The following list of books is a must-read. In this article, I will present you with the top day trading books and the best value investing books I have ever read. Regardless if you do day trading, swing trading or even longer-term trading; they are security independent, and apply to forex trading, stock trading, commodity trading, futures, or currency (including cryptocurrency) trading.
I will provide you with the top 5 books, and I will give them to you in the correct reading order, as the order is significant if you want to get started quickly and improve by acquiring the right knowledge at the right time.
In this article, I want to help you find the best readings that you could find if you are going to source books with trading strategies that work. Here is a list of my favorite technical analysis books which I advise to read in this exact order.
Warning
This is no financial advise, all the content and the ideas present in this page and all the other pages of the website do not guarantee financial success and may lead to a loss of your money. You should always do your own due diligence before trading or seek professional advise.
Some of the links available in this page may generate a commission for the author.
The best trading book of all time
Japanese Candlestick Charting Techniques

Why this Book rather than Other Candlestick Books?
Steve Nison is the one who brought Japanese Candlesticks techniques to the western world. He is the one who did all the translations from the original Japanese texts, and every resource that you can find online comes from Steve Nison’s material. I would really advise not to invest in anything else other than Steve Nison books (of which I have two listed in this article as I am very fond of Steve’s products and techniques).
Also, this book is straightforward to understand if you have no experience. It will get you started straight away and will immediately give you strategies that are very simple to understand, yet practical, and I am still amazed by how silly I have been by underestimating its importance when I first read it.
Content of the Book
Cons of this Book
I do struggle to find disadvantages of reading this book as it applies to everyone from the intraday trader and swing trader who wants to trade every security. It does not matter if you are a forex trader, a stock trader, a futures trader, or everything else trader.
Obviously this, like all the books that talk about money and wealth, is not a cheap book and certainly not the most competitive about Japanese Candlestick trading, but it certainly is worth its price as it could not only make you gain money by trading in the market, but it will also make you save money. It is undoubtedly more affordable than a $300.00 training video and most importantly, it comes from the only reputable source on this topic, at least in the western world.
The only cons of this book are buying it and leaving it on the shelf as I did one year ago when I did not know what I was doing. :o)
Skimmer Box
Japanese Candlestick Charting Techniques
- Steve Nison brought Japanese Candlesticks techniques to the western world.
- An excellent historical overview of the Japanese candlesticks
- Introduces various forms that can indicate a reversal of a market trend.
- The book is rich in examples of real scenarios.
- No cons, but it is certainly worth the price when it comes from such a reputable source.
- Candlesticks Charting Techniques by Steve Nison
Best day trading and swing trading book
Mastering the trade

Content of the Book
The book begins with two chapters that go in-depth into the psychology behind trading, which is extremely important to understand, above all, from your psychology perspective as you will need to analyse yourself objectively and change if you notice any of the aspects that are covered in this chapter that are not correct.
This books really opens your eyes towards what you should and should not do, which is why I propose it as the second most influential book. Japanese Candlestick Charting Techniques does not cover these topics with the same emphasis as this book does, and this is another crucial aspect that separates winners from losers in this game.
The third chapter talks about the hardware and software setup for traders, but the juicy part comes from Chapter 4 as it begins to talk about the mechanics of futures and commodity markets and continues with stock options and how to trade them.
The last chapter of the first part is all about the stock market and how to predict its direction throughout the trading day, which makes this one of the best books for intraday trading and stock market technical analysis books.
The second part of the book begins with the best intraday and swing-trading setups for futures, stocks, options and forex and it talks about opening gaps, which we know are not common in forex.
It is still immensely useful to forex traders as well, because it also covers the best strategies for people who cannot trade full time, and we know that Forex, in this case, is the one that offers the best opportunities because it works 24/7.
Then the book develops in so many intricate parts, which are a little technical (that is why this is not the first book to be bought, in my opinion) and it is so broad that each trader, regardless what kind of security is trading, will benefit from.
It discusses pivot points; tick fades, also known as how to take money from newbies…
I know, this sounds a little mean, but after all that is the nature of trading as I say here (which is why you want to read books like this and make your ‘newbieness’ last the short possible amount of time). Exit strategies, entry strategies to get the best before big market moves, catching the waves, in other words, techniques for swing traders, and how not to be kicked off too early from a winning trade. It also covers the best strategies for those who are defined scalpers (in other words, speculators).
I could continue forever as the second section of this book covers so many aspects of trading that we cannot even imagine and has recommendations for every trader, of every security, in every timeframe.
The third part of the book is dedicated to the business side of trading as trading is business if done for a living, and I keep linking the same article as it is heavily inspired by this book as well.
The third part is not as long as the first and the second, but it is essential and if I were John F. Carter I would have created an entire book about it as this part is essential for you to succeed in trading!
In my opinion, not only this is the number one amongst the good stock market books, but it is necessary along with Steve Nison’s books.
Cons of this Book
I must admit that a new edition of this book was published meanwhile and I only have the previous version; therefore I do not know what updates were brought to the hardware and software part, but with the advent of tools like TradingView I did find that chapter a little outdated, but quite frankly, it is just one chapter of an immensely useful book. Probably someone a little less technology savvy than myself, would still find it beneficial to read it mostly because the author also goes through the computer to use (hence computer buying) for this purpose and maybe the new version also has something more up to date in that chapter. The core of this book is certainly not the software and hardware part, but everything else, so I do not see this being a big issue. You can skip that chapter if you do not feel the need to be instructed about hardware and software (I admit, I have skipped a big part of that chapter).
Yes, this is another book that I can only recommend buying and reading as I have not seen any of these concepts being explained anywhere else and this makes it one of the best day trading books of all time.
Skimmer Box
Mastering the trade
- Very important in changing mindsets towards trading and money in general.
- Covers Hardware and software setup for traders; mechanics of futures and commodity markets and continues with stock options and how to trade them; the stock market and how to predict its direction throughout the trading day.
- It discusses pivot points; tick fades, also known as how to take money from newbies.
- Con: a new edition of this book was published but with the advent of tools like TradingView that chapter was a little outdated.
- Mastering the Trade by John F. Carter
The king of Technical analysis of Stocks Books (or forex, or Futures or Everything else)
Technical Analysis of the Financial Markets
I am sure that this book does not need introductions, as some classify it, as one of the best futures trading books. In reality, this book is about Technical Analysis in general and could be easily ranked as one of the best currency trading books, or one of the best stock technical analysis books, or again one of the best forex technical analysis books and why not one of the best books on commodity trading. In reality, it is all of them. In just one book!
John J. Murphy is the author of this book, and it indeed covers everything, everything about price action in the charts but without forgetting the major indicators and oscillators.
Content of the Book
After a brief introduction and comparison between technical and fundamental analysis, it goes straight to the exciting bits; such as the dow theory, chart construction, covering topics such as candlesticks, arithmetic and logarithmic scales, the development of bar charts (which you would already know thanks to the Japanese Candlestick Charting Techniques), volume and futures. Yes, this book really specialises on futures, but this really does not change for other types of securities.
Once these topics are covered (by the way, they do not go in great detail as you can find in the Candlestick Charting Techniques book from Steve Nison), it finally goes to where somebody defines us as “the people who draw triangles in charts”.
Yes, the mere and pure technical analysis stuff that you see me and many other YouTubers drawing before your eyes every day in our videos.
At this point, the book goes from the basics such as the trend to the most difficult things; covering topics that you would probably not even see technicians discussing, meaning, it is complete!
It goes through the significant reversal patterns and here is where you would see the benefits of having started with Steve Nison’s book as you will already know these concepts and will find that you are already making more profit than if you had used only the information available in this book (which is still essential as it will extend your western patterns knowledge, hence your trading arsenal).
It then goes through the continuation patterns and volume, all things that you will already know from Steve Nison’s book, but here they are explained in more detail, from a different perspective, and will make you have a couple of ‘aha’ moments when combined with the things that you already know from Steve Nison’s book.
This book also covers long-term charts and to a certain extent tries to define notions of time (or when things are likely to happen), making this book perfect for investors as well. Do not forget that if you want to be an investor, it is still essential to know when not to enter the market. After the charts, the book touches on Moving Averages, Oscillators and due to its age, even things that people do not use anymore in modern trading, but are still fascinating to know and who knows just because they are forgotten by many, could even give you an edge against other traders.
The book also covers Japanese Candlesticks, but it is just 10 pages out of over 500, so you should not expect much and would be able to skip them at this point if you have read these books in the order that I recommend.
The Elliott Wave Theory also is covered in this book, but in just a way that would make you want to learn more and forget about everything else. (Yes, this book is one of the reasons why I erroneously ignored Japanese Candlestick Charting Techniques pursuing the Sacred Graal of the Elliott Wave).
You will find later the Elliott Wave book that I recommend, and really, you can be successful traders even without knowing it, so do not fall in the same trap I fell into a few years ago.
The following chapters are about time cycles, software and money management tactics, and after that, you will see that it goes through the different aspects of stock and futures markets, more indicators and then again to money management and the right psychology that you should have to be a successful trader.
If you want to know how the indicators that you are using on TradingView work, probably this is the best book where you can find it.
If you want, you can also buy the companion to this book, which is called ‘Study Guide For Technical Analysis Of The Financial Markets‘ as this small book comes with tests that you can take, based on the information found in the main book.
I have bought both, and I have tried the challenge many times as technical analysis is very rich in things to remember and consider, and it is always good to sharpen your skills from time to time.
Cons of this Book
Despite being an incredibly useful book, rich in valuable information, I believe it feels the age of the content.
Also, I believe that this book wants to cover too much, but sometimes it just introduces some topics and could create the effect of wanting to know more about a particular thing (in my case it was the Elliott Wave) disregarding other vital things, always present in this book.
Regardless of this little detail, this 500 pages long book, is handy as it gives you all you need to know about technical analysis, and it is uncertainly amongst the best price action trading books that you can buy, even when it comes to forex books despite the fact that they are not in its content, but technical analysis is the same regardless of timeframes and types of security.
Skimmer Box
Technical Analysis of the Financial Markets
- Has a brief introduction and comparison between technical and fundamental analysis, then goes into such topics as the dow theory, chart construction, candlesticks, arithmetic and logarithmic scales, the development of bar charts, volume and futures.
- It goes through the significant reversal patterns, then on through the continuation patterns and volume. It also touches on Moving Averages, and Oscillators.
- If you want to know how the indicators on TradingView work, this is the best book.
- Con: age of content and tries to cover too much.
- Technical Analysis of the Financial Markets by John J. Murphy.
The best book for share markets
Beyond Candlesticks

Content of the Book
Along with going through more or less the same introduction of its predecessor (after all, if this is a standalone book it is evident that some information is repeated), this book does not cover the essentials in as great detail as the previous book from Steve Nison.
It is also amazing to see how much more information can be taken from candlesticks.
The book is essentially providing more information about what you already know regarding candlesticks; for instance, you often hear me say that there are hidden resistance/support areas within a long candle. This is an example of what you will find in this book.
Steve shows other ways to draw candles, which is more interesting than practical.
In the book, it also explains the relationship between price levels and candle bodies; spinning tops are described in great detail in this book and all their implications.
The book goes through accumulation and distribution read in the candles, and after the bodies, we can read a great deal about shadows.
Obviously, the book goes through the patterns as we can see in the first book, but with some details that we always need to know to improve our knowledge, bringing new examples of real scenarios, and explaining why and what is right or wrong.
The first book explained how to use candlesticks with western technical analysis tools, but in this book, you would see more Japanese influence, and you will see terms like ‘becoming a market chameleon’ which is very intriguing and will explain exactly what you would understand by the title. It explains the risk and reward concept, and all those psychological aspects that were not brought in the first book.
In other words, you should consider this as a master in candlesticks, and I must admit, I loved this book as much as the first one.
Probably these two books from Steve Nison alone would suffice in making you a great trader, but I want you to get the best of both western and eastern worlds; hence this book takes only fourth place.
Cons of this Book
As for the first book, it is hard to find cons; however, some redundancy between the two books occurs, but quite frankly, you should expect it. After all, I do not find it negative as going through the same concepts may refresh your memory as you cannot possibly remember all these books 100%.
Skimmer Box
Beyond Candlesticks
- This could easily be your second and last book if you do not mind western techniques and are disciplined.
- Details on candlestick trading and it makes it very suitable for every security and timeframes.
- Other ways to draw candles.
- Consider this as a master in candlesticks.
- Cons: Some redundancy
- Beyond Candlesticks by Steve Nison.
The Best Book About Elliott Wave
Elliott Wave Principle
This book by Frost and Prechter is the absolute best book about trading using the Elliott Wave principles!
Elliott Wave seems a straightforward thing; three impulse waves, two corrective waves… and it is precisely what this book goes through… in just 250 pages of small text!!
Now, I do not want you to be put off by the size of the text, it is more than readable, but thanks to the size of the text it looks like a small manual, which in reality, hides tons of concepts and things that in order to be grasped, you need to iterate several times.
The complexity of the Elliott Wave is disarming!
Content of the Book
Cons of this Book
Well, except for the fact that this book is not for beginners, I am unable to find any cons at all.
It is overly complicated and requires lots of experience. You may also decide to never know the Elliott Wave and save money, but I would read this book as well if I were you.
Skimmer Box
Elliott Wave Principle
- Elliott Wave is a straightforward thing; three impulse waves, two corrective waves.
- Talks about tenets, the motive, the corrective waves, and all their variations.
- Discusses the randomness of these waves, such as the alternation law, channelling, the ‘right look’, and the wave personalities.
- Applying calculations of the beginning and the end of these waves based on the Fibonacci sequence and concepts such as retracements, motive waves, and corrective waves.
- Cons: None except for being not for beginners.
- Elliott Wave Principle by Frost and Prechter
Conclusion
With this, I conclude the list of the top 5 trading books, whether you do swing trading, day trading, Stock trading, forex trading, cryptocurrency trading, or anything else.
These books are all about emotions, and these emotions never change across securities.
The important thing is to buy these books in the order that I present to you as otherwise you may struggle and slow down your progress as an analyst.
I am giving you a lifetime worth of books to read and reiterate periodically.
I have developed a free candlestick scanner for you to use on TradingView, along with the instructions to set it up and to set up TradingView for paper trading, which is an entirely risk-free way to trade (with “Monopoly” money). You place orders with a fake portfolio in the real exchange. Your wins and losses are real as they are placed in the real world, but you do not really make or (more importantly) lose money.
You can join me in the Promising Traders tribe and meet likeminded people who want to reach their goals through trading.
I will occasionally talk about money and business and not only trading, and I will do my best to provide you with the best strategies that I know with the intent to help you in becoming a market demon!