Day trading books will teach you about policy, risk management, psychology and a lot about technical research. Unfortunately, booksellers and librarians aren’t day traders. This makes it very difficult to find out the best books. Thankfully, this page has broken down and gathered the best books for beginners, top books for particular properties, and explained how different formats would better match your individual needs.

Best eBooks for Day Traders

  1. ETX Library on eBook

ETX Capital provides traders with a large collection of ebooks to use. There are ebooks that can support you from technical analyzes to worldwide trends, whether you trade forex, commodities or stocks. All tools are free and worth taking advantage of.

Day Trading Books for Beginners

You soon learn how complicated tactics, maps, trends, sites, and fees can become when you decide to take the plunge into trading. That is why you should use the available means around you to start off right. To beginners, the best books keep it straightforward and provide step-by-step guides on how to pick stock, execute strategy and manage your capital and risk.

Below are 3 of the best beginners’ titles.

1. A Beginner’s Guide to Day Trading Online, Toni Turner

Written by a trader and lecturer, this book provides clear guidance and is also up-to-date on innovations in the industry. You also get a comprehensive description of risk management, strategic analysis, and how to construct a business plan. Recent editions have been dubbed differently – “A Beginner’s Guide To Short Term Trading,” as the book is packed full of quizzes and checklists, it is also a great learning resource. The author also runs all of the basic jargon, while managing to keep you interested in some way. Basically, it’s perfect for the day trader as it differentiates between short-term and long-term trading, the rewards, drawbacks and the topics you need to concentrate on.

2. Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk, Micheal Sincere

Written from an experienced trader viewpoint, this book focuses on technological research, and also provides some useful lessons in money management. At first it focuses on graphs, trends, and measures. You will then be walked through the gist of making the first transaction.

You do get the advantage of learning from interviews with seasoned traders, which hopefully will help you to avoid any of the traps that they have fallen into. Plus this book is an easily-digestible read for the aspiring trader at less than 200 pages.

3. Day Trading for Dummies, Ann C Logue

While the author isn’t a trader, her book is diverse and covers a wide variety of subjects, making it perfect for those who want a deep initial understanding. The book is less of a guide and more information about a vast array of day trading topic. You’re not going to get specifics, but that does mean you shouldn’t get lost. All of this makes it one of the best books for beginners on trade.

If you had to give an answer to the question ‘What are the best books for those starting out?’, all of the material above will be at the top of the list. They give you the starting point, as well as somewhere you can turn to when you look for answers.

Also, good day trading books keep it simple for beginners. They guide you through the entire process, from choosing stock and strategy to managing your psychology and risk.

Best Books

There are a variety of books that you can turn to for those looking for more informative books that provide in-depth technical analysis, advanced strategies and extensive knowledge on all day trading material.

Below we gathered the top ten titles, taking into account ratings, ease of use and comprehensiveness.

1. High Probability Trading: Take the Steps to Become a Successful Trader, Marcel Link

The book focuses on the notion of trading only when the odds are in your favor, and it discusses how to set up your trades and what to look for to know exactly what to trade and how much.

The author draws on years of business experience so you can take advantage of his trial and error strategy to prevent some of the potential errors yourself. It is well-written and made worthy of a spot on this list.

2. The Truth About Day Trading Stocks, Josh DiPetrio

While many books claim to bring you wealth, Josh DiPetrio points out that day trading is not a fast-paced scheme to get money in your pocket. His writing is easy to understand and you can tell that he just wants to make you aware of the risks and give you advice about how to handle them.

Through this book, there are some important lessons you can learn and you get the resounding feeling that you get the truth through the first chapter right up to the last.

3. Mastering the Trade, John Carter

It is one of the best books since there are so many comprehensive guidelines for setting up trades. He leaves no stone unturned, breaking down multiple tactics and different markets. It is also well known as one of the go-to books on psychology.

If you’re looking for a crystal-clear guide to what, how, when, where, and where, then you need this book. It is also considered one of the best emini books, using examples from real life to prove points.

4. Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market moves, Kathy Lien

One of the best-selling day trading books, you get to take advantage of the insight of one of the forex world’s most respected analysts. If you haven’t seen her on either Bloomberg or CNN, you’ll be loving her direct approach.

You will gain an insight into doing effective market research, plus the author’s strong source of ideas for trade. If you’re after one of the best forex books, then don’t look any further.

5. The Disciplined Trader: Developing Winning Attitudes, Mark Douglas

Many good books concentrate on technical research, strategy and risk management but not so many concentrate on the psychological aspects of trading. You may have all the best tactics in the world, as this book aptly illustrates, but without discipline, you’ll fail to make a profit.

The book explains why it is harder not to surrender to your feelings than it seems, and gives you a bunch of tips to stay calm and get in the right headspace. You will also get advice on how to record and optimize your trade results and reduce chance of risk.

6. Digital Day Trading, Howard Abell

While not making the top 5 books, this one deserves a look inside. If you’re looking for a book that’s easy to understand and doesn’t waste words, then this is a sensible option. The author focuses on business theory and delves into the dynamics of his own trade. You’ll also profit from three positive day traders interviews, picking up an variety of valuable tips.

The only thing to remember is that this book was written during the dotcom boom’s extremely volatile era, so some details may get outdated.

7. The Stock Trader: How I Make a Living Trading Stocks, Tony Oz

When you want techniques that can be taken from the book and quickly implemented then this is a good choice. You get a variety of comprehensive approaches that cover entry and exit points, utilization maps, defining trends, and a host of other telling indicators.

The book earns positive reviews and is written in an entertaining way that makes it appeal to a wider audience. It’s no wonder that it is considered as one of the best trading books of all time.

8. Range Trading, Micheal Young

If you are looking for a clear, nuanced approach, then this book is worth your time. The book discusses that most of the tactics such as scalping problems to tackle high costs and fees in intraday. This then provides an alternative that has been tried and tested, known as ‘range trading.’

This is a step-by-step self-proclaimed guide which takes a complex system and makes it easy to follow. If you’re looking for a high level of detail and an alternate approach, then you’ll see why this one of the best books about day trading.

9. The Simple Strategy, Markus Heitkotter

When you’re searching for books that deals with fx and options and are renowned at the same time, then this won’t be disappointing. The book’s popularity stems from the straightforward guidance you get about the rules of entry and exit, how to capitalize on smaller intraday trends, plus advice about the apps you do and don’t need.

It’s also written so you don’t have to be a rocket scientist to be getting through it. Also, the author keeps it light-hearted and entertaining throughout, making it one of the trading books must-reads.

10. Day Trading Grain Futures: A Practical Guide to Trading for a Living, David Bennett

If you are searching for specialized books on futures then this deserves a look. There are no complicated terms – it provides straightforward guidance from page one on how to efficiently exchange futures.

Primarily, you’ll learn why the author likes day trading and specifically why the grains futures market. Then you’ll get simple strategies based on timeless trade concepts that don’t rely on highly nuanced and technological indicators. The philosophies and approaches found here can also be extended to any number of intraday markets.

Trader Courses and Live Webinars

Now ETX Capital provides traders a variety of educational resources. For any trader who has made a deposit of any amount – they are free to enroll.

At ETX, in-house specialists and an independent trading firm offer courses. It guarantees an all-around experience for those who’ve signed up. Most courses and webinars are realized online.

Other Formats

Due to the wonders of technology you can now get audiobooks and ebooks for day trading. Audiobooks are great for listening while walking, on the treadmill, or even for ignoring the noisy kids. They also allow you to take notes while listening, or add the information to your platform in real time.

You can also get pdf books, as free downloads. Much like ebooks, keeping these open in a separate window as you trade, helps you to quickly follow directions and bring what you are reading into effect. You’ll always have something you can go back to easily with only one mouse button.

Trading Log Books

To their detriment, these common day trading books are an incredibly useful device that many people gloss over. They will give you the ability to keep a clear record of all your trades. Then, these can be used to check back when you’re looking for trends, or when you want a new technique to backtest. The following are some important items to note:

Trading Order Books

These have a different function than the aforementioned bestseller trading books. An order book is an electronic list, arranged by price level, of purchase and sale orders for your specified security or instrument. You will be able to see which brokers buy or sell the stock, and whether institutions or retail investors are driving the market.

It helps you make educated and accurate decisions. These are also useful as they show order imbalances, and give you a picture of the direction of assets in the short term. For instance, if buy orders were substantially imbalanced, this could signal a higher move in the asset as a result of buy pressure.

Different Markets, Different Texts

If you want rday trading for the United Kingdom, Europe, the United States, and Canada, then all of the above books will be appropriate and accessible to nearby markets. But if you’re trying to dive into markets around the globe, you may want to look for books unique to that area.

For eg, if you’re looking to join the Indian stock market, you’ll want books specifically for India’s day-trading. One of best books on day trading in India is ‘Intraday Trading Ki Pechan’, by Ankit Gala & Jitendra Gala. Additionally, Ashwani Gujral’s ‘How to Make Money Trading with Charts’ also ranks highly in recent trading book reviews.

If you want Australia-focused books and also written by an Australian author, you may want to look at Peter J. August’s ‘Why Gold Matters’. Nick Radge’s ‘Adaptive Analysis for Australian Stocks’ also ranks highly in feedback.

Final Chapter

All in all, finding online books is fairly simple, but it isn’t always straightforward to find the right one for your needs. Remember what exactly you want to know before you make your order. Looking for books on tactics, forex books, psychology or for beginners? Like a step-by-step guide, or would you just like to hear stories and advices from renowned traders?

Decide which format will make the knowledge easier to absorb and easier to use – hardback, paperback, pdf or audiobook. It’s also also worth looking at the ratings of the best trading books, just to make sure you get exactly what you’re looking for.