Which Best Trading Books Should You Buy Now?

What are the best trading books in the market? Yes, they are tons and that often makes people confused. But based on real verified user’s feedback and reviews and best selling list of different marketplaces we have listed here top 10 trading books we listed and compiled reviews from verified purchase owners.

So, if you like to have one trading books hope the following feedback from real users will help you a lot.

Note that we compiled here only five star ratings and reviews.

Best trading books Comparison Table

Best Overall
How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology (Stock Market Trading and Investing)
How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology (Stock Market Trading and Investing)
$17.98
Editor's Choice
Trading: Technical Analysis Masterclass: Master the financial markets
Trading: Technical Analysis Masterclass: Master the financial markets
$1.99
Nice Pick
Options Trading: The 2022 CRASH COURSE (6 books in 1): The Ultimate Guide for Beginners and Advanced Users to Learn the Best Strategies and Techniques to Use to Make Profits in a Few Weeks Time Only
Options Trading: The 2022 CRASH COURSE (6 books in 1): The Ultimate Guide for Beginners and Advanced Users to Learn the Best Strategies and Techniques to Use to Make Profits in a Few Weeks Time Only
$20.56

Top 10 Best Trading Books

trading books
Here are the top trading books we picked, check their features.

1. How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology (Stock Market

How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology (Stock Market Trading and Investing)

  • As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work.
  • You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. Day trading is not gambling or an online poker game.
  • To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere.

Reviews from Real Users

DT

*UPDATE (Originally reviewed in 2016/2017; this is my review as of 2020):

I think the headline speaks for itself. About 5/6 years ago I was floundering about calling myself a "swing trader." I'd heard about "day-traders," but never really attempted to peek behind the curtain to see what "it" was all about.

I decided to read a handful of books on the topic; a self-education of sorts. I read books written by some of the most "prominent" authors who regard themselves as Traders; William O'Neil, Toni Turner (phenomenal author), Peter Lynch, Ray Dalio, Mark Douglas, and a few others were part of my "education." All were informative for a guy like me, who -- at the time -- knew relatively nothing...

One of the books I stumbled upon happened to be this book (How To Day Trade For A Living; Andrew Aziz). Andrew was the first author I'd read on the topic that cut through all the fluff and got straight to the point. I would, in essence, describe his book as a summary of all the other books combined; a little less "hefty" in the arena of details, but MORE powerful (presumably due to efficiency) to the reader as a result. More of a "guide to actually starting your trading journey," as opposed to the other books, which were more of a "hey, look how smart I can sound while rambling about irrelevant things necessary to become a trader."

Anyways... One of the things this author (Aziz) did in his book was offer a link to his website and chatroom. Initially, I figured it was just a sales-pitch to rope me in to a perpetual revenue stream (for him), but I decided to take the bait. I was really committed, so I wanted to see what "it" (day trading) was really about; and if it took visiting a website and/or chatroom, well -- so be it (I guess). I think it's important to mention that I've read too many books on the topic to keep track of (probably about 30, or so), and MOST of the authors on trading/day-trading/swing-trading ALSO include links to their websites. Frankly, after I learned to put my skepticism aside, I realized that NOT including a supplemental resource (such as website) was doing the reader LESS of a service than the other way around.

I digress...

My first impression with the "chat room" was "this ain't for me!" lol... I think my interpretation/assumption of what a "chatroom" would entail wasn't what I got. Instead, I saw a guy with a few charts and scanners, telling people when he was entering/exiting trades, then spending a few minutes thereafter with us (the chat minions) discussing "why" he made certain decisions, and so on. I closed out the chat window, and didn't think about it again for a few weeks...

...and then I realized...after those few weeks...that I was still wandering about hopelessly, and that somebody (like Aziz) who was effectively pulling back the figurative curtain (on his day job), via a "chatroom," was EXACTLY what I needed. I stumbled back into the chatroom after that epiphany, and have been a full-time day-trader ever since...

I don't visit chat very often these days, but I can say, unequivocally - and based on EXTENSIVE personal experience -- The book this guy (Aziz) wrote, the website he hosts to this day, and yes -- even his chatroom -- are ALL more valuable than 99% of would-be daytraders will probably ever realize.

With all of that said, let me be very clear about this: I have been a full-time trader ever since reading his book, and frankly -- I genuinely believe reading his book was a catalyst to developing the trader I've become. Andrew gave me the down and dirty education via his book (without the fluff), a first-hand look into the world of day-trading (via his chat), and will ALWAYS be regarded as a "pillar" to the successes I've found in this world.

I don't know any other way to put it: If you're looking to get involved with the world of trading/day-trading, read this book. You'll be glad you did...

Have a great day everyone; stay humble; STAY GREEN!

Clay Lovett

First after reading this book some people love it and some think it simple. Yes, it can be both. I found the book so simple that I was compelled to buy time in his chat room. My thought was, maybe it is just that simple or it could be something I’m missing and it’s actually complex. After a few sessions in the chat room watching someone monitor the market and listen to why buying and selling decisions are made, one way or the other, I decided to purchase three months time in a trading simulator exactly like the one used in the chatroom and connected with a feed just like the exchange floor. After 4 weeks of daily trading I became disciplined enough to start making smart trades and to get out of a trade properly.

It’s a business. You are buying and selling a product. Reading this book, putting in training time and practicing your training is no different than any other profession. It’s all about knowing when to get in, when to stay, how long to stay and when to get out. We all know that a lot of business startup’s fail because they didn’t do their research on location and product offered. This is your opportunity to do the research on a specific type of day trading. I am opening my brokerage account and feel confident that I can make money doing this. When I say make money I’m talking 50K range not millions per year.

And for those that don’t like this book because it seems “negative” that’s because it is compared to other books that put a nice pair of rose colored glasses on your face and tell you anyone can do this and how you will make millions. This book, the morning chat room, the simulator are all real world and a lot of potential traders lose money because they don’t put in the time before they put in their money. Be smart and learn to do it properly first….or you could just send me your money and save yourself some grief.

This is what I consider to be a successful trade. I did my research in the morning before the market opened, this was one of my selected stocks for the day, spent time in the chatroom, we discussed trade possibility for the day, a list was compiled and based on all that information I shorted this stock for a quick $500 then got out for the day.

kem60

I'm a very experienced day trader of over 20 years. With the coming of HFT and other changes, it has been necessary to adjust my methodology. Scanning for stocks in play and trading unknown stocks is an approach I have resisted for my entire career but I think I have to go there now. I won't do it without a solid method/plan and a hard set of rules. I'm not too proud to look at a "beginner" book to figure out how to do this. This book is exceptional. It gave me what I wanted and I will build on the information using what I already know. The author is an engineer and being of a methodical/mechanical mindset myself, I was happy with the way he laid it all out. There is also good information on other topics for real beginners such as the importance of risk management, emotional control which are important.

I will recommend this book to people who ask me how to begin day trading.

2. Trading: Technical Analysis Masterclass: Master the financial markets

Trading: Technical Analysis Masterclass: Master the financial markets

Reviews from Real Users

James E. Torguson

I wish I had read this book before I started trading. If you want to learn how read charts, start here!

David Scholtz

As a long-time follower of Rolf and Moritz's work on Tradeciety, Edgewonk and Twitter I can vouch that these guys are the real deal. I found this book a great read and worthwhile brush-up on TA, whether you trade FX, futures or equities.
It's clearly written and the accompanying charts are good examples. I definitely recommend reading this book and look forward to more great content for traders from the Tradeciety crew.

Amazon Customer

Solid trading information look at this book to see a detailed system.

The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty delivers powerful and practical advice for the serious trend trader. Using the principles identified in The Universal Principles of Successful Trading, author Brent Penfold shows curious investors how to become a long-term winner with tried-and-true trend trading methodologies

And

Would look at the undermentioned book on how to implement dow theory

W. H.C. Bassetti
StairStops Using John Magee's Basing Points to Ratchet Stops in Trends: Using John Magee's Basing Points to Ratchet Stops in Trends

Describes a robust and powerful method for setting rising (or falling) stops in trends. Using wave analysis similar to Dow Theory it is a virtual algorithmic, but natural, method for trend following

3. Options Trading: The 2022 CRASH COURSE (6 books in 1): The Ultimate Guide for Beginners and Advanced Users to Learn the Best Strategies and Techniq

Options Trading: The 2022 CRASH COURSE (6 books in 1): The Ultimate Guide for Beginners and Advanced Users to Learn the Best Strategies and Techniques to Use to Make Profits in a Few Weeks Time Only

Reviews from Real Users

A D

This is a comprehensive series containing six books that helps you learn the best strategies and techniques to help you make profits quick in a few weeks time. I love option trading a guide from a to z. They really seem to cover a lot that can lead you to success. Research in the stock market book gave the greatest tips to help you begin to do it. The technical terms glossary really help you understand what is being spoken about.

Carmen

Good book for beginer

Amanda Lynn

This is one of the better option trading book set for beginners that I have read. The author does a great job at explaining everything well and in an easy to understand why. With the strategies in this book set you can be on your way to earning additional money. You can learn not only about the stock market in general but also about swing trading and forex trading.

4. Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

  • Prentice Hall Press
  • Great one for reading
  • It’s a great choice for a book person

Reviews from Real Users

John Thompson

**** Please read this one**** Well, after reading over 100 books..I think "THIS ONE IS NUMBER ONE"... Its Not Just a Good Book.. But the Way He Explains it... Is Special... I am a Retired Race Car Driver/Instructor.... and Being in The ZONE... is the Same for Anything... You Do Mentally... Pool, Chess, Boxing, Snow Skying, or DAY TRADING.. As am Example.. ( Today is Sunday).. but.. Last Friday... I Made a New Yearly Record.. I did Eight Trades.. Making Money ON ALL of Them.. and Ended up with a 10.7% Profit In ONE DAY... Yes.. alone 11% in One Day.... But I was.. Totally In the ZONE.... and I feel I owe Much of it to Reading This Book.... Good Luck.. and Have a GREAT DAY.... JohnofSJ...

Teddy

Freaking fire emojis all day 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 i saw some Bad reviews Before receiving the book so I was a little iffy about it. I’m finishing up chapter 3 now but right from chapter 1 it’s packed with information that blew my mind. Idk what the rest of the book is about but so far its taught me that I’ve been asking the wrong questions to myself either consciously or subconsciously I would ask myself things like how can I read the markets better, what new technical analysis can I use And implement etc. vs asking a deeper question which is..... how do I think like a consistent successful trader??? 🤯🤯🤯🤯🤯 that question alone can help you breakthrough in your trading.

De Smiley One

Trading psychology is just as important , if not more important, than understanding technical analysis. Learn from the late, great legend of trading psychology himself, Mark Douglas. The narration is pleasant and not a distraction like many audio versions of classic books. I would highly recommend this classic to anyone who wants to trade at a serious level. It doesn't take the place of fundamental or texhnical analysis. It simply makes FA and TA work on a more consistent level. And consistency is what trading is all about.

5. Interactive Day Trading: Ultimate Trading Guide

Interactive Day Trading: Ultimate Trading Guide

Reviews from Real Users

Ethan E Jackson

I enjoy the simplicity and straight forward material. There’s no long life stories to fill pages. I initially thought the book looked thin, but after watching a couple videos it made more sense. I’m new to trading and have learned a lot from your book/videos.

JB

Online video trading course with day trading book, just what I was looking for. Thank you.

Michael Gomez

Simple and easy to understand, yet very relevant!

6. Charting and Technical Analysis

Charting and Technical Analysis

  • Used Book in Good Condition

Reviews from Real Users

C. Kragel

Of all the books I have read on stock and chart analysis, this one is by far the best!
Not only does it give solid investing and speculation advice, but the information on reading, deciphering and analyzing the various chart trends and stock behaviors is invaluable. Immediately after I finished reading this, I went back through the high points to make sure I have the candlestick patterns and major icons down to memory.
The great part about this book is that- not only is the information supported within the pages, but also I find the teachings in this book are bolstered when I go to analyze real stocks in everyday life. This book teaches you when it is a good time to look into buying, and more importantly- when to stay away from a stock. You will learn bearing and bullish patterns, along with trends that lend evidence as to where a stock might be headed.
Do yourself a favor- buy this book, study this book, and use it to invest wisely!

Ed Comstock

I've read about 10 books on trading the markets, and this one is high on my list. I thoroughly enjoyed the author's writing style and manner of sharing information. His examples are well annotated and precise, and he builds on simpler concepts before tying it all together in a comprehensive strategy.

What I found most valuable was the guidance on determining entry and exit points, and recommendations for setting stops. This can be a real struggle for new traders, or even seasoned traders who struggle with deciding when to exit a winning trade.

I read this on my Kindle, and I had no difficulty following the full color charts. I can't say this about many Kindle trading books with black and white or blurred charts.

I enjoyed this book so much that I bought his other title "Trading the Trends" before I was even half way done with this book.

This is a great value read, a definite add for anyone interested in solid, actionable, and easy to follow technical analysis.

Amazon Customer

A great introductory book for reading charts. Before reading this book, my only references for proper charting techniques came from Google search results. McAllen's thorough explanations from simple terminology to more complex concepts gave me the ability to sift through my prior knowledge and separate the good info from the useless. I am now more successful in my trades which can be greatly attributed to the diligence preached throughout these pages. 100% would recommend to beginner and intermediate traders alike.

7. Price Action Trading Secrets: Trading Strategies, Tools, and Techniques to Help You Become a Consistently Profitable Trader

Price Action Trading Secrets: Trading Strategies, Tools, and Techniques to Help You Become a Consistently Profitable Trader

Reviews from Real Users

Stephen R. Montembault

I'm new to stocks and trading. My first encounter with Rayner was on UTube where he gave an instructional session on Candles which clarified on how to understand and interpret the various patterns. Since then have viewed other videos of his and purchased his Price Action Trading Secrets book. To a new trader it provided invaluable technical knowledge combined with sound guidelines on how be a become a more successful trader. Has a realistic approach to trading and doesn't make any outlandish hyped-up claims you often encounter in promotional material online. Has a great sense of humor and is a real down to earth individual. Now that I have read this book its time to study it's concepts and begin applying them.

Richard G Daniels

I have read more than a dozen books on trading. Nothing new here as the author even says. However, he does a great job of simply going through the basic concepts in a way that's easy to learn, understand, and apply. This is a great book for building a solid trading foundation. I highlight principles and rules that I can apply to trading. I found that I highlighted more than expected. I would recommend this book to others who want to learn about becoming a trader.

TechOne

So many promise so much with extraneous jibber jabber. With this book, Rayner Teo offers an excellent and honest entry into trading. From here you can find your foundations upon which to grow.

8. Day Trading for a Living

Day Trading for a Living

Reviews from Real Users

Kyle K.

Preface: This review is not just about the book, but it's also about the author, his work, BearBullTraders, and your journey to becoming a daytrader. If you don't want to read all that, you can skip to the TLDR.

I've also read Aziz's prior book, so I picked this one up on release as I found that book to be an easy read. It covers a lot of what the prior book did, but adds on to the knowledge base with more strategies (low-float based, etc). If you're familiar with the prior book or have some experience in markets, you may be able to just jump straight to this one. If you are not confident in your foundation, reading both would be good as this one can serve as reinforcement + expansion. Yes, there's a lot of overlap, but I believe it's by design since some may choose to skip just to this book.

In daytrading and in most things, this is not easy work. The first thing I remember standing out about Andrew's first book was his brutal honesty in telling you that the vast majority of retail traders will fail. That stuck with me as it's a very negative note to start a book off with (marketing101 says you stay away from the negative), like a "hey, congrats on thinking you can do this, but you can't". That may turn off a lot of readers, but it's that brutal honesty that made me stick to his book more than others. He wasn't trying to sell me something right off the start, he didn't try and say "hey, you can make $2000 a day just by sitting at home!" like many con-artists try to push.

When trying to learn about anything that can be a self-run business or job, you have to be very careful about the charlatan. I grew up with a parent that seemingly always got sucked into the "free seminar." After seeing a few, I understood what they were selling - not knowledge or education, but hope. Their free marketing seminar was really just a loss-leader to get people into the door so they could sell them on hopes and dreams, then push them to hand over a couple thousand dollars. It's like a time-share for information. They're experts in social psychology and know how to sell you on your desire to have financial freedom, when in actuality they're just freeing your wallet of extra cash. This is especially true in the DayTrading education market as there seems to be a lot of con-men in it. I've watched "seminars" of people who spend 20minutes trying to convince you it's a live seminar and not recorded (it was totally pre-recorded), pitching "new ideas" that are just recycled common strategies with a new name.. I've read about others who seemingly never lose a trade (it's not possible), and I've witnessed what seems like organized pump and dump schemes, where the guy sharing the screen uses his slight video delay and large following to seemingly "pump" a stock. -- Side note, if you want a great read on the social psychology of sales tactics, I highly recommend Influence by Robert B. Cialdini, you'll start to see sales interactions in a different light.

So when I started to actually look into Andrew's other work, like his courses, and his chatroom, I was intrigued. I did a trial version of the chat and observed him. One thing that stuck out more than other "gurus" in this area is that he seemingly wants to educate people. It's not so much a business where profit is the number one driving factor as much as it's a passion to share. That struck home with me as I'm of the same mindset, I get more pleasure from helping others than I do making money. I like to help people be their best for the sake of helping someone. It was a refreshing change from what I've seen in the day trading space. The chatroom is fun because it's more of a community where you can have discussion, ask questions, and joke a little - this is in contrast to some other chatrooms which are strictly "stock callouts" only. If you have a bad trade or a bad day, others jump in to talk you through it. You learn together.

I've seen a few reviews that don't like the fact his other services (chatroom, courses) are mentioned in the book. By all means, you should shop around! If someone is selling you a product within a product, be skeptical. I did my research and was satisfied with what I found, I felt my lifetime membership provided enough value to justify the cost. If you stay with this profession and want to actually learn, you have to put in the hard work. Most won't be able to read just a book and be proficient in it, you do have to practice, and you do have to ask questions and get answers. Wherever you end up in your journey, if you stick with it, you can find success.

TLDR Review:
- The book is an easy read and provides good value (tremendous value if you bought the Kindle version for under $10). It hits all the common points that you'll find in day trading education books, so if his writing style suites you, this will work.
- If you're curious about day trading, this will be a good book for you as it doesn't sell you on "make thousands a day, it's easy!", it's honest in what you can expect.
- If you've read the prior book, expect a lot of overlap, but there's enough new stuff to justify it being a new title and not just a new edition to the old.
- There's no master strategy or knowledge that can be obtained from books. You're not going to become a master day trader overnight through information osmosis, you have to be willing to put in the hard work as well.

Good luck.

cherrm

Three months ago, I resigned from my 6-figure career as a research scientist at a fortune 500 company to pursue day trading. I was weary of the constant travel, the politics, and the lack of leadership. Let me also mention that I had already amassed a comfortable nest egg (and could afford to lose 50k+ in a trading account without hardship) and my wife is currently employed as a professional who makes 6-figures, so we can allow time for me to paper trade in a simulator indefinitely, until I become consistently profitable or decide to do something different. Not to rain on your parade, but if you can’t afford do this, don’t quit your day job. Trading is hard enough, and worrying about paying bills would make it impossible.

For the past several years, I dabbled in trading and found it really interesting and moderately profitable (mostly swing trading), but I knew that to replace my income by trading, I needed to become a more active trader who constantly monitored price action each day.

This is by far the best book I’ve read on day trading. Aziz doesn’t pull any punches and lets the reader know that successful trading is going to take time and a lot of hard work. He also provides fantastic charts from his past trades—the setups, rationale, strategy, and psychology behind successful trading. More importantly, Aziz alerts you on what NOT to do! I’ve put these ‘bad practices’ to the test in my paper trading account, and almost every time I blow up my fake account in a few days.
Aziz also shows his end of the day P&L which allows you to back-calculate the kind of buying power you will need to achieve similar results (usually income of $1-1.5k per day, at least on his good days that were published). This kind of comprehensive insight is not available in any other text I’ve read, and I find myself returning to this book often. I’ve read many books on technical analysis, technical indicators, swing trading, and I’ve also read Aziz’ previous book, which is where you should start if you’re brand new to day trading.

The bottom line is that Amazon is full of day trading books, and you should be leery of any book published under Amazon’s Createspace publishing, especially if they have over 4.5 stars and are full of bogus reviews that were all written within 2 weeks of publication despite the book being 3 years old. These books are almost entirely written by unsuccessful traders who get a few bucks for every copy they sell, after having lost their entire fortune to the market, then glean repeat income from their book sales-- books which provide little more than a glossary of terms.

I recently became a member of Bull Bear Traders and find their chatroom insightful and unintimidating, yet the members have the mentality of professional traders and keep me tuned in from pre-market to close. I always learn something new. Definitely not a bunch of warrior traders looking to get rich on a $500 account trading penny stocks.
I have not been contacted by Aziz or Bear Bull Traders and am receiving no compensations for this review. I respect Aziz’ credentials, the community he has built, and his commitment to teaching. If you are looking for the best book on day trading, spend the nominal fee and get this book. It might give you the clarity and confidence to step boldly into a new trading career.

I’ll update this review at the end of the year.

Amazon Customer

Pros:
1- Probably the most practical day trading book that is out there. Goes right to the practical techniques and generously share all the details from trading strategies step-by-step with handful examples for each case to scanner settings (some day trading services ask for hundreds to thousands of dollars just to give the scanner settings).
2- Very useful glossary of terms at the end of the book.
3- It also contains information about brokers and comparison of their services plus scanner and platform services.
Cons:
1- Some pictures are low quality (probably 25% of them).
2- Although there is “probability” term in the book title, there is nothing in that nature really discussed in the book from technical point of view, which is understandable as day trading is not using sophisticated mathematical algorithm to pin point stocks and trading them. The whole section on risk and trade management is honoring the principle of 1:2 or 1:3 risk/reward ratio.
Overall, successful day trading comes with practice and proper risk management (including having your psyche in check). I think the materials in this book will be enough for many years of practice, execution, mastering and modifications for your needs and goals.

9. Mastering Trading Psychology: Improve Your Trading with Firsthand Reports by Real-Life Traders

Mastering Trading Psychology: Improve Your Trading with Firsthand Reports by Real-Life Traders

Reviews from Real Users

Patryk Tomaszewski

I gave this book five stars, because it addresses a crucial topic in trading and there are only a few publications out there seriously covering trading psychology. The market is saturated with books on "proven" techniques, which often fail to deliver, and "Mastering Trading Psychology" deserves recognition for its more substantial contribution to the trading "genre."

That being said, the book needs some serious copy editing. In my review of Andrew Aziz's "Advanced Techniques for Day Trading," which was also self-published, I suggested that collaborating with a publishing house would help improve the content and structure of the book and the current volume further proves my point.

Though "Mastering Trading Psychology" is technically co-authored by Andrew Aziz and Mike Baehr, it relies heavily on contributions from various members of the BearBull Traders forum, whose excerpts are copy-pasted into the chapters with only minimal edits. Aziz reiterates the collaborative nature of the work on multiple occasions in the introduction, but that acknowledgment does little to fix the inconsistencies with language flow and prose. These first-person accounts are often repetitive and long-winded, resulting in an awkward structure and a format that is sure to frustrate the reader. (They also include too much praise for Aziz and Baehr, which should be cut down significantly to avoid a self-aggrandizing tone.)

Moreover, the authors incorporate parts of Aziz's previous publications, at times word for word. The chapter on resilience in trading, for instance, features excerpts (p. 67-68) from "Advanced Techniques of Day Trading" borrowed directly from the previous volume. In the same chapter, the authors also duplicate an existing paragraph, reproducing a fragment from page 66 on page 69, which causes further confusion. Examples of similar blunders can be found throughout the book.

I understand that self-publishing gives Aziz and Baehr a degree of autonomy, but the resulting lapses in structure and language are very unfortunate, especially given that the book has great potential. It covers a number of crucial topics, from emotional control while in a trade to sleeping habits, which I have found to be extremely helpful. This is also why I think this book should be picked up by traders looking to improve their game and is definitely worth the money. Nonetheless, I hope that Aziz and Baehr will put more effort into the editorial process of their next project and/or the next edition of this book. I look forward to learning from them in the future.

Allya

I started as a day trader with little experience. It doesn’t take much experience to press a, “buy”, button. But, I know myself well enough and within a few short weeks realized I need to master my psychology. Oddly enough, within a few days, Andrew Aziz announced this publication. I immediately bought it. Over the course of 2 months and while reading books on TA, I read this very slowly and precisely. This book is SPOT ON and should be the FIRST book that any aspiring day trader should read. From averaging down to over trading to hitting goal, it covers the psychological aspect of EVERYTHING a developing trader goes through - and more! Highly recommended. Thank you Andrew and Mike for compiling this book together. It taught me more about myself than I thought any book could.

TeamBronx

Giving this 5 stars. Been in this game learning for over 2 years slowly learning. I’m still a newbie. I’ve literally journaled and thought out many of the topics in this book. It’s an incredible book that shows every reader goes through the same things. It provides some solutions to these problems and ways to change your mindset to help you improve. Great book. My only problem is Andrew mentioning on multiple occasions his biases about plant based diet or being a vegan. Their are benefits but there are risks. He insinuates including meats in ones diet is nothing but negative which science shows this is untrue. Just prefer people to include the whole truths about things like this. Other wise trading psychology oriented it’s awesome

10. Trading Tools and Tactics: Reading the Mind of the Market (Wiley Trading Book 457)

Trading Tools and Tactics: Reading the Mind of the Market (Wiley Trading Book 457)

Reviews from Real Users

Khellian

Of the thousands of books on trading the stock market this one stands out ahead of the crowd. If you've waded through an examination of hundreds of indicators and tried to discern why sometimes they work perfectly while at other times they throw you under a train, then this book is likely to be for you. This is a book that explains how to look at a chart and understand why moves happen and then how to anticipate high probability moves that could happen. The main indicator is price action and what this book focuses on is how your mental approach to trading will determine 90% of your success along with actionable methods to enter and manage trades. When you can get away from trying to be profitable on every single trade, to being profitable every week or month with manageable losses along the way, then you will be on the right road to success.

This is not a light read but I found well worth the effort.

firecracker

Greg explains the market movements in a way that is simple to understand and remember. As a member of his Green Room trading room, I value the information in this book more every day as I continue to expand my understanding. The more I experience the wisdom of Greg Capra's master trader method, the more I value this book. It is terrific. But now that I am experiencing these things in real time and live charts, the book has become even more invaluable to me.
We hear about everyone's interpretations and how to read our charts....but Greg brings the market language into the chair beside you, as if it were a friend from another country and he is interpreting the conversation for you. So the title of this book is not hype, it is the trials and battles of one trader who has years of REAL trading experience and has learned the language very few ever really 'get'. He interprets the nuances....kind of like when we say to someone, 'oh get out of here' and mean, 'is that really true?' rather than 'please leave'. He interprets the complexities of 'context' by showing and explaining to you how what you see in one chart may not mean the same thing as in another.
This is hard for me to explain, just trust me, it is BRILLIANT!

David A. Smith

Typically when I buy a book if I pick up just one great idea or strategy I consider it a win. Or, if I gain some clarification or perspective on a previous idea from another book I consider that a win. In this case I think I may have picked up and clarified more than one. I have to admit that I have read the book more than once and it isn't perfect but it certainly clarifies many trading idea's and concepts that you must have a firm grasp of to trade successfully. I would characterize the theme of the book as "Objectivity" and how to be objective when trading.

I too am frustrated by the use of greyscale for the book and not color but the concepts and strategies outlined within the book are well done and don't necessarily require all the charts to be color. But yes, I certainly would have preferred it. For the record, Steve Nison is considered the foremost authority on Candlestick charting techniques in the US and NONE of his charting books are in color.

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Chapter 1: Subjectivity Doesn't Work in the Market: This chapter has what I believe to be THE most important concept in trading. "The Four Stages of the Markets"! You might already see the market this way but haven't know exactly what to call it or maybe you have never looked at the market this way before but I use the four stages as the basis and is THE first question I ask myself, regardless of time frame, before I take a trade. "What stage is the market in on this time frame"? Once you know what stage the market is in you immediately know what entry strategy I need to pull out of my bag of entry tricks to determine my entry; position size, stop loss and potential exit points. If you don't know the answer to these four questions before you take a trade you should consider NOT taking that trade. The author covers these stages quickly because truthfully they just aren't that hard to see or understand. Recognizing the stages and trading them accurately is a whole different ballgame. When you learn the stages and how they transition you can literally find the specific bar that changes the stage allowing you to be on the right side of the market, with the trend, before anyone else.

Chapter 2: Candlestick Analysis: If you use Japanese Candlestick's to trade you probably have the Nison books on your shelf already.

Chapter 3: Support & Resistance - Price is King. Differentiating between Major and Minor support and realizing that minor support is more important than major support along will both save and make you more money than you can imagine. Support and Resistance traders trying to understand why getting long at Major Support fails most of the time when your larger time frame is in a uptrend your answer may finally be here. Why is minor support stronger than major support and why is it actually minor support that makes the markets work may be that light bulb moment for your trading. I highly recommend you understand this concept. How about understanding when support is supposed to fail so that you aren't long when it does or when resistance is actually going to stop your trade from going higher and when you can actually continue to let your trade run? This is just one of those chapters the author literally could have written a separate book for.

Chapter 4: Moving Averaged the Right Way: Visual Aids to Price Action. So if I told you a moving average is NOT a support or resistance area would you believe me? "But it works" you say. Have you considered that perhaps when it does work it's because of something else on the chart your aren't seeing on either your entry time frame OR a larger time frame? This chapter may give you some insight it how to better use those moving averages as a timing mechanism (focal area) verse using them as support and resistance. There's also a great strategy for trading with the trend using both the 20MA and 40MA that if you are patient enough to both find and wait for the proper entry on any time frame is a extremely high probability trade.

Chapter 5: Volume is Money: Commitment to Prices. I am primarily a currency trader so accurate and consistent volume is not a luxury I have but for trading instruments where volume is reliable then this chapter be more of a clarification win for you.

Chapter 6: Retracement Analysis: Using Retracement Analysis to Continue Your Move: Understanding how and when a stock 'rests' after a strong move and when that pullback after that move is a normal reaction that you should not worry about is another one of the clarification points that you is critical to understanding when not to panic. This chapter dovetails very nicely with the support and resistance concepts from chapter 3. It's difficult to separate these two chapters in terms of importance and how together they can be used to manage your expectations for any of your trades regardless of the time frame you have entered on. This chapter is also one of the first chapters where we start to see multiple time frame analysis and gain some understanding of exactly how important that concept is.

Chapter 7: Bar-by-Bar Analysis: For some reason the first thing I thought of when I saw the chapter of this book was "Pub Crawl" but apparently that's not what this chapter is about. This is a short chapter but it does introduce to you the fundamental pattern that you are looking for when trading. Your ability to understand how to take this pattern and 'see' it across multiple time frames is actually one of the most important concepts you can learn as a trader. It may be one of the shortest but the concept is critical.

Chapter 8: Market Internals: I am embarrassed to say I have yet to read this chapter. Why? Being a currency trader I use the correlation between the 6 major pairs and the crosses as my market internals. With that said, if you trade some of the SP 500 Mini you may find these market internals very helpful.

Chapter 9: Relative Strength. Granted this isn't just a equity trading concept but I have not read this chapter given that in currency trading we look for correlation, which is a form a relative strength, but within the confines of this book it is primarily a equity concept correlated with the market, defined as the Q's or the SPY, so I have yet to read this chapter.

Chapter 10: The Trend is Your Friend - There are only three directions: The cliche only makes sense if you can accurately identify the trend and then coordinate that identification of that trend across time frames. Until you can do that you are gonna struggle as a trader. The basic building block of a identifying a trend is a pivot but pivots come in all shapes and sizes and your ability to determine which ones to pay attention to is critical. Here again we see great references back to support and resistance and of course those pesky moving averages.

Chapter 11: Shoot the Gap. This chapter is really just a overview of how to trade gaps. Gaps are something you need to understand on a level that this chapter really doesn't do justice. In terms of equity trading he probably needed to mention them because they happen every day to almost every stock but for beginners or as a introduction its fine.

Chapter 12: Frame-by-Frame: The Concept of Multiple Time Frames. Remember those 'stages' I mentioned as being so VERY important from Chapter 2? Well this is where that concept really shines. Once you understand the stages and how to identify them you then need to apply that understanding to multiple time frames. The author refers to the larger time frame as a 'Macro' time frame and the smaller time frame as the 'Micro'. Your goal is simple really. Match the stages across time frames. If the daily (Macro) is in a (Stage 2) uptrend then you need to wait for the 15M (Micro) time frame to also be in a (Stage 2) uptrend. Earlier chapters have already given you the 'pattern' you need to match and/or be looking for to enter the trade. In this chapter he points out "Three Incredible Rules for Trading". The third one, using failure of a smaller time frame, is my favorite.

Chapter 13: Making Failure Work for You - Recognizing When Patterns Fail. So here you are, you understand the stages, you understand pivots and trends and you can see those pivots and trends across multiple time frames. Now you want to get into a trade because it as all become so clear and then ... the smaller time frame entry fails! Funny, because that's exactly what I am looking for. This is a great chapter both technically and conceptually. This is a very advanced topic but the concept is pretty basic and very well laid out here for you to build a trading strategy around. This might be my favorite chapter for what that's worth. I personally think you could write a book on how to use the failure of a micro time frame to enter a macro time frame but this author wrote a chapter. There are references throughout the book using this concept to keep a eye out for them. It is a fantastic strategy for entering a trade.

Chapter 14: Manage the Trade and the Money - The missing link. I realize it's hyperbole to call each chapter the most important. Invariably it becomes a cliche that when used we don't even really hear anymore. We dismiss it as perhaps some habitual phrase like 'um' that so many people use as a way to think or gather thoughts before they begin speaking again, usually in cliche, about something they feel is important. But this chapter sheds some light on some concepts that if you don't understand and apply you will blow up your account. Your trading or investing career, whether you realize it or not, is predicated on understanding how to treat each trade equally. If you think one trade is better than another then you need to seriously look at that 'other' trade and consider never taking it again. Here again we see a reference to those three pesky questions you better know the answer to before you put your hard earned money on the line; the exact price to enter, the exact price upon which to know when we were wrong, and the approximate area to exit the trade for profit. Yes, I realize and the author realizes that different time frames imply different position sizes for trades ... but do you? How much to risk on a trade is a critical concept that the author does a very nice job of addressing.

Chapter 15: Getting Through a Typical Day. This chapter is basically self explanatory and is a summary of how to get your thoughts organized both before and after the trading day. But he touches on a having a 'trading plan' and how to compare your daily trades to your plan so that you can change/improve/modify either your trading plan or your execution.

Chapter 16: There is only One Truth in the Markets: Price is King. I think that just about covers it really!.

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Is the book perfect? Of course not. It frustrates me that the charts are not in color. I will forever not understand why the charts aren't in color given that when you trade using Japanese Candlesticks the color of the bars are critical. Particularly when daily charts are used as examples, which invariably contain gaps, that without color you can barely determine whether the daily bar is bullish or bearish. Sometimes, but not often, the wording is awkward or difficult to understand. I have a feeling this book was a long time in the making but it probably needed to be better proof read. (I realize you could probably say that about my review as well so here's to the kettle calling the pot black). I realize the Author has a trading school, which is mentioned in the book, so they use some terms that are specific to there way of teaching but in those instances they are usually pretty clear about the concept given that the names really don't matter anyway. I have attended some of the free workshops of the author and been able to ask questions directly about the book.

I have both the iPad Kindle version of the book and the Hard copy. The iPad kindle version has all the quirks of a ebook in that sometimes pages that were once on the left are now on the right or charts have 'moved' so I purchased the hard copy as well for whatever that's worth.

I am a prop trader but NOT a prop trader for the Author or Pristine.

I can't speak to the Wiley site and whether or not that works.

What to Consider for trading books

Here are the key considerations

Features You are Looking for

The product should have the features you are looking for. All the reputed marketplaces and online shops write product descriptions, read them, assess them according to your need. If you are not happy with what they wrote on there, ask them.

You know what? Ifs better to regrate before than after purchasing a product online. Returning products is a hassle.

While checking the product features, compare its pros and cons. Here in our list, we picked the {replaceKey} features from Amazon, to make a quick look. Hope that helps.

Users Feedback and Brand Recognition

Certainly, a product is available on the market for a while, the brand hit some sales and obviously, there is a customer base. If you make a few google searches and read some user feedback you will get a nice idea about that product and brand value and recognition.

The good thing is here we have compiled some good feedback from real users, I mean verified product owners.

There are a few tricks to understand a brand value and recognition like how loyal the customers are, how much visible the brand is? What is their customer support like?

Support and warranty

Sometimes the product you purchase needs customer support and that’s important. So it’s better to check their official website and support system. How faster their response is and how helpful they are.

So support depends on your product type and services. You should define the product and how consistent customer support you will be needing or not.

Product Price

Product price plays an important role in purchase decisions. Yes, some products provide real value for the money, but it does not mean high price product is always good. But you know money talks and a product with better price, chances are the product is good.

Conclusion

The customer reviews compiled above helped you to understand the pros and cons of the product. Customers review helps to take decision real quick. It saves your time and effort. So you got some idea on trading books, That is our happiness.

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