking for forex reading that isn’t technical or a how-to manual, this may be your book pick. 

Get it on Amazon

Kindle Edition – Get it now

Hardcover Edition – Get it now

Paperback Edition – Get it now

Free with Audible Trial – Get it now

Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves

Source: Amazon.com

Author Kathy Lien began her financial career on Wall Street immediately after graduating from New York University. She has served as an expert source for The Wall Street Journal, Market Watch and the Associated Press.

Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves is written for a beginner to an intermediate audience and offers readers executable strategies for entering the forex market. She also provides a companion website with videos on trading.

This book offers:

  • An explanation of how the forex market works
  • A how-to plan on profiting from short-term swings
  • Time-tested strategies for making a profit
  • Skills to navigate overbought or oversold markets
  • An examination of currency pairs

Get it on Amazon

Kindle Edition – Get it now

Hardcover Edition – Get it now

Paperback Edition – Get it now

Free with Audible Trial – Get it now

A Three-Dimensional Approach to Forex Trading

Source: Amazon.com

A Three-Dimensional Approach to Forex Trading is a self-published behemoth of a book – totaling 416 pages.

This forex book was written and published by Anna Couling. Couling began publishing and teaching about forex after trading and investing for 17 years. She is a former teacher with the ability to explain complex financial markets in a clear and understandable way.

This book is written for beginner investors who need a high overview of the forex market as well as more advanced traders who are looking for information on what makes the forex market tick. Couling’s book promises to help readers understand how and why the forex markets move.

The book goes on to explain how trends in the primary markets – stocks, bonds, and commodities – play out in the forex world. While this book offers meaningful insight, it doesn’t provide specific trading strategies.

Get it on Amazon

Kindle Edition – Get it now

Hardcover Edition – Get it now

Paperback Edition – Get it now

Free with Audible Trial – Get it now

Final Thoughts

Among the principles all investors should follow is this: Never stop learning. If after reading about the forex market you are anxious to go right into trading, see our guide on how to pick the right forex broker.

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