Whats an excellent easy to read book to learn everything about the Forex/Currency trading and analysis?

5 Comments

1. Suzane P says:

   August 31, 2010 at 12:10 pm

   There are many ebooks available on the internet about forex trading strategies. You can find lot of free stuff online on forex so you can easily educate yourself. My friend, just google it out.
2. edy m says:

   August 31, 2010 at 12:10 pm

   There are a lot of book about forex trading that you can read.
   Basically you will start with psychology of trading,int this regard I can advice you to read abook:"Trading in the zone" and also "Come into my trading room"

   Then you will start to read all kind of trading book discussing analysis,from price action,charting,fibonacci etc there are plenty of book also,it deppend on style of trading you choose…

   Last but not least,you will need to read book about money management in forex…

   The following blog,have all you need:

   http://freetradingbooks.blogspot.com/
3. Daniel.Sim says:

   August 31, 2010 at 12:10 pm

   Hi,

   As a beginner, you can start to read "School of Pipsology". It is an ebook that is excellent for newbie who wants to learn all about Forex Trading. The ebook will cost you $47 and it is about 247 pages thick. There is good news too, you can visit their website babypips.com to read it for FREE. The book will give newbie an overview of forex trading technically.

   As for fundamental, I would recommend books from Kathy Lien " Day Trading the currency market" I like that book it gives pretty good view of fundamental. It cost about $30+ from amazon book store.

   The rest is supplements to read so you can improve and enhance your currency trading skills.

   Hope this will help

   Cheers
4. Joe says:

   August 31, 2010 at 12:10 pm

   Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

   Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

   Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

   There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

   Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty.

   I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
5. steven c says:

   August 31, 2010 at 12:10 pm

   Hi there
   Most of those e books are crap. You will probably have to reasearch a lot before you consider investing in forex.Of course there’s lot of resource on the web you can utilize to gain some insight in the forex market.But i wonder if that will be very quick.

   There are a lot of books available n currency trading.Try reading "new trading dimensions".