Great Forex books for begginers and experts

Christmas is near, its cold outside and you might be looking for some nice currency trading books. In next few lines I'll offer you some great Forex books, both for beginners and for those who are experts in Forex trading. So let's start.

Day trading for dummies


The first book I would like to introduce to you is "Day trading for dummies". It is another one of the "for dummies" series and it is talking, as the name says, about day trading. Day trading is undoubtedly the most exciting way to make money from home but it's also one of the riskiest. Before you begin, author says you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummies—the low-risk way to find out whether day trading is for you.


You can have your own copy of this book if you order it HERE


7 Winning strategies for Trading Forex

Many traders go around searching for that one perfect trading strategy that works all the time in the global FOREX (foreign exchange/currency) market. Frequently, they will complain that a strategy doesn't work. Few people understand that successful trading of the FOREX market entails the application of the right strategy for the right market condition. 7 Winning Strategies For Trading Forex covers: - Why people should be paying attention to the FOREX market, which is the world's largest and most liquid financial market - How understanding the structure of this market can be beneficial to the independent trader - How to overcome the odds and become a successful trader - How you can select high-probability trades with good entries and exits. Grace Cheng highlights seven trading strategies, each of which is to be applied in a unique way and is designed for differing market conditions. She shows how traders can use the various market conditions to their advantage by tailoring the

Look for this book HERE


The 10 Essentials of Forex Trading

No matter your level of trading experience, you can develop the skills you need to become a consistently successful foreign currency trader-from using the right trading tools and balancing equity management to trading in buy and sell zones and identifying trends and trendlines. You'll discover what drives the Forex market and how to navigate the three stages of Forex trading: acquiring new trading rules, controlling disciplined thought, and implementing disciplined action.

Buy this book HERE


Forex made easy: 6 Ways to Trade the Dollar

The foreign currency market is the largest financial market in the world, and foreign exchange trading is quickly becoming one of today's most high-profile, potentially lucrative markets. One problem is that books on the topic are complex, technically dense, and difficult for Forex novices to grasp.

FOREX Made Easy is the first book to approach the topic in a detailed yet accessible style, gradually and deliberately moving from simple to complex in easy and natural language. Author James Dicks--founder of the popular trading software 4X Made Easy--draws upon his trading knowledge to give readers only the information they need, from setting up a workstation to trading electronically.

Amazon offers this book right HERE

Forex Wave Theory: A Technical Analysis for Spot and Futures Curency Traders

Forex Wave Theory provides spot currency speculators and commodity futures traders with an innovative new approach to analyzing price fluctuations in the foreign exchange.

Written by Jim Bickford, a successful veteran online spot currency trader, this expert financial tool explains the four most significant categories within technical analysis_pattern recognition, econometric models, crossover trading systems, and wave theory_and includes critical definitions of technical terms.

Forex Wave Theory examines in detail different length cycles of two through six waves, with special emphasis on their predictive reliability. The book also converts raw security data (OHLC quotes) to swing data through the application of a refined minimum reversal algorithm.

Look for this "must have" Forex manual HERE


This was just preview, you can find bunch of another Forex books on this link -> Top FOREX Books

Choose your mathematical algorithm to win on Forex

The trend in Forex trading systems is towards using complex mathematical algorithms to predict Price turns in the market but which are the best? Lets take a look...

Lets first of all define what a mathematical theory is - it's a theory that works all the time. Now as yet, there is no algorithm that works all the time and the reason is quite simple - the markets don't move to certainties just probabilities but are any of these complex theories able to make a profit?

Most Forex trading systems that make money are simple not complex!

The more complex you make the rules the more likely it is to fail as there are too many elements to break.

You see a lot of vendors selling systems online which are supposed to beat the markets but they don't. These vendors simply do a back test on data knowing the closing prices and bend the system to fit the data. Going forward of course you can't do this and the system collapses and loses.

We see technology enrich our lives in many areas but in the Forex market technology and complicated theories don't and the reverse is true they help you lose. If you want an example of how technology doesn't help you then consider this:

30 years ago 95% of traders lost and the ratio remains the same today, despite the amount of technology traders throw at the market.

If you want to enjoy trading success, forget about technology and complication and keep it simple and robust; you then need what I will refer to as the missing link and that's the correct mindset.

Trading is not about just a method, it's about having the discipline to apply it.

If you don't have the discipline to execute your trading signals, you have no system.

You have to trade with discipline through periods of losses until you hit a home run and this is something most traders simply cannot do. They either think they won't face these periods or lack the confidence to have the discipline required.

The Good News

Is anyone can learn to trade, as trading is essentially simple and anyone can adopt the right mindset if, they have confidence in what there doing and they have the right Forex education.

If you want to win at Forex, forget mathematics and complex theories, use a simple one instead, apply it with discipline and you will be well rewarded for your efforts.

Who is broker in forex trading?

Forex, also known as the Forex Exchange Market (or the "FX" Market) is involved in the buying of currency while at the same time, selling of another currency. A broker is an agent who works in the role of an intermediary between the trader and the client. He or she is a shrewd negotiator when it comes to drawing up contracts for the sale of currencies. Broker Forex trading takes place in the Forex market which is the largest financial market in the world and boasts a daily turnover in the area of $1.2- 1.9 trillion USD.

The currencies utilized in broker Forex trading are always quoted and traded in pairs. The currency listed first is referred to as the base currency while the second one is known as the counter currency or quote currency. To use an example of broker Forex trading in pairs would be the US dollar traded with the Japanese yen (USD/JPY) or the Euro traded with the American dollar (EUR/USD).

It is in the wholesale market of broker Forex trading that currencies are referred to by using five important numbers and the last number (or placeholder) is given the name point or pip.

The broker Forex trading market has a great deal more buyers, sellers and daily volume turnover than does any other financial market on the globe. The Forex market is open 24-hours a day, six days a week with the first trading starting every day in Sydney, Australia. As the business day begins in other financial business sectors so does the trading. After Sydney, Singapore is next, then Tokyo, followed by London and New York City, which comprise the largest and most powerful financial centers in the world.

For example, at 5 PM on Sunday the broker Forex trading begins in both the cities of Sydney and Singapore, followed at 7 PM by Tokyo. Next to commence trading is the city of London, England at 2 AM and then New York City begins at 8 AM in the morning.

Forex is a unique market in that it makes it possible for it's investors to immediately respond to fluctuations in currency whatever their cause, be it an economic, political or social upheaval. Most importantly, whenever they take place. There is no waiting until the sun comes up to deal with a tenuous currency issue, it can be dealt with at 3 AM or 3 PM, whenever it is necessary. It is because of this that the currencies that are traded on a daily basis are not at risk of what is known as "after hours" reports and/or a loss in value.

The Forex market, with its hustle and bustle of broker Forex trading going on in high volume, has no specific physical address as stock markets do. It is instead called an "interbank" market or an "Over The Counter" (abbreviated as OTC) because all currency transactions take place either via telephone communication or by way of an electronic network.

Besides the advantage of being available 24 hours a day, the Forex market has other advantages. This market boasts the highest liquidity of any market in the entire world; large amounts of money are lessened due to its 100-to-1 leverage and more than sixty currencies allow for trading that is free of commission.