Reading.

This is a discussion on Reading. within the First Steps forums, part of the Reception category; Hello im new to trading and Id like to read and learn as much as I can about spread betting. ...

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Old Jan 13, 2004, 10:29pm   #1
 
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Joined Jan 2004
Reading.

Hello im new to trading and Id like to read and learn as much as I can about spread betting. I would appreciate it if anyone could advise me on what books would be the best starting point to increase my understanding.

Thanks a lot.

BT.
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Old Jan 13, 2004, 11:02pm   #2
 
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Joined Jan 2004
There are many good books on trading.

My personal favourites (on the general & common aspects of
trading) are:

1.Reminiscences of a Stock operator (Edwin Lefevre)
2.Market Wizards (Jack Schwager)
3.New Market Wizards (Jack Schwager)
4.Trade your Way to Financial Freedom (Dr Van Tharp)
5.The Disciplined Trader (Mark Douglas)

You can read reviews on all the above on amazon and i think
some of the above are availble in T2W book store at very
good prices.

Then you will want to consider which time horizon suits you
and buy books specific to that, so you plan to day trade buy
some books specific to daytrading, or if you fancy trading options
ask for some recommendations in that area..

Oh, and stay away from any books or scheme or seminar that
claims will turn you into an instant trader making £10,000+
in a week, sadly this industry is full of charlatans and con men.
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Old Jan 13, 2004, 11:52pm   #3
Joined Sep 2003
Bigtrade,
In addition to those listed there's also John J Murphy's
' Technical Analysis of the Financial Market's ' and maybe
Steve Nison's ' Japanese Candlestick Charting Techniques'
Also don't overlook the posts on this site.
There are some real gems hidden away and you may find that it's worth many hours of sitting in front of your PC and a few reams of paper and loads of printer ink downloading stuff from here .
I found this site a few months ago and i reckon I've spent at least 2 hours a day here ever since.
I suspect that when I look back in the future I won't regret it!
Good luck,
hampy
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Old Jan 14, 2004, 12:10pm   #4
 
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bigtrade started this thread Thanks guys I think those should get me off to a good start.

bt
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Old Jan 14, 2004, 1:07pm   #5
 
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Hi Bigtrade,

I agree with hampy, John Murphy explains almost everything to do with TA. Definatly the first book to buy even though the most expensive.

If you are a complete newbie make sure the books you buy are suitable for your level, Reading Trading for a Living and Come into my trading Room by Dr Alexandra Elder has also helped me in my trading 10 fold but like a lot of books you do need to know basic T/A first.



Mr Squad
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Old Jan 14, 2004, 1:24pm   #6
 
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People also recommed Jilers work

http://books.global-investor.com/boo...c4d0d69ecb3830

Hampy is correct..there are many gems on this site that you only find in specialist or rare trading works not in general circulation ...it pays to use the search facility

Happy Searching

CJ
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Old Jan 14, 2004, 4:13pm   #7
 
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I think depsite it's title van Tharps book is an excellent read for the begginer. I almost didn't but it when I first saw it because it sounded so corny!!!
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Old Jan 14, 2004, 10:51pm   #8
Joined Sep 2003
Bigtrade,
If you are going to buy some books there are good discounts available on the home page of this site
hampy
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