Most Recommended Trading Books
In this article, I will list the Most Recommended Trading Books. Books are the best friend of learners and the first mode of learning new things, and nothing can beat books when it comes to educating. It is the reason most experienced professionals recommend reading books for learning Trading.
Combining the best Trading books along with articles, tutorials, and videos, you will get an excellent path to learning Trading. Some of the books give an overview of various Trading concepts. Some other Trading books go into the depth of each trading concept.
There are hundreds and thousands of Trading books available on Amazon, the Internet, or any other e-commerce site. As a beginner, you might be confused about choosing the right book to start learning Trading. Here, we are giving you a list of Trading Books based on the experience of Learners and Professionals. If you still haven’t put together your reading list for 2021, we’re here to help with our choice of the best-recommended books for Trading.
This book intends to make the reader a master in his trade, provided he follows the explained concepts of candlestick trading effectively. The Japanese have practiced candlestick techniques in trading and candle signals for over four centuries to fill their treasuries. Refined and revised over the course of time, these signals are now utilized all over the world for trading in financial markets, stocks, and derivatives.
The book helps the reader understand and apply this technique to make money. It starts with explaining the types of candle signals, techniques to identify them, and utilizes them. Every candle formation reflects underlying market psychology lucidly explained by the book. Taking advantage of high-probability trades, the book explains how one can accurately combine candlestick signals with Western technical analysis for generating explosive profits and cutting losses.
In addition, the book also discusses how the candlestick technique builds a simple mechanical trading system and eliminates emotional interference, gluttony, and panic. Besides clearing concepts of candlestick charts and signals, the book offers market-tested trading ideas and some’s and Don’ts in business, straight from the author’s experience.
Buy This Book: https://amzn.to/3BqTokB
Douglas uncovers the underlying reasons for the lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market. He exposes them one by one, teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the “probabilities” of market movement that govern all market speculation.
Buy This Book: https://amzn.to/3lmaRoW
A master class on making money in day trading by one of India’s most famous traders. In his trademark blunt style and laced with wry throwaway humor, Ashwani Gujral cuts through the clutter and awe surrounding day trading, sharply zeroing in on the skills, methods, and abilities that spell success in this most challenging and rewarding of endeavors. This book will equip you with the skills and temperament to make you market-ready. It reveals Ashwani’s time-tested and practical day trading strategies and systems, which are easy to understand and implement:
The 3Ms of trading success — method, money management, and mindset
The technical pillars — moving averages, pivots, and exceptional candles
Profitable trade entry, trade management, and exit tactics
How to trade the morning range, trends, gaps, and sideways markets
How to add the catalyst of big news events to power your trades
How to avoid — and profit from — market traps
How to harness the explosive power of multiple trading tools working in tandem
Money management — position size and risk management
How to master your mind to vanquish the market
The daily discipline of a successful day trader.
Packed with more than 200 real market examples and charts, this book shows you how to approach the market every single trading day like a winner, equipped with appropriate technical expertise and supreme self-confidence.
Buy This Book: https://amzn.to/3uU4c8u
Options trading handbook: there are thousands of books on options, but you wouldn’t find the knowledge that this book provides.
The writers provide descriptive knowledge of options, option Greeks, etc. None of the books would provide you with the practical concepts of options that may enable even a semi-literate person to use option trading to get rich.
This book, which covers the latest information from the ABCs of options to option Greeks in a very simple language, is a rare work of Mahesh Kaushik, the most-read research analyst of the Indian stock market. Kaushik likes to explain complex subjects in simple terms. Keeping the same in mind, this book has also been written in the format of a story to ensure you don’t get bored at any point while reading it. The character in the story, Ghisu Bhai, is a common waiter, and the book, written in an autobiographical style, describes how Kaushik taught him option trading.
Buy This Book: https://amzn.to/3ar8pHe
This book is all about option strategies that are suitable for the Indian Market for earning regular monthly income. All of these option strategies are well-tested over a long time period.
In the first half of the book, the author has explained the basic idea of Options trading, Option Greeks, and has shown how to calculate historical volatility and how to draw a profit/loss diagram of an option strategy. After that, she explained 10 options strategies with case studies and practical examples.
The last chapter is the most important and the most interesting portion of this book. In this chapter, the author has shared some valuable tips that can be used as screeners for selecting the right option strategy depending on the security type, market condition, and other different parameters. These tips are solely based on her 11 years of experience and knowledge.
The author has kept the writing style simple and easy so that a beginner with little knowledge of the future and options can understand and use these techniques and strategies in his regular trading.
Buy This Book: https://amzn.to/3lmYid4
If you are new to the stock market, you must have tried to know about the stock market from somewhere. You must have heard most of two things: first, we should always trade to stop loss, and second, we should trade after identifying the trends. But have you ever heard?
We should trade by looking at chart patterns! We should understand both the trend patterns and signal patterns together! We should trade after knowing the sentiment of most traders! You will never hear these things.
A To Z Share Market (Intraday Trading) explains everything about the stock market in a very easy way, including:
- How do you trade in the stock market?
- How do I understand the chart?
- What do traders see in the chart? Which makes them feel that the stock is going to rise or fall.
- Why Chart Patterns, Trend patterns, Signal patterns, and open interest are considered most important in trading?
- How can we learn to trade efficiently?
Many such important things are explained in this book with examples, which are very important for you to know before trading in the stock market.
Buy This Book: https://amzn.to/3lnxZ6m
Swing trading is all about taking a position in stocks for a few trading days or a few candles, depending on the time frame you trade in.
This book will teach you the basics of swing trading and how it differs from other trading strategies like intraday trading, positional delivery-based trading, or investing.
The book will explain the basics of technical analysis and how you can use various technical analysis tools like support & resistance, moving averages, candlesticks, chart patterns, and indicators to identify swing trading opportunities with the help of various case studies and charts.
The book will help you get answers to questions like when to enter, how long to hold, and when to sell in shorter time frames of swing trading and help you to take home most of the profits every time you make a trade based on swing trading.
The book also explains the important concept of Risk Management in Swing Trading. The Swing Trading Guide will help you to master the short-term trading techniques of Swing Trading and Make Big Money in the Indian Stock Market.
Buy This Book: https://amzn.to/3Al7a7j
Have you ever wondered how professional day traders earn consistent returns like intelligent investors while others are destined for frustration?
Do you want to know how to avoid the loss and earn consistently in the stock market?
The main difference between Market Wizards and novices can be found in their education, knowledge, expertise, timing, habits, associations, and choice of appropriate tools and methods.
MASTERMIND OF DAY TRADING explains the rule-based ideas of market profile, price action, and various money management topics, especially for intraday trading. How to make Money with breakout trading is a part of the price action lesson that discusses how to Make Money by trading the candlestick charts and trading the price action trends.
It is the first Intraday Trading Book of its kind that represents an objective way of interpreting market profile trading and price action trading concepts. It also narrates a key concept I have learned in TRADING IN THE ZONE book by Mark Douglas, which helps you align Mind Markets and Money in the right direction.
In the first half of the book, you will stroll around the basics and advanced concepts of Market Profile and Price Action, which helps in forming intraday trading strategies. In the second half, you can organize these methods for developing possible entry and exit rules for day trading 101 strategies. The risk management part will give you insights into systematically handling the position sizing and compounding the trading account.
Most importantly, I want to keep it simple because I believe IN TRADING LESS IS MORE.
Buy This Book: https://amzn.to/3Buiu29
If you are an intraday options trader and
You find it difficult to decide where to put STOP LOSS for an options trade (Buy/Sell/Scalp) OR
You put STOP LOSS @ 30%/50% of the entry price and lose heavily if STOP LOSS gets hit.
You are always confused about how to put Trailing STOP LOSS to protect PROFITS & ride the Trend in the options trade.
You have no clear idea of how to decide on a target for options trade
You find difficulty in arriving at a good RISK: REWARD ratio for options trade
The Intraday Index Options Trading by Degree Gann Number System provides a mechanism to efficiently & effectively manage your options trades in indices or any instrument with good liquidity & good bid/ask spread in options.
This system does not provide any directional view of trade.
When you make a decision to take a trade, it provides a mechanism for
Trailing Stop Loss to ride the profitable trade
Identify probable Targets
Intraday Index Options Trading using the Degree Gann Number System will
• Increase your chances of SUCCESS in options trading
• Increase your PROFITS by improving RISK REWARD ratio & cutting LOSSES
You can trade (positional) stocks, indices, commodities, currencies & cryptos with this system.
Buy This Book: https://amzn.to/3uVP8XU.
Like millions, Dr. Vijay Gupta began investing in the stock market, hoping to increase his income and wealth. Like millions, he ran into early losses. Unlike others who give up, he taught himself how to make money in the stock market and created his own trading system, making him consistent profits for over a decade of market ups and downs.
This book reveals his secrets – in his own words:
“Actually, there is only one secret — knowledge. An individual trader should not consider himself disadvantaged because of small capital. But if his market knowledge is limited, then he is indeed vulnerable.
“I was not satisfied with methods which required too many subjective judgments. I came to realize that to be successful, traders must have a simple mechanical system of trading.
“I have made consistent profits over a long period using the mechanical trading system I have revealed in this book. My trading income has now surpassed my income from medical practice. That is what I had aimed for. It has come true.
“I believe my trading system is the best. It works for me — and might work for you, too. You can also easily adapt my system to suit your style. That’s why I wrote this book . . . so that you too can make money from trading.”
Buy This Book: https://amzn.to/3oM6B40
Here, in this article, I provided the list of Most Recommended Trading Books for Beginners and Professionals, and I hope this Most Recommended Trading Books for Beginners and Professionals article will help you with your needs and that you enjoy this Most Recommended Trading Books for Beginners and Professionals article.
About the Author: Pranaya Rout
Pranaya Rout has published more than 3,000 articles in his 11-year career. Pranaya Rout has very good experience with Microsoft Technologies, Including C#, VB, ASP.NET MVC, ASP.NET Web API, EF, EF Core, ADO.NET, LINQ, SQL Server, MYSQL, Oracle, ASP.NET Core, Cloud Computing, Microservices, Design Patterns and still learning new technologies.