Choosing the Right Trading books

There are a myriad of trading books available and there are a lot of extremely good ones you can use accelerate your learning. However, the challenge is to identify the few books that will really make a difference in your trading right now.

STOP!!!!!

Before you read any trading books, click here to Discover what I learned reading 150 Trading books

it's quick, free &
improves your trading

Top 10 Lessons From 150 Trading Books

Like any topic, there is a lot of garbage available too - just look in the stock market section of any book store and you will see. The key for all stock traders, futures traders and forex traders is to select the right books which will accelerate your learning and avoid those with vague untested ideas.

I have read over 150 books on trading and skimmed many many more than that...Just like in trading results, 5-10 of those 150 books added the most value by far. Many more than that were total rubbish or even deceptive! 

It is generally possible to find a few good nuggets of information or ideas you can use in most books on trading, but there are a few standout texts that should be included on EVERY trader's bookshelf. These are:


Best Trading Books - Compulsory Reading *****

Title

Author

rating

Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders

Curtis M. Faith
(Video Review Here)

*****

Trade Your Way to Financial Freedom

Van K. Tharp 

*****

Market Wizards, Updated: Interviews With Top Traders

Jack D. Schwager

*****

The New Market Wizards: Conversations with America's Top Traders

Jack D. Schwager

*****

Stock Market Wizards: Interviews with America's Top Stock Traders

Jack D. Schwager

*****

Hedge Fund Market Wizards: How Winning Traders Win

Jack D. Schwager

*****

Trading Systems and Money Management

Thomas Stridsman

*****

Trading Systems That Work: Building and Evaluating Effective Trading Systems

Thomas Stridsman
(Video Review Here)

*****

Super Trader, Expanded Edition: Make Consistent Profits in Good and Bad Markets

Van K. Tharp

*****

The Evaluation and Optimization of Trading Strategies (Wiley Trading) by Pardo, Robert 2nd (second) Edition (2008)

Robert Pardo
(Video Review Here)

*****

The Definitive Guide To Position Sizing

Van Tharp
(Video Review Here)

****

There are trading book reviews which you can link to below. These book reviews highlight whether each should be compulsory reading and the key areas of value you can expect to find in the book.

Is there a great trading book that has really helped or influenced you? Click here to tell us about it...

Trading Book Review Rating Scale:

Our ratings will help you understand how much you should expect from each book listed:

*****
****
***
**
*

Best Trading Books - Compulsory Reading: Should be on EVERY trader's bookshelf
Highly recommended: Well written and very insightful, relevant to most traders
Recommended: Well written with good ideas for selected topics / themes or styles
Ok: Some good ideas in particular areas, but don't start with these books
Marginal: May be some ideas but probably better to look elsewhere

The "Compulsory Reading" books are core reference books that are rich with insights that every trader or aspiring trader should be aware of. If you are new to trading and committed to your learning journey then we suggest you read them all. It may take a while to get through them, but it will be well worth it and your understanding of the trading game will take an amazing leap forward as a result.

We have listed all books by topic, title and author below. The topic grouping is also used throughout our website on the many pages that have links to “Recommended Reading” for books on trading that cover the topic discussed on that page.

We only wish this was available when we commenced our trading journey – it surely would have saved us a huge amount of reading and accelerated our learning curve dramatically.


Books by Title and Author

Mechanical Trading Systems 

Richard L. Weissman 

****

Breaking the black box

Martin J. Pring 

***

Quantitative Trading Strategies

Lars Kestner

****

Way of the turtle

Curtis Faith

*****

The Evaluation and Oprimization of Trading Strategies

Robert Pardo

*****

Trading Systems That Work

Thomas Stridsman

****

The Definitive Guide To Position Sizing

Van Tharp

****


Outstanding Trading Authors: 

There are quite a number of outstanding trading authors. I have listed the ones I consider to be the best below. You can follow the links to check out their books on Amazon. I recommend all of these authors depending on exactly which topic you are looking for.

Van Tharp Curtis Faith Thomas Stridsman Richard Weissman Robert Pardo Martin Pring Ari Kiev Lars Kestner Brett Steenbarger Art Collins Tushar Chande Charles Le Beau Larry Williams Jim Rogers Mark Douglas John Forman Guy Cohen Max Ansbacher Ryan Jones Jack Schwager


 

Is there a great trading book that has really helped you?

Is there one fantastic trading book that has really influenced your approach to trading systems? We would love to publish your story of how your favourite trading book helped you on your path to profitable trading. Share it here!

What Other Visitors Have Said

Click below to see contributions from other visitors to this page...

Licensed To Profit (by Trading in Financial Markets) by Chris Shea, Wrightbooks/Wiley ISBN 9780731406838 
It is written by Chris Shea who is an industrial psychologist and super-trader coach. It is a good 'starter' book and a useful reminder if your trading …

Click here to write your own.


Related Articles:

Main Trading Books Page: Choosing the best trading books

Return to top

Return to Home Page
Looking for something else - Find it on the Sitemap

FOLLOW US: