How to choose the best forex Books
How to choose the best forex Books
When it comes to learning about Forex trading, there are numerous resources available to the novice trader. Online courses, workshops, e-books, DVD-courses and even one-on-one streamed video training. However, for some, the best way to learn is the old-fashioned way: by reading a book.
The bookstores abound with Forex books, on any topic - from Technical Analysis to the psychology of trading and many beginner traders find them the most efficient way to learn since it allows them to review passages as many times as necessary to fully understand the topics. Imagine asking the lecturer at a large workshop to repeat himself and you can understand why the book has its advantages!
The question is, which forex book will be most helpful for you? Like any other area, the forex trading realm has its share of hucksters and pretenders. Be wary of any book that makes outrageous claims in its title or on the cover like “Be a forex millionaire” or for example. If a book promises something that’s too good to be true, you will not benefit too much from it. And if the book underestimates or neglects the inevitable risk associated with forex trading, you should definitely put it back on the shelf and walk away from it.
What you shold value in a forex book is calm, reasonable, practical advice. Garish, pretentious language suggests the author is trying to pull a fast one. Professional, logical language, on the other hand suggests the author knows the currency market and is simply transferring to his readers what he’s learned over the years.
Finally, when choosing a forex book, it’s worth taking a minute to Google the writer’s name and see what comes up in the searches. Are there reviews of the book written by readers, not some fake testimonials shown on the author’s Web page? Has the writer been mentioned in any offline events, such as offline workshops or seminars? What is his or her background? Does he or she have any real-world trading experience, or do they just write forex books?
Take note also of the book’s appearance. Is it an e-book sold by some dude off his Web page? Is it riddled with grammar and spelling errors? Or does it appear to have been written and edited by professionals, and presented in an appealing, straightforward manner? You want a book that fits the latter description. It’s more likely to be reliable and up-front about the pros and cons of forex trading.
