7 Brilliant Books for Stock Trading Digital Nomads
The stock market is one of the main places where fortunes are made — and lost. With movies like the Wolf of Wall Street and apps like Robinhood, a new generation of investors have been inspired to play The New York Stock Exchangem NASDAQ, and other markets. Plus, the idea of learning how to make money from anywhere in the world adds to the allure of trading.
Of course, with the amount of opportunity that exists to make money, the temptation will be to immediately dive in head first. However, it’s not a coincidence that the most successful investors share a common hobby: reading. The best way to learn about stock market fundamentals and how to create the right investing strategy for you is to seek knowledge directly from those who have achieved wild success in this arena.
Whether you want to become a stock market guru or you simply want to generate some extra income, we’ve compiled a list of the 7 best books for stock trading digital nomads.
These brilliant books on the stock market will teach you:
How to build your stock portfolio
How to read the stock market and its various patterns
How to read financial information and other technical info
7) The Intelligent Investor by Benjamin Graham
Originally released in 1949 by Warren Buffett’s college professor, The Intelligent Investor is widely considered the best book on investing to have ever been written. Graham outlines and elaborates on value investing and gives readers a path to follow. His chief intention is to prove long-term strategies that keep your portfolio safe and build sustained growth while others take big risks and incur big losses as a result. Knowing which investments will be successful requires one to have the ability to evaluate company fundamentals and performance over market swings. This book has served as a crystal ball of sorts, holding up for 70+ years of bull markets, bear markets, and crashes.
6) Market Wizards by Jack D. Schwager
In Market Wizards, the world’s top traders share the experiences and secrets that helped them achieve superstardom. By examining the stories of Richard Dennis, Bruce Kovner, Paul Tudor Jones, and others, Schwager seeks to reveal what separates these traders from the rest of the pack. He boils the common steps into a series of principles in this book of interviews and anecdotes (for example, traders in Market Wizards turned $30,000 into $80 million, averaged 30% returns each year for more than two decades, and T-bond futures traders parlayed $25,000 into $2 billion).
5) How to Make Money in Stocks by William J. O’neil
William J. O’Neil puts his seven-step CANSLIM Investing System on full display in How to Make Money in Stocks: A Winning System In Good Times And Bad. CANSLIM is all about maximizing gains and minimizing risk. The larger the sample size, the more reliable the data. Fortunately, his system and the book is based on a 100-year study on stock market winners. In this stock market bible, you’ll find tips for picking hot stocks, mutual funds, and ETFs, while avoiding the 21 most common mistakes investors make. O’Neil achieved a 5000% return over a 25 year period by implementing the techniques he espouses in How to Make Money in Stocks.
4) Trade Like A Stock Market Wizard by Mark Minervini
U.S. Investing Champion Mark Minervini reveals the proven trading system he used to achieve triple-digital returns for half a decade, ranging 220% to 33,500% annually. Minervini’s system is similar to CANSLIM, which merges fundamental and technical analysis. Trade Like A Stock Market Wizard is the epitome of learning from the best.
3) The Complete TurtleTrader by Michael W. Covel
The Complete TurtleTrader is the real life story of a group of randomly selected people who were invited into a special trading program. After a 2-week crash course on trading, these individuals were left to their own devices. The result? They made millions using the strategies they learned in the course. This book goes deep into the trend following method and covers entries, exits, risk management, and more.
2) Following The Trend: Diversified Managed Futures Trading by Andreas Clenow
Following The Trend is another brilliant book focused on trend following. More specifically, Andreas Clenow explains how it can consistently beat a buy and hold approach. Clenow reveals the details of his trading strategy and the end results. One of the reasons this is among the best books for stock trading is that Clenow guides readers through the psychological aspect on a trade-by-trade basis over the course of many years of his personal experience.
1) Beating The Street by Peter Lynch
In Beating The Street, legendary money manager Peter Lynch offers the strategies that helped him run one of the most successful funds of all time. Lynch’s key advice about investing in what you know earned him household recognition along with his advice on how to pick stocks and mutual funds to build a strong investment portfolio. Lynch also tells readers not to view stocks as lottery tickets. There’s nothing random about the stock market. Instead, there are reasons stocks perform the way they do — the companies behind them. He shows you how to read and properly analyze these companies’ financial records and how to properly pick a winning horse and outperform the experts.
