The 10 Best Day Trading books in 2022
Day trading strategies, at first glance, might seem straightforward and easy to handle. It might be so, but only if you devote enough time to debunk their core mechanisms and learn them step by step. Day trading books are great educational tools for all those aiming to start day trading. But it’s equally suitable for those already having wet their feet using powerful day trading strategies.
To become a successful trader, one must master technical analysis, markets’ main principles, ways of limiting risks of losing money, and trading psychology. Regardless of whether you are a casual trader or you trade for a living, all these and much more you can learn from the best day trading books. The insight these day trading books offer can really move the needle in your trading career.
Online book shopping sites and libraries are saturated with guides to day trading online. And there is a really vast choice of trading books encompassing all skill levels, focusing on different aspects of trading processes—some focus on risk management, some on strategies or trading psychology, or often all of these.
We have narrowed down the list to the following ten titles to save you time and help you make an informative and wise choice of the best day trading books. Our choice is based on the readers’ reviews, sales figures, comprehensiveness, information freshness, and evergreen aspect.
The list of 10 Best day trading books in 2022
- A Beginner’s Guide To Day Trading Online, Tony Turner
- Tech Analysis of the Financial Markets: A Guide to Trading Methods and Applications – John J. Murphy.
- Japanese candlestick: a guide to the ancient investment techniques of the Far East, Steve Nison.
- Mark Douglas, Trading in the Zone
- The Simple Strategy, Markus Heitkoetter
- The Truth About Day Trading Stocks by Josh DiPietro
- How to Day Trade for a Living, Andrew Aziz
- High Probability Trading: Take steps to Become a Successful Trader, Marcel Link
- Interactive Day Trading: Ultimate Trading Guide, Satish Gaire
- How to Day Trade, Ross Cameron
Day trading books in 2022 – 10 best picks detailed overview
1. A Beginner’s Guide To Day Trading Online, Tony Turner
Great for new stock traders, this book has more than a thousand positive feedbacks on the Amazon book market. It’s a must-have reading for those who are about to try their luck in the markets and want to start from scratch. In extremely plain language, Turner explains things related to complex tech analysis, Japanese candlesticks, and risk management.
Also, you will learn all the necessary skills to start daily trading and entry and exit your trading positions. These days, writing about trading on the financial market is challenging since markets are very tumultuous and changing. However, by reading this book, you will be armed with evergreen information regarding trading assets, new interesting products such as ETFs, and many more.
2. Tech Analysis of the Financial Markets: Comprehensive Guide to Trading Methods and Applications, John J. Murphy.
If tech analysis is your weak point or you just want to expand your already decent knowledge, this book should find its place on your bookshelf. It’s a great manual approaching complex and a little bit dry topics engagingly and interestingly.
Besides theoretical parts, it abounds in examples, so the reader is gradually introduced to many tech analysis concepts in a comprehensive and straightforward manner.
This book is an updated version of the previous one from the same author. The first version of this book was focused on tech analysis in futures trading. This version represents the overview of the financial market in general and the importance of using tech tools in day trading activity.
3. Japanese candlestick chart techniques: a guide to the ancient investment techniques of the Far East, Steve Nison.
Another awesome reading on tech analysis emphasizes the importance of referring to Japanese candlesticks when trading online. Using Japanese candlesticks can enhance any tech market analysis by fusing them with other indicators available.
These candlesticks can also be used as a stand-alone technical model. Reading Nison’s book and mastering the implementation of Japanese candlesticks in your trading will help you better grasp the markets’ direction and make better trading decisions.
Written in an easy-to-understand style, this book is suitable for complete rookies as well as for season technicians aiming to enrich and enhance their skills.
4. Mark Douglas, Trading in the Zone
With over five thousand positive reviews, this book is groundbreaking regarding trading psychology and risk management. According to many reviews of the book, it’s among their best readings tackling trading psychology.
But how can it concretely help you in your day trading? Even if writing doesn’t tackle trading strategies or graphic charts reading, it can change your mindset and make you avoid making emotionally based decisions that could harm trading outcomes. It will help better trading discipline and mitigate risks. While reading, you will certainly take notes all the time you maintain in order to come back to the most insightful parts over and over again.
5. “The Simple Strategy,” Markus Heitkoetter
“The Simple Strategy” targets an intermediate skill level audience with some trading experience under their belt. If you have only been focused on trading on the stock market so far, getting to know his strategy will entice you to explore new assets.
Heitkoetter’s awesome strategy is easily applicable to all financial markets. And by starting trading Forex, ETFs or futures, you are not only diversifying your trading portfolio but also hedging the risks related to the markets’ volatility.
By showing you clearly and concisely how to rely on indicators such as moving averages, RSI, Bollinger bands, and range bars, the author teaches you to identify the best opportunities and react accordingly.
The strategy is called simple since you will recognize the exit point even before you enter the position. In that way, you have a clear risk perspective which is vital for better capital management.
However, beware, it’s not an introductory book. It would help if you had at least a basic grasp of how to use the charts and read them properly. With this prerequisite knowledge, you are set to debunk one of the most reliable financial markets’ trading strategies
6. “The Truth About DayTrading Stocks,” Josh DiPietro
This piece of writing is absolutely to be paired with the previous book we mentioned, trading in the Zone. Combining the two gives you valuable insight into how to pick the right assets according to your trading profile and how to set trading orders, primarily stop loss.
Therefore it mainly focuses on risk management. In general, his writing prepares you to venture into stock trading with caution, discovering the main uncertainties and adversities you may encounter.
It teaches you in a detailed way how to overcome these obstacles and how to determine the best opportunities in the markets. With this book in hand, every trader is properly armed to avoid imminent risks and maximize their winning potential.
7. “How to Day Trade for a Living,” Andrew Aziz
It’s a comprehensive overview of becoming a professional, successful trader who makes steady profits—written by one of the most prominent names in the trading world today. He’s also the creator of one of the most popular and successful trading courses called Bear Bul Traders.
Reading this book is like gaining knowledge and information from his courses but at a better price. Aziz hits the most important topics related to day trading. He guides the reader thoroughly and gradually, starting from the mechanisms of the day trading process through the methods of choosing the best trading assets and trading platforms on the market.
It’s also an introductory piece of writing for trading tools, risk management, and trading psychology.
8. ”High Probability Trading: Take steps to Become a Successful Trader”, Marcel Link
Written in a concise style, in plain language, the author explores the probabilities of winning on the market even if you are not an expert trader. It shows you that it is actually possible to reap profits on the financial markets with day trading techniques, even if you are not a seasoned vocational trader.
It’s an eye-opener reading for all those still having hesitations about venturing into trading endeavors. The concrete examples of trading processes sprinkled throughout the book make you realize that with a good trading toolbox, willingness to stick to trading discipline, and trading plan, anyone can benefit from day trading online these days.
9. ”Interactive Day Trading”: Ultimate Trading Guide, Satish Gaire
Interactive Day Trading book covers all aspects of day trading, from technical trading, market fundamentals, the best ways of picking the right asset, and a step-by-step checklist for risk management. The reading is interrupted by many quizzes so you can master each concept presented in the book. It represents a gold mine of information represented in an easy-to-understand way and is illustrated with many visuals.
10. ”How to Day Trade”, Ross Cameron
And finally, we present to you the book How to Day Trade, where the author teaches you the ins and outs of the day trading method. What’s so special about this book? It is a first-hand day trading experience that the author also shares via his youtube channel.
By watching his channel, you see the real trading happening in front of your eyes, which is the ultimate way to learn the process. He shares experiences from his real trading session, scrutinizing every move to outline its perks and downsides.
This book opens the door to the trading world to newbies but also satisfies the need for professionals to enhance their skills. We strongly recommend watching his streams on youtube, but above all, feed your brain with the content available in his book. There are really groundbreaking thoughts you can benefit from.
Best books on day trading – Conclusion
Stepping into the world of day trading for the first time is full of unknowns. However, if you approach it systematically and gradually develop your trading skills, you are less likely to meet adversities. Day trading, as simple as it is, can become simple only if you learn it from the best. And the list of the best trading books we overview represents the educational resources trusted by thousands of satisfied readers and successful traders. Make sure to check out at least a couple of them since they can really make a difference in your trading career.
