As if that weren’t enough, this book is entertaining, fun to read and depicts numerous scenes of self-education - something you can put to good use. It is a fictionalized account of the life of Jesse Livermore, an outstanding trader of the early 20th century. Market psychology never changes.įirst published in 1923, this book is still one of the most recommended books for traders ever written. Key takeaways: technical aspects of trading change over time, people involved in the global financial market don’t. “Reminiscences of a Stock Operator” by Edwin Lefèvre In this book, the author will guide you through the process of mindset transformation, hopefully elevating your trading in the process.
The book is not a mere inspirational chatter, as most professional traders agree on the importance of psychological factors. Both novice and experienced traders can benefit from reading this book, no matter their preferred asset and time frame.
According to Mark Douglas, the way you trade is defined by the way you think. Key takeaways : you can influence the outcome of your trades by adjusting the mental attitude you have.īy reading the previous abstract you already know that a proper mental attitude is an essential part of a trading strategy that pays out. Zweig, Ph.D., Editor, The Zweig Forecast “The Disciplined Trader: Developing Winning Attitudes” by Mark Douglas A few of the ‘Wizards’ are my friends - and Jack Schwager has nailed their modus operandi on the head.” “Market Wizards is one of the most fascinating books ever written about Wall Street. All their stories are different, and all their lessons are truly valuable. Read this book to know what Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin - all high-performing speculators - have to say about success in the financial markets. Behind every success story there are two factors: solid methodology and proper mental attitude, that, when combined, can lead to success.Ī collection of interviews rather than a single narrative-driven story, this book is a source of timeless wisdom and important information for novice and intermediate traders who want to step their game up. Key takeaways : world’s most successful traders are NOT natural-born geniuses or lucky winners. Today we take a closer look at three essential books that traders of all levels can benefit from. More than that, you will be better prepared for the harsh reality of financial markets if, in your pursuit of knowledge, you combine different sources of information. However, that is not the only way to learn. In IQ Blog we provide you with bite-sized pieces of information that could enhance your trading strategy and trading routine. Articles, blog posts and books - all will do.
How are you supposed to learn how to trade then? However, trading is usually not addressed in schools and universities (there are some exceptions but for most people chances of acquiring a degree in trading are slim).
In trading, education is of utmost importance.