Top 10 Trading Books
Following is a list of the top trading books that every day trader and swing trader should read. Technical analysis and stock charting skills are important when it comes to trading, and these
books will teach you how to use technical analysis to find profitable chart setups and trades.
Best Technical Analysis Books
1. Technical Analysis of the Financial Markets
This is a very comprehensive book on technical analysis and it gives you a step by step instruction on how technical analysis work and how to apply technical indicators to real trading. If you are a stock market beginner and looking to short term trading, this is the first book you should pickup.
2. Trading for a Living: Psychology, Trading Tactics, Money Management
Trading for a Living is a great book where it teaches you 3 major concepts in short term stock trading, Psychology, Trading Tactics, and Money Management. You will need all 3 of these skills in order to survive and make money trading stocks. This book teaches you how to use technical indicators and give detail analysis on charts. Whether you are a stock market beginners or an experienced trader, you will learn something new from this book.
3. High Probability Trading
This book has some unique insight on how to use technical indicators which you won't find in any other book. Again, you will learn how to use technical indicators like stochastic, MACD and how to apply them in swing trading.
4. Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits
If you want to make money swing trading, candlestick patterns is the key. You will learn all the basic candlestick patterns and reversal patterns that allows you to jump on a trade before the beginning of a trend. You will learn how to apply these candlestick patterns with real trading and how to recognize profitable trade setups.
5. How to Make Money in Stocks
This is both a technical analysis and fundamental analysis book written by William O'Neil, founder of Investor's Business Daily. The author uses his CAN-SLIM investing method in the 1960's to make himself a multi-millionaire. The CAN-SLIM investing strategies still applies today. This is not a pure technical analysis book, but certainly one of the best stock market books.
6. Come Into My Trading Room: A Complete Guide to Trading
This is one of the first technical analysis books that I read on technical analysis and it is the 2nd book written by Alexander Elder, the author of "Trading for a Living". This book shows you how to apply the trading strategies that you learn from "Trading for a Living" with great details. You will see how Dr. Alexander trades and applies his own trading systems.
7. Short-Term Trading in the New Stock Market
Whether you are a swing trader or a day trader, this is a good book to learn about trading skills and trading strategies. You will learn about the author's 7 steps approach to the stock market. You will learn about risk-reward ratio and when to enter and exit a trade.
8. A Beginner’s Guide to Day Trading Online
If you ever thinking about day trading online, this is the book that you should read. Day trading requires strict discipline and this is a good book to get started.
9. Encyclopedia of Chart Patterns
Encyclopedia of Chart Patterns is yet another great book on technical analysis and chart patterns. The book is written by Thomas N. Bulkowski and has over 1,000 pages. It is a very detailed book and great for beginners.
10. Entries & Exits: Visits to 16 Trading Rooms
This book is a compilation of trading strategies used by 16 traders. You will see how they trade and they apply their trading strategies. This book is an easy read, but not for stock market beginners. You should at least know how to use technical indicators before you pickup this technical analysis book