Trading Stocks For Beginners: Top 3 Trading Books Every Stock Trader Should Read

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Trading Stocks For Beginners: Top 3 Trading Books Every Stock Trader Should Read

CLICK Here for a free trading strategy guide: [http://stockmarketprofile.com/free-trading-strategy-guide/]

Where should a you start when choosing which books to read to learn how to trade and how to improve your trading? There are many good titles out there, but figuring out which will give you the most benefit for your time spent can be hard.

In this video I’ll show you the top 3 books that every trader should read so that you can narrow down your learning focus and improve your trading quickly with these excellent trading guides.

Book #1: What I Learned Losing A Million Dollars by Jim Paul

For most traders the focus of their trading is heavily weighted on improving their strategy and tweaking or searching for a winning edge. Unfortunately though this can be the biggest mistake they make that kills their chance for long term success right from the start, with their focus being too concentrated on how to profit and not concentrated enough on how not to loose.

If you only ever read one book on trading, make it this one… it’s that good. It’s one trader’s story of how he rose to incredible financial success, only to loose it all. He takes the lessons he learned losing his million and transforms them into a simple guide teaching you how not to loose so that you can have a long term and successful career in the markets.

Book #2: Market Wizards by Jack D. Schwager

A lot of books on trading can be a bit dry and technical. While these types of books have their uses, if you only read this type of book you are likely to start associating learning about trading with painful drudgery… or boredom… or worse!

What you need is information combined with inspiration. A great way to get it is to read “Market Wizards”. With a huge variety of true tales of incredible market successes presented in the form of one-on-one interviews, Wizzards is sure to keep you engaged and excited… And it will probably give you a good trading idea or two.

Book #3: Markets In Profile by James F. Dalton

Finding a strategy and method to trade the markets can be a challenge, and finding a GOOD one can be even more so. Whether you have found your strategy yet or not, there’s no escaping the fact that every successful trader will need to have a good strategy method to guide their trading to ensure their success. The problem is that searching for the best method can take up tons of time, and unless you’ve lucked upon a good method right from the start, you’re likely to feel that your search for the right trading strategy is still going… and like it is never going to end.

The book Markets in Profile fixes all that, with an incredible look at a powerful statistical charting analysis technique called Market Profile. This strategy method was developed by J. Peter Steidlemayer in the 1980s during his time at the Chicago Board of Trade, and since its development it has been an industry mainstay and favorite among pro and retail traders alike.

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Tools and Software I Use In My Trading:
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Market Profile Method: http://stockmarketprofile.com/features/market-profile-edge/
TAS Market Profile Indicators: http://stockmarketprofile.com/features/indicators/
TAS Profile Scanner: http://stockmarketprofile.com/features/market-screener/
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Also Check Out the Books Mentioned in the Video:
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#1 What I Learned Losing a Million Dollars by Jim Paul: [https://www.amazon.com/Learned-Million-Columbia-Business-Publishing/dp/0231164688]
#2 Market Wizards, Updated: Interviews With Top Traders by Jack D. Schwager: [https://www.amazon.com/Market-Wizards-Updated-Interviews-Traders/dp/1118273052]
#3 Markets In Profile: Profiting From The Auction Process by James F. Dalton: [https://www.amazon.com/Markets-Profile-Profiting-Auction-Process/dp/0470039094]
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Comments

Elissa Jones says:

I'd like to see your suggestions for best brokerage platforms. Also, what is the difference between nse, Nasdaq etc?

Clayton Boydston says:

Great selection of books

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