Once you get into stock trading, your job becomes trading equity securities or shares to generate profits from their sales and purchases. To become a successful trader, you must equip yourself with everything necessary required for trading.
There are many forms of trading and investing. In order to get insight your need to learn the following major topics:
- Stock trading (we are covering the topic with the current article)
- Forex trading (currencies as main trading assets)
- Day trading (more than a profession it's a lifestyle)
- Option Trading (the invisible, but one of the most profiatable part of stock market)
- Algorithmic trading (where you use certain AI enabled or simply strategy based agents for trading)
In terms of short term or long term investing:
- Generic books about investing and investors
- Real estate investing
Gaining knowledge and information is one way to do that, and that’s where stock trading books come in. These books contain and have insights about different aspects of stock trading, from how to begin, the risks you may encounter, mispricing issues, and more.
If you want to get into the field or even learn more about it this year, we have several recommendations that will come in handy.
What Are The Top Stock Trading Books?
How to Actually Day Trade for a Living, by Tim Morris (2019)
In How to Actually Day Trade for a Living, the author confronts the often murky world of day trading education. What struck me first about this book is its bold honesty. Morris pulls no punches in revealing the harsh realities and the often unspoken truths about day trading. Unlike many authors who might sugarcoat the difficulties or oversell the potential of day trading, Morris lays everything on the table. His frankness is not just refreshing; it's educational.
Morris does an excellent job in demystifying complex jargon. The chapter on Terminology is particularly helpful for beginners. It's like having an expert translator by your side, decoding the often intimidating language of the stock market.
But where Morris truly shines is in the practical guidance he offers. The chapters on Pre-Trading Basics and Day Trading Strategies are the heart of this book. He doesn’t just tell you what to do, he shows that to you. The inclusion of real charts, detailed explanations, and specific examples adds immense value. It's not just about learning strategies; it's about understanding their application in real-world scenarios.
The concluding part of the book, which offers additional advice and personal insights from Morris, adds another layer of depth. His candid admission about the challenges of day trading, coupled with practical tips, makes this book a holistic guide for anyone serious about entering this field.
Richer, Wiser, Happier, by William Green (2021)
If you think of the many investors who have made billions, you get mixed thoughts of awe and suspicion. But they are successful because they have been doing it right.
This book is mainly about what constitutes a good investor and how to win. In the book, Willian combines interviews of some of the greatest investors and paints how even their talents go beyond making money.
The best investors use and challenge their brains to think more rationally, with set objectives, and rigorously. They maximize long-term success odds while minimizing the possible risks of disaster. They get insights from trends, are disciplined, and become tolerant of pain through their journey.
A good investor should be able to provide knowledge on how to become rich but still improve their thought process, make decisions, avoid expensive errors, be resilient, assess possible risks, and use uncertainty to their advantage.
Trading, by Rolf Shlotman (2019)
This book’s main focus is technical analysis and explanations of how to interpret chart patterns and price movements.
The first section is about price and technical analysis and highlights trade fundamentals. The second section dives into how to interpret chart formations and looks at the most substantial trading patterns.
In the third and last section, Rolf conveys that it is crucial to go beyond the typical analysis and take time to analyze trader behavioral patterns as determined by psychological factors and the concept of mass psychology.
International markets have rising pricing movements because of the interactions people have daily. Emotions and behavior highly influence buying and selling decisions. Issues like risks, uncertainty, and fear determine how people move their money.
If you can grasp chart buyer and seller interactions, you can handle price movements effectively for better independent trading decisions.
Monster Stock Lessons, by John Bolk (2022)
Monster Stock Lessons is an understanding the stock market book for those who have been watching stocks in the last couple of years (2020-2021). It mainly highlights stocks that at least doubled their prices.
You will discover the main features of leading stocks and how they are repetitive in market cycles. Interestingly, factors like price action measurements, volume levels, and significant moving averages have remained consistent throughout the stock market history.
The book has profiles of top traders and details on some of their most profitable trades, which you can trace on the given stock chart illustrations. Discover the necessary measures to take for profitable trends, how to monitor stocks continuously, how to stay in the market for positive returns, and danger signals for an exit.
You will be studying and learning the best way to prepare for future market cycles through all these details and discover the most substantial stocks you can trade in.
Stock Market Investing for Beginners 2022, by Benjamin Jones (2022)
(beginner friendly)
The journey of creating a safe stock trading financial future has a start point, and if you are looking to join some of the best stock gurus in the world someday, this book is for you. It offers you the details you need to know as you hit the button to begin your wealth creation journey.
The dream requires you to know the basics. You will find out how you can initially start buying the best stocks. The book also has handy tips and secrets about how stock markets operate and how long-term stock traders use them.
There are details about how you can begin creating valuable investments that will be effective enough to generate profits. You will also learn how to create a professional portfolio that contains the most substantial stocks as you keep reading.
Options Trading Strategies, by Ned Jenkins (2022)
Ask anyone, and they will tell you that they would totally appreciate income generation while enjoying life. This book will help you recognize that you can earn money passively using online trading by practicing the provided guide.
Options Trading Strategies will equip you with a better understanding of what Stock Options mean and how to use them. Stock Options are an excellent approach to help you earn on the stock market.
You will be offered insights into why investing requires you to develop a short and long-term plan and adhere to the plans religiously throughout the book.
Additionally, you will be helped to comprehend concepts of risk and returns when trading and gain the knowledge you need for money management, now and in days to come. The book lists excellent trading sites with details on dependability, features, and prices.
The Perfect Watchlist – 1, by Brad Koteshwar (2022)
The Perfect Watchlist- 1 is a short read but one with crucial information. It is simply a lens for helping you watch your listed stocks.
Anyone involved in stock trading has a watchlist- a list of stocks to keep tabs on, mostly the ones you are looking to buy or sell and at what time. They may be tech, energy, or growth stocks. Everyone’s list is different based on their experience.
While you are in stock trading, you learn by doing. Keeping tabs requires you to watch out for hints or clues and look for actionable opportunities. That’s because the field has constant changes driven by market conditions.
As every stock trader knows, the message is that the market dictates the stocks on your watchlist. Your watchlist will let you know if the market is strong, good or bad, if you can earn money, and if the market progresses or deteriorates. So, handle it carefully.
Alpha Trader, by Brent Donnelly (2021)
Stock trading is the ultimate puzzle. It is complex, chaotic, and has a loose structure that needs the smartest minds. Not many can do it successfully over a long time. The rules keep changing, different mechanics are employed every day, and it is challenging to observe the venture’s in flux probabilities.
To trade, you have to be smart and purpose-driven for significant rewards. But if you are irrational, overconfident, self-destructive, and undisciplined, even your intelligence may not save you.
To become an Alpha Trader and adapt, the best approach is training your mindset and employing math and proper methodology. The book explains positioning, market narrative, risk management, and microstructure.
It also has specific strategies, habits, and tactics you can use for success, and it will guide you to become more rational and self-aware.
More Straight Talk on Investing, by Jack Brennan (2021)
In this book, Jack offers stock traders a comprehensive guide on developing the knowledge and discipline to navigate existing financial markets confidently for success and growth over time.
You will find details about financial planning and practical principles you can use for investment.
Such metrics may be timeless, but the author notes that the stock market has also seen some changes. There have been developments in the services, costs, and the regulations and legislations have also changed. New investors have also come in.
The book will equip you with how to build a balanced portfolio and plan to meet your goals, evaluate the markets discerningly, and a usable approach.
You will also discover why emotional control is important based on various ideas from different people, especially the media. Financial market risks, pitfalls, mistakes, and rewards are also discussed.
Run with the Bulls, by Charmagne Munoz Feria (2022)
(beginner friendly)
This book is a definitive guide to the stock market, practical trading strategies, and how to manage risks. It is a perfect guide for beginners, but it also has useful tips for established stock traders.
You will find details about how you can make money using stock markets and learn about the main trends of the trade. You will also discover the supportive and resistant aspects of trading, the channels involved, and moving averages.
As a trader, you will also learn how to do a performance assessment and deal with divergences. There are details on the momentum, swing, and position trading strategies. The author has also provided essential information about the market cycle, breakouts, base counting, and the Relative Strength Index, alongside in-depth explanations and illustrations on how to read the stock charts.
Final Thoughts on Stock Trading Books
Stock trading is an excellent driver of the economy when done right. The stock markets move in different directions, and the acting market forces highly determine how they perform.
When you are in the field, you need to be ready to avoid bad timing and misjudgments. Our list of the best books on stock investing above is a good start for novices and will broaden your knowledge if you are experienced.
If you are interested in the world of trading, check out our selection of day trading, forex trading, crypto trading, and algorithmic trading books.
My profession is online marketing and development (10+ years experience), check my latest mobile app called Upcoming or my Chrome extensions for ChatGPT. But my real passion is reading books both fiction and non-fiction. I have several favorite authors like James Redfield or Daniel Keyes. If I read a book I always want to find the best part of it, every book has its unique value.