Trading is risky, and most traders lose money. Read our full T&C's and disclaimer.

Investstars
Investstars
  • InvestSTARS Home
  • Resources
    • Top Brokers
    • Courses
    • Memberships
    • Private Community
    • Blog
    • Top Books
    • Top YouTube Accounts
    • Top Podcasts
    • Top Twitter Accounts
    • Top Instagram Accounts
    • Top Reddit Feeds
    • Top TikTok Accounts
    • Financial Advisors
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Macroeconomics
    • Mixed Strategies
    • Stocks
    • ETF'S
    • Forex
    • Cryptocurrency
    • Commodities
    • Etoro Copy Trading
  • Guides
    • 101 Trading VS Investing
    • 101 Investing Guide 2023
    • 101 Trading Guide 2023
    • 101 Terminology Guide
    • Day Trading Guide
    • Swing Trading Guide
    • Options Trading Guide
    • Economic Cycle Guide
    • Trading With Leverage
    • Risk Management
    • Trading Psychology
    • Free Trading Plan 2023
    • Chart Patterns
    • Algorithmic Trading
  • Tools
    • Trading Tools
    • Screen and Scanners Guide
    • News
    • Economic Calendar
    • Earnings Calendar
  • Other
    • About us
    • Members Stories
    • Terms and Conditions
  • Contact Us
  • More
    • InvestSTARS Home
    • Resources
      • Top Brokers
      • Courses
      • Memberships
      • Private Community
      • Blog
      • Top Books
      • Top YouTube Accounts
      • Top Podcasts
      • Top Twitter Accounts
      • Top Instagram Accounts
      • Top Reddit Feeds
      • Top TikTok Accounts
      • Financial Advisors
    • Strategies
      • Technical Analysis
      • Fundamental Analysis
      • Macroeconomics
      • Mixed Strategies
      • Stocks
      • ETF'S
      • Forex
      • Cryptocurrency
      • Commodities
      • Etoro Copy Trading
    • Guides
      • 101 Trading VS Investing
      • 101 Investing Guide 2023
      • 101 Trading Guide 2023
      • 101 Terminology Guide
      • Day Trading Guide
      • Swing Trading Guide
      • Options Trading Guide
      • Economic Cycle Guide
      • Trading With Leverage
      • Risk Management
      • Trading Psychology
      • Free Trading Plan 2023
      • Chart Patterns
      • Algorithmic Trading
    • Tools
      • Trading Tools
      • Screen and Scanners Guide
      • News
      • Economic Calendar
      • Earnings Calendar
    • Other
      • About us
      • Members Stories
      • Terms and Conditions
    • Contact Us
  • Sign In
  • Create Account

  • My Account
  • Signed in as:

  • filler@godaddy.com


  • My Account
  • Sign out

Signed in as:

filler@godaddy.com

  • InvestSTARS Home
  • Resources
    • Top Brokers
    • Courses
    • Memberships
    • Private Community
    • Blog
    • Top Books
    • Top YouTube Accounts
    • Top Podcasts
    • Top Twitter Accounts
    • Top Instagram Accounts
    • Top Reddit Feeds
    • Top TikTok Accounts
    • Financial Advisors
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Macroeconomics
    • Mixed Strategies
    • Stocks
    • ETF'S
    • Forex
    • Cryptocurrency
    • Commodities
    • Etoro Copy Trading
  • Guides
    • 101 Trading VS Investing
    • 101 Investing Guide 2023
    • 101 Trading Guide 2023
    • 101 Terminology Guide
    • Day Trading Guide
    • Swing Trading Guide
    • Options Trading Guide
    • Economic Cycle Guide
    • Trading With Leverage
    • Risk Management
    • Trading Psychology
    • Free Trading Plan 2023
    • Chart Patterns
    • Algorithmic Trading
  • Tools
    • Trading Tools
    • Screen and Scanners Guide
    • News
    • Economic Calendar
    • Earnings Calendar
  • Other
    • About us
    • Members Stories
    • Terms and Conditions
  • Contact Us

Account


  • My Account
  • Sign out


  • Sign In
  • My Account

best books to learn how to day trade and invest in 2023

Explore our curated list of the best investment and trading books! From trading strategies to risk management and market psychology, our selection covers the top 10 books of all time. Invest in your knowledge with our expert recommendations and  and elevate your investment and trading game!

Top 10 books of all time
Top 10 fundamental analysis books
Top 10 technical analysis books

Top 10 Investment & Trading Books for Strategies, Risk Management, and Market Insights

The world of trading and investing can be complex and daunting for beginners and experts alike. To navigate this world successfully, it is important to have a strong foundation in the principles of trading, investing, and personal finance. In this overview, we will introduce you to the 10 best books on trading and investing that cover a wide range of topics, including trading psychology, technical analysis, personal finance, and more.


The books on this list are written by some of the most successful traders and investors in the world, and they offer valuable insights and strategies for anyone looking to improve their skills in these areas. Whether you are just starting out or have been trading for years, these books are essential reading for anyone looking to succeed in the world of finance.


In the following sections, we will provide a brief overview of each book on this list. From understanding the psychology of trading to developing a sound investment strategy, these books will provide you with the knowledge and tools you need to make informed decisions and achieve your financial goals.

Top 10 investment and trading books of all time

The Intelligent Investor - Benjamin Graham

A Random Walk Down Wall Street - Burton Malkiel

How to Day Trade for a Living - Andrew Aziz

 This classic book provides a timeless approach to value investing and lays out the principles of long-term investment strategies. 

Buy on amazon

How to Day Trade for a Living - Andrew Aziz

A Random Walk Down Wall Street - Burton Malkiel

How to Day Trade for a Living - Andrew Aziz

This practical guide teaches readers how to develop a profitable day trading strategy and manage risk effectively. 

Buy on amazon

A Random Walk Down Wall Street - Burton Malkiel

A Random Walk Down Wall Street - Burton Malkiel

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Tom Hougaard

 This book explores the concept of efficient market theory and provides insights into the principles of long-term investing. 

Buy on amazon

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Tom Hougaard

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Tom Hougaard

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Tom Hougaard

This book is a  is an intimate insight into one of the most prolific high-stake retail traders in the world.  

Buy on amazon

Rich Dad Poor Dad - Robert Kiyosaki

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Tom Hougaard

The Psychology of Trading - Brett N. Steenbarger

The book is based on Kiyosaki's personal experience and offers insights on how to achieve financial independence and build wealth. 

Buy on amazon

The Psychology of Trading - Brett N. Steenbarger

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Tom Hougaard

The Psychology of Trading - Brett N. Steenbarger

T his book explores the role of psychology in trading and provides practical advice for developing a winning mindset. 

Buy on amazon

The Little Book of Common Sense Investing - John C. Bogle

The Little Book of Common Sense Investing - John C. Bogle

The Little Book of Common Sense Investing - John C. Bogle

 This book offers a simple and effective approach to investing that emphasizes low-cost index funds and long-term investing strategies. 

Buy on amazon

Reminiscences of a Stock Operator - Edwin Lefèvre

The Little Book of Common Sense Investing - John C. Bogle

The Little Book of Common Sense Investing - John C. Bogle

 This classic book is a fictionalized account of the life of Jesse Livermore, a legendary trader in the early 20th century.

Buy on amazon

One Up On Wall Street - Peter Lynch

The Little Book of Common Sense Investing - John C. Bogle

The Black Swan - Nassim Nicholas Taleb

 This book offers a down-to-earth approach to investing and provides practical advice for identifying profitable investment opportunities. 

Buy on amazon

The Black Swan - Nassim Nicholas Taleb

The Black Swan - Nassim Nicholas Taleb

The Black Swan - Nassim Nicholas Taleb

This book explores the role of randomness and unpredictability in financial markets and provides valuable insights into risk management and portfolio optimization. 

Buy on amazon

Unlock the Secrets of Fundamental Analysis with Our Top 10 Best Books - Expert Recommendations!

Fundamental analysis is an essential component of successful investing, as it helps investors to identify companies that are undervalued or overvalued based on their financial performance and other key factors. In this overview, we will introduce you to the 10 best books on fundamental analysis that cover a wide range of topics, including financial statement analysis, valuation, industry analysis, and more.


The books on this list are written by some of the most respected experts in the field of finance, and they offer valuable insights and strategies for anyone looking to improve their fundamental analysis skills. Whether you are a beginner or an experienced investor, these books will provide you with the knowledge and tools you need to make informed investment decisions.


In the following sections, we will provide a brief overview of each book on this list. From understanding financial statements to evaluating industry trends, these books will help you to develop a solid foundation in fundamental analysis and become a more successful investor.

TOP 10 fundamental analysis books

Value Investing: A Comprehensive Beginner's Guide - Freeman Publications

Value Investing: A Comprehensive Beginner's Guide - Freeman Publications

Value Investing: A Comprehensive Beginner's Guide - Freeman Publications

 This book provides a beginner-friendly introduction to value investing and fundamental analysis, covering everything from financial statements to stock valuation techniques. 

Buy on amazon

Security Analysis - Benjamin Graham and David Dodd

Value Investing: A Comprehensive Beginner's Guide - Freeman Publications

Value Investing: A Comprehensive Beginner's Guide - Freeman Publications

 This comprehensive guide to investment analysis provides a detailed look at the principles of value investing and offers practical advice for identifying undervalued securities. 

Buy on amazon

Financial Statements: A Step-by-Step Guide - Thomas R. Ittelson

Value Investing: A Comprehensive Beginner's Guide - Freeman Publications

Financial Statements: A Step-by-Step Guide - Thomas R. Ittelson

This book provides a beginner-friendly introduction to financial statements and offers practical tips for analysing financial data and is beginner-friendly introduction

Buy on amazon

Quality of Earnings - Thornton L. O'Glove

Common Stocks and Uncommon Profits - Philip A. Fisher

Financial Statements: A Step-by-Step Guide - Thomas R. Ittelson

This book offers insights into how to assess the quality of a company's earnings, and provides practical advice for identifying red flags and potential risks. 

Buy on amazon

Common Stocks and Uncommon Profits - Philip A. Fisher

Common Stocks and Uncommon Profits - Philip A. Fisher

Common Stocks and Uncommon Profits - Philip A. Fisher

This book provides an in-depth look at Fisher's approach to investing, which is based on fundamental analysis and a focus on growth-oriented companies. 

Buy on amazon

The Little Book of Valuation - Aswath Damodaran

Common Stocks and Uncommon Profits - Philip A. Fisher

Common Stocks and Uncommon Profits - Philip A. Fisher

This book provides a concise introduction to valuation techniques, including discounted cash flow analysis, and offers practical advice for assessing the value of a company. 

Buy on amazon

The Essays of Warren Buffett: Lessons for Corporate America- Lawrence A. Cunningham

Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - H Schilit

The Essays of Warren Buffett: Lessons for Corporate America- Lawrence A. Cunningham

This book is a collection of essays by legendary investor Warren Buffett, and provides valuable insights into his approach to fundamental analysis and value investing. 

Buy on amazon

Value Investing: From Graham to Buffett and Beyond - Bruce C. N. Greenwald

Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - H Schilit

The Essays of Warren Buffett: Lessons for Corporate America- Lawrence A. Cunningham

This book provides a comprehensive guide to value investing, covering everything from the basics of financial analysis to advanced valuation techniques. 

Buy on amazon

Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - H Schilit

Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - H Schilit

Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - H Schilit

 This book provides insights into how companies can manipulate their financial reports, and offers practical advice for identifying red flags and potential risks. 

Buy on amazon

The Warren Buffett Way - Robert G. Hagstrom

The Warren Buffett Way - Robert G. Hagstrom

Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - H Schilit

This book provides an in-depth look at Warren Buffett's investment philosophy and offers practical advice for identifying undervalued securities and building a successful investment portfolio. 

Buy on amazon

Want to take it to the next level?

Courses

Unlock the Secrets of Technical Analysis with Our Top 10 Best Books - Expert Recommendations!

Technical analysis is a method of evaluating financial markets by analysing statistical trends and price movements using charts and other technical indicators. In this overview, we will introduce you to the 10 best books on technical analysis that cover a wide range of topics, including charting techniques, pattern recognition, trend analysis, and more.


The books on this list are written by some of the most successful traders and technical analysts in the world, and they offer valuable insights and strategies for anyone looking to improve their technical analysis skills. Whether you are a beginner or an experienced trader, these books will provide you with the knowledge and tools you need to make informed trading decisions.


In the following sections, we will provide a brief overview of each book . From understanding chart patterns to using technical indicators, these books will help you to develop a solid foundation in technical analysis and become a more successful trader.

10 best books: technical analysis

Technical Analysis of the Financial Markets - John J. Murphy

Technical Analysis of the Financial Markets - John J. Murphy

Technical Analysis of the Financial Markets - John J. Murphy

 This comprehensive guide teaches readers how to use technical analysis to analyse financial markets and make informed trading decisions. 

Buy on amazon

Japanese Candlestick Charting Techniques - Steve Nison

Technical Analysis of the Financial Markets - John J. Murphy

Technical Analysis of the Financial Markets - John J. Murphy

This book provides an in-depth guide to Japanese candlestick charting, which is a popular method of technical analysis

Buy on amazon

Technical Analysis Explained - Martin J. Pring

Technical Analysis of the Financial Markets - John J. Murphy

Technical Analysis Explained - Martin J. Pring

This book provides an accessible introduction to technical analysis and covers a range of topics, from chart patterns to indicators and oscillators. 

Buy on amazon

The New Trading for a Living - Alexander Elder

The New Trading for a Living - Alexander Elder

Technical Analysis Explained - Martin J. Pring

This book offers a practical approach to technical analysis and provides valuable insights into risk management and trading psychology. 

Buy on amazon

Trading Price Action Trends - Al Brooks

The New Trading for a Living - Alexander Elder

Trading Price Action Trends - Al Brooks

This book offers a detailed guide to price action trading and provides practical advice for identifying and trading trends. 

Buy on amazon

Market Wizards - Jack D. Schwager

The New Trading for a Living - Alexander Elder

Trading Price Action Trends - Al Brooks

This book is a collection of interviews with some of the most successful traders and provides valuable insights into their trading strategies. 

Buy on amazon

The Art and Science of Technical Analysis - Adam Grimes

The Encyclopedia of Technical Market Indicators - Robert W. Colby and Thomas A. Meyers

The Art and Science of Technical Analysis - Adam Grimes

This book explores the principles of technical analysis in-depth and provides practical advice for building a profitable trading system. 

Buy on amazon

Charting and Technical Analysis - Fred McAllen

The Encyclopedia of Technical Market Indicators - Robert W. Colby and Thomas A. Meyers

The Art and Science of Technical Analysis - Adam Grimes

This book provides a comprehensive introduction to technical analysis and covers a range of topics. 

Buy on amazon

The Encyclopedia of Technical Market Indicators - Robert W. Colby and Thomas A. Meyers

The Encyclopedia of Technical Market Indicators - Robert W. Colby and Thomas A. Meyers

The Encyclopedia of Technical Market Indicators - Robert W. Colby and Thomas A. Meyers

This book provides a comprehensive guide to technical indicators and oscillators and their applications in trading. 

Buy on amazon

Trading in the Zone - Mark Douglas

Trading in the Zone - Mark Douglas

The Encyclopedia of Technical Market Indicators - Robert W. Colby and Thomas A. Meyers

This book explores the role of psychology in trading and provides practical advice for developing a winning mindset. 

Buy on amazon

Our Top Brokers

See Promotions
See Promotions
  • Terms and Conditions

Disclaimer


The information contained on this website is for general information and entertainment purposes only. The information is provided by InvestSTARS and while we endeavor to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.


In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.


Through this website, you are able to link to other websites which are not under the control of InvestSTARS. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.


Investment in securities and other financial products involves risks, and you should consult with a professional financial advisor before making any investment decisions. The value of your investments can fluctuate, and you can lose money.


The information and opinions contained on this website do not constitute investment advice and are provided for entertainment purposes only. InvestStars is not responsible for any investment decisions made based on the information provided on this website.

This disclaimer constitutes an essential part of this website and the information contained on this website is subject to change without notice. Your use of this website indicates your acceptance of this disclaimer.

 

A group of professors from the University of California conducted research on day trading, analyzing 3.7 billion trades on the Taiwan Stock Exchange between 1992-2006. Their study, titled “Do Day Traders Rationally Learn About Their Ability?” and published in 2014, found that only 9.81% of day trading volume was generated by predictably profitable traders, and that these traders make up less than 3% of all day traders on an average day. (Barber et al., 2014)


A 2005 article in the Journal of Applied Finance, titled “The Profitability of Active Stock Traders,” researched by professors from the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading in the US markets between March 8, 2000, and June 13, 2000, only 50% were profitable, with an average net profit of $16,619. (Garvey and Murphy, 2005)


In another study, conducted by professors at the University of Texas and published in the Financial Analysts Journal in 2003, 334 brokerage accounts day trading in the US markets between February 1998 and October 1999 were analyzed. The study, titled “The Profitability of Day Traders,” found that only 35% were profitable, and only 14% generated profits in excess of $10,000. (Jordan and Diltz, 2003)


The range of results in these three studies underscores the challenge of determining a definitive success rate for day traders. However, these studies suggest that at least 50% of aspiring day traders will not be profitable. This reinforces the notion that consistently making money trading stocks is not an easy task. It's worth noting that day trading is a high-risk activity that could lead to the loss of your entire investment, and any trade or investment is made at your own risk.


It is essential to understand that all information discussed is purely for educational and informational purposes. None of the information should be considered tax, legal, or investment advice, and any referral to a stock or commodity is not an indication to buy or sell that stock or commodity.


Please note that the above summary is not exhaustive and does not represent the full Disclaimer. Please read the complete disclaimer for more information.


References: Barber, B., Lee, Y. I., Liu, Y. J., & Odean, T. (2014). Do Day Traders Rationally Learn About Their Ability? SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636

Garvey, R., & Murphy, A. (2005). The Profitability of Active Stock Traders. Journal of Applied Finance, 15(2), 44-56. https://ssrn.com/abstract=908615

Jordan, D. J., & Diltz, J. D. (2003). The Profitability of Day Traders. Financial Analysts Journal, 59(6), 85-94. https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578


Please see the full terms and conditions.

Copyright © 2023 InvestSTARS - All Rights Reserved

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

DeclineAccept