39 Responses to “Best Trading Books | 5 Books That Will Transform Your Trading”

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  1. Abdulrehman

    Looks good. will move to the top for my reading list.

  2. And from Dr. Alexander Elder, “Trading for a Living”… for me one of the essentials too !

    And when can we buy yours one ? ;-)

  3. Hey Ted. Yes good choice on Elder. I like his stuff too. As for my one, I’ll let you know. Cheers.

  4. DF

    If you don’t read Logical Trader by Mark Fisher you are doing yourself a huge disservice.

  5. Mikhail

    Thanks a lot, Alessio!

  6. Brian Gray

    Trading in the Zone should be number one. It also occurred to me that you were addressing those unfamiliar with trading psychology when you said you dream of a recession and that as traders we don’t really care what direction the market takes. Our thinking is counterintuitive to those who fail to comprende the probabilistic nature of markets and trading. You also failed to mention that unlike the big wall street banks we independent traders take on all the risk ourselves. Discussing trading psychology might take some heat off you for coments only a trader would understand.

  7. Gabess

    Hi Alessio, thanks a lot for the recommendations, that was exactly I’ve looking for. I was about to order the “Inteligent Investor” from Amazon, since it had the most recommendations, but I will go for one of these… Do you know that one btw? Cheers!

  8. Mazin

    Hey Alessio! I always enjoy you blogs & vlogs… Keep it up. Thanks a lot..

  9. Alessio. I’m not a trader, but I admire someone who can write succinctly and to the point. You can.

  10. Hey thanks so much!

  11. “Her comment that while we can be good at predicting the direction of a move (up or down), but not so good at predicting the magnitude of the move (how far a market will move), is a very significant one ”

    Its wrong…With EWT/RTEA method you can predict the direction and the magnitude (approximately level).
    I have practiced this metod for 11 years and know it is possible.

    se my website and “11 years of EWT “

  12. Debbie

    A book that I’ve been using recently is Introduction to Technical Analysis by Martin Pring. It is great for an absolute beginner to use. I back it up with Stockcharts.com for more in depth info.

  13. dgmoocher

    Thank you for that. More books to inhale in the upcoming months! I really enjoyed reading a book by Jesse Livermore as well (tho’ I couldn’t follow his “system”). If you ever want to explain it, you’d have a rapt audience. Cheers!

  14. Great Alessio, thanks for the list ;)

    Can you share your thoughts on the EU given a week to fix its Crisis on the last G20?

    Cheers

  15. Dirk

    Thanks for the list. It’s a source of inspiration. I’am a “now and then” Trader with a general full-time job from Germany. But I know, I need more basics. I have bought a book about candlesticks. And then follow books from your list.

  16. Jacek

    Hi!
    I would add to this list Nison’s books about Japanese candlesticks. Candlesticks will help to find turning points as well as signals of trend continuation.

  17. Didi Muntu

    In my opinion, one should start with An introduction to High Frequency Finance because nowadays most traders base their decisions by observing tick by tick data.
    The book is quite technical but I think it is essential for those who are interested in understanding financial markets.

  18. Andrew D

    Mastering the trade is top of my personal list, John’s a great guy and great trader.
    You can’t discount any of the old books (Pre 1980) by the likes of W.D. Gann, Elliott Wave Principle, Jesse Livermore and Richard Wyckoff – They all have their unique points.
    Would be traders also need to understand that this is a profession not a hobby, and lot’s of study and learning are involved.

  19. What do you think of “Way of the Turtle”.

  20. Tirthakrit Mukherjee

    All top notch books in the reading list. Another I would say should be included for traders looking for price action trading is Day Trading With Short Term Price Patterns by Toby Crabel.

  21. Jason Palmer

    awesome, will pop down the bookshop in canary wharf and pick em all up today !

  22. Niki

    Great post thank you Alessio for this helpful list! I am currently reading through ‘Trading for a Living’ by Dr Alexander Elder, incredibly useful insights into Trading Psychology!

  23. Christian

    Thanks for the list! :D

  24. Richard

    >All top notch books in the reading list. Another I would say should be included for traders looking for price action trading is Day Trading With Short Term Price Patterns by Toby Crabel.<

    A right up-to-date and unique book on price action, just released this month is:
    "Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader" by Al Brooks. The first of three in-depth books on price action.

    Quite special and complex (for the serious trader as it notes). Al Brooks has another book on topic but so difficult to read. Read the Amazon reviews to see what this means. I am waiting on Amazon to deliver my copy.

  25. Thanks Richard for the book recommendation on Al Brooks – sure, it sounds great. I will look into this.

  26. Great selection of books. The Schwager books on great traders are very interesting espcially on Ed Sekoyda.

  27. AMAR SHAH

    Hello Alessio,
    I been following your blog and its really helpful. Just want to know that i don’t have the knowledge of technical analysis which books are recommended by you for learning technical analysis other than above or is it that above list is OK to start with.Thanks in advance.

  28. Hi Amar. I would start with the ones I have recommended. Apart from those, you can try The Psychology of Trading by Brett Steenbarger, Trade Your Way to Financial Freedom by Van Tharp, and William O’Neill’s book on How To Make Money in stocks. All the best.

  29. DeadAsEuro

    Hello Alessio,

    I will give a try to the first one.

    I will give you my list:

    1) Japanese candelstick by Steve Nison : the bible of candlestick
    2) Pitbull : Martin Schartz (full life of a trader epich!)
    3) Principles of proffessional speculation: Victor Sperandeo => this is where I learned how to draw a trend line (please don’t laugh because I saw many who don’t know how to draw they try to gather multiple points, cut the wicks instead of drawing from the lowest low to the highest low for an uptrend). Many examples.
    4) STREET SMARTS : LAurence Connors & Linda B Raschke. Many patterns BUT I found hard to find kind of setups except the TURTLE SOUP + 1 day which is a true swing technic.
    5) Connors Vix REVERSAL: Laurence Connors : VERY GOOD BUT INEFFICIENT withe the current US market which is MANIPULATED BY FED AND FRIENDS (Goldman SACHS). The mouvement of the SPX is fairy tale. BAD FONDAMENTALS but they keep hiding it by making rallies by buying futures which trigger the cash flash trading. POSSIBLE WITH LOW VOLUME ONLY THE crowd will be caught! Institutionals are outside the market. THE MANIPULATION IS SO SCREAMING! Only the FOREX is independant. So the book pattern based on vix cannnot be trade.

    This is where I took my main strategy like (close to SMA34 swing pattern shown in the last webinar) you with Carter’s one.
    Many examples,COMPLETE and usable, A must!

    AND THE LAST READY TO READ:

    HOW TO BEAT GOLDMAN SACHS ON THE MARKET BY ALESSIO RASTANI

    Regards

    PS: sorry for the english I am french.

  30. Hi there! Bonjour! Merci beaucoup pour ecrivir votre “Comment” dans mon Blog. Pardon my poor use of french. I like your suggestions, I recognise some of the names. I think the Steve Nison is an excellent book which I also have. I’ll see if I can update my blog post to include a few of your suggestion too. Take care and many thanks!! Alessio

  31. AMAR SHAH

    hi alessio is market wizards and new market wizards two different book or same books

  32. Mika

    “The small stock trader” by Mika is also a small unique book that covers almost all the major stock market topics such as the traits of a successful small stock trader, how to choose a few simple focus stocks, market sentiment and industry, fundamental analysis, technical analysis, short selling, your edge and competition, catalysts that move the stock prices, stock trading plan, discipline, risk management and psychology. It is a simple book of about 100 small-sized pages (more like a collection of tips, perhaps 4-5 hours read), but it will answer many of your questions, so, it is a great book to start (no need to mention that about 90% of your lessons you are going to learn from your own experience/mistakes). It is also a fun-to-read book, as it is accompanied by a few jokes and observations from poker, intelligence world, relationships, happiness, Zen, and psychology.

  33. George

    Hi,I miss “Way of the Turtle” from Curtis M.Faith in your list.

  34. Here is a list of top notch trading books for both beginners and more advanced traders.

    theeverydaytrader.com/trading-books/

  35. Kate Adams

    I would also suggest recently published “The Emotionally Intelligent Investor: How Self-Awareness, Empathy and Intuition Drive Performance” by Ravee Mehta who previously worked at Soros fund mgmt. he also has an interesting blog post at theemotionallyintelligentinvestor.com.

  36. Jan

    I have read over 50 stock trading books and there were only a few good ones like:

    • The small stock trader by Mika
    • “Lessons from the greatest stock traders of all time” and “How legendary traders made millions” both by John Boik
    • “Reminiscences of a stock operator” and “How to trade in stocks” both by Jesse Livermore
    • How I made $2,000,000 in the stock market by Nicolas Darvas
    • How to make money in stocks by Willien O’Neil

  37. Chris Gates

    Reminiscences of a stock operator by Jesse Livermore