Here I have put together some forex books every trade should have and they cover strategy, money management and mindset. These books are books to read re read and learn from and the money they cost is small compared to there value.

Here are the books in no particular order of importance – there all great reads and packed with vital trading education.

1. The Way of the Turtle – (Curtis Faith)

While visiting a turtle farm, legendary trader Richard Dennis had a bet with his trading partner – Bill Eckhardt that traders didn’t have to be born – they could be made. To settle the bet, they recruited a group of individuals from all walks of life, trained them for two weeks and sent them off to trade.

This group known as The Turtles earned more than $100 million in less than four years. In this book successful turtle Curtis Faith goes through the experiment in great depth. He explains why the Turtle Way worked and still works in today’s markets and how to apply it.

2. Trader Vic – Methods of a Wall Street Master (Victor Sperandeo)

Victor Sperandeo is one of those traders who talks sense investing and here he shares his insight on everything to do with trading – from psychology, to trend following correctly, to money management. The ultimate Pro – bit biased I just love this book!

3. The Disciplined Trader Developing Winning Attitudes (Mark Douglas)

This book was the one that really rammed home to me how important discipline in trading is and how hard it is to achieve in terms of mindset no matter how well prepared you feel or how good your trading system is. To get you mentally prepared this book is fantastic.

4. What I Learned Losing a Million Dollars – (Jim Paul Brendan Moynihan)

This books focus is on losing and as it correctly states There are many different ways to make money but only a few ways to lose it. Part biography and part a lesson in money management – if you only thought money management was placing a stop you need this book. One of the most unique books you will ever read on trading.

5. Reminiscences of a Stock Operator (Lefevre Edwin)

Written in 1923 and an acknowledged masterpiece. Jack Schwager’s new introduction explains why this account of Jesse Livermore, continues to be the most widely read book by the trading community. If you have ever traded you will associate yourself with every page and if you haven’t – you soon will!

So there you have 5 of my personal favorite books and also books that compliment each other, to give you a bit of everything. True wisdom from traders who have walked the walk and know the game of trading and their experience and insight can help you to.

I hope you get as much pleasure from these forex books as I have over the years.

Looking to learn, looking to earn and struggling to get started? The biggest problem with the internet is that there can be too much information. Analysis paralysis leads to failure. If you’re looking to learn foreign currency trading online why not check out the 10 Minute Forex Wealth Builder? It is the best forex book on trading I have.

What’s the big fuss?

If you’ve been busy bookmarking websites, blogs and forums you’ll know that there is a lot to take in. How involved do you really want to get with foreign currency trading and how much time, money and energy do you have once the working day is over? Let’s face it. Success has a price but it doesn’t have to be a high.

The best forex book, the 10MFWB can be downloaded immediately, you can start learning straight away and you can apply it today. There is no analysis paralysis because you just have to read and apply. Stay focused and take action.

The reason so many people fail with foreign currency trading is that they get blown away by the detail. Bollinger bands, moving averages, SMA, EMA, MACD, double tops… You start with the best intentions, the dedication. Then one hour becomes two becomes an evening becomes everyday after work. You’re learning but not earning.

To succeed you need to learn foreign currency trading online that you can apply quick smart. A strategy that gets you off to a running start, makes you money (bag those fx pips) and build your confidence. Then you can start to scale it up.

Sounds a bit ‘Get Rich Quick’

You’re right it sounds get rich quick and that’s a phrase that really means ‘waste a lot of time trying and give up’. This course isn’t one of them (it’s been around too long for a start). The 10MFWB, my best forex book, is packed with technical analysis help that lets you apply the best forex indicators.

The key to its success is picking the winners, if there isn’t a winner you don’t trade. It is as simple as that. You spend 10 minutes each day checking your forex graphs to identify the foreign currency trading signals that mean a high probability of profit. Too many systems rely on throwing ‘mud at a wall’ and hoping some sticks. Not this one.

How does it do this?

The 10MFWB uses forex breakouts and swing trading strategies. The course will take you through forex graphs and when to open or close your trade. Analyzing forex candlesticks, a forex breakout occurs when the price passes through a level of support or resistance. Don’t worry too much, the course will show you all you need to learn foreign currency trading online.

The swing trading strategy is perfect of those starting out at forex without the time (or simple not interested) in sitting in front of a screen all day, every day. There are 4 types of foreign currency trader. Scalpers who trade for seconds, day traders who open and close their trades in one session. Swing traders leave a trade open for days and then position traders, the long term traders, who open a trade for weeks. Using swing trading you have the perfect balance, it is realistic for those short on time and with out the border (or necessary patience) of a position trader.

Wanting to earn money through foreign exchange doesn’t have to be expensive. You don’t have to spend over a hundred dollars on e-books and online newsletters from so-called experts who don’t even earn anything from the actual forex education they are teaching. What you can do though is browse through books, even at your local bookstore, for forex trading manuals that are written by people who have walked the walk rather than simply talking the talk. These books don’t even cost as much and you can learn so much more just by reading and applying the techniques.

Here are 6 books that all forex traders should carry along with them:

1. Market Wizards – Jack Schwager

This is a compilation of interviews about people who make a living through currency trading.

2. The New Market Wizards – Jack Schwager

A continuation of interviews derived from Schwager’s great interview techniques just like Market Wizards.

3. Trader Vic–Methods of a Wall Street Master – Victor Sperandeo

Known for his “2B” test technique, Sperandeo’s book is definitely one of my favorites.

4. The Zurich Axioms: Investment Secrets of the Swiss Bankers – Max Günter

This a definite hit in the foreign exchange library. It is easy to read and you’ll feel your adrenalin pumping at every page.

5. What I Learned Losing a Million Dollars – Jim Paul and Brendan Moynihan
This is an inspiring story of a person who lost a million and a half and tells his tale, with great insights, including even his contemplating suicide.

6. Technical Analysis – by Jack Schwager

I found this a great reference book about everything that has to do about technical analysis.

Forex is a highly volatile market where price will move up and down every single second. Because of the volatile nature of forex, traders have to be very precise and accurate in their forex analysis in order to profit from it. Therefore being able to have a reliable forex analysis can be a great help to your trading account.

In order to do a good forex analysis, you definitely requires the use of several forex indicators that can help you to decide on your entry and exit position. If you have been reading up books or have been attending seminars, you are already exposed to the various commonly used forex indicators that most traders use for their forex analysis and you would have seen how they managed to use them successfully.

However, you need to know that those examples that are used in the books and courses are usually the ideal situation demonstrated by the forex indicators. In reality, the market movement will not be as ideal as those pictures in the books or courses. This is something that made me scratch my head when I first started trading currency after reading some forex books.

The most reliable forex indicators that I have used is the 200 EMA, it is in fact voted as the most realiable forex indicators in a currency trading magazine. You can use the 200 EMA as a gauge for your forex analysis. If your price move above the 200 EMA, it most likely means that the trend is shifting upward and vice versa. Another way to know the trend lies in the steepness of the 200 EMA, the steeper it is, the stronger the trend.

Once you have identified the trend, you can make use of a type of forex indicators called oscillator like the stochastic or RSI to help you check whether the market is oversold or overbought. This can make your forex analysis more reliable as you can check for possibility of reversal. If the currency pair is oversold and the price is above the 200 EMA, there is a good chance that the price is going to move up after the retracement and the opposite is true as well.

There are so many different way you can do your forex analysis using different forex indicators. The most important is for you to come up with a trading plan and then pick different indicators that can fit into your trading plan so that you can profit from it.