Hey there! If you've been reading my reviews and wondering how I make a living, well, I've got a little secret to share with you. RecentlyRated is reader supported. That means that if you click on a link and make a purchase, I may receive a small commission at no extra cost to you. How do I know which products to recommend? Simple - I only recommend products most liked by consumers. That way, I can be sure that you're getting the best possible product for your needs. So go ahead and click away - your perfect product is just a few clicks away! Thanks for supporting RecentlyRated!
If you're looking to become a successful day trader, there's no better way to learn the ropes than by reading some of the best trading books out there. From a beginner's guide to books that teach in-depth technical analysis, there is something for every level of trader on our list. Day trading can be a lucrative and exciting way to make money, but it's also risky. That's why it's important to get all the education and information you can before you start. Learn the basics, learn the technical analysis, evaluate your trade ideas and in time, you will be a stock market wizard.
The best day trading books will teach you everything you need to know about the financial markets, including how to read charts, identify trends, place trades, trading methods, and manage risk. With this knowledge, you'll be able to start making money right away and eventually become one of the many successful traders.
There are many different books on the stock market, so it's important to choose one that's right for you. If you're a beginner, look for a book that covers the basics of day trading and how to evaluate the options and stock market. For more experienced traders, some books focus on more advanced strategies. No matter what your level of experience, there's a day trading book out there that can help you make money.
Don't wait any longer to get started in day trading. Pick up one of the best day trading books today and start learning how to make money in the markets.
Top 13 Best Trading Books
Day trading is a form of active investing that aims to take advantage of short-term price movements in stocks, trading futures, and other securities. It can be very profitable if done correctly, but it's also a high-risk investment strategy.
If you're thinking about day trading or just getting started, you must educate yourself on the risks and rewards involved. One of the best ways to do that is by reading books on day trading online.
There are a lot of different books on day trading online out there, and it can be tough to know which ones are worth your time. So, I've put together a list of the best day trading stocks books for you to check out. I have also include some traditional trading books that are important reads for rounding off your investing education and will aid you in becoming a successful day trader.
Day Trading and Swing Trading the Currency Market
"Day Trading and Swing Trading the Currency Market gives forex traders the strategies and skills they need to approach this highly competitive arena on an equal footing with major institutions."
1. Day Trading and Swing Trading the Currency Market
If you want to trade the currency markets on an equal footing with the big banks and institutions, then you need Day Trading and Swing Trading the Currency Market. This invaluable guide provides everything you need to know about the forex markets, including the latest statistics, data, and analysis of recent events.
You'll learn how the interbank currency markets work, and how to borrow strategies from the biggest players to profit from trends. Clear and comprehensive, this book describes the technical and fundamental strategies that allow individual traders to compete with bank traders and gives you comprehensive explanations of phenomena like interest rate differentials, intermarket relationships, and central bank intervention.
Whether you're new to forex trading or looking to take your skills to the next level, Day Trading, and Swing Trading the Currency Market is essential reading.
The New Trading for a Living
"The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader."
2. The New Trading for a Living
"The best-selling trading book of all time—updated for the new era. Alexander Elder, a well-known trader, and author writes this book. In it, he shares his approach to trading stocks and futures markets.
He covers topics like risk management, technical analysis trade planning, and psychology in depth, making this book ideal for beginner and intermediate traders.
Trading Psychology 2.0
"Trading Psychology 2.0 is a comprehensive guide to applying the science of psychology to the art of trading. Veteran trading psychologist and bestselling author Brett Steenbarger offers critical advice and proven techniques to help interested traders better understand the markets, with practical takeaways that can be implemented immediately."
3. Trading Psychology 2.0
Trading Psychology 2.0 is the comprehensive guide to applying the science of psychology to the art of trading, written by veteran trading psychologist and bestselling author Brett Steenbarger.
In this book, readers will find critical advice and proven techniques to help them better understand the markets, with practical takeaways that can be implemented immediately. Academic research is presented in an accessible, understandable, engaging way that makes it relevant for practical traders, and examples, illustrations, and case studies bring the ideas and techniques to life.
Interactive features keep readers engaged and involved, including a blog offering ever-expanding content, and a Twitter feed for quick tips. Contributions from market bloggers, authors, and experts bring fresh perspectives to the topic.
The Daily Trading Coach
"There are 101 lessons in The Daily Trading Coach, each averaging several pages in length. Each lesson follows the same general format: identifying an everyday challenge that traders face, an approach to meeting that challenge, and a specific suggestion for implementing that approach."
4. The Daily Trading Coach
Every trader is an entrepreneur. And just as a new business must capitalize upon the strengths of its founders, a career in the markets crucially hinges upon the assets - personal and monetary - of the trader. As an active trader and a coach of traders in hedge funds, proprietary trading groups, and investment bank settings, author Brett Steenbarger has helped others see the personal assets they have possessed all along: those that can pay a lifetime of dividends.
In The Daily Trading Coach, Steenbarger provides the tools to help you prioritize both your trading goals and your life - and become your own trading psychologist. This is not your typical "how to get rich quick" book. It is a practical guide that will help you assess your strengths and weaknesses, set realistic goals, create a workable trading plan, and much more. If you are serious about making a success of your trading career, The Daily Trading Coach should be mandatory reading.
The Little Book of Currency
"Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market."
5. The Little Book of Currency Trading
With The Little Book of Currency Trading, forex expert Kathy Lien reveals how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends. She also details practical products that can help you achieve success, such as currency-based ETFs.
The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this arena. It explains the forces that drive currencies and provides strategies to profit from them. It also reveals how you can use various currencies to reduce risk and take advantage of global trends. And it examines financial vehicles that can help you make money without having to monitor the market every day. With this book as your guide, you'll be equipped to make smart, informed decisions about currency trading and investing.
How to Day Trade for a Living
"In the book, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. I've kept the book short so you can actually finish reading it and not get bored by the middle."
6. How to Day Trade for a Living
If you want to learn how to day trade for a living, this is the audiobook for you. In it, I describe the fundamentals of trading, explain how it differs from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. I've kept the audiobook short so you can finish listening to it, and not get bored by the middle. For beginner traders, this audiobook gives you an understanding of where to start, how to start, and what to expect from day trading. If you're serious about making a living as a day trader, this is essential listening.
Day Trading for Dummies
"Day Trading For Dummies provides anyone interested in this quick-action trading with the information they need to get started and maintain their assets. From classic and renegade strategies to the nitty-gritty of daily trading practices, this book gives you the knowledge and confidence you'll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions."
7. Day Trading for Dummies
Are you interested in learning how to day trade? With the economy ever-changing and new tax laws in place, day trading can be a great way to make money. However, it can also be very intimidating for beginners. That's where Day Trading for Dummies comes in.
This book provides anyone interested in day trading with the information they need to get started and maintain their assets. From classic and renegade strategies to the nitty-gritty of daily trading practices, this book gives you the knowledge and confidence you need to make decisions instantly and manage risk effectively.
In addition, Day Trading for Dummies includes updated information on SEC rules and regulations, as well as new tax laws. You'll also learn about exciting new trading products, such as cryptocurrencies. So whether you're a beginner or a seasoned pro, this book has something for you.
Start Day Trading Now
"In this entry-level guide to day trading, financial journalist Michael Sincere assumes you know nothing. Zip. Zero. Most important, Sincere lets you in on the biggest secret of all: that controlling emotions and money is the key to being a successful trader."
8. Start Day Trading Now
Start Day Trading Now is a great primer on day trading basics. It covers topics such as choosing the right broker and setting up your trading account, technical analysis, understanding indicators, and chart patterns and developing trading tools. It also includes real-world examples of how to apply these concepts in actual trading methods.
Market Wizards
"In Market Wizards Schwager lets you hear, in their own words, what those super-traders had to say about their unprecedented successes, and he distils their responses down into a set of guiding principles you can use to become a trading star in your own right."
9. Market Wizards
This book is written by Jack D. Schwager, and it focuses on interviews with some of the world's most successful traders. In it, they share their insights, strategies, and approaches to trading. This book is a must-read for traders who want to improve their skills.
The Intelligent Investor
"Graham's philosophy of "value investing"—which shields investors from substantial error and teaches them to develop long-term strategies—has made The Intelligent Investor the stock market bible ever since its original publication in 1949."
10. The Intelligent Investor
The Intelligent Investor by Benjamin Graham is one of the most important books on investing ever written. First published in 1949, it has served as a Bible for generations of investors looking to achieve long-term success in the stock market.
In this revised edition, Jason Zweig brings Graham's timeless wisdom up to date for today's investors. Zweig's commentary incorporates the realities of today's market and draws parallels between Graham's examples and today's financial headlines.
The Intelligent Investor is essential reading for anyone looking to build wealth in the stock market. It is a timeless classic that will continue to guide and inspire investors for generations to come.
One Up On Wall Street
"America’s most successful money manager tells how average investors can beat the pros by using what they know."
11. One Up On Wall Street
In "One Up On Wall Street," America's most successful money manager, Peter Lynch, shares his secrets for average investors to beat the pros by using what they know. He shows how opportunities are everywhere, and that by paying attention to the best products and services, we can find companies in which to invest before the professional analysts discover them.
Lynch also explains how a few "tenbaggers" - stocks that appreciate tenfold from the initial investment - can turn an average stock portfolio into a star performer. This is essential reading for anyone who wants to make smart investment decisions and achieve financial success.
12. The Warren Buffett Way
The Warren Buffett Way by Robert G. Hagstrom is another great investment book. Hagstrom looks at Buffett's investment strategy and breaks it down into easy-to-follow steps that anyone can use. This book is essential for anyone looking to learn from one of the most successful investors.
The Essays of Warren Buffett
"The fifth edition of The Essays of Warren Buffett: Lessons for Corporate America continues a 25-year tradition of collating Warren Buffett's philosophy in a historic collaboration between Mr. Buffett and Prof. Lawrence Cunningham."
13. The Essays of Warren Buffett
The Essays of Warren Buffett by Warren Buffett is a compilation of Buffett's thoughts on investing, business, and life. This book provides an in-depth look at Buffett's philosophy and offers valuable insights into the mind of one of the greatest investors of all time.
FAQs:
What should I look for in a day trading book?
When choosing a day trading book, it is important to consider the author's qualifications and experience. The book should also be geared towards beginners and cover market analysis, money management, technical analysis, trading psychology, and order types.
How will a day trading book help me become a successful trader?
A good day trading book will provide you with a solid foundation in the basics of day trading. It will also teach you how to identify opportunities, manage risk, and how to be a disciplined trader. You will be better equipped to become a successful trader with this knowledge.
Are there any specific day trading books that I should avoid?
There is no one "right" or "wrong" answer when it comes to choosing a day trading book. However, it is important to research before purchasing any book and ensure that the author has experience in day trading.
What are some other resources that can help me learn about day trading?
In addition to reading day trading books, you can find helpful information on websites such as Investopedia and NASDAQ. You can also attend free or paid seminars hosted by professional traders or watch online tutorials to get started in the world of day trading.
What are some tips for beginner day traders?
Assuming you're referring to tips for beginner investors who want to trade stocks, here are a few things to keep in mind:
1. Start small and learn as you go. When you're first starting, don't try to trade lots of different stock markets or make complex moves. Just pick one or two stocks you feel good about and focus on learning how to trade them effectively. As you grow more confident, you can start adding more stocks to your portfolio.
2. Don't let emotions get in the way. It can be easy to get caught up in the excitement of making a successful trade or the disappointment of losing money on a bad one. But it's important to keep your emotions in check and trade based on logic and reason.
What are some other resources that can help me learn about day trading?
In addition to reading day trading books, you can find helpful information on websites such as Investopedia and NASDAQ. You can also attend free or paid seminars hosted by professional traders who teach technical analysis or watch online tutorials to get started in the world of day trading.
Another helpful resource for beginner day traders is online forums, chat rooms, and websites where you can learn about different strategies and get tips from more experienced traders. You can also find useful information by attending free or paid seminars hosted by professional traders or watching online tutorials.
Finally, keeping up with current events and reading financial markets news can also give you insights into the markets and help you make more informed decisions when trading.
Conclusion:
If you're looking for a new challenge and want to start day trading, you'll need to learn the fundamentals of normal stock trading, how to read the stock market, and then read one of the many day trading books. It can be profitable to day trade if done correctly, but it's important to learn from those who have made mistakes to succeed in this field.
Learn the fundamentals, the technical analysis, and the trading psychology. Develop or borrow a powerful day trading strategy. We've put together a list of the best day trading books to teach you everything you need to know about this type of investing.
Each book on our list offers its unique perspective on day trading strategies, giving you plenty of options to choose from. Whether you're just starting or are looking for more advanced strategies, there's something for everyone on this list. So what are you waiting for? Start reading and learning today!
Do you have any favorite day trading books? Let us know in the comments below. And be sure to check out our other blog posts for more great resources on day trading!
