8 best books on trading

Review of the best according to the editorial board. About selection criteria. This material is subjective and does not constitute advertising and does not serve as a purchase guide. Before buying, you need to consult with a specialist.

Anyone who wants to become a real trader should read the relevant literature. Of course, it is not enough to master theoretical material, it is important to practice under the guidance of professionals and believe in yourself. However, modern trading books can hone knowledge and help increase capital. Therefore, we decided to compile a rating of the best guides on the competent purchase and sale of securities.

Trading publications include:

  1. scientific works;
  2. historical facts;
  3. articles on psychology;
  4. examples of achievements of financiers;
  5. thematic literary works.

By reading characteristics, such literature is divided into several types – for beginners, practicing traders and pros.

Rating of the best books on trading

Nomination a place book price
Best trading books for beginners 1 Trading with Dr. Elder. Encyclopedia of the stock game 884 r
2 Technical analysis of financial markets RUB 1,639
3 How to play and win on the stock exchange RUB 1,049
4 The Stock Grail or the Adventures of a Trader Pinocchio 964 RUB
5 Exchange at your fingertips RUB 181
Best Trading Books for Experienced and Professionals 1 One good trade. Hidden Information About the Highly Competitive World of Private Trading RUB 350
2 Elliott Wave Principle: Key to Understanding the Market 815 RUB
3 Small encyclopedia of the trader 768 RUB

Best trading books for beginners

The books from the first collection will help to inspire an inexperienced trader to understand the true image of this business.

Trading with Dr. Elder. Encyclopedia of the stock exchange game. A. Elder

Rating: 4.9

Trading with doc.  Elder.  Encyclopedia of the stock exchange game.  A. Elder

The first participant in the rating is the novice trader's Bible. The manual consists of three parts that describe various aspects of market activity. An important emphasis is placed on the psychology of this type of earnings and money management. From the book, the reader will learn how to control risks and avoid losses. In it you can find topical questions and answers to newcomers in the field of trading.

This is not to say that everyone who reads this book will be able to start trading stocks. However, the publication will become a guide in the world of practice and will help on a psychological level. I am pleased with a lively and simple language with a share of humor and a large list of methods that work in cryptocurrency trading.

Financial Markets Technical Analysis, J. Murphy

Rating: 4.8

Financial Markets Technical Analysis J.  Murphy

The next book is considered the best publication in the field of asset price forecasting. It is the foundation from which any trader's work should begin. At first glance, the topic seems complex. In the process of reading, the tools, pricing models, sales strategies and tactics become clear. All this thanks to the intelligible language, a sufficient number of examples with illustrations and explanations.

This book is a must-read for any trader. Readers are advised to purchase the paper version of the publication with updated clear graphics. They have no comments on the text itself. The manual will teach you how to make money consistently and tell you that there is no easy quick money on the market.

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

Rating: 4.7

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

And again in the ranking is the book of Elder – a qualified financier and experienced stockist. He believes that winning performance is based on three factors. It is they who are considered in the book, which has become a bestseller and is popular in many other countries.

The author easily talks about money management on the account, profitable trades, various analysis tools. After studying this manual, you can safely move on to more serious literature. A clear advantage of the book is the presence of tests that allow you to consolidate the knowledge gained. After reading it, everyone will be able to understand whether this type of activity is suitable for him or not.

The Stock Grail or the Adventures of a Trader Pinocchio. A. Gerchik, T. Lukashevich

Rating: 4.6

The Stock Grail or the Adventures of the Trader Pinocchio.  A. Gerchik, T. Lukashevich

Further in the rating is a book that will allow you to understand many of the nuances of the current stock market. It is written with a touch of humor and has an intelligible language, accessible to inexperienced traders. The authors talk about the rules for trading securities, levels and algorithms of activity. This is a great option for those who want to try their hand at the world of stocks and make good profits in the future.

Readers like how typical mistakes are displayed in a small fairy tale, psychological problems are easily stated. The authors warn future traders against tough disappointments and help to save money.

Exchange at your fingertips, V. Ilyin, V. Titov

Rating: 4.5

Stock exchange at your fingertips.  Ilyin, V. Titov

The next member of the rating is a great helper for a new recruit. The book will help you understand the structure of the stock market, its mechanisms and working techniques. It contains a lot of important information about the development of the exchange, the details of trading. With the help of this guide, you will be able to competently manage your own funds and increase them in the market, make the right decisions during operations, and correctly assess the situation.

The authors have covered almost all topics related to the stock exchange. Therefore, the book is required for initial and superficial acquaintance. It is perfect as your first trading tutorial.

Best Trading Books for Experienced and Professionals

The nomination includes the work of renowned experts in the field of trade and financial transactions, who have proven their experience in practice.

One good trade. Hidden Information About the Highly Competitive World of Private Trading, M. Bellafiore

Rating: 4.9

One good trade.  Hidden information about the highly competitive world of private trading.  M. Bellafiore

The category opens with the work of a popular trader, who is familiar to readers with his original views on market activity and non-standard approach to stock trading. The author talks about 12 years of personal experience, giving examples and focusing on the secrets of personal trading. There are many true stories in the book, acquaintance with the successful colleagues of Mike Bellafiore.

The manual is suitable for experienced and professional professionals. Readers recommend the book for purchase and say that they learned a lot from it about endurance, blind faith in success, and the rigidity of trade. The edition is 'swallowed' in one evening. It is mandatory for scalpers to read. Reviews of the book are overwhelmingly positive.

The Elliott Wave Principle: The Key to Understanding the Market. Forex, Frost, Prechter

Rating: 4.8

The Elliott Wave Principle: The Key to Understanding the Market.  Forex, Frost, Prechter

Next in the collection is the book, which is one of the best publications on the study of Elliott waves. The manual is suitable for practicing trailers. Not everyone will be able to figure out the secrets of the theory the first time. This book cannot be read in passages while doing something else. To master the laws of the appearance of waves, you will need to painstakingly ponder every word and work on yourself.

The book contains several diagrams and pictures with confirmed examples. The 'Elliott Wave Principle' is called the best forecasting method. The publication contains a thorough description of the market, information about its possible path. Readers recommend using the original translation of Prechter, which is available on the Internet.

Small encyclopedia of a trader, E. Nyman

Rating: 4.7

Small encyclopedia of a trader, E. Nyman

The latest edition will be useful to everyone. Nyman's work is a qualitatively presented material on the psychology of trading, minimizing losses, and analyzing financial indicators. In addition to theoretical foundations, it displays many examples from practice, there are instructions for making decisions in a given situation.

The manual has been written in fresh concise language. It is quite exciting in places. Readers are delighted with how the author sincerely shares his constant experience, and tells interestingly about the Forex market. Some say that they have learned little after reading and consider the time spent on the book useless. Ambiguous reviews about the publication only spur interest in the book. In any case, it's worth reading it yourself. This is the only way to figure out whether it is suitable for a trader of a particular level or not.


Attention! This rating is subjective and does not constitute advertising and does not serve as a purchase guide. Before buying, you need to consult with a specialist.

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