I personally trade stocks very rarely and try not to advise my readers to trade. But those who can afford to trade, that is taking on more risk, can do well by reading about the trading first before venturing into the field. it’s always better to do your homework before you start stock trading
There are a lot of stock trading books out there which could already equip you with all the things you need to know about the stock market and the career in itself. In this article, we highlighted the top six books on stock trading that every successful trader has already read – and you should, too!
6 Books About Stock Trading You Should Read
What Works on Wall Street Author: James O’Shaunessey
This book, which is a consistent bestseller, explores the best investment strategies that already proved to provide the best returns in the past fifty years. This has been used by the top performers of the stock market today. O’Shaunessey has released the third edition to this New York Times and BusinessWeek bestseller and it contains more than fifty percent new material. The updated version is designed to help investors and stock traders reshape their investment strategies and techniques for both the dramatically changed political landscape and the post-bubble market.
Packed with the all-new analyses to charts, data, and tables, this updated classic will let you compare for yourself the different stock picking strategies along with its results. The aim to this is to give you a better comprehension of the intricate and extremely confusing investing process. The book also examines:
*Value vs Growth strategies *P/E ratios vs price-to-sales *Seasonality, small-cap investing, and more
The Disciplined TraderAuthor: Mark Douglas
The Disciplined Trader addresses the psychological nature of how reputable traders think. The book, which is a classic, has been published in 1990 and it brings the readers a way to form unique and practical solutions on how to change any limiting mindset they may not know they possess. You will be taken through a step by step process in this book on how to successfully break through the hurdles.
Beating the Street Author: Peter Lynch with John Rothchild
Peter Lynch, a legendary money manager, explains in his book his very own strategies in investing. He also offers advice on how you could better pick mutual funds and stocks which could very well assemble an excellent and successful investment portfolio.
As what Peter Lynch says, the key to investing is to always remember that stocks are definitely not lottery tickets. There is a company behind each stock and there is a reason why companies and their stocks perform the way they’re currently doing. In the book, you will get tips on how to become an expert in assessing the future of companies. The content of the book is based on Lynch’s experience on stock trading as well as his insights and straightforward DIY research.
The Warren Buffett Way Author: Robert Hagstrom
If you do not know already, Warren Buffet is the most celebrated and famous investor of our generation. He is also one of the most admired businessmen of all time. A self-made billionaire, he looks at companies as individual businesses just like Peter Lynch, rather than looking at the prices on stock screens.
The book has two editions that give investors their first look at the innovative business and investment strategies behind Warren Buffet’s spectacular success. The next editions are the updates on the latest investments of Buffet. The best thing about the newer editions is that it contains how you, as an investor, can overcome the many common obstacles that may prevent you from investing in him.
Trading for a LivingAuthor: Alexander Elder
Alexander Elder explores in his book the crucial factors within the market that are often overlooked by experts which are volume, open interest and time. He also included descriptions on the little-known indicators where you can profitably track them. Trading for a Living covers all of the most popular technical approaches to options, the stock markets and futures including the Elliott Wave, moving averages, oscillators, point-and-figure charting and the Market Logic. He also made sure to include the most common ways traders sabotage their own investments as well as on how to make sure you avoid committing the same mistakes!
24 Essential Lessons for Investment Success Author: William O’Neil
This book that contains two dozens of lessons that investors need to learn from is actually a Wall Street Journal, BusinessWeek, USA Today Business and New York Times Bestseller!
The book has been based upon the editorial, 26 Weeks to Investment Success, which has appeared on Investor’s Business Daily. Both the old and new versions provide timeless advice and investing nuggets on how to buy high and sell higher to make millions in mutual funds.