Books On Trading Psychology
Despite current search and rating options, finding a good book is more difficult than ever, and it can take a long time. Finding the correct books is one of the most critical aspects in learning to read.
To make things easier for you, we did some digging and based on our own experience, compiled the top list of books for each category.
- Trading In The Zone
- Reminiscences Of A Stock Operator
- The Art Of Thinking Clearly
- Market Wizards
- The Investor's Quotient
- The Psychology Of Trading
The author begins by describing a typical trader's trip and how the majority of traders lose all of their money within a year. The book explains every aspect of the nature of beliefs that a normal trader possesses and how they can obstruct his trading trip.
Trading versus a casino operator is a complete symmetry of the entire game. When a new trader makes money, he feels joyful, but when he loses money, he understands that he needs to master a variety of tools and a variety of technical analysis. Nevertheless, he continues to lose money. Why has the author investigated this? Hundreds of variables influence how the markets react.
PRODUCT DETAILS: Language : English Paperback : 240 pages Item Weight : 510 g Dimensions : 20.3 x 25.4 x 4.7 cm Reading age : 13+
This is an excellent book. This isn't a book about making money. It's a book on how your mind, and mine, thinks about money, saves, spending, and investing. It's also great. Now is the time to get it.
PRODUCT DETAILS: Language : English Paperback : 304 pages Item Weight : 460 g Dimensions : 22 x 14 x 2.5 cm Reading age : 10+
Using an example or a tale, the author discusses each assumption. The explanations are brief, straightforward, and easy to understand. The downside is that it contains 99 biases, some of which may have been combined, and the author also repeats similar information. Some of the listed prejudices aren't as significant as others. To reflect and remember, you must read the text continuously. OVERALL- This book, along with THINKING FAST AND SLOW, is a must-read.
PRODUCT DETAILS: Language : English Paperback : 336 pages Item Weight : 308 g Dimensions : 12 x 3 x 18 cm Reading age : 13+
Top traders and their trading tactics are interviewed in the book. It not only discusses stocks, but also currencies and commodities; yet, it is still a worthwhile read because mental approach and procedure are nearly identical regardless of the transaction; the only variable is understanding of other trade products.
"Psychology is crucial, and this book will help you understand what the top traders are thinking when they trade." Jack Schwager has published several "Market Wizards" books, but this one is still considered the original.
PRODUCT DETAILS: Language : English Paperback : 512 pages Item Weight : 750 g Dimensions : 13.9 x 1.5 x 17.8 cm Reading age : 10+
This is an amazing book. Only for those who are interested in psychology and feel that a competent trader's success is based on their individual performance at work rather than their trading strategy.
PRODUCT DETAILS: Language : English Paperback : 320 pages Item Weight : 488 g Dimensions : 15.3 x 2.04 x 22.85 cm Reading age : 13+
One of the most well-researched books I've ever read on money and investments. Unlike some other publications, which presume that you are absolutely reasonable and logical when it comes to money, this book assumes that you are human and thus liable to make errors of judgement and practical mistakes.
Excellent point of view, as well as being relatively simple to read and comprehend. It comes highly recommended. Morgan Housel, congratulations on a fantastic achievement.
PRODUCT DETAILS: Language : English Paperback : 352 pages Item Weight : 658 g Dimensions : 15.75 x 2.29 x 23.11 cm Reading age : 13+