Trading Books And Further Resources
(1) Day Trading (2) Swing Trading (3) Trading Psychology
Of these, trading psychology books are the most important. It does not matter what type of trading you are doing. It is a typical mistake to focus exclusively on the technical aspect of trading and trading strategies. Often, beginner traders who fail to make money in the markets get frustrated and go out and try to learn more about how the markets work, study new strategies, adopt additional technical indicators, follow some different traders, and join other chatrooms. They don’t realize that the main cause of their failure is often their own psychology: a lack of self-discipline, the making of impulsive decisions and sloppy risk and money management – not their technical knowledge. You are the only problem you will ever have for your trading career and, of course, you are the only solution to this problem. The correct trading psychology is something that you can learn, and nobody has been bestowed with it at birth. That is why you should read, study, and focus on improving it.
This practical book is the summary of what I have learned over many years. If you are in my chatroom, you will see that I use the book’s strategies every single day. I hope you learn from it and that it adds value to your day trading career.
Author: Dr. Andrew Aziz
The result is a complete approach to trading that will allow you to trade confidently in a variety of markets and time frames.
Author: Brian Pezim
Author: Dr. Alexander Elder
Although there is discussion about day trading in its pages, this book is more useful for swing traders. There’s excellent tips on risk management, self-control, and clear rules that both day traders and swing traders should follow.
This book also provides the knowledge, perspective, and tools needed for developing your own effective trading system.
Author: Omar Bassal
Omar Bassal is a billion-dollar fund manager in the Middle East who has written an excellent practical book for all of us. Even though it’s been some time since I first read this book, I still go back to it when I need more information for my swing trades.
This is an excellent resource to start with if you believe day trading does not fit with your schedule and personality and you are instead giving some thought to swing trading.
Author: Dr. Brett N. Steenbarger
This is a must-have addition to any trader’s bookshelf. I’ll certainly be recommending it to all of my friends. And I am sure I will read it at least 3 times. For real! This is definitely one of the very few books out there that is worth re-reading every once in a while.
Author: Dr. Brett N. Steenbarger
Mark Douglas passed away in 2015, but his wife continues his work.
Author: Zack Zarr, Ph.D.
In this book, Zack shares his experience of over ten years in Forex Trading. He explains how to start a Forex Trading account, tools to place orders and some basic yet fundamental strategies to trade currencies. He paves the way for a fundamental change in your mindset towards analyzing the charts.
This book is a stepping stone into the journey of Forex Trading. Learning the concepts described in this book prepares you to think in the mind of big institutional traders who never lose money in the market.