Best trading books for beginners

I’ve been asked a lot about my top trading resources and while I am working on my own course for beginners (which I hope to get ready in the coming weeks) I decided to share with you 10 of the best books I have read that helped me get started in crypto trading. Most of these are not actually specific to crypto as you can imagine – this is still a fairly new asset class – but they are giving you the basis, the absolute key knowledge about trading assets and financial instruments and you simply cannot go without knowing these core laws of how the market works and how TA and FA works.

So here is my top 10 list for those who want to avoid making the most common mistakes in their early days. I mean, don’t get me wrong, mistakes are inevitable and you will make them, that’s a guarantee. But the point is to make less mistakes by knowing what to look out for and knowing how to approach various scenarios so you can stay on top of your game even while you are still learning.
Here we go:

• • • • • • • The Crypto Trader – this is actually one of the very few titles that is crypto-centric and really gives you the main tips on what to avoid in crypto in particular. Glen Goodman is sharing his own experience in a very humorous and relatable way. He’s giving us the most important lessons from his past and some examples of the most recent Bitcoin market moves that many of us still remember very vividly. Great book for anyone who is just starting in crypto. For a reduced price on this great title, use this link.
              

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            • Bollinger On Bollinger Bands
              
              One should expect the best breakdown on the Bollinger Bands indicator to be delivered by its actual inventor and this book is exactly that. John Bollinger includes his simple system for implementation, and techniques for combining bands and indicators. By more accurately indicating the existing market environment, they are seen by many as today’s standard—and most reliable—tool for plotting expected price action. You can click on the title or the image to go straight to the Amazon link.

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            • Technical Analysis of the Financial Markets 

              From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today’s financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.

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            • Long-Term Secrets to Short-Term Trading

              Okay, this is one of the more expensive titles in my collection but the value you are getting from this excellent volume is well-worth the 50 bucks if you ask me. It offers market wisdom on a wide range of topics, including chaos, speculation, volatility breakouts, and profit patterns; explains fundamentalssuch as how the market moves, the three most dominant cycles, when to exit a trade, and how to hold on to winners and even includes in-depth analysis of the most effective short-term trading strategies, as well as the author’s winning technical indicators.

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            • How to Make Money Trading with Candlestick Charts

              Here’s a very detailed, yet simple breakdown on the different types of candlesticks and how to read them. Basically everything you need to know about candlestick charts and the information they contain is explained in this volume making it an absolute “must-have” encyclopedia in your library.

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            • My Warren Buffett Bible
              
              I should have probably started with this one. Warren Buffet is one of the most revered and respected investors and traders of this age. I don’t even have to explain how much one can learn from this guy and just as one of the reviews goes: “If you are an investor or even a civilian not in the market, buy this book. Great wisdom.” I concur.

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            • Elliott Waves Made Simple 

              The use of Elliott Waves analysis, in combination with other tools, would highly stack the odds in your favor or increase your chances of winning trades. This is especially useful for detecting big and major movements in any financial market charts. While Elliot Waves are often too hard to draw (this is not an automated indicator and you’ll need to learn how to spot these), this book does what it says on the cover – makes the process less complicated and confusing. It took me more than a year to get to use EW and this is definitely a helpful tool for it.

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            • Jesse Livermore’s Methods of Trading in Stocks by Wyckoff, Richard D., Livermore 

              The Wyckoff method is being referenced a lot in many traders analysis and even though it was developed in reference to the stock market, it applies to crypto as we are seeing all the time.
              It is very well explained in this book and I’m sure it will help you get a deeper understanding of it.

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            • Technical Analysis and Stock Market Profits

              Schabacker presents technical analysis as a totally organized subject and comprehensively lays out the various important patterns, formations, trends, support and resistance areas, and associated supporting technical detail. He presents factors that can be confidently relied on, and gives equal attention to the blemishes and weaknesses that can upset the best of analytical forecasts: Factors which investors would do well to absorb and apply when undertaking the fascinating game of price, time and volume analysis.

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              • The Ethics of Money Production

                Okay, I know this is not exactly a trading guide but trust me when I say – you HAVE to know all this and if you are going to be trading and working with any type of financial investments, understanding the basics of money, economics and how today’s financial systems operate is paramount to your success so go ahead, click the picture or the title of this book and grab your copy NOW. It’s a cheap one, so there’s literally no excuse. NOW.

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And there you have it. This is a list of some of my most treasured books that helped me on my path to becoming successful at trading. I want to also point out that it took me about a couple of years to get the knack of it but I was careful to allocate only a small portion of my capital to it when I started and this is really important:

Don’t go big as you will go broke!!!

When you start you are certainly going to miss some of the warning signs or you won’t read the indicators correctly, you might follow one indicator but ignore another one and in most cases you will have to follow a few and confirm a trend or price action with multiple tools and indicators, so make sure you start low and build up slowly and patiently. Patience is the trader’s best friend. I have a lot more advice to give but let me put this in my own book so there’s something in there you might want to read too 😉

Enjoy reading these, make sure you get at least half of them, I challenge you.