Forex Book

Technical Analysis of the Currency Market is a book written by famous Forex market analyst Boris Schlossberg (he have been working for such industry giants as FXCM and GFT). The book is very easy to read, well structured and explains the most popular and basic techniques that can be used by almost any beginning trader. It won’t teach you how to become rich, it also can’t help yo if you are already an experienced Forex trader; but if you are relatively new to Forex and are longing to the technical trading, this e-book will allow you to master all the aspects of currency trading: charts, patterns, trends, ranges, Fibonacci, money management. The final chapter is a real cherry on top as it puts everything together and explains how to actually apply all the knowledge that is shared in the previous chapters.

Profiting in Forex is actually a set of presentational slides by Steve Nison that explain how to use the candlesticks to catch the next move on the Forex market. It’s done in a very descriptive manner — all slides are very easy to read and understand, while each of them consists of a complete thought or advice about trading. The e-book covers all sorts of topics connected with candlestick trading. It’s a real practical manual without any theoretical lectures. You will find out the best-working patterns specifically for Forex market and you will also find out what patterns rarely work in Forex. I consider this e-book a real treasure for all those Forex traders that like me don’t like to use multiple indicators and prefer bare charts. The end chapter of the book is a bonus — «Steve Nison’s Forex Trading Lab», where the series of chart pattern examples are given in a question and answer type of study.

Beyond Candlesticks — New Japanese Charting Techniques Revealed is trading book by Steve Nison that follows his previous works Japanese Candlestick Charting Techniques and The Candlestick Course and goes deeply into the candlestick patterns and supporting methods and techniques. In this book author continues to view the Japanese candlestick charts as the best map of the market situation a trader can use, but it proposes not to limit oneself with the basic patterns and move on to applying other price charts techniques to the usual trading. The book features the basics on candlesticks, the patterns, the summarization of the candlestick patterns and charts, moving averages and the candlesticks, three-line break charts, Renko charts and Kagi charts. Recommended if you are fan of the Japanese candlestick charts and want to learn new ways of interpreting.

Bollinger on Bollinger Bands is book written by the creator of one of the greatest technical analysis tool (Bollinger Bands) — John Bollinger. He created the method back in 1980s when he was new to the markets and financial trading and needed some tool that would fit his trading philosophy and wouldn’t lag much like so many other popular technical indicators. This book is a self-study of the developed indicator and the techniques that are based on it. John Bollinger is the opponent of the very popular trading myth of «buying low and selling high». Instead he offers his own approach to the trading philosophy and explains it in this book. Here you will find a descriptive research of this technical analysis tool, three simple trading system that employ the Bollinger Bands and new method to confirm predictive chart patterns using multiple timeframes and moving averages.

Selective Forex Trading promises to teach the trading technique that allows long winning streaks in Forex without losing a position. This technique was developed by the author of this book and is called S90/Crossover, which name refers to the author’s last name and 90% winning probability. Not that I am huge believer in the trading systems with the high accuracy expectations, but this Forex book has something interesting to offer. It provides a whole trading strategy based on the candlestick chart, River Oscillator Indicator (ROI), Fibonacci retracement levels and the basic line drawing. The author states that this system should be used alone without mixing with some other trading methods or previous strategies of the trader that wants to succeed with this new «selective trading». It’s quite an easy trading system and if you are newbie at Forex I really recommend it as your first one to start with.

Forex Wave Theory (A Technical Analysis for Spot and Futures Currency Traders) is a Forex technical analysis book about the wave cycles written by James L. Bickford. The purpose of this book is to answer the most important questions of the technical analysis — where and when. Where one wave starts and another finishes? Where are the critical points for setting of the stop-loss and take-profit levels? When is the right time to enter a position and when is the best time close it? Wave theory isn’t something fundamental and monolithic — there are many theories, many authors and many followers of different wave analysis practices. This book tries to research the most prominent of the theories and offer the practical methods of trading based on these theories. The wave cycles of various periods, length, and depth are described in details throughout the main part of the book. The final chapters are dedicated to the advanced parts of trading with the waves and dives into the theory of fractals.

21 Candlesticks Every Trader Should Know is both the learning book and the handbook in one. First, it will teach you how to interpret the Japanese candlestick charts, where to spot anticipation patterns, why it works at all and the basic rules of trading with the patterns. Second, it thoroughly describes 21 candlestick patterns that allow Forex (and not only Forex) traders to perform profitably on any type of markets — ranging, trending or a sideways saw. It starts off with the easy and popular chart patterns — such as doji stars and inverted hammers and finishes with some rather exotic candlestick patterns as black crows or harami. The exceptionally good thing about this book is that it doesn’t contain any extra information, it’s not very long and you can always keep it somewhere near your trading workplace to consult it when you spot some interesting chart pattern.

Optimal Trading Strategies is a book about the trading strategies — be it a Forex market or stocks. Optimal trading strategies have several things in common and for you not to wonder what are these things, how to find them and how to develop them in some other strategies, this book will show you in details why some strategies are better and what trading strategies work where others fail. Definitely not an easy read with almost 400 pages, «Optimal Trading Strategies» uncovers everything related to optimizing the strategies — starting from the transaction costs involved into the trading (spread for the Forex market) and finishing with the advanced trading techniques that involving dozens of math formulas that can really help all the traders that understand their profession at a very high level.

Beat the Odds in Forex Trading is written by the prominent Forex trader Igor Toshchakov, who is better known under his nickname L.A Igrok and the similarly named trading method by his authorship. The presented book is dedicated to detecting and benefiting from the high-percentage currency market patterns. The proposed method employs the short-term technical analysis and the special money management techniques. Upon introducing the basics of the method developed by him, Igor proceeds to the actual systems and strategies that can use this method as the basement for their rules. The offered short-term and intraday strategies are thoroughly described with all the applicable rules and conditions — both for entries and exits. In the final chapter of the book, the author gives out some templates that can help with the proposed technical trading systems.

Forex Revolution is an introduction and a guide into the world of Forex trading, which stands up from the several points of view — the basic, the fundamental, the technical and the professional. The book by Peter Rosenstreich approaches the Forex trading as a daily activity with the advantages and problems that are specific to any type of job, offering his own methods to employ its benefits and neutralize its disadvantages. The history of the currency trading is presented as something very important and is described thoroughly, while the some insights for its future are also given and they certainly deserve your attention. Forex Revolution will be an interesting book to read not only to the Forex beginners (on whom this book is actually aimed) but also to the professional traders that seek to gain more fundamental knowledge about the market.

New Trading Dimension is another book by the financial trading genius Bill Williams. Bringing the chaos theory into the trading is one of the most notable Bill’s ideas that have brought him success and allowed him to share his knowledge and techniques to make other financial traders succeed through these innovative and natural trading methods. This book explores the psychological abilities of every man and woman that allow succeeding in trading the currencies or in any other market, if the proper techniques are used. The non-linear methods proposed by Bill Williams offer a new approach to the technical analysis, which usually relies only on the straightforward liner and static analytical math. The good thing is that you don’t have to be a mathematical guru to understand everything presented in this book. All you have to do is to read it and apply the received knowledge in your actual trading.

The Trading Game is the new classics of the money management theory for the financial trading and investing. Ryan Jones starts off with showing some really evident examples of why the money management is so important in every activity that involves risk, then he continues with descriptions of some classic theories and techniques regarding application of the money management in the trading. Then he proceeds to explaining his own vision of the risk control and the reward-to-risk scheme, offering a completely new technique, which he calls Fixed Fractional and Fixed Ratio Trading methods. The main focus of the chapters, describing his methods, is on the proper relation between the risk, reward and the total trading account size.

Surfing the Market Waves is a documentation e-book written by Jan Arps to explain the usage techniques of the certain market indicators that were released in his Swing Trader’s Toolkit in 1998. But because the indicators of this toolkit (Elliot waves, ZigZag, various pivot points and Fibonacci retracements) are available to any Forex trader today (for example from MetaTrader 4 platform), the documentation from this book would be useful to any trader. The main idea of the book is to show the right techniques to use the right indicators in order to trade on the market swings — e.g. to buy near the low of the trend and sell near the high of trend. One of the best features of the swing trading techniques offered in this book is the low risk/reward ratio, which is keeping your capital safe and allows you to gain the profits.

Essential Technical Analysis is one of the many fundamental works on the technical analysis for the financial markets. This book probably won’t be very interesting to the experienced traders that already employ their own technical strategies and know a lot about the technical analysis from their own experience or from the knowledge earned before. But this book will definitely help to put a complete trading rookie on the hard rails of the technical analysis. Without going deep into describing and explaining every possible chart pattern, Leigh Stevens offers deep explanations of the basic principles of the technical analysis. All known problems, advantages, disadvantages, myths and other related facts a detailedly researched in this book.

Trading with the Odds is the untraditional view on the traditional technical analysis. The author offers a scientific approach to probability and statistics evaluation with the simplicity that makes it accessible by a common financial trader. This book proposes a new way to look at the markets — simultaneous views from the most important angles with the following compilation of the analysis results. The knowledge gained from this book will help you to replace empirical methods with mathematically derived models, manipulate the data to improve performance and to condense the information to improve your trading strategy further.

Encyclopedia of Chart Patterns is indeed a great book, listing almost all possible technical analysis chart patterns with the detailed description for each pattern and the statistical background of its consequences. The total of 47 chart patterns are listed and explained on almost 700 pages of this trading ebook. If you like using technical analysis but often find yourself unprepared to react in an organized way on some of the patterns then this book will definitely help you. For each chart pattern its results snapshot, introductory information, identification guidelines, failures description, statistics, trading tactics and an example of a sample trade are presented.

Investment Performance Measurement is a book dedicated to the less popular part of every financial trading or investing process, known as the results analysis. When you have a strategy to use, the money management system to follow, all the necessary tools to trade and invest you go deep into the process. But each activity should have some results and these results should satisfy you somehow, and more than that — your should be able to tell the bad result from the good one, even when not everything is clear and can’t be measured by the exact numbers yet. This book describes and demonstrates the techniques that can be used to measure the investment or trading performance.

«Soros — The Unauthorized Biography» tells the story of the «world’s greatest investor». George Soros is one of the most prominent figures in the investment and financial trading world and all his professional career can serve as a guide for learning the way of a trader. Robert Slater made this biography without the help or supervision of Soros, basing his book on the well-known facts and the stories of the people that know or knew George Soros (thus «unauthorized biography»). This book is mostly about the Soros’ life and the reasons that had led him to the world of investments and how he managed to reach the success. There’s almost nothing about trading techniques or the investment principles themselves in this book; but, nevertheless, I suggest reading it because it will certainly help everyone to understand the way of thinking of such a great man as George Soros.

Amazing Forex System offers a not-so-amazing Forex trading strategy based on the news announcement trading. News trading strategy, which is described in this ebook, is quite simple yet it has a huge profits potential thanks to a very nice money management tactics (the risk-to-reward ratio is usually greater than 1:4). Of course, like any other news trading strategy this one is also extremely dangerous and can easily become a target of the Forex broker’s unethical actions, whereas some brokers explicitly prohibit news trading as their trader’s technique. Nevertheless, if you were looking for a good news trading Forex strategy, seek no further, this ebook is for you.

The Encyclopedia of Trading Strategies is a comprehensive guide to the various financial trading systems and strategies, including their implementation using the modern charting, trading and artificial intelligence software. Not only the scientific approach is taken when the system development is researched in this book, but also many trading examples are given for an easy understanding of the concepts presented in this book. And, while this Encyclopedia of Trading Strategies can’t be considered a full compendium of all the trading strategies that currently exist, the most general types of such strategies are described and explained here.

Forex Trading Strategy is a name of the ebook that offers a trading strategy (surprise!) based on the ICWR phenomenon. That’s a rather strange name for the book but, nevertheless, it’s a good read if you are looking for a new strategy. ICWR — the main concept of this book, stand for impulsive waves and corrective waves — those have something in common with Elliot wave and Wolfe wave theories. The book begins with the general description of the Forex market and its advantages, explains the basic concepts of ICWR, presents the intraday and long-term trading rules based on the ICWR theory and offers the examples for both types of rules — intraday and long-term.

Trade Like Jesse Livermore by Richard Smitten is a result of over two years of the deep research. It follows the life and the trading career of the famous stock trader Jesse Livermore. This book describes all technical aspects of the Livermore’s system — order conditions, timing, money management and emotional control. Jesse Livermore is famous for living through many stock market crashes and gaining success in every kind of a financial market. His career became a basement to several trading books. Trade Like Jesse Livermore tries to offer something similar to Livermore’s system but, unfortunately, you can’t know for sure if it’s exactly that system. Anyway, you can read the book and find out at least some parts of that successful system.

Preparing for the Worst is a famous trading book almost entirely dedicated to the compensations of the downside risk if the financial trading. Like with many other trading books, this one was also written with the stock markets in mind, hence the important role of the portfolio analysis and weighing in the risk management system. In Forex trading portfolios usually don’t exist and can’t be a part of the risk management, but this book has a lot of information to offer to the currency traders. The authors of this book provide strictly probabilistic and statistical methods for analyzing the downside risks of the trading. Some good level of mathematics is required to understand the concepts presented in Preparing for the Worst, but Ph.D. is not necessary.

Sniper Trading Workbook offers a technical approach to the analysis of the overbought and oversold market situation with the possible relation the past cycles of the same instruments. This book is mostly about the stocks and some chapters of it can’t be related to the Forex market at all, but the main approach that’s described by George Angell is applicable in almost any financial market. The method itself is in some way a continuation of the Taylor’s technical analysis. Fundamental analysis isn’t touched in this book, but the technical side is approached in every possible aspect, from the charts to the trading days to the exit strategies.

Sure-Fire Forex Trading is a popular Forex ebook created by Mark McRae and aggressively marketed in the on-line Forex trading community. Although, it’s quite old now (more than 2 years old), it can be a good read for the new Forex traders and strategy collectors that wanted to look at this «Sure-Fire» system. The book is quite simple — has a lot of basic explanations and in the first half looks a lot like the School of Pipsology manual. The second half is dedicated to the system itself — I can’t say that it’s very unique strategy that can make everyone a profitable Forex trader, but it’s, nevertheless, interesting. Don’t know if it was worth its money to anyone, but this book is definitely worth reading — from the beginning if you are new to Forex and the second half — if you are the experienced trader and want find out more about the strategy promoted by this book.