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The Best 7 Books to Teach You How to Day Trade

Day trading is an exciting endeavor, but there are many more risks than benefits to the process. If you’re determined to become a day trader, you must educate yourself as much as possible to ensure you raise your chance to earn money. What are some of the best books on the market to learn about day trading? 

If you’re interested in learning more about some of the best books to purchase that will educate you on day trading, you’re in the right place. From guides for beginners to how to make a profit off the experience, we recommend these seven books if you want to learn as much as possible before participating in this endeavor.

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1. A Beginner’s Guide to Day Trading Online

Our first recommendation is A Beginner’s Guide to Day Trading Online by Toni Turner, an excellent choice for those just starting on their day trading journey. This book might be an entry-level selection, but it’s also practical for those who are masters at the process and need to tune up their skills.

Here are some things you’ll learn in this book:

      Pointers on setting everything up

      Profit mentality

      Account-building fundamentals

The best thing about this book is that it provides all the basics to create an excellent foundation. Once you’ve read A Beginner’s Guide to Day Trading Online, you can invest in other books to build upon your skills. 

Related: New York Stock Exchange Looks at 24 Hour Trading Model

2. How to Day Trade for a Living

Next up is How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline, and Trading Psychology by Andrew Aziz. This book is another fundamental, but it’s targeted at intermediate and beginner traders alike.

Here are a few things you’ll learn in this book:

      Fundamentals of day trading

      Classic strategies for day traders

      Straightforward advice and tactics

This book is full of excellent information. If you want someone to tell it straight, you will enjoy How to Day Trade for a Living. The author is honest about what you need to do to get better at the process, which - hint - involves practicing your skills and not just reading.

3. High Probability Trading

High Probability Trading: Taking the Steps to Become a Successful Trader by Marcel Link is another excellent resource to have on hand before getting into day trading. It’s an ideal book for surviving the first few and the riskiest months of day trading.

Here are a few things you’ll gain in this book:

      No-nonsense advice

      Information about the reality of trading

      Real-life examples

High Probability Trading is excellent for everyone, from day traders to those who want to participate in more trading experience over the long haul. It’s a practical resource for those who don’t mind hard-hitting advice and want to know what they’re getting into from the get-go.

4. Trading in the Zone

Another recommendation is Trading in the Zone: Master the Market With Confidence, Discipline, and a Winning Attitude by Mark Douglas. This book is practical for those struggling with their trading experience and who want to take on the market with top-notch skills and more.

Here are a few things you’ll learn in this book:

      Myths in the market

      Reason for lack of trader consistency

      Tips for comfort in market movement

This book is a lifesaver for the nervous trader. Mark Douglas is a staple in the day trading world, and this book is excellent for those who want to boost their confidence. Trading in the Zone will help you understand risks while improving your confidence at the same time.

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5. How to Day Trade Stocks for Profit

Next up is How to Day Trade Stocks for Profit by Harvey Walsh. This book has an excellent focus on day trading and has all the necessities you need to trade effectively despite the semi-cheesy cover appearance. It’s simple and doesn’t try to confuse beginners with the jargon associated with more advanced trades.

Here are some things you’ll gain in this book:

      Reasons why traders lose

      Starting with no risk

      Golden rules for trading

This novel is a valuable selection. If you want to start from the beginning and gain the fundamentals, this novel is for you. How to Day Trade Stocks for Profit is what it sounds like - it’s designed to make you money.

Related: Blackrock’s CEO Talks About Tokenizing the Stock Market

6. The Disciplined Trader

Another excellent selection is The Disciplined Trader: Developing Winning Attitudes by Mark Douglas. As the title suggests, this book is about the psychological nature of successful traders, helping those who want to succeed to adopt the necessary mindset.

Here are a few things you’ll learn in this novel:

      Practical steps for changing a mindset

      Understanding why certain mindsets are limited

      Tips for success at trading

These are excellent items for traders. The more disciplined you are in your mindset, the more success you can have. The Disciplined Trader is excellent for those who need help in this department.

7. Technical Analysis of the Financial Markets

Our final selection is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. This book is a thick textbook option for those who want to gain a complete perspective on the market.

Here are some items you’ll gather in this book:

      Comprehensive guide to the market

      Chart patterns

      Trading psychology

If you have a mechanical-minded brain, this could be the perfect selection for you. A note - it might not be for everyday traders, especially beginners.

Final Thoughts

From thick analysis books to beginner novels ready to get your day trading experience off the ground, these seven are the best selections for your money. You don’t need all of them, but if you’re determined to learn as much as possible, we recommend multiple selections.

We hope this information was valuable! Although the day trading market can be relatively unpredictable, it’s possible to educate yourself and make smarter decisions along the way. We are confident there is a book among these that will help your experience.

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