Forex trading can be a complex and challenging field, but with the right tools and resources, anyone can become a successful trader.
One of the best ways to educate yourself and improve your skills is by reading books written by experienced Forex traders and experts.
That’s why we’ve compiled a list of the top 15 best forex trading books for traders of all levels.
From beginners just starting out to seasoned professionals looking for new strategies, these books offer valuable insights and practical advice for maximizing profits in the foreign exchange market.
Keep reading to find the best Forex trading books for your needs.
Quick Links: Click below to jump to a section of books
Learning to trade the markets with any asset can be daunting, especially with SO many books available.
What many forex traders don’t know is that you can learn how to trade the forex market and apply the exact same principles to trading the stock markets (and vice versa!).
That is one of the main reasons why so many forex traders struggle to find a good forex trading book to sink their teeth into and come out the other end a better trader.
There are hundreds of books out there, but the main question is – which is the best forex trading book?
The answer: none – there is no single best forex trading book for forex traders.
The combination of ideologies, strategies, and processes will make you a better trader.
The books we have in this list cover every aspect of forex trading.
Most of the authors are credited, long-term, profitable investors – that don’t sell courses online.
This is where the beauty of reading the books on this list:
You can literally gain an incredible insight into some of the best traders that ever existed.
So we have listed the 15 best forex trading books below for you to add to your library and get some of the best insights from the very best traders.
These books are on Amazon, so if you fancy having a full read – go ahead and click the links.
TL;DR:
All of the books in their respective categories are great for anyone.
Here are our top 5 must-reads:
However, there is one book that will take anyone with a slight interest in how to learn forex trading and elevate them into a true, profit-pulling, trader.
This is the Forex Trading Guide book.
Top 5 Forex Trading Books
That every trader must read in their lifetime.
Street Smarts – High Probability Short Term Strategies
Long Term Secrets To Short Term Trading
Diary of a Professional Commodity Trader
Technical Analysis of the Financial Markets
Bonus: The Forex Trading Guide
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Best Forex Books for Beginners
These books are aimed at anyone who has yet to grasp the core concepts of forex trading and wants a book as a starting point.
Admittedly, you should just view our free forex course if you want the basics and a good understanding.
Other than that, if you want a book to put on your bookshelf or take away on holiday to read, these are the best forex books for beginners.
Alternatively, you can learn about Forex Trading for Beginners through this guide.
Currency Trading for Dummies
Currency Trading For Dummies breaks down the fundamentals of forex trading in their world-renowned way.
You can expect to pick up the basics here and is a great starting point. Yet the information contained here is pre-understanding strategies, methodologies, and concepts of trading the forex market with your money.
In other words:
This is the theory test, before the practical driving test.
The language used is down to earth and easy to process, whilst making it light humour to learn the process of trading forex.
Overall, this book is perfect for those who want an introduction to the forex market.
Forex for Beginners
This book covers some of the core concepts and cleverly breaks down the jargon into understandable chunks.
Although this book is for beginners, you do get thrown into the deep end and touch on trading approaches such as Volume Price Analysis and risk management.
A good book for those looking to have an easy introduction to trading forex.
Best Forex Trading Books for Technical Analysis
In this section we will list the best forex trading books for technical analysis, these books focus on strategies, methodologies, and how to trade the forex market.
Most of these books will overlap, but reading them all will deepen your understanding of how it works and how to manipulate trading data and price action.
You can also read our more in-depth reviews of the best technical analysis books here.
Here is our selection of the best forex books for technical analysis:
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
This is a mammoth of a book on technical analysis and should be a cornerstone of any trader’s library.
The author, John J. Murphy is a highly respected technical analyst who’s been a figurehead in the markets on the subject.
This book is huge and is essentially an extremely detailed glossary of all technical patterns and indicators.
If there is ever going to be an investment in a forex trading book, then this is it.
Bollinger on Bollinger Bands
A book from the creator of the Bollinger Bands. He explains in-depth use of how Bollinger Bands are meant to be used and how to take advantage of them.
This book is written by the founder of the methodology, John Bollinger, so you will learn directly from the creator!
It’s rare that you can get a peek behind the curtains of how something works in the trading world, so this book is certainly worth a read!
Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading
Don’t let the title throw you, this book’s lessons easily translate into the forex market.
Peter Brandt has been in the industry for a LONG time and has decades of proven success.
This book is amazing if you want to follow an accountable series of trading sessions whilst being taught valuable information.
Long-Term Secrets to Short-Term Trading
Larry Williams is a world-renowned technical analyst who’s dedicated his professional career to sharing his knowledge of trading the markets.
Some of the most successful strategies have come from traders basing their ideas and methodologies on Williams’ principles.
This is a great read if you want a solid foundation of the markets and how to profit from them in a shorter time period.
Street Smarts
This is a fantastic resource if you want to improve on your knowledge of forex trading and transition them into trading strategies, then this book is for you.
It’s actually considered one of the bests books written on trading.
With 20 strategies devised by two top traders, it’s well worth a read.
Way Of The Turtle: The Secret Methods That Turned Ordinary People into Legendary Traders
At some point during your learnings of forex trading, you will come across the term Turtle Trader/Trading.
This was a case study of how anyone, when taught the right system, can become a successful forex trader and profit from the forex market.
The strategy is enjoyable to learn about through the book and has been proven to work.
This book is a bit of a lighter read than the others and is very focused on the strategy and the story behind it.
It doesn’t really explain all the forex trading indicators but focuses primarily on the trend trading turtle system only.
New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities
Bill Williams is known for creating several technical indicators to predict market movements with high probability.
This book dives straight in and explains the systems that he has modified for the current markets.
This is the reason why the second edition is recommended instead of the first, it’s up to date and possess every you need to pick up his best systems.
How to Trade in Stocks
Don’t let the title put you off, his analysis works across all assets!
Jesse Livermore was one of the worlds best traders at the time, a trader who made and lost fortunes many times over.
More importantly, he knew what he was doing and where he was going wrong.
His trading style works in today’s currency market and will forever do so going forward.
If there is one book you pick up today, make sure it’s this!
The Logical Trader
This book is an in-depth analysis of the trading system that was developed and refined by Mark Fisher from his many years’ success in trading.
A lot of it makes sense and I highly recommend you read the book for his system.
It’s a system that can be used each day and after enough practice, can be a great strategy to have in your locker.
It’s an easy read with no fluff, worth it.
New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion
If you’ve yet to read about the DeMark indicators, then it is time to pick up this book.
The DeMark indicator is proven to predict currency market trend changes and how to capture them with accuracy.
The book contains a system ready to implement and gets you going from the start.
Best Forex Trading Books for Knowledge
The books in this section are to give you an overview and insights into prolific traders as well as teach you some golden nuggets passed on by them.
These books are for forex traders who know about the forex market and have a strong grasp of technical analysis.
Let’s begin:
The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management
One of the best-selling trading books of all time has been updated.
A completely revised and expanded that brings time-tested concepts in line with today’s currency market.
Certainly, a must-read covering every aspect of trading that is left out from other books about trading.
Market Wizards, Updated: Interviews with Top Traders
Ever wondered how the best traders in the world think and use their systems? Well in this best selling book you can find out how.
Interviews with some of the most profitable forex traders in the world, the likes of Paul Tudor Jones and Marty Schwartz.
This book exposes the mindsets and ideologies on how they achieved their successes.
Based on many of the top traders, and a very well conducted series of interviews I think you will enjoy this purchase for forex traders seeking to learn from the best.
The New Market Wizards: Conversations with America’s Top Traders
Following on from the success of the first book, this book covers even more successful traders who leave nothing behind in this series of interviews.
In my opinion, reading these Market Wizard books provide outstanding insight into the minds of the very best.
Tony Robbins says that success leaves clues – well, the Mark Wizard series is the yellow brick road.
Market Mind Games: A Radical Psychology of Investing, Trading, and Risk
Have you watched Billions yet?
If so, the character Wendy Rhodes (The hedge funds performance coach) is based on the author of this book, Denise Shull.
This book is fantastic and a must-read for anyone who wants to transition properly into taking trading seriously.
Performance coaching is essential in today’s world, especially with how fast the forex market move.
You can win and lose on the same day and that will obliterate morale for the uneducated.
Pick this book up if you want to go to the next level.
BONUS #1: Get Any Book for FREE in 3 Easy Steps
If you haven’t got a Kindle Unlimited account from Amazon, there is a free trial – so you can get 30 days free & most of the trading books for £0.00.
You can get access to the books on this list for free:
These are digital copies, so you can read them anywhere and they won’t take up any shelf space!
To get it for FREE, all you have to do is the following steps:
Step 1:
Get Amazon Kindle Unlimited Trial – Free for 30 days + Access to Trading Books – Click Here
Step 2:
Search for any book you wish on Amazon – CLICK HERE
Step 3:
You will now have access to any of the Kindle Unlimited books, completely free for life to use and get an insight into the forex market.
Please note: You will be subscribing to Amazon Kindle Unlimited for a free 30 day but you can cancel at any time without paying a penny. However, by subscribing you’ll get access to some incredible eBooks that will help you on your trading journey.
BONUS #2: Get Any Audiobook for FREE in 3 Easy Steps
If you haven’t got an Audible account from Amazon, there is a free trial – so you can get 30 days free & a book for £0.00.
You can get access to the books on this list for free (& keep it):
But I would recommend getting any of the Market Wizards as they aren’t as graphical and chart dependent as the other books.
To get it for FREE, all you have to do is the following steps:
Step 1:
Get Amazon Audible Trial – Free for 30 days + 1 FREE Audible – Click Here
Step 2:
Search for any book you wish on Amazon Audible – CLICK HERE
Step 3:
You will now have the Audible copy, completely free for life to use and improve your life.
Please note: You will be subscribing to Amazon Audible for a free 30 days but you can cancel at any time without paying a penny. However, by subscribing you’ll get access to some incredible audiobooks that will help you on your trading journey.
Overall Best Book For Forex Trading
The choice of which of the numerous excellent books available on forex trading to read ultimately depends on your learning objectives and personal preferences.
Personally, I believe the following book is one you ought to read at least once:
Street Smarts – High Probability Short Term Strategies
If you are looking to advance your short-term trading?
The best-selling guide from two well-known authors and traders is all you need!
This book teaches you 20 of their finest tactics and is jam-packed with 25 years of combined experience, including swing trading from Linda Raschke, the New Market Wizard.
Additionally, it covers everything from gap reversals and Crabel to pattern recognition and ADX volatility. Don’t pass up this professional advice on short-term trading approaches and tactics!
It’s crucial to conduct your own research and pick a book that fits your learning preferences and objectives.
Wrapping It Up
Overall, the way I see forex trading books as snippets of invaluable information left on paper by successful traders.
In today’s information age, that is the problem – too much information, no action is taken.
If you read just one of these books you will raise your standards in several areas, not limited to trading – this includes decision-making, discipline, and critical thinking.
What should you do now?
– Go open up a notepad app like Evernote or Notes (or go old school and grab a pen and paper)
– Bookmark this page
– Read some reviews of the books, find which ones interest you the most
– Re-read the snippets on this page to gauge which ones to invest in.
– Buy Invest and read the book(s)
– Apply your knowledge
These books are investments.
Investments in your future, yourself and you will hopefully pick up the lessons inside each book, learn something new and apply it to your trading. Hopefully, a single trade will earn you the money back and more.
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