One among the many advantages of book reading is the fact that they are considered uniquely portable magic says famous novelist Stephen King. I totally agree to his statement because even forex traders can take advantage of the unique knowledge brought by several books regarding their chosen career. Sometimes, a well written finance and trading book can help you lessen the burden of hiring financial coaches to provide insights regarding market rates and behaviour. As a matter of fact, book reading is very similar to listening to a lecture but the only difference is that it can be done at any time, anywhere and any position. Book reading is a legit form of gaining vicarious experiences coming from traders whose mission is to share and educate people about their learnings. There are several books to read but for a foreign exchange trader, here is a booklist that may help you build not just your reading skills but including your trading skills too.
Sample Booklist for Foreign Exchange Lovers
For someone who loves forex trading, reading books that contain insights of techniques and market updates could be the best instrument for both relaxation and learning. Today we bring you a list of books that you can check out.
- Trading Price Action Trends by Al Brooks
Price action traders must not miss getting a copy of this book because it helps someone to easily internalize the price action concept. In most reviews, the readers said that Brooks is able to discuss the notable concepts using clear and easy and easy to understand explanations. In here, he expertly tackled the candlestick and multiple candles as price action.
- Trade you way to Financial Freedom
For a newbie FX trader, this book by Van K. Tharp suits people who wish to follow specific formulas towards trading and making a profit. This reading material is strongly recommended for newbies because it provided a step by step guide towards creating your own trading system.
- Trading in the Zone
If you are looking for a book that may boost your trading personality then this one’s for you. Written by Mark Douglas, this book is geared towards teaching its reader to establish a kind of thinking that is geared to the alignment of thoughts with the real life situations in the market. The book can serve as your reading bible because it helps you assess and improve your self worth as a trader as well as your trading values and discipline.
- Technical Analysis of the Financial Markets
This is a book that is intended for traders who wish to know more on the technical side of trading. If you are someone who finds it difficult to understand critical FX trading concepts such as indicators and chart reading, this book is a perfect material because it aims to give you a detailed discussion of strategies and tricks that will help you perform without hassle.
We reiterate that reading plays a vital role in your research and quest for strategies that can help you get better income from trading. It is then safe to say that reading is one of the best hobbies that a trader should do for the sake of knowledge and recreation.