The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Wiley Trading) by Wayne McDonell
I read this book before discovering babypips and I'm glad I did. I'm now going through the school, and so much more of it makes sense the first time round. The book is deep enough to deserve another read (after I finish school of course). There are a few shameless plugs for his online private forum (which is something crazy like a couple hundred USD per month). Other than that though, it is doesn't waste much time with many analogies and jumps straight in to ultra-conservative trading methods.
I did a demo about a year ago and managed to wipe most of my fun money in a couple weeks. Now with a bit of reading/study I'm hitting about 75% positive on my trades