Stock market investment is a financial art that can make you extremely rich or make you lose it all!
It is suggested that you talk to experts in advance, read several specialists’ books, and of course, get some basics to do day trading to have a full understanding of the essential elements that govern day trading before embarking on the adventure.
Trading requires ongoing learning and progression. Sustaining the markets, trading styles, and trends is crucial. Besides, all successful traders we know have always been used to improving and learning from others, and so you should too.
Check the list below of the top 10-day trading books to have a better understanding of this complex, yet exciting world:
1. Day Trading & Swing Trading the Currency Market — by Kathy Lien
With this book, you will discover a variety of fundamental and technical profit-making strategies for day trading.
Kathy Lien — Director of Currency Research for one of the top Forex providers worldwide and one of the greatest analysts in the forex space — describes everything from fundamental and time-tested technical strategies you can use to compete with bank traders to a multitude of more fundamentally-oriented strategies. These strategies concern differentials of interest rate, inter-market relationships, news events, central bank intervention, and option volatility.
2. Mastering the Trade, 2nd Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups — by John F. Carter
John F. Carter delivers in this new edition of Mastering the Trade what you need to make a great and profitable living of the frontlines of expert trading.
Combining perceptive market overview with proven concepts and strategies, the author provides trading methodologies, chart setups, principles for money-management, advice on the latest software and hardware, psychological guidelines, and more.
This all-in-one guide offers all the necessary knowledge to detect and exploit the next stock market shakeup before it occurs.
3. The Disciplined Trader: Developing Winning Attitudes — by Mark Douglas
The Disciplined Trader is all about trading psychology. In this book, Mark Douglas, an expert on the trading dynamics, explains why most traders are unprepared for the various strategies required to become successful in the trading world. The majority of the book is spent describing how to become self-disciplined and how to learn from your emotions.
If you can’t respect your rules or have some difficulties with controlling your emotions, then this is the right book for you. Don’t expect to find rules of trading in this book; there are no graphs or numbers. Besides, you will get the best out of it if you have already traded before, enough to experience the different emotions that are mentioned and explained.
4. Building Winning Algorithmic Trading Systems: A Trader’s Journey from Data Mining to Monte Carlo Simulation to Live Trading — by Kevin J. Davey
The award-winning writer and trader Kevin J. Davey shares the secrets on how to develop a trading system that generates high profits and triple-digit revenue. With both demonstration and explanation, the author guides the reader progressively through the whole process of creating and confirming an idea, testing systems, make entry and exit points, and applying them in live trading.
Besides, you will find in this book detailed instructions to increase or decrease system allocations, and instructions on when to discard one.
If you are having problems with your current trading performance and certainly want to improve, then you need to read this book.
5. A Beginner’s Guide to Day Trading Online, 2nd Edition — by Toni Turner
Toni Turner offers realistic career expectations for new traders in this book. The book describes time-lines, trading strategies, methodology, stock price directions, the notion of chance, the idea of certainty, and gets you in the attitude to become a successful trader.
It was written by the time retail trading on the Internet became popular. Besides, there are various technical analysis and charts for a better understanding of the different modes of the business. This book represents an excellent insight into the career day trading.
If you opt for a more academic reading style, you should definitely read this book.
6. Digital Day Trading: Moving from One Winning Stock Position to the Next — by Howard Abell
Howard Abell focuses on market philosophy and digs deeper into his trading psychology. Furthermore, you will find valuable information on how to set up a professional procedure for day trading from start-up, how to cultivate revenues through market discipline, and how to profit from the short-term movement of prices in the equities market.
If you are looking for a book to help you with money management and provide you with proven trading strategies, then you should opt for Digital Day Trading.
7. How to Day Trade Stocks for Profit — by Harvey Walsh
Harvey Walsh provides details on methods to develop a successful trading plan. Every successful coach, businessperson, or general has an operational plan. Trading is no different. Some traders have a black box method of trading where they never diverge from a plan. Others, on the contrary, have flexible plans and rely more on the gut instinct for trading decisions.
The author gives exercises and methods to sharpen skills and make the art of trading more accurate. Furthermore, it is delivered from a trader’s point of view. Thus, traders understand what the successful trader was feeling and thinking during the trade. This book will actively contribute to the development of traders, as it guides them through trade stories and exercises.
However, you might want to read this book a few times to fully understand and benefit from it. You may miss a lot of information with the first reading, but fortunately, it is not boring.
8. All About Day Trading: The Easy Way to Get Started — by Jake Bernstein
All About Day Trading covers everything from how the day trading works, how the business fits into the larger financial market world to how to deal with its risks. It takes you through the basics and then goes on to more advanced topics, providing a complete overview of day trading.
This might be the book for you if you want something less complicated that slows down the aspects of day trading, with informative chapters and breaks that will not overwhelm you. It even contains certain psychological sections, which teach you about psychological pitfalls and what to do if they occur.
9. Day Trade Online, 2nd Edition: Start Trading for a Living — by Christopher A. Farrell
Written in an accessible and straightforward style, Day Trade Online, 2nd Edition offers a comprehensive overview of how to reliably capture profits with online stock trading. Moreover, it expertly examines the whole aspects of this exciting field — from the fundamentals on how to start in trading business to a detailed analysis of which trading methods and techniques work and which don’t.
The author explains that every trader, of all the levels of experience, should focus on a conservative trading system that provides an edge over those using the famous momentum process. Also, you will learn about specific strategies to quickly identify trading opportunities and benefit from short-term inefficiencies in today’s market.
10. Day Trading: Beat the System & Make Money in Any Market Environment — by Justin Kuepper
Day trading can be a complicated procedure for the newcomer: where do you start, and how can you approach trading carefully and efficiently? With Day Trading, you will get the fundamentals and the right instructions to help every beginner become expert.
This book is the optimal guide to help you sharpen your trading methods and techniques through ideas and tips. Besides, Kuepper offers various tools that demand you to revise your strategies and form these into something profitable and successful.
Trading is a solo business, but it does not mean that there is no help and support. Traders always share ideas, strategies, and theories to maximize and grow profit. Fortunately, these best day trading books will help every trader throughout his journey, especially for beginners. You will have a better understanding of money management, trading strategies, and trading psychology. So, happy learning!