Forex E-Book
As its name suggests, a forex e-book is simply a type of electronic book that deals with foreign exchange trading. By 2011, 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. 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. 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. 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.
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.
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 2011, 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.
Related terms:
Forex Chart
A forex chart graphically depicts the historical behavior, across varying time frames, of the relative price movement between two currency pairs. read more
Foreign Exchange (Forex)
The foreign exchange (Forex) is the conversion of one currency into another currency. read more
Forex Market
The forex market is where banks, funds, and individuals can buy or sell currencies for hedging and speculation. Read how to get started in the forex market. read more
Forex Spot Rate
The forex spot rate is the most commonly quoted forex rate in both the wholesale and retail market. read more
Managed Forex Accounts
A managed forex account is a type of forex account in which a money manager trades the account on a client's behalf for a fee. read more
Marketing
Marketing refers to the activities of a company associated with buying, advertising, distributing, or selling a product or service. read more
Mine and Yours
Mine and yours are shorthand terms used by forex traders, standing for buying and selling, respectively. read more
Obsolescence Risk
Obsolescence risk is the risk that a process or product used or produced by a company will become obsolete and no longer competitive in the marketplace. read more
Real-Time Forex Trading
Real-time forex trading relies on live trading charts to buy and sell currency pairs, often based on technical analysis or technical trading systems. read more