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What are the top 10 forex trading books?



Discover our analysts’ top 10 forex trading books. With titles covering everything from technical analysis to trading psychology, you’ll find the resources you need to make the most of volatility in 2020 and beyond.To get more news about Forex Trading Book, you can visit wikifx.com official website.

Technical Analysis of the Financial Markets’ covers everything you need to know about technical analysis – from basic trading concepts to advanced indicators. Written in 1998 by John J. Murphy, a former director of Merrill Lynch, it has come to be regarded as a bible for traders – so much so that it was nominated by more analysts than any other title in this top 10.
The book includes more than 400 charts to bring technical analysis to life, and sections to help you put what you’ve learnt into practice, making this a ‘must read’ for traders of all levels.
‘Trading in the Zone’ by Mark Douglas explores the key psychological attributes that are required to become a successful trader, and explains how you can develop them. It is considered a leading book in the field because it includes a number of practical techniques that can be used to control emotional responses.

While these techniques shouldn’t replace your plan or analysis, they could help you execute strategies more efficiently and minimise losses.
In ‘The Alchemy of Finance’, George Soros explains his approach to trading and introduces ‘reflexivity’ – the theory that fundamentals can be influenced by prices. While this contradicts standard economic thought, Soros claims it has given him an edge over other traders during the course of his career.

‘Market Wizards’ by Jack D. Schwager is an anthology of interviews with the world’s best traders, in which they reveal what separates them from the masses and tell the stories behind their biggest trading coups.

‘Day Trading and Swing Trading the Currency Market’ by Kathy Lien provides traders with a range of technical and fundamental strategies that can be used to find overbought and oversold markets. These include strategies involving interest rate differentials, intermarket relationships and news.

In ‘The Black Swan’, Nicholas Taleb explores the impact of unpredictable events and how they tend to be rationalised after they have occurred. His central idea is that most financial models are deeply flawed because they fail to account for these events, leaving traders exposed to unnecessary risks.

As its name suggests, ‘Bollinger on Bollinger Bands’ is John Bollinger’s guide to his eponymous indicator. In it, he describes how to use the tool properly and avoid common traps, and explains the complementary fundamental analysis techniques that can help confirm how markets are likely to move.

First published in 1991, ‘Japanese Candlestick Charting Techniques’ by Steve Nison equips the reader with everything they need to analyse candlestick charts. For experienced traders, Nison details how to confirm candlestick readings using popular technical analysis tools, while those new to trading will learn how to use candlesticks in stand-alone analysis.

‘Trend Following’ by Michael Covel explains how traders can track prevailing market movements to profit, even during times of great uncertainty. Fully updated following the market crash of 2008 – when trend followers were able to beat expectations – Covel outlines a technical system that traders can use to speculate on a range of markets.

‘America’s Bank’ by Roger Lowenstein explores the events that led to the formation of the Federal Reserve (Fed) in 1913. For many years, the idea of an American central bank was highly divisive, with many people holding deep-seated suspicions of bodies that sought to make countrywide interventions. However, this changed following the panic of 1907 – a financial crisis that saw the New York Stock Exchange lose around 50% of its value.