We were too, so we bought and read just about every book we could get our hands on. It just has to make you money. Hence the enormous demand for the best day trading books that will actually help you trade like a pro.

Now actual good day trading books are filled with applicable knowledge. This is a very different thing than trading advice from Twitter or your neighbor. These are the top books and most coveted by our trading community. There are a thousand different articles on the best day trading books. This one is going to be a little bit different because we have a mix of timeless classics and fresh titles that are most relevant to trading You may recognize a few of the names of these books below. Check out our stock market books page for a list of trading books and swing trading books that we recommend.

Speaking of information after reading, check out our day trading course for stock market training. Right now we give all our courses away for free.

Trading in the stock market is tedious for your mind. Mark Douglas has been a writer and industry psychologist for very long time and has written one of my favorite books on day trading stocks. If you have ever read Trading in the Zone then you may recognize his name.

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A couple of the takeaways from The Disciplined Trader are that traders need to understand how their emotions will affect their trading decisions. When getting into a trade take direction from the market, not from your hopes or fears. Both books by Mark are both really popular day trading books because they address our humanity, our psyche and will give you a mindset edge when trading.

When you understand the way our minds work, you can become more robotic with your trading, and thus, much more successful. This book covers the application of candlestick charting and the varying complexities. This book will help you learn arguably one of the most important parts of trading, candlestick patterns.

When I was a newbie, I did not know patterns. I made a lot of mistakes. The author is a little repetitive, but he does a great job of walking you through the basics of charting patterns with interesting anecdotes of its historical concept. I'm liking the material very much. However, the book itself is horrible. It smells It's like it was dipped in formaldehyde before being shipped. I wear a mask to cover my nose when I read it to keep from triggering asthma.

The cover must be made of cardboard or something weaker.

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If you store it upright it will sag and deform. The paper feels like it might be rice paper or something. Don't ever spill anything on this because it will probably melt.



Plus the ink runs just from using a sticky tab as a book mark. I have never encountered any of these problems with any book in my life. Honest to God if there was a better quality copy I'd pay more for it. The explanations are adequate, but this book heavily relies on following charts, and charts in Kindle version I assume book too are extremely strenuous to follow. They look like scanned diagrams of prints from 20 years ago and are placed very unnaturally, you have to always turn the page to go to a corresponding diagram even if you are viewing two pages at a time.

Strategies for Profiting with Japanese Candlestick Charts [With 4 DVDs]

The information is there, it's just a chore to look at. I ended up googling every single chapter for better diagrams and charts. I must say, the table of content is a decent guide for which topics to google though. Not sure if the publisher for the 2nd edition just decided to be cheaper but the quality is no where near as good as the first edition. The book is comprehensive but my issue is that after carefully reading about each candlestick pattern, I feel all candlestick charts are useless because they only look at one or at most a few candle lines, which are noise and non-trending anyway.

I compared a few candle charts from real market price movements and then convinced myself that those candle patterns are random and non-conclusive. The author stated on page that "candle charting techniques are a tool, not a system," in the sense that it should never be used standalone but needs to be paired with other more quantitative methods.



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This, on the other hand, means that candle charts have really no use. Go to Amazon. Back to top. Get to Know Us. Connect with Us. Make Money with Us. Let Us Help You. Shopbop Designer Fashion Brands. This book is the definitive volume on candlestick charting, which is one of the most commonly used technical analysis tools. He helped publicize the technique and train institutional traders and analysts at top investment banking firms.

The book offers a thorough explanation of the subject, including explanations of virtually all candlestick patterns that are used by traders today. This book is truly an encyclopedia that contains an exhaustive list of chart patterns a statistical overview of how they have performed in predicting future price movements. Bulkowski is a well-known chartist and technical analyst and his statistical analysis set the book apart from others that simply show chart patterns and how to spot them.

The updated version of the book includes a section on event trading and patterns that occur with news releases.

Ratings and Reviews

This book has a wide appeal for technical traders because it can be helpful to traders regardless of the strategy that they use. The book highlights the value of applying technical analysis across multiple timeframes to identify trades with the highest probability of success. It also goes well beyond what its title implies and covers subjects including short selling, stop-loss order placement, price target identification, and related topics.

There have been more than 10, books on technical analysis released for traders, but these seven stand out. There have been many books written on technical analysis, but some of them have become timeless classics that are invaluable to traders. Those new to technical analysis may want to check out these books to fine-tune their strategies and maximize their odds of success.

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