10 Trading Books To Become Effective Trader and Investor




Finance Guru Speaks: This article will provide 10 Trading related books to help you become an effective Trader and Investor. 

The chosen books are affordable in price and the Trading concepts taught can be easily applied to the Indian Stock Market.


Note: The list of books mentioned below is in a random sequence and nowhere I am listing them in a rank. The temperament of every individual is different and hence, trading styles and application of techniques also vary. So, there is no point in ranking the mentioned books. Every book is unique and deemed to be helpful to Traders & Investors if the concepts are practiced thoroughly.

Author- Andrew Aziz

  

This book helps to:-
  • How you can take control over your life and have success in day trading on the stock market.
  • Use simple and easy to understand words to explain the strategies and concepts you need to know to launch yourself into day trading on the stock market.
  • How to Find Stocks for Trades.
  • Explains Important Day Trading Strategies.
  • Explains Trade Management and Position Sizing.
Author- Balkrishna M Sadekar


This book helps to:-
  • Explains the concepts of candlestick trading effectively.
  • Explains the types of candle signals, techniques to identify and utilize them.
  • Taking advantage of high probability trades, the book explains how one can accurately combine candlestick signals with Western technical analysis for generating explosive profits and cutting losses.
  • How the candlestick technique builds a simple mechanical trading system and eliminates emotional interference, gluttony, and panic.
  • Besides clearing concepts of candlestick charts and signals, the book also offers market-tested trading ideas and some Do’s and Don’ts in business, straight from the author’s experience.
Author- Ashwani Gujral, Rachana A. Vaidya

 

This book helps to:-
  • The 3Ms of trading success — method, money management, and mind-set.
  • The technical pillars — moving averages, pivots, and exceptional candles.
  • Profitable trade entry, trade management, and exit tactics
  • How to trade the morning range, trends, gaps, and sideways markets.
  • How to add the catalyst of big news events to power your trades.
  • How to avoid — and profit from — market traps.
  • How to harness the explosive power of multiple trading tools working in tandem.
  • Money management — position size and risk management.
  • How to master your mind in order to vanquish the market.
  • The daily discipline of a successful day trader.
Author- Andrew Aziz


This book helps to:-
  • How to execute each trading strategies in detail: entry, exit, stop loss.
  • How to manage the trading plan.
  • How to Find Stocks for Trades.
  • Explains Important Day Trading Strategies.
  • Explains Trade Management and Position Sizing.

5. Trading and Technical Analysis Course: How to Trade Safely and Profitably 

Author- Mandar Jamsandekar

 

This book helps to:-
  • How to combine the stock picking and market timing capability of technical analysis with the power of disciplined trade entries and trade management strategies.
  • How to use various technical analysis concepts and tools, including trend analysis, moving averages, indicators and oscillators, candlestick and price patterns, volume, consolidations, and corrections.
  • How to pick the right stocks and timely trades using chart and pattern analysis.
  • How to assess your trading profile.
  • How to place effective stop losses and other risk management techniques.
  • How to identify and manage high reward trades.
  • Rules of money management, risk management, and portfolio management.
Author- Balkrishna M Sadekar


This book helps to:-
  • Understand Ichimoku Kinko Hyu, commonly referred to as Ichimoku indicator, is one of today’s most powerful trading systems.
  • Ichimoku also works very well on all time frames, from the weekly all the way down to the one-minute chart.
  • Due to the unique construction of the Ichimoku cloud, which is the heart of this system, a trader can visually determine in an instant whether a chart is bullish or bearish.
  • Ichimoku clearly defines support and resistance, identifies trend direction, gauges momentum, and provides trading signals.

Author- Michael W. Covel

This book helps to:-
  • Identifies tools, concepts, psychologies, and philosophies that keep people protected and making money when the next market bubble or surprise crisis occurs.
  • Features top traders in each chapter that have beaten the market for decades, providing readers with their moneymaking knowledge.
  • Shows how traders who beat mutual fund performance make money at different times, not just from stocks alone.
  • Explains why mutual funds should not be the investment vehicle of choice for people looking to secure retirement, a radical realization highlighting the changed face of investing today.
Author- Ashwani Gujral, Prasanna Khemariya


This book helps to:-
  • How you too can make money in any type of market by correctly identifying the market’s mood from the various typical patterns that are formed on charts
  • How to make big profits by identifying a trend and trading with it.
  • How to make mega profits by identifying impending trend reversals and catching big moves in the opposite direction.
  • How you can reap windfall profits by identifying and trading breakouts from continuation price patterns on charts.
  • How to use volume to confirm price action.
  • How to use momentum indicators in conjunction with charts to finesse profitable entries and exits.
  • How charts can help you identify hot sectors and stocks to trade.
  • Trading rules for different chart patterns.

9. Trading in the Zone 

Author- Mark Douglas

 

This book helps to:-
  • The author uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money.
  • The author takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes.
  • Explains the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.
Author- Andrew Aziz, Brian Pezim

This book helps to:-
  • Explain a number of swing trading strategies that can be used by both novices to more experienced traders.
  • If you are a beginner trader, this book will equip you with an understanding of where to start, how to start, what to expect from swing trading, and how you can develop your own strategy based on your personal goals.
  • If you are a trader with some existing experience, this book will give you some insights on the author's approach to swing trading, rules to follow, and some strategies to make profitable trades.
  • Why swing trading might be a better trading approach for you.
  • What tools you will need to swing trade.
  • How to manage your money and the risks of trading.
  • How to perform some basic fundamental analysis on companies.
  • Charting basics on some of the more popular technical analysis tools used to identify and make profitable trades.
  • Getting good entries and exits on trades to maximize gains.
Hope you will benefit from the Booklist and improve your Trading skills by practicing the techniques. You can paper trade based on the learned techniques to check the effectiveness before you start putting your hard-earned money on actual trading. 

You can support this website by purchasing the books from the provided links. I will be grateful for your support.

Happy Trading!

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Sincerely,
Finance guru Speaks

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