Technical Analysis of the Financial Markets by John J. Murphy
Everything you need to know about technical analysis is in the book “Technical Analysis of the Financial Markets.” This includes everything from the basics of trading to more complex indicators and tools. This book was written by John J. Murphy, a former director of Merrill Lynch, in 1998. It has become a bible for traders, and it was nominated by more analysts than any other title in this top 10.
To make technical analysis come to life, the book includes more than 400 charts, as well as sections to help traders put what they’ve learned into practice. This is a “must read” for traders of all skill levels.
Trading in the Zone by Mark Douglas
‘Trading in the Zone’ by Mark Douglas talks about the psychological traits you need to be a good trader and how you can improve them. It is thought to be one of the best books in the field because it has a lot of practical ways to control your emotions.
These techniques aren’t meant to replace your plan or analysis, but they could help you run your strategies more quickly and keep your losses to a minimum.
The Alchemy of Finance by George Soros
In “The Alchemy of Finance,” George Soros talks about how he trades and talks about “reflexivity,” which is the idea that fundamentals can be changed by prices. Even though this is against what most people think about economics, Soros says it has helped him make more money than other traders.
Before Black Wednesday, he was one of the most successful traders of all time. This book gives traders a fascinating look into his mind years before he caused it.
Market Wizards by Jack D. Schwager
Interviews with some of the best traders in the world, by Jack D. Schwager, are in the book “Market Wizards.” They talk about what makes them different from the rest of us and tell the stories behind their biggest trading wins.
In this example, it shows that success isn’t based on luck, but on how well you can make a good trading plan and have the right mindset.
Day Trading and Swing Trading the Currency Market by Kathy Lien
In her book, Kathy Lien gives traders a variety of technical and fundamental strategies that can be used to find overbought or oversold markets. These strategies can be used to make money when the market is going up or down. These are strategies that use interest rate differences, news, and intermarket relationships to make money.
A new version of the book was published in 2016, making sure that the information is still relevant to today’s markets.
The Black Swan by Nicholas Taleb
In his book, The Black Swan, Nicholas Taleb talks about how unpredictable events can have a big impact on people and how people try to make sense of them after they happen. His main idea is that most financial models are wrong because they don’t take into account these events, which leaves traders at risk of taking on too much risk.
Preparing for the unexpected and making sure every trade has a low risk are important lessons from this book.
Bollinger on Bollinger Bands by John Bollinger
According to the book’s title “Bollinger on the Bands,” this is John Bollinger’s guide to the Bollinger Bands. In this book, he talks about how to use the tool correctly and avoid common mistakes, and he talks about how to use other types of analysis to see how markets are likely to move.
This isn’t all: The book also talks about how the indicator came to be, and how three methods can help traders get the most out of the tool.
Learn about Bollinger Bands.
Japanese Candlestick Charting Techniques by Steve Nison
Steve Nison’s book, “Japanese Candlestick Charting Techniques,” was first published in 1991. It gives the reader everything they need to learn how to read candlestick charts. People who are already good at trading will learn how to use popular technical analysis tools to back up their candlestick readings. People who are just starting out will learn how to use candlesticks on their own.
The book has hundreds of examples and explains how to use the methods it talks about in a real-world setting.
Trend Following by Michael Covel
‘Trend Following’ by Michael Covel talks about how traders can follow market trends to make money even when there is a lot of uncertainty. Covel talks about a technical system that traders can use to bet on a wide range of markets. It was updated after the market crash of 2008, when trend followers were able to beat expectations and make more money than they thought they would.
The book has practical advice that will help the reader think and act in a new way, increasing their chances of making a trend-following system that works.
America’s Bank by Roger Lowenstein
It talks about how the Federal Reserve (Fed) came to be in 1913. Roger Lowenstein wrote about this in his book, ‘America’s Bank’ For a long time, the idea of an American central bank was very controversial. Many people had long-standing suspicions about bodies that tried to make country-wide changes in the economy. Until the panic of 1907, when the New York Stock Exchange lost about 50% of its value.
By looking at the four main characters at the heart of the story, Lowenstein tells the story of that crisis and how it led to a lot of other things. Readers won’t get any specific trading advice from this book, but they will learn a lot about the history of the Federal Reserve.
Forex Trading: The Basics Explained in Simple Terms – Jim Brown
91 pages, this is a short forex trading book that explains what forex is and how the market works to people who want to start trading. It also gives practical advice on how to choose a forex broker, how to trade, and how to use some simple strategies. Traders who start out with these strategies can build on them or add to them as they get better. This book is the first step. The author has two more books for traders who like his writing style and want to learn more.
If you want to learn how to trade forex on our platform, check out our article on how to start trading on our platform for beginners.