7 OF The Best Trading Books Ever Written
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I know everyone always says their book list is the best but truly this one is. The reason its so good is because I despise reading period. I have only read 10 books in my entire life and 7 were trading related the other 3 has something to do with carburetors and building doomsday shelters. The sheer fact that these books were able to keep my attention for longer than 20 minutes should be proof they are worth a read. Enjoy
Trading In The Zone By Mark Douglas
This is my favorite. So much so I read it 3 times! Thats a lot for me. Trading psychology has always been a big deal for me and it was something I struggled with early on.Trading In The Zone offers specific solutions to the “people factor” of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities, and adopt the specific beliefs necessary to developing a winner’s mindset. Along the way, they’ll gain keen insights into their own entrenched misconceptions about the market.
Reminiscences of a Stock Operator by Edwin Lefèvre
This is probably the most popular trading book ever written. The story of Jesse Livermore is a cult classic. First published in 1923, Reminiscences is a fictionalized account of the life of the securities trader Jesse Livermore. Despite the book’s age, it continues to offer insights into the art of trading and speculation. In Jack Schwagers Market Wizards, Reminiscences was quoted as a major source of stock trading learning material for experienced and new traders by many of the traders who Schwager interviewed.
Japanese Candlestick Charting Techniques by Steve Nison
In easy-to-understand language, this title delivers to the reader the author’s years of study, research and practical experience in this increasingly popular and dynamic approach to market analysis. The comprehensive coverage includes everything from the basics, with hundreds of examples showing how candlestick charting techniques can be used in almost any market.
The Art of Short Selling by Kathryn F. Staley
One of the best books on short selling. It takes a fundamental view of short selling and comprehensively covers the topic of short selling from valuation and forensic perspective. It details how fundamentals drive long term stock prices. Why stocks get overvalued and remain overvalued sometime for long periods. What kind of catalyst can signal good time to short. What to look for in fundamentals to uncover shorting opportunities.
Market Wizards: Interviews With Top Traders by Jack D. Schwager
The book contains four parts covering interviews with traders in a wide range of markets. The interviews contain a mixture of facts about the trading careers of the interviewees, their philosophy, and many trading anecdotes. After each of the interviews, Schwager summarises what he believes are the key things to be learned from that particular trader. The book also contains a fifth part on the psychology of trading and two appendices on program trading and basic options theory. If you want to get some insights, by way of verbatim interviews, into the thought processes and trading rules.
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John Murphy
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
Great At Any Age- Who Did What From Age 1 to 100- Hallmark
Okay this has nothing to do with trading and Im not sure you can call in a book as it is more of a :list” than anything, However, when we consider starting new endeavors phrases like ” I wish I was younger” or ” I wish I could go back” seem to creep up. This book truly shows its never too late to start living and doing what you want. There are some very nice stories of people who have cured viruses, ran marathons won the Nobel Peace Prize and summited Earths highest mountans all after the age of 85. It makes trading look not so hard.
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