Best Forex Trading Books
As technology and communication have advanced to unscaled heights and no boundaries are existing between countries, foreign exchange has become an inseparable part of the economy today. We provide a heads up to the top best forex trading books. Below is the list of such books –To get more news about
Forex Trading Book, you can visit wikifx.com official website.
It is of great use for those who have started trading Foreign exchange and require appropriate guidance, given the abundance of information on the internet. It is a good book for gaining understanding from the very basic. The author has also mentioned one of his Trading systems and the indicators without any further costs associated.
The essential concepts and principles have been covered in a direct manner and a simple language. Examples that traders encounter in daily work have also been highlighted for the readers to have a practical understanding.
The US Dollar has been the centerpiece of the world economy since World War II, and its performance can have a ripple effect on the financial condition of other countries around the globe. This book is a fast-paced look at the financial future, taking into consideration the greed of the financiers, incompetence of the central bank, and dangers of over-reliance on the US Dollar as the Reserve currency.
The 2008 Global Financial crisis has haunted the US economy, and the FED is paying the price for helping the bankers. It is forced to print money to create inflation for offsetting the deflationary effects of the debt overhang from the banking crisis. The Government borrowing ability is required to come as a savior to Wall Street. The drawbacks of Devaluation due to excess printing, reducing the intrinsic value have also been extensively mentioned. The author has made 2 assumptions for arriving at given theories:
This book contains a simple theory provided by the author, which reverses the FOREX market movement with a Simplified money management
system and aids in maximizing profits. The cover of the book highlights this difference, which shows the performance of the market with and without the system.
It is popularly called as ‘Roulette Trader Money Management’ which implements reverse engineering to magnify profits while simultaneously reducing drawdown
in most of the scenarios. The author has once visited a Casino in Las Vegas, whereby he made a loss of $2000 while playing Russian roulette. In order to counter the same, this system was established to ‘Crush Financial Markets like a Professional Gambler.’ This system can be automated and can be used manually, as well.
Post developing the system, the author returned to Las Vegas with $20 and turned it into a profit of $500 in a time span of 1 hour, which was locked in from the automatic profit locking mechanism, and the same gets applicable in financial markets as well. The cover page will itself highlight how the profit is almost 4 times greater, and the maximum drawdown is only about one-third the size.
This edition will lay its focus on the importance of Fundamental Analysis in the movement of the FX Markets. Fundamental Analysis is the base of trading and a primary driver of FX flows and also provides one with the practical knowledge and understanding, which is unique. The market is very volatile in nature and is sensitive to any kind of micro and macro releases and hence making use of such Fundamental analysis is of high importance.
This publication will cover all the aspects of FOREX options from the point of view of a Finance Practitioner and contains all essential information that a trader or quantitative analyst is required to possess working in a bank or a hedge fund. It covers up the theoretical mathematics aspect as well as the comprehensive coverage of implementation, pricing, and calibration.
The content is developed with inputs from traders and real-life examples. It also will introduce to the more commonly requested products from the FX options trading desks
along with various models capturing the risk characteristics essential for accurate pricing of the products. Another aspect covered is the numerical methods required for calibration of these models, a crucial component in practice but often neglected. Robust treatment is given to the following features:
The contents of this edition are crafted after multiple years of testing and getting fingers burnt in the volatility of the financial market. One can follow the success stories of those who have made it big in the financial world, but few will understand the skills and swiftness one learns after going through failure, and this book highlights the same.
This book is targeted for beginners to intermediate traders who are still struggling to make it big in the trading world and can be equipped with rugged tactics to handle complex situations as well. It will cover the 3 main areas in Forex trading:
Best Forex Trading Books
