Reddit reviews My Little Pony: Friends Forever Volume 1 (MLP Friends Forever)

There are three MLP comic series, and there are indeed trade paperbacks, though obviously not all the issues of ongoing series have been collected yet. It's a good idea to read the main series in order, but doesn't really matter for the others.

The main series, simply titled "My Little Pony: Friendship is Magic" has story arcs of either 2 or 4 issues. With a few exceptions, they are mostly very high quality (Katie Cook and Andy Price are very good at their jobs).

The "micro series" (collected under the title "Pony Tales") featured one-shot issues focusing on individual characters. Quality-wise, they tended to be a bit hit-or-miss. It is now completed.

After the micro series finished, a new side series called "Friends Forever" started, focusing on the relationship between a pair of characters. The first issue wasn't great, but I've liked all the others so far.

Well, not all at once, but there are paperbacks collecting the individual comics:

• The ongoing main series.
  
• Finished Micro-Series spin-off Volume 1 and Volume 2
  
• The ongoing Friends Forever spin-off.
  
  For the sake of completeness, there's also an omnibus, which also collects the main series, but is the equivalent of 3(?) of the regular paperbacks I mentioned above.
  
  Finally, if you don't want/need physical books, they're also available on the Comixology app, I believe.
  
  I hope that helps!