Twenty Must Read Investing Books Stock Trading To Go
Post on: 16 Март, 2015 No Comment
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There are many investing books out there that can help investors expand their stock education . This list highlights 20 great wall street books every trader should read.
This is a classic by William ONeil, describing the ins and outs of his CANSLIM system for finding future big winners in the stock market and how to time entries and exits. It combines fundamental and technical analysis and is a good guide for new investors.
This is an investment classic that will give the individual investor hope. Peter Lynch explains how Wall Street may not be able to find the best investing opportunities from the start and shows step-by-step how the individual investor can find the next ten-bagger.
This book sheds insight into the ways and means of the Oracle of Omaha. Warren Buffetts thoughts are insightful and his methods may yield fruitful rewards for investors with enough patience to learn them, understand them and apply them correctly.
This book is a true page turner. It is a breath-taking recount of how a young boy managed to amass one of the largest fortunes by speculating despite going broke a few times in his career. He has timeless advice for investors(Ive always made my money from sitting, not thinking) which will help your trading for years to come.
This book is a collection of interviews of a group of successful traders in the 1970s/80s. Their experiences are interesting to hear and traders may draw useful lessons from them. However, some of them were successful only because they were in the right place at the right time. The 1970s were a great commodity bull market and some of them profited from it. Nevertheless this is a classic to read and enjoy. Jacks latest book, Hedge Fund Market Wizards. is also a fantastic read.
This book, which would go along well with The Black Swan, explains the authors thoughts about how randomness plays a larger role in our lives than we expect. For traders, this would imply that risks are usually large than we expect. Also, it would mean that some things in the financial world arent exactly what they seem.
The view the author has is slightly biased in favor of the Austrian School of Economics. Some of his methods are novelyou wouldnt see them in most books on trading (for instance, his measuring the average length and magnitude of a bull/bear markets primary and secondary trends, there by gauging the odds for a change in the trend in the market). His views on investor psychology are also interesting to read.
This book introduces candlestick charting, which some investors may find useful in their trading. It sure helps to make charts more visual!
This is a gem that encompasses investor psychology and system construction. While it may not give you a Holy Grail (an unbeatable method to the markets) for trading, it will give you the basics you need to construct a winning system. There is something for everyone in this book.
The foundation for value investing and being successful in the market, Benjamin Grahams classic has sold over 1 million copies and earns its spot on every investors book shelf.
Larry Williams reveals some of his observations of cyclical tendencies in the stock market. It may serve as a ray of light for investors battered by bear markets.
This books delivers a clear and straight forward understanding of how to invest in the markets, including techniques, timing tools, and advice from great investors such as Warren Buffett and Peter Lynch.
This book, along with Soross latest book, The New Financial Paradigm explain the authors theory of reflexivity and how it relates to the market. Though it may not provide a direct system for trading, it is extremely thoughtful and deepens ones understanding of how the financial markets work. The book may be a bit dense but it is rewarding for those who are willing to finish it.
A brilliant recount of the events leading up to and after the financial meltdown in 1929.
An interesting narrative of the US economy in the last 50 years as experienced and seen from the eyes of the former chairman of the Federal Reserve, Alan Greenspan. The second half of the book contains some of Greenspans own thoughts about the world economy and what the future may hold.
Tulipomania, the South Sea bubble and the Mississipi Land scheme are covered in this book, showing how herd mentality worked to create bubbles in past eras. It may serve as an interesting read as well as a guide for dealing with future bubbles.
This unseeming book is written by Philip Fisher, who Buffett credits with most of his success. In the age of quantitative finance, this book is a must-read for those who want to understand how to inspect a company qualitatively.
An insiders account of the late 1980s at Salomon Brothers. An interesting, though perhaps not profitable, narrative of how Wall Street works. Read also, The Big Short: Inside the Doomsday Machine .
A scintillating narrative of how one of the darlings of the hedge fund world rose and how it fell. A reminder for traders to keep their minds focused on risk and their circle of competence.
An extremely detailed work that rivals Technical Analysis of Stock Trends and should provide traders with a complete understanding of chart patterns. The hard work is to apply the knowledge.
Further Reading:
View our Investment Education page with over 100 articles covering various stock education topics. Also take a look through 60 Stock Tips For Investment Success and my guide to the best online brokers .