The Biggest (and best!) Community of Profitable Forex Traders

The Biggest (and best!) Community of Profitable Forex Traders

What Are Recommended Books For Forex Traders To Read Right Now

Below are several books that have assisted me and thousands of other traders in their journey to consistency.

I am sure you will receive some significant breakthroughs reading these, and I would love to know what they are, so drop me an email and let me know.

In this article, we’ll cover

  •  How to think like a professional trader.
  •  Help manage your psychology.
  •  Understand the markets are not against you

Contents

Recommended Reading 📚

I’d like to share with you an assortment of carefully curated books that have had a profound influence on my journey as a trader. These books have been instrumental in expanding my knowledge, honing my skills, and significantly enhancing my profitability. Here they are, listed in order of their value to my personal trading journey.

Starting with two compelling reads penned by Mike Bellafiore, a seasoned trader and manager of New York’s proprietary trading firm, SMB Capital:

The PlayBook: An Inside Look At How To Think Like A Professional Trader

One Good Trade: Inside The Highly Competitive World Of Proprietary Trading

These masterpieces succinctly encapsulate the essence of professional trading. From psychological strategies to recording your most lucrative setups in your own ‘Playbook,’ these books offer invaluable insights. Aspiring to trade professionally? These must-reads can’t be absent from your collection as they promise to revolutionize your trading approach.

Coming up next are two enlightening pieces by Yvan Byeajee, an extremely successful, honest, and influential trader:

The Essence Of Trading Psychology

Zero To Hero: How I Went From Being A Losing Trader To A Consistently Profitable One

Byeajee’s ground-breaking works focus on the crucial psychological aspects of trading and his personal journey from a novice to a winning trader. Honestly, these books have been so pivotal in shaping my trading career, it’s hard to imagine where I’d be without them.

Up next, an essential read for every trader penned by Michael Covel:

Trend Following

Whether or not you trade trends, understanding their formation, development, culmination, and professional trading tactics is indispensable. Coupled with detailed statistics, this book will elevate your trading prowess and contribute significantly to your growth as a trader.

The following recommendation is from a renowned book by Jack Schwager:

Market Wizards“.

This book is an encyclopaedia of insights, recounting experiences of the world’s top traders, fundamental risk-management principles, detailed strategies, performance-enhancing advice, and crucial psychological guidance. Remember the adage, “The wise man learns from the mistakes of others.” This book exemplifies it.

If you’ve been grappling with issues like psychology, execution, or trade management despite having a strategy, Harvey Walsh’s book might be the game-changer for you:

Brain Hacks For Traders

After implementing the strategies, tips, and advice provided by Walsh, I noticed an immediate improvement in my trading profitability. It’s a concise yet insightful read, ideal for those juggling busy schedules.

Lastly, a book by Steve Peters that, though not strictly about trading, can significantly influence your profitability:

The Chimp Paradox

Trading successfully requires impeccable emotion and money management skills. This book unravels the mysteries of the human mind, helping you understand your emotional responses and avoid emotion-driven mistakes.

Each one of these books has revolutionized my trading approach and results. I trust they will do the same for you.

– Joshua.

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