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So you want to know which is the Best Forex Book? Well, as you probably observed, there are a lot of different views on the answer to this question. Some websites will promote you books that are given by the Forex Brokers. But, in our guide we do not consider such books as the best ones. Secondly, professional writers do not earn money from your spreads or commissions, they are not interested in the amount of trades you make per day or in your turnover.
But is there the one and only best FX book? This type of trading requires so much knowledge that identifying one Best Forex Book is just impossible. This is why we would like to present you with our Top-5 Books of choice that should be in arsenal of every profitable Forex trader!
This book is considered to be the best book at Forex-Library. This book will open your eyes on all possibilities of minute trading in Forex markets. Awesome strategies quality together with good writing style create a perfect guide for anybody that wants to be a scalper!
This is the best Forex deal that is currently available. Third Best FX Book: It does not just include the best existing strategies and well-known facts about trading markets. It explains what and how should be traded. Than probably you are here to share your knowledge. But if you are not, you would definitely enjoy downloading this book and getting your trading up. Pattern Cycles is definitely our Top-4 book and we insist on you having it!
Why this book has made it to the Top-5? Because Alexander Elder concentrates not only on such important things as charting techniques and usage of indicators. He explains all important psychological aspects as well as money management essentials. And, believe us, this aspects are crucial for the best traders! Now you know what are the best Forex books by the opinion of Forex-Library!
As you could see, these books are from different categories and they differ a lot. Few of them are good for beginners and the others are made for more advanced traders. Forex education is better when you have a possibility to test your new knowledge on the market. For such purpose you can use free demo account or take no deposit bonus and start trading with free 30 USD from XM. And as a recommendation for beginners, we advise them to read all of these books and highlight everything that you suppose to be important.
More to that, you are able to do it for free, do not forget about existence of demo accounts at every good broker. So all what you should do is just pick up a strategy and open new demo account. Than start trading and see how it goes. If it going good, maybe this strategy is exactly what you need, but do not stop there. It is important to experiment and try to find the best fit for you. You should not look at other traders and use their strategies just because they win win them.
It will never work. You have to either read best Forex books and pick up the best fitting Forex strategy from there, or create your own on the basis of knowledge that you have gained. Do not be afraid to experiment, you will never create the best strategy without experiments, just do not stop!
Remember, good traders have a strong theoretical background but the best traders are sure that there is always a place for improvement. This is why we recommend you not to stop and read as much books as you can. You should not remember everything that was written in the next book that you read, but maybe you will be able to find one thing that you were missing from your trading in order to step on the next level!
Get The best Forex Books. The Best Forex Book: Fifth Most Recommended Forex Book: