IronTrade always encourages traders who want to grow and become professionals. Reading books is one of the methods of how to do it. It is beneficial for everyone who wants to change their approach to the market. Reading about other people’s successful strategies could help you improve your own trading style. Books are the most straightforward way to gain some knowledge for free from the best professionals. The books we describe in this article are highly recommended for traders of any level.

1. “One up on Wall Street: How to Use What You Already Know to Make Money in the Market” by Peter Lynch

Mr. Lynch is a famous investor from the USA who started his career young. Peter began to work at the age of 10 to support his family during hard times. Once, he purchased a share of an American airline company for $8. Sometime later, this share grew to $80. This first success really inspired him and helped to pay for college. Later, he worked in an investment company, which assets became $14b worth under his management. 

His main principle is “invest in what you know” – the things you use in your daily life or understand what it is for. The book introduces any average investor to the professional trading world. It explains how to find good investment ideas and maintain a profitable investment portfolio.

2. “Learn to Earn” by Peter Lynch

Again, the same author! This book aims to complete beginners who are new to trading and business. Mr. Lynch explains how to practice self-discipline and act like a real investor. He also gives some good examples of changing your daily habits and making them more beneficial. It is a simple book, which is a reasonable basis for those who don’t know where to start in learning.

3. “How to Trade in Stocks” by Jesse Livermore

This is a bit unusual book about a person who was one of the first day traders and ended his life with a suicide. Jesse is regarded as one of the greatest traders who ever existed. He started to trade at 16 and devoted his life to it. He is known for his love of short positions and incredible significant gains. He was among the first persons who started to apply technical analysis and use trading indicators.

This book was initially published in 1940 and republished several times later. Don’t miss a chance to get his trading wisdom. It is a must for those who try to conquer the market.

IronTrade is always happy to hear from its traders. Do you read books? Let us know if you have your favorites on trading!