Highlights
- “Currency Trading for Dummies” by Paul Mladjenovic, Kathleen Brooks and Brian Dolan
- “Day Trading and Swing Trading the Currency Market” by Kathy Lean
- “Japanese Candlestick Charting Techniques” by Steve Nison
- “How to Make a Living from Foreign Exchange Trading” by Courtney D. Smith
- “Forex Trading: Basics Explained in Simple Terms” by Jim Brown
The world of foreign exchange (forex) can be challenging even for experienced investors. Fortunately, there are best forex books available on currency trading, ranging from a basic introduction to the forex market to advanced strategies that include fundamental analysis and technical analysis. Here are five of the best forex books that have stood the test of time and withstood the ups and downs of the forex market.
List of the Best forex books 2025
“Day Trading and Swing Trading the Currency Market” by Kathy Lien
This is one of the best forex books. Kathy Leane is a world-renowned currency analyst, managing partner of BKForex.com and a frequent guest on Bloomberg, CNBC and Reuters shows. Now in its third edition, her book uses a two-pronged approach that combines theory and practical learning with balanced insights into fundamental and technical forex trading strategies that are designed to generate consistent profits.
“Forex Trading: The Basics Explained in Simple Terms” by Jim Brown
This best forex books is written in a clear style. Jim Brown, an experienced trader, shares his valuable insights and practical advice, helping readers quickly grasp essential concepts.
This book explains how the forex market works and covers everything from key terminology to basic trading strategies.
Plus, it provides downloadable trading indicators, so you can apply what you learn straight to your trading platform. With its clear approach, “Forex Trading: The Basics Explained in Simple Terms” is an ideal starting point for anyone looking to build a solid foundation in forex trading.
“Trading in the Zone” by Mark Douglas
Trading in the Zone by Mark Douglas is the best forex books which cannot be missed by a trader who wants to master the psychological aspects of trading.
Mark Douglas, a renowned trading coach, focuses on the mental discipline and mindset needed to succeed in the markets.
This book addresses common psychological barriers, such as fear, overconfidence, and impatience, and provides practical strategies for overcoming them.
Douglas emphasizes the importance of developing a winning attitude, maintaining consistency, and managing risk effectively.
“Currency Trading for Dummies” by Paul Mladjenovic, Kathleen Brooks, and Brian Dolan
“Currency Trading for Dummies” is one of the best forex books for beginners. It presents a clear, easy-to-read overview of the forex market and provides instruction on currency trading. In fact, it’s not a bad read even for more experienced people who need a quick refresher on the basics.
Originally published in 2011 by Paul Mladjenovic (CEO of Prosperity Network), Kathleen Brooks (Research Director at Forex.com) and Brian Dolan (former Chief Currency Strategist at Forex.com), the book is now in its fourth edition and is regularly cited by the financial media.
“How To Make a Living Trading Foreign Exchange” by Courtney Smith
Courtney Smith begins the book “How to Make a Living Trading Forex” with a brief overview of how the Forex market works, but most of his work written in 2010 focuses on making money, and he presents six strategies for earning a stable income from trading.
Smith also provides important risk management techniques and material on the psychology of trading. This includes an explanation of Smith’s unique rejection rule, a strategy designed to double the profits generated from the basic channel breakout system.
What Is Forex trading?
Forex trading is the buying and selling of currencies, also known as foreign exchange (FX) trading. It is the world’s largest financial market, with trillions of dollars traded every day.
What Is the Most Commonly Traded Currency?
The US dollar continued to dominate the list of the most traded currencies in 2022, being involved in the vast majority of any currency trade.
What is the best book to read for forex trading?
Top 6 Forex Trading Books
- Day Trading and Swing Trading The Currency Market by Kathy Lean.
- The Black Swan by Nicholas Taleb.
- Bollinger on Bollinger Bands by John Bollinger.
- Japanese Candlestick Charting Techniques by Steve Nison.
- Trend Following by Michael Covel.
- The Bank of America by Roger Lowenstein1
What is the 90% winning forex strategy?
A “90% winning forex strategy” refers to a trading approach that claims to generate a win rate of 90%, meaning that it generates a profit on 9 out of 10 trades; however, in reality no strategy exists that consistently delivers such a high win rate, and any claims of a 90% winning strategy should be viewed with extreme caution as they are often based on misleading or unrealistic assumptions.
Why do 95% of forex traders lose money?
According to most financial experts, “95% of forex traders lose their money” This statistic is due to a combination of several factors, including: lack of proper education and understanding of the market, poor risk management strategies, overtrading, not following a defined trading plan, succumbing to emotional trading, and misuse of leverage; essentially, many traders enter the market without sufficient knowledge and discipline to understand the complexities of the market, resulting in significant losses.
