good books on trading

This is a discussion on good books on trading within the Futures & Options forums, part of the Markets category; Hi, Can anyone recommend any good books (for a relatively new trader) on TA, as it applies to futures trading? ...

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Old Mar 21, 2007, 11:07pm   #1
Joined Dec 2006
good books on trading

Hi,

Can anyone recommend any good books (for a relatively new trader) on TA, as it applies to futures trading?

Thanks
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Old Mar 21, 2007, 11:16pm   #2
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I would recommend 'Trading Day by Day' by Chick Goslin. A friend here recommended it to me and I still keep it in my car to read while waiting to pick up my future traders from school
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Old Mar 22, 2007, 9:25am   #3
 
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Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J Murphey
http://www.amazon.co.uk/Technical-An...4552012&sr=1-5

Is pretty much the bible.

While Goslin isn't a TA encyclopedia it is highly recommended by a lot of people and indeed, has a whole thread dedicated to it on these boards.
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Old Mar 22, 2007, 9:29am   #4
 
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how can u measure the value of a good book ?

by defining this book as "good"
by the price ?

your q. is quiet wrong.

your q. has to be :
Can I profit from a book on trading issues ?
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Old Mar 22, 2007, 11:20am   #5
 
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Just bought 'Trading Day by Day' by Chick Goslin yesterday, arrived this morning .... £50 second hand.
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Old Mar 22, 2007, 11:39am   #6
Joined Jul 2006
Quote:
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J Murphey
http://www.amazon.co.uk/Technical-A...74552012&sr=1-5

Is pretty much the bible.
Seconded.
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Old Mar 22, 2007, 11:57am   #7
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Quote:
Originally Posted by Kinger
Just bought 'Trading Day by Day' by Chick Goslin yesterday, arrived this morning .... £50 second hand.
That's quick. But the reading won't be like that
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Old Mar 22, 2007, 1:04pm   #8
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Joe Ross stuff is pretty readable and very helpful.

Howzabout " Electronic Trading TNT 1...Gorilla Trading Stuff".

Lots of really good stuff in there, bit pricey though.
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Old Mar 27, 2008, 7:00pm   #9
 
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For those traders looking to design mechanical / statistical systems for futures markets, I would recommend the following:

Bob Pardo: Design, Testing, and Optimization of Trading Systems (or the newer version that just came out)
Any of the three books by Ralph Vince on money management for those interested in fixed fractional stuff.
Lars Kestner: Quantitative Trading Strategies
James Altucher: Trade Like a Hedge Fund
David Aronson: Evidence Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals
Some of Perry Kaufman's books are pretty good too.
Also for those with Tradestation, Thomas Stridsman's books (such as Trading Systems That Work) are decent intros to designing robust systems.

That's just off the top of my head. There are probably others.
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Old Mar 28, 2008, 6:10am   #10
Joined Jul 2005
in relation to futures trading, how about the following:

a. price action: dbphoenix's ebook
b. patterns trading: suri's trade chart patterns like the pros
c. trading set-ups: raschke's street smarts and nihabaashi's wrb analysis
d. vsa: tom's master the markets
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Old Mar 28, 2008, 11:32am   #11
 
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I was told to only read books by people who actually trade eg Raschke, Schwager (ie his Wizard books), Darvas.
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Old May 5, 2008, 4:32am   #12
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Mastering the Trade by John Carter is a masterpiece.

cheers.
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Old May 5, 2008, 5:30am   #13
 
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Quote:
Originally Posted by yongp View Post
Mastering the Trade by John Carter is a masterpiece.

cheers.
i second that !!

should be compulsory reading before anyone is permitted even to open an account
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Old May 14, 2008, 12:35pm   #14
 
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Before you look at any TA books you should start with Trading in the Zone by Mark Douglas which deals with the psychological issues of trading - way more important that any TA advice.
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Old May 15, 2008, 3:42am   #15
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Originally Posted by Rockhoundnz View Post
Before you look at any TA books you should start with Trading in the Zone by Mark Douglas which deals with the psychological issues of trading - way more important that any TA advice.
That's true Rock....somehow i've tried to select an indicator to support my biasness. I'm planning to get that book but not sure if the "Disciplined Trader" is a better one. What do you think?

cheers,
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