14 Books About Forex Trading That Are Worth Reading

This article aims to introduce you to a list of books that we believe will help you better understand the mechanics of the Forex/ CFD market. We’ve included books specifically about the Forex market, as well as more general titles that will give you a better understanding of the general principles of investing. They cover technical and fundamental analysis, as well as psychological aspects, which are crucial in trading.

Forex investing books worth reading:

1. “Memoirs of a Stock Operator”, Edwin Lefèvre

A timeless bestseller, this historical fiction follows the real life of Jesse Livermore , one of the greatest stock and commodity traders in US history, who lived at the turn of the 20th century. Although the book’s plot is set over a century ago, certain things in the market never change, such as the intuitions and psychological predispositions of a currency trader . The accompanying commentary , which takes up almost half the book’s length, is helpful in understanding the historical and social context of the era.

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2. “A Time for Speculation: How Rebel Currency Traders Toppled the World’s Central Banks,” by Gregory Millman

A classic for anyone interested in finance and economics, this compelling historical book provides a true picture of the relationship between currency and politics throughout history . Historical and scientific facts are interwoven with informal anecdotes , and Millman’s writing style is quite accessible to the average reader.

This book is difficult to find online in Polish. It can be found in antique shops and auction sites, or in English in foreign online stores.

3. “Forex – turn off emotions, turn on profits. A guide for the conscious investor”, Mikołaj Rylski

A very good guide to Forex for beginners . In the first chapters, the author focuses on debunking myths about the currency market . Rylski then moves on to discuss four aspects of human personality that he considers the primary obstacles to being a successful investor : feelings, opinions, ailments, and limitations. In summary, he presents the typical investor life cycle —from amateur to professional.

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4. “Way of the Turtle: The Secret Methods That Turned Ordinary People into Legendary Traders” by Curtis Faith

In this book, you’ll learn everything you need to know to be a successful investor . Curtis Faith explains the characteristics of each type of trader, how to understand trend following, and what trend trading, swing trading , and day trading are all about . Furthermore, the author describes indicators that illustrate the differences in returns when using different market strategies .

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5. “Universal Rules of Speculation”, Brent Penfold

The presented position is helpful It’s perfect for both those just starting out in speculation and more experienced stock market players . Above all, it raises awareness of capital management . A key strength of the book are the chapters on building an effective investment strategy and position size management , though it’s worth noting that Penfold doesn’t provide readers with ready-made, perfect solutions for trading the stock market. Rather, it raises awareness of the rules that can provide a solid foundation for investing.

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6. “Investing in a Trance: Conquer the Market with Confidence, Iron Discipline, and a Winner’s Attitude,” Mark Douglas

Like the books mentioned previously, Mark Douglas’s book focuses on two key issues related to investing: psychology and the process of selecting the right trading methods for each individual . This book is a must-read for every self-respecting trader, as it addresses the thoughts, doubts, and experiences that most stock market players encounter sooner or later.

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7. “The Psychology of Successful Trading”, Steve Ward

This is a collection of 35 practical strategies that can be successfully used when investing in the stock market. The aim of these strategies is to improve the effectiveness of everyday trading activities undertaken by traders. Within these pages, Steve Ward provides readers with comprehensive training in managing their emotions and strengthening the effectiveness of decision-making in trading .

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8. “Fibonacci Geometry. A New Approach”, Paweł Danielewicz

Paweł Danielewicz discusses investing using Fibonacci ratios in clear and accessible language. The author passionately introduces readers to the world of Fibonacci numbers, discussing their advantages, measurement techniques, and harmonic patterns . A section of the book is also devoted to issues related to managing potential risks and managing positions .

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9. “Trader VIC – Methods of the Wall Street Master”, Victor Sperando

A classic forex bestseller. It contains extensive information on basic investing strategies — from technical analysis to fundamental analysis . It also covers the financial system extensively (especially the Fed ). Additionally, some chapters focus on aspects of human psychology .

PS We also recommend the second book by Victor Sperandeo entitled “Trader VIC – Principles of Professional Speculation” , which is an excellent extension of the first part in terms of market analysis and forecasting methods .

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10. “Forex Trading: The Basics Explained in Simple Terms”, Jim Brown

This publication has enjoyed enormous success on Amazon. It’s primarily aimed at beginners in Forex trading . Through it, Jim Brown strives to explain the key points of the complex currency market simply and clearly. For example, the Forex trading process is presented in a very accessible way. Furthermore, the author includes numerous links to videos and bonus materials.

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11. “Currency Forecasting: A Guide to Fundamental and Technical Models of Exchange Rate Determination”, Michael Rosenberg

This is an informative guide to the basics of forecasting currency prices in the forex market . It was written by professional currency analyst Michael Rosenberg. The book offers readers comprehensive analyses of the trade balance, purchasing power parity , and more, which will help them recognize common signs of downward and upward trends in currency prices . The author also explains the influences of interest rates, fiscal policy, and central banks, and covers currency trading methods .

Unfortunately, due to its age, the book is difficult to find. It’s worth searching for it on auction sites.

12. “Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves”, Kathy Lien

This book is truly a must-have for any serious Forex trader , though it may be difficult for beginners to understand. It explains both more technically advanced and basic trading strategies . It covers the fundamentals of the currency market and the currency characteristics that every Forex trader must know on a daily basis. A key strength of this book is its presentation of a large number of specific strategies that have been successfully used in Forex trading to date.

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13. “Stock Market, Freedom, and Money: A Speculator’s Guide,” Van K. Tharp

This book is for more advanced investors , as its examples may be confusing for those new to the Forex market. Van K. Tharp covers topics related to opening and closing positions, capital management, profit-taking, and the expected effectiveness of a developed investment strategy . The author demonstrates how traders should adapt their emotions to the current market situation .

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14. “On Speculation”, Rafał Zaorski

This book was written by Rafał Zaorski, a well-known speculator in the Polish market. He is, among others, the founder of the Trading Jam Session trading group. This book is a bit of a twist, but it can still provide valuable lessons for all investors. What’s more, it’s available as a completely free eBook!