How to Find a Forex Book for Beginner Investors

3 Forex Books Investors Can Understand and Apply Immediately

Sep 22, 2009 Miranda Miller

Learn the ins and outs of trading in the foreign currency market, the largest and most liquid market in the world, with these three popular forex books.

Trading in the foreign currency market can be exciting, risky, and incredibly lucrative. Knowledgeable investors can reduce their level of risk by making informed choices. Learn the terminology, rules and procedures required for informed trading in the foreign currency market using these three forex books as a crash course in trading currencies.

Forex Book #1- Forex Patterns & Probabilities byProfessional Trader and Educator Ed Ponsi's

Forex Patterns & Probabilities: Trading Strategies for Trending and Range-Bound Markets (Wiley, 2007) uses dozens of charts, specific trading scenarios, and detailed explanations to bring the beginner investor up to speed in an understandable forex book.

Author Ed Ponsi is a professional public speaker, trader and money manager. He is also the President of FXEducator.com and former chief trading instructor at Forex Capital Markets.

His lengthy trading experience and the ability to teach others is apparent throughout Forex Patterns & Probabilities, which fellow trader and author Rob Booker hailed in an editorial review on the back cover, "one of the most useful and insightful books on trading that I've read."

Forex Book #2- The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

As a professional forex trader, registered Commodities Trading Advisor and Chief Currency Coach at FX Bootcamp, Wayne McDonell is a respected presence in the forex trading and training community.

His forex book The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Wiley, 2008) teaches beginner investors to first develop a market strategy, then implement a tactical plan to successfully trade on their own in the foreign currency market.

McDonell's military-style approach is an interesting one, resulting in a forex book that is specific in its instruction and concepts that are ready to execute.

Forex Book #3- Agustin Silvani Shares Pitfalls of Trading Currencies in Forex Book Beat the Forex Dealer

There are a lot of things that can go wrong when beginner investors dabble in the foreign currency market. Silvani's goal is to teach new investors the tricks and traps that commonly befall the inexperienced or overzealous.

Silvani identifies dirty dealer tactics like price shading and trading against clients. Beat the Forex Dealer: An Insider's Look Into Trading Today's Foreign Exchange Market (Wiley, 2008) is a must-have forex book for beginner investors.

One of the pioneers in the forex industry, Silvani is a team leader with MIGFX, one of the world's top currency traders. Beat the Forex Dealer is his first forex book.

Where to Find Forex Books and Help for Beginner Investors

Click here to browse Amazon.com's extensive collection of these and other forex books for expert to beginner investors.

Not ready for forex trading? Check out Types of Bonds: Understand Definitions to Confidently Invest in Bonds for more information on this lower-risk investment vehicle. Mutual funds are another popular investment for beginner investors; read Understand Fees Before Buying Mutual Funds and learn how different types of fund loads work to get started.

The copyright of the article How to Find a Forex Book for Beginner Investors in Investment is owned by Miranda Miller. Permission to republish How to Find a Forex Book for Beginner Investors in print or online must be granted by the author in writing.

Trading Currencies for Beginner Investors	Forex Books by Ed Ponsi & Wayne McDonell	Navigating the Foreign Currency Market
Silvani's Forex Book on Trading Currencies	How Beginner Investors Can Reduce Forex Risk