Reminiscences of a Stock Operator is probably one of the best and well known books on the subject of financial speculation.
The book is a thinly disguised biography of the great stock trader Jesse Livermore, but also documents the time of financial speculation during the early 20th century.
Reminiscences of a Stock Operator tells how Livermore started his amazing career when he was a teenager working in one of the bucket shops that were common during this time. He had a head for numbers and noticed how stocks reacted during times of heavy buying or selling.
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Trading For Beginners is an eBook that is a excellent resource for anyone who is considering getting started in trading the financial markets, including Forex, Futures, Stocks and Options.
If you are looking for a really good introduction to trading then Trading For Beginners would probably suit you. I know that I spent a lot of time reading books and websites when I first became interested in trading Forex, and this book covers everything that I was looking for at the time.
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In Bird Watching in Lion Country - Retail Forex Trading Explained, Dirk du Toit (A.K.A. Dr Forex) sets out to explain exactly how the Forex Market functions and what you need to know and how you need to work in order to be one of the winners who are trading the Forex.
Dirk du Toit is a successful trader who specializes in the Forex Market and imparts his knowledge in this popular 236 page book.
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I recently bought a really good eBook called How To Trade The Futures Market by Malcolm Robinson.
I love to read first hand accounts of how traders begin by failing in the markets and then instead of just giving up, they take a step back and look at how their trading system fails to make profits and then tweak their system to go back into the markets to become a successful trader.
How To Trade The Futures Market is a great example of this type of story! Within the pages Malcolm Robinson gives an indepth account of how he went from losing £60,000 (currently about US$120,000) in his first year as a futures floor trader to turning himself into a successful and profitable professional trader.
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Jack Schwager is one of the most important and visible figures in the futures industry today. His Market Wizards and The New Market Wizards are two of the bestselling finance titles of all time.
Now, in the latest volume in the Schwager on Futures series, Technical Analysis, Schwager has created the most comprehensive guide ever for using technical analysis for futures trading.
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With the explosion of Forex Trading in recent years, it is possible that you, like many others, have become interested or are thinking about starting out in this potentially lucrative field of financial speculation.
Often, it is tempting to read a little on the subject, fund an account and then promptly lose your trading capital. If this is done to the extreme you could find yourself at best feeling a little embarassed. Otherwise feeling quite poor, or at worse even in debt.
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[tags]forex, forex+trading, finance, forex+books[/tags]
If you want to know about what it is like to go from being a losing trader to becoming the Champion Trader of Wall Street then you should read Pit Bull - Lessons from Wall Street’s Champion Trader by Martin ‘Buzzy’ Schwartz.
Schwartz gives an account of how he grew up to become an analyst for several Wall Street companies before deciding to go it alone as a full time independant trader.
He had been trading from the start of his Wall Street career, but had never managed to turn an overall profit. After talking to a friend, he realized that he had to formulate a plan for success. From here he started trading during the working hours of his last job using his unique trading plan - and after several months of consitant success, bought a seat on the AMEX to trade stock options on the trading floor.
After a while as a floor trader, Schwartz found that he was getting good at trading the market off the floor from a quote machine. He moved off the floor permanently and into an office at his brokers - All the time continuing to rack up massive winnings from the options and futures markets. During this time he also entered some trading contest and officially becoming Wall Street’s Champion Trader.
Schwarz then took an untimely move into money management which caused much stress in his life and he documents his journey through massive heart surgery and finaly folding this brief mis-adventure.
Overall, Schwartz tells an informative and funny story of his trading experiences - and much can be taken away by anyone wanting to be, or already involved in, this industry. Hear about the mayhem of trading on the floor of the AMEX, retrieving brief cases full of gold during the panic of market crashes, and how formulating a solid trading plan is the sure way to success in the financial markets.
Where to buy Pit Bull - Lessons from Wall Street’s Champion Trader
If you are keen to buy the book, I would recommend the following websites for getting a better deal than buying at a shop:
- Pit Bull @ Ebay - You can often find a good deal on used items here, and I often pick up useful books for low prices.
- Pit Bull @ Amazon - Amazon.com allways has this book in stock and can deliver it quickly.
When Jack Schwager researched and wrote Market Wizards - Interviews With Top Traders, you can only wonder whether he was aware that he was producing one of the most important books on the topic of trading.
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Trade Your Way to Financial Freedom
is the excellent book by Dr Van K Tharp which really gets right to the point of what it takes to be a successful trader. Inside this book you will not find any get rich quick trading systems - instead you will find good clean common sense ideas and methods to start being profitable in your trading career.
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If you are interested in Nicolas Darvas and/or the methods he used to make two million dollars in the Stock Market, then you should definitely read How I Made $2,000,000 in the Stock Market
. It is a first hand account of how Nicolas Darvas made $2,000,000 dollars in the stock market in the space of about 2 years.
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