Trading Books You Must Have

Online Trading now has become trends in the world. Stock , Forex , Options can be traded trough online system. Trading here means speculation . For you who just enter the stock exchange perhaps feels feels that buying and selling stock to get profit is easy but actually it's not easy. Speculation is different with investing. For you who want to do investment should buy investing books for counting the fundamental analysis but if you want to do it for short term .. You should have planning , strategy and money management. From which i know , trading should become a bussines. So just have a plan to get % USD every month. Strategy is technical tool which has been proved accurate to get profit. Money Management is used to minimalis the risk and maximaist the profit. Just calculate the risk and reward if you want to trade a stock. Everything should be planned and execute as the plan. For information which i know . a beginner trader in the first year if only lose 5 % capital than he must be lucky. So just equip first with the knowledge of trading books to minimalist the risk and do paper trading at least 3 months to prove that your methodology work and progitable .. Here are some books which may be usefull for you :

• Jesse Livermore : The World's Greatest Stock Trader

These are the basic book i think a trader should have . In this book is explained about trading system and rules which should be followed by a trader . And explain about the mechanism in the stock exchange from trader perspective. Just like the said in the book that the technology is change but the human habit is always the same

• Market Momentum

Pring shows you how to interpret momentum indicators and even how to adjust them in ways you previously would not have thought of. After read this book , you will understand the most commonly used momentum indicators. You should know about Tehnical Analysis and Metastock software to understand it.

• Tehnical Analysis Explained

This is a must have book . A very good book tehnical analysis basically so you understand the meaning of analysis. It's complete so worth it to be bought

• Entries and Exits

These book contain the strategy of 12 Traders . You will know how to enter or exit from stock when special indicator happen. Just learn from the 12 Profesional traders plan , strategy and money management to get profit.

• Trading Chaos Theory

It explain a profunity trading system . This book teach you when to buy and add position. Or when to do short sell . A very detail strategy . You must have metastock software to practice the trading system.

• Tape Reading Market and Tactics
  

One of the skills are needed is tape reading . With volume which is know you will make precise the buying or selling momentum. So just read this ...

From my opinion the best way is to merge fundamental analysis and tehnical analysis to maximize your profit. Just read the investing books and trading books. It will more help. It can be used in the stock, options , forex and commodities exchange. So happy trading ... :D