If you want good forex education forget buying an e-book from a vendor for $100 or so, who has never made money in his life and get down to your bookstore and get some forex education from traders who have walked the walk - rather than simply talk the talk!
Of over 600 books I read, I have picked six that are essential reading for any trader and you can get them for $100 bucks or so, which could be the best money you ever invested.
So check out the books below and make them part of your forex education.
1. Market Wizards - by Jack Schwager
Interviews with the top traders in the world. A look at everyday life of people who make a living trading – this is simply a classic and I still find myself visiting it after 20 years and re reading it.
If you can’t learn from such trading legends as Richard Dennis, Paul Tudor Jones, William O'Neil, and Marty Schwartz – then you can’t learn from anyone!
2. The New Market Wizards - by Jack Schwager
More interviews with top traders from around the world. This book is the same format as Market Wizards and brings together some top traders and again benefits from Schwager’s great interview technique.
3. Trader Vic--Methods of a Wall Street Master Victor Sperandeo
This is perhaps one of my favorite books and you will see why after reading it, he has been such a consistent trader and his focus on long term results, money management and long term trend following are essential reading - his "2B" test technique, it is worth the price of the book alone.
4. The Zurich Axioms: Investment Secrets of the Swiss Bankers – Max Günter
I picked this book up and read it in one sitting - an absolutely fantastic, if un-conventional book!
If you have accepted investment wisdoms such as diversify to make gains be prepared to re consider your view.
It’s the type of book that is so easy to read, yet gets your adrenalin pumping with every page, until you’re buzzing at the end and want to turn on your computer and trade!
5. What I Learned Losing a Million Dollars (Hardcover) Jim Paul and Brendan Moynihan
An inspiring story of a real person who lost a million and a half bucks and tells his tale, with great insight including, even contemplating suicide at one point. If you don’t think emotions get the better of you in trading this book will show you how they can.
There are too few books that tell us how to avoid losing money they all ocncentrate on how easy it is to make money and thats what makes this book so unique.
All the mistakes that forex and other traders make are outlined, explained, and amusingly told in this boo.
The book gives you an affinity with the author which brings makes his message even more powerful.
This book is not an outline of how to trade, but how to get the right mindset.
These are lessons about how we accept a trading loss, how to learn from losing trades, and finally how each of us can be tempted to rationalize losses.
6. Technical Analysis - by Jack Schwager
There are loads of books on technical analysis and this is simply to most complete guide you can get.
It’s more of a reference book than an entertaining read, but as with all Schwagers books there is a wealth of knowledge you can tap into – Everything you need to know about technical analysis is here and the fact that I picked over John Murphy's work shows how highly I rate it.
So there you have it six different but essential reading for all traders novice or pro.
These six books together, present a great mix of forex education and I personally feel all traders should read these books.
I hope you enjoy the above books as much as I did and that they give you some great forex education and a head start in your quest for currency trading success.
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