Hey traders,
You frequently ask me to share a list of trading books that I personally recommend.
In this post, I gathered 5 books every trader must-read.
Please, note that in that list I included the books that changed my perception of trading. Most of them focus on the psychological aspects of trading and do not teach any particular trading strategy.
📕Trading in The Zone by Mark Douglas.
Douglas uncovers the main fallacies of newbie traders. He focuses on the psychological aspect of trading and its tremendous role in this game. Relying on studies of the human psyche the author teaches readers to beat the ingrained mental habits.
📔The Black Swan by Nassim N. Taleb.
Even though that book is not about trading, it uncovers the aspect of probabilities in life and our perception of them. Especially, Taleb focuses on very rare and extremely low probability events that humans frequently neglect in their predictions and the impact of their occurrence in our lives.
📘The Disciplined Trader by Mark Douglas.
One more book from Douglas. This paper describes the mindset of a successful trader, useful habits and traits. It is looking for reasons why most of the traders fail. The author teaches how to properly react to losing and winning trades and changing market conditions.
📙Market Wizards: Interviews with Top Traders by Jack D. Schwager.
Best traders of the entire world share useful insights of trading. Top experts in the industry talk about their journey, about their path to success and share their valuable experience.
📗Trend Following by Michael W. Covel
Trend is our friend. That is the axiom no one doubts. The only problem is that it is not that simple to follow the trend.
In this book, Covel describes a profitable and efficient trend-following trading strategy adopt.
Of course, reading these 5 books does not guarantee that you will become a consistently profitable trader but I consider them to be very impactful. I always told that a proper mindset is one of the most important things in trading and these books will help you to build it.
Did you read these books?
