18 Best Trading Books For Stocks, Options and Forex In India

Books are a great way to learn about investing and trading and understand how to make money from money. So, if you are looking for the best books on the stock market in India, you have come to the right spot. In this guide blog post on the best trading books, I’ll walk you through the collection of the best books to read as a beginner and as an expert on trading, share markets, money, value investing, and everything in between.

All the books listed here are written by experts and traders with years of experience who have been in the market for more than a decade and created a significant amount of wealth over time. So, reading books by experts would surely add value to your knowledge and help you to truly understand money and the market.

So without further ado, let’s get started.

18 Best Trading Books

1. The Intelligent Investor

The Intelligent Investor

If you are looking for trading books for beginners, then this is it. Written by the greatest investor of all time, Benjamin Graham, this book is the best gift to all those who want to invest their money and earn from the markets. It aims at safeguarding the investor’s money and helping them with strategies of long-term investment, which is also called value investing. In this book, Graham has explained various principles of money, investing, and trading in stocks safely and successfully without incurring major losses.

This is the latest edition of the book, which highlights the financial orders and plans to help you grow your money safely and hassle-free. The best part of the book is the strategies and techniques mentioned, which can also be applied by a beginner or newbie in the market.

As you dive deep into this book, you’ll learn how to buy stocks or bonds for their intrinsic value and hold them for a longer duration. Besides, it will also teach you how to estimate the value of a stock based on the company’s long-term vision, quality of management, financial strength, and capital structure.

Why should you read it?

Currently, this is the most insightful book on investing and making money from holding stocks for the long term based on their intrinsic value. This is not a book on how to become rich quickly by investing in stocks; rather, it guides you through the power of value investing.

Pros

  • Easy to understand
  • Simple concepts
  • Beginner friendly
  • Affordable
  • Written by an expert investor

Cons

  • No cons at all.

2. How to Make Money in Intraday Trading: A Master Class by One of India’s Most Famous Traders

How to Make Money in Intraday Trading: A Master Class by One of India’s Most Famous Traders

If you are seriously looking for the best book on trading in India, then this is it. Written by one of the most famous market analysts and expert traders, Ashwini Gujral, this book is surely your gateway to the Indian stock market and trading. The core focus of the book lies on technical analysis and how to use it to the fullest to make money in trading.

The book talks about no-nonsense techniques, strategies, tips, and insights surrounding day trading in India. It will also help you get equipped with the skills, temperament, and knowledge required to make money in the market. Ashwani has also done a great job by writing about his time-tested trading strategies and system, which are easy to learn and understand.

You don’t have to be a seasoned player in the market in order to understand the book. Even if you have basic financial knowledge, you can think of buying this book.

In this book, Ashwani talks about the 3Ms of trading success, which are method, money, and management, and how the combination of all three M’s can be leveraged to kick-start your trading career. Ashwani also talks about the technical pillars of the market, which are moving averages, pivots, candles, trade management, and some exit tactics to help you buy and sell your share at the right time and book your profits.

Why should you read it?

It is loaded with more than 200 examples, case studies, and charts to show you how to approach the market every single trading day like a professional investor.

Pros

  • The technical analysis is dwell. well.
  • Charts and diagrams
  • Easy to read and understand
  • Simple language is used. sed.

Cons

  • Does not cover fundamental analysis.

3. Trading in the Trading Zone

Trading in the Trading Zone

Do you want to improve your trading decisions and minimize trading errors? If yes, then this book on stock trading is just for you. Written by seasoned traders and investor advisors, this book will explain to you what kind of mindset is needed to win the market and guide you through trading strategies.

In the market, even the most experienced and pro-traders can suffer setbacks from poor decisions and trading errors. They also lack the necessary confidence to conduct the trades properly. This highlights the mistakes that traders make and will teach you about the state of mind required to make successful trades in the market.

It also teaches traders to think in terms of probabilities and how to adopt another’s mindset. There are also some practical examples mentioned in the book to make it easy to understand for beginner traders.

Why should you read it?

Trading in the Zone is a must-read book for any beginner or serious trader who wants to develop a mindset just like a professional trader. The book gives you some practical examples, insights, and case studies on what it takes to think and perform like a pro trader in the market. The author has also done a great job by using a pictorial representation of ideas and examples to make it easier to digest.

Pros

  • Learn trading zones
  • Case studies
  • Examples included
  • Pictorial presentational of inforamtion

Cons

  • Not for beginners

4. The Psychology of Money

The Psychology of Money

The Psychology of Money” is a book that dives deep into the intricate relationship between psychology and money. Authored by Morgan Housel, who is a well-known financial writer, the book likely explores the various psychological factors that influence our financial decisions, often in ways we may not fully understand.

Here are some potential topics and themes that might be covered in the book:

Behavioral Economics: The book might discuss insights from behavioral economics, a field that studies how psychological factors impact economic decisions. It could explore how emotions, biases, and cognitive errors play a role in financial choices.

Money Mindset: Housel may delve into the different mindsets people have towards money and how these mindsets can impact financial success. This could include discussions on risk tolerance, saving habits, and long-term financial planning.

Historical Perspectives: The author might use historical examples to illustrate how psychological factors have influenced financial markets and economic events. Understanding the past can often provide valuable lessons for navigating the present and the future.

Why should you read it?

The best thing about this book is how the complex financial concepts are explained in simple narratives that resonate with readers of all backgrounds. The author’s writing is very insightful and engaging and does not involve any complex jargon, making it delightful to read for anyone seeking to improve their financial knowledge.

Pros

  • Case studies included
  • Understand human nature before investing.
  • Not a technical book
  • Easy to read and understand

Cons

  • No trading strategies

5. Price Action Trading

Price Action Trading

In this insightful work penned by Sunil Gurjar, the visionary behind Chartmojo, embark on a journey to enhance your securities trading skills by mastering the art of timing entry and exit points through the lens of price action. Liberating you from excessive reliance on technical indicators, Gurjar’s book unfolds a unique approach, blending simplicity with profound insights. Tailored for those aspiring to grasp the intricacies of technical analysis, particularly in the realm of price action, this literary gem finds its application in intraday trading, swing trading, and positional trading.

Within the pages of this literary guide, traders and investors alike will unravel the fundamentals of price action technical analysis, empowering them to discern opportune moments for profitable engagements in the market.

Gurjar’s methodology employs a diverse array of technical analysis tools, such as support-resistance dynamics, moving averages, candlestick patterns, and chart patterns. Each concept is elucidated through compelling case studies and illustrative charts, ensuring a comprehensive understanding of the nuances involved in price-action trading.

Why should you read it?

The book extends its reach into the realm of risk management, equipping readers with essential techniques like position sizing, strategic placement of initial stop losses, and the maintenance of a meticulous journal. With Gurjar’s guidance, we developed a personalized approach to navigating the unpredictable terrain of trading and investing, setting the stage for informed and strategic decision-making.

Pros

  • Lots of trading strategies were mentioned. ioned.
  • Simple concepts
  • Easy language
  • Charts and diagrams used
  • Examples given

Cons

  • Beginners might find it difficult.

6. Supply and Demand Trading

Supply and Demand Trading

The next book on this list of the best books for the stock market is Supply and Demand Trading by Frank Miller. This book will walk you through the advanced supply and demand zones in the market and how you can leverage them to make the best trade.

One of the most awful things that traders face is the failure to determine which setups to give up and which ones to avoid. Also, market signals are something that many traders miss out on. Ups and signals are located in a trade zone, which is what this book is all about. The big Theay paid attention to how to explore true trade opportunities and much more. Thimuchook will walk you through all of these in one shot.

So if you want to become a serious trader and understand how the big players make money, this book is your go-to destination.

Why should you read it?

The book is very well written, starting with the fundamental concepts of demand and supply. It slowly dives deep into advanced trading strategies and techniques by making sure that you have enough knowledge about the fundamentals in the beginning. The author’s writing style is clear and to the point, making the complex topics easy to understand for beginner traders as well.

Pros

  • Supply and demand concepts
  • Learn candlestick patterns.
  • Learn the fzoneone
  • Understand trading zones and gaps.

Cons

  • No cons at all.

7. How to Avoid Losses and Earn Consistently in the Stock Market

How to Avoid Losses and Earn Consistently in the Stock Market

Whether you are trading or investing for the long term, the most important thing in the market is to avoid big losses. Still, 80% of retail investors suffer losses in the market. If you want to learn how to avoid losses in the market, this book on the stock market is waiting for you.

Written in simple and easy-to-understand language, this book on trading by Prasenjit Paul will teach you how to select sound businesses, when to buy and sell stocks, and, above all, how to minimize the risk and loss in the markets. Chapter 1 itself is about how to avoid losses in the market. The other chapter focuses on fundamentals, the basics, and how to pick winning stocks.

Why should you read it?

This is a very well-written book, with nonsense topics included about the stock market. It is on paper, and each chapter will give you deep learning and valuable insights about the market. After completing this book, you will be able to avoid major and big losses in the market for sure.

Pros

  • Simple and easy to read
  • Up to the point
  • Suited for beginners
  • Focuses on value investing

Cons

  • No advanced topics are covered.

8. Don’t trade before learning these 14 candlestick patterns.

Don't trade before learning these 14 candlestick patterns.

If you want to become a trader in India or if you want to execute the best trades, then you must have sound knowledge of reading candlesticks and their patterns. Candlesticks are an important technical analysis part that tells about the fall and rise in stock price over a period of time. So, if you want to learn about candlesticks and level up your trading game, then this book is for you.

This book on stock trading for beginners makes it easy for anyone to learn the best patterns of candlestick trading in a short time. From basic to advanced, it covers each topic and part of Candlesticks in very much detail, which will help beginners and newbies learn from the basics while expert traders can hone their existing skills.

In this book, the author has talked about the 14 most important candlestick patterns that have helped traders over 85% of trade opportunities with a win ratio of 80%. The book is also divided into two parts. Part 1 talks about the basics of candlestick patterns, which are for beginners, while Part 2 is about 14 important candlestick patterns and the logic behind each pattern.

Why should you read it?

This covers everything that traders must know about candlestick patterns, and readers of the book can be sure that it will improve their trading skills and help them trade with a high winning ratio.

Pros

  • Simple language
  • Small book
  • Easy to read
  • Simple language
  • Beginner friendly

Cons

  • Fewer case studies

9. A-to-Z Share Market (Intraday Trading)

A-to-Z Share Market (Intraday Trading)

Are you looking for a stock market book for beginners? Do you want to learn everything about the stock market from the beginning? If your answer to the above two questions is yes, then this book has got your back covered. From how to trade in the stock market to understanding charts and patterns, this book will guide you on each topic of the stock market in complete depth.

There are altogether 25 lessons in the book, each talking about share market insights, tips, and strategies for intraday trading. Each lesson is well-written, with examples and case studies in some cases to help beginners understand more about the market.

Another good thing about this book is that the author has explained a good number of statistical tools and techniques to help beginner traders identify the opportunities and threats in the market.

Why should you read it?

I must thank the author for using simple language and for explaining everything in depth, right from the basics of concepts like what a share market is. how to trade and avoid losses, and so on. Even if you know a few things about the stock market, I would still recommend it to you for enhancing your knowledge.

Pros

  • Understand the basics of the stock market.
  • Learn how the market works.
  • Understand market forces.
  • Suited for beginners

Cons

  • Misses out on advanced concepts

10. The Subtle Art of Intraday Trading

The Subtle Art of Intraday Trading

As the name says it all, this book will offer you the best trading psychology for the Indian markets. I won’t recommend it for beginners, as some terms and terminologies require an advanced and sound understanding of the market. But if you have basic knowledge, then I would recommend this book.

It covers the technical aspects of trading, market behavior, candlestick patterns, and charts, with loads of examples to help you make money in the market. It is written in a planned manner and will give you valuable exposure to new trading strategies in a short time.

Why should you read it?

This book covers all the relevant ideas of day trading and is presented in a nice and understandable style. Plus, the book is useful for both beginners and advanced traders. 

Pros

  • Understand trading psychology 
  • Learn about the money mindset 
  • Intraday trading tips

Cons

  • Slightly difficult to understand

11.Secrets Fibonacci Trading

Secrets Fibonacci Trading

This is yet another amazing stock trading book by Frank Miler, which teaches some amazing trading strategies and techniques based on the Fibonacci tools, which are a set of tools discovered by an Italian mathematician centuries ago.

The chapters of the book revolve around step-by-step guidance on how to draw Fibonacci retracement and extension levels, the logic behind using the leading oscillators, how to take your profit level using the Fibonacci techniques, and so much more.

Why should you read it?

The majority of the traders fail in the market because they don’t understand the simple trading system and also don’t adopt the trading mentality, which leads to losses in the market. This book focuses on both the simplicity and clarity of trading strategies and the mindset needed so that you can benefit from them and make money in the market.

Pros

  • Learn advanced trading strategies.
  • Get the trader mindset.
  • Written by the top trader himself
  • For pro traders only

Cons

  • Not for beginners

12. One Up on Wall Street

One Up on Wall Street

Written by the famous fund manager Peter Lynch, this book will tell you about the advantages that the average investor has over the other pro traders in the market and how they can use them to the fullest extent to make money in the market.

Even beginners can read this book for those who don’t know anything about the stock market and want to learn the basics from the best. The book also talks about the history of the American stock market right from the beginning and some tips, strategies, and techniques for traders and long-term investors in general.

Why should you read it?

The printing and quality of the book are really great, and the book also offers recommendations on money businesses to help you invest your money more wisely in a diversified format.

Pros

  • Learn about the American stock market.
  • Easy to read
  • Knowledge on Wall Street

Cons

  • Not for Indian traders

13. Stock-Investing Mastermind

Stock-Investing Mastermind

Specially written for Indian investors, this book will surely make you an independent trader and investor with the ability to find winning stocks, invest in growth stocks, and make profits. It will talk to you from the absolute beginning and progress to explain how stock prices are calculated, how to generate stock ideas, how to read companies’ financial statements, and so much more.

The beauty of this book is that it is very simple to read and understand. All the concepts, strategies, and tips are mentioned in the most simple and easy-to-understand manner. It will also teach you the principles of growing your investment by 10x over the years. So, the ideal beginners who have just entered the Indian stock market must surely read this book.

Why should you read it?

This is the ideal book for those who want to kick-start their stock marketing journey or already have a strategy and are trying to learn about the correct strategies for investing. It will not only be about investing but also about the investors’ mindset and trading psychology.

Pros

  • Learn advanced trading strategies.
  • Get the trader mindset.
  • Written by the top trader himself
  • For pro traders only

Cons

  • No cons at all.

14. Taxmann’s Investing in Stock Markets

Taxmann's Investing in Stock Markets

Taxmann’s “Investing in Stock Markets” gives you a great chance to understand stocks and equity shares really well. This book dives deep into how you make decisions about investing, what the environment is like for investing, and how trading works in the stock market. Plus, you’ll learn about lots of ideas, tools, and methods for investing in financial assets. This book uses lively examples and good illustrations to explain everything. This guide makes sure you really understand how the stock market works.

Why should you read it?

Let me help you understand why reading this book is beneficial. After you read each chapter, you will find plenty of solved problems. These problems are there to help you understand and use the concepts explained in the main text. Plus, you can check your understanding by taking a test at the end of each chapter. Each chapter offers different types of assignments, like true or false statements, theory questions, and numerical problems. This way, you can apply what you have learned and make sure you’ve got a solid understanding of the material.

Pros

  • Learn the investment decision process.
  • Learn the trading mechanism in stock.
  • Practice Exercise

Cons

  • No cons at all.

15. 41 Tips for Success in the Share Market by Mahesh Chandra Kaushik

41 Tips for Success in the Share Market by Mahesh Chandra Kaushik

This book stands out as one of the best resources for both beginner and experienced investors. It guides you to enhance your knowledge and achieve success in the stock market. The book imparts a basic understanding of the stock market, including its workings, terminology, and key concepts. Furthermore, it stresses the importance of risk management and provides insights into minimizing losses while maximizing returns.

Why should you read it?

41 Tips for Success in the Share Market” is the best book to enhance your financial future. Do you know what makes this book truly special? It’s the valuable hookpoint it offers. It’s not just about the tips and strategies; it’s about how these insights can turn you into a savvy and successful investor.

Pros

  • Practical Tips for Investing
  • Learn risk management.
  • Learn about wealth creation.
  • For Beginners and Experienced Investors

Cons

  • No cons at all.

16. Stock Market Crash

Stock Market Crash

This is a stock market crash course book by Pushkar Raj Thakur, a top-rated finance YouTuber in India. This book will introduce you to the world of the Indian stock market, investing, and finance. It is written with both beginner and experienced investors in mind, so anyone can learn from it.

The book starts with an introduction to the Indian stock market and dives deep into advanced trading strategies. In short, it is just like a stock market crash course. It also provides precise and taunt analysis of the stock market, investing strategies, market trends, and so much more.

The author has also provided practical examples on how to pick and analyze stocks, read balance sheets, use fundamental and technical analysis, and so much more.

Why should you read this book?

This book will prove to be your essential guide because it offers important and valuable information on the Indian stock market.

Pros

  • Simple to read
  • Trading strategies
  • Option strategies
  • Investing tips

Cons

  • No cons as such

17. A Beginner’s Guide to the Stock Market

A Beginner's Guide to the Stock Market

As the name says, this trading book is for absolute beginners and newbies—those who don’t know anything about the stock market and want to learn about it from the beginning. It starts with the what and how of the stock market and then teaches you some basic terms and terminologies.

Besides, the author has also tried his best to mention his own techniques and strategies for investment and trading in simple and easy-to-understand language.

Why should you read this book?

The book is very simple and easy to read for beginners. The author has not mentioned any complex jargon or terminologies, making it easy to learn and digest all the information in one read.

Pros

  • The basics of trading
  • Learn about stocks and shares.
  • Understand basic concepts.

Cons

  • No advanced strategies

18. A Guide to the Indian Stock Market

A Guide to the Indian Stock Market

The last on my list of the best books on the stock market is A Guide to the Indian Stock Market by Jitendra Gala. It is a perfect guide for those who want to kick-start their stock market and trading journey but fear losing money due to a lack of knowledge and understanding about the Indian stock market. It is also written in simple and easy-to-understand language and is ideal for anyone who wants to enter the stock market and trading field.

Why should you read this book?

This book covers the basic concepts of trading, like savings, investments, and who needs to invest.

Pros

  • Easy to understand
  • The basics of the stock market
  • Learn about value investing.
  • Explains savings

Cons

  • No cons

FAQs for Best Books On Stock Market

What are the best trading books for beginners in India?

Explore beginner-friendly trading books like “A Beginner’s Guide to the Stock Market” and “Options Trading for Beginners.”

Can these books help with forex trading in India?

Yes, several recommended books cover forex trading, providing valuable insights and strategies for the Indian market.

Are there books specific to Indian stock market conditions?

Absolutely! Look for titles like “Indian Share Market for Beginners” and “Mastering the Trade in Indian Stock Market” for market-specific guidance.

Do these books cater to advanced traders as well?

Certainly! The list includes advanced trading books such as “Market Wizards” and “Options as a Strategic Investment” for seasoned traders.

Where can I purchase these recommended trading books?

You can find these books on popular online platforms like Amazon, Flipkart, and major bookstores both online and offline.

 

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