The Best 22 Stock Trading Books You Should Read

22. Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting-Edge Psychology

Title: Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting-Edge Psychology
Author:


Gary Dayton
Founder of Trading Psychology Edge
Date Published:2014
Rating:4.6 out of 5
Best For:Intermediates and Advanced
Pros:Well written and thorough. Great topic and easy to understand. This book helps to make sense of the entire trading process as seen through our emotions, and teaches how to accept your emotions for the fleeting things that they are, but not get trapped by them. The book brings a lot together very delicately and with great deliberation, well planned chapters, clear approach and honest excerpts for the works of other experts from different fields. Plenty of information and examples as well as practical exercises. This book is easy to read, it is practical with a lot of exercises. He does present also practical ways to improve your psychology by journaling, meditation, and changing the thinking pattern. He provided many examples of psychological issues only traders will identify. A detailed analysis of trading psychology and the biases and pitfalls that can hamper results.
Cons:It’s very dry, boring, and repetitive. All explanations are excellent and bullseye; however there is a problem: they are all based on hindsight. He never explains how to trade at the right most bar of the chart. The start of the book is quite interesting, describing some of the common fallacies, but then it gets too long, too repetitive and too verbose. The content to be all-too-repetitive and sometimes the author would go into long and incoherent rambles just to explain something very simple. Mr. Gary Dayton, should show his Data with winner and losers trades. The book could be much more compact and practical and there’s just too much content.

21. Hedge Fund Market Wizards: How Winning Traders Win

Title: Hedge Fund Market Wizards: How Winning Traders Win
Author:


Jack D. Schwager
Partner and Cofounder of FundSeeder.com
Date Published:2012
Rating:4.8 out of 5
Best For:Intermediates and Advanced
Pros:It’s an informative book on how the professionals with hedge funds invest money. This is very detailed, and good if you’re a professional trader. The author is able to zero in on what’s important in their investing execution, explaining such strategies like TED spreads, and why investors prefer puts or long calls over straight shorting. A great book and easy to read that presents the how-to’s of many successful hedge fund managers and traders, while at the same time having a novel feel to it. The book is well written and summarises the very trading experience of top traders around the world. Schwager is very knowledgeable, and he is able to communicate excellent information in a simple way. This book is full of valuable insights. The layout is very logical and flows nicely. The book allows you to hear how the best hedge fund managers manage their funds; is like talking to them at your own convenience.
Cons:It does not teach any useful method of how to make money in stock market. The content of the interviews will not help trading. One negative is author lets his son participate in one interview and it doesn’t look good. A lot of the techniques, stories, and trading strategies are very complex though. This book is more contemporary but there weren’t any aha moments like Jack’s two other wizard books. Interesting interviews but not very practical though unless you’re starting a hedge fund and trading your fund. This book is not very practical for retail investors because of the complexity of most of the methods involved, but is helpful in showing the intricacies of the market and more importantly, the mindsets of the most successful hedge fund managers. For the most part you should have at least a solid high-level understanding of options trading strategies for this book to be valuable. It has some good interviews but some of that felt didn’t fit for this book.

20. The Candlestick Trading Bible

Title: The Candlestick Trading Bible
Author:Sanyog Raut
Date Published:2020
Rating:4.7 out of 5
Best For:Beginners
Pros:This book was on point in every aspect which made it easy to understand and digest as if I wasn’t reading but having a conversation with someone knowledgeable in the matter at hand. The book was consistent and pushed for the same methods throughout.  The author has a good way of explaining the strategy. It is information you can find online but it is explained better. Very effective and easy to understand. Very good breakdown of the strategies. Each section was clearly explained and the examples helped visualize everything. This is an incredible book to help a novice get s better understanding of candlesticks & how to trade based off of that. He used simple examples to explain different patterns. The materials is very clear, with well organized strategies. This book is very beginner friendly.  
Cons:Quick and easy reading but missing more examples, or in another word: missing some tough situations.  Simplistic info. Many charts are missing. It would have been nice if the author would have given examples on how to start setting up for the trade on what is RSI and how to use it, what is MACD and how to use it? And where to start looking at the trend, where does it starts and where does it meet another point at the highest highs and lower lows.

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

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


Martin Schwartz
Date Published:1999
Rating:4.5 out of 5
Best For:Beginner, Intermediates and Advanced
Pros:He has some common sense trading advice mixed with some entertaining stories from back in the day. “Pit Bull” is fun, instructional, and easy to read.  It is a great story and includes a few very good tactics as well. A lot of good “trader info” both general and specific. A bit of helpful info at the end. Very easy to read and with good humoured parts. It was well written and broken up into small chapters. The author effectively conveys the emotions and errors that all traders go through at one time or another. Through the story, you pick up insights on trading, market makers and commodities. This is a very well written, highly entertaining account of the author’s life as centered around his trading career.
Cons:No real inside information on trading. There are some interesting general thoughts and statements, but most of the book it an practice from old trading world. Title is completely misleading, there are no real lessons here, just the same old sayings that have been used over and over. The author is not giving away his trading secrets. A lot of talk about trading methods that worked 25 years ago, before direct trade placement and computers. Many details about daily life, hardly any about trading. This is a well written and fun book, but it’s a little too meandering to add a lot of value to traders. The author takes quite some time to get to the point. Entertaining but short on helpful tips for traders. Marty Schwartz shows how he became a huge winner, he constantly brags about how well he has done, and that may become annoying. Little to be learned in terms of real trading in Wall Street.

18. The Wyckoff Methodology in Depth (Trading and Investing Course: Advanced Technical Analysis)

Title: The Wyckoff Methodology in Depth (Trading and Investing Course: Advanced Technical Analysis)
Author:
Rubén Villahermosa
Date Published:2019
Rating:4.4 out of 5
Best For:Advanced
Pros:The book is well written and clear. The author’s level of detail for entries and exit is refreshingly granular/detailed. The author did a great job of summarizing the difficult Wyckoff material and succeeded in putting it in a more easily digestible and understandable format. Its laid out in a very simple way and very easy read. Explained in detail and easy to read.. stock charts became easier to analyze and trades to plan and examples come very handy. It’s very useful for analyzing markets and stocks. The author does a fantastic job of illustrating what portions of Wyckoff theory applies to market actions and what is taking place by the large operators to influence the markets to get what they want. Very succinct breakdown of many of Wyckoffs techniques. This book is much more informative, clear, and learnable- the concepts are presented in much more full well so you can understand the whole picture better.
Cons:There is no new information this book contains that isn’t already available on the internet. The contents are very basic, there is no real theory or methodology behind.  There is no information about the author, how he developed his expertise in the topic or why we should trust what he says. The author presents none of his stats, trading history or even a basic account summary to suggest he actually knows how to make money trading. Extremely boring, nothing to do with Wykoff method. The information in the book is very scant, doesnt really give you “in depth” knowledge about the Wyckoff method.

17. Getting Started in Technical Analysis

Title: Getting Started in Technical Analysis
Author:


Jack D. Schwager
Partner and Cofounder of FundSeeder.com
Date Published:1999
Rating:4.5 out of 5
Best For:Beginners and Intermediates
Pros:This book is well written and you get the terminology and basic understanding of the topic presented. Simple and easy to understand teaches the basics about technical analysis. Easy read for charting, patterns and technicals. He covers, among other things, the validity of technical analysis, chart principles and patterns, trendline construction, trade management, and failed signals (“the most important rule in chart analysis”), with enough humor to pleasantly surprise you from time to time. The book is filled with examples illustrating each concept or idea. The book is very easy to read but does not lack important knowledge and conciseness. It presents a lot of concepts with graphs and examples and makes them easy to understand. 
Cons:The text is very wordy and boring. A more simple, clear and concise writing style is needed for an introductory book. It’s wording it’s too technical for the beginner and too shallow for the experienced. Some of the concepts weren’t thoroughly explained. He doesn’t do a very good job explaning the charts either. Much too advanced for beginners. None of the topics discussed is covered in depthnone of the topics discussed is covered in depth. The book would be easier to follow if the charts were on the same page as their related commentary.

16. The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management

Title: The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management
Author:
Alexander Elder
Date Published:2014
Rating:4.7 out of 5
Best For:Beginners and Intermediates
Pros:Easy to read, easy to understand and not overly technical. No matter your level of investment expertise the principles presented make sense. Well organized, detailed and difficult concepts are well explained.  Good concepts, and great explanations of different indicators and tools. It is a very well written and organized book. This book covers a lot of basic concepts and aspects of trading. This book provides plenty of charts, real life examples, walks you through the decision making process, and deals very well with practical details of trading and money management. The book, although a little bit long, is very easy to read and to follow as the author illustrates several points with real charts and annotations. Well written, detailed and practical. 
Cons:The author uses too much repetition all throughout the book and most importantly misses on telling the audience how to prepare in ACTUAL detail and act (buy, stand aside, or sell) while the market is open. Too wordy and very outdated. There’s a lot of fluff by way of repetition. The author reiterates many of the same points many many times. All the coverages are just too shallow for experienced traders.

15. Price Action Trading Secrets: Trading Strategies, Tools, and Techniques to Help You Become a Consistently Profitable Trader

Title: Price Action Trading Secrets: Trading Strategies, Tools, and Techniques to Help You Become a Consistently Profitable Trader
Author:


Rayner Teo
Founder of TradingwithRayner
Date Published:2021
Rating:4.6 out of 5
Best For:Beginners
Pros:Short, simple, well written, easy to read and easy to follow. There are plenty of examples for the concepts discussed which aid in even deeper understanding. Great book for beginner in simple language. This book gives you the basics of Price Action Trading so that you’re not absolutely lost when you first start out. It’s a little short, but that’s because it’s concise. Clear, concise, insightful and actionable with plenty of chart examples to lock in the concepts being taught. No fluff or get rich nonsense. Very pragmatic. He does a great job of simply going through the basic concepts in a way that’s easy to learn, understand, and apply. 
Cons:Just general very basic trading knowledge. The book is very short and very little information. There’s nothing new here, the same repetitive parroting quotes and ideas that you may have watched in ten minutes video over YouTube. Absolutely no secrets, just basic trading ideas and strategies found in other books and on the internet. The book never mentions volume, you simply cannot have a proper discussion of price action without referring to volume. Concepts are simple and well explained but there should have been more about price action trading in this book like, trend and chart patterns

14. You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

Title: You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
Author:


Joel Greenblatt
Founder and Managing Partner of Gotham Capital
Date Published:1999
Rating:4.4 out of 5
Best For:Beginners and Intermediate
Pros:Good practical examples. It’s chapters are well-laid out. They appeared sequential in tackling their issues; and very thorough in explaining how and why choosing a particular line of investment should be evaluated. Straightforward with some pretty dry humor injected to keep you going. Pretty easy read. Not too technical but enough detail to give you some really good ideas when looking for investing ideas. The author explains different topics with case studies. Explains very well often overlooked investment opportunities. Greenblatt provides a lot of insight into spin offs and other investment opportunities. The book is nice. Well written. Sarcastic and funny. The author was able to be engaging and funny while informing the reader on topics usually reserved strictly for students of the market. Great real life examples made the theories presented concrete and obtainable by the general public. 
Cons:It’s a very novice book. The book majorly consists of basic bits and pieces of markets and the author personal decisions in those scenarios. What this book does not do is get into is the basics of how to dissect a corporate balance sheet, income statement, and statement of cash flows. Also, this book does not talk about how to analyze particular financial ratios (Price-to-Book, Price-to-Earnings, etc.) as a way to make sense of the world. The author could not supply more numbers to validate his sayings. The focus here is not on a general investment strategy but on very special cases like arbitrage, spinoffs, bankrupcies etc. The other cases are very complex and therefore risky if you do not understand all the details. The historical examples with value calculation are very difficult to follow. Somewhat dated information but to be expected from a classic.

13. How to Day Trade: A Detailed Guide to Day Trading Strategies, Risk Management, and Trader Psychology

Title: How to Day Trade: A Detailed Guide to Day Trading Strategies, Risk Management, and Trader Psychology
Author:


Ross Cameron
Owner of Warrior Trading
Date Published:2015
Rating:4.5 out of 5
Best For:Beginners
Pros:He provides pertinent information, excellent charts, and descriptive, easy to understand text.  Covers all the bases, is written very well, and covers patterns. Nice charts that complemented his explanation. This book is very straightforward. A very solid and in depth look at the business of day trading. Very well written, informative and yet easy to understand. Ross goes into detail with his method of which stocks to pick in the morning and how to trade them.  Easy instructions, very informatable, teachings by a professional trader as well as author. The author shares the step by step understandable guide with a very clear emphasis on the risks of the day trading and what is very very important – rules how to manage it.
Cons:The pictures and graphics are good but they are often not on the same page and the paragraph that is talking about them. You usually will end up seeing a graphic on the left page for what was on the previous page, while the right page talks about something else which has it’s graphic on the page after that. The information in here isn’t wrong, but it’s not detailed either. The book has good information, however it assumes that you already know all the basic terms related to day trading. Author is quite repetitive. Jargon isn’t explained, and although it has lots of pretty pictures of mind boggling charts, it doesn’t offer much detailed explanation of what they all mean. Good as a basic overview but doesn’t provide much depth in terms of strategies.

12. Unknown Market Wizards: The best traders you’ve never heard of

Title: Unknown Market Wizards: The best traders you’ve never heard of
Author:


Jack D. Schwager
Partner and Cofounder of FundSeeder.com
Date Published:2020
Rating:4.6 out of 5
Best For:Beginners, Intermediates, and Advanced
Pros:The book gave a variety of trading styles and some good points in a number of the interviews. This book does a great job of diving deep into each traders methodology and what makes them great. Well-written interviews that keep you reading and interesting insights that provide lesson. Entertaining, informative and lots of good methods for trading. A plethora of great advice and timeless lessons for anyone interested in trading. There are many new interesting types of traders in this book showing more modern ways to approach the markets. The book gives detailed account of traders who have consistently made 3 figure return on a CAGR basis for atleast a decade.
Cons:The author’s obligatory digs at Trump and his supporters whenever he sees an opportunity, the political opinions were random and unnecessary. Each participant was lionized for performance, but little detail on the daily nuts/bolts of specific trades. The magic of these stories kind fade away as it becomes a bit repetitive. The interviews lack substance. Some of these interviews are really all over the place. Lots of filler in the book.

11. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

Title: Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
Author:


John J. Murphy
Date Published:1999
Rating:4.7 out of 5
Best For:Beginners, Intermediates, and Advanced
Pros:There is an extensive review of more reliable and quantitative techniques, such as moving averages, oscillators, Boillinger Bands, etc. Murphy does have an accessible writing style and makes a dry topic interesting.  This easy reading book does a very good job of outlining well-known technical analysis techniques. On the upside it provides excellent coverage of charts, trends, reversal patterns, continuation patterns and moving averages. The book is very well written and easy to follow. This book covers a significant amount of vital areas of stock market technical analysis. The author has presented a wide range of topics such as dow theory, chart patterns, candle patterns, moving averages and various indicators, Elliot wave and cycle theory, relative strength, market breadth, and inter-market linkage. The author even managed to present the basic ideas of the trading system. It’s laid out cleanly and is easy to understand. 
Cons:It has some good basic general lessons but I feel it’s a quick rush-through by the author. The explanation for all technical analysis tools listed in this book is pretty general. A major drawback is the charts. They are not like modern interactive charts that have time and price axis and candlesticks , it is too plain. The book is a basic introduction to various aspects of technical analysis. No area goes into any great depth. Though the book should help you identify a chart pattern as it is forming, it does not give you any indication of the probability of completing its pattern. Does not go into depth and cant be transformed into practical use. A lot of items are covered, but the majority of them seem to receive only basics explanations. Expected more detail and examples. The coverage of indicators and money management was skimpy. On the downside, it was often unclear as to whether his writing applied to individual stocks or to stock markets only

10. Market Wizards: Interviews with Top Traders

Title: Market Wizards: Interviews with Top Traders
Author:


Jack D. Schwager
Partner and Cofounder of FundSeeder.com
Date Published:2012
Rating:4.7 out of 5
Best For:Beginners, Intermediates, and Advanced
Pros:Interesting if you care about the history of technical trading in modern markets. There are many pearls of wisdom in this book, like risk management, money management, losing being part of the game, the driving desire to become a successful trader, having confidence, taking trading very seriously, etc, etc. Jack Schwager is informtive and entertaining, as always. This book examines a side of trading rarely addressed: the human side. A wide variety of personalities and trading methods are represented; whether you scalp the e-minis on Globex or leisurely trade stocks on the NYSE, you will find something of value. Shows you the backgrounds, insights, and methods behind some of the greatest records ever. The interviews are in depth with countless anecdotes and tips that will benefit new traders and traders that have some experience.
Cons:Most of the interviews thus far are really dated.  Stories are too old. Most of the interviews are conducted in 80s or 90s. The stock market has changed a lot since then. Too many stories on futures trading in the beginning. Too many words on the personal history of the interviewee. The advice is too general. While there are some real gems applicable to investing generally what’s disappointing is that a large portion is devoted to commodity trades. It’s a good book but very little on how these traders made their money. Many of the traders are futures and commodities traders. Many of them use fundamental analysis in their trading decisions. Some are not even traders at all and are actually investors. There’s a big difference between traders and investors. It’s more of a historical piece of trading history than something that will actually help you in your own trading strategy. There are not so many details about their strategies and some of their market insights seem rather shallow. 

9. Trading: Technical Analysis Masterclass: Master the financial markets

Title: Trading: Technical Analysis Masterclass: Master the financial markets
Authors:


Rolf Schlotmann
CEO of Tradeciety and Edgewonk


Moritz Czubatinski
Co-Founder & Managing Director of Edge Squared Limited
Date Published:2019
Rating:4.5 out of 5
Best For:Beginners, and Intermediates
Pros:This is a very put together brief book on the right topics. Lucid and practical approach. Touched upon every aspect of the technical analysis. This book explains everything you need to know about the confusing candlesticks and trends that they show. This was a quick read filled with well thought and clear explanations of all concepts presented. The illustrations are clear and support all the concepts. The book is very well written, not many fuzzy words, simple and to the point. This book is the best so far when in explains technical charting and what is happening between the buyers and sellers to drive stock price. Author makes it so you do not memorize patterns, but understand the why and how behind them so memorization takes a back seat to understanding. 
Cons:The book is really full of topical information that could’ve been gleaned on the internet for free. Basic content. There is not much explanation behind the patterns in terms of trader psychology or other insights. It’s pretty skimpy on examples and details. It doesn’t explain the patterns good. Could be more descriptive and spoken better. It was a good basic overview and intro to technical analysis but expected more in depth information. Concise and to the point. Good for understanding the basics of technical analysis and related terms. There is nothing beyond basic get started knowledge that could be found on any website. Basic information bearish, bullish, trends, support, resistance, strategies, and studies. This book is very focused on the short term.  It would have been great if topics of bet size and psychology also covered, cause entry or analysis of market movement is only 10% others comprise money management, trade management and psychology.

8. Reminiscences of a Stock Operator

Title: Reminiscences of a Stock Operator
Author:


Edwin Lefèvre
Date Published:2006
Rating:4.6 out of 5
Best For:Beginners, Intermediates, and Advanced
Pros:It reads more like a storybook with interesting plots. The book is decently written. It is quite entertaining. This book is so fun and easy to read. Great book filled with trading insight in the late 19th and early 20th century. Easy to understand and very informative. Some timeless tips on discipline and strategy for readers of all intellectual levels. This book examines the thoughts, strategies, and practices of one of the all time best speculators. t is a direct, simple, down-to-earth book covering very important and basic points of trading. “Reminiscences of a Stock Operator” is written in a very matter-of-fact style that is easy to read. It is a very interesting book to read and a window on another era. Still, many of the lessons and strategies are still useful for the modern trader. Very good & entertaining book, with a real insight into how a traders mind work.
Cons:A good story, but no real insight to trading. The content is mostly about the life of a stock operator as he travels and makes money. The language and style of writing is outdated. The author’s writing style can be a bit repetitive.  It’s a rushed overview of the life of a guy named Livingston that really doesn’t go into details as to how he is able to perform stock manipulation operations or anything else for that matter. It is bit historical and slow. The book will Not Teach you about financial markets – what they are, how they work, how to analyze stocks. Fascinating but not very helpful in selecting present day equities. The author seems to touch on the same themes over and over again. Pretty slick story, but overall just too much repetition in the lessons.

7. Charting and Technical Analysis

Title: Charting and Technical Analysis
Author:


Fred Mcallen
Date Published:2012
Rating:4.6 out of 5
Best For:Beginners
Pros:Author’s writing style is easy to understand. This is a great book for newbies to get because it goes over the basics like trendlines and candles and chart patterns. This book teaches you when it is a good time to look into buying, and more importantly- when to stay away from a stock. You will learn bearing and bullish patterns, along with trends that lend evidence as to where a stock might be headed. Very straightforward in his explanation and does not beat around the bush. Very informative and the language is plain. The information is well written & educational. This was a fantastic resource to clarify different candlestick configurations, chart patterns, and a little trader psychology. Great advice and examples in this book.  Explanation of concepts is clear. McAllen eliminates the need for more complex tools, although he does not discard them, but makes them unnecessary if someone doesn’t want to use them. Good for beginners, easy to understand the concept and terminology. Great and formal information in simple steps. A very good guide to understanding charts and technical analysis. Straightforward and easily understood.
Cons:Extremely wordy.  Does not show sufficient evidence supporting the chart analysis. The book is very quick and rudimentary. Extremely basic and unstructured, not even covers technical analysis properly. Well written, but, like similar books, comes with no proofs, success statistics or any other supporting data. The book is beginner friendly, not useful if you’re aware of technical analysis at an advanced level. The book is too simplistic. A very good book to learn the basics of chart analysis. The diagrams used were very fuzzy and hard to read.

6. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing

Title: A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
Author:


Burton G. Malkiel
Date Published:2020
Rating:4.7 out of 5
Best For:Beginners, and Intermediates
Pros:Very easy to read and understand. Very informative on financial instruments and history. Easy to understand for a beginner, never trivial for more experienced Individuals. The author presents a comprehensive analysis of investing history and offers compelling evidence of how investors can build wealth over time. The author goes through value-based and technical valuation methods for securities, explains a bit about bubbles, and then spends the rest of book pretty much showing how and why the average investor should have the bulk of their money in broad-based index mutual funds. He still leaves room for more active investing with a smaller portion of your savings, and even gives some great ideas in this area. Really well written and comprehensive. A straight-forward and easy to digest guide for individual investors. All major financial and investment concepts are covered in lite and interesting manner. Great humor and analogies that he uses to put these really dry finance terms into examples that I can easily understand. All the advise and information is very thoughtfully explained. He also takes time to walk you through a lot of the US financial history to help you make sense of of the evolution of investing and different schools of thought. It always backs up its statements with facts and data.
Cons:My problem is the book bashes techniques that real/professional investors have used to make money on Wall Street. The book is lengthy. The entire book could’ve been summarized in a single chapter. It basically just tells you to buy index funds and that’s about it. The author does tend to repeat a lot of the same points which may get redundant. A very long book to give few relevant advice. It did feel as though half the book is Malkiel poking holes in other strategies, rather than providing information that could assist someone to create and maintain their own winning strategy.

5. Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

Title: Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude
Author:


Mark Douglas
Date Published:2000
Rating:4.7 out of 5
Best For:Beginners, Intermediates, and Advanced
Pros:This book is easy to digest. The concepts are put into language that make them easy to grasp and they will explain not ‘how to trade’ but how to think about your trading. A very easy to read book. Very insightful and intuitive. This book gives good mental principles for trading success and gives practical application of these principles in the latter chapters of the book. Well written and researched book which illustrates to the origins of perceived limitations mindset.  The books takes time to explain complex concepts with easy to follow examples. The book has a simple premise, but explains it in such a way that it is the clearest explanation. A fair bit of practical information and advice on what kind of mentality a trader should have to be consistent at trading
Cons:The author is slightly repetitive on some points. Not really easy to understand if you are not native American. May seem lengthy and outright boring in most of the chapters. The author speaks of topics of psychology, neuroscience and physics but there are no references whatsoever to all of the various “scientific” claims he makes. The author does not present a source of his ‘knowledge’. Lack of technical content. The book is so full of fillers & fluff. No coherent explanations to expound on these promised topics, no functional steps to follow, and no concrete process to follow.

4. One up on Wall Street: How to Use What You Already Know to Make Money in the Market

Title: One up on Wall Street: How to Use What You Already Know to Make Money in the Market
Authors:


Peter Lynch
Date Published:2000
Rating:4.7 out of 5
Best For:Beginners, Intermediates, and Advanced
Pros:The author does a decent job defending the importance of researching and understanding what a company does before investing. The author is very engaging, uses compelling anecdotes to illustrate his points, and covers many sound investment principles which have been borne out by history. This book offers very useful and practical guide on stock investing. Lynch has a remarkable knack for making difficult concepts easy to grasp and he has plenty of anecdotes and real world examples to illustrate his points. Valuable topics of discussion in this book include valuation, analyzing the balance sheet, investing mistakes (including his own), and Lynch’s checklist for the perfect stock. Mr. Lynch’s writing style is engaging and interesting. Peter Lynch highlights his mistake, not his successes.
Cons:Almost all of his tips are fundamentally based, and even those tips seem quite outdated. Easy to read but not very helpful. Its more of an autobiography detailing Lynch’s success with no real concrete tips. Its also contradictory as in one chapter he writes to never trust your gut instincts or feelings when investing, and then in another he basically says numbers aren’t everything and to follow your intuition.   It seems to be about Peter Lynch reflecting on his life and doesn’t really tell you nothing about investing. This book offers general concepts more so than specific technique. Lynch doesn’t mention his position in sizing strategy or his exits from the stocks he owns. A good book, but rather repetitive. This book is vague and does not tell you how he trully picked stocks. when it comes down to telling you what financial metric stood out in a particular stock and how he arrived at that number, he is vague and does not focus on it too much.

3. How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology

Title: How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
Author:


Andrew Aziz
Founder and CEO of Bear Bull Traders
Date Published:2016
Rating:4.6 out of 5
Best For:Beginners and Intermediates
Pros:In addition to teaching the general principles of day trading, risk management, money management, several day trading strategies, discipline and trading psychology (very important!) this book also provides a step by step process for people who want to become successful day traders. Concise, yet comprehensive, content. The book is well written and well organized, which made it easy to read. The book is very coherent, organized, detailed and logical. It is easy to understand, doesn’t sugarcoat the process or make it seem like a get rich quick scheme, and that is good. This book is put together just right for a beginner trader or an expert to re-educate oneself on good techniques, principles, discipline, and psychology of trading. The book not just explain the technical and mathematical problems you will challenge during day trading, it also focus in the emotional and psychological issues you will face during trading, like learning to accept loses, strictly focus on your goals and plans, etc.
Cons:While the book contains some useful basic information on how to understand market information, it also contains quite a bit of pseudo scientific strategies that on average do not work. The book does not list the most important and competitive trading platforms. This is a tool to use if you are already very familiar with stocks, commodities, bonds, graphs, trading variances, etc. The book started off very informative but soon it became redundant and repetitive. This book uses many terms and pictures as examples without giving an explanation of what the term is or what the picture that you are looking at is. It says that it’s a beginner’s guide, but in reality, it assumes you have some prior knowledge of what is being referenced. 

2. A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today

Title: A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today
Author:


Matthew R. Kratter
Founder of Trader University
Date Published:2019
Rating:4.5 out of 5
Best For:Beginners
Pros:A very good first book to help someone understand the proper mindset for investing and how to build a portfolio. This is good for those who want to learn about both the psychology of investing, and the ideal mindset needed in order to truly earn a profit in the stock market. Very practical, lots of real-life examples and comparisons, over many market cycles. This book was a fantastic refresher if you already have some basic knowledge or even if you are just getting started. He explains what levels you should trade at depending on where you are in your investing life. The author explains how/when/why you should shy away from more advanced trading tools (Short-selling, IPOs, etc.) and the risks associated with each. This guide gives you a place to start and some basic knowledge of the stock market. Matthew writes clearly and well. An informative and quick read with a lot of resources.
Cons:No specific details or even general guidelines on how to invest. This book provides very little technical advice or contextual content necessary for a beginner to start investing.  It’s very basic. This is neither helpful info, nor educational content. Nowhere in this book is there any actual TEACHING of how to invest, how to navigate the stock market, or learn the ropes as a beginner. Some interesting short paragraphs for theory and investing guidelines, and useful to experienced investors, but that is the least of the worries for a newbie – a new investor needs to know just exactly what the stock market is, what is required to buy and sell, what exchanges are, etc. There are references to these, but only references. The book contains the barely any information. The book is a beginner guide but the amount of information is useless. The book is a quick read, but it does not get into the psychology of the trade, provide any details on trading patterns, etc. The author barely goes into any detail, as if “investing is just magic and if you do this like I say you’ll be rich”. The author cited Wikipedia as an official reference within the first 10 pages which makes you doubt his credibility. 

1. The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing

Title: The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing
Author:


Benjamin Graham
Father of Value Investing


Jason Zweig
Columnist at The Wall Street Journal
Date Published:2006
Rating:4.7 out of 5
Best For:Intermediates and Advanced
Pros:A very good first book to help someone understand the proper mindset for investing and how to build a portfolio. This is good for those who want to learn about both the psychology of investing, and the ideal mindset needed in order to truly earn a profit in the stock market. Very practical, lots of real-life examples and comparisons, over many market cycles. It does teach how to invest, what to invest in and how not to let emotions get in the way. Graham’s writing is clear, concise and level-headed. The book is lengthy and “solid”.  Topics include stocks vs. bonds, inflation, security analysis, and margin of safety (Graham’s analysis of the assets of a company in relation to its debt). Zweig’s commentary is useful, with footnotes to clarify historical references and, occasionally, demonstrate instances where Graham’s predictions proved untrue. Gets a bit old (some things have changed since it was written), but the principles are still absolutely valid. Graham will explain when to invest in a company, when to get out of a company, and basic principles which will allow you to invest smartly. Jason Zweig’s interpretations of Graham’s chapters bring them nicely into the present day and make them even easier to understand. Written with practical examples and easy to understand concepts, this book is both inspiring and encouraging for the “defensive” and “enterprising” investor. 
Cons:The charts, graphs, and illustrations were limited to industrial, brick & mortar businesses of the 60’s and 70’s. Charts that make a point using data from decades ago is okay, but the body of the book is so immersed in old dates that it just feels, well, out of date. The primitive methods in Graham are not particularly useful today and do not reflect the methods of today’s successful value investor. This was written a long time ago so many of the references are dated. Long and repetitive writing, and dated analysis and advice. It is certainly not a beginners book to investing. Somewhat technical for a novice and can be confusing.  They expect you to understand investing terms, so if you’re not at least a moderately educated investor you have to google everything. Too wordy and written with no regard for beginners.

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