12 Best Day Trading Books You Should Read

In order to excel in day trading and become a successful trader, you need to acquire a thorough day trading education. Not only will it allow you to learn a great deal about technical analysis, but it will also help you to mitigate risk by coming up with new strategies. Moreover, the best way to achieve it is undoubtedly studying day trading books.

You need to get your hands on day trading books that allow you to build confidence and avoid costly errors. Unfortunately, you don’t get the right book recommendations from the book retailers and librarians because they’re not day traders. That’s where this article will come into play to save your day.

After comprehensive analysis and market research, we have compiled a list of the best day trading books. Depending upon your needs, you can choose any of the following book options to take your day trading game to another level. So, let’s jump into it.

Why is learning with day trading books effective?

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

	Best for:	Beginners
	Author:	Andrew Aziz
	Andrew Aziz, as mentioned, is one of the most successful authors, and he is also an investor, proprietary fund manager, and trader.
Amazon Link	Book Description This book aims to help professionals who are looking forward to making a career in day trading. It contains information about money management, trading tactics, and tools that help the professionals to mitigate risk and earn more profit.

How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology

	Best for:	Beginners to learn trading Psychology
	Author:	Andrew Aziz
	Andrew Aziz is one of the top 100 best-selling authors in the Business and Finance category on Amazon. He has written multiple books, and he's also a member of the official Forbes council.
Amazon Link	Book Description If you want to build the right mindset for day trading by understanding psychology, this beginner's guide is one of the best books about day trading out there.

A Beginner's Guide to Day Trading Online (2nd edition)

	Best for:	Beginners to learn online day trading
	Author:	Toni Turner
	Toni Turner is a world-renowned educator, bestselling author, and also a professional trader who is dedicated to educating active investors and traders.
Amazon Link	Book Description A beginner's guide to day trading online, as the name suggests, is one of the best books for day trading for the young traders who want to day trade online.

Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves

	Best for:	Professionals for forex trading
	Author:	Kathy Lien
	Kathy Lien is another well-known as well as an internationally published author. She was the previous director of currency research of GFT and FX360 and the managing partner of BKForex.com.
Amazon Link	Book Description Day Trading and Swing Trading the Currency Market is one of the best books for day traders, especially professionals who are interested in forex trading.

The Truth About Day Trading Stocks: A Cautionary Tale About Hard Challenges and What It Takes to Succeed

	Best for:	Wealthy Professionals
	Author:	Josh DiPietro
	Josh DiPietro is also an internationally published author, and his work includes Options, Futures, and Stocks articles for magazines and this book.
Amazon Link	Book Description This book is specially crafted for wealthy professionals with big investments, and it aims to educate them not to jump into the water without learning about the depth and ropes.

Advanced Techniques in Day Trading: A Practical Guide to High Probability Day Trading Strategies and Methods

	Best for:	Professionals who want to make a career in day trading
	Author:	Andrew Aziz
	Andrew Aziz, as mentioned, is one of the most successful authors, and he is also an investor, proprietary fund manager, and trader.
Amazon Link	Book Description This book aims to help professionals who are looking forward to making a career in day trading. It contains information about money management, trading tactics, and tools that help the professionals to mitigate risk and earn more profit.

Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points

	Best for:	Charting
	Author:	Martin J. Pring
	Martin J. Pring is one of the most senior authors and publishers, and he is also the founder of Pring Research.
Amazon Link	Book Description This book contains the information that allows you to spot the market trends and turning points to make the most informed decisions.

The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs, and Forex

	Best for:	Strategy building
	Author:	Markus Heitkoetter
	Markus Heitkoetter is one of the most active traders of the last two decades, and he has written multiple books on trading.
Amazon Link	Book Description It’s one of the masterpieces by Markus Heitkoetter that allows you to learn all the important basics to come up with the most successful trading strategy.

The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success by Ari Kiev

	Best for:	Learning trading psychology
	Author:	Ari Kiev
	Ari Keiv (Late) is considered as one of the experts who understand the trading world the best. An American author who wrote more than 20 books.
Amazon Link	Book Description If you want to understand how the trading world works and how you can blend in perfectly, then this is one of the best day trading books for you.

Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude by Mark Douglas

	Best for:	Market Analysis
	Author:	Mark Douglas
	Mark Douglas was an influencer and still considered as the master of teaching traders. In his career, he helped many people to achieve success.
Amazon Link	Book Description If you want to learn about the market and how to develop discipline, confidence, and the right mindset, get started with this book.

The 1 Hour Trade: Make Money with One Simple Strategy, One Hour Daily

	Best for:	One Hour Trading
	Author:	Brian Anderson
	Brian Anderson is another big name in the trading world with an impressive book that can teach you a lot in the least possible time.
Amazon Link	Book Description If you don't have enough time to spend on day trading, then this is the best book about day trading for you. That's because you will need to spend only one hour daily to earn profit by following a simple strategy.

Getting Started in Technical Analysis

	Best for:	Technical Analysis
	Author:	Jack D. Schwager
	Jack D. Schwager is another successful American author and trader as well with more than 25 published books.
Amazon Link	Book Description This book allows you to understand and perform technical analysis in detail, from types of charts-bar and trading system trends to chart patterns and price analysis.

Top 3 Day Trading Books for Beginners

We believe that beginners need books for day trading that offer a more detailed and step-by-step guide. Based on the quality of information and the reviews, the "top 3-day trading books for beginners: are as followed:

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications
How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
A Beginner's Guide to Day Trading Online (2nd edition)

Top 3 Advanced Day Trading Books for Professionals

Professional traders already know the basics about day trading, and what they need is a more advanced guide that will allow them to reach new heights. For that matter, the top 3 advanced day trading books for professionals are as followed:

Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves
The Truth About Day Trading Stocks: A Cautionary Tale About Hard Challenges and What It Takes to Succeed
How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology

FAQs

Why do you need to read books for day trading?

Books allow you to learn all the important details about day trading that you can use to make better strategies and learn more insights about risk management.

Is day trading difficult?

There is no straightforward answer to this question. If you understand the basics and know the necessary information about day trading, then it's, in fact, one of the easiest trading experiences. On the other hand, nothing is easy if you understand it properly.

Is day trading risky?

Just like all the other types of trading, day trading also comes with risks, and you can end up on the wrong side if you don't do your homework. That's where day trading books can help you a great deal.

Is day trading worth it?

Day trading is most probably the most well-known style of active trading. You can earn a handsome amount of profit as well, but you need to understand how it actually works.

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Day trading

Day trading involves buying and selling financial assets within the same trading day, with the goal of profiting from short-term price fluctuations, and positions are typically not held overnight.

Algorithmic trading

Algorithmic trading is an advanced method that relies on advanced coding and formulas based on a mathematical model. However, compared to traditional trading methods, the process differs by being automated.

Trading system

A trading system is a set of rules and algorithms that a trader uses to make trading decisions. It can be based on fundamental analysis, technical analysis, or a combination of both.

Risk Management

Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.

Options trading

Options trading is a financial derivative strategy that involves the buying and selling of options contracts, which give traders the right (but not the obligation) to buy or sell an underlying asset at a specified price, known as the strike price, before or on a predetermined expiration date. There are two main types of options: call options, which allow the holder to buy the underlying asset, and put options, which allow the holder to sell the underlying asset.

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