Which are the top 5 books one should read to become a better trader?

#6

Hi,

The major books one can read to get confident and discipline in the stock market are below

A) 50 Trading Rules - William F

B) How to Make Money Trading with Candlestick Charts  - Balakrishna Sadekar.

C) Futures & Options - Mahajan R.

D) A Simplified Approach to option trading - Jitendra Gala- Ankit Gala.

For more info you can visit http://www.amazon.com/

4 Likes
#7
  • 45 Years in Wall Street By W.D Gann
  • Trading for a Living Psychology, Trading Tactics, Money Management
  • Reminiscences of a Stock Operator by: Edwin Lefvre
  • Technical Analysis of the Financial Markets  BY-John J. Murphy
  • The Intelligent Investor BY-Benjamin Graham
  • Market Wizards Interviews With Top Traders
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#8

When the Genius Failed - By Roger Lowenstein. This book is about the real life events of the smartest guys in finance, running the largest hedge fund at that point (Early '90s), with the most sophisticated strategies. The book details their success, arrogance and most importantly how they oversaw RISK. Read this if you want to know the importance of Risk Management in your trading/

Thinking fast and slow - Daniel Kahneman. Markets are more often than not puts you in a stressful situation when you need to make a quick decision. Decisions made under such circumstance may lead to regret. Suggest you read this book to help you understand your own thought process and how you can sharpen it when you need to make a decision when you are stressed. The book also talks of Prospect Theory...really good stuff...wont talk about here and kill you curiosity :-)

Happy Reading! 

11 Likes
#9

If you read all the above books, Just to blow off some steam you could read the wolf of wall street, It will teach you what you shouldn’t be doing in the market. Taking tips;)

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#10

Will be getting all of the books the above gentlemen have mentioned… presonally am big fan of Dr Alexander Elder… http://en.wikipedia.org/wiki/Alexander_Elder

  1. Trading for a Living - Dr. Alexander Elder

  2. Come into My Trading Room - Dr. Alexander Elder

  3. Entries and Exits - Dr. Alexander Elder

  4. Fibonacci Trading, How to Master Time and Price Advantage - Carolyn Boroden

Also a non- trading book that is a must for every trader…

  1. Self- Discipline in 10 Days Theodore Bryant
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#11

Antifragile-taleb

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#12

Technical Analysis of Stock Trends by Edwards and Magee

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#13

Brian Shannon - Technical Analysis Using Multiple Timeframes

Alex Nekritin & Walter Peters - High Probability Techniques for Trading Without Indicators

Dr. Alexander Elder - Trading for a Living

Mike Bellafiore - One Good Trade

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#14

How to Make Money Trading Derivatives 

How to Make Money Trading Derivatives  
 by   Ashwani Gujral 
Pages: 280
Price: Rs. 495
Format: Paperback 

		<p><span style="font-family: sans-serif, Arial, Verdana, Trebuchet MS;">go to&nbsp;</span>http://www.visionbooksindia.com/details.asp?isbn=8170948533​</p>
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#15

Getting Started With Chart Patterns- Thomas N. Bulkowski

Trading Classic Chart Patterns- Thomas N. Bulkowski

First one gives a very simple introduction to chart patterns, support and resistance, pivots and technical trading ideas with real life examples. Being a novice in this field, it was of great help to me. Second is little advanced.

2 Likes
#16
  1. Trading and Exchanges Market Micro structure for Practitioners - http://www.amazon.com/Trading-Exchanges-Market-Microstructure-Practitioners/dp/0195144708

2 - Fooled by Randomness

3 - Thinking Fast and Slow

4 - Markets in Profile - James Dalton

5 - Any book on Technical analysis

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#17

Firs of all, thank you for this wonderful question. I'd like to add one more name to the list. A very amazing book on trading psychology. The Disciplined Trader by Mark Douglas.

1 Like
#18

Reading all the books, studying technical indicators, are just forecasting tools to make your broker more money.

Trading is a speculative game and no amount of books or indicators can give you the answers to place your bet.

In the end you are always going to loose money.

2 Likes
#19

I personally like Technical Analysis A-Z by Steven Achelis, gives a great insight on the technical tools and indicators. Once you select your indicator, you can read books which talk specifically only about that indicator. For example, book on fibs by Carolyn Boroden, or ADX by Charles Schwab, etc.

As far as psychology is concerned, I have never read anything as good as Trading in the Zone by Mark Douglas.

Hope it helps.

2 Likes
#20

Hi Dear Friend,

You better visit zerodha varasity for basic understanding & gain knowledge from it.

The best book is you and your experience. As warren buffet is a professional trader he told one simple formula: “BE GREEDY WHEN EVERYONE IS HAPPY, BE HAPPY WHEN EVERYONE IS GREEDY”.

In stock market “PATIENCE” is Money! If you’re beginner, go for product type “CNC” acquire knowledge and in “CNC” you’ll be safe, where as “MIS” are for experts/Automated traders.

Don’t read any books it’s waste of time, Be Practical & Act Practical, You’re the Best Book once you’ve gotten experience in trading.

Regards,

nagesh

4 Likes
#21
  1. How to Make Money Trading with Charts- Ashwani Gujral

  2. The Complete Guide to Day Trading- Markus Heitkoetter

  3. Swing Trading- Marc Rivalland

4.Trading with Candlestick Charts- Clive Lambert

5.High Performance Trading- Steve Ward

6.Profit in the Futures Markets- Jake Bernstein

7.How to Profit from Technical Analysis- Rajiv Khatlawala

8.Traders Guide to Financial Markets and Technical - Jitender Yadav

A ll the above books are available at Vision Books,New Delhi ( www.visionbooksindia.com)

2 Likes
#22

Books give you inspiration. You also need a solid strategy to win in trading.

For truely 2D & 3D integrated trading techniques feel free to download 100% free professional intraday trading strategies here : http://intradaytradingsecrets.blogspot.in/

1 Like
#23

Van K.Tharp - Super Trader - Make Consistent Profits in Good and Bad Markets / fiancial freedom

PITBULL

Al Brooks - Trading Price Action (TRADING RANGES)

Alan Farley - The Master Swing Trader

Mark douglas : Disciplined trader

The New Psycho-Cybernetics by Maxwell Maltz

J.L.Lord - One Strategy for all Markets

Jack D schwager(market wizards series)

Elder Alexander(trading 4 living,trading room,entry-exit)

PHANTON OF PIT

       
 
1 Like
#24

I saw Random Walk Trading Website is offering a lot of good books, from beginner to Advanced:

They have the following but not limited to:

One Strategy for All Markets

Time Spreads

Option Greeks for Profit

Options Platinum

Options Basics for Beginners

and others

I purchased a bundle and a discount was given.

Here is their website: 

https://www.randomwalktrading.com/

https://www.randomwalktrading.com/online-store/

They even offer seminars and online courses I guess..

2 Likes
#25

Can someone take initiative and keep all the available ebooks at one place somewhere on the cloud storage? so that anyone can download it anytime from there or to share it to anyone.

1 Like