![]() ![]() There is a famous quote in this book that tells us about the importance of learning, and that is. This book neatly explains the life of the trader, different common mistakes committed by the trader, and the most common principles you need to follow to become a successful trader. To check out that video, you can click here. I have made a video on the story of great trader Mr Jesse Livermore on my YouTube channel, where I have explained everything about his trading strategies and his trading journey. Throughout his exciting journey, he developed some principles of trading, and those principles are wonderfully explained in this book. This book represents the story of great trader Mr Jesse Livermore who made millions from the stock market and then lost it all, and again, he was able to make that money back. So, if you want to understand how probability plays out over a long period of time in trading, then this book may be a good read for you.īook 3 – “The Reminiscences of a Stock Operator” “The hard, cold reality of trading is that every trade has an uncertain outcome.” One of the best quotes from this book about the random distribution of trades is – In addition to this, the author also explains trading wins and losses from a probabilistic point of view. This book also talks about the mental barrier a trader has to overcome, and new beliefs a trader has to make to perform effectively in the market. In trading, mindset is very important without a proper mindset, you can not become a profitable trader even if you get the best trading strategy in this world. This book mainly focuses on the mindset of a successful trader. This is one of the best-selling books when it comes to trading. At the end of this book, the author also gives other references to good books about trading. This book mainly focuses on 3 fundamentals of trading which are- psychology, risk management, and methodology. Through this book, you will get to know that, all though time has changed, human psychology does not change with time humans are making the same psychological mistakes in the market as they were making 100 years back then. The author has wonderfully explained all the fundamentals of trading through the conversation of the rich trader and new trader. In my opinion, this book can be a good start to learning about trading psychology. ![]() New traders always look to double or triple their money within a very short period of time, but rich traders always aim for realistic expectations. One of the most powerful keynotes of this book ( New Trader Rich Trader) is – “New Traders are greedy and have unrealistic expectations Rich Traders are realistic about their returns.” In this book, there are two traders, one is experienced & rich, and the other is a new trader who takes guidance from the new trader and learns a lot from his experience. This book mainly focuses on trading psychology and the mistakes that new traders commit when they enter the market. This is a must read book for all the traders. So by keeping all these advantages in mind, In today’s article, I am going to tell you 3 books that every trader must read in order to improve trading. If you read different books about trading regularly, then I am sure that you will see a huge breakthrough in your trading and also you will get to learn from others’ experiences. Especially in trading, where learning is considered fuel to your success, you need to learn continuously to become a better trader day by day. ![]() Top 3 Trading Books that every trader should read | Beginner’s Guide to The Stock Market | Module 33īooks are important resources of knowledge as you can get immense information from them about any topic. ![]()
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