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7 Effective Books on Amazon for under £10 to Get you Making Money Now Trading Forex

I think the single biggest thing that shocks me about the Forex Market is that 80% of retail traders lose money trading (that’s people like you and me that aren’t working for a large well known Investment Bank).

There are huge daily profits to be made if you know where to look for valuable advice on how to get started and how to trade profitably on the Forex Currency Exchange.

I’ve read many books on the subject of trading over the years and have compiled a list of 7 great Forex Trading books for under £10 that can help get you started towards trading success and being part of the 20% of traders that make big profits.

No.1 Forex Trading: A Simplified Guide To Maximizing Profits, Minimizing Losses and How to Use Fundamental Analysis & Trading Techniques to Thrive in a … For Beginners, Forex Trading Strategies) – Michelle Williams

The hard truth when it comes to trading in this bear and bull market is that statistically, 80% of retail investors lose their initial investments because they are either ignorant of or oblivious to the substantial risks involved with FOREX trading, and the delicacy by which the market must be navigated. 

Don’t become part of the 80%. Instead, take the time to educate yourself on the complexities of the foreign exchange market before you begin to invest. Arm yourself with the information you need to make practical and informed decisions to maximize your profits.

Learn the ins-and-outs of the foreign exchange market with this practical guidebook: Forex Trading: A Simplified Guide to Maximizing Profits, Minimizing Losses and How to Use Fundamental Analysis & Trading Techniques to Thrive in a Bear and Bull Market. 

Packed with up-to-date information on the state of the market and how it operates, this guide presents FOREX trading both candidly and clearly from the perspective of the retail investor, so that you can get the information that you need to be successful in an easy-to-understand manner.

No.2 Forex Trading Crash Course: The #1 Beginner’s Guide to Make Money With Trading Forex in 7 Days or Less! – Frank Richmond

For a beginner, the Forex market is difficult to navigate. All that research you need to do, all those calculations of risk and reward – it’s a hard game to break into and even harder to get right. On the other hand, diving into the specifics of Forex trading will open the door to consistent profits that can bolster your bank balance every day for the rest of your life.

No.3 Forex for Beginners: How to Make Money in Forex Trading (Currency Trading Strategies) – James Stuart

The purpose of this book is to show you how to make money trading Forex. Thousands of people, all over the world, are trading Forex and making tons of money. Why not you?

All you need to start trading Forex is a computer and an Internet connection. You can do it from the comfort of your home, in your spare time without leaving your day job.

And you don’t need a large sum of money to start, you can trade initially with a minimal sum, or better off, you can start practicing with a demo account without the need to deposit any money.

Forex Trading is very simple and straightforward, we only deal with a pair of currencies, and it has quite a high profit potential.

Forex allows even beginners the opportunity to succeed with financial trading. Actually people that have minimum financial track record can easily make money by learning how to trade currencies online.

This book features the in and outs of currency trading as well as strategies needed to achieve success in the trading.

Here are some of the topics you’ll discover while reading the book:

* The single most critical factor to Forex trading success – ignore it at your own perils.

* Simple, easy to copy ideas that will enhance your chances of winning trades.

* What you need to succeed in currency trading.

* Advantages of trading Forex.

* Effective risk management strategies to help you minimize your risk and conserve your capital.

* Key factors to successful financial Forex trading.

* How to develop Forex trading strategies and entry and exit signals that work.

* A list of easy-to-follow tips to help you improve your trading successes.

No.4 50 Pips A Day Forex Strategy – Laurentiu Damir

Start making consistent profits in the forex market. This is a very clear and simple to follow forex trading strategy to get you started achieving consistent profits day after day trading the forex market. It will make you 50 pips per day or more every day. It is ideal for beginner traders but it will give a great deal of help to more experienced traders that have not found a clear strategy to make profits consistenly. Components Support and Resistance Candlesticks Moving Average Time frame – 4 hours chart It is easy to understand and to put in practice. It has very well defined entry, stop loss and exit levels. Apart from the strategy, this book also contains a very useful guide that teaches you how to construct a profitable forex trading system for yourself and how to avoid trading and money management mistakes.

How to Build a Solid Trading System Are you new to forex trading or just started to trade on a live account but with not much success ? You need a solid forex trading system based on sound principles of the forex market, that has clear trading and money management rules. Do you have a forex trading system and you have been trading with it for a period of time but still you don’t have the success you hoped for ? This can only mean that your trading system does not take into account the basic trading rules and principles that any powerful forex trading system incorporates.

This book teaches you how to construct your own powerful forex trading system, what are the most important forex trading tools that you must include in it, what not to include in your forex trading system, how to apply solid money management rules and equally important, how to avoid making trading mistakes that will cost you when you start to trade with your newly developed forex system.

No.5 Forex Trading: Ultimate Proven Guide to Profitable Trading: Volume 4 – Intermediate Technical Analysis – Josh Bright

Complete guide: From scratch to finding a proven profitable system, one that truly suits you.——Forex Trading Ultimate Proven Guide to Profitable TradingThrough out this Series, you will find tools that will let you gain control over your life and more importantly, over your wealth. Concepts ranging from simple definitions, powerful money management techniques, the right approach and exact trading psychology needed, to explained proven profitable trading systems, all of these will be covered, letting the series convert into a complete guide to finding your own profitable trading system.

All of these insights will be covered with simple and easy to understand words, and will let you set, track and achieve your own profitable trading strategy/system. Every relevant concept you might need in order to launch yourself into Forex Trading, and more, will be covered throughout this series.The series is NOT difficult, far from it. It’s practical. It’s written for everyone. It’s concise. It’s based on current profitable trading strategies, the correct psychology used, and the already successful money management techniques. 

No.6 Forex Trading for Beginners: How to Make Money in Forex, Avoid the First Mistakes and Start to Become a Successful Trader, Make Money Online, Full Time Trader with More than 40 Years of Experience – Kenji Sasaki

In this book he brings you the knowledge you need to become a successful trader, in his beginnings he also had mostly losses and wanted to leave this business several times but it was his persistence that made him a successful trader and finally get to live from it, nobody starts in this business being able to obtain benefits and to maintain them in the time, as this is like any other discipline.

The purpose of this book is to save you time in doing nonsense things that can make you to lose money, time and hope to continue in this, to avoid having the mistakes that every trader has had, you’re going straight to success.

In addition, this book includes:

• Errors to avoid and that you need to do to start to be a successful trader.
• Main currency pairs.
• Choosing a good broker and my recommended brokers.
• How to determine the market trend.
• Stop loss y take profit.
• What percentage risk per operation? (Risk Management).
• What capital do I recommend to do trading?
• Emotional control.

No.7 $hortening the Day Trader Learning Curve: How to Make Money Faster for Beginners – Joseph Moneta

The learning curve for most brand new aspiring investors and traders can be long and very expensive if they begin the wrong way. $hortening the Day Trader Learning Curve is aimed at giving the beginning information you will need to cut down that long learning curve and get you going down the road to consistent profitability in the financial markets faster. 

Brand new investors, swing traders and also position traders and investors have a tendency to come into the financial market trading business with unrealistic expectations of how much money they can make from trading. $hortening the Day Trader Learning Curve will help new aspiring investors and traders understand what is needed right from the very start of your financial market trading and investing business from day one. Make no mistake the market is not some game, it is competition at the highest level and your opponents are the best traders in the world and they are looking to drain your capital account on a daily basis, are you going to let them do that?

By the time you have completed reading this entire book you will know what is needed of you to make it in this business. Then it is up to you to take what you have read in $hortening the Day Trader Learning Curve and capitalize on it in your education and in the live market so you can begin to make money right away. $hortening the Day Trader Learning Curve gives you clear concise information that you can use right away to begin making money if you follow what is said here. You can make a fortune in the live financial market if you start off the right way from the first day with the right information. No one wants to learn a bunch of unrealistic information that won’t make them money in the live markets right?

No one is making you get into the trading business so I encourage you to read and absorb the information given here in $hortening the Day Trader Learning Curve then perhaps do more data mining on your own if you want to make money quicker than your competition. Brand new traders are their own worst enemy in the market when they first start out and that is because they have done all of the wrong things to start off. $hortening the Day Trader Learning Curve gives you examples of what and what not to do to expedite your learning curve and I strongly encourage you to follow what it says in here if you are a beginner with zero experience if you want to be consistently profitable in today’s financial markets right away. 

Summary

Trading Forex on the MT4 platform can be a hugely profitable way of making money without a huge trading bank. These 7 books will help you steer past the 80% of retail traders that lose money and get you on the way towards tax free profits much faster.

You may also be interested in using Forex Bots that trade automatically for you so I created an in depth free blog here to help you learn more.