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Top 10 Best Investing Books For Beginners

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In this blog article you will find some of the Top 10 Best Investing Books For Beginners. Oftentimes I receive questions from new traders asking “what is trading?” and beginners seeking to know more about trading and the best strategies and techniques to trade the markets successfully. Covering subjects like how to trade forex, stocks, options, trend and reversal strategies, several books have been written but what should beginners read to get started and start making consistent profits.

So, I have taken the time to select the top 10 investing and trading books ranging from the basics to advanced strategies all investors and traders will want to read to learn what actually works. Whether you are a beginner or already a profitable trader, there is something here for everyone. I suggest you practice what you learn in these books.

So here are 10 books you could read if you want to become a successful investor and trader!

1. Encyclopedia Of Chart Patterns

2. Trading In The Zone

3. Naked Forex

4. Market Wizards: Interviews With Top Traders

5. Reminiscences Of A Stock Operator

6. Trade Your Way To Financial Freedom

7. Way Of The Turtle

8. The New Trading For A Living

9. Mastering The Trade

10. Trading Price Action Trends

1. Encyclopedia Of Chart Patterns

As its name implies, Encyclopedia of Chart Patterns is a voluminous book compiled and designed for seasoned traders and a book that every investor should read. This is the most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are.

A must-read for anyone that's ever looked at a chart and wondered what was happening . Together with credible suggestions, tested and proven advice, Thomas N. Bulkowski also provided relevant explanations on how to use charts to improve trading. This is one of the best trading books for beginners.

2. Trading In The Zone

This is one of the best books in trading psychology. I believe all the top traders and the consistently winning one's own or have read a copy of this. It took Mark Douglas seven years to complete the book.

While bursting with informative advice on various ways of improving your trading levels, this book is primarily designed to adjust your behavior and the way you see things so as to prepare you for your future endeavors in the market adequately.

The book focuses on the psychology of trading and the relevance of having a healthy mindset. No wonder, it is considered as the “bible of trading psychology.” No doubt this is one of the best investing books of all times.

3. Naked Forex

Naked Forex teaches traders how to profit the simple naked way! A streamlined and highly effective approach to trading without indicators. Most forex traders rely on technical analysis books written for stock, futures, and option traders.Though it’s relatively impossible to trade without technical analysis, however, this had been the case in times past. The strategies in this book work on most markets, not just forex.

In his book, Naked Forex, Walter Peters offers helpful information on how forex trading can be effectively done in the simplest possible way and ideas on how to read candlestick charts. I hope this book will really help beginners, giving a different edge on the way of trading.

4. Market Wizards: Interviews With Top Traders

Bestselling author Jack D. Schwager interviews dozens of top traders across most financial markets and discusses their trading strategies. It not only discusses stocks but currency and commodities as well. There are a lot of insights in the book that take a lifetime to appreciate.

While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success.

Jack D. Schwager also distills the top traders’ responses down into a set of guiding principles you can use to become an investing and trading star in your own right.

5. Reminiscences Of A Stock Operator

This book is the thinly disguised biography of Jesse Livermore, an American trader famous for both colossal gains and losses in the market. He successfully shorted the 1929 market crash, building his fortune to $100 million. However, by 1934 he had lost his money and tragically took his own life in 1940. He’s among the World's 10 Most Famous Traders of All Time.

A highly recommended and best book for beginner stock traders. It is also a very good guide to stock market investing. Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life and make you a better trader. The content is very much about the mental aspects of trading.

6. Trade Your Way To Financial Freedom

This trading book features Tharp’s new 17-step trading model. The book also addresses reward to risk multiples, as well as insightful new interviews with top traders and features updated examples and charts.

There are very good discussions on position sizing and risk management, which is close to the “The Holy Grail'' in trading. This book covers a lot of the basics, money management, trends, breakouts, band trades covered in some detail and tested in the book. The Best information in this book is about money management and expectancy of trading systems.

7. Way Of The Turtle

This book explains the reasons for the success of the secretive trading system used by the group known as the “Turtles.” Top-earning Turtle Curtis Faith lays bare the entire experiment, explaining how it was possible for Dennis and Eckhardt to recruit 23 ordinary people from all walks of life and train them to be extraordinary traders in just two weeks.

As a beginner, if you are uncertain about where and how to start trading, this book will be of great help in showing you the way. The book has value to investors as well as traders.

8. The New Trading For A Living

I often recommend this trading book for those who are new to investing and trading. Even before you make your first real trade on the market, it is important you read this book and learn about the basic principles of trading psychology, discipline, trading tools, risk control and trade management.

The risk management section is worth the book alone. Risk management is the key to being successful. Elder's approach to back-testing, risk management, and philological aspects of trading are pure gold. I totally agree on developing a system that gives less signals and less trading. Not forcing trades and taking trades that are 100% part of the plan, no deviation, no winging it. You can also check out our complete guide about risk management here.

While presenting you with a wider range of how your analysis should be conducted, it also offers a winning strategy along with some interesting new ideas that can help your trading. Read this book and learn how to overcome common trading mistakes.

9. Mastering The Trade

Mastering the Trade is an excellent source for a basic understanding of market action, be it day and/or longer-term trend trading. In this trading book, you will find and learn several trading strategies that can be applied to succeed in trading. John F. Carter's strategies can be used to profit from most markets.

You will get to know more about the essential tools and proven techniques for profiting from intraday and swing trading setups. The book is loaded with actual, working strategies that can help you succeed and overcome failures in trading. Just like talking to a personal financial adviser, this book is presented in a friendly tone that will give you the real facts.

10. Trading Price Action Trends

This book enables one to independently analyze the charts based on pure candlestick price action without any dependency on additional indicators, as the title suggests. If you're looking to day trade successfully, the strategies found in Price Action Trends Bar by Bar will help you achieve consistent profits.

In this book, Al Brooks explain with examples his 5-minute price charts trading system. He's found a way to make consistent profits regardless of market direction. It's an informative book of his system where you can follow his trading method step by step through the entire process.

You will learn about institutional piggybacking, trend trading, trading ranges and reversals. Breaking down everything into a successful methodology. The book describes in detail what individual candlesticks and combinations of candlesticks can tell a trader about what smart money is doing. I like this book because it gives you techniques to place the right trades in different trends.

So these are the Top 10 Best Investing Books that I would recommend, for beginners as well. Hope you enjoy reading it!

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