When you are in forex trading you have a lot to explore. Seeing it from the outside will look like a scary house, but do not make this to put you at back foot. Every successful forex trader featured online or in the magazines started somehow from the beginning. Many successful traders have wrote books to help newbies to excel in the career. The books on forex trading will guide you right from the start of your carrier.
Forex Trading Books
Here are some of the best forex trading books you can read to excel your career in forex trading and give you good grasp.
- Technical Analysis for Dummies
- The Black Book of Forex Trading
- Currency Trading For Dummies
- A Three Dimensional Approach to Forex Trading
- Forex for Ambitious Beginners
- Trade Your Way to Financial Freedom
Technical Analysis for Dummies
Mostly successful traders of market do not wait for market analysis but work through their knowledge and perspective of the real-world market. This book will teach you all the basic principles, theories, and formulas related to forex trading. It will also help you to apply these theories in real life to make practical decisions in forex trading world.
It is a good option for you if you are willing to learn the basics in-depth to understand the forex market. The topics includes trading risk management, future currencies, equities to interpreting financial charts and graphs.
The Black Book of Forex Trading
“Financial Freedom” is a dream for the current growing generation. However, it is not something you can achieve just with your monthly salary. It would be best if you had a good investment plan to get financial stability. You need to plan like every penny returns to you with a profit. How do you do this taking no major financial risk? This book will open up to you all the profit gaining strategies, money management techniques, and surprisingly, it also deals with trading is emotional aspects to polish your skills.
This book is the shadow of the experiences of the author. Do not waste your money on any other third party stuff that will not help you. If you are having problem with the market trend or going in loss, you will find this book very helpful for you. It is more like you are witting in front of the television watching the market trends and news.
Currency Trading For Dummies
If you are placing your first step in the forex market, then you should have the basic knowledge about forex market, how it works. Do not get in the glance of glamorous lifestyle of successful traders. It is a fast-changing financial trading avenue and you should always have knowledge about how to work in the downsides. This book will teach you about the size, opportunities, and current playing strategies in the forex market. After reading the book, you will be confident enough to predict the market trends and the changing currency values because this book will make you well aware of all the economic factors that have effect on these things.
This book will polish you enough to analyze and interpret data and financial executing strategies right from scratch. It sums up all the currency-trading terminologies, tools and help you to be prepared enough for entering the forex trading field. If you do not take shortcuts and always have eager to explore new trading styles and options to prepare your on trading plan then this books suits you best.
A Three Dimensional Approach to Forex Trading
Anna Coulling wrote this book in an exceptional way. Forex market will look like a complex thing but deep down it is all about the common sense, that you apply on your knowledge about the forex trading to execute your policies. This book will teach you about the changes that happen in market in commodities, stocks, bonds, and identities that affects the currency market. Forex trading market is tough to analyze only until you have knowledge to analyze the market, after that you will enjoy the forex market.
This book contains various aspects of forex trading in nonprofessional’s language with logical illustrations and graphics so that even newbies can understand them. The book uses a three-dimensional relational, technical, and fundamental analysis approach to explain how the forex market trends and terminologies work in real market.
Forex for Ambitious Beginners
If you aim to choose the forex trading market as your career and future growth purpose or just as a part time earning platform, for both this book is a good guide for you. This book do not got some get-rich-quick scheme that will boost your career or help you to earn money in no time.
The book will teach you as a reliable system to start your first trade in forex market, the key strategies, and capital management. If you are someone who knows nothing about trading markets then you will not find a better read than this one.
Trade Your Way to Financial Freedom
Finance experts say, finance is not just limited to math it is also cover your psychology and art to deal with market. Your childhood mindset and notions about money, how it works does not apply on forex market.
This book changes that old psychology and helps you to figure out the trading methods and trends on your own. The entire book is based on the fact that your successful market trader firmly depends upon your beliefs. If you are bad at making decisions about with what the market trends suggest because your thought process is different, this book will help you a lot.
Brokers with Educational Material
What else you want when you have a good broker and educational stuff of the same platform. Here are some of the brokers that also provide educational stuff to help you.
- XM
- XTB
- HotForex
XM
XM is one of the best brokers in Pakistan. The agent has managed to get a variety of prizes including that of the “best broker in Australasia”. They have similar prizes for the Europe and MENA regions.
When it comes to accounts and XM swap-free accounts in precise, you will be presented with a variety of options. These comprise a sum of 6 Islamic accounts that are available. Everything from the XM Zero Spread Account, to their micro trading account, and stock trading account is available as Islamic accounts. XM provides educational videos as plus point. Educational videos will help you to better understand the trading terminologies and visual representation at real time.
XTB
It is you want a good broker with low costs then XTB should be your first choice. XTB gives you access to markets such as forex, shares, indices, metals and commodities. XTB offers maximum leverage of up to 500:1 for non-U.K. accounts, while U.K. accounts get up to 30:1 leverage.
Moreover, it have a separate tab of learn-to-trade with educational stuff segregated as per your current forex trading experience.
HotForex
HotForex developed in 2010 and regulated by CySEC, DFSA, FCA, FSA-SC and FSCA comes with commission free trading accounts. It supports MT4 and MT5 trading platforms with compatibility of android and IOS operating systems. It also provide lot of MetaTrader tools and indicators. It is also user friendly and easy to understand for newbies with education material related to the platforms offered, that will help you get all best trading platforms, best broker and education stuff related to the offered platforms all under same platform. You can access the educational stuff on forex education tab.