Best stock market trading books
Peter Lynch explains how Wall Street may not be able to find the best investing opportunities from the start and shows step-by-step how the individual investor can find the next ten-bagger. The Making of an American Capitalist Author: This book sheds insight into the ways and means of the Oracle of Omaha. Reminiscences of a Stock Operator Author: This book is a true page turner.
It is a breath-taking recount of how a young boy managed to amass one of the largest fortunes by speculating despite going broke a few times in his career. Their experiences are fascinating, inspirational, and traders can draw endless lessons from their stories. This is a gem that encompasses investor psychology and system construction.
There is something for everyone in this book. The Intelligent Investor Author: Currently in its tenth edition, this book is a great first read for those starting a portfolio. Indexing, diversification, trends, bubbles, the value of patience coupled with time, alongside many more core concepts are all pronounced within.
Author Jack Bogle is the founder of The Vanguard Group, known for providing the lowest cost funds in industry. The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor Author: Even if you hate the idea of using technical analysis, you must understand how others use it to find an edge with your trading. Let me explain a little further. As a fundamental trader, it pays to understand where the key technical levels are, even if you are not using them.
When you combine both fundamentals and technicals, you will greatly improve your chances of success in the market. The reason being is every decision you make is based on your thoughts and mindset around it.
The system you created is based on everything you have taken in around the markets up to this point in time. Have you ever read a classic trading book for a second time years later? While reading it, did you ever get the feeling it was a completely different book?
The reason the book feels like a new one is because you have changed as a trader. You have made mistakes. You have closed out some of your best trades. Most new traders begin their journey as a long-term buy and hold investor. Some years, the buy and hold approach works wonders. Other years, the volatility in the markets favours the short term trader. Swing trading is one of the best ways for longer term investors to make the transition into more active trading.
The time frames are more active, but they do not involve buying and selling times per day, as a good day trader might. The beauty of reading the best swing trading books is the number of trading techniques they offer. You see, trading ideas are extremely valuable when you are starting out.
You are always best learning from those people and techniques which have a proven track record. There are literally thousands of solid swing traders out there and many of them have written some of the best trading books available.
You must collect a few of the best swing trading books and study them. You will never run out of trading ideas if you do this. Before we get to our top 8 best trading books, here are the 11 trading categories we have divided our best books into. Just click on each link to find out more about the best books in the section. It is hard to create a modern trading book a classic. So many of the best traders today have learnt their lessons from the classic trading books of our time.
Very few of the most recent ones have new ideas. You will have to appreciate that our number 1 trading book for is an all-time classic, not one released in A great tool for comparing online brokers can be found at StockBrokers. Read books Books provide a wealth of information and are inexpensive compared to the costs of classes, seminars, and educational DVDs sold across the web.
Here on the site we have a full list of 20 great stock trading books for investors to consider. Read articles Articles are a fantastic resource for education.
Our free Stock Education page here on StockTrader. Recommended websites for investment education are investopedia. Find a mentor A mentor could be a family member, a friend, a past or current professor, co-worker, or any individual that has a fundamental understanding of the stock market.
A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough. All successful investors of the past and present have had mentors during their early days. Forums can be another source for question and answer. Two recommendations include Elite Trader and Trade2Win.
Just be careful of who you listen to. The vast majority of participants are not professional traders, let alone profitable traders.
Heed advice from forums with a heavy dose of salt and do not, under any circumstance, follow trade recommendations. Study the greats Learning about the greatest investors of years past will provide perspective, inspiration, and appreciation for the game which is the stock market. One of my favorite book series is the Market Wizards by Jack Schwager. Read and follow the market News sites such as Yahoo Finance and Google Finance serve as a great resource for new investors.
For in depth coverage, look no further than the Wall Street Journal and Bloomberg.