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.
B. Sito Psychology of Electronic Trading.
Psychology is a key component of any trader's preparation, and in the case of electronic trading,
this aspect's importance increases exponentially.
This book aims to prepare novice traders for electronic trading and the challenges they may face.
In addition to purely psychological aspects, the book also covers some technical aspects of organizing electronic trading.
Chapter summaries:
L. Borsellino. Day Trading Tutorial.
Stock trading has many facets, but one of the most interesting is the use
of futures as a trading object. This option is especially attractive for beginning traders, as trading contracts on specific commodities is easier than speculating on exchange rate fluctuations.
The author of "The Day Trading Manual," L. Borsellino, aims to teach readers how to trade futures and stocks while minimizing trading risk.
Moreover, the strategies presented are designed for intraday trading, allowing for maximum profits thanks to high leverage.
Written by a trader with extensive experience trading on the real exchange, the author shares his experience and insights, offering invaluable advice on stock trading.
M. Weiss "Make money during a panic on the stock market."
Most people believe that during a crisis you can only lose money, but not the head of one of the investment
companies, Dr. Martin D. Weiss.
In his opinion, you can make good money from falling prices of shares and other assets; the textbook is a practical guide to action in crisis situations.
It contains several of the most effective approaches that will allow you to distinguish profitable assets from fake ones and make a truly effective investment.
The book is written in an artistic style, which makes it easier to understand. Main chapters of the book.
1. Broker's secret goal - what brokers usually offer to their clients.
Beat Wall Street. Book by Peter Lynch.
There are plenty of books written by unsuccessful traders or even trading theorists, and while they can certainly
provide useful information, truly invaluable experience comes from books written by true professionals. "
Beating Wall Street" was written by the manager of one of the largest hedge funds, thanks to whom the fund's capital grew more than 700-fold, from $18 million to $14 billion.
Naturally, someone who has achieved such results has much to share with readers. The book focuses on stock market trading, but the basic recommendations it offers can also be applied to the Forex market.
The sections are broadly divided into the following:
E. Naiman. The Path to Financial Freedom. A Professional Approach to Trading and Investing.
This comprehensive trading and investing textbook will not only teach you the basics of stock trading, explore the fundamentals of
technical and fundamental analysis, but also teach you how to plan your investments.
The book also includes a practical course on stock trading, introducing you to the most common trading strategies.
The book's main goal is to teach investors to approach stock trading as a business, not a gamble. The main sections are:
1. Sources of Wealth – covers the general concepts of capital and its proper use for profit.
Stock Market Wizards. Interviews with Top Traders.
The easiest way to get a sense of what stock trading is is to read success stories.
Examples of successful traders can serve as a clear guide to turning your dreams into reality.
The book "Market Wizards" contains a wealth of amazing stories about people who managed to turn thousands into millions, and millions into billions of dollars.
Most importantly, most of these stories are told firsthand, making them even more valuable.
Even those unfamiliar with trading will enjoy reading this book, while professionals will find it rich in useful information.
Technical Analysis: A Beginner's Course
It's not easy to get an understanding of technical analysis from individual articles on websites or forum posts.
A specialized textbook is best for a basic understanding.
The book "Technical Analysis: A Beginner's Course," created by analysts at Reuters, provides a comprehensive overview of the fundamental concepts of this discipline.
Step by step, you'll learn the purpose of technical analysis and the various methods and techniques available. You'll also learn about the supporting software that can be used in a trader's terminal.
The book is structured as follows.
How to play and win on the stock exchange - A. Elder.
The book's author, A. Elder, is a recognized genius of technical analysis. However, according to the trader and analyst himself,
successful stock trading relies on more than just technical analysis.
Good results can only be achieved by incorporating such factors as psychology, risk management, and technical analysis.
Therefore, the book is a comprehensive guide to stock trading that will help a novice trader understand the market and learn how to profit from it.
To familiarize themselves with the book's contents, here's a brief overview of its sections:
1. Psychology – the first two chapters are devoted to this topic, examining both individual psychology and assessing the influence of crowd behavior on changes in stock market supply and demand.
Trading in the World Currency Markets (Cornelius Luca).
One of the few books devoted exclusively to currency trading, this book will provide readers with a wealth of insights into trading on the Forex
market.
It covers a wide range of topics, from the formation of the market itself to a description of the participants in transactions and the factors that drive exchange rate movements.
Essentially, you'll receive a complete course on speculative currency trading, the main components of which are:
1. The first five chapters are entirely devoted to the history of the Forex market and a description of the European Monetary Union, as well as providing an overview of the currencies primarily traded on the Forex market.
ABC of currency dealing (Suvorov V.G.).
This book is an excellent resource for those considering speculative trading in financial markets. Given the versatility
of the information provided, it teaches trading in the forex, futures, and stock markets.
However, it should be noted that the primary focus is on forex trading, while the book's primary goal is to demonstrate that trading is a serious business requiring extensive knowledge and practical experience.
The book consists of nine main sections:
Forex. From simple to complex. (Morozov and Fatkhullin).
The book lives up to its title; it's essentially a classic textbook on forex trading,
perfect for beginner traders.
It introduces the reader to the general concepts of exchange rate formation, gradually moving on to an explanation of the terms used in forex trading.
Considerable attention is devoted to technical and fundamental analysis, and the description of these two methods of market analysis is presented in a highly understandable manner.
The book's main sections are:
Playing for money (Adam Smith).
If you expect to learn something from this book about Technical Analysis or study other technical aspects of trading, then it is better to immediately
proceed to reading the next textbook.
The game for money written by Adam Smith is not a textbook; the book contains stories from stock exchange practice that give a general idea of the very essence of the stock exchange.
The book will allow you to learn some interesting features of working on the stock exchange, get to know its participants, and study their characters and habits.
Reading it can be called a pleasant pastime, not a study; from the first pages, the author completely absorbs the reader’s attention with a unique style of presenting information.
Technical analysis, complete course (Jack D. Schwager).
It might seem difficult to add anything to the technical analysis arsenal, with so many books and articles written on the topic. However, each
author uses their own approach to market research, and sometimes even after you think you know everything, the next textbook reveals new insights.
Technical Analysis by Jack Schwager, while covering fundamental topics, is more suitable for traders with some trading experience. The entire book is based on practical examples and written in an accessible language.
The first part of the textbook is devoted to the purely technical side of the topic, describing the theory of technical analysis—the types of charts used for it, trends and trading ranges, support and resistance lines , and channel construction using them. A description of graphical and candlestick analysis is also included.
Small Encyclopedia of the Trader.
Another book that will give you a more comprehensive understanding of trading. Although the textbook is called "
The Trader's Small Encyclopedia," its two main sections are devoted to technical and fundamental analysis.
The book does not cover general trading issues or practical trading recommendations, but only the theory of market analysis.
The knowledge gained from reading this book can be applied to both the forex and stock markets.
1. Fundamental Analysis - a general understanding of fundamental analysis in financial markets. Fundamental factors , their impact on the market, and their lifespan. The relationship between factors and exchange rates.
Trade chaos.
The inexorable statistics of the stock exchange say that more than 90 percent of traders constantly suffer losses. If you do not want to become one of those participants in these statistics, this book is for you.
The book "Trading Chaos," authored by renowned trader and analyst Bill Williams, will help you learn how to achieve consistent profits in any financial or commodity market.
The foundation for developing strategies is "House Theory," and its application allows for a completely new perspective on market trading.
The book's particular value lies in the fact that its author is not just a theoretician unfamiliar with trading, but a true king of futures trading. Bill Williams' personal best is increasing his trading account by more than 500% in just six days.
Stock market speculator universities.
Numerous books have been written about trading, but the majority employ a scholarly style, which can be rather dull and sometimes difficult for the average reader. "
Universities of Stock Speculator Victor Niederhoffer" offers a casual introduction to stock trading, and the book helps even those unfamiliar with finance understand what trading is.
Much of the material describes the author's biography and personal experience, making the book read like a work of fiction rather than a boring university textbook.
1. "Lessons from Brighton Beach" - a brief biography and recommendations for developing personal qualities.
2. "Panic and Hoodoo" - an analysis of the frequency of stock market panics, including buying after the price hits bottom.
