Intraday Trading books to make money from Stock Markets
How to make money from Intraday Trading in 2021- Top 5 Books Stock Market Books
Best Intraday Trading Books in 2021: Indian people are always fascinated to invest in the stock market. Investing in the stock market is not an easy task, it requires knowledge, patience, and an investable amount. People having the investable amount may not be having knowledge about the market. Similarly, a person having an investable amount and knowledge but without patience, he cannot earn from the market.
If you have patience and investable money then you can always gather the stock market knowledge. Nowadays, getting knowledge has become very easy, you can search google, youtube for any kind of information. But can you rely on all youtube videos or blogs? my answer is no.
The best way of gathering knowledge is through books written by a reputed author and appreciated by people. Here we have done an analysis of various stock market books and selected the best 5 books, these are written by the reputed author and are reviewed by readers. These books are listed on Amazon, one of the biggest online library. By reading these books you can definitely gather knowledge and make money from the stock market.
Best Stock Market Books for Intraday Trading
If you are a beginner then you must gather knowledge about the stock market first. There are people who always get attracted to the stock market and invest blindly after getting influence by the Brokers / Franchisee / Friends. Without knowledge, you should not invest a single penny into the market.
One should have at least a basic knowledge before investing through others in the stock markets. So our first choice for beginners is “How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline, and Trading Psychology” The author of this book is Andrew Aziz, and the book has got a 4.5-star rating in Amazon by more than 4k readers.
The author, in a very simple language, explained the intraday trading strategies, tools, money management, the discipline required for day trading, trading psychology, etc. You will get completely trained as a day trader after reading this book.
If you have some basic knowledge about the market and are looking for a guide to make money from the stock market on an intraday basis. Then you must read “How to Make Money in Intraday Trading: A Master Class By One of India’s Most Famous Traders” The author of this book is Ashwani Gujral. The book has got a 4-star rating by 430 readers on Amazon.
This book will explain the 3Ms of trading success- Method, Money Management, and Mind-Set. It will also give you the technical knowledge required for the day-trading with entry and exit tactics. The author has beautifully described how to find market trends and how to avoid losses and make a profit with 200 plus real market examples and charts. This is one of the best intraday trading books if you have some knowledge about the stock market.
Best Fundamental Analysis Book for beginners
Fundamental Analysis helps you to select the best stock and sectors for trading. After gathering knowledge about the market and intraday trading, you just can’t start trading with any stock. You need to select a fundamental strong scrip for intraday trading to make money from the market.
To find out the find out fundamentally strong stock you have to gather knowledge about the basics of Fundamental analysis. I would suggest “Fundamental Analysis Shares: Become An Intelligent Investor” book to gain basic knowledge about the stock market. The author of this book is Khusboo Gala and Ankit Gala. The book has got a 4-star rating by a total of 73 readers.
The book will educate retail investors about the basics of fundamental analysis so that one can invest in sound fundamental stocks and avoid the weak ones. It will also guide you to find the multi-bagger stocks. The book also includes value investing principles of legends like Benjamin Graham, Warren Buffett, and Peter Lynch.
This Fundamental analysis book explains all important ratios like profit margin, ROE, Current Ratio, Debt to equity, PE ratio, Price to BV, etc After reading this book, you can easily find out the fundamentally strong stocks where you can invest.
Best Technical Analysis Book for intraday trading
Once you have gathered knowledge about the market, intraday trading, and fundamental analysis for stock picks then you need some knowledge about the technical indicators. Relative Strength Index (RSI) is one of the famous leading indicators. There are many technical indicators that are freely available on all trading platforms. Investors normally get confused about which one to use. Among all, RSI is the most popular and most commonly used indicator in the stock market.
I would suggest the book “ Dear Traders, There is Magic in RSI: RSI Tells the Secrets, Are You Listening?”. This is the best book to gather knowledge about the RSI indicator. The author of this book is Sudhir Dixit and its published only in Kindle edition on Amazon at a very cheap rate. The book released during the lockdown period in 2020 and has got a 4.3-star rating from 46 readers.
The author in this book has explained the RSI in a very easy way, how to use it, how to predict prices, positive and negative reversals, how to find a trend. He has also explained how the leading indicator tells you in advance whether a breakout is going to happen in a channel or a pattern. The author also explains how you can get a list of good buying option for intraday trading.
Basic Technical Analysis book
You can also read, the basic technical analysis book “ Guide To Technical Analysis & Candlesticks by the author Ravi Patel. This book will teach you the right time to pick up the stocks and make money from intraday trading or investing in them. The book has got a 4-Star rating on Amazon from 100 readers.
It will teach you how to use various technical analysis tools like support- resistance, moving average, candlestick pattern, chart pattern, technical indicators, and oscillators, etc. with various case studies and charts.
The book is a complete guide of candlesticks like Doji, Start, Hammer, Hanging Man, Engulfing pattern, etc. It also explains all-important technical indicators and chart patterns like head and shoulder, inverted Head and Shoulder, Double top, Double bottom, etc.
My suggestion: The best way to do intraday trading and make money from the Stock Market
The best way to make money from the stock market is to combine Fundamental and Technical analysis and trade. Once you gather basic knowledge of Markets, trading, fundaments, and technical. You can pick up fundament strong stock, check out the entry and exit levels by doing technical analysis and then start intraday trading with a full-time broker. Your trades will definitely give a good return.
You can also buy the combo of “Fundamental Analysis Shares: Become An Intelligent Investor “ and “Guide To Technical Analysis & Candlesticks” together at a discounted price on Amazon here
You can also open a Trading and Demat account with a full-time broker at a very low and discounted brokerage here.
Hope you would gather knowledge about the stock market, intraday trading, fundamental analysis, and technical analysis from the books that I have mentioned in the post and earn money from the stock market in full confidence.
You may also like to read, 10 Best Stock Market books to read while in quarantine
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Happy Investing!!
Editor’s Desk
