Here is a selection of books that will help you learn trading basics and feel confident on the market. Notice that all the books on the list are in English.
If you are short of time and need a quick yet sufficient summary about trading essentials, you can always read articles in our Forex guide book.
Trading The Forex Market - Repeating Setups That Beat Your Broker
Many forex traders use too many indicators and rely solely on them, this is a big mistake and contributes to most of your losses. The reason is that the indicators were not created for 24 hour trading like the forex market, and because they need to be combined with other techniques such as price action because they lag behind price. This forex trading course will show you how to use only a handful of indicators & put your efforts into spotting the repeatable setups that are right in front of you all the time. That's were the big money is. From scalping the forex market to trading medium & longer term, you're covered. The EUR/USD trade using the United States Dollar Index as the entry and the Ultimate Moving Average Play are two of the forex strategy highlights in the course. They allow you to profit thousands of pips a year!
Good forex strategies are only a small part of the forex trading game and this course. Without proper forex trading education, money management & overall trade management, the best forex strategies will do you absolutely no good at all! Sections on management of your money & trades are included & will teach you how to keep losses to a minimum of 1%-3% no matter the size of your account. You will also learn techniques on how to form timely exit opinions for any forex strategy which is very important & has the biggest impact on your trading success along with proper trade management. Exits are not talked about a lot in the forex market for some reason, everyone is only interested in strategies. This is another big mistake traders make, but this forex trading guide covers that & a whole lot more making it possible for you to become an all around excellent trader.
The author Larry Palmer, is an experienced trader who started his career in the stock market and has taught his forex trading techniques and money/trade management guidelines to traders from all around the world. He is the founder of www.1on1fx.com