Forex Books - 5 Books All Traders Should Read

By: Kelly Price

Here I have put together some forex books every trade should have and they cover strategy, money management and mindset. These books are books to read re read and learn from and the money they cost is small compared to there value.

Here are the books in no particular order of importance - there all great reads and packed with vital trading education.

1. The Way of the Turtle - (Curtis Faith)

While visiting a turtle farm, legendary trader Richard Dennis had a bet with his trading partner - Bill Eckhardt that traders didn't have to be born - they could be made. To settle the bet, they recruited a group of individuals from all walks of life, trained them for two weeks and sent them off to trade.

This group known as The Turtles earned more than $100 million in less than four years. In this book successful turtle Curtis Faith goes through the experiment in great depth. He explains why the Turtle Way worked and still works in today's markets and how to apply it.

2. Trader Vic - Methods of a Wall Street Master (Victor Sperandeo)

Victor Sperandeo is one of those traders who talks sense investing and here he shares his insight on everything to do with trading - from psychology, to trend following correctly, to money management. The ultimate Pro - bit biased I just love this book!

3. The Disciplined Trader Developing Winning Attitudes (Mark Douglas)

This book was the one that really rammed home to me how important discipline in trading is and how hard it is to achieve in terms of mindset no matter how well prepared you feel or how good your trading system is. To get you mentally prepared this book is fantastic.

4. What I Learned Losing a Million Dollars - (Jim Paul Brendan Moynihan)

This books focus is on losing and as it correctly states There are many different ways to make money but only a few ways to lose it. Part biography and part a lesson in money management - if you only thought money management was placing a stop you need this book. One of the most unique books you will ever read on trading.

5. Reminiscences of a Stock Operator (Lefevre Edwin)

Written in 1923 and an acknowledged masterpiece. Jack Schwager's new introduction explains why this account of Jesse Livermore, continues to be the most widely read book by the trading community. If you have ever traded you will associate yourself with every page and if you haven't - you soon will!

So there you have 5 of my personal favorite books and also books that compliment each other, to give you a bit of everything. True wisdom from traders who have walked the walk and know the game of trading and their experience and insight can help you to.

I hope you get as much pleasure from these forex books as I have over the years.

Foreign Exchange
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