Best Forex trading books every trader should read

As a professional forex trader, keeping up to date and learning about new strategies and ways to improve your trading is critical to your long-term success. This self-motivation to improve and lifelong learning is actually very common amongst forex traders. We are often self-taught because of our fascination with the currency markets!

During the years, there were a couple of books that had a profound impact on how I approach my forex trading. These books were eye-openers in one way or another and were books that made me the forex trader I am today. This list of best forex books are my top recommendations for you to read and improve your forex knowledge.

 

If you’re in a hurry and just want one great book recommendation that will have the biggest impact on the way you trade, pick this one:

Trading in the Zone by Mark Douglas

It will be the best investment in your trading career you’ve ever made.

 

Note: I also wrote about the best non-trading books
that will still help you become a better trader (and improve your life!).

 

The best Forex books list:

 

1 . Japanese Candlestick Charting Techniques – Steve Nison

Steve Nison is arguably the “grandfather” of candlesticks in the Western world, he is the one deemed responsible for bringing Japanese candlestick charts (which some say go back to the late 1800s in Japan) to the Western trading world.

In his book, he gives some background on the Japanese candlestick charts and how he found out about them from a Japanese broker. Then, he quickly goes into describing all the different candlestick patterns, with well illustrated examples. The second part of the book goes into using candlesticks with other techniques such as eliott wave, trendlines, moving averages and more.

This is THE definitive book on candlestick charting and candle patterns. If you want to know more about price action, this book should be the first one to pick up. I highly recommend it. Read more.

 

Read More

Forex Metatrader 4 EA editor

MT4 Expert Advisor Forex Course Intro

This article is part of a series. Here are the other parts:

The best MetaTrader 4 (MT4) expert advisor development course you’ll find on the web!

Here’s why: my MT4 expert advisor course will teach you how to transform your trading plan into a fully automated algorithmic trading system. What sets this course apart from others is its practical approach: I will provide you with real-life examples (including code!) on how to tackle actual scenarios. You will learn how automating your trades can help you lift your trading into profitability!
Backtesting a MT4 expert advisor

What this course covers

  • What is automated or algorithmic trading and why should I use it?
  • How to use the MetaEditor and Expert Advisors
  • Create your own Expert Advisor (EA)
  • Backtest your EA to validate your idea
  • Practical implementations for common scenarios, such as trailing stops, crossovers, dynamic position sizing, working with custom indicators and much more!

Read More