We’re halfway through 2020 but there’s still enough time for you to catch up on your reading. And knowing that you’re very much into forex trading, otherwise, you wouldn’t be reading this, right?
One of the best ways to acquire knowledge in this domain is to read, books included!
There are quite a lot of great titles for you to check out, but we managed to put together a shortlist with three of the best books on forest trading you should at least check out this year.
Currency Forecasting
A must-have for every beginner. Written by Michael Rosenberg, the book helps traders with predicting prices and, even though it was first published back in 1995, it still remains relevant, thanks to the simple, logical, and brief language used by the author.
We believe that after going through it you will be able to make an emphasis on technical analysis, using tools, and be able to make a prediction.
The Disciplined Trader
Next up on our list is a great title by Mark Douglas, considered by experienced traders as an eye-opener for any beginner who believes that attitude doesn’t have anything to do with profits.
While the majority of trading books are basically related to theories and case studies, as well as tools, techniques, and strategies, The Disciplined Trader focuses on the importance of discipline and controlling the emotions.
What’s interesting about this book is that the author wrote it after losing serious amounts, following some poor trading decisions. However, after analyzing his trades, he was able to jot down some valuable lessons, so everybody can learn from them.
Japanese Candlestick Chart Technique
This is a quite popular book among traders, as it talks about one of the most used tools.
Simply put, in this type of chart, every candle contains important information, very useful for helping traders make more precise decisions. Specifically, we’re referring to opening and closing price, market behavior, as well as the highs and lows in each candle.
Author Steve Nison introduced this chart pattern, through the book, in 1991. Today, the trend is used by most traders and trading markets, which proves that this is a must-read for beginners and not only.
As mentioned above, this is just a short selection of forex trading books you should check out this year, but, considering their importance in the development of a trader, we believe that we’ve made some great picks.
What are your thoughts on these titles? What else would you recommend? Let us know, by dropping a few lines in the comments section below!
