Topic: Good books about trading? (Read 394 times)

I never read books when I first started trading, I learned from Youtube and if there was something I didn't understand I googled it. But if you really want to read a book, I think there are a lot of books about trading in bookstores, just search for them and most of them should offer almost the same knowledge. But as a suggestion, I also recommend you to read a book about emotional intelligence by Daniel Goleman, because that was the only book I read when I was learning to trade and it helped me a lot to control my psychology, since psychology is also important in trading and you should not forget that.

A big thanks from my side for your recommendation, I know I've said that tutorials are better in my very first post but for the psychology and strategy building in my view books are good, tutorials are efficient for learning about the technical analysis and price action study. Hmm once again haha I was just going to ask about any recommendations for psychology but I've seen your post below a few posts of mine.

Anyway, I would like to hear I know you recommended these books because you take them in high regard but still how much would you rate them within 5 stars limit, it can give me an idea based on your observation how much effort I should put while scanning it (Scan means taking a look on it if it's terrifically nice I'll make sure to read it properly).As a few weeks ago, I got into a discussion about economic movements. Someone recommended a book on the topic (The reference was not from the Forum), but honestly, it felt like a waste of time. The book wasn’t even that long, but it was tough to absorb because of the heavy, complex language. I appreciate things that are more straightforward to digest.

yes, trying and getting trading experience from small capital is very helpful, and it is good to do rather than trying directly what is learned from lessons with large capital. clearly it is too risky.
do it like that with more experience to try various strategies that have been learned. so you can simultaneously test and compare the most appropriate to use.
maybe what will be confusing is trying various information available, and if more strategies are learned it may be confusing for beginners.

You can continue to do things like that to get more knowledge and also profit by using more days in trading, because people who never try and are always afraid to try will never get anything from the market. So you just need to be more consistent in trading while increasing your knowledge and also your capital in order to become bigger in the market because it always takes time. Moreover, this year market conditions have changed very often so that traders are also often confused in making conclusions for themselves.

It is true that whoever decides to trade they must do it based on their own will and they should not enter trading only based on people inviting them but they do not teach knowledge about trading of course this will be very risky for him, in learning trading of course anyone can do anywhere they can understand easily and I think having a mentor in learning trading will be better and we can always consult About knowledge that we cannot understand well and also I agree with you, we should not be lazy in learning trading when we have decided to enter trading.

When you have entered trading, of course, it is very important for anyone to be able to use funds that they are ready to spend when experiencing failure, especially a beginner has not understood well, of course, failures are things that they will definitely experience when they first try it, and in the learning process, of course, we must often continue to read books about trading in order to continue to increase knowledge about trading.

Trying with a demo account will indeed be able to reduce the risk of losing money on the trades we do, but when trying with the funds we have, we must be very careful in doing and do not let us make a decision without first analyzing it properly which makes us will make mistakes that harm ourselves and I strongly agree with you that trading is not a way to be able to get rich easily, of course a lot Things that we must prepare to be successful in trading.

The decision to start trading is entirely in your own hands, if indeed with a book it will be easier to learn trading then buy a book, there are many places that sell trading books on the internet, one of which is on Amazon as you suggested. However, if with a book it is difficult to understand trading, there are many other ways to learn trading well, either from watching or from articles or having a mentor, the point is you have to seek knowledge and not be lazy.

Because the most important thing in trading is education, Trading requires capital and is full of risks. So make sure you only invest money that you are really ready to lose. In trading, reading books, or joining a trader community will certainly be an addition to increase your knowledge.

There are also those who try trading with a demo account to test their strategy because with a demo account they do not have the risk of real money. The point that must always be reminded even though it has been discussed often, Remember trading is not a quick way to get rich. because trading is an activity that requires patience, discipline, and in-depth knowledge.

It's true that books can often be outdated, but they can still be helpful for new traders. What really matters is mastering the basics, because as you keep trading, you'll naturally pick up more strategies along the way. No matter what book you're reading, whether offline or online, it all comes down to the trader. Success isn’t just about what you know—it's also about how you apply it. That’s why you can’t rely solely on what’s written in books. You've got to do your own research too!

Not necessary. I thin that what dzungmobile meant that trading is more fast paced buying and selling then investing. Investing means usually long term holding and depending on your trading frequency, it can be very similar to investing. As usually investors have exit targets as well, similar to swing trading where traders are trading with lower frequency. Like buying and waiting for a month to sell, or a year.

What ever your style is, i don't recommend high frequency day trading. Bots rule that area and you can't really beat them.

There are thousands of books to read regarding trading which will help in broadening your knowledge about trading, but even when you must have read most of these books which has been/will be recommended to you, experience is still the best teacher, yeah it really gonna help your trading journey when you have applied and practice what you have read, one very good you should equally try that contains some valuable information about trading is ......" Trading in the zone by Mark Douglas"

Before i started trading i thought it was very difficult and will not be possible to me, although i watched lots of youtube videos but when in youtube was not much resources then i started with small capital provably it was 20$, most of they exchanges will allow this amount to deposit and trade also withdrawal, i gathered my trading experience in this way.

Books?  it could be outdated.

We've ebooks or YouTube video tutorials nowadays which I think are quite updated than the books.
But anyway, if you still want that book.
Just search this name, (Andreas Antonopoulos) on Amazon, it's popular there including those e-books he made about trading.

As I heard about this man, he also has a free trading e-book on GitHub about trading, just try to search.

Haha, buddy, you've quoted the wrong person, anyway as you've mentioned trading is full of charts, patterns, and market graphs, honestly I don't run before these things what matters most is volume, trend, and market developments. For everyone who's new to market buddies keep in mind what matters is your discipline and consistency throughout your trading journey rest of the things are just additional tonics for better decision-making.

Well, you can start reading some good books at your first days in learning trading but eventually, since trading is quite risky and complicated, watching video tutorials then will be more helpful most particularly for beginner traders. Since trading is full of charts and market graphs, and analyzing the market details, then it would be easier to learn if you can see it with your own vision with a good explanation from a reliable trader, rather than seeing all those words and phrases about trading without completely understanding them since no one is explaining it to you.

Here are my personally recommended trading books
# Volume Price Analysis (VPA) by Anna Coulling

## The Psychology of Trading: Tools and Techniques for Minding the Markets by Brett Steenbarger

### Technical Analysis Of The Financial Markets by John J Murphy

#### Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology by Brett N. Steenbarger

If it is about trading, you need to have an in-depth knowledge on what you are doing because Jumping into demo trading as a new bee is just too sudden for you to start trading without going for the knowledge first As much as trading its fun You still need to get yourself prepared for learning because if you are not ready to learn, then you are not ready to trade that knowledge is what will sustain you during your times of trading. and it is not as if you need physical book for you to gather knowledge when trying to trade the lot of books out there online for you to download and study, and those books that people are avoiding to study. The contents are tools that will give you direction on the various steps to take, especially when you are doing market analysis you need to understand the significance of every can do and these things will be inside the book.. I feel anyone that is avoiding to study is not really ready to trade because everything you will need will all be inside the book and that is why you don't have studying that is the only place that help can come from, no any other place.

Online trading research books or columns can often give you the right direction because you can get it for free by searching the internet. If you want to acquire proper knowledge by reading proper and knowledgeable books or columns, you should buy and study them. Studying trading can expand your insight and to learn fully you must invest and analyze every price in the market so that buying and selling time is much easier for you. You mentioned Patience yes I agree with you that it is very important for an investor because if one expects a lot of profit in a short span of time he may end up in financial loss.

It's good to read some useful books that will help you out in trading. However, I prefer to just scroll the internet and view some demo trading tutorials that are performed by highly successful and reputable traders. With that, the learning process becomes easier and more effective because you will see it with your own two eyes rather than trying to analyze the details you will read in the books. But then again, do not rely on a single source only but look for other videos as well as there are a lot of trading reminders that won't be seen in just a single tutorial only. Patience is the key most especially if you are still starting in the learning process.

TBH, buddy video tutorials are much more efficient while learning step where an expert explains the content according to his experience and real-world examples, and he suggests according to his knowledge, but it has some drawbacks as well don't start to blindly follow anyone checks the qualifications and his own success first. At the same time buddy if you can get some animation tutorials those tutorials are best for understanding the new concepts.

Also there is possibility of finding a local mentor which can help you in connecting with trading more easily.

Yeah we shouldn't because even though there are also similar info that we can find online, books are still crafted with effort and then making them is not easy, so availing them is like a kind of support for the people behind it. Another thing is that books are starting to get extinct now, so we must save them. We need to give credits to those who started it all.

Books or not, demo trading must still be there. It is part of the basics or the process of trading and even those who already have an experience can still do it. They can use it to test their new found/implemented strategies before they deploy them in the real market, so that they can minimize losing just in case things didn't go as expected because we may not get used to it yet.

Youtube is another good source of knowledge and I think its advantage compared to others is we can watch what we are trying to learn, so this can make us absorb them easily.


If it's only about being quick, I think we can be more quicker if we disregard demo trading and trade on the real market immediately just like what many newbies are doing but of course this was very inappropriate. This is like a gambling already. Being easy or quick in a formal manner can still depend on the individual like if they have a higher IQ they can comprehend things easily.

I don't know what the individual would be doing going straight to demo trading as a newbie without having to read a few books relating and concentrated on trade. Having to read a book or two opens the individual mind to know what he's delving into, the terminologies, techniques, strategies and meanings of the different candles stick and  patterns, with this knowledge obtained through books, practicing them using demo trading now makes some meaning and direction.