The best books on trading
The phrase “The exchange is accessible to everyone” best characterizes the current state of affairs, because anyone can pick up a tablet or sit down at a computer monitor and start trading on the exchange.
However, beginners often confuse the accessibility of financial markets with making money on them, because simply opening transactions, buying currency or shares is not enough to earn money.
The problem is that many people don’t even think about the fact that a trader is not just a fancy word or definition, a trader is a profession that takes years to learn!
There are many ways to learn the profession of a trader today. These are video lessons, useful articles on websites, various web binars and even personal meetings with teachers who know how to trade on the stock exchange.
Moreover, in practice, there is no difference whether the training is paid or free, because everything will actually depend only on your ability to obtain knowledge and put it into practice.
Of course, this method of learning may already seem backward to many, but it is in books on trading that the experience of successful traders is conveyed, who experienced the complexity of trading on the stock exchange first-hand and were able to develop really working tools.
In this article you will get acquainted with the best of works, reading which can completely change your mind as a trader.
Top five best books on trading
1. Beyond Japanese candlesticks. Steve NeesonSurely, in the process of your training and getting to know the exchange, you noticed that all trading platforms are capable of presenting information in the form of three types of charts, namely candlestick, bar or line.
Download Beyond Japanese Candlesticks.
However, the candlestick chart deservedly remains the most popular type of chart, since it is highly informative.
Book Steve Neeson teaches all traders an understanding of price action, charting principles, and how regular candlesticks can tell you what is happening and has happened in the past on a chart, as well as what we can expect in the near future.
Similar information is provided in the form of patterns and candlestick figures. A special feature of this particular textbook is the author’s completely understandable and logical presentation of information regarding candlestick analysis.
Moreover, Nison himself is a pioneer in the field of candlestick price analysis.
2. Turtle traders. Michael Covel
Unfortunately, many beginners, when faced with the first real difficulties, begin to become disillusioned with the exchange and believe that only selected people who have specialized education can learn to trade on it.
But the reality is that everyone, regardless of experience, age and field of activity, can achieve real success! Don't believe me? Read the book "Turtle Traders".
In his work, Michael Covel tells a very funny story about how people who were far from the stock exchange were involved as an experiment and, after a simple training course, were able to bring Richard Denis more than 100 million dollars.
Moreover, the emphasis is placed not only on the success story itself, but also on practical aspects, as well as a strategy that is used to this day by thousands of traders around the world.
This textbook will be the best motivator for a trader starting his career.
3. How to play and win on the stock exchange. Alexander Elder
One of the most important factors for success, in any field of activity and in stock trading, is psychology.
Download How to play and win on the stock exchange.
Unfortunately, it is traders who experience enormous psychological stress, because if a person receives a reprimand from his superiors for a mistake in another area of activity, then in the market he has to pay from his own pocket.
In “How to Play and Win on the Stock Exchange,” Elder seriously touches on psychology, money management, and also devotes an entire chapter to what trading strategies, design principles, and basic principles of systemic trading should look like.
The most interesting thing is that all the information is presented in a very accessible style, which is why the book has been republished in many languages and does not lose its relevance even today.
4. Stock magicians. Jack Schwager
Financial markets are very multifaceted, and their participants are sometimes a variety of people, with completely opposite values, approaches to market analysis, and with different destinies.
Download Stock Wizards.
Some achieved everything on their own, while others worked hard and sweat to move up their career ladder. Jack Schwager clearly showed how different people who achieve success in financial markets can be.
“Stock Wizards” is a kind of collection of interviews with the most successful traders.
During the interview, they not only lift the curtain on their success stories, but also on the logic of decision-making and even strategy.
Here you will not find ready-made strategies, but you will be able to understand the principles that guided future millionaires.
After reading this book, you will be able to understand how truly great traders think and make decisions.
5. ABC of currency dealing. Suvorov V.G.
Suvorov’s book, in contrast to the above-mentioned must-read textbooks on trading, is distinguished by a dry layout of the material, where lyrics are completely absent, and the entire text is presented from a certain scientific point of view.
Download the ABC of currency dealing.
Dry facts and specifics are the main asset of this textbook. By reading, you will be able to become familiar with technical and fundamental analysis.
Learn many secrets shared by authors with extensive experience in stock trading.
Of course, the books presented are the best, but even they do not reflect the full versatility of analysis in financial markets.
Therefore, in the section of the book about Forex - http://time-forex.com/knigi On our website you can always choose the best literature on trading for yourself!