5 min read · Sep 30, 2021
What are the best trading books in 2021?
No One can deny that learning is the best way to sharpen your skills in every field. Forex Trading writers are generally people who share their acquired expertise during their Trading journey. The forex trading books listed in this article provide various perspectives and strategies for new and experienced traders alike to help you attempt to profit from the currency market.
The second way to learn is to practice. In fact, beginners look for magical tips to succeed from the first shots which can be possible. To achieve this goal, TelegramFxCopier helps beginner traders to copy experts positions (signals and strategies) and executes them in MetaTrader Platforms ( MT4, MT5)
Here’s the list of the best forex trading books in 2021 that may help you to trade:
- Forex Trading: The Basics Explained in Simple Terms, by Jim Brown
This is among the best forex trading books where Jim Brown explains the basics of Forex trading for beginners. The Author makes a living from trading Forex, trading mainly off the 4hr or Daily charts, and became intrigued by currency exchange and its profits at a private gathering for stock traders. Some of the basics covered are:
- The definitions of forex and forex markets
- Strategies for entrances and exits
- Trading psychology
- The ins and outs of forex pairs
- Places to trade foreign currencies
- Tips for how to choose a broker
Brown also offers up his own trading strategy that a novice can use, or at least be inspired by, and use as a guideline for creating a personalized one.
- Market Wizards — Jack Schwager
You can be successful by following the success clues of past traders through reading. They were elite in their niches. Jack, the writer of several forex trading books, used “Market Wizards” to relay experiences of discipline, tribulations, and successes. The book provides profound insights into the traders’ emotions when they trade. There is a slight bent towards trend-following in the book that Schwager correctly notes is one of the best recipes for long-term success in trading and investing. But more than that, Schwager notes that all the successful traders put a huge amount of importance on risk management, and controlling their downside.
- Trade Your Way to Financial Freedom — Van K Tharp.
In this book, the writer shows how to set a trading plan and to choose the right strategies. Knowledge accumulation lets you build your personalized plan for how you will trade. View this as a workbook, with most of the chapters laying out steps to complete before moving on.
- Day Trading and Swing Trading the Currency Market — Kathy Lien
This can be considered as one of the best professional trading strategies books because is dedicated to people who want to learn about day trading or swing trading. Kathy Lien provides methods that can be used by traders for short-term trades (day trading) and longer-term trades (swing trading).
- Intermarket Analysis — John Murphy
This is another great book Intermarket analysis is the study of how markets interact to predict where prices may head next. For example, if bonds and stocks are doing well in certain countries, this may affect related currencies. If the US dollar is strong, this may affect commodity prices. The book provides a framework for understanding how forex prices move in relation to other assets.
Audiobooks are the perfect way to learn because you can listen to your favorite books while working, driving, or doing anything that doesn’t require too much attention. Traders are also interested to know about the best forex trading audiobooks. Here is what we found for you:
1–30 Minutes with a Forex Trader
Get valuable insights into the strategy, mindset, and psychology of a professional trader. It gives a personalized and comprehensive look at trading from an experienced currency exchange investor. In essence, this audiobook will help you understand how currencies are actually traded, the way forex traders think about their craft through quotes and interviews with seasoned currency investors from around the world.
2. The Little Book of Currency Trading
The Little Book of Currency Trading is one of the best forex trading audiobooks available — and a friendly for both beginners and experienced investors alike. It cuts through the jargon and offers fresh insight into what works, with a good dose of plain speaking thrown in for good measure. From the basic tools of currency trading to the financial news, The Little Book of Currency Trading will give you a better understanding of what makes currency markets move and how you can play them.
3. The Daily Trading Coach
Before you decide to become a day trader, you should know that emotional discipline and strategy (to manage Risk and money) are the keys to success. I consider “The Daily Trading Coach” among the best trading psychology books show you how to
To build that strategy and your knowledge of technical analysis, you need The Daily Trading Coach. In this audiobook, best-selling author and widely recognized trader Mark Douglas teaches you how to eliminate unnecessary distractions and focus on what matters.
Learn the key elements to successful trading, such as risk management, trade selection, money management, and psychology. The Daily Trading Coach will control your emotions in the market and confidently enter into and manage trades. This audiobook features a program designed for all traders at any level who desire consistent profits with reduced stress.
