Best Stock Trading Books of All Times Worth Reading
Stock-trading is a controversial topic, as the investment world is not that easy to grasp. Still, reading the best stock trading books can shed some light on the topic.
So, even if your knowledge is quite limited, the following books can be life-changing.
As an informed individual, you can aim at getting to the bottom of stock-trading, determine the elements that make things go round and differentiate from successful approaches and unsuccessful ones.
With books you can learn how to pick stocks to invest in.
If that’s what you want, then the following books should go on your must-read list.
Andrew Aziz: How to Day Trade for a Living - A Beginner’s Guide to Trading Tools and Tactics, Money, Management, Discipline and Trading Psychology
There’s a reason why this book has a high rating on Amazon – namely 4.7 stars out of 5 and over 1,000 customer reviews. The thing with stock-trading is that it’s complicated – as simple as that, there’s no use denying it.
This is why you need to be careful about selecting the information you read. Depending on the author, you might perceive stock trading as an unattainable goal.
Or, on the opposite side, if the author is talented and knowledgeable, the information will seem much more accessible.
The good thing is that Andrew Aziz is an author that definitely fits into the latter category.
Introduced as a book for beginners, it is easy to understand. So, in other words, this is the go-to guide if you want to know where and how to start, or what you should expect from stock trading.
Having realistic expectations always pays off, if you don’t want to end up being disappointed.
However, this is also a good read for intermediate stock traders.
That’s because it introduces a mix of information and some suggestions regarding efficient, classic strategies. Still, the key to getting better at stock-trading is practice and taking risks.
This is why the author outlines that readers shouldn’t expect to learn everything there is to learn about stock trading by reading a book.
Matthew R. Kratter: The Big Book of Stock Trading Strategies
This book also belongs to the category of the best stock trading books worth reading. Why is that?
For one thing, you will discover the first steps you should take if you want to embrace stock trading.
You have no idea where to begin? Rest assured, Matthew R. Kratter aims at addressing such questions.
As a beginner, you might feel a sense of self-awareness and lack of competence. In fact, many people hesitate to go after their dreams of pursuing stock-trading even if they’ve been considering it for years.
So, the strategies you’ll get with purchasing this book are easy to follow, yet powerful and efficient. In addition to that, you’ll also find a bunch of insightful insider tricks offered by professional users.
Also, there are a few charts that shed some light on the topics.
Still, note that this isn’t a comprehensive, far-reaching type of book. It is a brief introduction to the world of stock-trading. It is also targeted primarily for beginners.
Gary Antonacci: Dual Momentum Investing - An Innovative Strategy for Higher Returns with Lower Risks
Moving on to another popular read with a good rating on Amazon – namely 4.7 out of 5 – this book introduces the author’s approach to stock-trading.
Accordingly, he combines several types of stocks, U.S. stocks, non-U.S. stocks, and aggregate bond indices.
In addition, his formula aims at increasing the chance of success. Also, it lowers the risk level, which definitely sounds appealing.
Antonacci points out that momentum investors can really optimize their earnings through stock trading, granted that they customize their approach.
Another great thing about the book is that most of the author’s statements are accompanied by academic research.
This is something that differentiates good books from run-of-the-mill books that reassess the same information over and over again.
The book has 10 different chapters, each of them covering a specific branch of the topic. And while the information is not 100 percent foolproof, it is still one of the best stock trading books you can read at the moment.
Michael W. Covel: The Complete TurtleTrader - How 23 Novice Investors Became Overnight Billionaires
This book tells the story of Wall Street legend Richard Dennis and his disciples. It further outlines the strategy they turned to for becoming billionaires.
Richard Dennis used a range of simple, yet effective strategies that helped him attain a high level of success.
Many people find the subject of the turtles and their accomplishments as being interesting and insightful. Not only that the story is something else, but you can aim at learning a thing or two from it, as well.
The concept of turtle trading is straightforward and easy to follow. In fact, it would be safe to say that the turtle methodology doesn’t hold a lot of secrets.
This shows one thing: the secret to long-term success in the world of stock-trading doesn’t have to do with the method alone, but it’s also about consistency and persistence.
At the same time, this book shows the importance of proper risk management.
This is, presumably, where all beginners tend to make mistakes. So, the turtle methodology has a way of perceiving the risk associated with each approach.
This way, you can assess whether an approach is worth it or the risk is just too much.
Peter Lynch: One Up on Wall Street - How to Use What You Already Know to Make Money in The Market
Also one of the best stock trading books, this is worth your time for a bunch of reasons. For one thing, the book’s popularity stands as a testimony of its immense potential in shaping the thinking and strategy of the novice and intermediate stock trader.
Lynch clearly points out that investment opportunities are all over the place. All you have to do is find them and determine whether they are worth it or not.
This is where things tend to get complicated, of course. But Lynch offers useful advice when it comes to investing in turnaround, cyclical and fast-growing companies – which are booming now.
The right timing combined with the right approach could mean the pathway to early retirement.
To that end, it is essential, as an investor wannabe, to point out a potentially successful business before professional analysts do that.
Aside from that, Lynch has quite a unique perspective regarding the ups and downs of the market.
He states that they are not as important as everyone says they are. In fact, he notes that if you focus your attention on adjusting your tactic, your portfolio will reward you.
It’s also worth noting that the book is fun to read, while not being overly technical and dreary – this is always a plus when it comes to the best stock trading books.
Joel Greenblatt: The Little Book That Still Beats the Market
This book is known as one of the clearest, most straightforward books on the marketplace – on the topic of stock-trading, of course.
In essence, this book shows how investors can surpass popular market averages by simply applying a systematic formula to their trade.
So, in other words, this book shows that an efficient approach is looking for companies when they are available at bargain prices.
In addition to that, the formula is explained so that even a 6th-grade student would easily get the core principle.
Plus, the language used is easy to grasp, making it a good read for beginners.
In fact, after reading this book, you might be tempted to believe that stock trading must be more difficult than this.
And while there are other elements worth noting, this book is a good starting point.
John F. Carter: Mastering the Trade, 3rd Edition - Proven Techniques for Profiting from Intraday and Swing Trading Setups
This is one of the best stock trading books focusing on day trading as it introduces a range of proven strategies.
Aside from this, you will get a lot of info on various breadth and/or market internal measurements. Chapter 5, in particular, comes with a lot of insightful aspects.
Moving on, another useful thing about this book is that the profit rules offer good guidance.
Carter also states that, at the end of each quarter, he withdraws 50 percent of his trading profits.
Overall, it is a good read, having a decent Amazon rating – above 4 stars, and a bunch of relevant reviews.
Steve Nison: Japanese Candlestick Charting Techniques
Candlestick charting techniques are important in any market while trading stocks, options and forex markets.
As the title already implies, the book presents a comprehensive explanation of the candlestick charting technique. The method is accompanied by a useful analysis.
Steve Nison is an experienced trader, whose knowledge on the topic is far-reaching.
This is why you can get some insight into trading through this reading.
Hence, the candlesticks technique can facilitate early reversal signs, enhancing timing experience.
In addition, you may combine this technique with other traditional Western charting techniques.
The book is technical and analytical, and while some might say that it is a tad outdated, it can shed new light on this topic, allowing you to mix and match your techniques.
Garth McCalister: Day Trading - A Complete Beginner’s Guide to Start Day Trading
In case you’re already accustomed to the trade market and you want to reach the next level, choosing day trading might be just the right option for you.
Nonetheless, you shouldn’t do that until you have the right knowledge on the topic. If you don’t know where to start, this book is a promising source of information.
It concentrates on presenting the challenges that come with day trading. In comparison with traditional investing, day trading is pretty much similar to a daytime job – hence, the name.
If you want to be successful in your approach, this means that you should be willing to set time aside for this, on a daily basis.
Moving on, the book introduces the ins and outs of day trading so that you can establish whether this is the right option for you or not.
In addition to that, you will find out what makes a successful day trader and what you should do in order to perform technical analysis.
That is not all, though; the book suggests a bunch of momentum trading strategies.
You can order it on Amazon. Although it is only recently published – in 2019 – its rating is already promising, which means this book could be a sensible investment.
Stan Weinstein: Secrets for Profiting in Bull and Bear Markets
Stan Weinstein’s book actually features a mix of information regarding his experience in the marketplace, as well as his personal philosophy when approaching trading.
You might think of this book as being a tad outdated, considering that it’s been written in 1988, but some of the elements presented there still apply.
As pointed out by the author, sector analysis is just as essential and critical as overall market timing.
On a different note, the author also states that traders shouldn’t overthink too much, as this might lead to a lot of stress and doubts.
At the same time, there’s no such thing as the best way to approach Forex trading. The key to success lies in a mix of elements and when these are combined, they bring the results you might expect.
These are some of the ideas you stumble across while reading the book. In short, this book does an excellent job at explaining the nature of market cycles, so that you can aim at understanding them.
There are other aspects just as interesting; of course, this is just one of the many things you’ll learn by reading this book.
Al Brooks: Reading Price Charts Bar by Bar - The Technical Analysis of Price Action for the Serious Trader
Some traders might prefer implementing complex strategies when it comes to trading.
Nonetheless, many times, the ones that are infinitely more efficient are the basic ones.
In addition to that, it is important to comprehend the specifications of price action – which is always an efficient approach to trade in today’s market.
This enables you to concentrate on the actual process of training, without being distracted by overwhelming trading techniques.
Al Brooks is a renowned technical analyst working for Futures magazine, having far-reaching experience in trading.
Over the years, he managed to perfect the discipline of trading and this book includes a few valuable conclusions regarding the price action.
And while the author acknowledges that there’s no easy, straightforward way to trade, you can still learn reading price charts.
At the same time, with the right knowledge, you can discover reliable patterns and determine which timeframe and market best suit you.
Also, as the title of the book clearly points out, serious traders will find this book handy.
Kevin J. Davey: Building Winning Algorithmic Trading Systems - A Trader’s Journey from Data Mining to Monte Carlo Simulation to Live Trading
At first glance, you’ll notice that the author uses a simple, straightforward language. This makes it easy to grasp for any type of reader.
Aside from the practical information that you’ll find while reading, there are also plenty of useful, colorful charts, accompanied by handy comments regarding the right rules and techniques.
In addition to that, this book is a useful read for beginner and advanced traders alike. This makes it a worthwhile acquisition.
Another thing worth pointing out is that this book teaches you a lot more than just trade the regular way.
It also comes with a bunch of advanced tactics like data mining and Monte Carlo simulation.
Also, it shows that you can master your time management by implementing a set of key, clear-cut rules.
Also, the author emphasizes the importance of diversification when it comes to trading – this is something new, as many traders embrace a more fixed, set-in-stone type of mindset.
William J. O’Neil: How to Make Money in Stocks - A Winning System in Good Times and Bad
This book is an international bestseller that reached to an extensive audience, through the fact that it is informative, sensible and easy to understand.
The book incorporates a market study from 1880 till 2009, outlining crucial information you can use to customize your strategic approach.
At the same time, you’ll find important guidelines regarding the importance of choosing mutual funds, the best stocks, and EFTs in order to optimize your gains.
Aside from that, the expanded edition comes with a bunch of useful charts, which will allow you to visualize profitable trends.
Even today, this book is surprisingly relevant, consisting of important information that will help you.
So, if your understanding of the stock market is minimal, this book will definitely change that for the better.
Final Thoughts on The Best Stock Trading Books
Reading the best stock trading books is a good start, but this is not enough. Actually, “knowledge is of no value unless you put it into practice” (Anton Chekov).
So, after reading these books, you can continue by implementing specific tactics and strategies.
Of course, once you analyze them in detail, you can decide what would work best for you.
Make sure you also check some of our recommendations of must-read movies, like the best finance movies for example.
About the Author
Alexander is an investor, trader, and founder of daytradingz.com. After devoting many years to educating himself on powerful day trading techniques and effective investment styles, he started trading and investing more actively. In the past 20 years, he has executed thousands of trades. In 2015, he began writing articles about trading, investing, and personal finance. He is very passionate about sharing his knowledge and strives for success in himself and others. Alexander has been featured on Benzinga, Rockstar Finance, and ESI Money.