Complete Guide

Some trading books for beginner are written in such a professional manner and include so much information that they become interesting not only to the newbies but also to the experienced traders. Such books can be called complete guides as they still cover all market-related topics but also do that at a slightly higher level, offering some really helpful insights and providing more background and examples for the statements.

Way of the Turtle by Curtis Faith

Way of the Turtle or The Secret Methods that Turned Ordinary People into Legendary Traders talks about principles derived from the famous Trading Turtles experiment proposed and conducted by Richard Dennis more than 25 years ago. The book is written by one of the Turtle Traders — Curtis Faith. The experiment has successfully showed that the a newbie trader may taught trading skills quite fast and that almost everyone can trade profitably given these necessary skills. Way of the Turtle offers the main ideas behind the original Turtle Rules offered by Richard Dennis with various additions and development from Curtis Faith. Like the original Turtles experiment intended, this book will also teach you everything you need to become a successful financial trader even without a previous experience in the field. If it has worked some people in late 20th century, why won’t it work for you now?

The 10 Essentials of Forex Trading by Jared Martinez

The 10 Essentials of Forex Trading (The Rules for Turning Trading Patterns into Profit) is a complete Forex trading guide written by a prominent expert in currency market Jared Martinez. Although the book is more suited for the beginner traders, some of the information in it might come to use even for the skilled Forex market operators. The main focus of the book is on the technical indicators and various chart objects (e.g. Fibonacci retracements, support/resistance levels, trendlines, etc.) Fundamental analysis is also covered, though the attention paid to this part can’t be compared with the technical analysis part. In the end, both the money management guidance and suggestions for the further steps are given to the reader. All in all, it’s quite a good book with its own minor disadvantages and average advantages. If it won’t make the next George Soros, it will definitely set you up on a right track, preparing your for a deeper and more complex Forex reading.

Super Trader by Van K. Tharp

Super Trader (Make Consistent Profits in Good and Bad Markets) by Van K. Tharp is a complete-guide type of book that tries not to be specific in regards of particular markets but rather shows what are the components of a successful trading strategy and, more precisely, a real Super Trader. If you’ve read Tharp’s previous book Trade Your Way to Financial Freedom, you should know that, although he isn’t a professional trader, Tharp is a great coach in trading. He studied a lot of successful systems and traders and knows what it takes to become one of them. This book will show you how to prepare yourself psychologically, how to develop a good trading plan and then a trading strategy, how to use the position sizing properly and finally how to avoid the popular mistakes in trading. Super Trader can be called a must-read for traders of all markets.

How to Make a Living Trading Foreign Exchange by Courtney Smith

How to Make a Living Trading Foreign Exchange (a Guaranteed Income for Life) is a complete guide to Forex trading written by Courtney Smith. The whole book is dedicated to creating a real Forex trader out of a Forex loser. 90% traders lose money, only 10% don’t lose in the foreign exchange market. And only 5% of traders earn profit. The aim of the book is to show how profit can be made continuously and in a guaranteed manner. The book lays out some basic information about Forex trading, goes into trend analysis, shows several very effective trading strategies, talks about risk management and psychological problems of trading and finally tries to help you put this all together to become a really successful trader.

Forex on Five Hours a Week by Raghee Horner

Forex on Five Hours a Week or How to Make Money Trading on Your Own Time is a nice book which main priority is to explain how to become an efficient trader that values his time. There is a rather old stereotype that such endeavor as Forex trading is very time-consuming and that you can’t be successful at it without dedicating a lot of time to learning, studying, analyzing and monitoring the market. In fact, one can become a rather profitable trader spending only a fraction of his time on Forex trading. This can be accomplished by learning only the necessary information and determining your own (fitting your lifestyle and personality) style of trading. After reading this book, you’ll be able to develop your trading plan that will be organized enough to provide with all the necessary instruments to earn profit on the Forex market, but still be able to control the time you spend on it. This book can be recommended to the traders of all levels of expertise, but especially to those of them who wish to become or remain the part-time Forex traders.

The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

The FX Bootcamp Guide to Strategic and Tactical Forex Trading is a complex e-book written by Wayne McDonell to help the Forex traders to go from the “rookie” to “officer” rank in currency trading. This guide is written in a rather humorous military/Forex slang, making it a very easy read, which gives it a big advantage before those boring Forex trading books. FX Bootcamp Guide provides a lot of examples, practical exercises and offers all the information required to trade Forex profitably. It’s just a matter of dedication of the potential trader to read this book and implement the gained knowledge.

Beat the Forex Dealer by Agustin Silvani

Beat the Forex Dealer (An insider’s look into trading today’s foreign exchange market) — is a book by Agustin Silvani, one of the pioneers of the foreign exchange traders and a successful Forex portfolio manager at MIGFX. This book about Forex trading states that trading the foreign exchange market isn’t easy, that even the most famous traders and investors sometimes lose at Forex. The Forex market is always against the trader, especially a new and unexperienced trader. This book was written to help all types of traders to learn to avoid the traps and caveats of the modern foreign exchange market — be it a Forex broker’s stop-hunting, or some obvious mistakes by the trader himself. The content of this book will teach you how to remove that gambling element from your trading and turn Forex into a profitable profession.

Beat the Odds in Forex Trading by Igor Toshchakov

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 by Peter Rosenstreich

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.

The Market Guys’ Five Points for Trading Success by AJ Monte and Rick Swope

The Market Guys’ Five Points for Trading Success is a general financial trading book that professionally teaches reader the major points of trader’s successful behavior. The authors of this book — AJ Monte and Rick Swope are both professional traders, experienced analysts and long-time trading teachers. Their book adheres to their trading philosophy — Keep It Super Simple (KISS). They try to understand something difficult (e.g. Forex trading) in a super simple way. And they also try to make their readers use this philosophy in trading. Their main five points of success are: following the trend, finding support level, waiting for pivot points, protecting position and acting for result.

Mastering the Trade by John F. Carter

Mastering the Trade — a 2005 book by John F. Carter, the experienced trader, trading teacher, innovator and maybe even scientist. Mastering the Trade, like many others, covers almost all topics related to trading and tries to teach a reader everything that according to the author’s opinion is required to be a successful trader. But this trading book covers also such rare topics as hardware and software for trading, pivot points, trading on the market opening gaps, scalping and other such interesting aspects of trading. Actually this book will not only help you "master the trade„, but, if you are professional trader, it will open your eyes on many new things that you probably haven’t seen or thought about before. Two of the best chapters of this book are about compiling the intraday trading plan and the trader’s “business plan" — a definite must-read for every Forex trader.

Currency Trader Magazine Past Issues

Currency Trader Magazine — a free (almost free) magazine about Forex trading. You can subscribe to this magazine for free at and you will be able to download the new issues. Past issues and separate articles are available for a paid download. This magazine features very interesting analytical articles, technical analysis of the currency pairs, historical analysis of the certain currency trends etc. Trade examples and the overall monthly market performance analysis can also be found in this magazine. You will also find the financial calendar for the upcoming month and the managed Forex accounts rankings. Unfortunately there are also a lot of advertisements in every issue (and that’s why it’s free).

A Complete Guide to Technical Trading Tactics by John L. Person

A Complete Guide to Technical Trading Tactics is a book dedicated to the less conventional trading indicators such as candlesticks, pivot points and pyramid approaches. It’s not limited with depicting only one strategy; instead it offers the set of loosely connected indicators, techniques and tips that can be used in any financial market — Forex, stocks, commodities etc. The information presented in this book will be found useful not only to the inexperienced or medium level traders, even professional traders will find something of interest and use there. John Person had more than two-decade experience in trading and brokerage when he wrote this book and he talked with many other successful traders during his career. He tried to include all the knowledge he collected into this work.

Trading for a Living by Alexander Elder

Trading for a Living is a first financial trading book of the prominent trading writer and teacher Alexander Elder. It shows the most common mistakes that traders fail to recognize and correct in their styles and that prevent them from become financially independent. Trading for a Living shows all the benefits of being a trader — the freedom, the excitement, the quality of life. Becoming a financial trader isn’t something hard to do, it’s just hard to hold down your emotions and begin to think of trading as a serious long-term activity. According to Alexander Elder the majority of the beginning traders fail to control their emotions, they go for the short-term success losing in the long-term period; that makes them lose money, time and a faith in a better financial future. No previous trading experience or knowledge is required to read and understand this book.

Come Into My Trading Room by Alexander Elder

Come Into My Trading Room — a Complete Guide to Trading is a book written by an experienced trader and also a teacher, who knows how to explain the essentials of a financial trading in a way that would be interesting to almost anyone, disregarding the professional level of the reader. Come Into My Trading Room is organized so that every part of it is almost independent of the other parts and can be read separately. From this trading book it is possible to learn basic concepts and methods of the financial trading. Unfortunately, Alexander Elder doesn’t give any strategies and advanced methods of analysis or money management. Nevertheless this book can be a strong base for anyone, who wants to learn Forex trading or needs some real knowledge in this area.