Our recommended trading books. A small selection of books we own ourselves, and which we found to be very useful for both the beginning and advanced trader. We will regularly add books to this list.
Commodity Futures and Options
All you need to know to succeed in the high-stakes global commodities markets — completely updated for the 21st century! Secrets and techniques from a trader with a 20-year record of consistent success!
25 secrets of the trading pros, essential rules for day traders, and more! Step-by-step guidance for analyzing the markets fundamentally and technically. More fortunes are made and lost quicker in the commodity futures and options markets than anywhere else, and yet, despite the immense opportunities, consistent trading success is itself a rare commodity. George Kleinman has been playing the game successfully for over 20 years. Mastering Commodity Futures & Options, Second Edition enables you to learn from his extraordinary experience — and truly master these markets. In this completely updated edition, Kleinman presents 25 secrets of the trading pros, essential rules for successful day trading, new definitions and examples, and much more.
This book leads you step-by-step through the markets and strategies, from the foundations to the frontiers of advanced trading. Practical and thorough, it introduces the key features and essential techniques associated with each leading commodity market – -grain, metals, energy, meats, sugar, cocoa, even financial futures and stock indices. Discover how to analyze the markets both fundamentally and technically; and, even more important, learn how to avoid the disastrous mistakes so many traders make in the shark-infested commodity waters. For both the novice and seasoned trader.
George Kleinman, President of Commodity Resource Corporation, is a commodities trader with a proven record of success extending more than 20 years. He entered the business in 1977 as a futures broker with Merrill Lynch’s commodities division and became a member of its Golden Circle of top ten international commodity brokers. In 1983, he founded his current firm, which has been honored numerous times for outstanding performance. He is also a member of the National Futures Association and the National Introducing Brokers Association.
Japanese Candlestick Charting Techniques
Completely informative and global in its outlook, Japanese Candlestick Charting Techniques provides the first in-depth explanation of candlestick plotting and analysis in English.
This exciting book exposes the reader to the author’s years of study, research, and practical experience in this increasingly popular and dynamic area.
Hundreds of examples that span the futures, fixed-income, equity, and foreign exchange markets show how candlestick techniques can be used in all of today’s markets. Through such patterns as the “dark cloud cover” and “hanging-man lines” the reader will discover how candlestick techniques provide unique market insights that are unavailable anywhere else.
Steve Nison maximizes the power of candlestick techniques in part 2 of the book, by using them in conjunction with Western technical analysis tools.
This book is a must for every trader who wants to optimize his technical analysis tools.
Candlestick Charting Explained:
Timeless Japanese candlesticks are one of today’s most important technical tools. Candlestick Charting Explained demonstrates how candlesticks charts can be used to identify and anticipate price patterns in the financial and commodity markets.
Comprehensive and authoritative, the book explains how to combine candlestick with other technical tools to identify profitable trades. Clearly written and illustrated, Candlestick Charting Explained is a superb book for any trader who wants to master this powerful trading system. Specific topics include: Candlestick charts versus bar charts; Philosophy of candlestick pattern recognition; Reversal and continuation pattern recognition; Reversal and continuation patterns using candlesticks; Trading with candlesticks.
Trading for a Living:
Psychology Successful trading is based on three M’s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:
- How to become a cool, calm, and collected trader
- How to successfully read the behavior of the market crowd.
- How to use a computer to find good trades
- How to develop a powerful trading system
- How to find the trades with the best odds of success
- How to find entry and exit points, set stops, and take profits.
Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game.
To help you profit even more from the ideas in Trading for a Living, look for the companion volume-Study Guide for Trading for a Living. It asks over 200 multiple-choice questions, with answers and 11 rating scales for sharpening your trading skills.
Buy this book now and start learning how to become a better trader today!
Study Guide for Trading for a Living
This Study Guide is designed to accompany Alexander Elder’s book, Trading for a Living. Provides a synopsis and summary of each section of the book Trading for a Living.
Over 200 multiple-choice questions give a high degree of insight into the principles taught. Highly recommended to be used in conjunction with the text.
Successful trading is based on three M’s: Mind, Method, and Money. In his long-awaited book, Trading for a Living, Dr. Alexander Elder has taught you how to combine personal discipline with finding the best trades and safe money management.
Now, this Study Guide for Trading for a Living helps you discover your strengths and weaknesses as a trader, before you risk your money in the markets.
This Guide is packed with over 200 questions and charts. They help you master the essential trading skills. The 11 rating scales help you measure your growth as a trader:
This guide will help you master:
- Individual psychology-how to become a disciplined trader
- Mass psychology-know when to join the crowd and when to leave it
- Classical charting-identify support and resistance, place stops
- Computerized technical analysis-use indicators to find good trades
- The neglected essentials-read volume, open interest, and time cycles
- Stock market indicators-learn to use the best leading indicator
- New indicators-use Elder-ray and Force Index to find entry points
- Psychological indicators-profit from contrary opinion theory
- Trading systems-learn Triple Screen, Channel, and Parabolic
- Risk management-all about stops and profit targets
Whether you want a personal tutorial or a teaching tool for a seminar, this Study Guide for Trading for a Living will help you gain professional trading skills. It will help you grow into a successful trader and leave the crowd of amateurs and losers in the dust.
Day Trade Futures Online (Wiley Online)
Deals with Trading for a Living ;When to get in-when to get out; Build, test & trade a winning system; Online brokers, research & market data. For those who are well suited to day trading and short-term trading, the futures market is one of the best games in town.
As the original short-term vehicle, the futures market allows the trader to collapse the time frame in which he or she can reach the desired profit target–or pain threshold. As a result, wins and losses are compounded much more quickly than in stock trading–and, in the case of wins, often more profitably. The ability to gain leverage with very little on margin gives you, the trader, the ability to earn more off smaller swings. And enough home runs could allow you to become your own boss, work from home in your bathrobe, or even work from your cell phone while lying on the beach. So far, so good. But what does it take to win?
In Day Trade Futures Online, award-winning veteran futures trader Larry Williams gives a no-holds-barred view of the risks and rewards of this increasingly accessible arena. His straightforward approach to helping you determine your trading personality is the first step. Then he offers traders what they really need: strategies and tactics designed to beat the futures markets. From hardware and software setup to trading psychology and successful strategizing, this highly readable book covers all the bases needed to prepare you to trade online, including:
Assessing your risk threshold; Streamlining the glut of trading and price information to make it work for you; The importance of knowing how to manage your money; Choosing an online broker and utilizing other online resources, such as news, chat rooms, and message boards; When to get out of your trades; Building a system based on Larry’s time-tested strategies . . . and that’s just for starters.
Also included are an appendix of basic futures concepts and a select bibliography of some of the best learning resources. With good humor and brutal honesty, Williams guides you in building the trading system that will work best for you.
The Undeclared Secrets That Drive The Stock Market
A Startling Revelation From a Retired Trader…
This book will help you understand the stock market the easy way. Newspapers, magazines and television newscasters will appear to give authoritative statements on the latest stock market move. However, you are not told the real truth.
Most traders give little or no attention to how the stock market actually works because they believe they already know how it works. The stock market works according to the laws of supply and demand like any other free marketplace. If there is more buying than selling then the stock market must go up, and conversely, if there is more selling than buying then the market must go down. In principle this is correct, however in practice it does not work exactly this way and one may fail to notice the unseen forces that drive the stock market.
This book not only explains to the reader why moves occur, but also how to recognize the underlying forces at work in the marketplace.
You will soon see how you can select individual stocks for trading with limited information. Many traders select stocks by analyzing fundamentals, or getting advice from a broker, or even following buy or sell recommendations in newspapers and magazines. However, there is a far better way to pick the right stocks while leaving the poor ones alone.
The author and veteran trader, Tom Williams, has been energetically applying his analytical studies for the last 40 years to the stock and futures markets. This far-reaching book is the result of a lifetime of trading experience.
Trading Spreads and Seasonals , by Joe Ross
It is a powerful, profit enhancing trading course based on Joe Ross’ years of personal trading experience and remarkable trading success.
These days, it seems most traders are focused on outright futures or options trading strategies. You hardly ever hear of anyone who trades spreads or seasonal spreads, or outright seasonal futures – especially at the same time! That’s because very few futures traders truly understand seasonality. This is why far too many never earn all they can from trading. Worse than that, they end up losing money. Fortunately, Trading Spreads and Seasonals changes all that. It stacks the odds of winning in your favor. How? By giving you a complete explanation of how to crack the markets using a novel approach that combines explosive profit potential of futures with seasonally measured risk.
Plus you learn to protect yourself from the vagaries of market price action that serve to turn winning trades into losers. You’ll find out just what to look for before you enter a trade, such as how to spot trends that will affect you positively where it counts, your trading account. You will not only learn how to hedge your risk, but how to use it to explode your profits in a steady pattern of equity growth! You’ll see which markets to avoid and which trades to avoid. You’ll know when to get in and, MORE IMPORTANTLY, when to get out. Trading Spreads and Seasonals does it simply, without all the technical mumbo-jumbo and mathematical formulas of other approaches.
About the Author
Joe Ross, trader, author, and educator, has been an active trader since 1957, when he began his trading career in the commodity futures market. In 1982, when it became possible to day trade the S&P 500 stock index futures via live data feed, he successfully made the transition from full-time position trader to full-time daytrader. Since 1988, Joe has written seven major texts on futures trading. All have become classics.