03. Controlled Trading: 10 laws to control the market
04. Reading Price Charts Bar by Bar
– Al Brooks
While complex strategies and systems may work for some traders, understanding price action is all you really need to succeed in this arena. A price action analysis is an effective approach to trading today’s markets―whether you’re involved in stocks, futures, or options. It allows you to focus on the process of trading without being overwhelmed by a complicated collection of trading techniques. And while this method may appear elementary, it can significantly enhance returns as well as minimize downside risk.
One way to apply price action analysis to your trading endeavors is with chart patterns. Nobody understands this better than author Al Brooks, a technical analyst for Futures magazine and an independent trader for more than twenty years. Brooks discovered ten years ago that reading price charts without indicators proved to be the most simple, reliable, and profitable way for him to trade. Mastering that discipline is what made him consistently successful in trading. Now, with Reading Price Charts Bar by Bar, Brooks shares his extensive experience on how to read price action.
At the end of the day, anyone can look at a chart, whether it is a candle chart for E-mini S&P 500 futures trading or a bar chart for stock trading, and see very clear entry and exit points. But doing this in real-time is much more difficult. Reading Price Charts Bar by Bar will help you become proficient in the practice of reading price action―through the use of trendlines and trend channel lines, prior highs and lows, breakouts and failed breakouts, and other tools―and show you how this approach can improve the overall risk-reward ratio of your trades.
Written with the serious trader in mind, this reliable resource addresses the essential elements of this discipline, including the importance of understanding every bar on a price chart, why particular patterns are reliable setups for trades, and how to locate entry and exit points as markets are trading in real-time. Brooks focuses on five-minute candle charts to illustrate basic principles but discusses daily and weekly charts as well. Along the way, he also explores intraday swing trades on several stocks and details option purchases based on daily charts―revealing how using price action alone can be the basis for this type of trading.
There’s no easy way to trade, but if you learn to read price charts, find reliable patterns, and get a feel for the market and time frame that suits your situation, you can make money. While price action trading doesn’t require sophisticated software or an abundance of indicators, this straightforward approach can still put you in a better position to profit in almost any market. Reading Price Charts Bar by Bar will show you how.
05. How To Swing Trade
– Brian Pezim
06. Technical Analysis for Beginners
It’s strange to observe that in an age where information is so abundant and easy to access, a very small number of investors understand how to use stock charts. Many believe that the up-and-down level of a share is strongly connected to a company’s profitability. Either because of doubt or a lack of understanding, most traders and investors trust their friends, colleagues, or pseudo-specialist gurus to help them make good trading and investment choices.
This book has been written to help the new traders who trust blindly in those close to them, their colleagues or financial gurus, and want to understand chart patterns before investing in stocks.
Stock Market Investing for Beginners
Learning How to Be an Intelligent Investor
Know-How to Spot the Market’s Trend
Identify the Breakout and Breakdown of the Financial Markets
Identify Bullish and Bearish Patterns
Know-How to Use the Different Types of Indicators
Trading in the Zone and Avoid Traps
07. Algorithmic Trading with Python
08. The Naked Trader’s Guide to Spread Betting
09. The Financial Spread Betting Handbook
– Malcolm Pryor
10. A TRADER’S FIRST BOOK ON COMMODITIES
In their quest for trading commodities profitably, beginning traders spend a substantial amount of time studying market theory, various types of market analysis, and paper-trading in the futures and options markets. Yet, almost all of them fail to take the necessary steps to ensure their trading environment is conducive for the profits they seek. A Trader’s First Book on Commodities aims to fill the void in trading literature that overlooks the importance in making the right decisions before ever placing a commodity trade such as fully understanding market mechanics and logistics, choosing a proper trading platform, understanding order types, being aware of market data fees and policies, how to quote and calculate profit or loss in each of the commodity markets, preparing for margin calls, and the only magic in trading–humility.
A Trader’s First Book on Commodities is guaranteed to shorten the learning curve for beginning traders while offering seasoned traders a new perspective on familiar topics. There is more to trading than computer-generated oscillators and trendlines; choosing the wrong trading platform, brokerage, or order type can do more harm to a trading account than choosing the wrong technical indicator.
11. Monster Stocks: How They Set Up, Run Up, Top and Make You Money
– John Boik
Everything you need to know to get in on the ground floor of the next Google!
Monster Stocks gives you the expert guidance you need to add the explosive power of breakout stocks to your portfolio. You’ll find everything you need to consistently spot stocks that have the potential to at the very least, double in value in a year or less – and change your life forever!
Delivered in clear, concise language by market researcher John Boik, Monster Stocks gives you the tools you need to land super-performing stocks and handle them for maximum profit, market cycle aftermarket cycle. Boik mines the history of the market to uncover the common conditions that must be in place for monster stocks to materialize. You’ll learn how to easily identify these trends with the help of real-world monster stock case studies, from Yahoo! and Schwab to Apple, Broadcom, and many more.
Make your fortune with Monster Stocks!
- Know when to buy and when to sell for tremendous profit
- Understand how the pros identify and handle market leaders
- Learn from the great super-stocks of the past
- Break your bad stock investing habits for good!
- Gain valuable insight into selecting future monster stocks
12. The Disciplined Trader
– Mark Douglas
One of the first books to address the psychological nature of how successful traders think ~ The Disciplined Trader™is now an industry classic. In this ground-breaking work published in 1990 ~ Douglas examines the causes as to why most traders cannot raise and keep their equity on a consistent basis ~ and brings the reader to practical and unique conclusions as to how to go about changing any limiting mindset. The trader is taken through a step-by-step process to breakthrough those queries ~ and begin to understand that their very thoughts may be limiting their ability to accumulate and succeed at trading.
13. Market Wizards
– Jack D. Schwager
The world’s top trader’s reveal the secrets of their phenomenal success!
How do the world’s most successful traders amass tens, hundreds of millions of dollars a year? Are they masters of occult knowledge, lucky winners in a random market lottery, natural-born virtuosi―Mozarts of the markets? In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets. While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success. In Market Wizards Schwager lets you hear, in their own words, what those super traders had to say about their unprecedented successes, and he distills their responses down into a set of guiding principles you can use to become a trading star in your own right.
- Features interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more
- Tells the true stories behind sensational trading coups, including the one about the trader who turned $30,000 into $80 million, the hedge fund manager who’s averaged 30 percent returns every year for the past twenty-one years, and the T bond futures trader who parlayed $25,000 into $2 billion in a single day!
“Market Wizards is one of the most fascinating books ever written about Wall Street. A few of the ‘Wizards’ are my friends―and Jack Schwager has nailed their modus operandi on the head.”
Martin W. Zweig, Ph.D., Editor, The Zweig Forecast
14.Reminiscences of a Stock Operator
and The Investment Strategies of Jesse Livermore
This investment classic now includes bonus chapters where Jesse Livermore reveals his investment strategies and market insights.
Reminiscences of a Stock Operator is a fictionalized story based on the trading career of Jesse Livermore. It follows his journey from the age of 15 when he made his first $1,000 to become a Wall Street legend. See how he learned the ins and outs of trading the hard way while losing his fortune and then making it all back. Decades after its original publication, readers are still getting tremendous value from Livermore’s experience.
This updated edition includes bonus chapters that reveal the exact methods that Jessie Livermore used to make millions in the stock market. These chapters were based on a series of interviews conducted by top financial writer Richard D. Wyckoff and include extensive quotes from Livermore. Some of the topics he discusses include: how to identify what kinds of stocks to buy and when, the psychology of trading and how to get into a winning mindset, building a solid investment strategy that doesn’t rely on trick or fads.
15. Encyclopedia of Chart Patterns
– Thomas N. Bulkowski
— Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading
16. The Front Office:
A Hedge Fund Guide for Retail, Day Traders, and Aspiring Quants
17. Technical Analysis of the Financial Markets:
A Comprehensive Guide to Trading Methods and Applications
John J. Murphy has updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today’s financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
In Conclusion, this list of ‘Top 15 Best Trading Books Every Investor Must Have’ contains some of the best books to read when you are thirsty for the knowledge and skills for trading. Different perspectives and different opinions from highly recommended authors, make these books a must read Trading books. Authors include professional traders, scholars and bestsellers. Tell us which ones you have read and how did you find it. What do you think about the list? If you have anything to add or remove, let us know. Please share, like and comment on the section below.