Book Recs (or other resources) that helped you learn

Based on the most helpful WSO content, here are some recommended books and resources to learn more about trading and the intricacies of various product groups/desks:

General Trading and Derivatives:

• "Options, Futures, and Other Derivatives" by John Hull: Known as the derivatives bible, it offers a good mix of intuition and analytic rigor.
• "Dynamic Hedging" by Nassim Nicholas Taleb: Covers more advanced derivatives topics, suitable for junior analysts.
• "Derivatives Markets" by Robert L. McDonald: A good 'Derivatives for Dummies' type book if you are not quantitatively inclined.

Fixed Income:

• "Fixed Income Securities" by Bruce Tuckman and Angel Serrat: Highly recommended for those going into fixed income. It builds on itself comprehensively.
• "Handbook of Fixed Income Securities" by Frank J. Fabozzi: A famous desk reference that covers a lot of products. Useful for understanding specific securities.
• "Interest Rate Swaps and Other Derivatives" by Howard Corb: A classic read on swaps, though it may be slightly outdated due to changes in swaps pricing post-GFC.

Rates:

• "The Treasury Bond Basis" by Galen Burghardt and Terry Belton: Practical book recommended for understanding rates trading.
• "Interest Rate Markets" by Siddhartha Jha: Another practical book for rates traders.

Currency Trading:

• "The Art of Currency Trading" by Brent Donnelly: Despite its gimmicky title, it provides a good introduction to directional FX trading.

Distressed Debt:

• "Distressed Debt Analysis" by Stephen Moyer: Important for those on a distressed desk, focusing on intuition.

Credit:

• "Guide to Leveraged Finance" by Steven Miller Kricheff: A great introduction to leveraged credit, though it won't cover advanced topics like managing CDS basis trades.

Volatility Trading:

• "Volatility Trading" by Euan Sinclair: A comprehensive guide to trading volatility.
• "Volatility Trading" by Sheldon Natenberg: Another essential read for understanding volatility from a market maker's perspective.

Economic Indicators:

• "The Trader's Guide to Key Economic Indicators" by Richard Yamarone: Helps understand the nuances of different data releases that move markets, especially useful for those working in macro.

Additional Resources:

• Various CDS Primers from Investment Banks: If you have access, these can be invaluable for learning the nitty-gritty of CDS. Examples include Merrill's 2006 Primer and handbooks from JPM and MS.

These resources should provide a solid foundation across different trading desks and product groups.

Sources: S&T Literature/Books for Interns?, S&T Literature/Books for Interns?, Trading Vol in an IB - what are the good resources for Rates, Credit, FX, Equities? Market-makers' help greatly appreciated, Q&A: Rates & Macro Research/Strategy - Career Path, Technical Topics, Education, etc.