What book is a must read for an aspiring forex trader?

December 8th, 2009 | by Michael |
forex
garden_snake99 asked:


I’d like to know what books you would recommend to someone who would like to make it in the forex business. I’d love to learn from experienced traders talking about their struggles in this very tough market.

DALLAS

  1. 10 Responses to “What book is a must read for an aspiring forex trader?”

  2. By jsforex.blogspot.com on Dec 10, 2009 | Reply

    there is not one book that will bring miracles to your trading. You will have to read a number of books, develop your own theory on how you can make money trading forex, and practice.

    Some books that have helped:
    - beyond candlesticks
    - the mental game of baseball

    good luck!

  3. By SwanLin Y on Dec 11, 2009 | Reply

    I liked Jesse Livermore’s The World Greatest Stock Trader. Other good ones are like ‘Mastering the Trade’ and ‘Trade Your Way to Financial Freedom’.

    You can see more at this list.

  4. By stefff67 on Dec 13, 2009 | Reply

    According to ezinearticles.com These 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 *******.

    6. Technical Analysis - by Jack Schwager

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

    I haven’t read all of thesejust some, but personnaly I learned most about forex trading by reading in forums, this is where you get a lot of feedback when you don’t get it.

  5. By Kristian on Dec 15, 2009 | Reply

    there is not one book that will make you successful trader!
    only your personal experience, talent and self-control!

  6. By James on Dec 16, 2009 | Reply

    There are a lot of books you can read. Just look up ‘forex’ on Amazon and read the ratings of the books. I like:

    - Trade with Passion and Purpose (Whistler)
    - Forex Patterns and Probabilities (Ponsi)
    - Day Trading the Forex Market (Lien)
    - Beat the Odds in Forex (Toshchakov)

    and yes, you must read The Market Wizards by Schwager.

    You should also test all strategies you read about:

    Good Luck!!

  7. By David on Dec 19, 2009 | Reply

    There are a lot of books out there that can help with any kind of investing. But it’s not always about reading. With most things, practice is what really counts. When I started my first business years ago, I didn’t know much about it. I read a couple books, but they just filled my head with half-cooked ideas. Once I started working on my business every day, I learned a lot. It’s all in getting “hands on” experience.

    Try opening a demo account. Then, when you read something that sounds interesting - go to your demo account and give it a try. See if you can make the principles work for you. That’s the only way you will ever really become successful at trading anything, Forex included.

  8. By Suzane P on Dec 19, 2009 | Reply

    Hi there,

    You can find it here:

    Hope this link finds helpful.

  9. By Ria on Dec 19, 2009 | Reply

    You should read the online tutorials to learn forex. There is no such book to refer that may help you with practical trading, however I am refering few:

    1. Applying Elliott Wave Theory Profitably
    2. The Disciplined Trader: Developing Winning Attitudes
    3. Technical Analysis from A to Z, 2nd Edition

    You may read more at forex section of

  10. By smarjancic on Dec 23, 2009 | Reply

    You can find a lot of good books at

    Also try visit my blog for more forex information

  11. By Matthew H on Dec 25, 2009 | Reply

    Check out the forex robot at forex.matthehars.com

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