This is the thread about books related for stocks, forex, financial market and economics. Please make a post about books with possible cover image, short description and official link to buy (amazon for example).
Posts with links to unofficial resellers will be deleted
10 Important Books To Make You A Better Investor In 2017 (adapted from the article)
Short Reads For Beginners
The Elements of Investing: Easy Lessons for Every Investor by Burton Malkiel and Charles Ellis"These authors each penned one of “The Classics” below, but they join forces to provide one of my favorite short reads on investing and saving. Perfect for readers of all ages and experience levels."
The Little Book of Common Sense Investing by John Bogle"Jack Bogle, the father of the index fund, helped revolutionize investing. Bogle has written many books, but this relatively short one contains a lifetime of wisdom."
A Random Walk Down Wall Street by Burton Malkiel"A must own for serious investors, Burton Malkiel explains the difficulty of predicting stock prices, but also focuses on aspects of investing at different stages of life."
Winning the Loser’s Game: Timeless Strategies for Successful Investing by Charles Ellis"This book is a classic and should be required reading for investors of all levels. With markets seemingly getting more unpredictable by the day, this book helps you avoid common traps and raise your probability for success."
Thinking, Fast and Slow by Daniel Kahneman"Daniel Kahneman won the 2002 Nobel Prize in Economic Sciences for his work in behavioral finance. There are countless lessons applicable to investing, but this will also transform the way you think about choices we make in business and our personal lives."
The Success Equation: Untangling Skill And Luck in Business, Sports, and Investing by Michael Mauboussin "This book is a slam dunk for a sports fan, but extremely useful to all investors. We quickly attribute our successes to skill, but luck plays a far greater role than most people realize. Mauboussin provides framework for identifying skill versus luck and makes concrete suggestions for using this knowledge to your advantage."
Against the Gods: The Remarkable Story of Risk by Peter Bernstein"Peter Bernstein explores the history of money through the lens of financial risk, beginning in ancient times and into the modern world of portfolio theory. Bernstein does an excellent job explaining the underlying mathematics in simple terms, making this book very informative and relevant to practitioners."
Fooled By Randomness by Nassim Taleb"Serious investors will find this Nassim Taleb's stories to be highly insightful. Using a combination of his own experiences as well as stories of others successes and failures, Taleb to help us better understand the role of chance in the world around us."
Investment Books That Will Make You Laugh
The Devil’s Financial Dictionary by Jason Zweig"Funny and easy read. Jason Zweig, known by most for his columns in The Wall Street Journal, is one of the best writers around. This book is relevant for anyone that has been exposed to the investment industry as an employee or customer."
Where Are the Customers’ Yachts? By Fred Schwed "The title is based on the story of a man admiring the yachts of New York bankers and brokers, but then wonders: where are the customers’ yachts? This book was written in the 1940’s, but still portrays many truths about the business of Wall Street."
Trade the News in Forex: How to Capitalize on the Biggest Moves in the Marketby
Michael Duane Archer
How to profit from news that moves the Forex market
Trade the News in Forex shows readers everything they need to know to
profitably trade specific Forex news events. It begins with a discussion
of what constitutes Forex news, then highlights several common news
trading techniques and outlines how broker dealers have worked to
counter these measures. The author covers several more sophisticated
techniques and systems, directs readers to a multitude of resources
available, and outlines how to combine these techniques into a current
trading strategy. There is money to be made trading Forex news, and this
book will show readers exactly how.
Michael Archer (Golden,CO) has been an active Forex and commodity
futures and Forex trader for over 30 years. He is the author of Getting
Started in Forex Trading Strategies and coauthor of the first Getting
Started in Currency Trading, Second Edition, The Forex Chartist
Companion, and Charting the Major Forex Pairs, all from Wiley. He hosts
the Forex Web site.
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read February 2014
Sergey Golubev, 2014.02.25 16:46
Cloud Charts : Trading Successful with the Ichimoku Technique by David Linton
David Linton, the author of Cloud Charts, had his interest in Ichimoku
charts `sparked' during a presentation by Rick Bensignor at the 2004
IFTA conference in Madrid. David had heard of the method prior to the
conference but credits Rick with presenting it in an `understable' way.
David set out on a quest for Ichimoku knowledge. He researched the
internet, questioned Japanese delegates at subsequent IFTA conferences,
sought out Rick Bensignor at conferences and meetings and even flew to
Tokyo. The fruit of that quest is the book, Cloud Charts.
The Ichimoku method is now fast becoming popular in Western trading
rooms and is available on almost all technical analysis software. David
must take some credit for turning what seemed to be an exotic and
complicated method into an easily understandable and robust trading and
analysis tool for non-Japanese speaking technical analysts.
So, what is Ichimoku? The full name of the method is Ichimoku Kinko Hyo
which means 'at one glance balance bar chart'. Ichimoku charts were
devised by Goichi Hosoda , a Tokyo journalist, who believed that once
the method was fully understood, one could comprehend the exact state of
a market at a glance. Most of the Ichimoku indicators represent
equilibrium in one time frame or another and price action is generally
analysed with regard to whether the market is in equilibrium, moving
away from it or reverting back to it. By their nature, the various
indicators also offer dynamic areas of support or resistance.
Cloud Charts is divided into three parts. The first is for the novice
technical analyst and is designed to give them an understanding of many
basic technical analysis concepts involved with not only Ichimoku
analysis but also traditional techniques. More experienced technical
analysts may wish to skip this part.
Part two introduces the reader to the basic indicators used in Ichimoku
charts (David calls them cloud charts). This section deals with the
derivation and interpretation of:
1. The Turning Line (also called the Conversion Line)
2. The Standard Line ( also called the Base Line)
3. The Cloud Span A ( also called the Cloud Span 1)
4. The Cloud Span B (also called the Cloud Span 2)
5. The Lagging Line ( also called the Lagging Span)
Part two offers a guide to applying Ichimoku charts in a multiple time
frame sense, as well as the often overlooked Wave Principle, Price
Targets and Time Span Principle. However, the application of Ichimoku
charts to price and time projection is very subjective and for that
reason alone the projections are quite often not utilised by even
Looking at an Ichimoku chart, it's no surprise that analysts are
sometimes turned off by the busyness of the chart. It can look like
chaos to the uninitiated but the key to getting past that is
understanding the formula to each indicator, how they combine with each
other, how they represent a consensus of price action in different time
frames and colour-coding. In part two David explains construction and
interpretation of the charts in a manner that is easy for any newcomer
to technical analysis let alone a professional on a trading desk.
Part three, is where we are encouraged to think outside of the box.
Here, the use of Ichimoku charts are combined with other technical
analysis techniques, alternative time inputs into the indicators are
suggested and the application to market breadth analysis is considered.
There is also a chapter on back testing for the quantitative traders to
Overall, this book, in an easily read manner, brings together the body
of knowledge of a Japanese technical analysis method which was once
thought of as exotic and over-complicated. It has potential to become
the definitive English language text on the Ichimoku Kinko Hyo technical
by M. A. Soupios and Panos Mourdoukoutas
Here are 12 quotes from the book that provide a glimpse into the qualities and practices of great leaders:
Something Interesting to Read March 2014
Sergey Golubev, 2014.03.18 06:47
Technical Analysis Explained Fifth Edition : Martin Pring
The face of investing has significantly changed in the 30 years since
this book's first publication, but one essential component of the
markets has not--human behavior. Whether you're trading cornerstone
commodities or innovative investment products, observing how investors
responded to past events through technical analysis is your key to
forecasting when to buy and sell in the future. This fully updated fifth
edition shows you how to maximize your profits in today's complex
markets by tailoring your application of this powerful tool.
Tens of thousands of individual and professional investors have used the
guidance in this book to grow their wealth by understanding,
interpreting, and forecasting significant moves in both individual
stocks and entire markets. This new edition streamlines its
time-honored, profit-driven approach, while updating every chapter with
new examples, tables, charts, and comments that reflect the real-world
situations you encounter in everyday trading. Required reading among
many professionals, this authoritative resource now features:
Properly reading and balancing the variety of indicators used in
technical analysis is an art, and no other book better illustrates the
repeatable steps you need to take to master it.
When used with patience and discipline, Technical Analysis Explained,
Fifth Edition, will make you a better decision maker and increase your
chances of greater profits.
Sergey Golubev, 2017.01.07 00:02
The New Book By The Math Professor Who Beat Las Vegas & Wall Street (based on the article)
Ed Thorp's new book is "A Man For All Markets: From Las Vegas To Wall Street, How I Beat The Dealer And The Market" (Random House, January, 2017).
A Man for All Markets: "A Man For All Markets: From Las Vegas To Wall Street, How I Beat The Dealer And The Market
The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.
Something Interesting to Read January 2014
Sergey Golubev, 2014.01.26 21:46
Momentum, Direction, Divergence : William Blau
In this latest volume, technical expert Bill Blau shows you how
momentum, direction, and divergence form the basis of most technical
indicators and how they can work for you to provide a considerable
competitive advantage. Clearly, concisely, and with a minimum of complex
mathematics, Blau shows you how to understand and apply them.
Integrating the latest financial insights with more than 75
easy-to-follow graphics, Blau describes the uses and limitations of many
of today's most notable technical indicators. He then demonstrates a
variety of ways in which the principles of momentum, direction, and
divergence can be used to create a versatile new set of technical
indicators or to improve the effectiveness of the most widely used
Focusing on the groundbreaking double smoothing concept, which he introduces for the first time in this book, William Blau:
The first part of the article "Indicators and Trade Systems in MQL5 by
William Blau. Part 1: Indicators " is a description of indicators and
oscillators, described by William Blau in the book "Momentum, Direction, and Divergence".
The article describes the following groups of indicators:
Algorithmic and High-Frequency Trading (Mathematics, Finance and Risk)by Álvaro Cartea (Author), Sebastian Jaimungal (Author), José Penalva (Author)
The design of trading algorithms requires sophisticated mathematical models backed up by reliable data. In this textbook, the authors develop models for algorithmic trading in contexts such as executing large orders, market making, targeting VWAP and other schedules, trading pairs or collection of assets, and executing in dark pools. These models are grounded on how the exchanges work, whether the algorithm is trading with better informed traders (adverse selection), and the type of information available to market participants at both ultra-high and low frequency. Algorithmic and High-Frequency Trading is the first book that combines sophisticated mathematical modelling, empirical facts and financial economics, taking the reader from basic ideas to cutting-edge research and practice. If you need to understand how modern electronic markets operate, what information provides a trading edge, and how other market participants may affect the profitability of the algorithms, then this is the book for you.
GDP is one economic model among several that could serve the
purpose, but its use conveniently leads to policies that reflect the
thinking of a particular school of economic monetary and fiscal policy
We all know that in operating a business we need to be able to
measure the profits of our company and then adjust our prices and
production to make sure that there are enough profits to adequately fund
the company. That is a relatively straightforward process, since the
amount of money in the bank at the end of the month is a real number.
GDP: A Brief But Affectionate History is a fascinating 140-page
book that I cannot recommend highly enough. This is simply the best
book on GDP that I’ve ever seen. You can read it on a few hours’ plane
ride or a lazy Sunday afternoon. And Ms. Coyle actually makes a
relatively dry subject interesting and at times a page-turner. She has a
Ms. Coyle starts with the predecessors to Adam Smith and takes us
through the 17th century right up until today with the development of
GDP, so we see the ebb and flow of ideas through time. Who knew the
early developers of the model did not want to include defense spending,
as they saw it as a wasteful, nonproductive activity? Or that Adam Smith
thought the inclusion of services in the concept was misleading. “The
provision of more services was a cost to the national economy, in his
view. A servant was a cost to his employer, and did not create
anything. Importantly, money spent on warfare or the interest on
government debt was also being used unproductively. The nation’s wealth
was its stock of physical assets less the national debt. National income
was what derived from the national wealth.”