Topic: Good books about trading? (Read 465 times)

These books are good but if you want free resources, some on Github can help.

Awesome Cryptocurrency Trading
Awesome Systematic Trading

Books, texts are more helpful for learning.

By learning through Youtube videos, you can fall to Youtube channels of influencers and many times they are not good traders, just influencers who want to get money from affiliate links or sponsored advertisements.

Bitcoin videos on Youtube....and a suggestion for our possible BCT channel.

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.

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.

Most of what you will need you will find them on https://www.babypips.com/ or https://www.investopedia.com/

Trading is not just about reading but to practice what little you have read and having emotional balance to go through the trade.

I want to learn the basic concepts of trading, how to read graphics, etc..

I hope someone can recommend me good stuff.

Regards.