Forex books.
This section contains books and textbooks on forex and stock market trading. Each book is available for free download directly from the website server. All materials are distributed completely free of charge and are intended for personal use only.
These Forex books were obtained from open sources online. Thanks to them, you can master forex trading independently, without outside help.
Short Selling: The Bear Game by Tom Tolley
Most beginning investors associate stock trading with the " buy and hold " strategy.
This strategy simply involves buying securities and waiting for them to rise in price before selling them at a higher price.
Short trades are initially perplexing, as it's difficult to sell something you don't own, so they're much less common among beginners.
However, there are numerous strategies that utilize short positions to generate profits, and they're no less effective than strategies based on buying orders.
Tom Tolley's book, "The Short Seller: The Short Seller Game," is dedicated specifically to short trades.
If you trade on the foreign exchange market, then books on working on Forex are more suitable for you; they are located on the second page of the section - "Forex Books".
Day Trading Problem Book by Lewis Borsilino
Many books are devoted to Forex theory or the basics of working in the stock markets, but few textbooks cover the practical aspects of this process. This
day trading exercise book will test your theoretical knowledge and your readiness to work without risking losing money.
It is designed for traders who have chosen intraday trading and technical analysis.
This textbook, written by Lewis Barcilino, a true stock trading professional, is more suitable for traders who already have some knowledge of technical analysis.
At the same time, it also includes information on such aspects of stock trading as preparing for trades, capital management, and risk mitigation.
Summary:
How to read Forex e-books in FB format
If you enjoy reading e-books on your computer, you sometimes get the impression that programmers are constantly creating new formats for these same books.
Just when you've downloaded and gotten the hang of a DJVU reader , new formats pop up all over again.
For example, Facebook's "FictionBook" format, the so-called XML format, is primarily used for reading fiction books due to its limited functionality.
After downloading forex books in this format, they flatly refuse to open with the default programs on your computer.
How can I open and read a FB file?
There are actually several options for solving this problem, and you can use the one that is most convenient for you:
A Man for All Markets. Edward Thorp
These days, you most often encounter books about forex, which aim to cover the technical aspects of stock trading and teach beginners new strategies and tactics.
Unfortunately, theoretical knowledge alone is often insufficient to start making a stable profit; you also need to learn how to think correctly.
Many people struggle to learn trading for years simply because they have a different mindset than professionals.
"A Man for All Markets," a textbook written by Edward Thorp, is just what you need to understand people who made a fortune in the stock market.
Its author is a colorful personality with an interesting biography—a man who successfully applied mathematics both to winning at casinos and to making money on the stock market.
Edward founded two hedge funds with an average return of 20% per annum, which lasted for over 20 years. He created his own options and securities trading system, which has proven its effectiveness in practice.
Behavioral Finance. N. Rudyk
Many beginning traders don't pay enough attention to the role of finance in stock trading. They tend to read only forex books and ignore financial works.
They make the mistake of relying solely on indicator signals, news feeds, or following previously identified patterns.
However, it is precisely knowledge of finance that helps achieve better results in long-term investing.
A PhD in finance isn't necessary; learning the basics and applying this knowledge to financial reporting is sufficient.
However, there are many pitfalls in this area; companies often deceive potential investors by misrepresenting their financial statements.
The book "Behavioral Finance" will help you learn to spot deception and avoid these pitfalls.
Hedger's Diary. Barton Biggs
Hedging is one of the most common risk-reduction techniques in the stock market.
It's precisely this technique that makes stock trading less risky, and traders who actively use it are called hedgers.
This explains why Barton Biggs named his book on stock trading "A Hedger's Diary."
It's worth noting that this publication is more a collection of recommendations for professional investors than a textbook for beginner traders.
This textbook will help you learn how to correctly assess the state of the economy, understand the causes of crises, and learn to anticipate them.
This textbook is dedicated exclusively to stock market trading. If you need knowledge about Forex, it is better to choose another book in the "Forex Books" section.
"The Little Book of Stock Market Winners" by Joel Greenblatt
The stock market has always been a great place to make money; most of today's billionaires made their first millions there.
Securities are easy to predict if you know how to use fundamental analysis, and technical analysis can also be used for trading.
Trading the stock market has its own unique characteristics, distinct from forex trading, that are essential to understand.
"The Little Book of Stock Market Winners," written by academic and hedge fund manager Joel Greenblatt, will help you understand these characteristics.
The author is not only a skilled theorist with a specialized education, but also someone who has successfully applied the knowledge he acquired at university.
If you are interested in books exclusively about forex, you will find them in the "Forex Books" section.
Financier. Theodore Dreiser
In my articles, I've often referenced books by the American author who instilled in me a love of stock trading.
Today, I'd like to share one of them: "The Financier," the first in the "Trilogy of Desires," a series of books about how money was made in the 19th century.
The book is based on the true story of an American millionaire who, from virtually nothing, built a fortune that would now be valued at several billion dollars.
It's a true story of a speculator, a tale of how the nineteenth-century stock market worked, and how leverage worked back then.
You'll also learn the value of insider information and how stock prices are shaped by external factors. You'll also learn how circumstances can have a profound impact, no matter how well-thought-out your plan.
Risk-Free Trading Strategies by Van Tharp
Finding a risk-free trading strategy is perhaps the dream of every trader beginning their challenging journey.
The phrase "risk-free" implies that you'll be insured against losses, which are the main danger of trading.
How far-fetched is this possibility, and is it really possible to find such a strategy?
The authors of the book under review today, "Stock Market Strategies for Risk-Free Trading," set out to explore this.
This book is essentially more of an investor's manual than a professional trader's guide, as it covers many topics not directly related to stock trading.
Therefore, if you are interested exclusively in highly profitable trading, you will find information about it in the "Forex Books" section.
Japanese Candlestick Charts: A Collection of Patterns by V. P. Gusev.
Japanese candlesticks have long been a classic of technical analysis; it's hard to find a trader who hasn't at least once tried using candlestick patterns to forecast trends.
And for good reason, as candlestick analysis is quite effective, often revealing changes in market conditions and increasing supply or demand.
Furthermore, candlesticks are considered one of the simplest methods of trend analysis, making them suitable even for novice traders.
Several candlestick patterns exist that warn of an imminent trend reversal or, conversely, confirm an existing trend.
However, most websites only offer descriptions of candlesticks themselves, rather than practical applications. This book will help fill this gap.
Short-Term Trading: A Beginner's Guide by Tony Turner
Most beginners associate stock trading with long-term trades, where positions are held for a considerable period of time.
Therefore, many believe that stock trading requires large sums of money and that trading on the stock market requires no leverage.
In fact, day trading also exists, and it often yields substantial profits for those who choose this strategy.
You'll find confirmation of this in the book "Short-Term Trading: A Beginner's Guide" by Tony Turner.
The author explains why, unlike forex, long-term stock market strategies are no longer relevant and provides examples of how to profit from short-term trades.
A New Approach to Capital Management by Ralph Fins
Investing is a more complex process than most beginning investors realize.
Many believe it's enough to have money and that investing in something profitable is a breeze, but experience shows that more than half of investments end in losses.
Therefore, capital management skills are crucial; only diversification, insurance, and risk management can help you make a truly profitable investment.
Ralph Finks's book, "A New Approach to Money Management," can be a helpful resource in this regard.
It's dedicated to creating a structured investment portfolio; the author collaborated with employees of a well-known rating company in writing the book.
Technical Analysis of Futures Markets. Murphy, John J.
Many traders who began their careers in the forex market later switched to futures trading.
Most exchange traders believe this market is much easier to predict, and therefore easier to profit from.
Unfortunately, most information describing various trading methods focuses on forex or stock exchanges.
Finding recommendations for futures trading is quite difficult, but John Murphy's book, Technical Analysis of Futures Markets, can help.
The author has long been known to a wide audience for his work on exchange trading, and among investors as the manager of the hedge fund MurphyMorris Money Management Corp.
You've already read another of his books, The Virtual Investor .
Fundamental Analysis of Financial Markets. L. Kolmykova
When trading on the stock exchange, traders use two types of market analysis: technical and fundamental.
Historically, technical analysis receives much more attention, with numerous books and videos describing how to use this method of market analysis.
Online websites also offer descriptions of virtually every technical analysis indicator and numerous trading strategies.
Fundamental research methods, however, are deservedly overlooked, even though in some cases they perform significantly better than technical methods.
This book will fill this information gap; it is entirely devoted to fundamental market analysis.
You can see for yourself by reading its summary:
Forex: The Practice of Speculating on Exchange Rates. Valery Udovenko
Another gift for forex trading enthusiasts, this book is dedicated exclusively to trading on the foreign exchange market.
It can effectively be called a beginner's guide, covering the basics of exchange trading , working with a trading platform, and the fundamentals of technical analysis.
Most importantly, the book covers some practical aspects of forex trading.
At the time of writing, "The Practice of Exchange Rate Speculation" described the latest technologies used in this field.
According to the author, this book is sufficient for self-study of forex trading fundamentals, while deeper skills can only be acquired through practical trading.
The book's content speaks for itself:
The Book of Investment Wisdom by Peter Krass
At first, everyone comes to the stock market for big, quick money and wants to be speculators, but gradually they realize that being an investor is much safer.
Investing doesn't bring huge profits like scalping , but the losses are also incomparably lower.
Being an investor isn't easy either; it requires a wealth of knowledge, which can be gleaned not only from personal experience but also from specialized literature.
The title alone suggests that "The Book of Investment Wisdom" is exactly the textbook a future investor needs.
Its author, Peter Krass, is a well-known analyst and author in financial circles. His book has managed to compile the experience of many successful investors and summarize their knowledge.
Essentially, it's a collection of interviews with great financiers on the most important aspects of trading and investing.
