Forex About Must Read Books Of Forex Trader

Must Read Books Of Forex Trader

Must Read Books of Forex Trader Knowledge can make miracles happen, especially when you endeavor to succeed in the Forex market trading. And what is the second best source of knowledge (with the first best being your experience)? Books! Learning to trade is an easy, interesting and organized process, if you study the right books. Here is the list of the trading related books that will help you develop your skills and increase your confidence in the markets:

1. School of Pipsology by BabyPips.com — it is the best Forex trading study manual as of now. And it’s also completely free. It’s written in a very easy language and offers a lot of explanations that are vitally needed by the beginning traders.
2. Reminiscences of a Stock Operator by Edwin Lefevre — this book is based on the biography of the legendary stock trader Jesse Livermore, who is often seen as an icon of the financial trading success. It’s a good half-fiction read that will provide with some interesting thoughts on trading.
3. Emotion Free Trading by Larry Levin — Forex trading is a very stressful activity with a huge part of your success depending on your emotional control. This book will try to teach to control your good and bad emotions and trade based solely on your strategy rules.
4. Trade Your Way to Financial Freedom by Van K. Tharp — the author of this book is a financial genius, whose developments in the money management of the financial trading can be applied in any market and will open your eyes on some aspects of the money management that are usually hidden from the beginning Forex traders.
5. Position-sizing Effects on Trader Performance: An experimental analysis by John Ginyard — it’s a pretty long scientific paper that describes and analyzes the experiments on position-sizing effects. If you lack the hard evidence of the most common money management rules — read this and you’ll have it.

There many other interesting books that are worth reading if you are seriously trading on Forex or any other financial market. But these listed are the marvels of the trading literature, in my opinion. If you don’t have enough time to read them all, try to read at least several pages of them and, probably, you’ll find them to be more important than something else.