Top Forex Trading Books
Forex trading books are an excellent tool for aspiring traders, teaching everything from how the foreign exchange market works to developing advanced strategies and using technical analysis. Moreover, the best selling forex books are reliable sources of information that are easily referenced back to.
List of 10 Best Forex Trading Books
Our experts have reviewed dozens of forex trading books to compile a list of the top 10 reads in 2024:
- Forex Trading: The Basics Explained in Simple Terms by Jim Brown
- Currency Trading For Dummies by Kathleen Brooks and Brian Dolan
- The Black Book of Forex Trading by Paul Langer
- Japanese Candlestick Charting Techniques by Steve Nison
- Technical Analysis For Dummies by Barbara Rockefeller
- Trading: Technical Analysis Masterclass by Rolf Schlotmann and Moritz Czubatinski
- Trading Strategies: Day Trading + Swing Trading by Mark Swing
- Naked Forex: High Probability Techniques for Trading Without Indicators by Alex Nekritin and Walter Peters
- Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
- Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets by Ed Ponsi
Alternatively, if you want a comprehensive forex education delivered through channels like videos, webinars and articles, we recommend leading brokers Pepperstone, IC Markets and Forex.com.
1. Forex Trading: The Basics Explained in Simple Terms by Jim Brown
A fantastic resource for those new to forex trading, this book provides clear lessons for those just starting their trading journey.
We like that this book lays out the real basics of forex trading in a concise and accessible way. The language used is not too technical in this short and easy read, meaning it will not be too intimidating for those just starting trading.
The book covers topics such as the basics of forex trading and currency pairs, tips for picking brokers and trading strategies. And, with more than 20 years of experience forex trading, the author is able to add some valuable bonuses at the end of the book with his custom MT4/MT5 indicators, TradingView account and Facebook page which are great resources for beginners.
For us, this makes the book a fantastic resource for new traders and an engaging read.
2. Currency Trading For Dummies by Kathleen Brooks and Brian Dolan
This book is one of our top choices for beginner traders for numerous reasons, but primarily for its user-friendly chapters covering all aspects of forex trading in simple, understandable English.
The chapters cover all the basic aspects of trading, starting with ‘Currency Trading 101’ and continuing to walk readers through developing and executing a trading strategy before ending with some clear and helpful summary lists of ten habits, risk management strategies and resources.
We see this book as the perfect introduction to currency trading that provides all the information you need to get started.
The authors’ backgrounds also provide reassurance that it is a reputable source of information – Brian Dolan has over 20 years of experience trading and working in the forex market, while Kathleen Brooks is a successful author of multiple novels which contributes to the understandable vocabulary and engaging tone.
3. The Black Book of Forex Trading by Paul Langer
We see this book as a great way for those already trading forex to learn how to streamline their strategies and improve their consistency when trading.
The book is written from a trader’s perspective, which makes it engaging and relatable and we found it really helped us warm to the author. It is designed for those with a decent foundation in trading forex and some of the language can be technical, but anyone with an understanding of the market will find this book a useful tool for improving their trading.
Topics included in this publication include tips for making a sleek and effective trading strategy, as well as information on trading psychology to help forex traders understand their choices better.
The book’s author boasts over eight years of personal experience in forex trading and we consider him a very credible and well-informed writer.
4. Japanese Candlestick Charting Techniques by Steve Nison
This publication is ideal for experienced forex traders looking to brush up on their knowledge or enhance their analysis with popular Japanese candlestick charting techniques.
With deep dives into topics such as reverse patterns, stars and continuation patterns, we like the book’s simple, concise language to explain complex concepts, making them accessible to readers.
We found the book a very useful way to enhance forex analysis and would recommend it to more experienced traders who have a firm grounding in the basics of forex trading and are looking to build on that with more advanced techniques.
The author of this book is also reassuringly experienced in the field and owns a company that provides financial technical advisory services. These credentials allow readers to feel secure following advice from Japanese Candlestick Charting Techniques.
5. Technical Analysis For Dummies by Barbara Rockefeller
This a great book for those new to forex trading who want to learn more about analyzing the currency markets.
We appreciate this book’s reader-friendly language, making it an accessible guide to some detailed and complex topics and providing traders with all the information they need to improve their analysis.
This forex trading book covers topics ranging from the real basics of what technical analysis is to more complicated concepts such as dynamic analysis. This gives the book comprehensive appeal, and the helpful top ten summaries at the back of the book are fantastic reference points that we find particularly useful.
Barbara Rockefeller is an international economics and finance expert who has a focus on forex making her a fountain of wisdom for new currency traders looking to grow their skills.
6. Trading: Technical Analysis Masterclass by Rolf Schlotmann and Moritz Czubatinski
This is another great book for beginners looking for a guide to learn more about forex analysis. The ‘masterclass’ offers traders who have just begun their forex trading insights into how to use analysis tools to your advantage, but also covers topics such as candlesticks, chart anatomy and how to use technical indicators in a beginner-friendly way with accessible language.
It also contains some nice diagrams which we find really helpful to cement your understanding and clearly demonstrate what the author is teaching you.
7. Trading Strategies: Day Trading + Swing Trading by Mark Swing
For new traders looking for a comprehensive introduction to forex trading and general trading theory, this book is an excellent choice. The layout is concise and easy to follow with beginner-friendly language and an engaging writing style which we found very easy and enjoyable to follow.
We like the wide range of useful topics covered in Swing’s book, from explaining the four major trading styles and six major trading platforms to discussing analytical tools and giving tips and advice for using them to your advantage.
The author also gives reputable advice given his experience as an economics graduate who has worked for years with a major online trading company, meaning beginners can feel secure about the information within.
We are also fans of the helpful extra features it offers, which include an extensive trading glossary – an added bonus for novices looking to understand the trading world.
8. Naked Forex: High Probability Techniques for Trading Without Indicators by Alex Nekritin and Walter Peters
We see this book as a fantastic, engaging choice for experienced forex traders looking for a fresh approach to their trading.
Naked Forex will help traders try new strategies to shake up the way they trade. It is a well-written book that breaks down the indicator-free price chart-orientated trading style in an easy-to-understand way.
The book covers topics including the idea of ‘zones’ and their uses, the six stages to approach a trade and trader psychology to understand your own forex trading style.
The authors are extremely knowledgeable when it comes to forex trading – one is the CEO of TradersChoiceFX.com and the other is a professional forex trader with a PhD in psychology. We can vouch that this is both a well-written and reliable book that provided us with useful and inspiring ways to mix up our forex trading.
9. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
This is, in our view, one of the best books out there for traders who already have a little forex trading experience but now want to take their trading to the next level.
It has been described as a ‘bible’ of trading analysis, as it offers an extensive and comprehensive guide to analyzing the financial markets. Anything you want to know about analysis will be in this book, making it an invaluable resource for forex traders looking for the tools to upgrade their trading.
It may be a little too deep for beginners looking to learn the basics, but with chapters on candlestick charting, intermarket relationships and some useful real-world examples and figures, it is certainly one that deserves a place on any serious forex trader’s bookshelf.
Furthermore, the author has over 40 years of experience in the financial and trading world in a variety of roles including working as a technical analyst for CNBC. His knowledge and experience mean the lessons taught in this book are trustworthy and traders can rely on the source.
10. Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets by Ed Ponsi
We are sure traders with some forex experience who want a book that will give them specific advice on trending and range-bound markets and help them take their trading to the next level will be pleased with this book.
This book offers traders advice directly from an experienced forex trader written in a relatable and accessible style. We found it reassuring that the lessons are from someone who knows the market and understands the risks first-hand.
The book contains information on specific trading strategies to inspire you to try out something new, as well as outlining some unorthodox techniques that forex traders will find helpful to upgrade their trading and offers insight into trading psychology.
The author is an experienced pro who has authored several financial books, and we feel his advice will be useful for many traders. We found the book a refreshing resource that gave us plenty of ideas about how to shake up our forex trading.
Bottom Line
When it comes to learning about forex trading it is always good to have good books ready to reference whenever you need them. Even when you’re experienced it never hurts to find new forex books that offer a refreshing way to improve your trading. Importantly, all of the popular forex trading books listed in this article are great options for aspiring currency traders.
Alternatively, if you want high-quality forex education delivered in different formats, including videos, webinars and articles, we recommend Pepperstone, IC Markets and Forex.com.
FAQ
Which Is The Best Forex Book For Beginners?
From our research Currency Trading For Dummies by Kathleen Brooks and Brian Dolan is one of the best books out there for new forex traders. This book uses beginner-friendly language in an engaging way to take you through everything you need to know about forex trading. We would recommend this to anyone wanting to start trading forex.
Where Can I Find Good Forex Trading Books?
We recommend buying one of our top 10 forex trading books from an independent bookshop or online, but if you want to study it for free then submit a request at your local library.
What Are The Best Alternatives To Forex Trading Books?
An increasing number of forex brokers also offer excellent educational resources, from webinars and podcasts to e-books when you sign up for an account.
Pepperstone, IC Markets, and Forex.com stand out for their best-in-class educational resources for forex traders.
What Should I Do After Studying Forex Trading Books?
We recommend signing up with a broker that offers a demo account after you finish studying forex trading books. Demo accounts offer a risk-free environment where you can practice new strategies and trading setups before risking real money.
Article Sources
Forex Trading: The Basics Explained in Simple Terms by Jim Brown 2015 – Amazon
Currency Trading For Dummies by Kathleen Brooks and Brian Dolan 2022 – Amazon
The Black Book of Forex Trading by Paul Langer 2015 – Amazon
Japanese Candlestick Charting Techniques by Steve Nison 2001 – Amazon
Technical Analysis For Dummies by Barbara Rockefeller 2010 – Amazon
Trading: Technical Analysis Masterclass by Rolf Schlotmann and Moritz Czubatinski 2019 – Amazon
Trading Strategies: Day Trading + Swing Trading by Mark Swing 2022 – Amazon