Important books to enhance knowledge on Forex Trading.
As Forex market is the largest financial market in the world, it needs a very good amount of knowledge to trade the market successfully and make better living with it. There are many different trading methods, strategies, tools and indicators are available there to analyze and predict the future price movement of the currency pairs and make winning trades.
Below I listed few of the books on Forex Trading that I liked personally and think that can be very helpful for any trader who knows the basic rules and method of Forex Trading, and still searching ways to enhance their knowledge on different aspects of currency market behavior and the way to trade the market wisely and gain maximum profit by reducing the losses it hold.
Trading Forex with Divergence on MT4/MT5
Trading Forex with Divergence on MT4/MT5
By - Jim Brown
Pages: 82. Publisher: CreateSpace.
Divergence trading is one of the most profitable trading strategy from all the technical indicators trading strategies out there. It is the difference between what the price action shows and what the different types of oscillator shows in a specific market situation. This book "Trading Forex with Divergence on MT4/MT5" by Jim Brown is a perfect book to teach what the Divergence trading is and how to profitably identify and trade different types of divergence in the chart.
With 50+ images of illustration and chart examples, this book shows all the necessary information about divergence trading which includes - The Basic understanding of divergence and divergence trading, proper identification method of the divergences, methods to inter for trades in the divergences, stop loss and take profits, various real life examples of divergences with their trading method and many more tips and tricks to spot a correct divergence pattern using the right indicators and price action on the chart to make successful winning trades.
This is a must book for those who like to use indicators with the price action charts to get higher probability trade setups using the indicators and price action at the same time in any of the financial trading markets.
A Three Dimensional Approach To Forex Trading
A Three Dimensional Approach To Forex Trading
By - Anna Coulling
Pages: 416. Publisher: CreateSpace.
While most of the books on Forex trading contains information specifically only about the basics, technical or fundamentals analysis, this book covers all the three at the same place. This book "A Three Dimensional Approach To Forex Trading" by Anna Coulling is a unique masterpiece for the information it holds about the currency market trading.
This book does not provides any trading strategy, rather it clearly explained the different financial markets and their relationship with the Forex market. In the first few chapters of this book, it covers all the important basic information about the major financial markets like Bonds & Bonds Yield, the Equity market, the commodity market and the Forex market as well with greater level of plain English explanation to make the concepts understandable even to a beginner trader.
Later the book explained how and why these different financial markets are interlinked together. For example, it further explained the relationship between the Bond and Commodity markets, relationship The Bond and equities market, the relationship between the Bond and Currency market, etc. This piece of information is very helpful to have deep understanding of the currency market and the fundamental indicators that cause effect on its relative move.
In the last few chapters of this book, it explained the fundamental analysis and technical analysis very thoroughly and gave proper direction on how to analyze the global economies with technical chart analysis to trade the currency market by understanding two of the major important analysis method on trading the currency market.
Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes
Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes
By - Jamie Saettle
Pages: 208. Publisher: Wiley.
The book "Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes" by Jamie Saettle is a nicely demonstrated book on understanding the Sentimental trading approaches in the currency market. To trade the currency market profitably, it is very important to being able to read the market sentiment through different trading tools and analysis methods that are available there.
This book covers many of the important topics on fundamental and sentimental analysis which includes Problems and solutions of fundamental analysis, Using news headlines and magazines to get trading signals, Deep explanation on some of the major Sentiment Indicators and Technical indicators, Using the Fibonacci and Elliot Wave trading methods and many of the other important topics to analyze the market sentiment to successfully trade the currency market.
This book is a nice fit for all of those currency traders who wants to improve their trading ability to enhance the knowledge on reading the market sentiment with Fundamental and Technical analysis to make consistent profit.
