3SOF

Hey traders, I'm looking for a good book for newbie traders. Understand that when I say "newbie", I mean NOOOOOBIEEEE, totally green. I read many posts here by experienced traders that say most of what you've read is just rubbish. I'm looking for a book that explains the terminology and market in easy to understand language. I would also like to learn how to read charts. More than some author's rambling explanation of his "method", this would be a book that I could use as reference on a daily basis. Anyone have any ideas on which one or two would come closest to filling my requirements?

Thanks, guys.

D'Wheeze

wheezle, good question.  If I could start over I know I could have shortened at least some of the learning process by reading the good stuff    I honestly think a great place to start is www.stockcharts.com and their free chart school.  Check it out    devour it and then...hmm I'll think of something. 

Thanks G! I'll be looking forward to your book recommendation. 

Anyone else?

D'Wheeze

hi !

About technical analysis, and just for a start, you could take a look at: «Getting Started on Technical Analysis» from Schwager.
You may also read «Reminescences of a Stock Operator», but you need to feel the market before that

best regards,

Thanks, Ram. LOL, I'm ashamed to admit it, but the first book I ever bought when I got interested was <<RULE THE FREAKIN' MARKETS>> by Michael, "Waxie" Parness, a very light read, indeed. 

You all can go ahead and gang-slap me now. I deserve it... 

D'Wheeze

that is a GREAT start!  do not underestimate Waxie...he truly knows his stuff.  His technical analyst Michael "Tiny" Saul is a genius too.  That is a great book for your trading library.

The hard part for me on recommending books is that nothing is the bible of stocks.  If a book has just 1 thing that is useful it may still be worth a read.  Some books that I am remembering off the top of my head: (not sure on spellings)

How to make Money in Stocks: William O'neil
Reminescences of a Stock Operator - Edwin Lefevre
Japanese Candlestick Books by - Nison, Morris
The Master Swing Trader - Alan S. Farley
Encylcopedia of Chart Patterns - Thomas N. Bulkowski
Technical Anlaysis of Stocks by John Murphy (i think thats what its called)

How to profit in Bull and Bear markets - Stan Weinstein
Come in to my trading room - Alexander Elder
Trading for a living - Alexander Elder
Reminicences of a stock operator -Edwin Lefevre

Quote from: aussietrader on July 07, 2005, 08:50:34 AM
Come in to my trading room - Alexander Elder
Trading for a living - Alexander Elder
Reminicences of a stock operator -Edwin Lefevre

Hi Aussie !

Alexander Elder, is great because he talks about everything, TA, Pscicology, Fundamentals, Discipline, etc...

I though a bit more on this subject, and I made my TOP-10, and would suggest the following readings in this order:

1- Trading for a living - Alexander Elder
2 - Getting Started in Technical Analysis - Jack D. Schwager
3 - Reminicences of a stock operator -Edwin Lefevre (Sorry EliteG, but this one is a Bible for me )
4 - Come in to my trading room - Alexander Elder
5 - Encyclopedia of Chart Patterns - Bulkowski (a study book, dont need to read it straight)
6 - The Discilplined Trader - Mark Douglas
7 - Survive and Profit in Ferocious Markets (The Bear Book) - John Rothchild
8 - Martin Zweig's «Winning on Wallstreet».
9 - The Art of Speculation - Philip L. Carret
10 - Technical Analysis for the Trading Professional - Constance Brown (just to open our mind in TA, not a book to follow straight)
11 - How To Trade in Stocks - Jesse Livermore

Ah I forgot Electronic Day Traders' Secrets by Marc Friedfertig and George West
... and Ramsburg got Mark Douglas 
hmm looks like I must read Elder

And don't forget....
3 Stocks on Fire by Ramsburg and Randolph

Quote from: aussietrader on July 07, 2005, 09:23:50 AM
And don't forget....
3 Stocks on Fire by Ramsburg and Randolph

LOL
Who knows... probably that would be also a good project, to write a book