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

    1. HOW I MADE $2,000,000 IN THE STOCK MARKET
    2. THE INTELLIGENT INVESTOR
    3. CONTROLLED TRADING: 10 LAWS TO CONTROL THE MARKET
    4. READING PRICE CHARTS BAR BY BAR
    5. HOW TO SWING TRADE
    6. TECHNICAL ANALYSIS FOR BEGINNERS
    7. ALGORITHMIC TRADING WITH PYTHON
    8. THE NAKED TRADER’S GUIDE TO SPREAD BETTING
    9. THE FINANCIAL SPREAD BETTING HANDBOOK
    10. A TRADER’S FIRST BOOK ON COMMODITIES
    11. MONSTER STOCKS: HOW THEY SET UP, RUN UP, TOP AND MAKE YOU MONEY
    12. THE DISCIPLINED TRADER
    13. MARKET WIZARDS
    14. REMINISCENCES OF A STOCK OPERATOR AND THE INVESTMENT STRATEGIES OF JESSE LIVERMORE
    15. ENCYCLOPEDIA OF CHART PATTERNS
    Bonus

    -List is not ranked and created on 15/Nov/2020

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Top 15 Best Trading Books Every Investor Must Have

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

How I Made $2,000,000 in the Stock Market

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.

How I Made $2,000,000 in the Stock Market

02. The Intelligent Investor

 – Benjamin Graham

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.

The Intelligent Investor

03. Controlled Trading: 10 laws to control the market

–   Silvio Luppi

 Silvio Luppi

Controlled Trading- For those who, although studying and working hard, are unable to achieve the desired results with online trading.-Provides the basic skills needed to analyze the financial markets, also focusing on the psychological aspects.-It aims to lead the trader across the line that divides those who earn money from those who lose money within the financial markets.-It includes 10 rules that will allow the reader to always keep full control of their operations.-Written with basic language and several practical examples in order to make it easier for the reader to understand its contents.
If you are keen to make money, the market is not always the only option. You can also build your own startup company if you have an idea. The idea does not necessarily have to be big or unique.  Or, even if you have no idea but are eager to start a business, this list of best startup books will definitely help you.

Controlled Trading

04. Reading Price Charts Bar by Bar

– Al Brooks

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.

Reading Price Charts Bar by Bar

05. How To Swing Trade

– Brian Pezim

Brian Pezim

Swing trading is a type of trading in which you hold positions in stocks or other investments over a period of time that can range from one day to a few weeks or more. If you are a beginner trader, this book will equip you with an understanding of where to start, how to start, what to expect from swing trading, and how you can develop your own strategy based on your personal goals. If you are a trader with some existing experience, this book will give you some insights on the author’s approach to swing trading, rules that I follow, and some strategies that I have used over the years to make profitable trades. In this book, you will learn….➢What is swing trading and how does it differs from other trading strategies➢Why swing trading might be a better trading approach for you➢What tools you will need to swing trade as well as choosing a broker➢How to manage your money and the risks of trading➢How to perform some basic fundamental analysis on companies➢Charting basics followed by a presentation on some of the more popular technical analysis tools used to identify and make profitable trades➢Chart patterns that provide trading opportunities➢A number of swing trading strategies that can be used by both novices to more experienced traders➢Getting good entries and exits on trades to maximize gains➢How to run your trading activities like a business including some rules and routines to follow as a successful trader sincerely hope that you find value in the contents of this book and that it helps you toward achieving your goals and objectives in the trading world.

How To Swing Trade

06. Technical Analysis for Beginners

Charles G. Koonitz

Charles G. Koonitz

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

Trading Psychology

Technical Analysis for Beginners

07. Algorithmic Trading with Python

Chris Conlan

Chris Conlan

Algorithmic Trading with Python discusses modern quant trading methods in Python with a heavy focus on pandas, NumPy, and sci-kit-learn. After establishing an understanding of technical indicators and performance metrics, readers will walk through the process of developing a trading simulator, strategy optimizer, and financial machine learning pipeline. This book maintains a high standard of reproducibility. All code and data are self-contained in a GitHub repo. The data includes hyper-realistic simulated price data and alternative data based on real securities. Algorithmic Trading with Python (2020) is the spiritual successor to Automated Trading with R (2016). This book covers more content in less time than its predecessor due to advances in open-source technologies for quantitative analysis.

Algorithmic Trading with Python

08. The Naked Trader’s Guide to Spread Betting

– Robbie Burns

 Robbie Burns

REVISED AND UPDATED 2ND EDITION OF THE NO.1 BESTSELLER! Have you dabbled in shares or the stock market? And wondered what spread betting was all about and whether you should be doing it? Perhaps you thought it all looked a bit complex or was just for City boys? The no. 1 bestselling beginner’s guide that explains – in plain English – how to do it, and how to make money from it, is back and bigger and better than ever! Spread betting shares can be dangerous: most people lose – some even lose their shirts. But it’s not a world populated by pinstriped men waiting to rob you, steal your savings, and do nasty things to small kittens. You can win. (And you never have to pay a penny in tax!) This book shows you how. Robbie Burns, bestselling author of The Naked Trader and Trade Like a Shark, has been spread betting for years. He explains why it’s an indispensable tool to use alongside normal investing or trading. Especially as you can make money even if the market goes down. Robbie takes you through everything from how it works, to managing your risk, working out exposure, and how, often, doing nothing is the best move! He explains the ins and outs of successfully betting on shares in his trademark down-to-earth style, covering everything you need to know. From the simple stuff through to proven strategies, including those that can be used in different markets – it’s all here. There are also behind-the-scenes visits to two top spread betting firms. But it’s a big, bad old world out there, and there are a whole heap of mistakes you can make, an awful lot of money you can lose. Rounding up spine-chilling traders’ tales of spread bets gone wrong, and using all he has learned from making silly mistakes himself, Robbie also helps you learn what not to do. This is the ultimate guide to spread betting – how to do it, have fun, and hopefully make a few quid.

The Naked Trader's Guide to Spread Betting

09. The Financial Spread Betting Handbook

 – Malcolm Pryor

Malcolm Pryor

Financial spread betting is a huge industry. But who wins and who loses at this game? What do the winners do that differs from the losers? That is what this book is about. Malcolm Pryor uses the model of climbing a mountain to explain a disciplined, winning approach to spread betting. First, a base camp must be established. This includes getting set up with the right corporate data, charting and accounts software, deciding what to bet on and what your time frame should be, learning the nuances of operating an account, controlling risk, and learning from other people’s mistakes. Many spread bettors don’t even get this far. Next, we start climbing the mountain; this means having strategies that are right for us. The whole of this section is devoted to illustrating strategies that can be used for spread betting, for example, trend following, counter-trend strategies, and delta-neutral strategies such as pairs trading. Finally, we make our assault on the summit of the mountain. This is where the winners set themselves apart from the losers. Issues covered here include trade planning, record keeping, performance reviews, more on risk management, psychology, and continual development. In this enhanced second edition, you also benefit from: – Refreshed and improved trading and risk management techniques, incorporating four additional years of spread betting experience and changes in the markets. – Brand new advice on managing exposure. – Updated analysis of spread betting firms’ behavior, order types, and other practical issues. Spread betting is great fun; almost anyone can enjoy the odd bet now and again. But if you want to make money from spread betting then it must be taken seriously and a disciplined, tactical approach is required. This book is an essential guide to get to the top of the mountain.

The Financial Spread Betting Handbook

10. A TRADER’S FIRST BOOK ON COMMODITIES

–  Carley Garner

Carley Garner

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.

A TRADER'S FIRST BOOK ON COMMODITIES

11. Monster Stocks: How They Set Up, Run Up, Top and Make You Money

– John Boik

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

Monster Stocks

12. The Disciplined Trader

– Mark Douglas

Mark DouglasOne 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.The Disciplined Trader

13. Market Wizards

– Jack D. Schwager

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

Market Wizards

14.Reminiscences of a Stock Operator

and The Investment Strategies of Jesse Livermore

–  Edwin Lefèvre , Richard Wyckoff

 Edwin Lefèvre, Richard Wyckoff

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.

Reminiscences of a Stock Operator and The Investment Strategies of Jesse Livermore

15. Encyclopedia of Chart Patterns

– Thomas N. Bulkowski

Thomas N. Bulkowski

In this revised and an expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events — such as quarterly earnings announcements, retail sales, stock upgrades, and downgrades — that shape today’s trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you’re a technical investor or trader. Place your order today.”The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are. A must-read for anyone that’s ever looked at a chart and wondered what was happening.”
— Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading

Encyclopedia of Chart Patterns

16. The Front Office:

A Hedge Fund Guide for Retail, Day Traders, and Aspiring Quants

– Tom Costello

The Front Office

Getting into the Hedge Fund industry is hard, being successful in the hedge fund industry is even harder. But the most successful people in the hedge fund industry all have some ideas in common that often mean the difference between success and failure. The Front Office is a guide to those ideas. It’s a manual for learning how to think about markets in the way that’s most likely to lead to sustained success in the way that the top Institutions, Investment Banks and Hedge Funds do. Anyone can tell you how to register a corporation or how to connect to a lawyer or broker. This isn’t a book about those ‘back office’ issues. This is a book about the hardest part of running a hedge fund. The part that the vast majority of small hedge funds and trading system developers never learn on their own. The part that the accountants, settlement clerks, and back office staffers don’t ever see. It explains why some trading systems never reach profitability, why some can’t seem to stay profitable, and what to do about it if that happens to you. This isn’t a get rich quick book for your average investor. There are no easy answers in it. If you need someone to explain what a stock option is or what Beta means, you should look somewhere else. But if you think you’re ready to reach for the brass ring of a career in the institutional investing world, this is an excellent guide. This book explains what those people see when they look at the markets, and what nearly all of the other investors never do.

The Front Office

17. Technical Analysis of the Financial Markets:

A Comprehensive Guide to Trading Methods and Applications

– John J. Murphy

Technical Analysis of the Financial Markets

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.

Technical Analysis of the Financial Markets

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.

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