Zone trading. Seven best books that will help novice traders make money Trading participants in the financial market

25 best books on trading, download for free and without registration. Valuable literature most often recommended by market professionals...

I present the best books on trading, which are most often recommended to be read by successful traders, books that are discussed on forums, bestsellers, literature that really helps in trading.

The best place to start when looking for literature on trading is this course. The information from this course is the best I have seen about trading. It contains the most complete information about all aspects of trading - be it technical analysis, fundamental analysis, trading psychology or practice.

John Murphy "Technical analysis of futures markets: theory and practice"

One of the most popular books on trading, which is called the bible technical analysis. The author teaches technical analysis to beginners from the very beginning in an accessible language. The book covers almost all aspects of analysis: graphical, indicator, candlestick, point-digital, wave, volumetric, computer, using the Gann technique.

Edwin Lefebvre "Memoirs of a Stock Speculator"

One of the immortal books about the stock exchange, written in 1923, will help you plunge into the past and benefit from it. The book is based on real events - the author of the book interviewed the main character of the book, Jesse Livermore, for several weeks. Jesse Livermore often said that nothing new can happen on the stock exchange, since human nature does not change, and he was right. Several generations have been learning to trade using this book, and the markets continue to live according to the same laws as 100 years ago.

12 more fiction books in the trader's library ->

Jack Schwager "Technical Analysis. The Complete Course"

The book, written by a recognized expert, is often recommended by market experts for beginners. The extremely informative volume of about 800 pages consists of 3 parts. There is theory and practice. The proposed tasks include analyzing the transaction and asking whether you agree with the assessment; then it will be shown how the market behaved.

Eric L. Nyman "The Trader's Little Encyclopedia"

The trading encyclopedia contains almost all aspects of trading. Here you will find a course in technical analysis - graphical analysis, candlestick analysis, Elliott wave theory, fundamental analysis. Lots of graphs, formulas and diagrams will help you master the material faster.

Alexander Elder "How to play and win on the stock exchange"

Alexander Elder's books are very successful. Each of his books is another bestseller. Who else knows the problems of a novice trader, because he himself went through a difficult path.

Bill Williams "Trading Chaos"

Bill Williams is a successful trader with millions of dollars in his account. His trading experience is about 40 years. Bill is the author of unique indicators built into almost every trading terminal. Trading merits can also be attributed to teaching - Bill Williams is a talented teacher who has taught thousands of people how to play successfully.

Mark Douglas "Zone Trading"

Why is it so difficult to play on the stock exchange? And why are many very smart people can't successfully play on the stock market? The answer is that psychologically it is very difficult to set yourself up for good game. It is this problem that will be discussed in this book; a number of tips will be given on how to achieve discipline and what you should pay attention to.

Lewis Borsellino "Day Trading Primer"

The author is one of the best traders in America who has earned many tens of millions of dollars. The author has something to tell, because before Lewis rose to the very top, he had to go through a very difficult path, which is described in the autobiographical book, which you can find on the website.

Problem book on day trading + Borsellino’s autobiographical book in the trader’s library->

Van Tharp "Super trader. How to make money on the stock exchange in any conditions"

The author claims that he can turn you into a super trader! The author, a famous teacher of stock trading, will teach you not only his game strategies, but also give valuable advice on how to avoid psychological mistakes, how to set goals correctly and achieve them. Step by step, Van Tharp will instill in you the correctThis is the mindset that will help you achieve success on the stock market.

Steve Nison "Japanese candlesticks: graphical analysis of financial markets"

It was Steve Nison who discovered Japanese candlesticks to the West - such a method of analysis now and the most popular style of depicting charts. The book thoroughly examines candlestick patterns and explains their psychological basis. The book is written in simple language, which will appeal to novice players.

Alexander Gerchik "Active Trader Course"

Gerchik is a multimillionaire, a living trading legend. Having arrived in the United States with minimal education, he achieved enormous success in playing the stock market. For 10 years, Alexander did not have any unprofitable months. in 2006, Gerchik starred in the TV series “Wall Street Warriors,” beating out 2,000 of the most talented traders.

Jack K. Hutson "The Wyckoff Method"

Books by early explorers are always interesting. Here is a book written back in 1908 by Jack Wyckoff. In 1888, Jack got his first job delivering stocks and securities Wall Street clients, and for 10 years he will learn on the job by seeing how people play the stock market. Hutson avoided news and reports, preferring "informed judgment." He said that a trader must be a “detective” first of all.

20 more books about methods of playing on the stock exchange in the trader's library ->

Richard Smitten "The Life and Death of the World's Greatest Stock Speculator"

If you have read "Memoirs of a Stock Speculator", then this book also talks about the "real" Jesse Livermore outside the game, with failures, problems with wives and sons, with severe depressions and of course about the triumph of 1929, when Livermore made a fortune from the collapse at 100,000,000 dollars. A lot of attention - almost 100 pages are devoted to Livermore's playing style, his train of thought, this makes the book interesting for absolutely everyone.

A book written by Livermore himself in the trader's library ->

John. J. Murphy "Visual investor. How to identify trends"

A book from the author of the famous book called the "bible" of technical analysis. 5 years later, John released this book, which also became a success. The book complements the past with numerous examples.

Robert Fisher "Fibonacci Sequence: Applications and Strategies for Traders"

To understand what the Fibonacci sequence is, you need to think about the nature of the universe, look at the universe and the world around you. Back in the 13th century, Thomas Aquinas identified the “correct proportions” that can be found everywhere. Thomas took the Fibonacci number series as a basis.

V. N. Likhovidov "Fundamental analysis of world currency markets"

A book about fundamental analysis of the Forex market. Here you will find explanations of indicators that are published in reports, explanations are given of how banks influence the market, and their tools of influence. There are many examples of the relationship between currency markets and other exchanges.

Lance Begs "Price Action Course"

Price Action is a very popular method of forecasting markets. Lance Beggs's book is one of the most popular on this topic. Lance is a former military pilot, he admits that his profession greatly helped him develop the psychology for successful trading on the stock exchange. After all, here, more than anywhere else, discipline and adherence to rules are needed.

Robert Colby "Encyclopedia of Technical Market Indicators"

Here is the second, significant expanded edition of more than 800 pages. The work describes in detail the main indicators (more than 100) that are used in trading on the stock exchange. Robert Colby is a well-known expert in the field of technical analysis; this book is often recommended by successful traders.

Ketty Lin "Day trading in the Forex market. Strategies for making a profit"

Day trading is a very popular style of forex trading. The author, Ketty Lin, is a renowned teacher and world-class specialist. No matter how long you have been trading on the stock exchange, everyone will find something useful for themselves in this book. The book is well designed, with many graphs and practical examples.

Ralph Vince "The Mathematics of Money Management"

The topic of “money management” is not so common in the book world of stock market literature. This book is one of the most popular. If you love mathematics, the book will help you look into the world of money management statistics in stock trading.

Jack D. Schwager "Stock Wizards. Interviews with Top Traders"

There is simply good traders, but there are genius ones. The book contains interviews with top traders who have achieved incredible success. For example, a trader who earned 250,000% over 16 years of work, or made 80 million from a capital of 30 to 80 million! Such literature motivates you, you will want to learn better how to play the stock market.

Adam Smith "The Stock Exchange is a Game for Money"

An exciting fiction book about the stock market game on Wall Street. The translator assures that it is impossible to stop reading, and you are guaranteed 2 sleepless nights. The book will shock an experienced player - the book contains many new thoughts, even adventurous ones.

Not all books are here! Visit the library:

The trader's library includes more than 150 books about the stock exchange! ->

How to supplement learning from books?

Everyday on weekdays (from 6:30 to 18:30 ) free online classes are held - per weekmore than 50 (!)various lessons - theory and practice of trading. Conducted by teachers in real time, practical lessons are taught real experienced traders.

Free / no registration required. There is a chat. I recommend!

Motivation for learning to trade - results from real traders

millionaires (profitability charts, detailed discussion of work):

P Why do some forex brokers have % of successful clients?

Reaches up to 40%, while for others it does not reach 5% ?

Books on market trading for novice speculators are a storehouse of knowledge, since they systematize everything necessary information, necessary not only for knowledge of the basics of trading, but also for psychological preparation. The player will have to learn to trade on the market for a long time, especially if he sets a goal for himself - to achieve a normal result. Moreover, the trader will have to become familiar with different types of markets, strategies, risk management rules, etc. All this will require time and effort from you, but in the end, you will receive a reward in the form of a stable income.

Remember to achieve in any industry normal level, each of us needs to improve, for this we should study different material relating to the area in which you work. It will be difficult to achieve the best in trading if you are lazy and do not read specialized material.

It should be noted right away that a modern trader is a happy person, since thanks to the Internet and a PC, you can download any book dedicated to trading on the market. Previously, for you to understand, there was little such literature, and even if there was some, it was passed from hand to hand. You had to wait months, depending on the length of the book, for your trader friend to read it. We are not used to imagining that people previously managed without scanners, photocopiers, the Internet, computers, etc.

Features of the book “Intermarket Technical Analysis”

In the 80s of the last century, the most memorable lesson was the moment when the idea was expressed that all markets are interconnected. Moreover, the markets of all financial centers are strongly influenced by each other.

This book is a great explanation for those who have not fully understood market relationships. In order for the reader to quickly understand what the essence is, the author describes everything with examples; moreover, he uses a fairly simple and understandable language.

Simply put, this is really a book for beginners, because without the slightest idea about technical analysis, the player will be able to understand what the essence of the book is.

Now regarding the content. The reader will become familiar with the four basic divisions of the market: currencies, commodities, securities and bonds. The book uses charts to explain in detail the characteristics of each of these components in the market.

So to speak, the reader has both practice and theory, all that remains is to put everything together and use it on your deposit.

Trading with Dr. Elder: The Basics

Believe me, you will encounter this author of this book more than once if you decide to work in the field of market trading. A. Edler is the author of an excellent book, which is a bible for traders. Yes, that’s exactly what practicing speculators call it among themselves, since this is a reference book for more than one generation.

As soon as you begin to get acquainted with the contents of the book, your interest in trading will instantly increase. Because such concepts as mass crowd psychology, various trading tactics, technical indicators, nuances of placing stop orders, risk control, etc. will be revealed to you. In general, everything that will come across the player’s path.

Just imagine, the car provides full instructions, which include features of organizing work in the market, the player will learn to lead accounts etc. The most important thing is that after reading the book, he will be able to analyze his own mistakes made when concluding trading operations. In general, this book is a guide for the novice speculator, without which you can get lost in the field of trading as if in a dense forest.

D. Murphy: “Technical analysis of financial markets”

This is an ideal option for getting acquainted with those. analysis, trading instruments, market indices, etc. The author also paid attention to the graphs; the book contains over a hundred examples, plus detailed transcripts for each.

Van Tharp and his work “Trading - your path to financial freedom”

The world-famous Dr. Van Tharp created a book on trading on financial market, which is designed in an easy and simple writing style, therefore suitable for beginners in the field of trading.

This book will allow the reader to understand and learn the six basic elements necessary for effective trading in the markets. Moreover, the player will be able to create personal techniques after reading it completely. The most interesting thing is that the goals set for the trader and trading style will be taken into account.

To summarize, we can say that the modern speculator is presented with excellent opportunities for high-quality training in trading in the financial market. It is only necessary to correctly concentrate your forces and direct them in the right direction.

To successfully engage in trading, you need to have a fairly large amount of specific knowledge. As a rule, traders get information from various video lessons, webinars, seminars and, of course, books. A lot of different books have been written on the topic of stock trading, including absolute masterpieces and rather meaningless works.

Technical analysis

The first thing a novice trader should master is the basics of technical analysis, since it is the easiest to learn and at the same time effective. So, a list of the best books on this topic:

D. Murphy “Technical analysis of financial markets”

This book should be read by anyone who in one way or another considers himself involved in stock trading. The author of the book is a trader and analyst with more than 40 years of experience, who worked at Merrill Lynch as director of technical analysis. The book is dedicated to research various types charts, the emergence and interpretation of price formations appearing on charts, the concept and rules for constructing trends.

D. Schwager “Technical analysis. Full course"

The author of the book is an authoritative expert in technical research. The book is truly full course”, so the trader who reads it will not have any gaps on the issue being studied. But do not forget that a real trader always has his own opinion, for the formation of which he often has to read not only classical literature, but also a number of alternative books.

A. Elder “How to play and win on the stock market”

The author of the book has been involved in psychiatry for a long time and brought precisely the psychological aspect to the study of graphs. The book talks about trends, price patterns, technical indicators, and also introduces the concept of three screens formulated by Elder. The book is extremely easy to read and provides the necessary basis for technical analysis.

V. Tvardovsky, A. Parshikov “Secrets of exchange trading”

A book written by Russian authors on the topic of predominantly technical analysis. A distinctive and very pleasant feature of the book is that examples are given on the charts of Russian issuers, and in relatively recent times (2000s)

M. Kovel “Exchange trading based on trends. How to make money by observing market trends"

The topic of trend identification is extremely important for any trader. Exists a whole series trend detection methods, each of which has its own pros and cons. The book talks about what tools you can use to identify a trend and how, from a practical point of view, you can make money on it.

C. Lebo D. Lucas “Computer Analysis of Futures Markets”

The difference between the book and the others described in our top is that it not only describes indicators, but also tells how to set them up and create trading systems with their help. It also tells us that excessive over-optimization is also harmful. The book tells how to select the necessary parameters and the most suitable indicators for trading on various assets.

S. Nison “Japanese candles”

Currently, Price Action, VSA and cluster analysis are considered to be very fashionable research methods. These are effective things, but their prototype was to some extent the analysis of price formations. Actually, this is what Neeson’s book “Japanese Candlesticks” was written about. In the book, the author talks about what various candlestick formations can mean depending on their location, as well as what actions are most advisable to take in the presence of these formations.

B. Williams “Masters of the Market”

One of the best books on trading, which talks about how major players create trends and price impulses. The book examines trends from a VSA perspective, which once again reminds the reader of a simple truth - the market is driven by money. And this book tells about what the nature of their movement may be.

L. Williams "Secrets of trading in the futures market: Operate with insiders"

This book well complements the concept of the previous one and shows how conclusions can be drawn from the distribution of positions of participants published weekly, which, in turn, shows what the bulk of the “owners” of the market are doing.

A. Frost “The Elliott Wave Principle: The Key to Understanding the Market”

The wave theory can be treated differently, but the fact that many traders use it in their trading is a fact. Therefore, it is necessary to understand its basic principles. This book is about them.

Fundamental Analysis

After mastering technical analysis, traders usually begin to study fundamental analysis, which goes very well with technical analysis and is often key factor: the key function of the asset’s behavior is still predominantly fundamental, and the range of fluctuations within the function is of a technical nature. Below are the trading books that made it to the top in this group:

L. Kolmykova “Fundamental analysis of financial markets”

In this book, the author describes the influence of various fundamental indicators on the fate of assets, ranking them by importance. The peculiarity of the book is that it not only lists a set of fundamental rules, but also describes the psychological factor of market participants’ expectations regarding fundamental information.

E. Chirkova “How to evaluate a business by analogy”

The book was written by a practitioner, a professional consultant, who based his recommendations on fundamental factors. The book presents comparative indicators of companies that help determine who is the leader and who is the outsider.

Y. Mirkin “Russian securities market: the impact of fundamental factors, forecast and development policy”

This book provides some comparison of classical forms of fundamental analysis Russian characteristics its applications, which have historically developed in our reality and have a number of not entirely standard nuances.

Fundamental analysis. Company reporting

Financial reporting of companies is a kind of subgroup of fundamental analysis, without an understanding of which knowledge of this analysis will be superficial. The fact is that in addition to country factors and analysis of industries, it is necessary to select leaders of these very industries, and this is done thanks to reporting and its correct understanding. We offer a selection of trading books for beginners dedicated to this topic:

B. Graham "Analysis financial statements companies"

The words “trading” and “exchange” practically do not appear in this book. But the principles for the formation and interpretation of reporting are outlined in detail. The reader will learn about what kind of company reports there are, what exactly is reflected in them, how often they are published, and what this or that figure in the reporting means.

N. Antill “Evaluation of companies. Analysis and forecasting using IFRS reporting"

In this book, the author shows how to use IFRS reporting (which is published by companies whose shares are traded on the Moscow Exchange) to conduct a comparative analysis of the company. The book also explains what exactly these or other indicators mean. And also - what mandatory reports do IFRS reporting contain and how it was created in the first place.

E. Mizikovsky " International standards financial statements and accounting in Russia"

In addition to IFRS, there are also RAS and GAAP, and IFRS - an adapted version of IFRS - at one time was implanted into Russian reality for quite a long time with its own number of features. This book tells exactly what features in the reflection of accounting information are present in Russia.

E. Dombrovskaya “Accounting (financial) reporting”

This book is largely an accounting book, but this does not detract from the significance of its contents: after reading it, the trader will better understand how to understand the numbers appearing in the reports.

Portfolio theory

Already possessing knowledge in the field of analysis - both technical and fundamental - the trader begins to ask more serious questions - for example, how to apply the acquired knowledge to build his investment portfolio. It is from this stage that traders begin to study portfolio theories (there are quite a lot of them).

D. Russell “Markowitz Portfolio Theory”

The classic theory of portfolio construction is the theory of Markowitz, who studied this issue in detail. In order to somehow modify portfolio theory to suit your tasks, you need to understand its basic principles. This goal will be achieved by reading D. Russell’s book.

A. Shvedov “Theory of efficient securities portfolios”

The book describes the mathematical features of constructing portfolios that make the trading process more conscious. It is important to understand that when reading books of this kind, you cannot limit yourself to a piece of paper and a calculator, scrupulously calculating tenths - you need to understand the general meaning, on the basis of which you can take actions.

A. Shapkin “Economic and financial risks. Valuation, management, investment portfolio"

This book is a link between fundamental analysis portfolio theory and risk management. It is worth remembering that there is no trading strategy, no indicator, no trading style that would be absolute - any trading system has risks. There is even such a thing as a failure rate, which, although small, still exists. And this book teaches you to understand the risks of an investment portfolio.

Risk and money management

After a trader has become familiar with market analysis and learned how to read company reports, he begins to wonder how to manage risks and his money to achieve maximum investment efficiency. We offer top books on trading that cover this topic:

R. Vince “The Mathematics of Money Management: Risk Analysis Methods for Traders and Portfolio Managers”

This book is one of the few that any trader simply needs to read. The fact is that what makes a trader such is not his profitable transactions, but the control of those that do not bring profit. And this is already the sphere of risk and money management, about which we're talking about in this book.

A. Ivanov “Risk management. Educational and methodological complex"

This book is less targeted at traders than the previous one. It describes to a greater extent the nature of risks and methods of reducing them, including through insurance. But the book also presents risk reduction mechanisms for investors. And a trader must understand the nature of risks in business, which is why we included this book in our top.

S.Bulashev “Statistics in trading”

This book, although not a direct representative of the group, helps to assess the risks of trading from a statistical point of view and develop the probabilistic thinking that any trader needs. Very often from beginners you can hear the stupid question “Up or down?”, which indicates that the person asking is a neophyte. An experienced trader understands that events that can change the current trend are always possible, but their probability varies. This book is about probability and statistics in trading.

Generalizing books

After the trader has read the literature presented, it is advisable to summarize the information in order to consolidate the puzzle of knowledge in his head and implement the task. We offer books on trading that are ideal for this purpose:

W. Sharp "Investments"

This book consists of five volumes and is a great general guide to investing and an Oxford textbook on this topic. The book contains a lot of mathematical formulas and really well-developed information, eternal for all times and for all economic cycles.

A. Damodaran “Investment Valuation”

The book contains about one and a half thousand pages, which outline the principles of investing, the risks associated with this process and methods of controlling them, as well as ways to achieve the maximum effect from investments.

Books on trading instruments

Not only stocks are traded on the stock exchange, but also bonds, options, shares and other assets, and all of them have a number of features, which served as the reason for writing the following books.

R. Wilson “Corporate bonds. Structure and Analysis"

Trading volumes on bonds, as a rule, are several times higher than trading volumes on shares on the Moscow Exchange, therefore this class assets should not be ignored and must be examined. This book will contribute to this, describing in detail what exactly bonds are and how to trade them.

K. Connolly “Buying and selling volatility”

The book is dedicated to options and is a wonderful guide to these instruments. While there is some emphasis on the topic of volatility, the book provides insight into what an option is and how to benefit from it - both from a hedging and trading perspective.

Trading stories

To trade successfully, you need to understand what it is this industry activity in principle and how other people achieved success in it. In this group we included books on trading that tell about “how it was”:

M. Lewis "Liar's Poker"

The book tells the story of how bond trading was conducted at one of the largest US banks. The book describes in detail the culture inherent in traders, their morals, principles, and how to survive in this very aggressive environment.

B. Mike "One Good Trade"

The book tells the story of a private trading company that hired employees to trade on its own cash. The reader learns about the importance of trading discipline and how to make a good trade, then another one, then another and another.

The most important book about trading

There is only one “book” in this group for those who want to stay in trading for a long time:

39 Federal Law “On the Securities Market”

This Federal law, which regulates how, according to what principles and for what purpose securities are issued and circulated. If you want to really understand these mechanisms, be sure to study this material.

Conclusion

A lot of books have been written on trading. The main ones that are recommended for reading are presented in this top in order of study order.

I won’t speak for everyone, but I have my own opinion about books. The first book I read on trading was written in the ABC style. This means that everything in it was chewed to the smallest detail, but the information was for beginners.

After reading it, I went through the forums, where many wrote that the authors of the books pursue other goals than to teach a beginner, etc., etc.

I believed, and even if I started reading literature, I was skeptical about it, not trusting a single word. After reading the book, of course, I opened the terminal and tried to find those points about which the author wrote, but without getting the desired result, I became disappointed and began to engage in introspection.

Time has passed. Now I understand the market, I see many combinations, patterns, traps. And what do you think, returning to the books I read earlier, I am convinced that everything was written to the point, and it was not the author who described the wrong situation, but I could not get to the bottom of the true reasons for writing.

Books on trading, a must read

On at the moment, I clearly defined for myself: “Books on trading are a must read.” For lately, I have read a sufficient number of books. And now that I have learned to understand the market, the books I read do not seem so mediocre and unworthy of attention.

Of course, there are crazy books that it would be better not to read, but even they very often lead to reasonable conclusions.

What will you find in my Trader Library?

At the very beginning, I wrote that I had read a huge number of books about trading. In this regard, I created my own personal bookshelf and called it Trader's library. I don’t pretend to be perfect, but the fact that these are the best books on trading for me is a fact.

On my shelf you will find books about:

• Books on trading for beginners.
• Training in trading on the Forex market, MICEX, trading in stocks, futures, etc.
• Books on psychology.
• Books on the study of technical analysis.
• Books on the study of fundamental analysis.
• Books on the study of Japanese analysis.
• Literature on PriceAction.
• Literature on various types of investments.
• And much more.

I post almost all the books on Yandex.disk, unpacked, so you can:

• Free download book about trading.
• Read a book about trading online.

In addition to a free selection of books about trading, you are invited to buy a book that interests you.

I have entered into a partnership agreement with several online stores, and therefore, visitors to my site can easily buy books in various formats, with delivery by mail or e-mail.

In conclusion I would like to add:

Read books about trading, only in them you will find the true path to success.

Trading on the financial market requires special training. Without the necessary skills and knowledge, it is impossible to build a career as a trader. If a beginner does not know at least the basic concepts of trading in financial markets, then he will not only not be able to succeed in trading, but will also lose his money, which is what happens in 90% of cases.

Basic training is an important and responsible stage that opens up opportunities for further receipt profits from transactions. Once a beginner has received initial training, they continually improve their knowledge throughout their career, resulting in an overall improvement in trading performance and income. Those who want to master the profession of a trader and hone their skills in the financial market can do this with the help of the best books on trading, which are recommended by professionals. Some of them will be discussed in this article.

What is trading?

Almost every modern person has heard about trading on Forex or the financial market. Trading is speculative financial transactions, that is, a trader buys an asset at a lower price and sells it at a higher price. As a result, a price difference is formed, which is the specialist’s earnings or income.

All trading operations are carried out on specialized sites or platforms. In fact, the trader does not buy or sell anything, he only assumes in which direction he will move in the future market price. And if his forecast is correct, he will earn a profit. In case of incorrect analytics, you will receive a loss on the transaction. Trading is especially difficult for beginner speculators who do not yet know how to analyze market movements and often make mistakes.

Therefore, the primary task of every trader is to study methods of forecasting quotes and apply them correctly. A beginner must not only understand the basic trading techniques and use of tools, but also assess the market situation, the goals of other players and know the psychology of trading.

Trading participants in the financial market

Who are traders? If you explain in simple words, then these are trained specialists who engage in speculative trading in financial markets using assets and instruments.

All bidders are divided into three groups:

1. Market makers and major players (central banks, funds).
2. Medium participants (smaller funds and banks, as well as other organizations).
3. Small players ( small companies, banks and private traders).

All movements occurring in financial markets are regulated by large participants. They are the ones who determine the direction of quotes and move prices in the right direction. Therefore, in order to trade on Forex, the stock market or in binary options brought income, it is necessary to know the goals of large players and open transactions in the same direction in which they are moving the market.

For example, they open transactions in large volumes to lower the price level. Gradually, other trading participants join in, and market quotes begin to fall. As a result, they not only control the market, but also move prices in the direction they need. A similar situation occurs when large market participants want to increase the price of an asset.

Trader training

Trading for beginners is about learning the basics and developing trading skills. To master the profession of a trader, you need to immediately adjust to the duration of the training and be patient. There is no need to listen to false teachers who say that you can simply study any strategy, learn how to open trades and make money in the market. With such superficial knowledge and a frivolous attitude towards trading, the only result that can be achieved in trading is the loss of your deposit.

To understand all the intricacies and nuances of the exchange, professionals advise beginners to study the best books on trading (Bill Williams, Alexander Elder, Dean Lundell). They are not easy to read, they should become a reference book for every beginning trader.

Basic training - terminology, theory, the basics of trading - is only the first, but very important, step on the path to mastery and mastery of the profession of a stock speculator. In further development, it is books that will help reveal the intricacies of trading and improve the results of transactions. Impossible to become good specialist, without understanding all the movements that occur on the trading chart and without knowing, without even guessing, the goals of major players.

Professionals also recommend paying special attention to training in money management, which plays one of the primary roles in trading on the financial market. Often, future income on the entire transaction depends on the correctly calculated lot volume or placed protective orders.

Types of trading training

All newcomers without exception undergo basic training. It can be divided into several forms for providing information:

• video tutorials;
• webinars;
• seminars;
• online conferences;
• recommendations and articles;
• trading manuals;
• dictionaries;
• books.

Each type has its own advantages. For example, by watching a video lesson, you can clearly get the information that the author wants to convey to the viewer. Online conferences and webinars, as well as other forms, are convenient because in real time you can not only receive the necessary material, but also a quick response from the presenter of this seminar to a specific question.

Group training via video chat is also very convenient, as you can become a participant in the discussion. However, the most complete information can be obtained from books. Of course, they are not all the same, and some of them may be duds and provide no value.

Therefore, professionals and experts advise studying only the best books on trading that have received worldwide recognition from traders around the world. With their help, beginners have the opportunity to understand the patterns of the financial market and quickly master trading. Such books have educated more than one generation successful traders.

The best authors of books for traders

Many beginners are looking for individual trading teachers. Unfortunately, they are not always found, and instead of gurus, people often encounter scammers who have only one goal - to profit from a gullible person. So who can really teach trading? The answer is quite obvious; knowledge about financial markets must be obtained from its founders, experts and professional traders. It is from books that you can highlight all the necessary information.

In addition, trading on the stock exchange is a serious and complex business. Such knowledge is not always easy for beginners, but there are authors who write material in a very accessible and simple way, especially for people far from this type of activity. These best books on trading are undoubtedly interesting to read, which means you can gain the necessary knowledge faster.

1. "Chaos Theory". Bill Williams. A true masterpiece and classic.
2. "Encyclopedia of stock trading." Alexander Elder. The basis of trading.
3. "The Exchange Grail or the Adventures of Trader Pinocchio." and Tatyana Lukashevich. An educational book in a humorous style.
4. "Trading is your path to financial freedom." Van Tharp. guide for beginners.
5. Psychological book “The Art of War for Traders and Investors.” Dean Lundell. The book reveals the importance of tactics and strategies.

In addition, to increase motivation in trading on the stock exchange, experts recommend familiarizing yourself with the works of Donald Trump, who wrote the book “Think Big and Don’t Slow Down,” which is based on psychology. And also for all beginners, the trading manual by Viktor Ilyin and Valery Titov “Exchange at your fingertips” will be useful.

This is only a small part of the books that are recommended for people studying the fundamentals and patterns of the financial market.

Trading with Elder

Alexander Elder, the author of numerous works on stock trading, is an internationally recognized expert in the field of trading and psychology. He revealed to his followers many of the intricacies of trading. The main value of his books lies in the fact that Elder more deeply and fully illuminated the patterns of the financial market from the psychological side and identified the relationship between all participants.

One of the most famous - “Basics of Stock Trading” - has been translated into 12 languages. It is rightfully considered the unsurpassed bestseller of its century and has been reprinted several times. The main idea of ​​this book is expressed very clearly, interestingly and accessible to any level of trader training.

"Raiding with Dr. Elder. Encyclopedia of the Stock Game" is also considered an equally popular work. It covers all the fundamental knowledge about trading in financial markets and identifies patterns between them. In his books, Elder describes a lot of examples with calculations and graphs, gives useful recommendations. His works were recognized in the professional community around the world and still remain relevant, useful and popular among traders.

Trading on the stock exchange with Van Tharp, Gerchik and Lukashevich

For every newbie, the learning curve is a very difficult step. Some people immediately understand that trading is not the type of activity they would like to engage in. But there are also people who build their careers and develop in this direction. Author Van Tharp's book "Trading - Your Path to Financial Freedom" is complete guide and a real find for every beginner who wants to master such a profession.

It provides the necessary recommendations and instructions, and its main advantage is that it not only reveals the technical side of trading, but also allows you to improve and improve your skills in trading in financial markets. The book is designed for traders who are serious about mastering trading, regardless of their level of training, that is, it is ideal even for beginners.

In contrast to it, we can mention another book - “The Exchange Grail or the Adventures of Trader Pinocchio.” Even from the title you can understand that the authors Alexander Gerchik and Tatyana Lukashevich provide information in it in a humorous, so to speak, playful form. However, the light style does not make it any less significant; it’s just a little more interesting to read than the usual textbooks. In addition, the book contains a lot of examples, which makes it even more accessible to understand. Alexander and Tatyana reveal the subtleties in their work modern trade shares.

Investing and Trading by Dean Lundell

The trading book “The Art of War for Traders and Investors” has its own unique backstory. It is based on the thought of a fairly well-known author in his circles, Sun Tzu, who wrote the book “The Art of War.” The main idea of ​​the work is a guide to achieving victories over an opponent in various unforeseen and conflicting circumstances and situations.

Professionals consider this creation to be ideal recommendations. Sun Tzu believes that tactics and strategy are the two main tools in any military action. And so they right choice and further application will help win even at the “initial point of conflict growth.”

These considerations and deep thought formed the basis of Dean Lundell's book "The Art of War for Traders and Investors." His book describes methods from the original source, transformed for trading in the financial market. According to many trading professionals, their correct use allows increasing the profitability of transactions not only for traders, but also for investors.

Donald Trump's thoughts on the stock market

This book may surprise a lot of people studying trading. Even with the title of his work, “Think Big and Don’t Slow Down,” Donald Trump has discouraged both his competitors and allies.

The main idea that he, together with Bill Zanker, put into it is that in trading, like in any other business, in some cases it is necessary to use non-standard solutions. For example, Trump believes that if you anger a person, you can achieve the greatest results from him, since the body will mobilize and increase the power of brain activity. Thus, a person will be able to make a more beneficial decision for himself, his activities, business or company.

In his book, the author always encourages the reader to be honest, make independent decisions, not allow other people to manipulate oneself, and never give up under any circumstances. He believes that this is exactly how a person should think - “big” and “not waste time on trifles” that occur every day in his personal life, at work and in business.

By and large, this book does not apply specifically to stock trading, but it can be considered as a psychological factor for motivation and achieving goals.

Description of the book “The Exchange at Your Fingertips”

Every trading book is always rated somewhat subjectively. All people are different and have their own opinion on this or that issue. However, you can understand the usefulness and interestingness of the book by the quantitative majority of experts. The book “The Exchange at Your Fingertips,” written by Viktor Ilyin and Valery Titov, is, according to experts, an invaluable guide to trading.

It helps beginners understand:

• stock market patterns;
• its operating principles;
• trading mechanisms;
• interactions between market participants;
• general market structure.

From the book, readers will learn how it works stock market, which exist on it trading sessions, their features, when the exchange has the greatest volatility and liquidity and for which instruments, as well as the time range, reasons and its characteristics of a calm market state.

In addition, the book provides information on the history of the development of the stock exchange, its distinctive features from other areas of trading, the subtleties and nuances of working issues. After studying and reading this book, a beginner will gain a complete understanding of stock exchange, as well as useful and necessary recommendations for trading.

Conclusion

To achieve success in trading, you need not only to master its technical basics, but also to constantly improve and improve your trading skills, and also learn to apply psychology in stock trading.

The best assistants and teachers for beginners can be books for studying trading, which will not only enrich them necessary knowledge, but will also help increase motivation to achieve goals.