5 Best Forex Books For Beginners & Advanced Traders in 2021 • Benzinga – Benzinga

Want to jump straight to the answer? The best forex broker for most people is definitely FOREX.com

The forex market is based on a simple principle: trading currency to do global business. However, trading isn’t simple and is affected by anything from gross domestic product and inflation to interest rates and trade deficits.

Interested in learning how to trade forex? Check out Benzinga’s exclusive Forex 101 course.

Best Forex Books for Traders:

1. “Currency Trading for Dummies”

Source: Amazon.com

Currency Trading for Dummies” was updated in 2015 and is a great starting place for a beginning forex investor.

The book’s simple language makes the forex market accessible to the layperson. The book’s 2 authors offer extensive trading experience. Author Kathleen Brooks serves as a research director at FOREX.com and provides commentary for CNBC, Bloomberg and the BBC.

Co-author Brian Dolan brings 18 years of experience in the forex market to the guide.  

The “For Dummies” series is designed to explain complicated topics in understandable language for the layperson. The text is easy to read and broken down into lists, bullets and breakout text boxes.  

This book offers some discussion of technical analysis that can also help beginner and entry-level investors.

Get it on Amazon

Kindle Edition — Get it now.

Hardcover Edition — Get it now.

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Free with Audible Trial — Get it now.

2. “How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life”

Source: Amazon.com

“How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life” is part of the Wiley Trading series, published in 2010. The author, Courtney Smith, chairs the Investment Mentoring Institute, devoted to investor education.

Smith is also the chief investment officer of a money management firm. The title makes some lofty promises but the contents of the book deliver solid information. The book includes a thorough overview of the forex market and a ton of trading strategies, including a system of looking at the forex market from a day-to-week market perspective.

Strategies aside, the underpinnings of the book include risk management, discipline and investor psychology — 3 practices that benefit all investors.

Get it on Amazon

Kindle Edition — Get it now.

Hardcover Edition — Get it now.

Paperback Edition — Get it now.

Free with Audible Trial — Get it now.

3. “Adventures of a Currency Trader: A Fable about Trading, Courage and Doing the Right Thing:

Source: Amazon.com

Adventures of a Currency Trader” is also a Wiley publication from 2007. This unique book is by Rob Booker, a favorite Houston-based trader who hosts live Facebook events and free webinars for traders.

It’s a solid pick for any level — beginners to experienced traders. The book delivers forex advice and principles, but it isn’t a how-to book. Instead, it’s a fable told through the eyes of a fictional character named Harry Banes.

The quick read is as entertaining as it is informative. If you’re looking for forex reading that isn’t technical or a how-to manual, this is a great pick. 

Get it on Amazon

Kindle Edition — Get it now.

Hardcover Edition — Get it now.

Paperback Edition — Get it now.

Free with Audible Trial — Get it now.

4. “Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves”

Source: Amazon.com

Author Kathy Lien began her financial career on Wall Street immediately after graduating from New York University. She has served as an expert source for “The Wall Street Journal, “Market Watch” and “The Associated Press.”

Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves” is written for a beginner to an intermediate audience and offers readers executable strategies for entering the forex market. She also provides a companion website with videos on trading.

This book offers:

  • An explanation of how the forex market works
  • A how-to plan to profit from short-term swings
  • Time-tested strategies for making a profit
  • Skills to navigate overbought or oversold markets
  • An examination of currency pairs

Get it on Amazon

Kindle Edition — Get it now.

Hardcover Edition — Get it now.

Paperback Edition — Get it now.

Free with Audible Trial — Get it now.

5. “A Three-Dimensional Approach to Forex Trading”

Source: Amazon.com

A Three-Dimensional Approach to Forex Trading” is a self-published behemoth of a book — 416 pages.

This forex book was written and published by Anna Coulling. Coulling began publishing and teaching about forex after trading and investing for 17 years. She is a former teacher so she can explain complex financial markets in a clear and understandable way.

This book is written for beginner investors who need a high overview of the forex market as well as more advanced traders who are looking for information on what makes the forex market tick. Couling’s book promises to help readers understand how and why the forex markets move.

The book goes on to explain how trends in the primary markets — stocks, bonds, and commodities — play out in the forex world. While this book offers meaningful insight, it doesn’t provide specific trading strategies.

Get it on Amazon

Kindle Edition — Get it now.

Hardcover Edition — Get it now.

Paperback Edition — Get it now.

Free with Audible Trial — Get it now.

Learn Forex with Benzinga

Need something a little more dynamic than a book to learn forex? Get Benzinga’s versatile, comprehensive forex trading platform. Whether you’re just beginning to learn about forex trading or know some key facets already, Benzinga’s forex trading course can help you learn everything you need to know. You can learn forex pairs, pips and points (the basics) to Fibonacci retracements.  

Plus, what’s a forex course without trade examples? Benzinga’s forex course offers examples of short selling, support and resistance levels, forex chart patterns and indicators. Don’t miss out on Benzinga’s forex trading course at a low price for a limited time.

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Learn to Forex Trade with the Best Books

No matter what, never stop learning. If you’re anxious to start trading right away, see our guide on how to pick the right forex broker.

FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. 

ForexSignals.com offers a highly rated platform with mentors who have 80 years of combined experience in the trading pits. They’ll help you decode real-time daily live streams using market analysis, trade signals and more. ForexSignals.com doesn’t stop there. You can access hundreds of educational videos and workshops and even individualized private sessions with mentors. Never trade alone! Join ForexSignals.com now.

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