4 Essential Books for the Modern Trader

4 Essential Books for the Modern Trader

In the digital age, it’s much easier to have access to a wide range of resources that can help you become a successful trader, whether in stocks, cryptocurrency, or foreign exchange. Up-to-date resources are important, especially as modern trading continues to evolve. In our previous article on the best cryptocurrency YouTube channels, we mentioned some reliable YouTubers like Benjamin Cowen and Anthony Pompliano, who can help you upgrade your trading skills. Aside from YouTube videos, you can also try reading books for a more comprehensive look at the fundamentals of trading.

According to an article by Business News Daily, reading can help you gain new insights, perspectives, and information that you can apply in your career and other activities such as trading. Books can help you enhance the necessary skills needed for modern trading. But where can you access them, and what titles should you look for?

Accessing books

While many of these books are available through offline retailers, you don’t have to be limited to your local bookstore. If you’re looking for books on trading, Everand’s digital library offers access to a diverse range of titles like Matthew G. Carter’s Trading Strategy and John L. Person’s Mastering the Stock Market. You can boost your trading skills with these books along with Everand’s exclusive originals that belong in a huge catalog of ebooks, audiobooks, and podcasts that you can read and listen to during your free time. Alternatively, you can also try the Libby digital reading app to access many titles on trading, especially since they similarly offer thousands of books that can contribute to your knowledge and skills on trading and can be loaned from local public or school libraries.

Books for the modern trader

If you’re looking for titles, here are 4 essential books for the modern trader:

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy

If you’re a modern trader looking to understand the concept of technical analysis, John. J. Murphy’s Technical Analysis of the Financial Markets can easily serve as your trading bible. The book teaches you how to read charts and understand indicators to help you invest and trade effectively. Reading this book can give you a thorough understanding of the field of technical analysis and how it can be applied to stock markets, particularly futures markets. This is essential reading for traders interested in analyzing market behavior.

Market Wizards, Updated: Interview with Top Traders by Jack D. Schwager

There’s nothing like learning from some of the best in the industry. Jack. D. Schwager’s Market Wizards takes you into the minds of dozens of top traders across financial markets, like Bruce Kovner, Michel Steinhardt, Tom Baldwin, and more. Through this book, you can learn possible tips on how to achieve trading success through the wisdom of some of the world’s super traders.

The Intelligent Investor by Benjamin Graham

If you’re looking for a classic text on value investing, then Benjamin Graham’s book The Intelligent Investor has you covered. Touted by prominent investor Warren Buffet as the best investing book ever written, The Intelligent Investor showcases Graham’s underlying philosophy of determining the value when investing. This book can help you make wise choices to avoid partaking in short-term market booms and financial losses due to bad investment decisions.

The Disciplined Trader: Developing Winning Attitudes by Mark Douglas

Mark Douglas’ The Disciplined Trader can inspire you to develop a mindset or mentality that can help you become a successful trader. The book addresses the subject of the psychology of trading and how you can create healthy practices and attitudes to achieve trading efficiency. If you’re looking to cultivate an effective, step-by-step approach to achieving trading success, you should read this book.

There are many resources available to help you become a better and more successful modern trader. Be sure to check out these books to boost your skills and knowledge. For more tips, visit the King Trading Systems website for the latest in trading and investments.