Best Books To Learn How to Trade
Best books to learn how to trade
I wanna start with a small reminder that you won’t learn to start day trading in one day. The industry makes us believe that by buying a small course you’ll become a profitable trader really fast. That is not true! Learning how to trade requires time and effort. Of course- once you’re a successful and profitable trader – well you’ll be able to live the life you’ve always been dreaming about!
You can earn a lot of money but you can also lose a lot of money. So be careful! I believe that day trading is 85-90% psychological and only 10-15% technical. The majority of us think that the technical part is the most important part of learning how to day trade. Looking for the best strategy to adopt is not necessarily the best way to do it.
You’ll need to find the strategy that goes with your way of being and that fits you. That’s what makes day trading so difficult and what makes so many people do not get the results they were hoping for.
I’ll share with you best books to learn how to trade which are mostly associated to our brain and not to the strategy to use. In fact the unconscious mind processes information much faster than the conscious mind. In trading we need to make fast decisions which would require us to use the subconscious instead of the conscious mind. The conscious mind which will have formatted the information before using it which means that you will have time to process and manipulate the information.
Here you have a list of the Best books to learn how to trade
Psycho-Cybernetics by Maxwell Maltz – I was 16 when I read it the first time and it is really good! It will help you understand some underlying facts about psychology
Trading in the Zone by Mark Douglas – the trading bible for most people
The science of getting rich by Wallace Wattles
The power of the subconscious mind by Joseph Murphy
Market wizzards by Jack D. Schwager
Market mindgames by Denise Shull
Thinking Fast and Slow by Daniel Kahneman
These are the best books to learn how to trade I recommend to start trading and remember do not go live before having the knowledge to do so!
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Best Books To Learn How to Trade
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Already read the audiobook of the first one, now doing it on paper. It does raise very good points on the subconscious hability, working on the exercises as we speak.
#askmarcello You are against CFD’s but it works exactly the same as a future, only you have a posibillity of high leverage, but this means your trading amount can be much lower to be succesfull. So if you are well informed and you know how it works, the risk is exactly the same (off cause if you have a strategy).
#ask Merchelo
What info do you have about ” Robinhood” free trading app. ??
Hi you said you are totally opposed to Forex trading.
Can you further elaborate on why?
Thanks
#ASK MARCELLO hey i just joined DTA hope to one day get to meet up with you
Thank u. Am a professional trader
I wasn’t expecting 4:22.. made me laugh
If People asked for BOOKS reference on trading, you should do just that. Because, knowing to mechanically know how to trade, comes before the psychology aspect. I AM SURE THERE ARE BOOKS TO SHOW YOU JUST THAT.
Awesome video, thank you!!
I completely agree: Trading in the Zone is awesome. I have read it three times. It is my go-to when I need an emotion control Refresher. Had a hard time with Psycho-Cybernetics because towards the middle it becomes a little bit too religious for us non religious Folk and would throw me out of my reading groove. Hear great things about Market Wizards so that is next on my list.
#askmarcello what is the best computer to trade? apple or microsoft?
Try innerengineering book by Sadhguru vasudev (Isha foundation)
#ASKMARCELLO, What are your thoughts about the book “ Think and Grow Rich” by Napoleon Hill?
Love your structure man!
#askmarcello Hi Marcello,
I have been rading Phyco Cybernetics based on your reccomendation and have been blown away with the amount of things I have learnt aboutmyself ( good and bad ).
Just wanted to ask about the exercises and how I can apply them to improve my trading?
#ASK MARCELLO I DONT BELIEVE I WILL MAKE A MILLION IN A WEEK OR A YEAR AND I DONT BELIEVE ANYBODY ELSE THINKS THIS WAY….EVERY BODY I BELIEVE STARTS TO EVENTUALLY QUIT THERE 9-5..AND BE FINANCIAL FREE…WE DONT BELIEVE WE WILL BE MILLIONAIRES OVERNIGHT WE ARE NOT STUPID WE ARE NOT STUPID …WE ARE SMART AND WE HAVE SUPER TOOLS AT OUR DISPOSAL..THIS IS AN NEW AGE; YES WE HAVE INFORMATION AT OUR FINGER TIPS…YOU ARE A LITTLE ANNOYING IF IM HONEST…I CAN BE A TRADER WITHOUT YOU IF I WORK HARD ENOUGH…
Omfg shut the fuck up and give us the books on the technical aspect of trading
Hey I love your videos !
I live in Germany.
I want to paper trade but I don’t know what platform to use !
#askmarcello Hi Marcello, would you please talk about the advantages of ticks charts and its features? thanks!
2:45 your welcome
I understand you being against binary options that is something that is nothing but negative. But in a previous video you did give advantages on regular forex trading. Is it just binary options you are against or just forex in general?