Here are the Best Trading Books

Here are the Best Trading Books

If I want to be a profitable trader, then I have to model the process used by successful traders.

And the easiest way to do so would be to check out probably the best trading books out there.

So you are most likely wondering:

“But Rayner, there are a huge number of books available. So which are probably the best trading books to read?”

I have got you covered since I have personally read more than 200 trading books, which are my top recommendations.

Now…

For reasons which are obvious that I cannot attach a PDF to these books (or I will get sued till the undies drop) of mine.

So, what you can do is actually go down to your nearest library and borrow these books. Or perhaps, if you want to, you can buy them directly using the links below.

Note: I will make a referral fee if you buy from Amazon, but it comes at no additional cost to you.

So isn’t it time to determine which are actually probably the best trading books of all time?

Then let us dive in.

Best Trading Books for Biographies and interviews If you are looking for war stories and inspiration from successful traders, these trading books are actually what you need.

This guide contains interviews with successful traders, and it has among the most recommended books in the trading business.

Several of the interviews share how a trader who turned $30,000 into eighty dollars million, the hedge fund manager who has averaged thirty % returns every year for the past twenty-one years, and the T bond futures trader who parlayed $25,000 into two dollars billion!

What I like about this particular book

The interview contains legendary traders like Paul Tudor Jones, Richard Dennis, Ed Seykota, etc.

What I do not like about it

There is nothing I could think of.

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Who’s this book for?

I highly recommend this book to anyone interested in trading. Nevertheless, if you are brand new to trading, you might not like this book as it requires a fundamental understanding of technical terms.

The brand new Market Wizards

Who’s this book for?

I highly recommend this book to anyone interested in trading. Nevertheless, if you are brand new to trading, you might not like this book as it requires a fundamental understanding of technical terms.

This’s a follow-up to the earlier Market Wizard book and is actually created in the same format. The sole difference is actually this book focuses on American traders, whereas the earlier book has traders from all around the globe.
Who’s this book for?

See above.

Pit Bull: Lessons from Wall Street’s Champion Day Trader

This guide is an entertaining read.

It shares the ups and downs of Martin Schwartz, who started as a fundamental analyst but could not find success with that tactic.

Next, he moved onto technical analysis in which he’d the breakthrough of his – making $1.8million in his first 2 years of trading.

Ultimately, he became a champion trader whose nerves of steel and killer instinct earned him the well-deserved name “Pit Bull.”

What I like about this particular book

This book is actually entertaining to read, and you will get a couple of laughs along the way.

What I do not like about it

There is nothing I could think of.

Who’s this book for?

When you are looking for a good trading story, then this guide is perfect for you as it is not hard to read and really compelling. But in case you are looking for specific trading strategies and techniques, then this book is not for you since it is much more of a biography when compared to a how-to book.

Reminiscences of a Stock Operator

If you ask a successful trader, which is actually the one book he will recommend, chances are actually, the Reminiscences of a stock operator will appear numerous times over. That is just how great it’s.

So, what is this book about?

Well, this’s a biography of Jesse Livermore, perhaps the most famous trader of all time, on just how he speculated the financial markets.

He started trading at an age, and as he developed as a trader, you will find out how his trading style evolved.

This’s a really entertaining read as you will find out how Jesse Livermore made and lost millions along the way – and was even bankrupt a few times over.

The very best part?

As you read this book repeatedly, you will learn new stuff that did not occur to you before (well, at least that is just how I felt).

What I like about this particular book

I can relate to the experience of Jesse Livermore, as it is something many traders will go through. And the trading lessons you will learn are actually timeless and would make sense for most traders.

What I do not like about it

I took some time to finish reading through the first time as several technical terms were hard to understand at the start (especially for new traders).

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Who’s this book for?

When you are looking for a good trading story containing trading wisdom, this’s a book to read. But in case you are looking for specific trading strategies and techniques, then this book is not for you since it is much more of a biography when compared to a how-to book.

Best Trading Books for Stocks If you are a trader who wants to find the next monster stock, you have to look at these stock trading books.

How you can Make Money in Stocks: A Winning System in Times that are Good and Bad

William J. O’Neil is actually among probably the greatest stock traders of the time of ours, achieving a return of 5000 % over a twenty-five-year period.

He uses a trading strategy called the CANSLIM method, which combines both fundamental and technical analysis that is included in this specific book.

What I like about this particular book

The CANSLIM system is pretty simple to understand, even for those with little fundamental analysis background.

What I do not like about it

As you read the book, you will get a soft sell to subscribe to the investor’s daily business service. Furthermore, the charts presented are hard and relatively small to see.

Who’s this book for?

When you would like to find out how you can trade stocks using both fundamental and technical analysis, this guide is perfect. But in case you are not trading stocks, then this guide will not help a lot since the basic elements of it are actually different.

Trade Like a Stock Market Wizard: How you can Achieve Super Performance in Stocks in Any Market

Mark Minervini is actually a stock Market Wizard and a U.S. Investing Champion.

This book reveals his proven, time-tested trading system he used to achieve triple-digit returns for 5 consecutive years, averaging 220 % per year for a 33,500 % compounded total return.

He uses a similar trading approach to the CANSLIM system, which combines both fundamental and technical analysis.

What I like about this particular book

A straightforward approach explaining what he looks for when he is trading stocks.

What I do not like about it

There is nothing I could think of. But more trading examples would be nice.

Who’s this book for?

When you would like to find out how you can trade stocks using both fundamental and technical analysis, this guide is perfect. But in case you are not trading stocks, then this guide will not help a lot since the basic elements of it are actually different.

Stocks on the Move: Beating the Market with Hedge Fund Momentum Strategies

Typically, the stock market returns five-six % a year. But for that type of return, you have to swallow the occasional drawdown of fifty % or even more.

Anyway, is there a much better way to trade with lower risk and increased returns?

You bet.

Because in this book, Andreas Clenow will show you exactly how to do it step by step, explaining the full details of his momentum trading strategy.

What I like about this particular book

I respect Andreas Clenow’s work because he used statistical evidence and backtested results to back up the claims, which is rare in this industry.

What I do not like about it

It is often a bit overwhelming for people who have no prior knowledge of statistics.

Who’s this book for?

This’s for traders who would like to read more about systematic stock trading. But in case you do not trade stocks, then this book is not pertinent to you.

Best Trading Books for Trend Following Trend Following is actually one of my trading methodologies since it is a strategy that can scale even in case you have a hundred dollars million-dollar trading account.

If you would like to read more, then these Trend Following books are actually a must-read…

The Ultimate Guide to Trend Following (Free)