Forex Books
Education is crucial for any successful trader, and forex books are the perfect starting point.
Whether you want to understand more about technical analysis, psychology, or you’re a beginner who just needs the basics, we’ve compiled a list of the 6 best forex trading strategy books on the market. All the books in this review are available to order online from Amazon, and many are for sale on Kindle or downloadable as a PDF too.
Forex Brokers with Education
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Pepperstone provides forex spreads on the EUR/USD averaging just 0.12 pips with their Razor account. This is highly competitive. Their extensive portfolio includes over 100 currency pairs, which exceeds what most rivals offer. Furthermore, Pepperstone stands out by offering three unique currency indices: USDX, EURX, and JPYX, which are rare on other platforms. They have been recognised with our 'Best Forex Broker' award twice.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.4 0.1 0.4 Total Assets FCA Regulated Platforms 100+ Yes Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView, AutoChartist -
XTB offers over 60 currency pairs with competitive spreads, averaging 1 pip on major pairs. The xStation platform is user-friendly, featuring over 30 indicators in its charting package and a variety of order types, supporting diverse trading strategies and risk management.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.4 1.0 1.4 Total Assets FCA Regulated Platforms 70+ Yes xStation -
IG provides an extensive selection of over 80 currency pairs through its own web platform, mobile app, or MetaTrader 4. For advanced charting and forex analysis, the ProRealTime software is available. Testing shows forex spreads are competitive, beginning at 0.1 pips on major pairs such as EUR/USD.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.9 0.8 0.9 Total Assets FCA Regulated Platforms 80+ Yes Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime -
IBKR offers a vast range of over 100 forex pairs, including major, minor, and exotic currencies, outstripping most competitors except CMC Markets. Trading is available across multiple platforms with institutional-grade spreads beginning at 0.1 pips. There are also 20 sophisticated order types, such as brackets, scale, and one-cancels-all (OCA) orders, enhancing trading strategies.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.08-0.20 bps x trade value 0.08-0.20 bps x trade value 0.08-0.20 bps x trade value Total Assets FCA Regulated Platforms 100+ Yes Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower -
Vantage provides over 55 currency pairs, exceeding the industry norm, giving traders ample opportunities. With a robust liquidity pool, forex spreads start at 0.0 pips on the ECN account, often beating other options. Additionally, there are no commissions, deposit fees, or hidden charges.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.5 0.0 0.5 Total Assets FCA Regulated Platforms 55+ Yes ProTrader, MT4, MT5, TradingView, DupliTrade -
FOREX.com remains a leading FX broker, providing 80 currency pairs with highly competitive fees. EUR/USD spreads can reach as low as 0.0, with a $7 commission per $100k, making it a standout choice.
GBPUSD Spread EURUSD Spread GBPEUR Spread 1.3 1.2 1.4 Total Assets FCA Regulated Platforms 84 Yes WebTrader, Mobile, MT4, MT5, TradingView -
Eightcap provides over 50 currency pairs, matching the industry norm but falling short of leaders like CMC Markets, which offers more than 300. Nonetheless, Eightcap distinguishes itself with institutional-quality spreads starting from 0.0 pips on major pairs such as EUR/USD. The broker's competitively low commissions at $3.50 per side further enhance its appeal. Eightcap also equips traders with comprehensive forex data, including essential fundamentals, bullish and bearish signals, and a calendar monitoring significant foreign exchange market events.
GBPUSD Spread EURUSD Spread GBPEUR Spread 0.1 0.0 0.1 Total Assets FCA Regulated Platforms 50+ Yes MT4, MT5, TradingView
Pepperstone
XTB
IG
Interactive Brokers
Vantage FX
Forex.com
EightcapSafety Comparison
Compare how safe the Forex Books are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✘ | ✔ | |
| XTB | ✔ | ✔ | ✔ | ✔ | |
| IG | ✔ | ✔ | ✔ | ✔ | |
| Interactive Brokers | ✔ | ✔ | ✘ | ✔ | |
| Vantage FX | ✔ | ✔ | ✘ | ✔ | |
| Forex.com | ✔ | ✔ | ✘ | ✔ | |
| Eightcap | ✔ | ✔ | ✘ | ✔ |
Payments Comparison
Compare which popular payment methods the Forex Books support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| XTB | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| IG | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
| Interactive Brokers | ✔ | ✔ | ✘ | ✘ | ✘ | ✘ |
| Vantage FX | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Forex.com | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Eightcap | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
Mobile Trading Comparison
How good are the Forex Books at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Pepperstone | iOS & Android | ✘ | ||
| XTB | iOS & Android | ✔ | ||
| IG | iOS & Android | ✔ | ||
| Interactive Brokers | iOS & Android | ✔ | ||
| Vantage FX | iOS & Android | ✘ | ||
| Forex.com | iOS & Android | ✘ | ||
| Eightcap | iOS & Android | ✘ |
Beginners Comparison
Are the Forex Books good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| Pepperstone | ✔ | $0 | 0.01 Lots | ||
| XTB | ✔ | $0 | 0.01 Lots | ||
| IG | ✔ | $0 | 0.01 Lots | ||
| Interactive Brokers | ✔ | $0 | $100 | ||
| Vantage FX | ✔ | $50 | 0.01 Lots | ||
| Forex.com | ✔ | $100 | 0.01 Lots | ||
| Eightcap | ✔ | £100 | 0.01 Lots |
Advanced Trading Comparison
Do the Forex Books offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
| XTB | - | ✔ | 1:30 | ✘ | ✘ | ✔ | ✘ |
| IG | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | ✔ | 1:30 (Retail), 1:222 (Pro) | ✔ | ✔ | ✔ | ✔ |
| Interactive Brokers | Capitalise.ai, TWS API | ✘ | 1:50 | ✘ | ✔ | ✔ | ✔ |
| Vantage FX | Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 | ✔ | ✘ | ✘ | ✘ |
| Forex.com | Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 | ✔ | ✔ | ✔ | ✘ |
| Eightcap | TradingView Bots | ✘ | 1:30 | ✔ | ✘ | ✔ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Forex Books.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | |||||||||
| XTB | |||||||||
| IG | |||||||||
| Interactive Brokers | |||||||||
| Vantage FX | |||||||||
| Forex.com | |||||||||
| Eightcap |
Our Take On Pepperstone
"Pepperstone stands out as a top choice for trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends)."Tobias Robinson
Reviewer
Pros
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading.
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing and friendly agents knowledgeable about its products and trading tools.
- Pepperstone presents itself as an economical choice for traders, offering spreads as low as 0.0 in its Razor account. The Active Trader programme provides rebates up to 30% on indices and commodities, plus $3 per lot on forex.
Cons
- Offers limited internal market research. They partner with third-party providers like Autochartist to fill this gap. This is a minor issue as there are plenty of other sources that can provide in-depth market analysis.
- Despite improvements to its range of markets, crypto offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.
- Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
Our Take On XTB
"XTB excels for novice traders with its superb xStation platform, minimal trading costs, no required deposit, and outstanding educational resources, many of which are fully integrated into the platform."William Berg
Reviewer
Pros
- XTB processes withdrawals swiftly, paying within 3 business days, subject to the method and amount.
- Setting up an XTB account is straightforward and fully online, requiring only a few minutes. This simplicity eases new traders into the world of trading.
- The xStation platform stands out with its user-friendly design and intuitive tools, such as adaptable news feeds, sentiment heatmaps, and a trader calculator. These features streamline the learning process for new traders.
Cons
- XTB has stopped supporting MT4, restricting traders to its own platform, xStation. This decision may discourage experienced traders accustomed to using the MetaTrader suite.
- It is frustrating that XTB products do not allow traders to modify the default leverage level. Manually adjusting leverage can greatly reduce risk in forex and CFD trading.
- XTB lacks a raw spread account, a feature increasingly offered by competitors such as Pepperstone. This omission might not satisfy traders seeking the most competitive spreads.
Our Take On IG
"IG offers a complete package: an easy-to-use web platform, top-tier beginner education, enhanced charting via TradingView, up-to-date data, and strong trade execution for seasoned traders."Tobias Robinson
Reviewer
Pros
- IG excels with its diverse instruments, offering stocks, forex, indices, commodities, and cryptocurrencies. Additionally, it provides US-listed futures, options, and an AI Index, ensuring varied diversification opportunities.
- IG provides a wide range of professional and engaging educational materials, such as webinars, articles, and analyses, tailored for traders.
- IG secured a crypto asset license from the FCA, enabling its return to the UK market. It now offers buying, selling, and storage services for over 55 digital tokens with fees starting at 1.49%, all under FCA regulation.
Cons
- In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses.
- Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs.
- IG has ended its swap-free account, diminishing its attractiveness to Islamic traders.
Our Take On Interactive Brokers
"Interactive Brokers ranks highly for seasoned traders due to its robust charting platforms, live data, and bespoke layouts via the new IBKR Desktop app. Its competitive pricing and sophisticated order choices appeal to traders, and its wide equity options are industry-leading."Tobias Robinson
Reviewer
Pros
- A wide range of third-party research subscriptions, both free and paid, are available for traders. Additionally, by subscribing to Toggle AI, traders can receive commission rebates from IBKR.
- Interactive Brokers has introduced ForecastTrader, an innovative product offering zero-commission trading with yes/no Forecast Contracts on political, economic, and climate events. It features fixed $1 contract payouts, 24/6 market access, and a 3.83% APY on positions held.
- While initially targeting seasoned traders, IBKR has recently widened its appeal by eliminating its $10,000 minimum deposit requirement.
Cons
- Support can be sluggish and frustrating. Tests reveal that you may face challenges reaching customer service quickly, which could result in delays in issue resolution.
- You are limited to a single active session per account, meaning you cannot use both your desktop programme and mobile app at the same time. This restriction can occasionally lead to a frustrating experience for traders.
- The learning curve for TWS is quite steep, making it tough for novice traders to navigate and grasp all its features. In contrast, Plus500's web platform is far more accessible for those new to trading.
Our Take On Vantage FX
"Vantage is an ideal choice for CFD traders looking for a well-regulated broker with access to the dependable MetaTrader platforms. With a swift sign-up process and a minimum deposit of $50, starting trading is simple and fast."Tobias Robinson
Reviewer
Pros
- ECN accounts offer competitive terms, featuring spreads starting at 0.0 pips and a commission of $1.50 per trade side.
- Hedging and scalping strategies are fully permitted without any short-term restrictions.
- Vantage has enhanced its trading tools for experienced traders, introducing AutoFibo EA to pinpoint potential market reversals.
Cons
- Regrettably, cryptocurrencies are accessible solely to clients in Australia.
- To access optimal trading conditions, a substantial deposit of $10,000 is required. This includes a commission of $1.50 per transaction per side.
- It's unfortunate that some clients must register with the offshore firm, which provides reduced regulatory safeguards.
Our Take On Forex.com
"FOREX.com excels in serving traders of all levels, offering more than 80 currency pairs, spreads starting at 0.0 pips, and competitive commissions. Its robust charting platforms provide over 100 technical indicators and comprehensive research tools."Tobias Robinson
Reviewer
Pros
- FOREX.com provides top-tier forex rates beginning at 0.0 pips, along with attractive cashback rebates up to 15% for dedicated traders.
- An abundance of educational resources is available, such as tutorials, webinars, and an extensive YouTube channel, designed to enhance your understanding of financial markets.
- The in-house Web Trader remains a top-tier platform for budding traders, featuring an elegant design and more than 80 technical indicators for market analysis.
Cons
- Demo accounts are typically limited to 90 days, hindering effective strategy testing.
- FOREX.com's MT4 platform provides around 600 instruments, a notable reduction compared to the more than 5,500 options on its other platforms.
- US clients are not protected against negative balances, which means you could end up owing more than your initial deposit.
Our Take On Eightcap
"Eightcap excels for traders, offering diverse charting platforms, educational Labs, and AI tools. With over 120 crypto CFDs, it stands out in crypto trading and has won our 'Best Crypto Broker' award twice consecutively."William Berg
Reviewer
Pros
- In 2026, Eightcap integrated TradeLocker, distinguishing itself as the premier regulated broker for TradeLocker. It continues to offer ultra-fast execution and competitive fees for active traders on the charting platform.
- Eightcap excels with a suite of advanced trading tools, such as MT4 and MT5, and has recently joined the 100-million-user social trading network, TradingView.
- Eightcap has excelled in all essential trading areas, surpassing all rivals to clinch our 'Best Overall Broker' award for 2024. It also earned the titles of 'Best Crypto Broker' and 'Best TradingView Broker' for 2025.
Cons
- The demo account is available for 30 days, after which it requires a request for extension. This is less convenient than XM's offering, which provides an unlimited demo mode.
- Despite the growing range of tools available, Eightcap lacks popular industry resources such as Autochartist and Trading Central. These provide advanced charting analytics, live news, and essential market insights for traders focused on short-term strategies.
- Eightcap must enhance its range of over 800 instruments to rival top competitors like Blackbull Markets, which offers 26,000+ assets, especially improving its limited commodities selection.
Books Every Forex Trader Should Read
1. Currency Trading For Dummies by Kathleen Brooks and Brian Dolan
As a true FX rookie, where best to start learning than with one of the forex books for dummies?
Kathleen Brooks, the Director of Research for Forex.com and Brian Dolan, former Chief Currency Strategist, break down the vast subject of forex trading into simple concepts that all FX buyers and sellers should know.
In particular:
- How the foreign currency exchange market works
- How your risk appetite, investment objectives and experience level should impact your trades
- How to use economic data and psychology to read the market
- How to develop a forex trading strategy
By the end of the book, you’ll have learnt how to develop your very own forex trading system that can turn a real profit.
However, reviews suggest that the terminology used can be complex. For those without a background knowledge of finance, it’s best to start with the ‘economics for dummies’ forex books. These explain the fundamentals of macroeconomics, supply and demand and much more – concepts which are the backbone for any trading strategy.
2. Forex For Beginners by Anna Coulling
Another fantastic read for those new to investing is Anna Coulling’s ‘Forex for Beginners’. Coulling has written 3 forex books, each of which could easily feature in the top 5. Her latest must read focuses on risk management to decipher whether a trade is the right move. Is the risk level of a trade high, medium or low? And, what is the financial risk?
There are images to show patterns in the data using Japanese candlesticks and other fundamental charting instruments. Coulling also offers a unique take on the forex broker and how the choice could impact your trades. Crucially, at the end of the book, there’s an introduction to her heralded ‘Volume Price Analysis’ theory, which many traders tout as their most powerful tool.
With over 20 years experience forex trading in the UK, Anna’s book aims to help you turn exchange rates into profits.
Best forex books for beginners
3. Day Trading QuickStart Guide: The Simplified Beginner’s Guide To Winning Trade Plans, Conquering The Markets, And Becoming A Successful Day Trader By Troy Noonan
If you’re looking to read up on day trading strategy, Troy Noonan’s forex books are the best place to start. This is much more than just forex, Noonan helps you to understand how day trading can apply to futures, options and other derivatives. There’s detail on technical indicators, signals, trade plans, and how to avoid expensive mistakes. But fundamentally, Troy will show you how to profit from FX without the risk that overnight positions hold.
4. The Alchemy Of Finance By George Soros
George Soros is one of the most successful traders of all time. He famously beat the Bank of England shorting the pound in one of the biggest forex trades ever – earning a cool $1 billion. But, he’s also executed trades with huge losses too. An overvaluation of Bearn Stearns resulted in the purchase of shares in the company at $54, only for them to be sold off a $2 per share just days later.
In arguably his best book, The Alchemy of Finance, Soros shares the investment strategies that have made him who he is today. Whilst not specific to forex, this is one of the top books that every trader in the business should read.
5. Naked Forex: High-Probability Techniques For Trading Without Indicators By Alex Nekritin
For a unique approach to forex trading, Alex Nekritin’s book ‘Naked Forex’ introduces the concept of trading without indicators. While most forex traders rely upon indicators to plan a trade, Alex’s strategy involves watching price charts closely instead. The book is based on Walter Peters’ money management method and details the 6 trading setups that every good trader should know. There’s a particular focus on how cognitive psychology can influence trading decisions, and how a good trader can make that work to their advantage.
6. Forex Trading: The Bible By Samuel Rees And Ralph L. Rati
If you prefer to listen to audio books, Forex Trading: The Bible comes highly recommended. We like this book primarily for beginners as there’s a lack of advanced explanation. The narration can be over-enthusiastic at times, but for those looking to learn while on-the-move, this will help you cover the basics.
The Forex Trading: The Bible audio books are available for download on Audible both on iPhone and Android (APK). You get five ebooks for the price of one, plus, with the Audible 30-day free trial you can try it out without spending a penny.
Final Word On Forex Books
There are forex trading books out there for almost any strategy and experience level. From those designed to teach beginners the very basics, to those that cover scalping, hedging and other FX strategies for the more advanced. We’ve summarised the most highly-rated to make the decision easy. But, of course, nothing beats testing your knowledge in the real world. Try out your new found skills on a broker’s demo account before executing real life trades.
FAQ
Can I Learn To Trade Using Forex Books?
Books are perfect for learning to trade forex. The best books outline simple trading concepts and strategies, making them easy to understand. Most forex trading books include images of charts to help explain theories. Once you’ve read up, you can test your new found knowledge on a broker’s demo account.
Are Audio Books Useful For Learning To Trade Forex?
Audio books can be useful for those who want to learn forex trading on-the-go. However, we’d recommend books that use volume charts to help explain concepts. That way, when you trade for real, you’ll recognise the patterns in the data.
What Are The Best Forex Trading Books For Beginners?
The top three recommended forex education trading books for beginners are:
- Currency Trading for Dummies by Kathleen Brooks and Brian Dolan
- Forex for Beginners by Anna Coulling
- Naked Forex: High-Probability Techniques for Trading Without Indicators by Alex Nekritin
Can Anyone Start Trading Using Forex Books?
Yes, there’s a breadth of forex trading books available aimed at beginners up to experts. From basic economic concepts to complex risk management systems, books are an excellent tool for FX investors. Look for a book that offers the level of detail you want and focuses on the techniques you’re interested in.
Can Forex Books Provide Profitable Strategies?
Traders around the world profit from trading forex every day. However, profit is not a given. Successful traders use data and analysis to predict whether a trade will make money. An understanding of basic strategy, logic, and macroeconomics is vital, and that’s where forex books can play a part – teaching traders what sit behinds a profitable investing system.