For those who have swum in the world of business, mainly trading, you must have known the term swing trading. It is very common terminology among businessmen and traders. However, to be fair, let me elaborate briefly. According to Investopedia, a financial website located in New York since 1999, swing trading is a form of trading that aims to seize short to medium-term gains in a stock over a period of time; ranging from days to weeks. This model of trade basically uses the concept ‘buy at the lowest swing and sell when the swing is high’ and highly depends on the time management. It may seem easy, but in fact, it is not.
Worry not, my friends, because I am going to give you some book suggestions—including the prices and where to buy—to help you master swing trading. The following books will come in handy, and you will understand them thoroughly in no time.
5 Best Swing Trading Books
How to Swing Trade: A Beginner’s Guide to Trading Tools, Money Management, Rules, Routines and Strategies of a Swing Trader by Brian Pezim, Andrew Aziz
When you type the keyword ‘swing trading’ on Goodreads, you will find this book came in the first rank. With an average rating of 4.21 and 852 total reviews, How to Swing Trade is surely no joke.
Just like its title, it targets the trading newbies, so the experts might not feel too content—but it is absolutely essential. You can still make use of this book as it has a complete explanation about swing trading. Starting from the main concept and its differentiation from other trading strategies, you will also learn the fundamental analysis basics used and how to measure the market’s mood. Furthermore, this bundle was published in 2018, which means it collects the newest insights into trading trends.
In short, How to Swing Trade: A Beginner’s Guide to Trading Tools, Money Management, Rules, Routines, and Strategies of a Swing Traderis an all-in-one book. You can find this book easily on Amazon for about $18 in paperback or just $5 for the e-book.
Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups by John F. Carter
First published in 2005, Mastering the Trade has several new editions, priorly to catch up with the era. Overall, Carter conveyed the techniques to skill the key traits of professional traders through this book. Some of them are the seven internal keys, scanning manners for pinpointing high-probability setups, and the skills to predict market corrections. These various techniques are what differentiates this book from the others. As one of the successful tradesmen, Carter pours his knowledge regarding swing trading and makes it easier to comprehend. To buy this book, you have to prepare around $50 and then purchase it on Amazon.
Swing Trading for Dummies byOmar Bassal
With an almost 4 stars rating on Goodreads, Swing Trading for Dummies has been proven to be one of the best swing trading books. The author, Omar Bassal is a qualified trader with tons of experience. In this book, he shares his comprehension towards swing trading with plain English, which suits the dummies—beginners. Covering from technical and fundamental analysis (the two approaches of investing) to ways of managing your portfolios’ risks, this book will provide you with the easiness of mastering swing trading. You can own Swing Trading for Dummies for about $15 through Amazon or other online stores.
Swing Trading Strategies: 3 Simple and Profitable Strategies for Beginners by Charles Reis
With only 66 pages, Reis has successfully delivered the basic information of how-to swing trade. It is indeed the shortest trading book ever, but still with a proper explanation. Of course, Reis skipped some detail in his book, but the generalization itself is enough for the novice to perceive his messages. Most of the pages are used to elaborate the basic concept, but the three approaches of trading are still there in the rest of the sheets. By reading this book, you can understand what is swing trading and how to actually practise the strategies provided in one sit.
Once again, this book is advisable for beginners, encouraging them to dive deeper into another swing trading manual. You can have Swing Trading Strategies: 3 Simple and Profitable Strategies for Beginners in your pocket for only $13.
Come into My Trading Room by Dr. Alexander Elder
As a psychiatrist and an expert in technical analysis, Dr. Alexander includes psychological effects on the swing traders in this book. He also clarifies the thread between trading techniques, money-making, and owning the correct mindset regarding swing trading. The importance of perfect timing and money management will be altered later as well. As it has been mentioned in the introduction, swing trading needs traders with a skilful character. Nevertheless, this mastery still can be learned through time and patience. With $33, you can be one of the readers to have this well-described book while also managing to have new insights.
Since the sources have been provided, you can join the swing trader club now. Ranging from the books specifically made for beginners to the bundles for those who seek the more advanced ones, you basically live in the world of swing trading. As many have said, swing trading is quite difficult, but with persistence and willingness to learn, you can eventually master this type of trading. Of course, you may face some problems, or even downfalls, but never let them affect you. Later on, you might also be one of those professionals who wrote these best swing trading books. Who knows?
By any chance, do not be bothered if you cannot find these books in offline stores because you can discover all of them on Amazon or other online stores. Just prepare the money, the mood, and the notebook as you will dive into the adventurous world of swing trading. Good luck and happy trading!