Trading stocks as a complete novice can seem like an intimidating task, to say the least, or downright dangerous if you don’t adhere to well thought out strategies and techniques. That’s why we’ve put together this Top 10 Best-Selling, Beginner’s Books guide to help you start making smart trading decisions in the stock market today.
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#1 matthew r. kratter “a beginners guide to the stock market”
How to make money in the stock market, if you have never traded before? Well, why not start with Kratter’s “Beginner’s Guide to the Stock Market” which will give you a basic overview of everything you need to know when you start trading the stock market for the first time. Learn how to avoid gambling your hard-earned money or making costly rookie mistakes and start making money in the stock market today. Among its many lessons, this book will teach you:
- where to open a brokerage account;
- how to buy your first stock;
- how to create passive income;
- what to consider when choosing stocks;
- how to spot a stock that is about to break out;
- how to trade stocks with momentum;
- inside tricks used by professional traders;
- what you should never do when buying value stocks.
#2 martin schwartz, dave morine, paul flint “pit bull: lessons from wall street’s champion day trader”
“Pit Bull: Lessons from the Champion Wall Street’s Day Trader” takes the reader on the journey of Martin ‘Buzzy’ Schwartz, whose career as a Wall Street trader rightfully earned him the nickname ‘Pit Bull.’ The book is a comprehensive true story of how Schwartz made his millions, the mistakes and triumphs along the way, and the lessons learned throughout.
A fascinating insider account for beginners and experts on the tricks, strategies and attitudes needed to become a winner.
#3 edwing lefèvre “reminiscences of a stock trader”
Another book based on true events, chronicles the life of Jesse Livermore, his dizzying journey through trading in small convenience stores to make and lose millions on Wall Street, and what failure taught him along the way.
Although it was published nearly 100 years ago, its vivid and compelling portrait of success and failure has lessons that remain relevant to this day. A truly timeless tale, “A Stock Trader’s Reminiscences” has remained the most widely read and recommended investment trading book of all time.
as the man himself said, “there is nothing like losing everything you have in the world for teaching you what not to do. and when you know what not to do so as not to lose money, you begin to learn what to do to win. did you get it? you start to learn!”
#4 john j. murphy “technical analysis of financial markets”
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john j. Murphy’s “Technical Analysis of Financial Markets” is considered by many to be the definitive manual for technical analysis, providing everything you need to know about trading using technical analysis. provides a full description of:
- reading charts;
- understanding indicators;
- how to track and analyze market behavior.
this book is a revised version of murphy’s earlier release “technical analysis of futures markets” which includes new material on candlestick charts, market relationships, stocks and stock rotation, with examples and over 400 graphics to help apply theory to practice.
#5 stan weinstein “secrets to profiting in bull and bear markets”
another reference to the basics of technical analysis in trading is the “secrets to making profits in bull and bear markets”. Weinstein outlines various strategies for profiting in both rising and falling markets, employing both fear and greed to become a better trader. With case examples and sample questions after each chapter, the reader will be fully prepared to take on the stock market! In addition, Weinstein will exhibit:
- your personal philosophy on investing;
- the best time to buy;
- knowing when to sell;
- the rules of selling in short
#6 michael lewis “the big gamble: inside the doomsday machine”
after spending 28 weeks on the new york times bestseller list, the best known book in this guide has to be michael lewis’s “the big short: inside the doomsday machine”, convincingly sensationalized by the movie critically acclaimed 2015. of the same name.
The book offers a very engaging look at the years leading up to the eventual collapse of the US housing bubble in 2007 and 2008. Although the story is full of mind-boggling and ridiculous financial schemes, the author has opted for a narrative based on personality. which makes the book more accessible and fun to absorb.
Although an entertaining story, at its core, the book is an exploration of what makes a successful trader. delves into the psyche of short sellers and how they used their strategy to exploit market weaknesses.
#7 william o’neil “how to make money in stocks: a winning system in good times and bad”
Despite the fact that “How to Make Money in Stocks: A Winning System in Good Times and Bad” was first published in 2009, a year after the market crash, it managed to sell as many as two million shares. do you copy. Here William O’Neill presents his CanSlim Investing System: A seven-step guide to maximizing profit and minimizing risk, backed by 125 years of research on the best-performing stocks.
He believes that market timing, trading and interpretation of stock charts can significantly assist your investment. you will surely find proven tricks:
- to recognize winning actions;
- tips for spotting the best stocks, mutual funds and etfs.
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Overall, this book provides excellent strategies for investing in stocks, as well as a list of common mistakes investors should avoid making along the way.
#8 mark douglas “trading in the zone: mastering the market with confidence, discipline and a winning attitude”
Instead of presenting the reader with numbers and charts, this book is about the psychological aspect of trading, about how to overcome your flaws to become a more objective trader.
douglas suggests that most of the mistakes a trader might make “will come from attitudes about being wrong, losing money, losing and leaving money on the table. … the truth is that the typical trader wants to be right on every trade. he’s desperately trying to create certainty where he just doesn’t exist.”
“trading in the zone” equips the reader with various tools to control their ingrained mental habits and emotions and instead look at a particular trade from a purely risk and reward point of view. accept risk by accepting “the consequences of one’s trades without emotional discomfort or fear.”
connector #9 d. schwager “market wizards”
Definitely a must-read for any aspiring trader, “Market Wizards” offers insight into the minds of the most successful traders the world has ever seen. You’ll hear directly from the experts in this interview-style book, featuring investment superstars like Bruce Kovner, Paul Tudor Jones, and Jim Rogers. To make it even more engaging, the author has condensed his answers into a set of principles that he can apply to his personal business career.
Although it is a captivating read, the real value of the book lies in the commonalities, as well as the differentiators it discovers among the interviewees. once again revealing that success in the marketplace is determined by sound methodology and state of mind, rather than luck or extreme ingenuity.
#10 joel greenblatt “the little book that beats the market”
In another New York Times bestseller, “The Little Book That Beats the Market,” Joel Greenblatt does more than just lay out the basic principles of stock investing. rather, the reader is presented with a reasonably simple investment strategy called a “magic formula.” in fact, he can test the formula online here.
greenblatt’s use of plain language and humor ensure that the reading experience is enjoyable and accessible. you will learn:
- how to use this low risk tool and beat the market by a wide margin;
- how to watch the stock market;
- how to start watching the performance of earnings instead of dividend yield when making investments;
- why this too will still work even after everyone knows about it.
frequently asked questions about stock trading books
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