Investing in foreign exchange, especially for beginners, is a tedious job. Though the market can be predicted through patterns and trends, a sudden change in the wind’s direction can blow your assets in the wrong path. This is why it is very important to acquire knowledge and master some necessary skills first before taking a leap.
For starters, foreign exchange can be terrifying as it involves money and a lot of risks. However, learning how it works can now be understood through the help of expertly-written ebooks. Experienced investors definitely started from scrolling through the pages of the following eBooks before they become better at what they do.
Currency Trading for Dummies
Authored by expert traders, Kathleen Brooks and Brian Dolan, this book teaches the know-hows of the foreign exchange market using simple and digestible language. Forex has a lot of terminologies that are hard to comprehend for starters but this book makes the subject accessible to ‘dummies,’ as what it promises.
The book provides a step-by-step plan of action on how to begin in foreign exchange. It enables readers to grasp the concept of the market little by little, which lets them understand the concept of trading without overwhelming them with compex ideas.
Aside from that, both authors are certified masters in the field. Brooks is the research director of Forex.com based in London and is regularly quoted on business TV. Meanwhile, Dolan works as the Chief Currency Strategist of Forex.com and has more than 20 years of experience in the field.
Day Trading and Swing Trading the Currency Market
This book is recommended for beginners and serves as a guide for advanced learners at the same time. It provides the latest strategies to develop the skills of learners and make informed decisions based on up-to-date depiction of the market.
Day Trading and Swing Trading the Currency Market covers the trading theories and actionable approaches such as time-tested trading strategies, unique currency characteristics, technical analysis trading strategies, and a lot more. If you are a Forex broker in Vietnam who wants to up your game, this book will truly help you.
Kathy Lien, its author, is BK Asset’s Managing Director and an internationally published author of bestselling books about trading. She has more than 20 years of experience in the market which started when she was 18. She appears frequently in business TV and often quoted in leading news publications.
Japanese Candlestick Charting Techniques
Among other trading books, the Japanese Candlestick Charting Techniques is quite unique. It is a technical analysis book that focuses on teaching an ancient investment technique which originated from East Asia.
The candlestick charting, now widely used in the West, is used to represent price movements based on trading decisions influenced by the emotions of traders. This method was developed by a Japanese named Homma in the 1700s. The bar and point-and-figure chart of the West was developed a hundred years later.
Author Steve Nison provided an elaborate discussion of the technique through the book. There, he discussed the different candlestick patterns that determine the highs and lows of the market. It is said that using the Japanese candlestick method with other techniques will result in greater efficiency in market analysis.