There is a lot of investing books out there that can assist investors expand their stock education. This record highlights 20 great Wall Street books all traders should read.
1. How to build Money in Stocks by William O’Neil
This is a classic by William O’Neil, describing the outs and ins of his CANSLIM system for verdict future huge winners in the stock market and how to time entries and exits. It combines basic and technical analysis and is an excellent guide for beginner investors.
2. One Up On Wall St by Peter Lynch
This is an investment classic that will provide the individual investor hope. Peter Lynch explains how Wall Street may not be able to get the most excellent investing opportunities from the begin and shows step-by-step how the individual investor can get the next ten-bagger
3. The Warren Buffett Way by Robert Hagstrom
This book sheds coming into the ways and means of the Oracle of Omaha. Warren Buffett’s view is aware and his methods may yield successful rewards for investors with sufficient patience to study them, know them and apply them properly.
4. Reminiscences of a Stock Operator by Edwin Lefèvre.
This book is a correct page turner. It is a breathtaking detail of how a young boy managed to amass one of the main fortunes by speculating irregardless going broke a a small number of times in his career. He has timeless recommendation for investors (“I’ve always made my money from sitting, not thinking”) which will assist your trading for years to come.
5. Market Wizards by Jack Schwager
This book is a set of interviews of a collection of successful traders in the 1970s/80s. Their experiences are remarkable to hear and traders may draw helpful lessons from them. However, A few of them were successful just because they were in the correct place at the right time. The 1970s were a huge commodity bull market and some of them profited from it. Yet, this is a classic to understand and enjoy. Jack’s latest book, Hedge Fund Market Wizards, is also an unbelievable read.
6. Fooled by Randomness by Nassim Taleb
This book, which would go along well with “The Black Swan”, explains the author’s view about how chance plays a better role in our lives than we guess. For traders, this would imply that the risks are generally larger than we expect. Also, it would mean that some things in the financial world are not accurately what they seem.
7. Japanese Candlestick Charting Techniques by Steven Nison
This book introduces candlestick charting, which a number of investors may find helpful in their trading. It definitely helps to build charts more visual!
8. The Intelligent Investor by Benjamin Graham
The base price for investing and being successful in the market, Benjamin Graham’s classic has sold over 1 million copies and earns its mark on every investors book shelf.
9. The Right Stock at the Right Time by Larry Williams
Larry Williams reveals some of his remarks of cyclical tendencies in the stock market. It may serve as a beam of light for investors battered by bear markets.
10. The Great Crash 1929 by Kenneth Galbraith
A gifted recount of the actions leading up to and after the financial meltdown in 1929.
Source : http://www.stocktradingtogo.com/2008/08/08/twenty-must-read-investing-books/
