BEST DAY TRADING BOOKS FOR BEGINNERS AND EXPERTS

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Authors: Matthew R. Kratter

Release date: May 21, 2019

In this book, the author explains in simple terms how the stock market works. From this book, you will learn how to buy your first stock, make passive income in the stock market, and the insider tricks used by professional traders. Also in this beginner's guide, you will find information on how to choose the right stocks and create a secure financial future for yourself. Even if you know nothing about the stock market, this book will help you start investing and trading properly.

The main chapters of the book:
1. The World's Greatest Opportunity Machine
2. How to Get Started with Stocks
3. Make Money with ETFs
4. Creating Passive Income with Dividend Stocks
5. How to Pick Stocks like Warren Buffett

Rating on Amazon: 4.4
ISBN-10: 1099617200
Formats available: Paper or audio formats.
Price: Audiobook - free, paper version - $11.68

Authors: John J. Murphy
Release date: January 1, 1999

This guide will help beginners learn the basic principles of technical analysis and its application to the futures and stock markets. In the second edition, you can learn about candle charting, intermarket relationships, equities, and stock movements. Readers will also learn how to read charts and understand their indicators.

There are around 400 real chart templates in the book, explaining the key points of the market.
Both beginners and experienced traders will find a lot of useful information in this authoritative, but easy to follow guide.

The main chapters of the book:

1. Technical Analysis and the Dow Theory
2. Chart Construction
3. Basic Concepts of Trend
4. Major Reversal Patterns and Continuation Patterns
5. Volume and Open Interest
6. Long-Term Charts and Commodity Indices

Rating on Amazon: 4.4
ISBN-10: 0735200653
Formats available: Paper, audio or digital formats.
Price: Audiobook - free, paper version - $5.79, digital formats - $10.79.

Authors: Jack Schwager
Release date: February 7, 2012

How do you become a successful trader? In search of an answer to this question, bestselling author Jack D. Schwager interviewed dozens of leading traders. Although their answers varied in detail, they all boiled down to the same formula: sound methodology + the right mindset = trading success.

In this book, the author tells the success stories of brokers, such as the story of the trader who turned $30,000 into $80 million, the story of the hedge fund manager who has averaged a 30 percent return every year over the past few years and the story of the bond futures trader who turned $25,000 into $2 billion in one day.

The main chapters of the book:

1. Futures and Currencies
2. Mostly Stocks
3. A Little Bit of Everything
4. The View from the Floor
5. The Psychology of Trading

Rating on Amazon: 4.7
ISBN-10: 1118273052
Formats available: Paper, audio or digital formats.
Price: Audiobook - free, paper version - $19.20, digital formats - $12.

Authors: Toni Turner
Release date: March 1, 2000

In this book, the president of TriPoint Trading talks about the proven strategies of online brokers. You can also find a lot of useful information here about how the market works and what tools and tactics are the best to use for day trading.

The book is written in a simple and accessible style, with a step-by-step guide for novice day traders and also shows how to trade stocks in today's market.

Main chapters of the book:

1. This ain't no dress Rehearsal!
2. Wall Street: a view from the top of the skyscraper
3. Day Trading is your business: Let's set it up that way
4. The Winning Market mentality that leads to profits
5. Trading fundamentals you'll build on

Rating on Amazon: 3.8
ISBN-10: 1580622720
Formats available: Paper or digital formats.
Price: Paper version - $1.46, digital formats - free

Authors: Mike Bellafiore
Release date: August 2, 2010

In this book, experienced trader Mike Bellafiore shares the principles and methods that have enabled him to navigate the market during some of the most challenging situations over the past twelve years. In doing so, he talks about the work of his proprietary trading company SMB Capital, shedding light on the problems associated with trading your own stocks and explaining the reasons why traders succeed or fail.

This book will be of help to all traders as it provides information on developing the skills and instincts of an experienced broker and the factors that make a trade successful.

The main chapters of the book:

1. Inside a Prop Trading Firm
2. Tools of Success
3. Getting Technical
4. The Trader’s Brain

Rating on Amazon: 4.6
ISBN-10: 0470529407
Formats available: Paper, audio or digital formats.
Price: Audiobook - free, paper version - $30, digital formats - $38.18.

Authors: Michael Sincere
Release date: March 18, 2011

MarketWatch columnist and financial journalist Michael Sincere talks about basic day trading strategies in this book. The author also shares information about day trading tools, specific trader terms and risk management tactics.

But most importantly, Sincere tells us how to master the mind game that is day trading.

The main chapters of the book:

1. Learning the Business
2. Reading Charts
3. Interpreting Patterns
4. Using Technical Indicators
5. Making Your First Day Trade

Rating on Amazon: 4.4
ISBN-10: 1440511861
Formats available: Paper or digital formats.
Price: Paper version - $13, digital formats - free.

Authors: Mark Douglas
Release date: April 1, 2000

In this book, Douglas reveals the root causes for a lack of consistency and helps traders overcome ingrained mental habits that cost them money. The author also exposes entrenched market myths, teaching traders to look beyond random results, understand true risks and to stay calm about sharp market movements.

The main chapters of the book:

1. The Road to success: Fundamental, technical, or mental analysis?
2. The Lure (and the dangers) of Trading
3. Taking Responsibility
4. Consistency: A state of mind
5. The Dynamics of Perception

Rating on Amazon: 4.7
ISBN-10: 9780735201446
Formats available: Paper, audio or digital formats.
Price: Audiobook - free, paper version - $20.91, digital formats - $8.14.

Authors: Josh DiPietro
Release date: December 12, 2017

A practical guide to day trading in today's stock market. The author of the book offers his perspective on day trading and how to be successful in the market.

According to DiPietro there are no successful strategies in day trading. All a trader needs is self-discipline, self-education and extensive experience.

The book explains which trading decisions are shaped by emotions and why it is important to know oneself, understand risk and remember that increasing one's skill level is a gradual, ongoing process - there is always something new you can learn. DiPietro gives lots of practical trading advice and offers some great top 8 rules that every trader should use.

The main chapters of the book:

1. Truths about Yourself to Know First
2. How Emotions Can Destroy a Trade
3. Preventing Overconfidence
4. From Impatient to Cool, Calm and Collected
5. Taking Breaks

Rating on Amazon: 3.8
ISBN-10: 0470448482
Formats available: Paper, audio or digital formats.
Price: Paper version - $39.60, digital formats - $36.

Authors: Laurentiu Damir
Release date: August 12, 2017

This book goes into detail about a clear and easy to follow Forex trading strategy that can help traders to start making consistent profits every day, and would be an ideal strategy for both novice traders and more experienced brokers who have not yet found a clear strategy for making consistent profits.

Apart from the strategy, this book also contains a very useful guide to teach traders how to build a profitable Forex trading system for themselves and how to avoid mistakes in trading and money management.

The main chapters of the book:

1. Introduction
2. Components
3. Price Trends
4. Support and Resistance
5. Fibonacci Retracements
6. Patterns

Rating on Amazon: 4.2
ISBN-10: 1522086587
Formats available: Paper or digital formats.
Price: Paper version - $8, digital formats - free.

Authors: Thomas Carter
Release date: February 10, 2015

A good and practical guide for scalpers and Forex traders. The book covers 20 scalping strategies to help both novice traders and professional brokers.

The main chapters of the book:

1. What is Forex Scalping?
2. Scalping Forex Strategy

Rating on Amazon: 3.3
ISBN-10: 1508429405
Formats available: Paper or digital formats.
Price: Paper version - $11.17, digital formats - free.

Authors: Phil C. Senior
Release date: August 2, 2021

This book talks about the basics of Forex scalping, which will help novice scalpers to deepen their knowledge of Forex trading and identify the risks in trading. Readers can also learn how to make an effective trading plan and stick to it.

In addition, the book is full of inspiring stories of successful forex traders.

The main chapters of the book:

1. Brief History of Forex Trading
2. Countering Forex Trading Myths
3. Learning from Top Forex Traders
4. Must-Have Qualities of a Forex Trader
5. Delving Deeper into Forex Trading

Rating on Amazon: 3.4
ISBN-13: 979-8548238818
Formats available: Paper or digital formats.
Price: Paper version - $13.99, digital formats - $5.99.

Authors: Heikin Ashi Trader
Release date: February 16, 2019

In this book, experienced trader Heikin Ashi explains a highly effective scalping strategy. The strategy is very easy to understand and can be applied in all Forex markets. It can also be applied to very short time frames (1-minute charts) as well as to longer time frames.

he main chapters of the book:

1. Fast trading with the Heikin Ashi Chart
2. Practical Examples
3. How Do I Rate my Trading Results?
4. Trading Is Flow Business

Rating on Amazon: 3.9
ISBN-10: 1796435902
Formats available: Paper or digital formats.
Price: Paper version - $31.19, digital formats - $11.99.

Authors: Teva Lama
Release date: March 19, 2018

In this book, traders will find various tools to adapt their trading to different market phases. Using fresh and concrete examples, the author also demonstrates how to trade automatically to leave no room for personal sentiments.

The book covers scalping in the e-mini Dow, DAX and mini DAX futures markets.

The main chapters of the book:

1. Scalping Mini Ranges
2. Scalping the pivot points
3. Managing the stop losses
4. Supports, Resistances and Key Price Levels
5. How to Select your Price Target

Rating on Amazon: 4.2
Formats available: Digital formats.
Price: Digital formats - free.

Authors: John J. Murphy
Release date: January 1, 1999

This guide will help beginners learn the basic principles of technical analysis and its application to the futures and stock markets. In the second edition, you can learn about candle charting, intermarket relationships, equities, and stock movements. Readers will also learn how to read charts and understand their indicators.

There are around 400 real chart templates in the book, explaining the key points of the market.
Both beginners and experienced traders will find a lot of useful information in this authoritative, but easy to follow guide.

The main chapters of the book:

1. The Basics of Scalping
2. Trade Entries
3. Trade Management
4. Trade Selection
5. Account Management

Rating on Amazon: 4.2
ISBN-10: 9090264116
Formats available: Paper format.
Price: Paper version - $17.84.

Authors: Marc Friedfertig, George West, George Piecznik
Release date: May 31, 1998

In this book, the authors explain the meaning of day trading and offer strategies to help traders develop successful tactics.

The book goes into great detail on how the various stock exchanges work, and shows how to gain direct access to the NASDAQ through various electronic trading systems. Here, you can also find information on investments, retirement portfolios and much more.

The main chapters of the book:

1. The Reemergence of Day Trading
2. What Is Online Day Trading
3. Gauging the Strength of the Market
4. An Insider’s Look at the Trading Day
5. The Truth about Technical Analysis and Random Markets

Rating on Amazon: 3.2
ISBN-10: 0070158088
Formats available: Paper format.
Price: Paper version - $12.34.

Authors: Andrew C. Ellis
Release date: October 15, 2016

This book explains the 5 best strategies for scalping trading. These strategies have already been tested and their effectiveness proved in both Forex and options markets.

In addition, the author gives a lot of useful information and tips to help both beginners and experienced scalpers alike.

This book also discusses all the potential risks associated with each of the strategies and the best ways to minimize and avoid these risks.

Main chapters of the book:

1. About Forex
2. One-Minute Strategy
3. Meta Scalper
4. MACD Indicator
5. Short Momentum Scalper

Rating on Amazon: 3.3
ISBN-10: 1539545768
Formats available: Paper or digital formats.
Price: Paper version - $15.19, digital formats - free.

Remember that a trading book can’t guarantee trading success. And even though, in the end, it does depend on the trader, this book can help you avoid mistakes,

Please comment, share, and suggest the trading books that have helped you with your trading. We will continue to update this article with reviews of the latest books about trading.