 Books
on Trading and Investment
-
From Beginners to the Advanced Trader
For those who like to read, and learn from it,
this is the lowest cost way to learn. The following list of books
provides an excellent starting point for the beginner and allows you to
progress to more challenging levels as you master the basics.
As you gain in confidence with your investments and trading, you can
extend yourself with the additional reading list. While I have become a
convert to using charting and technical analysis, my background in
economics has provided a good appreciation of the Fundamentals
approach.
This may well suit some people more than the Technical
approach. There are certainly many people in the investment industry
that only use Fundamentals, and Warren Buffett and Charlie Munger are
excellent examples of how it can still make you a billionaire. If this
is your preferred style then use it.
While I
now make use of Charting techniques in my decision making, it does not
mean that I ignore fundamental information completely. Both
forms of learning have their uses. If the fundamentals are not right,
there is nothing of substance to drive the price.
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» General Reading
» Books for
Beginners
» Charting and
Technical Analysis
» More Advanced
Techniques
» The
Fundamentals Approach
» Trading
Psychology
» Motivational
Reading
General
Reading
Janet Lowe - Warren Buffett Speaks
Edwin Lefevre - Reminiscences of a Stock Operator
Jack Schwager - Market Wizards
Jack Schwager - New Market Wizards
Robert Kiyosaki - Rich Dad, Poor Dad
George S Clason - The Richest Man in Babylon
Ric Edelman - Ordinary People Extraordinary Wealth
Books for
Beginners
Daryl Guppy - Share Trading
Daryl Guppy - Chart Trading
Daryl Guppy - Bear Trading
Charting
and Technical Analysis
Martin Pring - Introduction to Technical Analysis
More
Advanced Techniques
Ed Easterling - Unexpected Returns
Joseph Ellis - Ahead of the Curve
Deborah Weir - Timing the Market
W D Gann - Truth of The Stock Tape
W D Gann - Wall Street Stock Selector
W D Gann - New Stock Trend Detector
W D Gann - 45 Years on Wall Street
W D Gann - How to make profits in Commodities
The
Fundamentals Approach
Robert Hagstrom - The Warren Buffett Way
John Mauldin - Bulls Eye Investing
Hughes Wilson and Kidman - Masters of the Market
Trading
Psychology
Mark Douglas - Trading in the Zone
Mark Douglas - The Disciplined Trader
John Mauldin - Just One Thing
Motivational
Reading
Anthony Robbins - Awaken the Giant Within
Bob Proctor - Born Rich
H. Wattles - The Science of Getting Rich
Maxwell Maltz - Psychocybernetics
The more I learn about trading the more importance I place on getting
the mental approach to it correct. When this was mentioned in
the
first seminar I attended, it was an additional thing at the
end of the three
day course after covering all the technical aspects of trading.
My own experience has confirmed that this is an area of study in its
own right. If your mental frame of mind is not right the probability of
losing in your trading is very high. The advice given to me was: if you
have a losing run, then stop trading and reassess what you are doing. I
agree with this completely, and have followed the advice.
The last two groups of readings are all
about getting your
self-discipline and thinking right. Visualize your success in
trading.
For Australian Traders I use and recommend
the Educated
Investor Bookshop.
Educated Investor Financial Bookshop
For American Traders I recommend Amazon.com
Buying locally will lower your postage costs.
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