Topic: Good books about trading? - page 2. (Read 394 times)

If someone want to enter in trading then surely having few things in early days are best for him with books can give some good source of knowledge and fundamentals but still learning about trading now is still not easy but as we are having many sites are offering demo accounts for me it's best option for anyone even I am not against the books or other material related to learning basics about trading and investment but for having best results I mostly love to go through with demo accounts because these give me better results also chance of increasing my mindset about trading.

We have few good links here on this thread which will surely help and give good advance information and know but still for the newbies we need to stick with these demo accounts are the best option because with this we can have much better and perfect learning which will help us for having increase in confidence and skills.

These books are excellent resources for learning about trading.

I remember that in one of Douglas's books or in one of his interviews, he said that "The less news you read, the better ability you will have to control your action and be more disciplined with your trading plans". I don't remember exactly his statement on this, word by word, but his advice is something like this.

He revealed that he read news like once a week, as his practice to be disciplined with his principle by himself.

Trading in the zone book is available online for reading.

People like to skip the basic while the basic is what usually become the saviour of our trades and books are full of those knowledge that a trader should know.
the information online that we can search up usually are just some half assed information because the website like to find some traffic and impressions they just decide to spread the information across multiple pages and I find it reduced the comprehensiveness of the information.

using chatGPT to read about trading technical analysis will often result in deluded response either, so indeed book is the way if someone is really invested into learning how to trade and using demo account to get the grasp of the market.

the saying that book are irrelevant couldn't be more wrong.

Books are irrelevant? I think the advent of technology such as AI has ridiculed the importance of knowledge that comes from learning things the good old fashion way. Contrary to popular beliefs, Reading trading books especially well thought out and written books. They are a hidden gold mine because everyone is just on Google and YouTube looking for a quick strategy that will work every time.

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For OP, the two books that I know about trading are "The disciplined trader" and "Trading In the zone". Books book are by the same author, Mark Douglas. I find them very interesting especially the One about psychology because I've seen myself doing the mistakes outlined there over and over again. Good read imo.

Books are irrelevant nowadays considering that everything could really be searched up online on simply having that Google search on any information that you would really be seeking
on which it would really be just that normal that thre would really be some people who would really loving or wanting to have on reading up books because they do really love it or want it.
Actually there are really books which are really that good to read up but most of them are really that having some e-book version. This is why i dont bother up myself in regarding to this.
It would really be that such a waste on buying up something on which you could actually get it for free. Those information would really be that just that the same in overall concept and sense.

Im not aware of any name of Book which could be considered out to be good or something that could really be that helpful. It would really be just that according into someones preference
on which path or method that he would really be taking up and speaking about learning process then just like been said that everything you could be able to search up on the internet.
You cant really just that make yourself that being too careless on everything that you do really be able to read up. Be sensible towards your actions then
you would really be just that simply fine.

I was just about suggesting YouTube to the op but went through your link and I think anyone wanting to go into trading can have a head start from those links and I also agree with you that trading isn’t about videos or reading books but more of practical and more of technical analysis and with regards to that, there is what is called the Demo account where you can get to practice whatever you’ve learnt either online of offline without having to risk real and actual money but it is also worth knowing that, over the time, people have always complained about making successes while trading demo and ending up with losses while trading real account and the simple answer is “EMOTIONS”.

Emotions is one thing that makes a trader loss focus while trading and that’s the major reason while a lot of traders succeed with demo and fail while trading with real account and as such, as a trader, while learning everything you need to learn, please take emotions very serious and also learn how to be in charge of your emotions.

I totally agree with you. To master trading an investor should start with his own capital which can be of any size and familiarize himself with market conditions. This is the best way in which an investor can use his capital during price down trend also choosing the right currency is very important for a trader which he can try to understand through market practice.
An experienced investor should be consulted during the selection process of a currency to be more informed. Also a trader should pay more attention to his real assets and consider the possibility of losing the amount he invests.

Exactly. You don’t have to read a lot of books before trading. That’s too traditional. Experience is still the best teacher as long as you start trading just a small amount that you can afford to lose. That way, you’ll get to understand trading quickly. And the more often you let yourself exposed to the real field in trading, the more you become inclined to it while developing your own strategies in trading.

One way to get good grasp of trading is to actually experience it. Start small and don't be afraid to commit mistakes. But as  much as possible use extra funds so you won't get trouble financially.
Also, in this board alone you will get a lot of insights that may help or assist you in your trading journey.

When I started trading alts long time ago, what I did was to test first the exchange with small amount. The mere fact that you might send it to a wrong address is real especially for tokens or alts that you can send in different chains. This is why I try it with small so I know for myself that if it will go thru, I will be more confident the next time around.

The other thing is to check their min deposit and min withdrawal for your coin. Because most exchanges have their corresponding min for deposit and withdrawal. So your coins won't get stuck somewhere if you try to send it to them or you won't get it out because it is below their min withdrawal plus fees.

There are lots of sources to learn trading since you want to learn about charting and reading the chart then start with technical analysis.

Here are some sources for free

- https://chartschool.stockcharts.com/
- https://zerodha.com/varsity/module/technical-analysis/

Then learn some strategies from this channel Trade Prime

Then test what you learn from those source on free trading simulators

For more trading source for learning and tools check this link below

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

So do you want to have a physical book to read directly or is the article enough for you? I think Youtube already teaches a lot about trading for beginners... how to read charts, pattern combinations, and more you just have to look for it.

Trading does have a high risk but if you want to start it doesn't matter as long as it is with a small amount so that you are ready to be able to lose ... usually when you start trading it will not be as smooth as what you imagine. So keep learning and developing in crypto trading.

Definitely go with the online options, there is no reason to keep going with the fixed book situation because books are done once and be done forever, whereas online resources change all the time, if they find something better, they will write about something better, and that's a lot better than just being stuck on some book.

If you wrote a book in the 80's, that means the book has all the things you need to know at the 80's but would be totally useless for you because even the tools that you use would be different, whereas the links that people here shared are stuff that are up to date, because they have to be in order to stay competitive.

I prefer binance, they have a great place that you can check for everything, from education about trading to stuff about just words, like what they mean and common words in crypto that you will see. This is why I would prefer binance, but of course all the links here seem to be ok, none of the m are priced, do not pay anything to anyone to learn more, every resource you can find is already free, just get one of those and learn for free.

Sorry if i sounded like you were wrong, i didn't want to mean this.

Do you recommend someone to learn about?

I don't discourage you from buying the trading books, you can find books from amazon, But i recommend to you focus in demo trading it's easy to quick learn about trading, a lot of crypto trading related videos on youtube those will be very helpful to make skill. Reading books to learn trading it seems difficult and delay  way i think.

What i want is to not start trading or investing without any kind of knowlede, thanks for recommending youtube videos but i'm not sure who is a real trader and who doesn't know anything and is a scammer, that's why i want books, added that the fact that i could learn by doing too while i read, i think is the best i can do, what do you think?

Have you done some research on youtube by typing what you want about trading and you didn't get result?
Okay I want you to read this here https://howtotrade.com/blog/trading-books/ the book there may help you to know things you needed to know about trading.
Note: Do not make any investment or send any fund to anyone, you are sole responsible for any lost or whatever and before making investment try and confirmed from people over here to know if those site are reliable.

Books can fulfill your hunger for trading knowledge but when it comes to developing your own skills and trading strategies, I suggest you focus more on demo trading and some crypto trading tutorials that are freely available on youtube performed by professional traders. That way, you will have an instant knowledge on how trading works in the market, how to read graphs and market charts, and on how to make good market analysis that will help you perform trading more successfully and profitably.

If you want to learn about trading then you can follow demo trading system or you can learn more about trading on youtube. But you will always put your own effort into learning about trading and you will see that you have learned something good. You can't learn anything good from books on trading on your own. But always remember that trading is not very easy and don't trade in trading thinking it is easy.

Hey, thank you very much for this, i understand that investment is more like buying company actions instead of crypto, right?

I just want to try with small amounts of money (5-10$ as top) because i know that is very risky, however investing that quantity should not give me problems nor big wins.

Trading is risky for everyone especially in this volatile market that has very small market cap compares to other traditional markets like stock market. This market is more vulnerable to manipulations and you should never start trading if you have yet been here several years or experienced at least one market cycle (that is 4 years).

Investment is a safer option for newbies and I recommend you go onward with investment, not trading. A good strategy is Dollar Cost Averaging.

Try to learn about market history, understand it and make your investment plan as well.

Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you

If you still want to do trading, let's check some resources.

Awesome cryptocurrency trading.
Stop loss order: One of best weapons in trading.