Download the Best eBooks for Learning Price Action Trading (Free) 2025

If you're diving into trading and trying to understand what the markets are really telling you, then learning price action is a must. It's not about guessing or relying on flashy indicators. It’s about reading the market like a book—bar by bar, candle by candle. And the good news? You don’t need to spend hundreds of dollars to get started.

In fact, there are several powerful, completely free eBooks out there that can teach you the foundations of price action trading. You just have to know where to find them. So, I’ve put together a handpicked list of the best free eBooks available right now, along with tips on how to actually get the most out of them.

Let’s jump in.

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Why Learn Price Action in the First Place?

Before we get to the downloads, let’s take a quick step back. Why is price action even worth learning?

Because it strips trading down to its core. No indicators. No gimmicks. Just raw price movement and the story it tells.

When you understand price action, you're not just reacting—you’re anticipating. You begin to recognize patterns forming before they fully take shape. You’re no longer guessing. You’re reading the market the way professional traders do.

Price action is about context. Where are buyers stepping in? Where are sellers getting aggressive? Who’s in control—and where might that shift?

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Top Free eBooks for Learning Price Action Trading

Here are some of the best free resources available today. No fluff, no filler—just solid, practical education.

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1. “The Ultimate Guide to Price Action Trading” by Rayner Teo

Rayner is one of the most respected voices in the trading community, especially for beginners. His guide is clean, clear, and incredibly practical.

What’s inside:

• Real chart examples (not just theory)
• Common patterns like pin bars and inside bars
• Step-by-step strategies you can test on your own charts
• Simple explanations of support, resistance, and trend structure

You can download this free PDF directly from his site after signing up for his newsletter. And honestly, it’s one of the most beginner-friendly price action guides out there.

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2. “Naked Forex” (Sample Chapters) by Alex Nekritin & Walter Peters

This book is a classic. While the full version is paid, some platforms and forums legally share sample chapters that are absolutely worth your time.

Why it’s worth reading:

• Focuses entirely on trading without indicators
• Teaches how to read price movement through psychology
• Introduces setups based on market context, not random signals

If you’re someone who wants to move away from indicators but still feel a bit unsure about “reading the market,” this is a fantastic stepping stone.

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3. “Day Trading Price Action” by Luke Ponsford

Luke’s guide was written with everyday traders in mind. It doesn’t assume you know everything, and it doesn’t talk down to you either.

What makes it stand out:

• Focuses on intraday trades, not long-term swings
• Includes tips on timing entries and exits using candle formations
• Discusses discipline, psychology, and why most traders fail

You can grab this guide through his website or trading groups. It’s short, sharp, and highly useful if you’re day trading forex, crypto, or even futures.

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4. “Price Action Trading Guide” by OilFX

This one may fly under the radar, but it’s packed with value. OilFX is known in certain trading circles for its practical, no-nonsense approach.

Why traders like it:

• Teaches supply and demand zones, not just support and resistance lines
• Explains how to spot “trap” setups and avoid false breakouts
• Focuses on the psychology behind price movement

Perfect if you want to start marking your charts like a pro and thinking in terms of liquidity, not just shapes.

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5. “Forex Price Action Scalping” (Excerpts) by Bob Volman

This is another paid book that has free samples floating around legitimately. Even just the free chapters offer deep insights.

What you’ll get:

• How to scalp on low timeframes using only price action
• Clean chart examples with detailed trade breakdowns
• A look into the mindset of a disciplined, professional trader

Scalpers especially will appreciate Volman’s precision and attention to detail.

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How to Get These eBooks (Safely & Legally)

Don’t just Google “PDF download” and hope for the best. Here’s how to get these books safely:

• Official websites: Authors like Rayner Teo and Luke Ponsford offer downloads directly after email sign-up.
• Author newsletters: Many traders give away eBooks to new subscribers as a welcome gift.
• Forums (with caution): Forex Factory, Reddit’s r/Forex, or TradingView communities occasionally link to sample chapters—with author permission.

Always avoid shady file-sharing sites. It’s not worth the risk, and authors deserve credit for their work.

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How to Actually Learn From These eBooks

Reading is great. But reading alone won’t make you a trader. Here's how to turn those pages into progress:

1. Start With a Clean Chart

Remove all indicators. Just open your charting platform and view pure price action—candles, bars, or lines. Keep it simple.

2. Use the Replay Tool

If your platform (like TradingView) has a bar replay feature, use it. Scroll back and walk forward candle-by-candle while practicing setups from the book.

3. Build a Screenshot Library

Whenever you see a good example of a setup (inside bar, pin bar, breakout fakeout), take a screenshot. Save it in folders by setup type. This becomes your personal trading “dictionary.”

4. Journal Everything

Log your trades. Note what setup you took, what you saw, how you felt, and how the trade went. Over time, patterns will emerge—not just on charts, but in your behavior too.

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What to Look for in Price Action Setups

Each book you read will mention slightly different things, but most solid price action setups share these core elements:

• Context: Where is price in the bigger picture? Near a key level or just chopping around?
• Structure: Is price making higher highs and lows (bullish)? Or lower lows and lower highs (bearish)?
• Confirmation: A candle pattern alone isn’t enough—what’s the story behind it? Was there rejection? Was there volume?

When you blend these ideas together, you move beyond memorizing patterns. You begin understanding why they form and when they work best.

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Final Thoughts: Free Doesn’t Mean Low Quality

There’s a common misconception that free content is low value. Not true.

In fact, some of the best insights I’ve learned came from free eBooks and community-shared resources—not from expensive, overhyped trading courses.

You don’t need fancy tools or complicated strategies. You need chart time, good material, and the discipline to practice.

So download these books. Study them. Print a few pages if you need to. Get your hands on the charts and start learning the language of price.

The market is always teaching. These free eBooks are your invitation to start listening.