This is a list of books related to the stock market that I have read so far. I am constantly learning, meaning this list is a work in progress and will be regularly updated.
1) Think, Trade and Grow Rich by Benjamin Kahriman
This book is a gem to learn about candlestick patterns. The initial portion of the book also has a detailed explanation for people who do not know which strategy to learn. If combined with technical analysis, candlesticks will give you a working strategy.
2) Technical Analysis of Stock Trends by John Magee and Robert D. Edwards
This is the holy bible for people wanting to learn technical analysis. Use it as a dictionary – everything can’t be learned at once but it can be learned eventually.
3) Trading in the Zone by Mark Douglas
Psychology has a bigger hand in your trading success than your strategy itself. Learn to control your nerves. Do not be guided by greed or fear. Just read this book.
4) One Up on Wall Street by Peter Lynch
Behind every stock is a company that does something. The general public consumes the product of these companies. Thus, the general public knows better about the companies from the consumer side than the stock analysts. This book is all about that – how to analyze stocks from the perspective of a common man. Although the book provides interesting insights, its principles may not be applicable in NEPSE. This is because NEPSE is dominated by banks and financial institutions, the business operations of which are alienated from public eyes.
5) Technical Analysis: The Complete Resource for Financial Market Technicians
I just started reading this book today (March 17, 2022). This was recommended to me by a technical analyst working at a reputed investment subsidiary in Nepal.
I will update a short review after I read it. Nonetheless, looking at the table of contents, it seems that this book has everything from the basics to breakouts and stop-loss, moving averages, chart patterns, Elliot wave theory and Fibonacci sequence, risk management, to more recent branches like Kagi, Renko, Kase, Ichimoku, Clouds, and DeMark indicators.
What’s more, the book has been selected by the Market Technicians Association as the official companion to its prestigious Chartered Market Technician (CMT) program.
Furthermore, this book offers a fresher look into technical analysis compared to Technical Analysis of Stock Trends by John Magee and Robert D. Edwards that I recommended in point 2.