Top 10 Must-Read Forex Trading Books for Aspiring Successful Traders

• By Clinton Wanjala

• 501

• Last updated Sep 20, 2025

These are the best forex trading books that you should read if you want to be a successful trader.

1: Naked Forex: High-Probability Techniques for Trading Without Indicators by Alex Nekritin and Walter Peters

This book focuses on price action, an essential aspect of forex trading, which many traders prefer over indicator-based strategies. It's beginner-friendly and delves into real-world trading setups.

2: Trading for a Living: Psychology, Trading Tactics, Money Management by Alexandar Elder

A comprehensive book that covers not only the tactics of trading but also the importance of psychology and risk management, crucial aspects for long-term success in forex trading.

3: Market Wizards: Interviews with Top Traders by Jack D. Schwager

Aspiring traders can gain insights from interviews with some of the best traders. The stories offer motivation and key lessons in discipline, strategy, and mindset.

4: Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas

This book emphasizes the mental aspect of trading, focusing on discipline and emotional control, which are vital for consistent success in volatile forex markets.

5: Japanese Candlestick Charting Techniques by Steve Nison

Candlestick patterns are fundamental to technical analysis in forex trading. Steve Nison is credited with bringing this technique to the Western world, making it a must-read for technical traders.

6: Trade Your Way to Financial Freedom by Van K. Tharp

This book explains position sizing and risk management in a simple yet effective way, which is key to developing a personalized trading strategy and achieving financial freedom.

7: The Disciplined Trader: Developing Winning Attitudes by Mark Douglas

Another book by Mark Douglas, it complements "Trading in the Zone" by diving deeper into how a trader’s mindset affects performance and how to cultivate winning habits.

8: Millionaire Traders by Kathy Lien and Boris Schlossberg

This book features interviews with successful traders, offering practical strategies and insights. Lien and Schlossberg are well-known figures in the forex community, making it a trusted resource.

9: Forex Trading: The Basics Explained in Simple Terms by Jim Brown

For beginners, this book offers a simplified approach to forex trading, explaining the basics in easy-to-understand language. It’s a great starting point for those new to the market.

10: 50 Pips A Day Forex Strategy by Laurentiu Damir

This book offers a straightforward trading strategy that can be appealing to new traders who want to implement a simple, actionable approach to making consistent pips daily.