Below are two tables that we have complied to show our book reviews. The top section focuses on the Technical Analysis and the theory side of Trading and the bottom table is more about Trading Emotions and Trading Psychology.
We hope this quick reference will help your Stock Market education.
This Top Section Mainly Focuses on Technical Analysis
Title
The Candlestick Course
Author
Steve Nison
Description
Steve Nison shows you just how powerful candlesticks can be as he has tremendous experience in candlestick charting. He also provides seminars to well known banks and institutions. Recommended for all levels of traders.
Title
Secrets for Profiting in Bull and Bear Markets
Author
Stan Weinstein
Description
This is the book we refer to as the “trading bible”! This is the foundation of our trading strategy and it really is a MUST READ! It is well written and there are many great examples in it. This is just as useful in today’s market as 20 years ago. Don’t get fooled by his 80’s haircut though as he knows his stuff. Recommended for all levels of traders.
Title
Bollinger on Bollinger Bands
Author
John A. Bollinger
Description
John Bollinger is a giant in today’s trading community. His Bollinger Bands sharpen the sensitivity of fixed indicators, allowing them to more precisely reflect a market’s volatility. By more accurately indicating the existing market environment, they are seen by many as today’s standard―and most reliable―tool for plotting expected price action.
Title
The Logical Trader
Author
Mark Fisher
Description
Mark Fisher explains in great detail his “ACD” strategy also known as the “opening range breakout”. It is well written and easy to understand. Mark Fisher really makes it easy to understand the market and really gives you precise rules to follow. Recommended for all levels of traders.
Title
Fibonacci Trading: How to Master the Time and Price Advantage
Author
Carolyn Boroden
Description
Fibonacci Trading offers new insight into pinpointing the highs and lows in market trading with a proven approach based on a numeric pattern known as the Fibonacci series. Armed with the know-how and tools inside, you'll learn how to maximize profits and limit losses by anticipating market swings based on an enlightened understanding of how Fibonacci levels determine market trends.
Title
High Probability Trading
Author
Marcel Link
Description
A very realistic book that has real life examples shows how Marcel Link finally made it. It shows strategies useful in both long term and short term trading and his simple approach such as his “channel trading” has had a great impact on our own trading. Recommended for beginners but the book does also provide great value to more experienced traders.
Title
Encyclopedia of Chart Patterns
Author
Thomas Bulkowski
Description
A great book for traders looking to learn about chart patterns. Thomas Bulkowski shows result/stats on many different chart patterns. It is great for increasing the profitability of your trading plan and knowing which kind of for example “double tops” works best in which kind of environment. Recommended for all levels of traders.
Title
Point & Figure Charting: The Essential Application for Forecasting and Tracking Market Prices
Author
Thomas J. Dorsey
Description
A Point & Figure book that explains a complete trading strategy. We do not trade Point & Figure but the sector analysis part of the book is very educational and mind opening. Also the part with relative strength adds great value to the reader. Recommended for all levels of traders.
This Section Mainly Focuses on Trading Psychology
Title
Trading in the Zone
Author
Mark Douglas
Description
A book that focus solely on trading psychology so don’t expect to find any strategies in here. This book explains how to approach trading in a structured and disciplined way and how to control your emotions. It helps you learn to accept losses as a natural part of trading. It is a MUST read. Do not expect to be a consistently profitable trader without “being in the zone”. Recommended for all levels of traders.
Title
Trade Your Way to Financial Freedom
Author
Van Tharp
Description
Another book that does not teach any indicators or strategies but focuses on psychology. The book helps you develop your own strategy as Van Tharp believes that it is important that your system suits your own personality. Recommended for all levels of traders.
Title
Market Wizards, Interview with Top Traders
Author
Jack D. Schwager
Description
A very popular book that contains interviews with top traders where the traders give you tips about what has been important for their successes. Jack D. Schwager lists the tips that reoccur in the interviews. A great book that gives you inspiration and helps you think like a professional trader. Recommended for all levels of traders.
Title
When Genius Failed
Author
Roger Lowenstein
Description
A detailed explanation about what happened with Long-Term Capital Management. You are told how they made all their money only to lose it all in a very short term. A great book that makes you realize that even the smartest people in the world are not exempt from losses. You also learn why sound money management is important. Recommended for all levels of traders.
Title
The Warren Buffett Way
Author
Robert G. Hagstrom
Description
A very well written book about how Warren Buffett made his money. It not directly about trading psychology but what the book does do is to make you think about trading in a more professional way. You get into the mind of one of the greatest investors in the world. Recommended for all levels of traders.