Best books to study trading
“Reading is to the mind what exercise is to the body.” – Sir Richard Steele
As a welcome break from hours in front of a screen, reading is a great way to unwind and get your mind thinking in different ways. So, if you’re looking to master trading and earn big on the markets, it’s time to sit down with a good book and learn from the experts.
Here’s our list of the top books on trading and investment that you have to read.
The Market Wizard Series by Jack Schwager. This series of books contains interviews with famous traders sharing their stories, the secrets to their success, and their trading strategies. Choose any book from the series and you’re sure to get valuable insights on how the market works.
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John Murphy. This book is considered the Bible of technical analysis. It gives readers all the skills they need to easily read charts and identify forming patterns and trends.
Trade Your Way to Financial Freedom by Van Tharp is a real holy grail for anyone interested in trading. The author explains that there is no universal formula that will help you conquer the market. Instead, every trader has to develop their own key to financial success.
Trading in the Zone by Mark Douglas helps ordinary traders break through their psychological barriers and busts some common myths about the market. This important knowledge enables you to assess trading conditions with clarity.
Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder. This fascinating book tackles hard truths about some of the psychological aspects of trading, while elaborating on the nature of most technical indicators.
How to Trade In Stocks by Jesse Livermore. This is a must read for anyone ready to make a killing in the market. Written by a true stock market legend, this books gives readers deep insights into the market. This is know-how a trader has to understand in order to become a great market player.
Beat the Forex Dealer: An Insider’s Look into Trading Today’s Foreign Exchange Market by Agustin Silvani. This book explains how the forex market works, why the odds are stacked against retail traders, and how to apply specific strategies to offset this unfairness.
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires by Michael Covel.The true story of 23 participants who were randomly selected for a special trading program. Given a 2-week trading course, they went on to make millions, and this book explains how they did it.
So many great books, so little time. Get reading and boost your skill set, then apply those skills on SociumTrade’s unique social trading platform.
