Monday, April 26, 2010

5 Books Great for New Day Traders


If you'd like to learn day trading but aren't sure if you're ready to sign up for day trading training, reading about day trading is a great way to start out. There are tons of day trading books out there that offer a wealth of information on the subject and could be helpful to anyone looking to make money as a trader.

Here are 5 highly rated books about day trading that are available online or at any bookstore.

1) Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas- This book is a resource for getting tips on developing your keen day trading mindset.

2) The Day Traders Survival Guide: How to Be Consistently Profitable in Short Term Markets by Christopher A. Farrell- Farrel does a fantastic job at pulling back the curtain and exposing how market makers and specialists manipulate stocks to fleece traders and investors. He then shows how you can turn the tables to work the markets to your own advantage.

3)Come Into My Trading Room: A Complete Guide to Trading by Dr. Alexander Elder-
This book is an international best-seller and among other things, gives you a complete introduction to trading essentials.

4) The Psychology of Risk:Mastering Marketing Uncertainty by Ari Kiev-
If you're looking for a clear, enjoyable book on how to find success in trading, this is a must-read for you.

5)Market Wizards: Interviews with Top Traders by Jack Schwager-
This book is a classic and features interviews with some of the most successful traders out there, delving into their backgrounds, experiences, and trading techniques.

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