Stock investing is not something that is thoroughly taught in formal educational systems.
That also goes for the different types of stock investments like day trading.
That is why people seek reliable resources to teach them such as stock trading online courses and webinars, best day trading books, and even interviews with professional traders.
The fastest way to learn about day trading or stock trading, in general, is by reading books.
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Best Day Trading Books in 2022
Books have been a fast and reliable source of information and have helped billions of people in learning what they want to know.
Thus, if you wish to learn the concepts of day trading, you will need to look for a great book.
However, several day trading books are circulating on the Internet and even at bookstores near you.
To help you choose the right book, here is our recommendation for the best day trading books for new traders.
How to Day Trade by Ross Cameron
How to Day Trade is a well-featured book on many stock trading sites.
That is because it is the perfect book to read if you are just entering the world of day trading.
The author, Ross Cameron, is the founder of Warrior Trading and has been in the industry for over six years.
With his extensive experience in the field, he was able to make day trading easy to understand which is very much appreciated by newbies in the stock market and forex trading.
What You will Learn in this Book
In Cameron’s book, he was able to explain the day trading terms that are found to be a great hurdle for several people when starting their trader journey.
Furthermore, readers treasure the two most important themes the book presents.
They are risk management and finding predictable volatility using stock scanners.
According to the author, being able to master these two themes is essential in generating profit despite the high volatility of day trading.
If you think this is the book for you, Cameroon’s How to Day Trade is available on Amazon.
The New Trading for a Living by Alexander Elder
Alexander Elder is a very well-known day trading author.
Since he recognizes that certain effective strategies may not be profitable in the future, he updated one of his best day trading books and called it “The New Trading for a Living”.
This book teaches a systematic approach to modern-day trading through easy-to-understand text.
It also tackles different strategies in money management, record-keeping, identifying market zones, and the development of the trading discipline.
In addition, this book also features multiple-choice questions and chart patterns for content review.
Do you want a copy of Elder’s updated best-selling book? Search for “The New Trading for Living book by Alexander Elder” on Amazon.
Below is a video review of this Day Trading book.
#3 Best Day Trading Book for Beginners: A Beginner’s Guide to Day Trading Online
The title of this book has said it all on why this book is perfect for new day traders.
Written by a well-regarded teacher in finance, A Beginner’s Guide to Day Trading Online provides clear instruction on how to day trade.
As a book meant for newbies, it not only tackles the confusing jargon in the trading industry but also explains how to execute trading strategies.
Turner’s book also discusses risk management, technical analyses, psychology of day trading, and trading plan creation.
Furthermore, she also incorporated her own experiences in day trading from when she was just starting.
Just like other best day trading books, this one also has quizzes and checklists that beginners can work with.
If you are interested in getting one, check out Toni Turner’s book on Google Books and Amazon.
The Simple Strategy by Markus Heitkotter
Learning day trading through books can honestly be a bit boring.
That is why some people tend to drop reading about it even though they are reading the best day trading books.
However, that is not the case if you read Markus Heitkotter’s book.
In his book, The Simple Strategy, he used an upbeat tone so you can learn with enjoyment.
Heitkotter shared his journey as he shifted to day trading leaving not only his corporate career but also his country.
He expressed this shift in a positive light despite the challenges he had to overcome to bring about inspiration to first-time day traders.
Moreover, his book provides clear instructions on when to enter a trade and when to exit.
It also gives insight into small intraday trend capitalization and trading software reviews.
This book is also a go-to information source for forex and option trading. If you want to learn more about the book, you can check out its product description on Google Books and Amazon.
How To Day Trade For A Living by Andrew Aziz
Another well-featured book across sites that provide recommendations on best day trading books is Andrew Aziz’s work.
What readers love about this book is Aziz’s personal tale when he started day trading for the first time and how he lost all he earned because of lack of knowledge.
He expressed why and how day trading is something more of a job rather than a hobby like gambling.
What Set this Day Trading Book Apart from others?
In his book, Aziz summarizes day trading from start to end, from opening trade to closing it.
He also shared some techniques in strategy development and what should every trader expect in day trading.
Furthermore, he gave a clear and detailed explanation for each strategy mentioned in his book.
His concise writing style enables readers to improve in day trading.
That is why even intermediate-level and advanced traders find his book very valuable.
Having almost 2,000 five-star global reviews on Amazon, it is no surprise why this is a must-have book for new traders.
Many readers and trade experts attest that How To Day Trade For A Living by Andrew Aziz will become an essential day trading reference in the years to come.
Apart from Amazon, you can also get a copy of this best-selling day trade book on Google Books.
Technical Analysis of Financial Markets by John J. Murphy
If you want a book written by the most reliable person to teach you day trading, Technical Analysis of Financial Markets is the one you should get. This is written by John J. Murphy, an institutional investor at Wall Street with over four decades of experience.
He used to be the head of Merrill Lynch’s Technical Analysis Futures Division as well as CNBC’s technical analyst.
As a former top management member in a reputable investment bank, he is the most credible individual to teach you what you need to learn.
In his book, Murphy explained various day trading strategies backed by comprehensive examples and case studies.
He also tackled Intermarket relations, stock trend analysis, stock rotation, and profit opportunity exploitation.
He also talked in-depth about trade reversals, stock trading patterns, market cycles, and contrarian indicators.
His clear explanations in discussing complex trading data are the reason why not only experienced traders but also beginners can perceive it.
If you want a copy of Murphy’s work, you can find his book on Amazon.
#7 Best Day Trading Books: The 1 Hour Trade by Brian Anderson
If you don’t want to begin indulging with the complex side of day trading but want to get started, Brian Anderson’s The 1 Hour Trade is a great fit for you.
His book is well-received for its simplicity in approaching day trading strategies.
This approach provided clear and concise information to help traders get into focus and not be bombarded with complicated trading data.
Anderson also shared his mishaps when he first got into day trading and provided advice on how his readers can avoid making the same mistakes.
His simple book has almost 300 five-star ratings globally on Amazon.
Summary of Best Day Trading Books in 2022
|Book Cover||Book||Author’s background||#Pages||Topics||Where To Buy It|
|How To Day Trade||128||Day Trading Dictionary||Amazon|
|The New Trading for a Living||304||Trading discipline, Risk Management||Amazon|
|A Beginneer’s Guide to Day Trading Online||288||Technical Analysis, Trading Strategies||Amazon|
|The Simple Strategy||86||Stocks, Futures, Forex||Amazon, Google Books|
|How To Day Trade for a Living||382||Risk Management, Trading Psychology||Google Books|
|Technical Analysis of Financial Markets||576||Futures Markets||Amazon|
|The 1 Hour Trade||100||Trading Strategy||Amazon|
FINAL THOUGHTS ON BEST DAY TRADING BOOKS
Anyone can succeed in anything as long as they know their hands and that applies to day trading.
Getting a copy of one of these best day trading books can get you started on your journey into becoming a day trader.
Also, getting started is just the beginning of what day trading can do for you.
Becoming an expert in investing and analyzing the stock market takes a lot of good books to read coupled with hands-on experience.
If you are looking for more stock trading book recommendations, subscribe to our newsletter to get timely blog updates.
Hold a Master Degree in Electrical engineering from Texas A&M University.
African born – French Raised and US matured who speak 5 languages.
Active Stock Options Trader and Coach since 2014.
Most Swing Trade weekly Options and Specialize in 10-Baggers !
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