📖 5 Books On Trading That Everyone Should Know 📖
📖 1. Reminiscences of a Stock Operator - Edwin Lefèvre.
📖 Reminiscences of a Stock Operator is a fabularized biography of the most famous speculator of all time Jesse Livermoore. Jesse Livermoore operated in the stock and commodity markets in the early 20th century in the 1920s to be exact. He was one of those speculators who made an astronomical fortune almost from scratch. He made and lost fortunes. His wins and losses as of today could be counted in the hundreds of millions of dollars. His speculative concepts and brilliant remarks on the markets, inspired and still inspire speculators around the world today. Despite the passage of 100 years since those events, the strategies and trading approach have not lost their value, I would even say they have gained. The book reads very well, it is written in accessible language, everyone will be able to understand it and take something for themselves. A must-have item on the shelf at every trader's home.
📖 2.The Disciplined Trader - Mark Douglas
📖 The Disciplined Trader. One of the first books that on such a scale spread interest in psychological elements in trading. Mark Douglas, after working with many traders in his career, noticed that mental elements are one of the main barriers to success in trading. He presents in his book the principles and mental attitudes that are necessary for success in this industry, it is worth mentioning that these attitudes are fundamentally different to what we have been taught to live in society. An ideal book for people who feel that the technical aspect has been mastered, but still feel that they have some internal blockages that block them from achieving systematic results in trading.
📖 3. Market Wizards - Jack D. Schwager
📖 Market Wizards. Book-talk. This is the first, and considered by many to be the most important, part of Jack Schwager's conversations with prominent traders. In it we can hear their stories and thoughts on trading of such people as: Jim Rogers, Paul Tudor Jones, Larry Hite, William O'Neil.
In the book we can read a lot of conversations in which each trader brings something from himself and presents his specific view of the market. We will learn a lot about technical analysis, as well as fundamental analysis, risk management and many other aspects related to trading. Everyone can find something for themselves. It is not a book to be read from cover to cover.
📖 4. The Intelligent Investor - Benjamin Graham
📖 A book of investing legends. The most prominent investment advisor of the 20th century. Since its publication, the book has become, so to speak, a holy book of the stock market and the philosophy of "value investing" with which every investor must become familiar. Its philosophy and the principles it recommends to follow teach and inspire investors around the world to this day. It is worth mentioning that Warren Buffett was one of Graham's disciples and repeatedly mentions how great an influence he had on him. A must-have item for any aspiring long-term investor
📖 5. Technical Analysis of the Financial Markets - John J. Murphy
📖 Another holy book this time on technical analysis. This book is a comprehensive expedition presenting the vast majority of technical analysis concepts. John J. Murphy, thanks to his 30 years of experience working in financial institutions, takes the reader through all the topics that are key to understanding technical analysis. It is an excellent primer, which allows for an accessible and understandable introduction to the world of technical analysis. The book lays a solid foundation, thanks to which you will be able to expand your analytical skills. Everything we need to know about charts can be found in this book. It is no wonder that to this day it is a worldwide bestseller and the most popular book on the technical aspects of market analysis.
📖 Have you read any of the books mentioned? share your opinion in the comments.
✨If you liked the post leave a like and follow to stay up to date with upcoming materials.✨