Recommended Reading for Stock Market Trading Success

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The stock market and the concept of research go hand-in-hand; anyone serious about buying stocks hears all about the significance of doing your homework ad nauseam. If you’re the type who prefers to do your own reading over attending seminars or talking one-on-one with Wall Street investors, here’s a list of some of the best books about how to be successful trading stocks.

If there were a “classic” in the arena of books about trading stocks, the quintessential example is How I Made $2,000,000 in the Stock Market.

Written by Nicolas Darvas and published in 1960, this anecdotal account of one man’s experience navigating the stock market by trial-and-error stands the test of time. This is a realistic telling of the failures involved with attempting to chase after the fluke scenario which landed Darvas with a tremendous profit, upon selling off a stock he was surprised to see rising steadily even after a 52 week high. His easy-to-read style makes learning about his unique “box system” strategy highly accessible to anyone at any stage of their trading adventure while maintaining a tone of realism regarding market volatility.

Some hate technical analysis, others swear by it; one of the most recognized experts on how to be successful trading stocks wrote Getting Started in Technical Analysis.

Author Jack Schwager is renowned for his approach to guiding a beginner through the use of technical analysis when choosing stocks to buy. This book contains clear illustrations of market patterns and fluctuations to teach the new investor how to make use of this style of tracking and trading stocks. He offers a set of essential trading rules which are easy-to-read and worth the entire cost of the book alone. Numerous readers and reviewers note this book for their improved success rate buying and selling stocks.

If Jack Schwager’s approach to technical analysis fails to make an impression, another writer with his own version of how to be successful trading stocks contributed a book titled How Technical Analysis Works.

Some seemingly complicated concepts and ideas may require more than one method of explanation to make sense to various individuals. Bruce M. Kamich wrote this guide to understanding the fundamentals of chart patterns and how to read them in order to make a profit in the volatile game of trading on the stock market. One reviewer on Amazon.com was pleased enough with the quality of explanation to write, “This book is worth the price and you’ll make it back many times over by using the information [to build] your portfolio.”

Among books about stocks and methods for trading, How to Make Money in Stocks: A Winning System in Good Times or Bad is an informative read about growth investing. 

William O’Neil teaches investors how to invest in companies demonstrating exceptional earnings and sales growth, one of many strategies to use when choosing stocks to buy. The baseline guidelines regarding how to choose companies with great stock options include researching specific company earnings and growth data per quarter. While these guidelines are simple enough to learn, O’Neil takes his account several steps further into clarifying the right moments to buy versus when one should sell.

Japanese Candlestick Charting Techniques outshines several other books on stocks and how to use candlestick skills. 

Steve Nison’s book might be the only book any investor truly needs to grasp candlestick charts. The illustrations are easy-to-understand for those wanting to merge Western technical analysis with Japanese candlesticks to improve one’s market deciphering skills. Joining Japanese candlesticks with other technical tools makes for effective navigation in the stock market. Thoroughly infused with authentic experiences trading, newcomers to investing learn illuminating market patterns in Nison’s guide.

Published in 1923, the highly recommended Reminiscences of a Stock Operator stands out as another must-read on numerous lists of best books about trading stocks. 

Author Edwin Lefèvre, former Ambassador of The United States for President Taft, would quite possibly win the “Most Popular” award for his work if any such honorific were bestowed on books about stocks. Readers at all stages of trading experience cite the lessons learned about human behavior and the market among the most useful they have encountered (and purposely re-encountered). The anecdotal evidence of how people react emotionally and, therefore, financially, is strong, relevant, and proven to be insightful to investors spanning a century of trading history.

Numerous investors say they learned how to be successful trading stocks after reading tested, objective statistics and definitive explanations in Encyclopedia of Chart Patterns.

Moving away from anecdotal or opinion-based guides, Thomas Bulkowski explains trading with evidence and financial data. In the newer edition of his original work, he offers fresh performance statistics regarding both bull and bear markets. This volume includes 23 new patterns and an in-depth review of ten event patterns (events include retail sales, stock upgrades or downgrades, quarterly earnings announcements, etc.).

Trading for a Living is one of the books about stocks which is much more than meets the eye. Beyond indicators of technical analysis, the books reveals the inner-workings of the stock market essential to investors at every level of experience. 

Alexander Elder makes an obvious, but, too often ignored or discounted truth; markets move because of people and indicators show more then trends – they reveal clues regarding price action. With his focus on making a living from trading on the market, the author deliberately calls out various falsehoods hoisted on unsuspecting newcomers as secrets to unlocking wealth on Wall Street. His attentive readers are never again fooled by the so-called “gurus” who make money off of selling their training courses, not trading stocks.

Four of the most highly regarded experts discussing how to be successful trading stocks joined forces to write Momentum Masters – A Round-table Interview with Super Traders.

Authors Mark Minervini, David Ryan, Dan Zanger, and Mark Ritchie II gathered the 130 most frequently asked relevant trading questions and went into detail to answer them in their joint work. Each author answers every question with his own approach offering investors varying systems and suggestions to implement into their own trading practices. Readers report feeling as though they were sitting in on the interview alongside the authors themselves while many of their own questions were answered and clarified.

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