Top 15 Best Trading Books Every Investor Must Have
Top 15 Best Trading Books Every Investor Must Have: There are many stock trading books out there that can help new investors expand their market education. Even the experienced and the professional traders never stop reading trading books. When you decide to take the plunge into trading, you swiftly realise how complex strategies, charts, patterns, platforms, and fees can get. This is all the more reason to utilise the resources around you to hit the ground running. This list of Top 15 Best Trading Books Every Investor Must Have is a simple one and offer step by step guides on how to choose stock, implement strategy and manage your capital and risk. These books can teach you about strategy, risk management, psychology, and a great deal about technical analysis.
Trading can help you achieve freedom and live life on your terms but trading isn’t as easy as some people on the internet want you to believe. You must have a thorough knowledge and skills to achieve your target in the market. In the era of Internet, trading is made much easier and accessible than ever. Hence, more and more people are taking trading as an additional method of income. As a result the market is now ever more competitive and challenging. Sadly, this leads many to quickly lose their money and their interests. This list of ‘Top 15 Best Trading Books Every Investor Must Have’ has all the books you need to kick start in the market. However, this is not an absolute list. You are always recommended to read more books on the subject and acquire more skills to be successful. But this is a good list for beginner and intermediate traders to go through.
This list is created based on numerous sources, publishers, journals, other blogs, etc. We have researched each books customer’s review, selling records, recommendations by professionals, availability, etc. We hope this list will help you acquiring the right skills to achieve your goals.
Table Of Contents
- HOW I MADE $2,000,000 IN THE STOCK MARKET
- THE INTELLIGENT INVESTOR
- CONTROLLED TRADING: 10 LAWS TO CONTROL THE MARKET
- READING PRICE CHARTS BAR BY BAR
- HOW TO SWING TRADE
- TECHNICAL ANALYSIS FOR BEGINNERS
- ALGORITHMIC TRADING WITH PYTHON
- THE NAKED TRADER’S GUIDE TO SPREAD BETTING
- THE FINANCIAL SPREAD BETTING HANDBOOK
- A TRADER’S FIRST BOOK ON COMMODITIES
- MONSTER STOCKS: HOW THEY SET UP, RUN UP, TOP AND MAKE YOU MONEY
- THE DISCIPLINED TRADER
- MARKET WIZARDS
- REMINISCENCES OF A STOCK OPERATOR AND THE INVESTMENT STRATEGIES OF JESSE LIVERMORE
- ENCYCLOPEDIA OF CHART PATTERNS
- THE FRONT OFFICE: A HEDGE FUND GUIDE FOR RETAIL, DAY TRADERS, AND ASPIRING QUANTS
- TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS
- THE LOGICAL TRADER
-List is not ranked and created on 15/Nov/2020
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Check Out This Step-By-Step List of Top 15 Best Trading Books Every Investor Must Have
01. How I Made $2,000,000 in the Stock Market
– Nicolas Darvas
2011 reprint of 1960 edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off-hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying. Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron’s Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique “Box System”, which he used to buy and sell stocks. Darvas’s book remains a classic stock market text to this day.
02. The Intelligent Investor
– Benjamin Graham
This classic text is annotated to update Benjamin Graham’s timeless wisdom for today’s market conditions…
The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Benjamin Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.
Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
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.
18. The Logical Trader
An in-depth look at the trading system that anyone can use The Logical Trader presents a highly effective, yet simple trading methodology that any trader anywhere can use to trade almost anything. The “ACD Method” developed and refined by Mark Fisher after many years of successful trading, provides price points at which to buy and sell as determined by the opening range of virtually any stock or commodity. This comprehensive guide details a widely used system that is profitably implemented by many computer and floor traders at major New York exchanges. The author’s highly accessible teaching style provides readers of The Logical Trader with a full examination of the theory behind the ACD Method and the examples and real-world trading stories involving it.
Mark B. Fisher (New York, NY), an independent trader, is founder of MBF Clearing Corp., the largest clearing firm on the NYMEX. Founded in 1988, MBF Clearing has grown from handling under one percent of the volume on the NYMEX to nearly twenty percent of the trades today. A 1982 summa cum laude graduate from the Wharton School of Business, University of Pennsylvania, Fisher also received his master’s degree in finance and accounting from Wharton.
New technology and the advent of around the clock trading have opened the floodgates to both foreign and domestic markets. Traders need the wisdom of industry veterans and the vision of innovators in today’s volatile financial marketplace. The Wiley Trading series features books by traders who have survived the market’s ever changing temperament and have prospered-some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.
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.