Forex trading used to be the game among institutional traders, such as international banks and hedge funds. As the expansion of currency forex online trading, individual traders also have the opportunity to access to foreign exchange market - the largest financial market in the world. Lots of novice traders also jumped into this bandwagon with the illusion that they gonna make easy money by trading forex. They are willing spend lots of time and money to search high and low for the best forex trading system or the next magical indicator, and forget to invest into the most precious property they have – to educate themselves and become true professionals. Anyway, here is a list of 10 best forex trading books for aspiring forex traders who want to learn the nuts and bolts of the game.

1. Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets by Ed Ponsi

This book separate itself from the normal forex books only talking about basic concepts, it offers practical and actionable trading techniques for both trending and non-trending forex market scenarios with forex multiple time frame strategy. This is a great forex book written by true professional forex trader.

 2. Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing by Rob Booker

This unique forex trading book is in a story form recording how a novice trader named Harry Banes crawled out his learning curve. Readers sure will echo with their own trading mistakes along the way with a more rational perspective. The reading is both entertaining and thought-provoking. Both novice and professional can benefit from this book in retrospect with their own trading experience.

3. Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets by Ashraf Laïdi

Have you ever wondered what the force behind the movement of forex market? Ashraf Laïdi shared his insight of correlations between currency market and gold, oil, equities, and commodities in this book. Serious traders will gain a much broader perspective when they approach the currency market and make their trading decision as well.

 4. Turning Losing Forex Trades into Winners: Proven Techniques to Reverse Your Losses by Gerald E. Greene

Whether like it or not, every trader needs to deal with trades that do not go their way. A great part of successful currency trading is to preserve your precious trading capitals. How to manage losses is the key to professional trading. Greene shares five technical tools to manage a bad trade in this book – MACD, stochastics, moving averages, Fibonacci, and trend lines.

5. Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves by Kathy Lien

This is a good introduction book on forex day trading and swing trading. This book shows how to trade through different conditions. It also covers various technical and fundamental trading strategies.

6. Currency Trading For Dummies by Mark Galant and Brian Dolan

If you are new to fx currency trading, this could be your first forex book. Don’t be fooled by the title though. This Dummies series book is much decent than lots of forex books that are filled with useless information. It covers the basic ground of forex trading, fundamental analysis, and technical analysis that every serious trader should acknowledge. Then there is a step-by-step guide to walk through readers to develop their own trading plan and how to execute the plan. It also offers practical guidelines on how to become a successful forex trader, how to avoid common beginner trading mistakes, and how to control risk associated with forex trading. It’s a definite read for novice forex trader.

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

This book covers almost every aspect of forex trading and how to become a successful forex trader from market analysis, fundamental analysis, technical analysis, and risk analysis to trading journal, forex business plan, and trading psychology. It’s a must read for inspiring trader to become a professional FX trader.

8. Beat the Forex Dealer: An insider's look into trading today's foreign exchange market by Agustin Silvani

If novice forex trader already gained some real world trading experiences, they might notice that there were times when they followed rules to set their stop loss orders and only found out after it were hit, the market moved in their original direction and never looked back. This is a very frustrated experience. It almost looks like that the market is playing a game with you. If you ever wondered why, well, this book offers the explanation. Recognizing the role of a forex broker played in the game will definitely alter your approach to forex trading.

9. Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes by Jamie Saettele

Following the crowds is a sure way to lose your shirt in currency trading. This book explains how to spot market turning points at the extreme forex market sentiment using tools such as magazine covers, news headlines, and sentiment indicator - commitments of traders (COT).

10. Profiting With Forex: The Most Effective Tools and Techniques for Trading Currencies by John Jagerson and S. Wade Hansen

This is a very solid forex book of introducing fundament factors and tools to follow forex market changes. It also includes various practical trading techniques combined both fundamental and technical analysis.

To read the above 10 best forex trading books, it might be the best forex trading decision a novice forex trader could ever make. It’s obvious few can get rich by just using other people’s trading signals or trading systems. For more general trading reading recommendation, please refer to my hub best trading books.