Learning to trade Forex is somewhat easier if you have experience in equities, futures, or options markets, but when you are a complete newbie, you will need to start from the basics. When learning from start, there are little as useful methods as reading the books. Forex and general trading books are so popular and numerous nowadays that it takes a lot of effort to find those pieces that will really help you. But with the presented list of recommended Forex books you do not need to search anything. Reading these books helped hundreds of traders, including me, and you will not waste your time by reading them.
Getting Started in Currency Trading by Michael Archer and Jim Bickford. From the simplest basics to the most advanced topics, this book on Forex trading explains everything in a very
Trade Your Way to Financial Freedom by Van K. Tharp. This book was written by a prominent trading psychologist and coach. It covers the most problematic aspects of currency trading — emotions, psychology, position sizing, and system development. It is easy to read and contains a lot of interesting information, besides being very useful.
Encyclopedia of Chart Patterns by Thomas Bulkowski. This book comes in a form of a real encyclopedia, except that instead of words it defines and describes the chart patterns. Chart patterns are important for technical analysis, which can be a base of many Forex trading strategies and systems. This encyclopedia contains descriptions, statistics, recommendations and examples of all chart patterns.
Beat the Forex Dealer by Agustin Silvani. It is not actually for the complete Forex newbies, but I recommend reading this book immediately after you gain the basic knowledge on trading and have some practical experience. It will help you develop real Forex trading strategy and live in the world of currency trading without any troubles.
The Disciplined Trader by Mark Douglas. Discipline is one of the most profitable virtues in the Forex trading. Unfortunately, discipline is a quality that we often lack. This book talks about discipline in trading, how it can benefit your trading results and how it can be achieved without enforcing yourself psychologically.
It is never too late to learn, so after reading all these recommended Forex books, it is better to continue your learning process and read more books, constantly improving your knowledge on the matter. This list is just a good reference for the newbie traders that are about to start reading their first book on trading.