Home > Beginner education > Must Read Books for the New Trader

Must Read Books for the New Trader

As a new trader, it is extremely important to take control of your own destiny in order to be successful.  The first step in gaining knowledge of the business you have just entered is to read as many books as possible.

Keystone has selected 3 must read books:

Reminiscences of a stock operator-by edwin Lefevre – a novel about the ups and downs of a trader in the early 1900’s. This book is not about a trading system, but instead it helps you understand how the market behaves and waht to expect. The truths he discusses in this book still pertain to the markets this very day.

High Probability Trading-by Marcel Link: This book was written in 2003, so therefore, it gives you recent market information and how to react to todays markets. Trading is not gambling, but yet about probability. This book will cover technical analysis, money management, risk management, and the the psychological aspects of trading.

The Disciplined Trader- by Mark Douglas-  The author will take you from his time as a novice stock broker, personal bankruptcy and to his eventual success.  His message is clear: Traders must have a plan and use it. In addition , he discusses: anticipating trader emotions, accepting a losing position and creating positive patterns.

 These are just a few of the books we suggest.  After you have read these three, please feel free to contact us to find out what other books we reccommend you to read.

Categories: Beginner education
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