I have read many trading booking in the past 5 Years of my trading experience and most of them are based on the same old and similar concepts like Support, Resistance, Candlestick Patterns and Indicators that you might already know.
Based on this experience, I have concluded that there are very few and rare trading books that are actually a game changer. So, I will share 10 Secret Trading Books For Beginners To Become Advanced and upgrade your Trading Career for Sure if Implemented.
1. A Complete Guide to Volume Price Analysis – Anna Coulling
After Learning everything about Technical Analysis and Chart Patterns, I still used to fear before entering into a trade. This was because of the doubt in my mind whether this trade is a genuine breakout or does this breakout have the power to reach my targets? Well, this book explains the basics of Candlesticks along with influence of Volume to provide the cues about where the price could go.
Understanding Volumes is the missing yet critical aspect to read the candlesticks with more efficiency. It will help you understand market sentiment around the price action by looking at changes in the Volume. A better understanding of Volume will also help a trader to align their positions with the Smart Money.
The methods presented in this book can be used as a strategy or as an additional reference for your strategies. If you are really serious about trading then this book is a must read for you.
2. The Mental Game Of Trading – Jared Tendler
Learning the Art of trading involves thousands of trading mistakes which arise from your emotions. This book is one of the most practical book that talks about trading mistakes that people make out there. The greatest strength of this book is that it provides theory, real life examples and concreate action plan based on the given examples.
The Author talks about the real trading mistakes and provides a gives very specific plan for how to deal with them. You will learn to dig through your psychological issues layer by layer and find what is holding you back in your trading Journey.
The most powerful aspect of this book is that you will find steps to resolve your mental barriers that are stopping you from performing at your Peak.
3. Market Wizards: Interviews With Top Traders – Jack D. Schwager
Being able to learn from the experience of already successfull traders is a powerful knowledge. This book shows you the different ways to succeed in the financial markets. The author interviews professional traders who succeded using technical analysis, fundamental analysis, mechanical trading systems and discretionary Trading.
The facts talked about in this book are based on 70s and 80s but the principles discussed are as relevant today as they were back then.
The book contains many gems of wisdom from some of the professional traders. However, this book will not teach you exactly how to trade but it will teach you that there is not only single way out there to become successful in trading but it will shift your mindset to succeed in your Trading for Sure.
4. Master The Markets – Tom Williams
In this book you will learn about price action and deceptions that markets can do to you. This book explains why price move occurs and how to recognize the underlying market forces at work in the financial market.
You will also learn to identify the participation of the large players on the chart and anticipate where the price is most likely to go. I bet that you will have an advantage over the average traders if you learn the concepts shared in this book by author Tom Williams.
5. Wyckoff 2.0 – Ruben Villahermosa
The book begins with the supply and demand concepts and order flows, each of those concepts are then examined at a deeper level until you’ll get a clear understanding of price and volume dynamics.
The book outlines each phase in the accumulation or distribution process, and then gives detailed explanation of why each step occurs, along with what to look out for in different scenarios that actually works.
You will learn the logics of market cycles and usual patterns that appear repeatedly during accumulation and distribution. If you want to truely understand the market structure and how to profit from it, this book will speed up your learning curve without a doubt.
6. Mastering Trading Psychology – Andrew Aziz
What makes you a better traders is not just learning the technical analysis and calculating when to get in and when to exit, its about learning the people psychology in the market. This book will help you with various psychological aspects of trading. You will connect with this book on a personal level, it contains a lot of stories from different traders and its very east to relate to them even as a beginner.
This book doesn’t only help you understand the problems you have with trading but also helps to get actionable ideas to correct those mistakes as well.
The ideas presented in this book will help you keep motivated, focused and most importantly will help you find the path for self mastry. It will help to keep your emotions into check, self-discipline and risk management.
7. Reading Price Charts Bar By Bar – Al Brooks
When I read this book for the first time, I came from a background of indicator based trading, I couldn’t imagine trading without Supertrend and RSI on my chart. This book is one of the few materials that helped me to change the approach towards trading.
This book will help you understand the psychology behind the markets and the rationale behind its moves. This is one of the few books that will actually teach you how to trade by understanding the actions of market participants.
You will learn how to see through price actions to recognize market traps and to capitalize on high quality of opportunities. Moreover, you will learn how indicators reveal what happened, whereas reading price action gives an immediate heads up as to what’s really going on and the psychology behind it.
In short, this book will teach you the language of the Market, so if you are serious about trading then make sure to read this book.
Also Read: Tradetron Keywords Pdf For Algo Trading
8. Trading in the Zone – Mark Douglas
Most traders look for a profitable trading strategy but they forget one think – their mindset. If your mindset is not right, then whatever strategy or system you use, you will end up loosing money. This book will fix this.
The author teaches you how to read the markets from an objective perspective and how conflicting beliefs can get in the way of this.
Reading it will change your perspective of Trading as it talks about your emtional defence mechanism and what attitude is required to avoid the pitfalls that cause 90% of traders to loose money.
9. The Riff Guide To Trading – Steve Ruffley
This book is good for intermediate traders, very concise and to the point. It is not so much about technical aspects although it covers some topics but it covers other aspects like calculating target and entry points.
This book basically teaches you when to trade and when not. The author teaches how to trade using just a few key indicators. The book also have a decent part on risk management and also some practical trading strategies.
10. Best Loser Wins – Tom Hougaard
After reading this book you will realize that trading successfully is more than just technical analysis. This book addresses the most important issues and the final pace of becoming a successfull trader.
The author states the main reason for trading failure is the natural human tendency to add to loosing positions and close winning positions too early. Many traders have knowledge but fail to execute.
The Most important edge that a trader can have is emotional stability and courage. Every trader takes losses, but only a few know how to protect their account, remain detached from the results and take a day off when anger or anxiety are about to interfere with their strategy.
This book covers the emotional war that folds inside your mind when contemplating an entry and when you are in a trade. The author shows you the reality of market, this book is also very important for traders to fix their psychology.
Yes, these books offer insights for traders at various skill levels, including beginners.
While these books provide valuable knowledge, consistent practice and real-world experience are also crucial.
“Trading in the Zone” by Mark Douglas is particularly relevant to day trading.
The recommended books focus on traditional trading markets, but many principles can apply to cryptocurrency trading as well.
You can find these books at local bookstores, libraries, or online retailers. Additionally, consider e-book versions for easy access on sites like Amazon.
Bottom Line
These are the 10 best trading books of all time that hold the key to unlock the advanced trading skills for beginners. From understanding market psychology to mastering technical analysis, these resources offer a wealth of knowledge.
Remember, trading success requires continuous learning and practice. So, dive into these books, absorb the wisdom they offer, and embark on your journey towards becoming a skilled and confident trader. Keep Visiting Trader Singh for more powerful content related to trading and financial markets.
