If I want to know more about forex trading, can anyone suggest me a great book to read? I have no basics in forex trading at all.

If you're new to forex trading and looking for a comprehensive and beginner-friendly book, I highly recommend "Currency Trading for Dummies" by Brian Dolan. Here are some reasons why this book is a great starting point:

Currency Trading for Dummies by Brian Dolan

1. Beginner-Friendly: This book is written in a clear and accessible style, making it perfect for those who have no prior knowledge of forex trading.
2. Comprehensive Coverage: It covers all the basics you need to get started, including what forex trading is, how the forex market works, and the fundamental concepts and terminology.
3. Practical Advice: The book provides practical tips on how to open a trading account, how to read forex quotes, and how to use leverage responsibly.
4. Strategies and Tools: You'll learn about various trading strategies, technical analysis, and fundamental analysis, along with tools and resources to help you make informed trading decisions.
5. Risk Management: Emphasis on risk management and developing a trading plan, which are crucial for long-term success in forex trading.
6. Real-Life Examples: The book includes real-life examples and scenarios to help you understand how the concepts apply in real trading situations.

Other Notable Mentions

If you want to explore further or are looking for additional reading materials, here are a couple of other books that are also highly recommended for beginners:

1. "Forex Trading: The Basics Explained in Simple Terms" by Jim Brown: This book is another excellent choice for beginners. It breaks down complex concepts into simple, easy-to-understand language and provides a solid foundation in forex trading.

2. "A Beginner's Guide to Forex Trading" by Matthew Driver: This book is designed to help new traders understand the basics of forex trading, develop their own trading strategies, and start trading with confidence.

Starting with "Currency Trading for Dummies" will give you a strong foundation and prepare you to delve deeper into the world of forex trading with more advanced materials and strategies. Happy reading and happy trading!