Japanese Candlesticks, Elliot Waves, Fibonacci Retracments, Shorting Stocks

 

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Stock Trading Books

You may click on a link to buy one-line from Amazon. These books are especially recommended. Please place order after clicking from this page to support this website.

Profitable Candlestick Trading -- By Steve Bigalow. "This book has turned the tide for me. I hope he writes another book to give more of his insights on trading. I will buy it. "

Trading for a Living -- Soviet-born author and practicing psychiatrist Elder (director, Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle of understanding the three Ms (Mind, Method, Money),

The Best Trendline Methods of Alan Andrews -- This book shows how to use trendlines to see the big picture and stay on the right side of the market.

Reminiscences of a Stock Operator -- Reminiscences of a Stock Operator is the thinly disguised biography of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century. Livermore, who was banned from these shady operations because of his winning ways, soon moved to Wall Street where he made and lost his fortune several times over. What makes this books so valuable ...

Dyanamic Trader. Explains how to use Fibonacci, Gann and Elliott systems.

Trading in the Zone : Master the Market... -- One reader writes:
"I have traded now for nearly 3 years. I have book shelves full of books about trading, from technical analysis to trading tactics. Not until I read this book did I understand what it meant to create a trading plan - or for that matter, what the plan should look like. It was not until I read this book that I understood that simply trying harder, studying more, or researching deeper, would NOT improve my trading..."

Trade Your Way to Financial Freedom -- "As someone who has read more than his share of books on developing trading systems, I can say without a doubt that this is absolutely the best book ever written on this topic. Tharp reveals material that will anger true experts (their secrets will be revealed) and humble many so-called experts (they will learn how much they don't know) Much of the material on exits and money management is based upon ideas that he has collected from the best traders in the world. More importantly, this book makes clear the often overlooked fact that if the system you are trying to trade does not fit your personality, then you have the wrong system. This idea alone can save people thousands of dollars spent needlessly on systems they can't or won't trade. When you consider this alone, you could pay 10 times the asking price for this book and still get 10 times your money's worth. BUY IT!"

Safe Strategies for Financial Freeom -Your Personal Financial Freedom Number--How to build passive monthly income that frees you from the workplace Specific strategies for transforming your assets from money pits to money producers

Four Steps to Trading Success: Using Everyday Indicators to Achieve Extraordinary Profits by John Clayburg. -- In this book you learn how to:

  • Use and interpret free available indicators
  • Develop an effective system
  • Use a simple early morning technique to determine trend and increase the accuracy of your daily trading
  • Achieve your own optimal trading frequency
  • Interpret multiple indicators for optimum returns
  • Automate your system using commercially available software

    A reviewer writes: "Mr.Clayburg has written a very imformative and helpful book. His "Daily Directional Indicator" is something I've never seen before and is quite unique.I have read numerous
    books on trading and not one of them has ever touched
    on a "trading tool" such as this. Chapter 10 is worth the price
    of the book alone and possibly much more.I intend to use this
    daily indicator in my own trading from now on to give me
    a daily directional bias. I reccomend this book to all aspiring traders. "

Best selling stock trading books

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When to sell stocks.

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How to make money when stocks go down!

(Forgive me experienced traders, this paragraph is for newcomers to the active trading world.) It is quite possible to make a lot of money when stocks crash. This technique is called "shorting stocks."  NOTE: When you buy a stock and then sell it, this is NOT shorting a stock.

How to Sell Short in the Stock Market -- Explains in simple terms and easy-to-understand language how to profit in the stock market through tactical short selling. Explains several methods of identifying short sell candidates among individual stocks and provides methods for selling short and covering (exiting trade and taking profits). Provides numerous real-market examples of profitable short trades.

Streetsmart Guide to Timing the Stock... -- This is a good book for beginners. But if you are an inexperienced trader, you may know most of the material discussed in this book. On read writer: " I've adopted this guy as my rich Father. The author of this book has real world, practical, sensible advice given to me througout the years from dear friends in the market who incidentally are very wealthy. I rate this book a 10 if they had it, the predicted rating (4) IS WAY TOO LOW! Thank you, I already made money by following the easy, common sense principals found in this magnificent book. It already paid for itself. Thank you Mr. Alexander. "

Sold Short : Uncovering Deception in the... This is an entertaining book about selling short. It's a fun book, but has been criticized by not telling enough about technical analysis for shorting purposes. One reader writes: "The book itself is fun and reads like a mystery, you don't get bored. He has some personal history which explaines where he came from. He does do a little cheerleading but it should be expected. Asensio and his small crew take on the Giants of Wall Street, wage battle, and sometime win. Along with "The Predators Ball" this book is a must read for new or experienced stock investors." (NOTE: you can learn more about the author of this book and get tips on shorting specific stocks at www.asensio.com )

Technical Analysis

Technical analysis (TA) is a way of analyzing stocks by studying such things as high, low, open, and closing prices, volume and patterns that form on stock charts.. Traders skilled in TA can make money without knowing about the fundamental value of a company. Here are some excellent books on TA:

Japanese Candlesticks

Hundreds of years ago the Japanese were trading rice coupons. The Japanese developed their own system of charting and analyzing stock price movement. I've found these methods easy to understand and use. 

Profitable Candlestick Trading -- "This book [Candlestick Stock Charts] has turned the tide for me.
I hope he writes another book to give more of his insights on trading. I will buy it. "

Beyond Candlesticks: New Japanese... - Steven Nison (the father of candlesticks in America) happened to meet a Japanese stock broker several years ago and learned these methods. Before Steve introduced candlesticks, they were unknown in America. Now every stocktrading software program has candles. This is Steven's latest book.  I highly recommend it.

Candlestick Charting Explained: Timeless... This is a very detailed and well structured book. One reader writes: "for each candlestick patterns depicted the author provides an excellent explanation of the behaviour and forces developing behind the the price movements. I tested them and found that they don't always work (hey, who said life would be easy) but on the right market conditions it does work as it should. I found this book to be an excellent source for my trading in spotting market reversals and breakouts. It's a complement to traders with good technical analysis understanding.

 

Fibanacci Retracements and More. 

Leonardo Fibonacci was an Italian math major born in 1170. Some think Mr. Fibonacci discovered some amazing mathematical relationships while studying the Great Pyramid of Gizeh in Egypt.  It seems these mathematical relationships can be used in stock trading to predict when prices are likely to stop going up or down.

You may want to take a look at these books on Fionacci trading methods::

The New Fibonacci Trader: Tools and...
Fibonacci Applications and Strategies...

For a free tutorial on using Fibonacci click here.

 

Elliot Wave Theory

Click here for books on Using Elliott Wave Theory in Stock Trading