Best swing trading books you should read:
“How To Swing Trade” — Andrew Aziz and Brian Pezim;
“Swing Trading for Beginners: 7 Golden Rules for Making a Full-Time Income” — Jeff McMillan;
“Mastering the Trade” — John F. Carter;
“The Psychology of Trading” — Brett N. Steenbarger;
“The Master Swing Trader” — Andrew Aziz and Brian Pezim.
To be successful and make a consistent living from swing trading, a trader must put in a lot of effort. Because swing trading is not a self-taught skill, every potential swing trader should prepare to learn how to trade through a source. By purchasing and reading the best swing trading books, you can also get started on the road to becoming a swing trader.
Over time, reading the top swing trading books can help you develop into a seasoned trader. In fact, you can design trading steps and develop your own unique trading strategy after learning the concepts.
What are the best books for swing traders? You will find ten such books on swing trading in this article. Dive in!
How To Swing Trade
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Best for: Beginners. Professionals
Author: Andrew Aziz and Brian Pezim
Price: $17.06
Andrew Aziz and Brian Pezim's swing trading book is arguably one of the most widely read. While Brian Pezim is a retail trader who began trading in 1967, Andrew Aziz is a Canadian trader, investor, and recognized member of the Forbes Business Council. In the Bear Bull Traders community, Brian is an active trader and also serves as a mentor. They both have a reputation for producing best-selling trading books.
Every swing trader needs the book "How to Swing Trade" to comprehend the swing trading methodology. It is a book for beginners and professionals whose aim is to be the best at swing trading. The information in this book will help you understand where and how to begin, what swing trading entails, and how you can do it.
Swing Trading for Beginners
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Best for: Beginners
Author: Jeff McMillan
Price: $13.99
Swing Trading for Beginners by Jeff McMillan is a further outstanding swing trading book for beginners. Jeff McMillan has extensive knowledge of using analytics, data, and AI. He is Morgan Stanley Wealth Management's managing director and chief analytics and data officer. As a result of his exposure to various financial portfolios and trading experience, he also promotes growth and efficiency throughout the wealth management industry.
In this book, Jeff offers seven guidelines for swing traders who want to be successful. This book delves deeply into the crucial step that brand-new traders must take before beginning to trade. This book covers the best brokerage account for swing traders, the deposit required to open an account, and the ideal entry level for a swing trading position.
You'll learn several cutting-edge swing trading techniques and strategies when you pay close attention to this important component. There are hints on how to find top traders to follow on social media platforms, making it the best book for swing trading.
Mastering the Trade
Amazon Link: Preview and purchase it here
Best for: Beginners and Professionals
Author: John F. Carter
Price: $53.74
John Carter is another top author of one of the best books for swing trading, titled "Mastering the Trade." John is well-liked in the community of forex traders as an effective educator. He gives lectures at various financial trading conferences and training sessions.
Mastering the Trade is one of John's best books for swing traders. This book is ideal for beginner and intermediate traders who want to learn the fundamentals of trading markets. It goes on to teach traders ways to decipher when an asset is going to gain or lose value. Additionally, it applies this knowledge through the use of real-world examples and suggestions, as well as insights from several successful swing traders.
This new edition of Mastering the Trade contains the most recent information on swing trading and how to execute the best trades under any condition. John offers a thorough market overview of trading concepts and strategies. It includes tried-and-true setups with ideal markets and non-negotiable trading rules. These include the exact entry, exit, and stop-loss levels for swing and intraday trading, Skew to VIX, and so on.
Top 25 Trading Books for Novice Traders
The Psychology of Trading
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Best for: Beginners
Author: Brett N. Steenbarger
Price: $39.70
According to the author of "The Psychology of Trading," trading demands a trader's response to real life theories or logic. And the education a person receives as a child before becoming an adult contributes to this attitude.
Active trader Brett Steenbarger also covered market-watching methods and resources in this book. Swing trading entails a critical evaluation of real-world events from both a positive and negative angle by a human being.
Trading is challenging and risky. In real life, avoiding risks is the best course of action, but trading calls for a different approach. The first thing you hear when trading is to master how to manage risk or to find the most suitable risk management strategy.
So this book offers a mirror into the mind in addition to modern, scientific knowledge about psychology. It broadens the scope of knowledge about how human nature interferes with trading decisions. This book offers new perspectives on how our interactions with the market are, in fact, deeply personal.
The Master Swing Trader
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Best for: Beginners, intermediate, Advanced
Author: Andrew Aziz and Brian Pezim
Price: $40.80
If you're considering a swing trading career, "The Master Swing Trader" by Alan Farley is one of the best swing trading books you should read. In this book, Alan teaches traders short-term trading strategies from a private trader and technical analyst perspective.
Any aspiring swing trader who wants to understand the swing trading methodology and get started trading should have this book. You can learn how to analyze the market by reading charts, using chart patterns, and getting a sense of market sentiment.
Farley shows readers how to profit from short-term trading opportunities using practical trading strategies and examples.
Swing Trading for Dummies
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Best for: Beginners
Author: Omar Bassal
Price: $14.99
Among the popular swing trading books you can find online, one of the books you will be glad to study is Swift Trading for Dummies by Omar Bassal. Omar's rich experience made him the former head of the asset management division of one of the largest banks. He is a top trader.
He owns an asset management company that places trades using his stock screening algorithm. His books are among the best trading resources for "dummies" because of his track record of profitable trades. This book has three sections:
Fundamental Analysis, including how to screen for and evaluate the most promising stocks
Money management, portfolio construction, and diversification
Financial concepts are made easy to understand in this book. This is the type of book you should have in your library and end up on your list of top swing trading books.
The Ultimate Guide to Swing Trading
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Best for: All Trader Levels
Author: Steve Burns and Holly Burns
Price: $15.99
Steve Burn's blockbuster series “The Ultimate Guide to Swing Trading” incorporates other top-rated trading topics. This series includes the Ultimate Guide to Technical Analysis and the Ultimate Guide to Candlestick Chart Patterns. Burns, a renowned author of over seventeen trading and financial books, used this book to make swing trading easy for potential traders.
The Ultimate Guide to Swing Trading is one of the best swing trading books available in various online bookstores. Additionally, it covers every facet of swing trading, and you'll discover some of Burns' trading tactics and strategies. You will learn the correct risk-reward ratio for swing trades and how to create a trading plan with the psychology behind swing trading.
Swing Trading as a Part Time Job
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Best for: All Trader Levels
Author: Brett Brown
Price: $25.49
Another book on swing trading that helps a trader understand the basics is “Trading as a Part-Time Job.” In bookstores, this book is among the best resources for swing traders. If you pay attention to Brett Brown's swing trading strategy and how it differs from day trading and position trading, it will be simpler for you to begin trading on time.
You'll learn how to pick a broker, trade stocks and options, and spot trends on charts. Studying this book will generally advance your understanding of technical analysis. You can streamline your trading with the aid of this book and generate consistent profits without having to spend the entire day in front of a computer trading short-term, volatile moves.
In a nutshell, this book offers the most evident and straightforward explanation of the fundamental ideas and swing trading best practices that you will likely find.
In Depth Guide to Price Action Trading
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Best for: Intermediate and advanced traders
Author: Laurentiu Damir
Price: $19.9
The best swing trading books include Laurentiu Damir's In-Depth Guide to Price Action Trading. This is a remarkable book for swing traders looking for a knowledgeable manual.
The swing trading approach of Laurentiu Damir appears to maintain a proper risk-reward ratio better than the use of complex technical analysis tools and trading strategies.
You discover how to find the best entry and exit points using chart patterns and Fibonacci support and resistance levels.
Swing Trading: Tips and Tricks, Best Techniques and Principles, Advanced and Effective Strategies to Execute Swing Trading
Amazon Link: Preview and purchase it here
Best for: All Trader Levels
Author: William Riley
Price: $18.99
Swing Trading by William Riley is also a top buy for traders and among the best swing trading books you should not miss out on reading. The reader gets top-notch techniques and principles that they can use to become swing traders in this series, thanks to William's thorough explanations in this book.
These are practical techniques that you can start implementing, as they include principles in your journey toward becoming a master swing trader. This book provides information on technical analysis, swing trading price charts, the price chart of a Japanese candlestick, and technical indicators.
Swing trading can lead to a promising career if you follow the best instructions and methods. You can double your capital at a set interval, which over time will increase dramatically.
Though swing trading involves leaving positions open after hours, keep in mind that there are ongoing risks and there could be tradeoffs.
Here are the steps you need to take to develop into a swing trader.
To become a swing trader, you must first familiarize yourself with swing trading. Some of the books mentioned in the article may suffice in this situation. To learn more, read about swing trading and watch videos about it.
To prepare for putting what you have learned so far into practice, open a demo trading account with a reliable trading platform.
It might be necessary to download and install a modern trading platform like Metatrader.
To begin your first demo trade, create an account. With a forex demo account, a trader can mimic a real-world trading environment without taking any real-world financial risks. Start by using the strategies you learn from various sources. Swing trading success is a process that takes time to develop; it cannot be attained overnight. Additionally, this is dependent on,
Trading methods dependability
Ability to implement your strategy successfully, number of trade setups
Size of your position
You must open a brokerage account to start trading with real assets in real time. There are numerous brokerage firms where you can open an account, with prices ranging from expensive full-service to inexpensive service.
Importantly, you must be 18 years old to open this account. Select a brokerage, sign up, and finish the account creation process.
Next, deposit or transfer money after opening a new account. Several brokerage platforms make it simple to link your bank account to an online brokerage account.
Again, you have two choices for funding your account: mailing a check to the broker or writing a check. A different option is to set up an electronic transfer that will directly transfer funds from your bank account to the broker. If the transfer is successful, your brokerage account will be funded, allowing you to start investing.
Note: When choosing between a cash account and a margin account from your broker, you might have to stick with the cash account, especially if you are a beginner. You can borrow money from the broker to make trades when you have a margin account, but there is risk involved, and you'll have to pay interest.
Create daily and weekly routines for analyzing potential trades through charting, research, and scanning for opportunities. Stick to your trading plan. Be patient. Swing trading requires patience to hold positions for the duration of swings and wait for the right opportunities. Don't force trades.
Keep a trading journal and routinely analyze your trades, performance metrics, wins/losses. Identify weaknesses and work to improve.
Continuously improve your knowledge of the markets, news events, and technical/fundamental analysis to adapt and get better. Join trading communities, forums, or groups to exchange ideas, discuss strategies, and learn from others' experiences. Stay hungry.
Swing trading is indeed profitable today and hasn't stopped. The proper trading technique and strategy are all you need to succeed. Swing trading, like any other investment strategy, entails risks, so there are no guarantees.
Depending on your broker and the entry point of the trading platform you intend to use, you can typically swing trade with $1,000 or even less. Swing trading minimums are not regulated by law, but some brokers have a $1000 minimum account balance requirement.
There is no one better swing trader because there are too many traders using various trading strategies, making it difficult to conclude who is the best. However, you restrict your search to the people listed below:
Dan Zanger
Nicholas Vardy
Sean McLaughlin
Fari Hamzei
Mark Minervini
Jim Simons
Swing trading is viewed as a better trading option, especially for novices, because it requires less skill and trading knowledge. Swing trading is cheaper than scalping and requires fewer orders, so traders frequently experience lower trading expenses.
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
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