What Is a Forex E-Book?

As its name suggests, a forex e-book is simply a type of electronic book that deals with foreign exchange trading. Forex e-books are popular among new traders who are seeking an introduction to the high-level concepts and trading techniques used in the forex market

Key Takeaways

  • Forex e-books are electronic books covering topics related to foreign exchange trading.
  • Like all e-books, they range in quality and credibility, making it important for readers to do their research before selecting an e-book to follow.
  • Forex e-books are popular among new forex traders who are looking for an overview of the forex markets, but they can also be useful for more experienced traders who want to explore a specific subtopic or technique.

Understanding Forex E-Books

Although there is no shortage of e-books available online, readers should carefully consider the e-book’s credibility and objectivity before proceeding. After all, traders and trading firms often produce forex e-books as a type of marketing document, in an effort to find new customers for their brokerage platforms, trading systems, or other products and services. Since forex e-books range in quality, it is wise to only pay for an e-book from a credible and proven source.

Forex e-books can be helpful to novice traders because they offer a low-cost way to gain exposure to a wide range of concepts. Cheaper than printed books, some forex e-books are available for free. And because their authors can update them with new information online, they may be more timely and relevant than traditional printed copies.

By contrast, older books concerning forex trading may be less useful to modern readers because the technologies used in forex trading have changed substantially in recent years.

E-books saw a dramatic rise in popularity throughout the early 2000s. They appear in an electronic format that readers can open on a computer screen, tablet, or e-reader such as the Kindle. By 2010, the e-book had outpaced printed books in sales. Given the inherent complexity of the foreign currency market, e-books have become one of the most popular methods of learning for those who are just getting started in trading forex.

Real-World Example of a Forex E-Book

New forex traders have a wide range of forex e-books to choose from. Some books are focused on providing a general overview of the forex markets and the major techniques used by most traders. Examples of forex e-books in this category include “The Way to Trade Forex” by Jay Lakhani, or “Forex Trading” by Richard Taylor.

Other forex e-books deal with more specific subtopics, such as specialized trading techniques or data visualizations. Examples of these more specialized forex e-books include “Reverse Divergences and Momentum,” by Martin J. Pring, and “An Introduction to Japanese Candlestick Charting,” by Erik Gebhard.