Being a trader requires continuous learning and improvement but it not an easy achievement, with several ups and downs along the way.
There’s no one right way to become a great trader, but reading about how others have done it can point you in the right direction for your personality and trading style.
In this article, we have therefore compiled our top 5 books on trading that we believe all new traders can benefit from, so let’s jump right into it:
1. Market Wizards: Interviews With Top Traders
Bestselling author Jack D. Schwager interviews dozens of top traders across most financial markets. This is probably the most popular trading book of all time, and many successful traders recommend reading it.
While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success.
Jack D. Schwager also distills the top traders’ responses down into a set of guiding principles you can use to become an investing and trading star in your own right.
2. Day Trading For Dummies
Although the author’s not a trader, her book is diverse, covering a wide range of topics, making it ideal for those who want to get a broad initial understanding. This book is less of a guide and more information on every day trading topic under the sun. You won’t get detail, but that also means you shouldn’t get lost. This all makes it one of the best books on trading for beginners.
3. Way Of The Turtle
This book explains the reasons for the success of the secretive trading system used by the group known as the “Turtles.”
Top-earning Turtle Curtis Faith lays bare the entire experiment, explaining how it was possible for Dennis and Eckhardt to recruit 23 ordinary people from all walks of life and train them to be extraordinary traders in just two weeks.
As a beginner, if you are uncertain about where and how to start trading, this book will be of great help in showing you the way.
4. The Intelligent Investor
Benjamin Graham’s “The Intelligent Investor” is considered the classic text on value investing, which is still one of the most popular basic investing strategies and the underlying principle of hundreds of investing strategies developed since Graham’s book was first published in 1949.
This book holds the distinction of being touted by famed investor Warren Buffett as the best book ever written on the subject of investing, and as one of the primary sources for his own education in trading stocks. In the book, Graham presents his core investing philosophy of identifying the intrinsic value of an investment and then looking to buy into it at a price below that value.
5. Trade your Way to Financial Freedom
This book has been called the holy grail of trading information.
It exposes Van K. Tharp’s unique 17 step trading model in a real trading masterpiece. It features interviews with traders, and breaks down what a trading system is and how you can develop your own by picking some examples within the book.
It is a kind of self-help psychology manual for traders and is necessary for anyone wishing to get serious with day trading.
So there you have it, our top 5 best trading books for you. But the question is, where do I get a copy of all these books?
Don’t worry, #ForexTradingPH has 100+ trading eBooks we share with all our traders. All you have to do is join our Free forex trading webinar or seminars to get a copy of all trading eBooks.
Start your forex trading journey today. Learn how to trade the world’s largest financial market. Join our Free Forex Trading webinars. Click here to register.