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Of course, this method of learning may seem outdated to many, but it is precisely in trading books that the experience of successful traders is conveyed, those who have experienced firsthand the complexities of stock trading and have been able to develop truly effective tools.
In this article, you will get acquainted with the best of the works, reading which can completely change your mindset as a trader.
Top 5 Best Trading Books
1. Beyond Japanese Candlesticks by Steve NisonAs you've learned and become familiar with the stock exchange, you've likely noticed that all trading platforms can present information in the form of three chart types: candlestick, bar, and line.
Download Beyond Japanese Candlesticks.
However, the candlestick chart remains the most popular type of chart, as it is highly informative.
Book Steve Nison teaches all traders to understand price action, the principles of chart formation, and how simple candlesticks can tell you what is happening and has happened in the past on the chart, as well as what we should expect in the near future.
This information is presented in the form of patterns and candlestick figures. A distinctive feature of this textbook is the author's clear and logical presentation of information on candlestick analysis.
Moreover, Nison himself is a pioneer in the field of price analysis using candlesticks.
2. The Turtle Traders by Michael Covel
Unfortunately, many newcomers, upon encountering their first real difficulties, begin to become disillusioned with the exchange and believe that only a select few with specialized education can learn to trade there.
But the reality is that anyone, regardless of experience, age, or industry, can achieve real success! Don't believe me? Read the book "Turtle Traders.".
In his work, Michael Covel tells a rather amusing story about how people far removed from the stock market were recruited as part of 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 the 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, including stock trading, is psychology.
Download How to Play and Win on the Stock Exchange.
Unfortunately, it is traders who experience the most colossal psychological stress, because while a person might be reprimanded by their superiors for a mistake in another area of their work, in the market they have to pay out of their own pocket.
In "How to Play and Win on the Stock Exchange," Elder takes a serious look at psychology and money management, and dedicates an entire chapter to what trading strategies, construction principles, and the basic principles of systematic 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 reprinted in many languages and remains relevant even today.
4. Market Wizards by Jack Schwager
Financial markets are multifaceted, and their participants are often people of all walks of life, with completely different values, approaches to market analysis, and even different backgrounds.
Download Stock Market Wizards.
Some achieved everything themselves, while others struggled to advance their careers. Jack Schwager vividly demonstrated the diversity of people who achieved success in the financial markets.
"Stock Market Wizards" is a collection of interviews with the most successful traders.
During the interview, they not only reveal their success stories, but also the logic behind their decision-making and even their strategies.
Here you won't 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, unlike the above-mentioned must-read trading textbooks, is distinguished by its dry presentation of the material, where there is a complete absence of lyricism, and the entire text is presented from a certain scientific point of view.
Download the ABCs of Forex Trading.
Dry facts and concrete details are the main strength of this textbook. By reading it, you will 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 diversity of analysis in financial markets.
Therefore, in the book's section on forex - http://time-forex.com/knigi On our website you can always find the best literature on trading!
