Trading book I have read so far

[death69]

I have participated in trading for more than 3 years. Honestly, everything is not as good as it seems even with many years of experience. Recently, I do manage to have a decent income in trading. My current profit is small compare to other traders, but I very satisfy because my efforts finally bring good results. To me, trading is an occupation as long as you treat it well and work hard for it.

There are a lot of trading books I have read so far, may be more than 15 (some of them are bullshit, honestly). I also spend my time on tradingview to understand others trader perspective. It is an excellent forum for traders with visual charts and big community. Those books below are those I find interesting and worth to spend multiple time to read. The more I read, the more I realize something. They are also suitable for newbie, too

- Japanese Candlestick Charting Techniques (by Steve Nison) : The begin of everything, the theory and the mechanic behind each candle and how to manipulate it for profit. It is a think book but its worth to read so do not scare of how many pages it has. Rejoice for the knowledge we may gain

- Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (by Mark Douglas) : understand how other traders have built their strong mental with consistent winning. The willing to control your emotion and how to get rid of bad behavior. This book will make you become more disciplined. No detailed technical analysis in this book

- Price Action Breakdown: Exclusive Price Action Trading Approach to Financial Markets (by Laurentiu Damir) : Another perception of price action. Quite interesting. This book is less than 100 pages but it will reshape your mind and give you a different perspective in terms of the supply and demand as well as the force driving the market. Most example are taken from Forex, but the techniques can be used for any market you want to participate

- Visual Guide to Chart Patterns (by Thomas N. Bulkowski) : Awesome book which teaches you how to indicate peak, bottom, trends and a vast of patterns that appear on a chart. Images in this book are clear and obvious. I highly recommend this book for newbie

Free download link:
- 1st book
- 2nd book
- 3rd book
- 3rd book

I often download free PDF here. It has all the book, except the brand news. You have to wait for a few days before it appears. I do spend some of money to support authors when I have a chance. Living in a low standard country does not give us much opportunity to interact with advance in formation

Hope you guys enjoy

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[Coin_trader]

Japanese Candlestick Charting Techniques (by Steve Nison) : The begin of everything, the theory and the mechanic behind each candle and how to manipulate it for profit. It is a think book but its worth to read so do not scare of how many pages it has. Rejoice for the knowledge we may gain

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (by Mark Douglas): understand how other traders have built their strong mental with consistent winning. The willing to control your emotion and how to get rid of bad behavior. This book will make you become more disciplined. No detailed technical analysis in this book

This will be helpful especially for newbie if you can provide downloadable link to PDF if ever you read this via E-book.

Do you try already some trading courses on Udemy? It will save you time to summarize all the content of different books plus additional learning on how to approach different market scenario. Anyway candlesticks is the best for trading foundation.

[death69]

Japanese Candlestick Charting Techniques (by Steve Nison) : The begin of everything, the theory and the mechanic behind each candle and how to manipulate it for profit. It is a think book but its worth to read so do not scare of how many pages it has. Rejoice for the knowledge we may gain

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (by Mark Douglas): understand how other traders have built their strong mental with consistent winning. The willing to control your emotion and how to get rid of bad behavior. This book will make you become more disciplined. No detailed technical analysis in this book

This will be helpful especially for newbie if you can provide downloadable link to PDF if ever you read this via E-book.

Do you try already some trading courses on Udemy? It will save you time to summarize all the content of different books plus additional learning on how to approach different market scenario. Anyway candlesticks is the best for trading foundation.

Download link has been added. I misclick my post and now I have to edited it for several times. What a waste of energy

Yeah, candlesticks contain most of the information for us already. We need to extract those valuable information to harvest the opportunity

I have never used Udemy before. Many people on trading forum say that it is good to learn on that website. I guess I will spend some of my profit for the advanced learning

[Fesatmas]

I have participated in trading for more than 3 years. Honestly, everything is not as good as it seems even with many years of experience. Recently, I do manage to have a decent income in trading. My current profit is small compare to other traders, but I very satisfy because my efforts finally bring good results. To me, trading is an occupation as long as you treat it well and work hard for it.

and the important point that I get is on your achievement and satisfaction when you have found a way of trading that suits you and is suitable for your own trading. of all the existing theories that I have seen the application where you enjoy the way you trade.

It is no longer far away from how complicated strategies are, but it all lies in the convenience of applying your knowledge and achieving your desires. not big you get, but you enjoy it. it is already the best achievement for a trader.

[sheenshane]

- Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (by Mark Douglas) : understand how other traders have built their strong mental with consistent winning. The willing to control your emotion and how to get rid of bad behavior. This book will make you become more disciplined. No detailed technical analysis in this book

The best book for crypto traders that willing to learn and give you a perspective view of the possible challenges you might encounter in the future.
It has a psychological approach for me that truly improves my trading skills and possibly has a positive result in trading, though the author didn't have spoonfed content regarding the crypto trading system for a simple way you'll understand and there's truly justification of being traders.

There are too many crypto trading books out there that it's pretty helpful to read and understand, but the willingness to learn sometimes wasn't there.  Anyway, thank you for sharing this book, and glad to see that my favorite book was there, Mark Douglas was a great author.

[crwth]

I loved Trading in the Zone and how it makes you quiz yourself if you are an emotional trader or not. The part of one chapter's assessment let me understand what I lacked and what I need to work on. Making the best of your trades needs to be a continuous disciplinary action towards yourself because it's critical.

If I added another book, I would recommend The New Trading For A Living by Alexander Elder. The approach he has in trading is the fundamental tactics that every trader should have.

[palle11]

Is good you are already trading and training yourself to make money, keep that up and don't go away from the pattern that is already helping you. The challenge traders have is they want bigger money and think they can use another strategy to do big money lol. You can do big money trading if you make increase of your risk taking and that is dangerous. Keep to gradual profit and you are consistent in making your profit.

Don't start listening to trading groups because you will start to lose focus, stick to a working plan.

Living in a low standard country does not give us much opportunity to interact with advance in formation

Save up to get a good phone with 4G, you will receive better internet signal.

[death69]

If I added another book, I would recommend The New Trading For A Living by Alexander Elder. The approach he has in trading is the fundamental tactics that every trader should have.

I guess this book is also related to psychological trading, right? I have added this book to my waiting list. Thanks for your advice

~

The best book for crypto traders that willing to learn and give you a perspective view of the possible challenges you might encounter in the future.
It has a psychological approach for me that truly improves my trading skills and possibly has a positive result in trading, though the author didn't have spoonfed content regarding the crypto trading system for a simple way you'll understand and there's truly justification of being traders.

There are too many crypto trading books out there that it's pretty helpful to read and understand, but the willingness to learn sometimes wasn't there.  Anyway, thank you for sharing this book, and glad to see that my favorite book was there, Mark Douglas was a great author.

Totally agree. Most of my books are ages but they are still useful. People have already found the mechanic of our behavior and thus, controlling our emotion will lead us to success not just in trading but also in our daily life.

[LUCKMCFLY]

It would be good if you could read the books by Jesse Livermore and Richard Wyckoff, because they make you think and see the market in a different way, although they are books focused on the Stock Market, they show the strategies they apply against many markets. scenarios and compared to the market. The market for Bitcoin and Cryptocurrencies is the same, the only thing is that currently social networks are handled a lot, and can be classified according to the authors as instruments to manipulate the market.

The books you place are mainly focused on technical analysis, also on chartism, which are like patterns that can be repeated in the market. In my particular opinion about the authors that I recommend is that they were geniuses of the market, who at that time did not have the facilities to analyze the market with indicators through PC and tools such as Tradingview, they only used resistance lines, as Livermore said: In The market must go in the direction of the line of least resistance, it is the only way to win. The ease of these books is that you can download them for free on the web, you just have to do the respective search and you can download them in PDF format.

[crzy]

- Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (by Mark Douglas) : understand how other traders have built their strong mental with consistent winning. The willing to control your emotion and how to get rid of bad behavior. This book will make you become more disciplined. No detailed technical analysis in this book

This one is exceptional and the best trading book that I've ever read because it hits the main core of every human being and its needed in order to succeed in trading, its about discipline and how you handle your emotion towards the market. If you want to become a good trader, emotion should set aside and just base on what's in the market. I'm looking for more books to read and thanks OP for sharing the links of those books, will start reading it now.

[Johnyz]

Never heard of those books since I'm too focus on reading local trading books which I can easily understand based on my language but those list looks interesting, good thing you put some links to read those books.

Having the right knowledge in trading is a must, and I can say that books can be big help and once you're ready, you can always go back to this book and look for the answer on your questions. Trading is not easy, it takes a lot of sweat and the process is not a joke, kudos to those who are being a responsible trader and making time to learn things.

[cyriljundos]

Wow. It is good that in trading have books and it is very useful to traders, i only know the basic and some of technical trading.newbie in trading would be great if they read your book techniques in trading. Ide love tonuse it on my trading analyslzing candlesticks graphs and some of techniques that useful to trafing matters

[crwth]

If I added another book, I would recommend The New Trading For A Living by Alexander Elder. The approach he has in trading is the fundamental tactics that every trader should have.

I guess this book is also related to psychological trading, right? I have added this book to my waiting list. Thanks for your advice

Mostly it answers a couple of things that a trader should know. Let me give you some of the main topics in the book that I remember.

• Trader Psychology
• Mass Psychology
• Charting Analysis
• Trading Systems
• Risk Management
• Practical Approach

I hope you enjoy it as well because I know I did.

[Obito]

• Trader Psychology
• Mass Psychology
• Charting Analysis
• Trading Systems
• Risk Management
• Practical Approach

I hope you enjoy it as well because I know I did.

Don't mind if I snag on this recommendations of yours, I plan to learn something about trading so I might be able to learn something from this books, my question is whether some of these books cover the cryptocurrency trading as a whole or is it a general understanding of trading.

[slaman29]

Thank you for sharing these books OP. I always think it is good to read and learn but it also very important to point out to newbies that these books were written for very different markets that may or may not act like crypto markets (and definitely, if it acts for BTC market it does not man altcoin markets are the same).

Look at Ripple chart for the past week for example and see how impossible it is to use some of these techniques!

[death69]

Thank you for sharing these books OP. I always think it is good to read and learn but it also very important to point out to newbies that these books were written for very different markets that may or may not act like crypto markets (and definitely, if it acts for BTC market it does not man altcoin markets are the same).

Look at Ripple chart for the past week for example and see how impossible it is to use some of these techniques!

Are you sure about that ? Lets me demonstrate you some simple lines that might be helpful to trade and make you realize the opportunity lies in ripple during this bullish





There is always opportunity to trade. The lower the timeframe, the more trades they are. Be flexible. All the markets are the same. And it is not necessary to make a trade if you can not make an analysis

Why? Because they are all based on The Supply and Demand theory

[slaman29]

Are you sure about that ? Lets me demonstrate you some simple lines that might be helpful to trade and make you realize the opportunity lies in ripple during this bullish

There is always opportunity to trade. The lower the timeframe, the more trades they are. Be flexible. All the markets are the same. And it is not necessary to make a trade if you can not make an analysis

Why? Because they are all based on The Supply and Demand theory

Thank you for your response to this. With something so volatile like crypto, yes, I agree, there are plenty of opportunities to trade in very small times frames. That was what attracted us to forex before when it first came online with broker platforms, different and more volatile than stocks.

I just find it difficult to believe Supply and Demand applies to some alts that are heavily manipulated.

[tbct_mt2]

Why? Because they are all based on The Supply and Demand theory

The Supply and Demand theory is useless in crypto market. Price is not moved simply because of supply or demand. If it is moved like that theory, price of bitcoin or altcoins don't have over bullish or over bearish times. Supplies don't change with some cryptocurrencies, they have fixed total supplies. The demand is only presented clearly in bear market. In bull market, demand is faked by hypes, greediness and leverages.

If you believe in demand in bull market, you can accept overvalued prices and that is not good. If you accept it and use leverage, you will be demised when fake demand vanishes into the air.

[death69]

I just find it difficult to believe Supply and Demand applies to some alts that are heavily manipulated.

Agree. Small alts are heavily manipulated and it is harder to trade. But top 100 alts are all good opportunity. Unless there is a blackswan (even Forex has blackswan), trading with altcoins give you more profit because of more opportunities and lower leverage level.

The Supply and Demand theory is useless in crypto market. Price is not moved simply because of supply or demand. If it is moved like that theory, price of bitcoin or altcoins don't have over bullish or over bearish times. Supplies don't change with some cryptocurrencies, they have fixed total supplies. The demand is only presented clearly in bear market. In bull market, demand is faked by hypes, greediness and leverages.

If you believe in demand in bull market, you can accept overvalued prices and that is not good. If you accept it and use leverage, you will be demised when fake demand vanishes into the air.

You are kinda misunderstand the position. Supply does not mean that the current supply of a coin but actually, a number of coin which sellers intend to sell. By that I mean, selling bitcoin at $10000 is a totally different supply with selling bitcoin at $60000. When an appropriate supply meet a fair demand, the price will kindly be stable. And as you can see on the chart, because of the hype of cryptocurrency, the current demand is always higher than supply which force the price to go up

The fixed number of cryptocurrency is also an interesting point. It destroys the inflation which is the intrinsicness of cash

[trigger1975]

The Supply and Demand theory is useless in crypto market. Price is not moved simply because of supply or demand. If it is moved like that theory, price of bitcoin or altcoins don't have over bullish or over bearish times. Supplies don't change with some cryptocurrencies, they have fixed total supplies. The demand is only presented clearly in bear market. In bull market, demand is faked by hypes, greediness and leverages.

What makes the difference, by what supply and demand are driven?  There are a number of people willing to sell coins and a number of people willing to buy.  If the demand for coins/shares/whatever is greater than the supply of that good, the price is rising and falling if otherwise.  The market does not care about the motivation of buyers and sellers – they just have to meet somewhere to make a price.