Thursday, July 2, 2009

Where to start from when it comes to trading

I often get a question from various people about list of books they should read before they start with trading. My short answer is always the same - As many as possible! 

Here is a list of several books that I like a lot. 


Psychology of trading:

(Dr. Brett Steenbarger is a must – With all three books written by him.)

The Psychology of Trading

Enhancing Trader Performance

The Daily Trading Coach

Trading in the Zone by Mark Douglas

-------------------------------------

Technical Analysis:

Technical Analysis Explained by Martin Pring is a must

The Candlestick course by Steve Nison
-------------------------------------

Other: 

Reminiscences of a Stock Operator by Edwin Lefèvre

Market Wizards by Jack Schwager

Trading for living by Dr Alexander Elder

Come into my trading room by Dr Alexander Elder


These books are just to start with. When you are done, there are many other more sophisticated books discussing different trading topics.

Trading is a performance field in which one must learn every day. Even after almost six years of successful trading I’m still buying books and looking for new ideas. If one wants to be successful in trading, then that one must love and appreciate trading as endeavour - Just because of that love and appreciation one should consistently try to enhance his/her knowledge and skill. 

Isn’t that case with anything you do in your life?

Trade with trend.

13 comments:

Anonymous said...

In addition to several mentioned books:

New Trading Systems and Methods by Kaufman;

Encyclopaedia of Chart Patterns by Bulkowski

How to Make Money in Stocks by William J. O'Neil

24 Essential Lessons for Investment Success by William J. O'Neil

Alsi Trader said...

Anonymous thanks for input

New Trading Systems and Methods excellent book but too serious for beginners.

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