Stock Trading Books? For Newbies?
Money management is good, but without understanding the basics of the market you won’t earn much.
Murphy Technical Analysis is a basic book for all beginners. Everything is described there in detail. All terms, various situations in the market are painted. And although the book is already relatively old, it is still the best textbook for all beginners.
To understand how the market behaves, I recommend this book Trading Chaos: Maximize Profits with Proven Technical Techniques by Bill Williams and Justine Gregory-Williams
There are good strategies for making money in a chaotic market. Plus read about the psychology of trading. Without this, you can’t make money on Forex.
So study and make a profit.
I have read lots and lots and lots of books, believe me I have read hundreds of them. Alexander Elder, Turtle strategy books, Candlestick pattern, Bill williams books. Let me tell you something which you may have read in many of them. The only thing that matters is your own personality. If you don't have the patience to wait in fron of a chart during the day to open 1 trade a day, it doesn't matter if you read many books about long-term strategies. You're not gonna like and test them. If you're the kind of a person who prefers automation (EAs), you're gonna end up buying and testing EAs and coding them. So I think it's better determine what kind of trader you want to be, and then go for the books about such strategies.
How to Make Money in Stocks: A Winning System in Good Times or Bad (Paperback) ; Reminiscences of a Stock Operator (Hardcover) ; Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude (Hardcover) ; Encyclopedia of Chart Patterns (Hardcover) ; How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology (Paperback); A Beginner's Guide to Short-Term Trading: Maximize Your Profits in 3 Days to 3 Weeks (Paperback); The Disciplined Trader: Developing Winning Attitudes (Hardcover) ; The Intelligent Investor (Paperback) ; Market Wizards (Paperback) ; Getting Started in Technical Analysis (Paperback)

Forum Jump:

Users browsing this thread: 1 Guest(s)