The Forex book is the first step for many in the forex trading journey. Whether you want an audio book for beginners, or an e-book strategy for advanced trading, we have listed the top 5 forex trading books that will benefit all traders.

Forex trading can seem like a big challenge at first; there are so many different terms, ideas and strategies that it can feel like learning a foreign language. Even the most successful forex traders have to start somewhere and a good starting place is a forex trading book. A forex manual written by an experienced trader, who can also explain things in layman’s terms, can help guide you through the basics of forex trading.

However, the market for forex trading guides is a crowded one. So, to help you out, we’ve put together a quick guide to the five best books on forex trading.

Top 5 Forex Books 2020

Anna Coulling – Forex For Beginners: What You Need To Know To Get Started And Everything In Between (Marinablu International, 2013)

Availability: Paperback and Kindle Length: 260 pages

Anna Coulling is a full-time trader and author. He has written many books on forex trading, stock market trading and volume price analysis, all of which draw on his twenty years of experience.

Coulling describes Forex for Beginners as a “primer” to the world of forex trading. It is also a prequel to his two more sophisticated works,  A Three-Dimensional Guide to Forex Trading  and  The Complete Guide to Volume Price Analysis  .

Forex for Beginners focuses on the concept of risk in forex trading. Coulling breaks this concept into two areas: Level of risk (high, medium or low) and financial risk.

Starting from the absolute basics and working in the author’s own way, Forex for Beginners can help new traders learn to assess and manage risk.

Jim Brown – Forex Trading: The Basics Explained in Simple Terms (CreateSpace Independent Publishing Platform, 2015)

Availability: Paperback and Kindle Length: 73 pages

Jim Brown is an Australian forex trader with many years of experience, Brown has written books for both beginners and advanced forex traders.

What Forex Trading: The Basics Explained lacks the length it makes up in clarity. If all the terms seem great, they shouldn’t be according to the time you’ve read them. Chapters include:

  • What is Forex?
  • Advantages of Forex Trading
  • When the Forex market opens
  • Forex pairs
  • Where we trade Forex
  • Choosing a Broker
  • Important information for US based traders
  • Lot value and pip value are equivalent
  • Information about risk
  • Fundamental news and analysis
  • Technical analysis
  • Risk-reward ratio
  • Order type
  • How many pips is enough
  • Trading psychology
  • Day trading or long term trading?
  • Keep a journal or diary

Another bonus in the book is the inclusion of a copy of Brown’s own trading system and video instructions on how to use it.

For more experienced forex traders, Brown has also created a respected book on the MT4 and MT5 trading platforms.

Kathleen Brooks & Brian Dolan – Currency Trading For Beginners (Third Edition) (John Wiley & Sons, 2015)

Availability: Paperback and Kindle Length: 384 pages

Currency Trading for Beginners is the number one forex guide on Amazon. A comprehensive guide for forex trading clients, now also in its third edition, which in itself is a sufficient recommendation.

The familiar yellow and black book cover of the For Dummies book series immediately lends this book credibility, as it takes the reader through the basics of the forex market. It explains the latest SEC regulations and tax laws, discusses risk management and thinks about the pros and cons of forex trading.

First published in 2007, the 2015 update was authored by Brian Dolan, an author and media commentator with two decades of dedicated experience, and Kathleen Brooks, a director of research for a major forex website.

Jelle Peters – Forex For Aspiring Beginners: A Guide To Successful Trading Currencies (Odyssea Publishing, 2012)

Availability: Paperback and Kindle Length: 218 pages

A philosopher and legal historian, Jelle Peters also runs a forex website, writes regular articles on forex trading and has written this popular forex guide.

Forex for Beginners Ambitious prides itself on not selling you a “fantasy” about how easy forex trading is, but showing you how to avoid common mistakes when starting forex trading.

Peters also includes lessons on forex trading strategies, technical indicators and other more advanced instructions such as how to read leather candlestick charts. At the end of the book there is a bonus quiz to help you make sure you understand the forex lessons you have learned.

Paul Langer – The Black Book of Forex Trading: Proven Methods to Become a Profitable Trader in Four Months and Achieve Your Financial Freedom Doing It (CreateSpace Independent Publishing Platform, 2015)

Availability: Paperback and Kindle Length: 83 pages

Paul Langer offers a different perspective on forex trading. While the book we see above is a forex guide for beginners, The Black Book of Forex Trading is aimed at experienced forex traders.

Although brief, this book evokes Langer’s own experience in forex trading and paying thousands for courses and systems. He uses everything he has learned to present you with three forex strategies that he believes will help you to “consistently” make money from forex trading.

A strong seller with positive reviews, The Black Book of Forex Trading aims to help you overcome the mistakes published by its author in his forex trading journey and you make money from your own trading within four months.

Forex eBooks For Beginners

Although not enough to help professional traders, FTSE-listed broker ETX Capital provides a small library of ebooks on Forex that can guide beginners in the basics of trading, find them here.