Trading books that aren't Liar's Poker
Anyone have any ideas of books (I'd say more textbook rather than novel) on how products are traded?
I ran across a copy of Burghardt & Belton's "Treasury Bond Basis" so I'm using that as my base.
Anyone have any ideas of books (I'd say more textbook rather than novel) on how products are traded?
I ran across a copy of Burghardt & Belton's "Treasury Bond Basis" so I'm using that as my base.
Career Resources
Ide say for the more complex things youll be wasting your time as you will learn how to trade it on the job.
Market Wizards - Schwager New Market Wizards - Schwager Trade your Way to Financial Freedom - Tharp The Logical Trader -Mark Fisher Complete guide to futures market - Schwager Fundamental Analysis - Schwager Technical Anlysis - Swager Welcome to my Trading Room - Alexander Elder Trading in the Zone - Mark Douglass Trader Vic - Victor Sperandeo Risk Arbitrage - Keith Moore How I made $2mm in the stock market - Nicholas Darvas How to make money in stocks - William Oneill
Obviously my bias is towards equities and futures.
"Oh - the ladies ever tell you that you look like a fucking optical illusion?"
.
fiasco- frank portnoy Wall Street Meat- Andy Kessler
above are novels, for textbooks
handbooks of fixed income securities- fabozzi options, futures and other derivatives- Hull
FIASCO was what did it for me. sometimes i regret reading that book...
When Genius Failed - Lowenstein Fooled by Randomness, The Black Swan - Taleb Rogue Trader - Leeson
DeltaHedged www.deltahedged.com
"Since love and fear can hardly exist together, if we must choose between them, it is far safer to be feared than loved." - Niccolo Machiavelli
Technical Analysis: The Complete Resource for Financial Market Technicians by Kirkpatrick and Dahlquist Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder Natural Gas & Electric Power in Nontechnical Language by Ann Chambers
would also recommend fletch sturm's book if your interested in trading gas
Alchemy of Finance - Soros Reminisce of a Stock Market Operator
www.sharpeinvesting.com
Agreed that would be the first book I would (and did before my internship) read.
I had a good time reading FIASCO! Read it right before my internship. It is written with a lot of wit which makes it hilarious at times.
Can anyone recommend any good books on valuation? I mean simple/introductory ones...
Thanks.
the problem with most books on trading is that they're usually about prop traders and try to teach you how and when to buy/sell the best product by taking positions. To learn how products are really traded, you need to get the perspective of the sell side, in which the goal is to avoid having positions and continually make your spread. you also want to understand the role of specialists, different types of orders and rules of when they can be executed. i enjoyed reading many of the above books to get a sense of the culture - and it is important to understand the position-taking side because it is the clients you'll be serving. the best reading I had on how markets function was my study materials for the Series 7 and apart from that, there's no substitute for work experience
Investing / Trading Books..Need to make more $ while at work! (Originally Posted: 10/18/2010)
Hey guys - I did a search on "Investing and Trading" books multiple times and although this topic has been discussed a few times, I wanted to ask again since mine inquiry is a bit different.
As I'm sure alot of you know all too well, sometimes at work I get board when I have down time and lately have been pretty aggressive trading in my T.D. Ameritrade account. Since I work at a BB, I need to adhere to the bs 14 day holding period (stocks only) and 1 day for ETFs. With that said, I am looking to get more acclaimated to trading / investing and would like a good book to brush over the basics, but also to get more detailed analysis on strategies, techniques, what to look for, etc.
Anyone out there know of a good read for a someone more advanced than a beginner but still very unfamiliar with trading strategies, how to beat the market, etc? Any advice besides the One up Wall Street and Investments Book would be greatly appreciated.
Also, for all of you out their who are pretty active in investing is their any sources (books, websites, materials, etc) that you can recommend that have helped you? Currently, I tend to pick based on my own qualitative reasoning, than read research / morningstar reports to further hone in on my inclinations. So far I have done fairly well but looking to bring it up to the next notch.
Thanks in advance for your assitance.
r u a bank teller at a BB?
Read "The Little Book that Beats the Market" it's about value investing and it's also short and sweet.
best books on trading (Originally Posted: 06/17/2009)
hey guys,
just wanted to get your opinion on what the best books on trading are... let the debate begin
do a search. that's all folks.
Recommendations for books on trading ? (Originally Posted: 06/19/2010)
Hey guys, I'm a college student right now that desires to learn more about the fundamentals of trading. I'm reading Trading for Dummies right now and it's quite brief with the overall basics and I was wondering if there were more comprehensive books on trading for individuals that potentially may consider getting into the industry. I won't mind spending a few extra dollars for better written material so feel free to recommend whatever's worked for you.
Thanks for your time
My favourite has always been "Trading for a Living" by Dr. Alexander Elder. You have a pretty good list here http://equity-research.com/investment-and-trading-books/
Read anything by Jim Rogers.
wtf is this? Trading for Dummies? That kind of stuff and the stuff mentioned is targeted towards equity investing with a more value approach. If you get a job as a trader, depending on the firm of course, you are not going to be doing that shit.
Pick up Natenberg and perhaps Hull as well if you want to get into some of the more 'math-y' side of things with derivatives (options, futures, swaps, etc.).
Search the forum, I know there are at least two good topics where I've gotten books from.
Thanks for the replies guys. Believe me this has been more than helpful. Looks like I have my summer reading list all set =)
Thanks for the replies guys. Believe me this has been more than helpful. Looks like I have my summer reading list all set =)
Best books/methods to learn about trading, or explore trade ideas (Originally Posted: 05/26/2014)
Hi all, I'm an undergrad and my school has a huge bias towards Banking and I've been looking to learn more about trading. I've read some of the standard books like Liar's Poker, etc. and while they were thrilling reads they were about telling a story and not about teaching you to trade.
And I was wondering if you guys had recocmendations for books that actually focus on actual teaching. I've been to Amazon but all I get are books about technical analysis, which I'm dubious about. Are there books out there that attempt to describe/teach discretionary trading?
If not that is there a trading equivalent to Seth Klarman's Margin of Safety where he describes his method and more interestingly goes through a list of trades. Perhaps this isn't something you can teach and so my question is rather pointless but regardlesss
Reminiscences of a Stock Operator + Hedge Fund Market Wizards.
No book will teach you how to trade. You won't find a book on how to beat the market, a legit book anyway. Market Wizards are good to give you an insight into a diverse mix of traders but they all have their different style, as should you. Authors like Van k TARP, mark Douglas and Brett steenberg (check out his blog trader feed) offer good insight into personal management and development which is really the key for a beginner.
You need to decide what markets you will trade, level of commitment, style of traditional etc. I'm a day trader myself I rely heavily on techs and the order flow through level 2. Japanese candle still by Steve nison is a very good book and worth a read through.
don't trade, invest.
/thread
Euan Sinclair's Option Trading book is pretty decent
It sounds like you are starting from scratch here, so you should read all of the Market Wizards books. That way you will get broad exposure of some various styles. There are some specific trade examples in there, although the analysis used is probably too unsophisticated for today's markets. It is a good starting point. Alexander Elder's Come Into My Trading Room is cheesy but it has the basics of risk management which is by far the most important part of being a successful trader.
In terms of idea generation, ultimately all forms of trading/investing are about pattern recognition. The key is to build up a mental database of specific patterns that give you higher confidence that a certain outcome will happen. No one will just hand you these patterns (outside of technicals, but even technicals are not as simple as just looking at the chart), you have to build it up yourself through years of watching, trading, reading, and analyzing. It could be something like this... two markets usually move in lock-step, but one of them starts moving independently, what is causing that? Does this mean something is afoot? You investigate, there is no apparent driver, but your intuition suggests that there could be a big seller that is causing the relationship to break down, so you go short if you think there is more to come from that seller. Or something like this... a certain country has a weakening current account position, heavy outstanding float of sovereign debt, deep fiscal deficit, but a paradoxically strong currency... what would the central bank do in this situation? Looks like a situation where they might want to ease aggressively, so you go long the front end of the curve or short the currency. These are heavily simplified examples that are meant to illustrate the kind of thinking that goes into trades.
The keys are to find a style that you believe in, fits with your personality, and best utilizes your strengths. Most likely you will start somewhere, and then your style will evolve over time as you make mistakes, learn, and iterate. There are many books that I could recommend that would help you become a better trader, but there really isn't a manual that will hold your hand and tell you everything that you need to know. It's more that you pick up little bits and pieces, and slowly over time, you pull them together into a cohesive trading style. At this stage, the key is just to be curious, keep an open mind, and read as much as you can. I'd suggest following the markets section of the WSJ or FT, to see if there are any particular asset classes that interest you, or types of situations, etc. From there, you should start trading with a small amount of money. @Bondarb has a good post where he details the initial steps -
http://www.wallstreetoasis.com/forums/how-to-start-trading-compliments-…
read WSJ and follow the markets and try to identify an asset class that interests you. as many of the comments above with far more experience than me have said its tough to read books on how to trade: its something you have to do.
however, you can read books on a certain product and develop a fundamental understanding of that product. that should put you in a better place when you do walk on to a trading desk.
look into the CME trading challenge. will give you familiarity with a trading platform and putting together basic trade ideas.
The trader interviews books are fun, and they do identify common important areas to look out for. However, having an open mind is probably the most important tool. For what it's worth, between HF Market Wizards and Inside the House of Money, nearly all of the discretionary fixed-income centric fund managers blew up, with I think the only exception having made 0 money in 2013.
Market Wizards / New Market Wizards
+1 Market Wizards +1 Reminesces of a Stock Operator +1 Trading in the zone +1 Trade You Way to Financial Freedom Ugly Americans Liars Poker Boomerrang The Big Short
I dont know the book but something to learn the greeks for options Something on excel VBA
As said above there is no book that teaches you how to trade. But if you want to get better as a trader I would recommend to look for books that fit into one of three categores:
1) Books about other Traders: These are books like the warren buffet essays, or any of the interview style books. The purpose is to get a bit of an insight into how successfull traders look at risk. The books id recommend in this category are:
-Market Wizards and New Market Wizards: its fun read but a bit dated now, you can still take some high level lessons from it about risk management, but in terms of detailed knowledge it doesnt provide much
-Inside the House of Money and The Invisible Hands: sort of like market wizards but much more recent. Very highly recommended.
2) Books about economic history: These are the 100-200 page books on a specific topic. If you want to learn about economic history, pick a list of 5-10 events and find a short and easy read on each one. For example:
-The Argentina Crisis: "The Money Kept Rolling in and Out" -> very highly recommended
3) Books about product knowledge: These are technical books. You cant trade anything without knowing the product. THis list is too long to spell out, but for each product there are 1-2 go to books, if you have a speciifc product in mind PM me.
I would add The Inner Game of Tennis and some Brett Steenbarger books to all listed above. They will help you understand how you should work to get where you want.
novice trading books (Originally Posted: 12/21/2012)
I'm looking to get into options trading, but I've only taken a beginners course in options
can anyone suggest a book that I can begin with? e.g., I use Fabozzi's Fixed Income securities for the work I do now, but would there be an equivalent for trading that traders consider a "bible"?
try Tuckman
thanks
natenberg is considered the options bible. anyone and everyone who works with options has read natenberg.
Best stock trading book using technical strategies and best options trading book (Originally Posted: 03/24/2011)
Sup guys, I am looking for two books.
1.) The best stock trading book using technical strategies 2.) Best options strategy book, besides Options, Futures, and Other Derivatives -Solution Manual by John Hull
Anyone have any good suggestions?
Thanks, HS
the classic is murphy for TA
Thanks..What about a good options strategy book?
Book on equity trades (Originally Posted: 09/24/2015)
Gents - can anyone recommend a practical (!) book on equity trades (stocks, options etc)? Thanks for any good recommendations
The Five Rules for Successful Stock Investing (Dorsey) is a great one. I'm sure others will give you the classics, but this one helped me out a lot. It's geared towards finding companies with competitive advantages, strong management, and free cash flow. It covers everything from top to bottom.
Read the book, was more looking for equity trades (eg holdout trades), ie from a structural perspective. How can one do trades apart from simply L/S. thanks
Anyone has a good one (apart from You can be a stock market genius)? thanks
Trading strategy book (Originally Posted: 09/27/2011)
Hi, can anyone suggest some good books that encompass a good range of trading strategies. I work in the banking industry (hedge fund operations) so understand products (could learn more tbh) but would like a better understanding of the most common strategies and perhaps something I could implement myself. If it makes a difference I am from London. Thanks
youre not really going to find any books that have anything 'legit' in terms of strategies you can plop down and instantly make cash -- some technical stuff can be good but they are tools and not sure fire money strategies and most people dont understand that. there are a lot of books on the varying types of arbitrage and whatnot that you can find but any strategy worth its weight in gold isnt going to be printed in a book until AFTER the strategy has dried up
Trading Books (Originally Posted: 05/09/2013)
Hi guys,
know any good trading books?
Bump
Why didn't you ask the recruiter about intern responsibilities, etc? Show some interest when you pick up the phone.
i know of liars poker and stock market operator...any others
did the same program but got in super late through a connection. I worked for an advisor just donig research, looootttt of grunt work for him, answering phones. Didn't do a whole lot of "finance" stuff as wealth management is more about building relationships with people. Good experience defintely soething I would consider doing one day. Pay is good also
It sounds like it might get mistaken as a bs ML/UBS PWM internship...
cool thansk
I don't think that book prices are volatile enough to really trade them. Might be good long-term investments though.
Best Book for Learning the Basics of Trading (Originally Posted: 03/13/2013)
I'm trying to learn the basics of trading stocks, currencies, and bonds. I've attempted to learn on my own through Investopedia and similar websites, but I would prefer a more comprehensive introduction to the markets. Any books you'd suggest?
Are you asking about a primer to bid/ask among dealers specifically, or just a general capital markets intro? Because at the risk of sounding sarcastic(I'm not), perhaps a textbook is the best option?
To answer the basics of bid/ask: Stock prices are "set" based on what the market is willing to buy/sell at. You won't be buying @ the exact price shown, nor will you sell at that price. The dealer makes a "spread" from buying lower than they can sell, & selling above what they buy at. This is why prices fluctuate so much in less than a second, prices are at no point set in stone.
How do you know you want to be a quant when you don't even know how to buy a stock?
There's a big difference between trading and investing. If you want to learn how to invest, read Buffett's letters to shareholders and then go read a bunch of 10-Ks. If you want to learn how to trade, give up now because you're going to lose all your money.
I have no desire to be a quant. I called myself FutureQuant because I liked how it sounded. I'd probably change my username if that were possible.
Also, a general intro to capital markets is exactly what I'm looking for. I've looked into purchasing textbooks, but the textbooks I found were ridiculously expensive. Are there any decent guides to the stock market that aren't textbooks?
A cult classic:
http://www.my10000dollars.com/MS.pdf
Books about trading (Originally Posted: 04/14/2011)
I´m mainly looking for books about trading and trade ideas, not books about the theory behind the assets that are traded (I´ve already read a bit of them and now want to know more about the practice). Do you guys have any suggestions? Main interest is Fixed Income and FX, but I also have some interest in equities and commodities.
Thanks!
Diary of a commodities trader
Market Wizards, More Money Than God, and Drobny's books.
Seriously, I'm feeling a lot of Deja Vu... But yea, Market Wizards is good, and its sequel too.
See the thread I started about trading psychology, it has a lot of really good books listed in there. Psychology and disipline are the most important things in trading.
You will hardly find a book on trading ideas that is relevant. And if you did then it wouldnt be worth much anymore anyway.
Once you know the assets, the rest is up to you, get creative.
^^ I second what derivstrading said. The ideas have to be your own. Most books will help with market psychology and theory, but that's about it. No one is going to share any extremely lucrative trading ideas in a book. There are more wealthy traders/fund managers than best selling authors, so the market does not demand it.
If you can track down Klarman's Margin of Safety online or at a library, it's a good read, but doesn't focus on FX or FI.
Books for Trading (Originally Posted: 07/22/2007)
Does anyone know of any decent books to read to prepare for trading? I'm not talkin Liar's Poker type books, but more along the lines of helping to prepare for analyst interviews, like the Vault guide except better
I read the Wetfeet guides, they are decent. Very conscise, although it seems that it is more geared towards I-banking. Fast Track by Mariam Naticy, the book is really cheap used on amazone. If you don't like it throw it :) It's dated, but still really good.
Is there a away around paying for the subscription, or should I just pony up? In other words, is Wetfeet worth the money?
This is a surprisingly well kept secret. Go for Timothy Falcon's book on Wall Street interviews. THEY CANNOT ASK YOU A SINGLE QUESTION OUTSIDE OF THIS BOOK!
Given how amazing it is, I am surprised at how few people know about it. ALL my interview questions (brain teasers included) were straight out of it. The book is ridiculous.
Well I bought 2 actual books from wetfeet. Nothing too spectacular. There are some pretty good advices, a lot of common sense. I would go ahead and buy them if you are really serious about banking. If you are still testing the water buy some cheap books.
and to answer your questin wether or not there is a way around. I have no clue. PM me if you know how to get those things for free though ;)
Inside the House of Money
Hey guys thx for the responses. Timothy Falcon's book does indeed look quite good, I think I'll definitely get that.
Inside the House of Money sounds interesting, but not sure how relevant it is to trading interviews. I might check it out if I have some extra time.
Anyone else have any other suggestions?
(PS: I don't know about anyone else, but my university has pdf versions of most of the vault guides and wetfeet guides available on their site with a school ID. Your schools may do the same, look around)
Most schools have them. I personally found them to be junk. Its good for a person looking only for some broad overview into different careers. But for every specific field (if you really want to know the stuff) you have specific books.
Some of these are good reads....anybody have additional literature?
Heard on the street for prob questions...
Hull's Derivative book to teach you options, fixed income (more academic)..
you should be pretty much set after that...if you know NOTHING about what traders even do, then maybe the other books inside the house of money? that describes waht they do
Most Definitely. I got most of my questions from the interview from WF.
This is coming from my advisor who worked at GS in their derivatives department for years. I'm the pres of S&T at BYU and he recommended me these: - Modern Investment Management - by GSAM - A Demon of Our Own Design - by Richard Bookstaber - When Genius Failed - by Roger Lowenstein Don't forget that you do need the book s like "Liar's Poker" to fit the mold. Don't discount those books. An alumni from my school working at a hedge fund called SilverPoint also likes all the Warren Buffett books. It really depends on what you're wanting. My personal goal is to read 20 books a year until I graduate, read all the vault guides, and memorize Investopedia. The interview book listed above is also good. There's nothing better than reading in order to prepare yourself. Read EVERYTHING. And don't forget your WSJ and Bloomberg every morning. Know the markets and prices. With that, you'll be set.
Good Going...I'll have to check some out....
I already checked out: Intelligent Investor - Graham Soros on Soros Liar's Poker A couple of Jim Cramer's Books
But I want more consistent stuff, with the latest books that you guys have said...I have my work cutout....work....school....daughter....reading....trading......marathon training....
Though Inside the House of Money is not directly related to interviews, it's always good (if time allows) to read these books because they give you better idea of the industry, and therefore better answers to interview questions overall.
Market Wizards: Interviews with Top Traders
trading magazines (Originally Posted: 03/14/2007)
what mags do traders usually read for their industry?
trader monthly
2nd TM.
Trader monthy is a like a hedge fund manager GQ.It is very entertaining, and full of 50k watches and islands to buy, but not to much practical knowlage about current markets and such. Its def a fun read, but I'm not sure if thats what your after.
Dealmaker is a great magazine. the second issue is out now. http://www.dealmakerdaily.com/magazine/index.html
fx guys read the economist a lot...and of course we all get the bloomberg mag, but i just flip through it.
Sorry to bump an old thread but is there any new replacement for Dealmaker? Anything similar, banker backgrounds, stories on deals, etc...A Sports Illustrated for finance.
Economist is good. So is Hustler. I used to keep mine in the bathroom off the floor but guys kept getting cinnabon glaze all over the good spreads
Must reads for traders? (Originally Posted: 09/30/2010)
For traders, especially those in the macro space, what are stuff you guys read on a regular basis, whether it's newspapers, journals, blogs,etc.?
1 7 Habits of Highly Effective People, The Covey, Stephen R.
2 8th Habit: From Effectiveness to Greatness, The Covey, Stephen R.
3 A Demon of Our Own Design Bookstaber, Richard
4 Against the Gods: The Remarkable Story of Risk Bernstein, Peter L.
5 Analysis and Use of Financial Statements, The White, Gerald I.
6 Anatomy of the Bear Napier, Russell
7 Bailout Nation Ritholtz, Barry
8 Barbarians at the Gate Burrough, Bryan & Helyar, John
9 Beating the Street Lynch, Peter
10 Beyond Candlesticks Nison, Steve
11 Beyond the Random Walk Singal, Vijay
12 Big Short, The Lewis, Michael
13 Black Swan, The Taleb, Nassim Nicholas
14 Competition Demystified Greenwald, Bruce C. & Kahn, Judd
15 Confessions of a Street Addict Cramer, James J.
16 Confessions of a Wall Street Analyst Reingold, Daniel
17 Damn Right! Lowe, Janet
18 Den of Thieves Stewart, James B.
19 Dick Davis Dividend, The Davis, Dick
20 Electronic Day Traders' Secrets Freidfertig, Marc & West, George
21 Enhancing Trading Performance Steenbarger, Brett N.
22 Financial Fine Print Leder, Michelle
23 Financial Shenanigans Schilit, Howard
24 Fire Your Stock Analyst! Domash, Harry
25 Fooled by Randomness Taleb, Nassim Nicholas
26 Fortune's Formula Poundstone, William
27 Freakonomics Dubner, Stephen J. & Levitt, Steven D.
28 Getting to Yes Fisher, Roger & Ury, William
29 Greatest Trade Ever, The Zuckerman, Gregory
30 Hedge Fund Masters Kiev, Ari
31 How to Make Money in Stocks O'Neil, William
32 How to Use Financial Statements Bandler, James
33 How to Win Friends and Influence People Carnegie, Dale
34 Inside the Mind of Turtles Faith, Curtis
35 Intelligent Investor, The Graham, Benjamin
36 Jesse Livemore: World's Greatest Stock Trader Smitten, Richard
37 Liar's Poker Lewis, Michael
38 Little Blue Book that Beats the Market, The Greenblatt, Joel
39 Little Book of Value Investing, The Browne, Christopher H.
40 Manias, Panics, and Crashes Aliber, Robert & Kindleberger, Charles P.
41 Market Wizards: Interviews with Top Traders Schwager, Jack D.
42 Markets in Profile Dalton, James F., Dalton, Robert B., & Jones, Eric T.
43 Martin Pring on Market Momentum Pring, Martin
44 Martin Zweig's Winning on Wall Street Zweig, Martin
45 Mental Game of Baseball, The Dorfman, H. A.
46 Mental Toughness: Baseball's Winning Edge Kuehl, Karl
47 Myth of the Rational Market, The Fox, Justin
48 Naked Economics Wheelan, Charles
49 New Finance: 4th Edition, The Haugen, Robert A.
50 New Ideas from Dead Economists Buchholz, Todd G.
51 New Market Wizards, The Schwager, Jack D.
52 One Up on Wall Street Lynch, Peter
53 Practical Guide to Wall Street, The Tagliani, Matthew
54 Psychology of Technical Analysis, The Plummer, Tony
55 Quants, The Patterson, Scott
56 Reminiscenses of a Stock Operator Lefevre, Edwin
57 Snowball: Warren Buffett and the Business of Life, The Schroeder, Alice
58 Soros on Soros: Staying Ahead of the Curve Soros, George
59 Stock Market Course, The Fontanills, George A. & Gentile, Tom
60 Stock Market Primer Rosenberg, Claude N.
61 Stock Trader's Almanac 2010 Hirsch, Jeffrey A. & Hirsch, Yale
62 Take on the Street Levitt, Arthur
63 This Time is Different Reinhart, Carmen M. & Rogoff, Kenneth
64 Too Big to Fail Sorkin, Andrew Ross
65 Trade Like a Hedge Fund Altucher, James
66 Trade Your Way to Financial Freedom Tharp, Van
67 Trading for a Living Elder, Alexander
68 Trading from Your Gut Faith, Curtis
69 Trading in the Zone Kiev, Ari
70 Trading in the Zone Douglas, Mark
71 Trading to Win Kiev, Ari
72 Trading with the Enemy Maier, Nicholas W.
73 Ugly Americans Mezrich, Ben
74 Way of the Turtle Faith, Curtis
75 When Genius Failed Lowenstein, Roger
76 Who Moved My Cheese? Johnson, Spencer
77 Winning the Day Trading Game Busby, Thomas L.
78 You Can Be a Stock Market Genius Greenblatt, Joel
Good list, shorttheworld
Essential reading for wanna-be Traders? (Originally Posted: 04/15/2012)
Hi WSO. I am currently an accounting major but I find an interest in Trading and Finance in general. I would like to know what reading you guys would recommend on someone who knows very little about trading. Anything about Forex, Quant, Stock Exchange etc.
i would go back to the Motley Fool archive circa 1998 and read everything.
liars poker
-www.BabyPips.com (BEST forex site out there) -Technical Analysis of the Financial Markets -Derivatives Derrystified -Enhancing Trader Performace
market wizards
i would also go back and watch every Mad Money show with Jim Kramer
Here's the reading list that my PM prepared a few weeks back: Getting back to even by Jim Cramer An american hedge fund by Tim Sykes Think like a champion by Donald Trump Day trading for dummies by Ann Logue The Naked trader- how anyone can make money trading shares by Robbie Burns The weekend that changed wall street by Maria Bartiromo Option Trading in Your Spare Time- A Guide to Financial Independence for Women by Wendy Kirkland.
i like these and robert kiyosaki's rich dad poor dad
i read all these books in only 7 months and it even helped me get a phone interview at a bank!
Lol. The first thing you need to know is if you want to do prop or flow trading.
After that, you need to learn about the different products out there, how a trade is actually executed, and an exchange works.
You want to study trading strategy last, after you have the fundamentals down. When it comes to actual strategy, you most likely will find no online resources out there. Let us know if you do However, there might be a few options strategies around. Doubt you'll find convert-arb, stat arb, etc. online, and if you do you have to be a math genius to understand it anyway.
Yes I didn't mean strategy, I mean I would like to read about the basic grounding of trading. Learning the different types and how its executed, pretty much what you said.
i cant even imagine what garbage is contained within that bartiromo book
I'm afraid this kid is so clueless he might actually take Macro Arb's advice...
Rich Kid: Dominate the Schoolyard, or, Make the Sandbox your Bitch
F*CK!
just got picked-off on a 50-lot by Wendy Kirkland
Floored is a good documentary. Reminiscence of a stock operator.
Trading Reading List (Originally Posted: 04/09/2007)
I have read the following books which I enjoyed: Liars Poker FIASCO Monkey Business Cramer Watch TV get Rich Confessions of a Street Addict
I was thinking of reading: When Genius Failed Den of Thieves Reminiscences of a Stock Operator Predators' Ball
i am wondering what other books people recommend about trading
FYI I am entering a top 3 BB s&T program FT this july
how is Cramer Watch TV get Rich? I read his mad money, which was funny at times, and i like the way he writes. But the strategies/information in it are so basic. I would think the TV one is much more basic.
read anythng that kessler writes...awesome stuff. Wall Street Meat..Running Money...The end of Medicine...trust me, youll like ths stuff.
are these books more about sales than trading?
ill check some of those titles out
watch tv get rich was ok but a bit too simple...quick read with some valuable info but it is geared toward a less educated audience and had basic concepts such as p/e and PEG ratios..a lot of it was about the show but some of the lessons in there were helpful
i recommend his confessions of a street addict which is more of an autobiography but a very interesting read
any other suggestions?
john Hull
Infectious greed - this is a book on the major scandals that have broken out over the last 2 decades
The Art of War - every trader has a copy of this on their desk
The Prince - every evil trader has a copy of this on their desk
In addition to the above:
Bombardiers by Po Bronson
On War by Clausewitz
My art of war and the prince stay at home - no point others getting the tip ;-)
I imagine your firm should have a library with a bunch of interesting trading related books?? See if you can nail 30 in 3 months....
anybody heard of "If It's Raining in Brazil, Buy Starbucks" should I read it?
Wall Street Meat is about the whole wall street experience...Running money is about his hedge fund/VC days, and the end of medicine isnt as much about wall street as the others, but touches on healthcare trading...They may not be exclusivly about trading, but are great reads for anyone interested in working on wall street. and no not really more about sales at all
Traders Guns and Money is a good insight into the history of credit derivatives trading
Besides Trading Natural Gas: A Nontechnical Guide by Flectcher J. Sturm.
Thanks for the tips fellas
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