Where it gets really interesting (for me) is when he talks about “straddles”. Although, the advice given in the chapters on psychology and risk is absolutely crucial for everyone. The most important concepts discussed in this book are: consistency and uncertainty. This is a strategy whereby you can potentially make money no matter which direction the market moves, up or down best books to learn swing trading. One of my favourites from the book is Linda Raschke, one of the few female professional traders out there. Conclusion The above is a selection of some of the best books on trading the markets. There is also a chapter on trading platforms. Trading In The Zone (by Mark Douglas) If you haven’t started trading yet and you want to save yourself months of anguish and frustration, then do yourself a favour and read this book. If I had to make a list, I would not have to think hard as to which ones would be at the top of my list. Fans of fundamental analysis (or “fundamentalist” as we like to call them) will probably scoff at the mere mention of technicals and charts, dismissing it as reading “tea leaves” and not serious trading.
I don’t know of any serious professional trader who does not use some form of technical analysis. It is not necessary for traders to employ every strategy documented in this book. Readers will also notice that different traders will often disagree on a number of issues. The major downside with this book is that whilst the traders give very valuable insights to their style of trading, no actual specifics are given as to exactly how they trade. Mastering The Trade (by John Carter) This is the book that inspired me to take trading very seriously. Market Wizards & The New Market Wizards (by Jack. Trendlines, patterns, moving averages are all covered here. In a way I was very lucky, because had I not come across Carter’s book early in my trading career, I may have well ended up blowing my trading account within months. Schwager) These two books are a gem whether you are a beginner or an advanced trader. Volatile Markets Made Easy (by Guy Cohen) This book is an ideal starter for anyone who wants to grapple with the intricate but lucrative world of options and volatile markets.
I admire the way he religiously carries out each trade in accordance to his rules and not based on impulse or whim. Each chapter is an interview with one of the world’s top traders. It is about something much more important.Waves.. It is not meant to be an exhaustive list but it will definitely set you on the right path. One reason I am recommending this book above all the other books on options, is that its author, Guy Cohen, is an expert not just in options but very adept at being able to explain how to trade options to the ordinary person. Once you accept that, you can give up on the emotions that imprison your mind and learn to be a better trader. Perhaps these books have already helped you or you have your own suggestion – or maybe you disagreed with my choices. .Storm.Lisk. 0x.