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5 technical Analysis Books for Advanced Forex Trading in 2022

Mastering the Forex market can be a challenge. One needs to study a lot and never ignore the importance of Forex education. We have already published the list of top books for technical analysis. They are fundamental to reading and learning.

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But this time, we want to share additional sources to learn more about sentiments, stock charts, and various charting approaches that will take your Forex strategies to a new level. After you read at least some of them, you can perform cross-market activities trading not only currency pairs but also stocks and crypto with success.

We are ready to go!

1. Cloud Charts by David Linton

The book is based on cloud charting using the Ichimoku Technique. If you use this kind of Japanese chart, the book is a must-have. The Author is a successful trader himself. He has also published two more books devoted to technical analysis.

This one will suit Forex traders who use the Ichimoku Technique which relies on 4 baseline indicators that help to identify the best opportunity to purchase or sell the asset. The method can be used not only in Forex trading but also to buy or sell stocks and commodities.

The book contains detailed descriptions of how to apply this particular method when trading different instruments. In simpler words, the author provides a comprehensive guide to the Ichimoku Technique that will definitely help you improve your investing approach.

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2. The Japanese Candlestick Trading Techniques

The author of this book was actually the one to introduce candlestick charting to the Western trading community. Steve Nison introduces the 2nd edition with updated guides and special insights on how to trade different assets using Japanese candlesticks.

The main idea behind this book is to help people learn to predict currency or stock prices, make well-thought decisions, and promptly react to unexpected market movements. What’s more, here we have each candlestick type explained and described in detail.

Nison shows how to use different types of candlesticks to identify trends, different price patterns, and market reversals. Additionally, readers will find several essential case studies based on the author’s personal trading experience with real-life examples and steps to take under specific market conditions.

The book will turn your daily Forex chart trading into a versatile technique where you can foresee different scenarios and apply your Forex strategies accordingly.

3. The Definitive Guide to Point and Figure by Jeremy de Plessis

As you can judge by the name of this book, the author keeps focusing on the point and figure charting method that is very popular among stock traders. In his book, Jeremy de Plessis covers all crucial stages from A to Z. readers will learn how to set up charts properly to be able to identify different formations and trends.

Additionally, the book showcases several personal case studies used by Plessis to sport either buying or selling opportunities in the changing market. If a trader wants to get the IFTA certification and become a professional, the point and figure charting method is obligatory to know. For beginners, that method may turn out to be an eye-opening approach.

4. R N Elliott’s Masterworks

The book is a part of Robert Precther’s Definitive Collection series. It is actually a compilation of essential works introduced by the father of the Elliott Wave Theory. In this particular book, readers will find some of Elliott’s most important notes and articles that cover not only the Elliott Wave Theory basics but also advanced topics.

If you are interested in learning more about the theory and the idea behind it, the book will be a great option. It offers a comprehensive view of different trading methodologies and approaches to perform market analysis.

R N Elliott’s Masterworks is a single all-in-one book that contains original writings and views of the theory from different angles based on three fundamental and ground-breaking works.

5. Quantitative Trading Systems by Dr. Howard B. Bandy

The book delivers practical methods for designing, testing, and validating different trading patterns. What’s more, here you can find examples of how to build a successful and robust trading system.

The work is dedicated to ways and tools traders might need when developing and applying quantitative trading methods across different financial markets. Readers will find essential information that covers baseline topics as well as advanced materials.

It is not just a set of rules and mechanism descriptions. The book contains the author’s insights tailored to such crucial factors as a trader’s risk tolerance, the ability to set proper investment goals, and the steps to achieve them. Traders will find numerous real-life examples and case studies that illustrate the concept in detail.

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.