Some Favorite Book Recommendations

Having started my journey trading Stocks/Equities on the New York Stock Exchange (NYSE), a fair number of the books that I am recommending are specific to stock trading.  What I found very quickly in switching my focus to the foreign exchange market was that the technical and fundamental aspects of trading are interchangeable from market to market.  They work whether you are trading forex or futures, commodities or bonds.

If I had to describe myself, I would say I am a Technical Trader with an eye on the Fundamentals.  In a future post, I’ll explain the indicators I choose to work with and an explanation of why.  For now, the following books give a variety of explanations of the various types of charts, indicators, etc.  I believe that you have to try them to see which is a good fit for your type of trading.

Basic Knowledge

“A Beginner’s Guide to Day Trading Online”, Toni Turner

Dummies Series of Books (which I love for their concise and organized layout)

“Trading for Dummies”, Michael Griffis and Lita Epstein

“Technical Analysis for Dummies”, Barbara Rockefeller

“Day Trading for Dummies”, Anne C. Logue

“The Complete Guide to Day Trading”, Markus Heitkoetter

“Tools and Tactics for the Master Day Trader”, Oliver Velez and Greg Capra

“The Visual Investor – How to Spot Market Trends”, John Murphy

Forex Specific

“Currency Trading for Dummies”, Mark Galant and Brian Dolan

“The FX Bootcamp Guide to Strategic and Tactical Forex Trading”, Wayne McDonnell

“Currency Trading and Intermarket Analysis”, Ashraf Laidi

“Millionaire Traders – How Everyday People are Beating Wall Street at It’s Own Game”, Kathy Lien

“Essentials of Foreign Exchange Trading”, James Chen

Trading Psychology

“Trading in the Zone”, Mark Douglas

“The Psychology of Trading:  Tools and Techniques for Minding the Markets”, Brett Steenbarger

“The Daily Trading Coach:  101 Lessons for Becoming Your Own Trading Coach”, Brett Steenbarger

“High Performance Trading: 35 Practical Strategies and Techniques”, Steve Ward

Depending on your preference, these books are all available at Amazon (and most are available as Kindle downloads and audiobooks), as well as at most libraries.