Amin Sadak – The Afluent Desktop Currency Trader

I recommend this book to newbies because of the following reasons:

• It is very easy to read.
• The author assumes that you know nothing about forex trading at all, so he covers all the background information you need to start trading forex. I have read books that often refer you to many other texts that you need to read first before you understand the concepts covered.
• Although it discusses a bit about how to use fundamental analysis, I like this book because it focuses on how to use technical analysis to trade forex. It uses simple indicators and simple systems.
• It has a detailed chapter on money management, discipline and psychology.
• It provided me with the formula you need to make sure that I only lose a certain fraction of my account in each trade.