So you want to know which is the Best Forex Book? Well, as you probably observed, there are a lot of different views on the answer to this question. Some websites will promote you books that are given by the Forex Brokers. But, in our guide we do not consider such books as the best ones.
We suppose that books written by broker’s analysts are not as good as books written by real professionals. First of all, real professionals do not try to promote any broker and will not tell you that some of the features that are crucial for your trading are available “only at this broker” or that you need premium account in order to become scalper.
Secondly, professional writers do not earn money from your spreads or commissions, they are not interested in the amount of trades you make per day or in your turnover. They bring your tools that you can use the way you like, without any “turnover or deal size rules” except for the strategies in which such things are really necessary.
But is there the one and only best FX book? Well, from our point of view, there isn’t. This type of trading requires so much knowledge that identifying one Best Forex Book is just impossible.
This is why we would like to present you with our Top-5 Books of choice that should be in arsenal of every profitable Forex trader!
The Best Forex Book:
This book is considered to be the best book at Forex-Library. except for Forex charting trading guide, you will get perfect printing quality and a lot of useful strategies!
2nd Best Forex Book:
This book will open your eyes on all possibilities of minute trading in Forex markets. Awesome strategies quality together with good writing style create a perfect guide for anybody that wants to be a scalper!
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Third Best FX Book:
This book is a full guide for every Forex trader. It does not just include the best existing strategies and well-known facts about trading markets. It explains what and how should be traded. Believe us, after finishing-up this book, you will be trading only “by the book”.
4th Best FX Book
Are you the master of technical analysis? Than probably you are here to share your knowledge. But if you are not, you would definitely enjoy downloading this book and getting your trading up. Pattern Cycles is definitely our Top-4 book and we insist on you having it!
Fifth Most Recommended Forex Book:
Why this book has made it to the Top-5? Because Alexander Elder concentrates not only on such important things as charting techniques and usage of indicators. He explains all important psychological aspects as well as money management essentials. And, believe us, this aspects are crucial for the best traders!
Now you know what are the best Forex books by the opinion of Forex-Library! As you could see, these books are from different categories and they differ a lot. Few of them are good for beginners and the others are made for more advanced traders.
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Best Forex Books for Beginners Recommendation
From our point of view, every trader will be able to find at least one of these best FX books useful for him. And as a recommendation for beginners, we advise them to read all of these books and highlight everything that you suppose to be important.
More to that, you can check how the strategies that are written in these books are going for you. More to that, you are able to do it for free, do not forget about existence of demo accounts at every good broker. So all what you should do is just pick up a strategy and open new demo account. Than start trading and see how it goes. If it going good, maybe this strategy is exactly what you need, but do not stop there.
It is important to experiment and try to find the best fit for you. You should not look at other traders and use their strategies just because they win win them. It will never work. You have to either read best Forex books and pick up the best fitting Forex strategy from there, or create your own on the basis of knowledge that you have gained. Do not be afraid to experiment, you will never create the best strategy without experiments, just do not stop!
Best FX Books Conclussion
Remember, good traders have a strong theoretical background but the best traders are sure that there is always a place for improvement. This is why we recommend you not to stop and read as much books as you can. You should not remember everything that was written in the next book that you read, but maybe you will be able to find one thing that you were missing from your trading in order to step on the next level!