What books to read if you wish to master the art of trading? To answer this question, we have compiled a list of the best trading books for you to check out.
This is a candlestick analysis Bible. And rightfully so. The author provides a detailed description of more than 50 candlestick patterns which have been used by traders for decades.
Steve Nison wrote this book only after getting to the very essence of the candlestick analysis. Thanks to him, you can now do that too. The book contains a ton of illustrations that make it a perfect textbook for both newbies and those who wish to improve their knowledge of chart analysis.
«In the first part of the book, you learn how to draw and interpret over 50 candlestick lines and formations. This will slowly and clearly lay a solid foundation for the second part where you will learn to use candlesticks in combination with Western technical techniques. This book will not give you market omniscience. It will, however, open new avenues of analysis and will show how Japanese candlesticks can "enlighten" your trading».
This book covers graphical patterns and basics of the fundamental analysis, providing formulas for a calculation of the expected value, as well as an overview of the solutions that help traders make money and preserve their capital.
This is a go-to guide for anyone who wishes to trade forex and snatch solid profits. Charts, analysis of the market situations, and detailed review of psychological traps provide all of the necessary information for beginners.
It is totally possible to download free forex books online, and 50 Shades of Forex is perfect evidence of that.
«This is a true ABC book of the foreign exchange market. It will help you learn how to read charts, track down price movement, and understand what pushes it. You will find out what time frames, orders, patterns, fundamental and technical analysis are all about.
After reading this book, you will be able to analyze charts, pick entry points, predict price movement direction, and open profitable trades and therefore make money. After all, isn’t it what brought you to financial markets in the first place?»
This excellently written book tells the success story of a famous trader. It has long been a source of quotes and references. You will absolutely relish the unfiltered stock humor, and analysis of the situations the author found himself in. But most importantly, it’s the knowledge you will acquire after turning the last page.
«There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time».
«The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past».
Do you wish to make money in financial markets? If the answer is “Yes”, the technical analysis is something you won’t get by without. But you are in luck since this forex book is one of the best guides in this field. Even if you are still fairly new to the financial market, the complex topics explained in layman’s terms will help you to understand the subtleties of the chart analysis, price behavior, and trend moves.
«I’ll never stop getting amused when newbie technical analysts tell me that they have mastered the basics after 6 months or a year of trading and wish to move to something ‘more complex’. Perhaps, I’m just envious when it comes to people like that. Despite having over fifteen years of experience under my belt, I’m still trying to master all these basics».
In essence, success is 80% psychology and 20% trading skills. But how do you combine the two? How to prevent psychology from killing your profits? This is what this book is going to reveal. In addition, you will find practical tips for choosing the right trading techniques. And most importantly, you will be able to “diagnose” your mindset and get rid of the unnecessary fears.
You will be able to learn how to control what you do and make seamless, well-targeted trades, which, in turn, is going to put you in the driver's seat.
«Your primary goal has to be to learn how to think like a consistently successful trader. Remember, the best traders think in a number of unique ways. They have acquired a mental structure that allows them to trade without fear. And, at the same time, keeps them from becoming reckless and committing fear-based errors».
This book is for those who are fed up with mediocre profits. Alexander Elder’s book will help increase your chances of striking it big by sell shorting like a pro. It contains handy trading strategies, stop-loss placement techniques, as well as other trading tips and tricks. Make sure to give it a read if you wish to step up your trading game.
«Any beginner in the stock market knows how to buy. Knowing when to sell will set you above the crowd. This book will teach you when to sell and how to sell short. Stocks go down much faster than they rise and knowing how to short doubles your opportunities. Amateurs don't know how to short and are afraid of it, but professionals love to profit from declines».
The list of trading books goes on and every trader has his or her own top authors. But one thing is for sure, the book is an excellent source of knowledge. Especially when it is shared by experienced traders like those included in our list. And last but not least, you can download these books for free.