Top 7 Must-read books to start your trading journey

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For all the people looking to start a journey in trading , here is a must-read list of books for your improvement .

This book is considered a classic for a reason, it provides a comprehensive approach for investment and it's written in a clear and easy to understand language. It's a book that can be read over and over again and it will still provide valuable insights and advice for investors of all experience levels.

• "The Disciplined Trader" by Mark Douglas: This book focuses on the psychological aspects of trading and how to overcome common emotional barriers that traders face.

The book covers a wide range of topics related to trading psychology and behavior, including the importance of having a consistent trading plan, the role of discipline in successful trading, and the importance of managing risk. Douglas also discusses the common psychological traps that traders fall into, such as overconfidence, fear, and greed, and offers strategies for overcoming these obstacles.

• "Reminiscences of a Stock Operator" by Edwin Lefevre: This is a classic book, published in 1923, is a semi-biographical account of the life of Jesse Livermore, one of the most famous traders in history.

Throughout the book, Livermore talks about his experiences and the lessons he learned in the markets, covering topics such as money management, risk management, and the importance of discipline. He also talks about the psychological aspects of trading, such as the importance of staying calm under pressure, managing fear and greed, and the role of patience and perseverance in achieving success.

• "Trend Following" by Michael Covel: This book describes a systematic, research-based approach to trading that seeks to profit from long-term market trends.

The book covers the principles and mechanics of trend following, and it's written for traders and investors of all levels of experience.

• "The Little Book of Trading" by Michael W. Covel: This book focuses on the basics of trend following, offering guidance on how to navigate markets, reduce risk, and increase returns.

The book is divided into several chapters, each of which focuses on a different aspect of trend following. Covel covers everything from the history and philosophy of trend following to the mechanics of building and implementing a trend following system. He also discusses the importance of risk management and the psychological challenges of trading.

• "Market Wizards" by Jack D. Schwager: This book is a collection of interviews with some of the most successful traders of all time, providing valuable insights into their strategies and mindset.

The book is not only valuable for traders but also for investors and anyone interested in financial markets, as it provides a unique insight into the minds and methods of some of the most successful traders in history. Additionally, it helps to understand that successful traders have failed many times before they got to the top, that they have had losing periods, but have learnt from them and moved forward.

Extra Bonus for my readers :

• "How to Make a Living Trading Foreign Exchange" by Courtney Smith: This book provides a comprehensive introduction to the world of forex trading, including strategies, risk management, and practical tips for success.

• "The Complete TurtleTrader: The Legend, the Lessons, the Results" by Michael W. Covel: this book tells the story of the famous Turtle Traders, a group of traders who were trained based on a trend following system, it also includes the lessons learned and results achieved by them.