With over 1,000 results on amazon for ‘learn to trade’ books, how do you know which are the best books to learn to trade?!
Where to get started in books to learn trading?
Tell me to stop if I get too personal…
You wake up in the morning and the first thing you do is to look for a business newspaper to check the market.
The next thing is to spend hours watching TV and charts trying to find the next plausible jump in the market. And if you do, you can’t rest from constantly worrying about the money you’ve invested on the market.
Ladies… we can’t afford all that. We have too much to worry about to keep our hearts in our mouth.
We need intelligent investing that can give us a good night sleep while making some profit. So, we need to model the processes used by successful traders.
And what’s better than to learn directly from them?
Luckily, a number of experts have made every aspect of trading easily accessible through their books.
You can easily enhance your wisdom and knowledge about investing by reading the following books:
- Books on Technical Analysis & Charting
- Books on Trading Strategy
- Books on Trading Psychology
- Books on Trading Experience
Books on Technical Analysis & Charting
How to Make Money in Stocks: A Winning System in Good Times and Bad – William J. O’Neil
|Review the charts in the first 150 pages of this book and you will be good to go.
These charts, along with O’Neil’s annotations, give you a great foundation to understand the patterns stocks form before they go on massive runs.
It’s simplified in layman terms so you can easily understand without much of analytical background.
Technical Analysis Using Multiple Timeframes – Brian Shannon
|If you are a technical trader, this book will bring a wide appeal to you. It highlights the value of applying technical analysis on multiple time frames while you identify the ones with the highest probability of success.
You’ll also get the opportunity to learn about short selling, stop loss, price target identification, order placement, and other topics.
Trading Options: Using Technical Analysis to Design Winning Trades – Greg Harmon
|Even though technical analysis is not common in option trading, you can make a fortune from it.
This book gives you tips and tricks of using technical analysis while trading options. It’s short, concise and gives you guidance on how you can determine entry and exit signals on option markets.
If you are looking for a different way to look to the option market, this bad boy is the way to go!
Japanese Candlestick Charting Techniques – Steve Nison
|Get everything you need to know about candlestick plotting and analysis.
From the book, you will learn from Nison’s years of practical experience in candlestick chart market analysis along with hundreds of examples that show how you can use candlestick chart techniques to make a profit.
Books on Trading Strategy
Stan Weinstein’s Secrets for Profiting in Bull and Bear Markets
|This book was the first to quantify one of the most important concepts in trading; the four stages in which stocks move, which are the basing, advancing, topping, and declining stages.
Despite the fact that the cover of this book has not been updated since it was published in 1988, stage analysis is still relevant today.
Day Trading and Swing Trading The Currency Market – Kathy Lien
|Kathy is a currency trader and possesses a very high level of experience. Kathy seems to spend more time on books than in the markets given the number of her published bestsellers. The name of the book is “Day Trading and Swing Trading: Basics Strategies and Techniques To Have a Profit From Market Move“.
This book is “a must” for all those who want to learn how to improve their profits in the largest market in the world.
The StockTwits Edge: 40 Actionable Trade Set-Ups from Real Market Pros
|Okay, before you accuse me of trying to kiss the ass of the folks at StockTwits, let me just tell you that I’ve been recommending this book publicly forever.
This is the book I wish existed when I started trading 30 years ago.
It is the “Market Wizards” for the retail trader, and more importantly, each chapter is written by someone who currently has an active presence on social media.
How to Day Trade for a Living – Andrew Aziz
|In this book, Andrew Aziz outlines all the basics about day trading in any type of market. The book explains the most important trading strategies and the techniques which anyone should know in depth.
As a matter of fact, one of the most important aspects of this book is the section about the strategic guides (obviously). You’ll find this section in the middle of the book onwards.
We are sure that, if you can manage to use the notions and suggestions offered by Andrew Aziz, you’ll have a good chance of making as few mistakes as possible in your future trades.
Trade Your Way to Financial Freedom – Van Tharp
|Yes the title is cheesy and sounds like something from a late-night infomercial. Yet, this book has one of the best overviews of the different types of methodologies you can. All with the aim to make money in the markets.|
Books on Trading Psychology
The Trading Book: A Complete Solution to Mastering Technical Analysis and Trading Psychology – Anne-Marie Baiynd
|Want to trade big?
Anne Marie, former neuroscience researcher teaches you her combination of analytic and psychology approach to mastering the market.The book is full of insightful interviews, exercises, guidelines and case studies which will help you achieve your long-term financial goals. It gives you a perspective that many trading books are lacking.When you read this book to the last page and understand you are guaranteed to feel and trade like a pro!Buy on Amazon.co.uk | Buy on Amazon.com
Trading In the Zone – Master the Market with Confidence, Discipline, and a Winning – Mark Douglas
|Looking for an insightful and engaging book to read? Go for this one!
The psychological and emotional principles that you’ll learn from it are absolutely reflective!
From the first chapter, you will easily relate since it describes most of the common shortcomings of traders.
If you are one of those traders ran by fear and anxiety while trading or even too scared even to place a trade, this is a must read!
The Disciplined Trader: Developing Winning Attitudes – Mark Douglas
|See how you can transition from making a bad trading decision to being one of the successful traders in the market!
Mark Douglas shares his personal experience of trading decisions that made him lose almost everything. This experience made him to self-examine and discovered the emotions and fear behind it all.
In the book, he is practical and thorough in the analysis and advice and by following them you’ll develop the correct mental framework to trade through probabilistic thinking.
Books on Trading Experience
How I Made $2,000,000 in the Stock Market – Nicolas Darvas
|This book should really be called, “How I Made $18,000,000 (adjusted for inflation) in the stock market,” because that is how much it would be in today’s dollars.
That would be phenomenal for anybody, but for someone who did it while traveling the globe, in a pre-internet, computer, iPad, smartphone world……while working as a professional dancer? Well, that is just epic.
Market Wizards – Jack Schwager
|How better can you learn about traders’ mindset and behaviours than to learn directly from them?
The Market Wizard will give you the opportunity to directly learn from some of the top traders. It composes of interviews from the successful traders which provides you with insight on how to trade the market. Plus, with the trial and tabulation they have overcome in their own trading journey.
This book is informative and engaging with something for everyone. Also available on Audible and audio CD.
Reminiscences of a Stock Operator – Edwin Lefevre
|The language is dated and colloquial, which though strange, is actually part of its charm. There are definitely some foundational lessons for trading in this book, but you as the reader have to do the historical conversion in your head. This means from venues like “bucket shops” to today’s market.|
One Good Trade: Inside the Highly Competitive World of Proprietary Trading – Mike Bellafiore
|If you want to know what it’s like trading in the real world of a prop firm, this is the book. Even more, the book shows you how to focus on the process instead of profits to become a successful trader.
The writing style is very entertaining and no matter how many times you read, it never gets boring!
The 50 Best (and Worst) Business Deals of All Time – Michael Craig
|This book is like eating a piece of candy – you will enjoy it so much and will be sad when done. The book breaks down 10 rules that you should follow and uses 5 prominent business deals to illustrate each rule. This means it isn’t exclusively trading related, but gives you great insight into what drives success and failure of companies you may be looking to trade or invest in.
The rules are well written and as you read each deal, you get a better understanding of how to make a better deal or better trade in this case.
Best books to learn to trade
What other books did you use to learn to trade? Any other recommendations?