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20 Best Forex Trading Books to Read in 2022 

Posted
July 13, 2022

If you are someone looking to improve your knowledge about Forex trading and learn new strategies that actually work, there is no better option than to turn to good old books written on the topic.
 
However, when the market has so many forex trading books, and you only have so little time to spend on reading, you need to find the best books that will be worth your time.
 
Here are 20 forex trading books that you can sink your teeth into and come out the other end a better Forex trader.

Currency Trading for Dummies by Kathleen Brooks and Brian Dolan 


This is a great forex trading book for everyone who is starting their journey into the forex trading field. “For Dummies” series is famous for its ability to introduce a complex topic in a simple way. The book has everything a new trader must know about the forex market.  
 
Currency Trading for Dummies also teaches about the global forex market, its scope, size, players, and other impactful economic drivers as well. It also covers topics like risk management, currency pairs, and how to be a successful trader. All of these make the perfect forex trading books for a beginner to gain basic knowledge. 

Forex by Dave Matias 


This book is all about using fundamental analysis & fundamental trading techniques to maximize your gains in forex trading. The fundamental analysis acts as the base of trading and a leading force in FX flows. It is vital to know fundamental analysis since the forex market is a highly volatile place. 
 
The book goes into great detail about myths of fundamental trading along with currencies and bonds. Other topics that the book covers all fall under things you need to know on capitalizing in exchange markets. 

Forex the Holy grail by Simone Siesto 


As an attempt to explore what could be the holy grail of currency, this Forex trading book covers the best financial analysis techniques in forex trading. The author is confident that technical indicators might not be enough and provides 15 golden rules for success in forex. 
 
You also can find a few currency trading techniques and approaches to forex to reach a higher level of success. The book will be a great help to look past the accepted truths and recognize the true heart of the market. 

Forex Trading by Jim Brown 


This is one of the better forex trading books to start with when getting into forex trading. The book aims to provide the basics of forex trading in the simplest terms possible. This is a great piece for new traders that need some guidance in their forex career. 
 
The entire book follows a simple format that is easy to understand even for people without any idea about forex. Scenarios the trader might have to face are also in the book, and that can help provide practical understanding. 

The Black Book of Forex Trading by Paul Langer 


This is a book that promises to show a proven method to become a profitable trader in four months and reach your financial freedom by doing it. It is aimed at intermediate and beginner traders who want to succeed with the help of forex trading. 

The book will show how to plan personalized winning strategies to maximize the benefits with fewer risks. In addition, the book also shows traders how to control emotions and not be biased when making financial decisions. 

How to Start a Trading Business with $500 by Heiken Ashi Trader 


The forex trading book is a great read for new traders who are starting with small capital. The book comes with a step-by-step guide on how to succeed in forex trading with limited capital. 
 
The concept of the book is to provide a realistic approach to the trading scene and not expand a business to reach greater heights. In conclusion, If you are a new trader with small capital, give this a try. It will teach you how to put your foot in the trading sector with what you got.

The 10 Essentials of Forex Trading by Jared Martinez 


Looking for a guide to using trading tools and techniques effectively at minimal risks to gain better results? Then, this is the forex trading book for you. In addition to that, it also provides the rules for turning trading patterns into profits. 
 
As the title of the book shows, it comes with 10 techniques that traders can use to get better at forex trading. The book is a great read for forex traders of any experience level. 

The Death of Money by James Rickards 


The death of money is a book about the financial future of the world. It also tries to examine how the global monetary system rotates around the dollar. Furthermore, it shows how a total collapse in the economy is inevitable if we head down this same path. 
 
The author also goes into how Gold is the only true money in the world. Another assumption talked about here is how the recession of 2007 – 2008 has been structured. 

The Simple Strategy by Markus Heitkoetter 


The book covers a simple yet powerful strategy for everything trading, including forex. Readers can learn clear entry rules as well as clear exit rules in the market. 
 
It also comes with instructions on how to take advantage of small intraday trends. After reading this forex trading book, you will see that you don’t need sophisticated and expensive trading software – But only simple charting software with basic capabilities. 

Day Trading and Swing Trading the Currency Market by Kathy Lien 


A book that comes with the basic theoretical framework for forex and covers the market evolution and how it affects forex traders. The reader will be able to identify and utilize hidden opportunities when it comes to trading with the help of this book. 
 
This book also focuses on how to utilize several proven techniques as well as fundamental trading strategies. Since this covers both theory and practical aspects of forex trading, this is a forex trading book that is good for traders of all experience levels. 

Trading in the Zone by Mark Douglas 


Mastering the trading mentality is very important if you want to succeed as a trader. If you are someone interested in psychology that goes into trading, this is the book for you. The book shows how what we learned when we were young is sometimes inappropriate when it comes to trading. The book states the difference in the thinking between successful traders and unsuccessful ones. 
 
In this book, readers can also find a mental analysis, a section about discipline and focus, and how to transcend fear.

The Sensible Guide to Forex Trading by Cliff Wachtel 


This is a forex trading book that outlines an approach to reducing the risk for long-term investors. It shows the safer and smarter ways to survive and prosper from the start of forex trading. An introduction to advanced trading tools like forex binary options and social trading accounts is also in this piece.
 
The book analyzes the fluid nature of forex and how traders can use it to their advantage. Furthermore, this shows some excellent strategies for creating high-performance and low-maintenance portfolios to reduce risks. This is an ideal read for long-term traders. 

Adventures of a Currency Trader by Rob Booker 


This rather unique book follows the fictional story of Harry Banes, a forex trader. The experiences he faces in his trading career and how he finds solutions to his issues are shared in great detail to allow readers to get some valuable insights to help their trading journey. 
 
This piece is a must-read whether you are an experienced trader or a new one in the forex markets. How the author conveys his message in an entertaining format is sure to keep the reader hooked to the book. 

Forex Trading Money Management System by Don Guy 


As the book itself states, it is aimed to crush the forex market with bigger profits and smaller losses. The money management system mentioned in the book tries to reverse the forex market movement and maximize profits. 
 
The book also got some experiences of the author and how he made $500 from $20 by applying the automated profit locking mechanism and is applied in financial markets. 

A Three-Dimensional Approach to Forex Trading by Anna Coulling 


This book shows the complexity of currency as it controls the money flow and risk. The basic framework of the currency, the web of Intermarket relationships, and how studying the assets can help you are also some in this book. 
 
Readers can learn how currency functions, how it controls the money flow, and everything about currency markets. This is a great piece regardless of your experiences in the field. 

Currency Forecasting by Michael R. Rosenberg 


This acts as a guide to fundamental and technical models of exchange rate determination. Read this, and you will gain valuable knowledge about the dynamics of the currency market and how to exploit it to get an advantage over others. 
 
A discussion about the unique perspectives on the determination of currency price is here with the author's unique point of view. In conclusion, More seasoned and experienced traders can use advanced techniques mentioned in the book to improve their skills and techniques in forex trading. 

Forex by Matthew Maybury 


This is a beginner’s guide to forex trading alongside some of the best forex trading strategies. The beginner’s guide section of the book covers everything from how to get into forex trading to how to maximize the profits earned from it. 
 
In the next section, the book covers forex trading strategies. The book teaches the basics of forex trading, understanding market trends, a few strategies, risk reduction, and street-smart tactics that can help you to become a better trader. 

Foreign Exchange Option Pricing by Iain J. Clark 

This piece aims to cover all the aspects of forex trading in the eyes of a practitioner. The book also sheds light on the theoretical mathematics aspect as well as the comprehensive coverage of implementation, pricing, and calibration. 
 
This also goes into detail about the products from forex options trading desks with ways to do accurate pricing of the products. The book is a bit more advanced than the other books here and provides a wide range of knowledge in everything from forex options to pricing. 

The Art of Currency Trading by Brent Donnelly 

This forex trading book serves as a professional’s guide to the foreign exchange market and trading in it. It will show you how to trade currencies depending on the situation and trends of the market. In addition, by reading this, you can learn about unique strategies that the author himself has tested. 
 
There are a lot of things a new trader can learn by reading this amazing forex trading book. That includes trading philosophies and approaches along with trading tactics to improve oneself as a trader. Besides that, you can gain knowledge on 

  • Technical analysis 
  • Fundamental analysis 
  • Trading philosophies 
  • Approaches to the market 
  • Macro fundamentals 
  • Behavioural finances 
  • And how each of them interacts with the forex market 

The Foreign Exchange Matrix by Barbara Rockefeller

Foreign exchanges and foreign currency markets are something every forex trader should know everything about. Understanding how this work can be a valuable asset that is what this book aims to do. This work provides a new framework for understanding currency movements and market behaviours. 

In order to be successful in Forex trading, you should read the best Forex trading books  

To trade well, you must be informed and educated. In a field like forex trading, having that extra edge over other traders can be the difference maker in making a good deal. Forex trading books are precious nuggets of the information left on paper by thriving traders. They are a great source of knowledge that is both mobile and versatile.

This is a knowledge source that can be accessed even when you are offline. Unlike information on the web, only the most qualified and experienced people take up the pen to write a book.
 
Reading some of the great books about forex trading will expand your trading knowledge and will enable you to make better decisions. Hopefully, our selection of forex trading books will help you get started in forex trading with the right knowledge.


 

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