Best Beginner Book on FX Trading Currently on the Market

books:


	• Currency Trading For Dummies (For Dummies (Business & Personal Finance)) Mark Galant, Brian Dolan For Dummies, 2007 - 360 pages average customer review:based on 8 reviews view larger image
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highly recommended

Great for Newcomers to the Foreign Exchange

The authors provide a great overview of trading in the Forex market, and I would definitely recommend it to anyone new to the field (like me). It provides enough education to get you motivated to get started, and helps you decide what specific topics you'd like to research further. Read this book first before making any other purchase on the topic.

Best Beginner Book on FX Trading Currently on the Market

Overall, I thought this book gives a great overview on how and when the Interbank FX market operates, a basic overview of technical analysis, and some useful tips on practical matters of trading like how to choose a broker/platform and what to consider when setting up a trade. Having traded the Forex market for over 2 years now and having read a number of books specific to Forex trading, I think this book is the best book geared toward novice traders currently available.

However, I felt this book could have done better in a few areas: it walks you through considerations to construct a trading plan but doesn't provide a detailed example of one (preferably the authors'). This book actually walks through a trade set up (shorting the USD/JPY) and details the things to consider, but it was picked seemingly at random (based on a double doji) and not from some back tested trading methodology. Also not covered in the book are tools to effectively back test strategies and what a sample trading journal should look like.

But like I said at the beginning, this book is a lot better than most of the other FX trading books you find on retail book stores/sites--books that are filled with marketing fluff and little practical guidelines to actual trading. Currency Trading for Dummies actually has a lot of substance and value for the novice trader.

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dont find it that useful

this book explain what currency exchange is. it also does not get into detail of how to read a currency charts.

Currency Trading for Dummies

Far better for someone starting in currency trading than other, more expensive books. Especially since this one does not try to sell you on the authors' system at $100 per month!

The best begginer book out there

Cheap, easily read, more thorough than any other introduction I've seen. Not the last book you'll ever need, but definitely the best choice for your first. Everybody says to pair it with technical analysis for dummies, but nobody mentions economics for dummies. By all means get all 3, but if you only want 2 go with economics for dummies. It will leave you much more enlightened about fundementals than Technical Analysis for dummies will do for you with technicals. And unless you're going to go all the way with TA, don't go there at all. You're better off just trading news.

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reviews: page 1, 2

Features forex market guidelines and sample trading plans

The fun and easy way to get started in currency trading

Want to capitalize on the growing forex market? This nuts-and-bolts guide gives you a step-by-step action plan for understanding and trading the forex market. It offers practical guidance and savvy tips in everything from comprehending currency quotes to using leverage, trading with fundamentals, and navigating technical analysis. Identify trading opportunities Understand what drives the market Choose a trading broker Execute a successful trade Minimize risk and maximize profit Analyze currency charts

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