Top selling forex books
Seasoned technicians will discover how joining Japanese candlesticks with other technical tools can create a powerful synergy of techniques; amateurs will find out how effective candlestick charts are as a stand-alone charting method.
In easy-to-understand language, this title delivers to the reader the author's years of study, research and practical experience in this increasingly popular and dynamic approach to market analysis. The comprehensive coverage includes everything from the basics, with hundreds of examples showing how candlestick charting techniques can be used in almost any market. He explores crucial factors in the markets that most experts overlook, including time, volume, and open interest, and describes little-known indicators to track them profitably.
In addition, he covers many of the more technical approaches to investing in futures, such as factoring in the meaning from the Elliott Wave, oscillators, moving averages, Market Logic, and point-and-figure charting. His unique viewpoints in this overly saturated genre explain his particular view that most traders sabotage themselves, while offering tips for others to avoid doing the same.
The narration by Richard Davidson soundly guides the listener through this highly specialized work that, although first published seven years ago, remains recommended for university libraries supporting a finance and business curriculum. This book systematically explains the theory of technical analysis, presenting academic evidence both for and against it. Using hundreds of fully updated illustrations, the authors explain the analysis of both markets and individual issues, and present complete investment systems and portfolio management plans.
They present authoritative, up-to-date coverage of tested sentiment, momentum indicators, seasonal affects, flow of funds, testing systems, risk mitigation strategies, and many other topics. Now, in Bollinger on Bollinger Bands, Bollinger himself explains how to use this extraordinary technique to compare price and indicator action and make sound, sensible, and profitable trading decisions.
Concise, straightforward, and filled with instructive charts and graphs, this remarkable book will be essential reading for all serious traders, regardless of market. Bollinger includes his simple system for implementation, and techniques for combining bands and indicators. Available at Amazon and other stores. Good books about forex The best forex books challenge you to think about your own trading, teach you a specific skill or show you how some highly successful traders operate.
Day Trading the Currency Market Written by Kathy Lien—chief strategist for the number one online currency broker in the world—Day Trading the Currency Market reveals a variety of technical and fundamental profit-making strategies for trading the currency market, and provides a detailed look at how this market actually works.
Market Wizards What separates the world's top traders from the vast majority of unsuccessful investors? Trading in the Zone Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. Mastering the Trade Excellent selection for anyone wanting to make a living trading. Technical Analysis of the Financial Markets This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets.
Japanese Candlestick Charting Techniques A form of technical analysis, Japanese candlestick charts are a versatile tool that can be fused with any other technical tool, and will help improve any technician's market analysis.
Technical Analysis This book systematically explains the theory of technical analysis, presenting academic evidence both for and against it. A book that has been out for an extended period of time, will have been read and probably reviewed by several other people.
You can quickly eliminate the sub-par books by researching reviews on them. Plus it takes quite a bit more effort to write a book than it does to write a website or a blog article. Not everyone is going to take the time and effort to do it properly- particularly if they are just in it for quick money or to sell you some software or automated trading robot. New traders have to start somewhere. It's a great platform to start learning how the market works, driving factors, and how to effectively trade.
Advanced traders may not take much from it as is implied from it being a 'for Dummies' book, but it may be worth a look to refresh the basics if you've hit a downswing in performance. This book also offers an excellent, easy to understand introduction to fundamental analysis.
Psychology and the mind are the greatest hurdles to overcome in successful trading. It provides insight on looking past the perceived randomness to make accurate assessments of trading risk based on fact. The misconception of successful forex trading being purely random sabotages the success of many new traders.
If you haven't yet found a strategy that speaks to you; this offering from Kathy Lien may be worth a strong look. Kathy presents a number of strategies for longer time frames that span both types of analysis. Her book differs from others in that it does not rehash the essential basics while only briefly touching on the strategies.
The focus is more on the strategies where it should be. This practical book touches on many important areas for the forex trader such as forecasting and understanding the market, charting methods, insights from an experienced trader, and risk management.
As a guide, it's a great platform for the new trader or for an experienced trader to add to their toolbox. This book is specifically built for the risk-adverse trader. It is written with retail and long-term traders in mind rather than being splashed with material aimed at professionals. The psychology game is an important one to win in forex trading. Brett Steenbarger addresses many psychological points and corrects misconceptions in this piece of work.
His body of knowledge on the challenges traders face does come from his own mentoring and coaching activities. It should be noted that this book may not provide a great value to retail traders who do not have the same body of resources that an institutional trader may have through their company. Jack Schwager has done a couple different "Market Wizards" books that are collections of interviews with successful traders.
These books are an interesting glimpse into the personalities and approaches of several successful traders. They may not provide active tutorial or pure educational material; but there is a lot to be learned from those that walked the road ahead of you. Any of this series are a worthwhile read. An oldie but a goodie, "Japanese Candlestick Charting Techniques" is considered a must have by many technical traders.