SteveGoodwill
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Looking for some more ways to learn and study some more books regarding swing trading, do you guys have anything that helped you?
Thank you, appreciate it!Hi Steve,
Have a sift through this lot: Which Books should a Beginner Read?
I'm not a swing trader, but I did read (twice!) Marc Rivalland's book - which is listed in the link - and would be a worthy addition to your collection if you've not read it.
Tim.
Thanks a lot!Hi Steve,
John Carter "Mastering the Trade" covers a lot
Dynamic Traders "High Probability Trading Strategies" (Robert Miner)
The 123 method & Ross Hook method
Dave Landry's "The Laymans Guide to Trading Stocks"
Joe DiNapoli "The practical application of Fibonacci"
Harmonic Trading Patterns
Anything by Jake Bernstein and Larry Williams
Definitive guide to trading stocks - Kevin Brown
Trading as a business by Dick Diamond
Walter Bressert books
Thanks, friend!THEE most impactful book read thus far I recall to be Market Wizards by Jack Schwager
That one has a freely downloadable pdf on the net."Technical Analysis of the Financial Markets" by John J. Murphy. It covers everything from basic concepts like chart types (line, bar, and candlestick) to more advanced topics such as different technical indicators, market patterns, and trading systems
It depends how you define swing trading, I think. I have never seen how the "the economic model used by the Central Banks." operates over a few days. Can you elucidate? Are you referring things to the likely upcoming support of the Yen by the J bank which may boost its value?With swing trading you are holding trades for days or weeks or more. It is imperative to understand the economic model used by the Central Banks. I would suggest an entry level book on macroeconomics as a good place to start.
To successfully swing trade, there is a great deal more to learn than basic macroeconomics. Learning what is necessary to swing trade successfully is a very big commitment. Most retail traders won’t make that type of commitment to learn, and then develop the skill to be able to successfully apply fundamentals to their trading.
No doubt there are some traders using only technicals to successfully swing trade. However, swing trading is solidly within the province of fundamentals. I don’t see how you can successfully swing trade without a very good understanding of fundamentals.
Interesting. I am currently on book 3 in the series with less than 50 pages to go, HFMW is already on the bookshelf ready to go as soon as I'm through with this one, I haven't yet bought the final book but will do so soon. Have you read all them yourself, I'm trying to discern whether UMW has been most influential/useful for you of the whole series and what kind of trading do you do?The best book I ever read on trading is experience, let your losses be the book that you read and analyse.
But if I had to choose a book as alluded to previously I would go for Jack Schwager: Unknown Market Wizards! Especially Ben Shaprio and his use of the COT data!!
Actually that's probably second, I forgot about Super Trader by Dr Tharp, that book made me realise that I wasn't working hard or smart enough previously, my record keeping and analysis of my trades improved tenfold after reading this as did my performance. I move most of my books on once I've read them but Super Trader and Market Wizards will remain with me until the end of timeTHEE most impactful book read thus far I recall to be Market Wizards by Jack Schwager