Trading can be tricky.
That’s why the more you equip yourself with the right knowledge- the more likely you are to come away on top.
Here are the top 3 trading books every trader should read.
Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas
In this book, the author has sought to explain some of the reasons that lead a lack of consistency throughout the process. It is this lack of consistency that can lead to reduce profits and an increase in unnecessary risks. By understanding the mental habits that successful trader have, individuals who fail to practice these habits will learn the hard way why their actions are costing them money.
Related: A Eurozone Focused ETF With Promising Potential
Trading is much more than just knowing how to place a trade. You have to learn how to handle uncertainties and approach the market with the correct mindset and this book teaches you exactly how to do that.
Another interesting component of this book is that the author tackles some of the myths of the major financial markets, and exposes them by teaching the truth behind each. This will help the reader come to grips with the level of risk that they are willing to take on and to examine the likelihood that any given market will respond in a certain way given the current and prevailing political climate of the day. It is an effective read for all traders who desire to hone their mental acumen and increase their investment prowess.
Market Wizards by Jack D. Schwager
We wholeheartedly recommend Market Wizards. This is a timeless classic that has sold more than 200,000 copies. Its popularity lies in its ability to explore the investing acumen of some of the most prolific traders of the modern and historic eras.