FAQ Which Books should a Beginner Read?

[powerhql]

Non-technical book, Confessions of a Street Addict by Jim Crammer. His autobiography as a trader in his hedge fund.

 

[BSD]

Amazon.com: Pit Bull: Lessons from Wall Street's Champion Day Trader: Books: Martin Schwartz,
Amazon.com: The Logical Trader: Books: Mark B. Fisher,
Amazon.com: Trader Vic--Methods of a Wall Street Master: Books: Victor Sperandeo,T. Sullivan Brown
Amazon.com: Trading Risk: Enhanced Profitability through Risk Control: Books: Kenneth L. Grant
Amazon.com: Schwager on Futures: Technical Analysis: Jack D. Schwager: Books

 

[doan]

My favorites:
1. Trading Chaos by Bill Williams. This book tells me how to think of the market.
2. High Probability Trading by Marcel Link. This book tells me how to act in the market.

Evey time I read them, I profit from them.

 

[new_trader]

"New conditions will arise. A new trading public will be born. However, the old cycle of rallies and reactions will roll on."

I wouldn't read anything about trading unless it was originally published before 1940.

I'd also recommend watching :

The Crash of 1929

and

Open Outcry

 

[Aspire]

Day Trader's Bible by Richard Wyckoff - .... it's an oldie but a fantastic book
and best of all can be downloaded for free here among other places

Introduction - Traders Laboratory

 

[Zig Zag]

The New Market Wizards by Jack D. Schwager.

Read the Chapter on Monroe Trout.

In part, trading is about discovering and exploiting edges and Monroe Trout explains this well.

Zig.

 

[yacarob1]

Most aspiring traders would do well to read The Bible and seek guidance through prayer.

NB. Koran for Muslims, and so on and so on........

 

[barrychucks]

i know its not books, but ive been reading Technical Analysis of STOCKS & COMMODITIES magazine which have some really good articles i thought about technical analysis.

 

[courageoussoul]

"Your Blueprint for Making Money on Today's Stock Market". It's an eBook.

There's a free download of the first chapter

http://www.diligenttrader.com/ebooksample.pdf

 

[cogitoergosum]

Elliott Wave Principle by Robert Prechter and Alfred J. Frost. Any other books on Elliott.

 

[courageoussoul]

Check these ebooks, they are free:
Diligent Trader - Free Stock Market eBooks

Or get a copy of A Beginner's Guide to Day Trading Online by Toni Turner. Very interactive book.

 

[demeanor]

Day Trade Online: Start Trading for a Living Today by Christopher A. Farrell

 

[roman123]

Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders by Oliver Velez and Greg Capra

 

[Charlton]

Loved the second and third from yout list. I own the first book you mentioned, but have not read it yet.

Also, I heard good things about"Rocket science for traders" from Ehler.

Do you know it?

Fabrizzio

There is a more recent update to the Ehler book which is "Cybernetic analysis for stocks and futures".

Amazon.com: Cybernetic Analysis for Stocks and Futures: Cutting-Edge DSP Technology to Improve Your Trading (Wiley Trading) (9780471463078): John F. Ehlers: Books

You can find out more on his MESA site

Home

Charlton

 

[meanreversion]

I recommend Winning spread betting strategies: How to make money in the medium term in up, down and sideways markets: Trading Techniques for Active Investors by Malcolm Pryor, a total no-nonsense logical set of strategies for various types of market. It is presented in an almost clinical fashion, which is how trading should be approached. If you like adrenaline rushes, don't attempt trading as a career....

 

[FXfreddie]

"If try before you buy" is your style, then there are some ways of checking out some of the content in trading books on the web for free. These include:
1. google books (limited previews available on some books)
2. Scribd Scribd sometimes includes free e-books.

For Chart Pattern discussions, there are books by Thomas Bulkowski that attempt to provide readers with lots of backtesting on patterns. He also operates a free research web site http://thepatternsite.com/

 

[Bint_Crusher]

Re: Which books should a beginner read?

Wealth of Nations A Selected Edition (Oxford World's Classics) by Adam Smith and Kathryn Sutherland

The herd reads trading books, this one focusses on the transfer of funds from one place to another.

 

[wmueller]

Re: Which books should a beginner read?

I am still a beginner and I have found these books most helpful:
Technical Analysis: The Complete Resource for Financial Market Technicians by Charles D. Kirkpatrick II CMT and Julie R. Dahlquist
The Three Skills of Top Trading: Behavioral Systems Building, Pattern Recognition, and Mental State Management by Hank Pruden

Best of luck.

 

[chesterlady]

Re: Which books should a beginner read?

I would recommend Trading for Wealth by W. Robinson

 

[kaciara]

Re: Which books should a beginner read?

books page on www.tradingline.co.uk