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.
How to Trade Forex and Currency Markets, A Beginner's Guide to Professional Forex Trading: Understanding the Psychology and Strategies of Big Banks and Institutions
One particularly interesting feature that distinguishes Zack Zarr’s book from other publications on forex trading is that it provides its readers with a novel way of gaining insight into market developments. As Zarr points out early in the book, forex trading is the playground of two basic types of traders: individuals like Zarr (and presumably his readers), and what he terms the “big players.” It’s a dramatically uneven playing field, pitting relatively inexperienced amateurs trading alone with their own limited funds against corporate professionals trading with the advice and copious budgets of their employers. The ability of these solitary traders to influence the directions of markets is negligible, while the big players have the money and the volume to place their collective hands on the steering wheel.
So, Zarr concluded early in his ten-year trading career, if you can’t beat them, join them – not by applying for a job with your corporate competitors, but by getting inside their heads and figuring out how they think. That way, you can not only understand their moves, you can also anticipate them.
Unlike some of his counterparts, Zac Zarr is no snake oil salesman. He offers no wild promises of amazing profits for just following a few simple directions. Zarr does, however, establish a warm and empathetic relationship with his readers as he provides straightforward step-by-step explanations with hundreds of examples based on his own real-life forex trading experiences.
Although “How to Trade Forex and Currency Markets: A Beginner’s Guide to Professional Forex Trading” was written primarily for beginners, it’s a book that many veteran traders will also want to read to gain new insights into the workings of currency markets.