what is the best forex book?

I am a complete Noob when it comes to trading, but am willing to learn and walk the long and narrow path. I have been reading threads on this forum to find out what MM, pips, FC etc etc means. Quite a substantial amount of abbreviations the clever guys use.
I am also looking for a book that explains the bare basics in trading, eg, the abbreviations, when to trade etc. But if I have to buy all the books mentioned in this thread alone, I am not going to start trading until 2019 (I am a slow reader).
Can anyone suggest a basic, explanatory book I can start off with. I have also browsed the NET, but again, everyone believes that their book is the best.
Thank you

Hi seankoek,

These are the comprehensive list of books that had the biggest impact on my trading.

For starters i would recommend technical analysis of the financial markets and the complete turtle trader.

I'm a trend follower so that may explain why some of the books are skewed towards trend following.

Let me know if that helps!

fartist

I got started with plenty of books and eventually got my brain clotted with information overload.

I'm a newbie with 7 months old experience but I started making consistent profits after going back to the basic, Price Action Trading .

Chris Lee from Candlesticks Made Easy and Nial Fuller's FREE videos are pretty good .

Top Forex books

http://thetraderfx.blogspot.com/p/r.html

Tao

If u are looking for some trading books pm me, i know a guy, he has bunch of them

can any one give me free download link for ""beyond technical analysis" book 2nd edition please

IMO it depends on what kind of approach you are planning on taking in the markets.

I originally begun my trading experience trading equities using mechanical methods (a bit like using EAs in forex). It order to skew the R:R in my favour I held trades for the longish term. Consequently, my initial books were on system development and trend following.

For me Mastering the Trade by John Carter

If I limit my answer to just books, these are the ones I recommend:

1. Brooks, Al - Trading Price Action Trends
2. Brooks, Al - Trading Price Action Trading Ranges
3. Brooks, Al - Trading Price Action Reversals
4. Douglas, Mark - Trading in the Zone

That said, there are some video courses I'd recommend as well, maybe even over the books.

Good 'Forex books' also happen to be pretty good books for trading in general. My picks are:

1. Market Wizards by Jack Schwager
2. Reminiscences of a Stock Operator by Edwin Lefevre

I also heard that Extraordinary Popular Delusions and the Madness of Crowds is a good read though I haven't read it yet.

Recommendations that really get into the meat and bones that are not confined to Forex but are extremely relevant but mostly concerned with Trend Following include:
1. Trend Following with Managed Futures: The Search for Crisis Alpha - Greyserman & Kaminski;
2. Stocks on the Move: Beating the Market with Hedge Fund Momentum Strategies - Clenow;
3. Dual Momentum Investing - Antonacci;
4. Following the Trend: Diversified Managed Futures Trading - Clenow;
5. Building Winning Algorithmic Trading Systems - Davey;
6. Beyond Technical Analysis: How to Develop and Implement A Winning Trading System - Chande;
7. Quantitative Investing: Strategies to Exploit Anomalies for all Investors - Piard;
8. Trading Systems: A new Approach to System Development and Portfolio Optimisation - Tomasini/Jakle

Title sounds interesting, whats it about?

The reviews do better than I can . :-)

Hmm, looks interesting.

For the technical side of things I would recommend these:
New Concepts in Technical Trading Systems - J. Welles Wilder
Technical Traders Guide to Computer Analysis of the Futures Markets - Charles Lebeau and David Lucas

The one to which I find myself referring fellow-members most often, here, is Michael Harris's book, Profitability and Systematic Trading (Wiley, 2007).

Without a reasonably accurate understanding of these concepts - either from that book or from an equivalent - it's extremely difficult to make any steady profits even from profitable systems with a proven net positive expectation ("genuine edge").

As far as my readings I find Disciplined Trader by Mark Douglas is far the best book to be read for those who are struggling to make consistent profits. It clearly shows what trading is all about.

the one you are going to start writing after five years of experience..!

Hello everybody. Very interesting topic. Now I use technical analysis, but it is very interesting to try a fundamental. It seems to me that the fundamental analysis more likely to earn good money. But its drawback is that you need a lot of time to spend on market research. What do you think, is it worth trying?

Out of all the Forex-themed books that I've read Steve Nison's works on Japanese candlesticks were the ones I found to be the most helpful.