Hi guys, hi from Andrea Unger! Today, I would like to speak about some authors and their trading books that deal not only with the automated approach, but also with trading in general. Let’s see them together!
People often ask me to recommend some trading books to them. Of course, there are plenty of interesting texts, so, I decided to speak about the ones I have read myself.
There are obviously many more trading books, but I think the ones I mention in this post are really worth reading. They have great content and, although some of them are more focused on automated trading, I recommend them to all traders in general.
Larry William’s Long-term Secret to Short-term Trading
This is one of the best trading books I have ever read in my life. Even though – in spite of its title – it doesn’t obviously provide any secret formula, it’s packed with incredibly valuable and useful content and will help you figure out how the market works and how to approach it.
Larry Williams obviously wrote many other books, but I decided to mention this one, because I think it is the best one.
Kevin Davey’s Algo Trading Books
Davey has written two great books, Introduction to Algo Trading and Winning Algorithmic Trading Systems, which are both available online. Both provide an idea of his approach to algo trading, as well as an overview of algo trading in general.
These books deliver great value and were written by a proven winner in the markets.
Perry Kaufman and Thomas Stridsman
Perry Kaufman is a great man and trader. He has written a number of books, but the one I’d like to recommend is Trading Systems and Methods (or New Trading Systems and Methods). This book is sort of an encyclopaedia of trading, so, if you want to read something that covers almost everything, it’s the right choice for you.
Kaufman has been studying the markets for ages (I don’t mean he’s old, of course!) and his books are all great products.
I often mention Thomas Stridsman as well. He comes from Sweden and I met him in the flesh in Italy some time ago. He has a great knowledge of trading systems and his Trading Systems That Work and Trading Systems and Money Management books are very interesting. The former helps you understand how trading systems work and what to consider when you develop them, the latter deals with money management and provides an overview of automated trading that takes position sizing into account, which is extremely important.
Howard B. Bandy’s Trading Books
Last but not least, we have Howard B. Bandy. This great author specializes in the AmiBroker platform, but his texts are packed with incredible value for everyone who reads them. Bandy tells you what the truth looks like, and this is really useful.
Bandy has written many books and I suggest that you read all of them. I believe all his texts are worth reading and full of many gems of wisdom.
So, really, Howard B. Bandy is an author who delves deep into the development of trading systems, yet keeping concepts simple and focusing on what matters and actually works.
These are just some of the many valuable trading books that are available. Of course, I don’t think I mentioned everything that should be read. I just wanted to let you know the ones that impressed me most throughout my trading career.
I hope you’ll get some value out of this.
Ciao from Andrea Unger!