The 5 books for the begginers

Foreign Exchange or Forex, many investors, are frightened with these terms, which is one of the reasons they are mostly overlooked or avoided. The main reasons behind this are lack of knowledge & understanding because of which many people might have already lost some money. But that's not a great issue and can easy be resolved by reading some books on these topics and learning from the experience of seniors already working in these field since long and are known for making good profits. Below are some books with the thorough knowledge ranging from basic education to technical analysis and trading strategies. At CLIQ FX we always suggest and support safe trading.

  1. Currency Trading for Dummies

    It is a good pick for traders who are just beginning to tackle the world of foreign exchange. Published in 2011, the book was written by Brian Dolan, a veteran of the Forex market for more than 20 years, working as a currency trader and market analyst. Dolan was the chief currency strategist at big Forex broker company, where he oversaw fundamental and technical analysis, and is regularly used as a resource for the latest currency developments by the financial media. The book is one of the best for beginners, as it presents clear, easy-to-read instructions on the forex market.

  2. Day Trading the Currency Market

    Kathy Lien's book is widely popular among new and burgeoning forex traders. Her book provides a two-pronged approach, offering both theory and actionable learning, with balanced insight into fundamental and technical forex trading strategies designed to generate regular profits. Lien's book also offers extensive and specific information on every aspect of currency markets and foreign exchange trading. Lien walks readers, step-by-step, through Forex fundamentals — such as long- and short-term factors affecting currency pairs — as well as covering technical analysis trading strategies that professional forex traders utilize on a daily basis.

    Lien, a world-renowned currency analyst, has decades of experience and an extensive resume. Previously working at JP Morgan Chase & Co (NYSE: JPM), Lien is BK Asset Management's managing director. She is a frequently featured guest on Bloomberg, CNBC, and Reuters.

  3. Currency Forecasting

    Written by Merrill Lynch analyst Michael Rosenberg, this book is considered one of the groundbreaking and definitive works on forex trading. For decades, analysts and traders have turned to Rosenberg's concise, intuitive and brainy piece, which combines the macroeconomics of forex with fundamental and technical analysis. The book was first published in 1995, but it remains a helpful current guide to the currency markets. Rosenberg links international monetary dynamics to what legitimately happens in currency markets. He has long been hailed as a leader among forex analysts, and his ability to delineate clear connections between disparate finance and economic factors continues to make "Currency Forecasting" a go-to guide for traders interested in currency trading.

  4. Japanese Candlestick Charting Techniques

    Steve Nison's provides a lengthy and in-depth education on Japanese candlestick charts, a versatile technical tool that's very popular among forex traders in this book. The book discusses how candlestick charts are used in conjunction with other technical tools to aid in improving technical market analysis. Candlestick charting is also often used for futures, speculation, hedging, equities or anywhere that technical analysis may be applied. Nison's background, comprised of years of research and study, as well as practical application and his to-the-point and easily understandable language, make "Japanese Candlestick Charting Techniques" an ideal read for traders who are seeking a better understanding of forex trading strategy.

  5. How to Make a Living Trading Foreign Exchange

    Courtney Smith begins with an introduction into the world of forex, explaining the basics of foreign exchange trading and how it works. The largest portion of the book is devoted to trading strategies that Smith recommends for making money through forex trading, citing six ways that he touts as ideal for helping traders earn a steady income. Unique to the book is Smith's rejection rule, a strategy designed to double the profit generated from basic channel breakout systems. Smith's book also provides important risk management techniques, as well as material on the psychology of trading.

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