Best Swing Trading Books for Beginners and Advanced Traders
I believe in analysis and not forecasting (Nicolas Darva). This is, indeed, a representative quote underlining the fact that trading isn’t about making forecasts or guesses.
It is rather about the importance of analyzing the market and pointing out the approach that would work best in a certain situation.
Depending on your level of experience, you can turn to the best swing trading books that are targeted for your knowledge.
It’s a good thing that choosing the proper books to read can guide you in the right direction. The books included in this article might be a great starting point.
John F. Carter: Mastering the Trade, Third Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups
John F. Carter is known as one of the most successful traders at the time being.
In this guide, he aims at introducing some of his foolproof, tested techniques that apply in the realm of swing trading.
And with the release of the third edition of the book, the information couldn’t be more accurate.
To that end, the book successful links trading strategies and concepts with an insightful and comprehensive market overview.
In any domain, there are several rules that apply in almost all case scenarios. The same can be said about swing trading.
Carter outlines the rules that can be used in almost all trading situations. Basically, he underlines some general guidelines.
On a different note, Carter also introduces a range of risk control techniques, so that you can assess the risk level of an approach before actually implementing it.
This is, without a doubt, the sensible take on trading. Aside from this, you’ll also get info on the topic of scanning techniques in the case of highly probable setups.
This is just an overview, though – this book is a go-to for traders who want to delve deeper into the market.
Ivaylo Ivanov: The 5 Secrets to Highly Profitable Swing Trading
Making money in such a competitive market is no piece of cake; meaning that there are few people that go through with it.
Choosing the right approach plays a key role in the equation. As pointed out by the author of this book, a foolproof approach is looking out for 5 percent to 30 percent short-term winners.
In this view, the ultimate goal is compounding capital ASAP as you move actively. But this doesn’t exclude the success rate of other approaches, though, as the possibilities are really never-ending when it comes to trading.
As Ivaylo Ivanov shows, the unique beauty of swing trading lies in the fact that it facilitates a range of useful signals.
To that end, this doesn’t necessarily force you to risk too much. The focus should be to build capital as you remain leveraged to the hill when the market is favorable and stay in cash when the market is not favorable.
Omar Bassal: Swing Trade for Dummies
It is crystal clear that beginners will find this book useful, if not insightful. If your goal is to diversify your portfolio, then a good starting point is reading the best swing trading books out there.
And this basic guide points an honest picture on swing trade, highlighting both the ins and outs of the approach.
It also underlines that this investing method can be really advantageous – granted that you identify the market opportunities that are promising.
On Amazon, this book’s rating is 4.3 stars out of 5, which displays that it is a useful guide. You will get the author’s insider knowledge.
This will allow you to have a deeper understanding of important, yet overlooked aspects such as journal keeping, money management, and strategic planning.
Now, the odds are that you might be undecided between choosing day trading or swing trading. It’s best to get an overlook of both options.
This way, you can you make an informed decision. One more thing – if something works for someone, this doesn’t mean that it will work the same way for you.
Brian Pezim: How to Swing Trade - A Beginner’s Guide to Trading Tools, Money Management, Rules, Routines and Strategies of a Swing Trader
The best swing trading books are helpful, practical and, most importantly, they contain useful guidelines.
In essence, Brian Pezim took these aspects into consideration, which is what makes this book worthy of your attention.
For one thing, Brian Pezim is a moderator in the trading community. He has far-reaching experience in day trading and swing trading.
Just as he approaches the topic of day trading from a sensible point of view, he has some clear-cut, useful notes on the swing trading. His approach is actionable and practical.
For instance, Pezim comes up with a list of scanning resources you can get for free. You can further use his setting in order to filter swing trading opportunities and choose the best ones for you.
Another highlight of the book is the abundance of examples. You will definitely find them insightful. That’s because they allow you to fix the information and truly grasp the essence of his advice.
After analyzing his methodical approach, you’ll come to the conclusion that a successful trader is disciplined and takes into consideration all the specifications of a certain approach.
That is not all, though – a successful trader is open to consistently investing time and effort into trading.
So, whether you are experienced when it comes to swing trading, or you’re just starting out, go ahead and purchase this book. You won’t regret it.
Marcus Bauman: Swing Trading - Make Money Online: Learn How to Profit Fast Through Proven Methods
This book comes up with a bunch of proven tactics that will increase your success when it comes to swing trading. The title is straightforward enough.
As pointed out by the author, swing trading is an excellent alternative for trading stocks, forex, commodities or indices.
The concept behind this tactic is to the point and easy to understand.
What you have to do in order for this to work for you is to point out the direction of the trend.
After that, you have to wait for a pull-back.
Then, you should make an entrance when you are 100 percent sure regarding the continuation of the trend.
However, note that this book is suitable for beginners, for the most part.
If you are already knowledgeable on the matter, then you should direct your attention elsewhere.
Overall, it is interesting and insightful, as it makes a range of important observations.
Alexander Elder: Come into My Trading Room - A Complete Guide to Trading
The book concentrates on displaying the connection between method, money making and embracing the right mindset when it comes to swing trading.
If your experience in trading is significant, then reading this book will essentially improve your comprehension of swing trading.
In other words, it will allow you to optimize your strategies.
To get into more detail, as opposed to focusing entirely on technical analysis, the book comes with a different approach.
Essentially, it outlines the importance of correct time and money management.
Furthermore, the author analyzes the psychological implications of swing trading, and the majestic importance of organization and discipline.
The fact that this book is a best-selling edition on Amazon, with a rating of 4.4, shows that it is a good read that could help you.
In fact, it is introduced as the trading bible for the new millennium. It clearly shows that making mistakes is something that comes with the territory and that this shouldn’t make you feel discouraged.
The key to success is being flexible and open to mixing your strategies depending on the changes that take place in the market.
In addition to that, as many other traders have pointed out before, surpassing your emotional barriers is the key to financial success.
There are so many books out there focusing on the right techniques that work in all scenarios.
But there are way too few books focusing on the things that really matter. Fortunately, Alexander Elder does a decent job at outlining what matters most.
Final Thoughts on The Best Swing Trading Books for Beginners
To sum up, reading the best swing trading books is a good starting point to get more information about trading.
This is a good practice whether you are a beginner, or you are already familiar with the marketplace.
This doesn’t mean that there is a tested technique that works for all situations. It just means that you should keep your eyes open for opportunities and grasp them when they arise.
Also, if you want to learn more about trading and financial opportunities, don’t hesitate to read some of our previous or forthcoming guides – such as the best economic books, for example.
Self-improvement and self-development should always be embraced no matter the area you work in.
See Also: Best Stock Trading Books
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.