If you are starting out in forex trading, you will definitely need a forex guide. The currency trading world can be bewildering and you need at least one good book, ebook or course that you can rely on to help you fight your way through the undergrowth and emerge as a profitable trader.

So what are the essentials that you should look for in your forex guide? First, it should cover the basics. Even if you know most of the language, you will probably learn something new from this section. It should explain the terminology of the forex market, such as pips and spread.

Then it should cover technical analysis, that is, the analysis of the market using charts and indicators. It should explain how to read a candlestick chart and cover the most useful of the technical indicators including those based on moving averages. It should explain support and resistance, and how to identify a trend.

Beyond that, a forex guide will normally cover at least one forex system. In many cases a forex ebook or training course will focus on teaching you one particular system that the author has used successfully. This is often much more useful than a book that covers a lot of different systems in a sketchy way. Following one system step by step is probably the best route if you want to begin trading successfully as soon as possible, which most traders do! Nobody ever sets out intending to be one of the losers!

So it is very important to have clear instructions for the central system that is being taught. If it is an ebook, expect some screenshots so that you can see examples. You may be lucky and have something that includes video training. This is probably the best way to learn, assuming you are able to follow the narrative. People who have English as a second language may find a written book easier to understand. You can actually pause the video while you go copy the step exactly, then click on play when you are ready to continue.

A good currency trading guide will not ignore the vital subject of psychology. A trader's mindset is just as important as his or her system. This is one of the things that beginners find hard to understand. Everybody wants the perfect money making system, but they do not want to learn about things like stress reduction and developing patience. Most traders have to hear over and over how important this is, before they stop and take notice. Learn all you can about psychology from your forex guide, because it can turn a losing trader into a profitable trader, and vice versa. 

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