Tuesday, November 10, 2009

Technical Analysis Books That Every Investor Should Own.

Lets face it. Most stock market books that you buy on trading stocks are not even worth buying. There are only a handful of technical analysis books that I think every trader should own. These are books that I have personally read and recommend.

1. How to Make Money in Stocks
By William J. O'neil
This is a great introductory book to the stock market. It outlines William O'neil's CANSLIM approach to trading and investing. This books will give to some great insight into how the stock market works. The chapter on how to read stock charts and the "cup and handle pattern" is a must read. Also, the chapter on the greatest stock market winners of all time is inspiring.

2. How I Made 2,000,000 in the Stock Market
By Nicolas Darvas
This is one of the most unique stories about a person that made a fortune in the stock market using a simple trading system that is still used today. This inspiring story will keep you reading until the end!
Note: This book is included in the Nicolas Darvas Home Study Course. This is a great course that goes into depth on how to draw Darvas Boxes on a stock chart.

3. Practical Speculation
By Victor Niederhoffer and Laurel Kenner
This book will blow you away! It will make you think twice about all of the conventional wisdom that is constantly spread by the media. Don't miss the chapter on Earnings Propaganda (chapter two). If you just want the truth about trading and investing, then this book is for you.

4. How to get Started in Active Trading and Investing
By David Nassar
I picked up this book at an airport bookstore right before a long flight. I didn't expect much. I was just looking or something to read to pass the time. I was surprised to find out this book would become my single best stock market recommendation for new traders! This unique book will get you on the fast track to the trading and investing world.

5. Secrets for Profiting in Bull and Bear Markets
By Stan Weinstein
This is one of the best technical analysis books to date. This covers when to buy, when to sell, and how to sell stocks short. This book also has an in depth chapter on market stages which is worth the entire cost of the book alone.

To be continued...