“This book remains one of my all-time favorites because every time I immerse myself in its pages, I am reminded of old lessons - plus, I always seem to learn something new,” says Toni Turner, best-selling author of A Beginner’s Guide to Short-term Trading and her latest, Short-Term Trading in the New Stock Market. It reads like a trader’s diary, but many traders believe the lessons included in the book are still relevant today. Several years later, in 1943, Johnson became president and director of a small, Boston-based mutual fund, now called Fidelity Fund, which was the first investment fund managed by Fidelity Management & Research Company (1946) - today one of the world’s largest and most-respected global research and investment firms.Īlthough written more than 80 years ago, Reminiscences is repeatedly mentioned by traders as one of the best educational tools for trading. His fascination with the markets increased after reading Reminiscences of a Stock Operator, which draws on inspiration from the life of legendary trader and speculator Jesse Livermore. Johnson 2d developed a growing interest in the equity markets while watching his father act as trustee for several family trusts. Reminiscences of a Stock Operator, by Edwin LefèvreĪs a young adult in the 1920s, Edward C. This list is by no means comprehensive, but it’s a good start for those interested in reading what savvy traders consider to be “the classics.”ġ.
The following list of books appeared to have made a huge difference in the lives - and net worth - of many folks who make a living on Wall Street.
While any top-10 reading list is subjective, there are some titles that were consistently mentioned during my recent informal survey of professional traders and money managers. But with bookstore shelves brimming with trading tomes, how do you separate the informative and valuable from the vacuous and dull? To produce his list of recommendations, Sincere spoke with several trading professionals.Įven if you consider yourself a sophisticated trader, you probably recognize that reading an insightful book on trading can be a great way to sharpen your skills. That’s why Fidelity Active Trader eNews asked author and trader Michael Sincere to compile a list of “must-have” trading books. Amid this burgeoning era of online securities trading, demand for information and education has exploded, a likely result of the growing recognition among novice and emerging traders that securing profits in ever-changing markets can require considerable due diligence.
Investors routinely trade directly from their homes, workplaces and even on the move with the latest wireless handset capabilities. Trading books have flooded the marketplace during the past 15 years, as new technology has made online securities trading a widespread enterprise for many individuals. A list of highly respected titles that one author believes should reside on the bookshelf of today’s informed active trader