Top 15 books for swing trading
There are many different types of traders. From day traders to scalpers and from investors to swing traders. To be successful in trading a trader has to know not just trading strategies but also the tools that will enable them to make profitable trades.
While anyone who has ever traded the financial markets has made profits at some point in time, there are very few traders who are able to consistently be profitable in their trading. More and more traders turn to swing trading because it allows them the flexibility between day trading and long-term investing.
Whether you are trading stocks or forex or futures, swing trading has its own advantages. Not everyone is cut out to be swing trader. A successful intraday scalper would require a different approach and mindset if they want to swing trade markets.
In this article we take a look at some of the best books you can read to learn more about swing trading. The books outlined in this article are some of the best that you can find. As with any discipline, learning is a never ending process. The books that we outline in this article are the top 15 best books on swing trading.
Regardless of whether you are as successful swing trader or a complete novice to trading Reading in the top 15 best books on swing trading is a great way to enhance or even to refresh your knowledge.
1. Long-Term Secrets to Short-Term Trading – Larry Williams
Larry Williams is a popular figure in the trading circles. He has authored a number of different books and the books were based on his experience in the markets spanning across four decades.
The book, Long term secrets to short term trading, the second edition offers traders the basic blueprint that is required to build a profitable swing trading strategy. This book claims to cover how one can trade even during economic meltdowns.
The second edition is an updated version and this book is said to be one of the traders favorites when it comes to swing trading. Williams outlines how you can build a swing trading strategy based on his years of experience as a futures and commodities trader.
The book also highlights the short term trading strategies one can apply successfully as well as pointing out the advantages and disadvantages of trading the markets.
He also offers nuggets of wisdom in his book which ranges from market chaos to speculative traders and strategies surrounding volatility breakouts and identifying profitable chart patterns.
Besides focusing on technical analysis, Williams also outlines the importance of fundamental analysis and stresses on the dominant cycles.
The step by step guide shows how traders can enter a trade, manage the trade and when to exit. In short, it shows how you can hold on to winning trades while identifying ways how to cut short your losses.
2. Technical Analysis Using Multiple Timeframes
Using multiple time frames for analyzing the markets is a great way to know what is happening across different time spans. The book, Technical Analysis Using Multiple Timeframes gives you a complete understanding of the market structure.
While it may seem difficult initially to use different timeframes in your analysis of the financial markets, readers will soon realize that the benefits of using multiple timeframes in the analysis far outweigh the time and effort that it takes.
When you have a good understanding of what the market are doing, both in the short term and the long term you will notice that your grading confidence automatically increases. This in turn will make you trade based on logic, rather than emotions.
The book, Technical Analysis Using Multiple Timeframes goes beyond and notes how traders can identify the psychology of price movements in the markets. This book on swing trading goes on to show the reader how to identify established trends and spot trading opportunities that are low risk but highly profitable.
The book focuses on how traders can estimate profit potential in a trade and how to correctly place your stop losses mostly to preserve the profits that you make in the markets when the trade is still open.
The book, Technical Analysis Using Multiple Timeframes, also touches upon fundamental analysis and how some brokerages can resort to dirty tricks in order to profit from your trades. There is also a section that focuses on trading psychology and goes on to explain how traders can identify specific opportunities such as short squeeze and using volume and moving averages.
3. Come Into My Trading Room – Dr. Alexander Elder
Alexander Elder’s Come into my trading room is one of the very popular books when it comes to swing trading. The book takes the reader far beyond the mind or the method or money.
Elder has already published many popular books such as Trading for a living which is another good book to read if you are serious about swing trading. In the book, Come into my trading room, Dr. Elder shifts the focus from technical analysis and focuses on how to manage your money, time and your strategy.
This is book is a welcome change for traders, especially if you already have a swing trading strategy but looking for ways to improve your trading. Dr. Elder focuses in this book, mostly on the fundamentals and the secrets of successful traders with tips that can help traders to identify new and little used indicators that can bring profits.
The book is aimed at educating the trader at all levels and offers some good practical advice with proven methods. This is a comprehensive swing trading guide which also introduces traders on how to focus on money management and time management.
Dr. Elder combines the 3 M’s, which is basically, Money, Methods and the Mind and gives excellent insight into how to build your confidence as a trader. The book gives an unparalleled depth and covers a wide range of topics. This is one of the reasons why the book, Come into my trading room is such a big hit with traders.
Dr. Elder draws his experience on years as a professional trader, technical analysis specialist and a psychiatrist. Dr. Elder founded the Financial Trading Inc, which offers intensive camps for traders all across the world.
4. Swing Trading: The Definitive And Step by Step Guide To Swing Trading: Trade Like A Pro – Andrew Johnson
Swing trading is a commonly used trading technique especially in Wall Street. Using this method, traders can make a fortune day in and day out. The book Swing trading: The definitive and step-by-step guide to swing trading: Trade like a pro gives you access to the secret trading strategies of Wall Street traders.
This book, Swing trading: the definitive and step-by-step guide to swing trading, focuses on how you can master day trading. The book starts off with fourteen different patterns that will help you to deter mine of the current momentum off the market regardless of the specifics.
Readers would be amazed to find 10 different trading strategies that are outlined in this book. This book also covers strategies for all seasons and market sentiment. Therefore, readers are bound to find a trading strategy that they would like to use.
The complexity of the trading strategies vary. You can find specialized training strategies and advanced techniques which you can use to maximize the profits.
Highly recommended book for swing trading you will learn about the importance of timing and when to exit a trade. There is also a good section that covers options trading. From explaining the difference between a butterfly spread and the modified butterfly spread this book on swing trading will show you how to get started especially in the future’s market.
5. Swing Trading: Make Money Online: Introduction to Swing Trading for Beginners in 2018
The book swing trading, introduction to swing trading for beginners in 2018 presents readers with different methods and how to hold a position and how to profit from such trades.
If you are serious about swing trading strategies, then this book is highly recommended especially for those will have a regular day job. This book is available as an audiobook, but it gives you a step-by-step guide on how you can grow your profits by swing trading.
The book, Introduction to swing trading for beginners in 2018 is recommended if you trade forex, stocks, indices or commodities. This book was published only recently in 2018 and therefore has the most up-to-date latest trends, developments in the financial markets.
The different concepts of swing trading are outlined in a simple way. This book will show how you can establish the direction of a trend, how you can wait for a pullback and how to confirm the trend continuation.
An interesting part about this audiobook is that it teaches you not just how to swim trade, but it also helps you to focus on improving yourself as a trader. There is a section that is outlined for risk management and gives you simple steps on how you can start managing your trades in a better way.
6. Trend Following, 5th Edition: How to Make a Fortune in Bull, Bear and Black Swan Markets
If you are looking for a way to improve your financial journey, or want to develop a new investing philosophy, in order to make money then this is a must read book.
The book, How to make a fortune in bull, bear and black swan markets, is authored by Michael Covel. The trend following methods in this book reveal the truth about training strategies that can make you money regardless of the market direction.
While it is easy to make profits in the bull market it is not the same when it comes to the bear markets. Unless of course you are trading currencies or futures. However regardless of the markets that you trade, it is difficult to escape the black swan event. This book takes a unique approach into how you can even trade when the markets are uncertain and especially during a black swan event.
By simply following this book you can apply straightforward and repeatable rules which anyone can learn. If you prefer to trade with the trend then this is a must read book.
The author dives head first into trend following strategies which examine the risks, the benefits and the systems. You will also learn from traders who have made millions by swing trading and learn from their insights.
There are both success stories and mistakes which can give valuable insights from successful traders. This book extensively covers about trend trading, and the philosophy behind it.
The book analyses trends in different market cycles. It gives a lot of supporting evidence and connects directly to behavioral finance. If you want to know how trends behave under different market conditions, then this is a book with lots of facts and supporting evidence.
The contents of the book are applicable to any market that you want to trade.
7. The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires
The story of Turtle trading, is something which almost every trader knows. The complete TurtleTrader, is the true story behind the Wall Street legend Richard Dennis. The book talks about the trading techniques that made millionaires out of ordinary people.
This book will make a sit up and think! If ordinary people who follow simple trading strategy can make millions, then there is nothing stopping you either. The story of Turtle trading is an inspiring real-life story.
Richard Dennis made a fortune on Wall Street by following some simple swing trading rules. He took on a challenge to find out what would happen if ordinary people were taught to swing trade to make money.
Convinced by this, he set off on a journey, looking for ordinary people whom he called as Turtles. If you want to learn how to swing trade, then this is a must read book. At the end of his experiment Dennis was able to generate $100,000,000 in profits.
The book features in-depth interviews with the original people who used this trading system to make profits. There is a lot of education and experience in this book.
This book also the challenges you on how you can take a simple swing trading system and profit from it. Many times traders look at complex trading strategies thinking that the more complex a trading strategy is the higher the profits it can give.
But this is far from the truth. You can make consistent profits by using simple swing trading strategies. Of course, to be successful with the simple spring-training strategy you need to have the discipline.
8. The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities, Alan Farley
With swing trading gaining in popularity and as a powerful method to generate profits Alan Farley’s Tools and techniques to profit from outstanding short-term trading opportunities is a book for swing traders.
This book explains the different concepts of technical analysis, charting and how to use market sentiment to make profitable trades. The book outlines how traders can hold on to their trades through price fluctuations and market noise.
This is a practical guide on how you can make profitable trades using swing trading. Alan Farley gained popularity through his online course, “mastering the trade.” In his book he uses lots of charts, illustrations and lots of examples.
There are also lots of many other books that has been written by the same author, all of which have been very popular among traders.
You will learn about province swing trading concepts and strategies based on the experience by the author.
9. How To Swing Trade: A Beginner’s Guide to Trading Tools, Money Management, Rules, Routines and Strategies of a Swing Trader
If you are looking for a book on swing trading which covers all the aspects of trading, from trading strategies, to the training tools that you need, trading psychology and money management then this is a highly recommended book.
How to swing trade: A beginners guide to creating tools, money management, rules, routines and strategies of a swing trader is one of those rare books that every swing trader must read.
This book will point the reader in the right direction and gives a comprehensive overview on how you can be successful by swing trading the financial markets. By giving a complete picture that is required to be successful swing trader this book urges you to build your own trading strategy and two choose your own personal training goals.
You will learn how swing trading is different from most other types of trading. This is important because it can also help you to change your mindset which is required to be a successful swing trader. You will learn about which type of swing trading strategies are better suited for you.
This book gives a complete outline on how you have to manage your money and the risks that come with swing trading the financial markets. There are lots of charts and this book also presents some of the most popular technical trading tools that successful traders are known to use. As a result of this book also helps you to gain the confidence required to trade the financial markets.
Besides technical analysis, this book will also teach you the basic concept of how you can apply fundamental analysis to your trading strategies. This is where the book, How to swing trade: A beginner’s guide to trading tools, money management, rules, routines and strategies of a swing trader takes a different approach to swing trading.
The book urges and encourages the reader on how to treat your trading as a business and speaks about the discipline that is needed by traders. If you are really serious about your training dentist is a must have book in your bookshelf.
10. Swing Trading Strategies: 3 Simple and Profitable Strategies for Beginners
It is often difficult to be successful all the time when you swing trade the markets. This is a guidebook that will provide the reader with all the information they need about swing trading.
This book focuses on technical analysis and explains concepts such as candlestick charts, option based swing trading strategies and introduces the reader on simple swing trading strategies such as trading breakouts in the price chart.
While the book is more suitable for trading the stock markets, there are lots of details and information which the reader can take and apply to the existing swing trading strategies.
In this book, you will also learn how you can hedge your trading positions. While it mostly uses the examples of the stock markets and the options trading markets, this book takes the reader into understanding concepts of managing risk by looking at different financial markets.
Learn how professional traders hedge their risk by using simple but profitable techniques that you might not have imagined before.
11. Swing Trading: How to Make Money in Less Than 7 Days
If you want to learn how to swing trade, then this is a book that can introduce you to the world of swing trading. Swing trading is different to day trading or investing. The title of this book can be a bit misleading. Obviously, you will not make money in less than seven days as the title claims.
What it does for you is that it lays the foundations to build strong concepts in swing trading strategies. If you are already a swing trader, then you can skip reading this book. But if you want a refresher course or if you are a novice trader then it is worth your time to read this book.
You will learn what swing trading is all about, the benefits of swing trading and some simple to use strategies. There is also a section that is dedicated to the most common mistakes that traders make.
Readers can utilize this book as a practical guidebook for help in swing trading. Once again, we should reiterate that this book Will not make you rich in less than seven days. On the contrary, this book will give you a solid headstart into how to swing trade successfully.
12. Swing Trading: Power Strategies to Cut Risk and Boost Profits
The book Swing Trading: Power strategies to cut risk and boost profits, gives the reader insights into how to swing trade. The book draws upon the experience of day traders and also regular investors.
It presents swing trading as ideal alternative. The book focuses on how you can achieve success by using profitable training strategies.
There are lots of resources in this book which gives you step-by-step guidance and lots of tips on how you can use various tools to make profits.
The swing trading strategies outlined in this book introduces the reader into the trading methodology and how you can grow your portfolio consistently.
A good portion of this book is dedicated to risk management.
You are also taught on how to apply the concepts of trading discipline and psychology. A good trader most importantly focuses on managing their risk and this book points you in the same direction.
Readers can also purchase a kindle version of this book which is much cheaper.
13. Trading Mentors: Learn Timeless Strategies And Best Practices From Successful Traders
In this book, Trading Mentors: Learn timeless strategies and best practices from successful traders, give a broad insight into the world of swing trading.
There is no magic bullet for success, but this book gives you the right insight, wisdom and practical guidance that swing traders need.
Starting from discretionary based trading strategies, to the use of algorithms in today’s trading world, the book gives a wealth of information for traders.
There is a lot of information for traders especially in risk management and how to develop up of winning mindset.
While most books on swing trading focus on trading strategies, this book focuses on the lesser-known aspects that are very relevant and important to your success as a swing trader.
The book is highly recommended by a number of Wall Street professionals. If you are a new trader and looking to find your way in the world of swing trading, or if you have been struggling with your trading, then take some time out and read this book.
Trading Mentors, is one of those rare books that introduces the reader to how successful traders think and work. With practical insight and information, the traders get to understand the trading methodologies and the best practices that they can apply to their trading.
This book also profiles some of the best training minds in the industry. Therefore, it gives valuable insights and advice that you can use. Reading this book can change your perception of the markets.
You will learn about how the best minds in the trading world think and how they manage their trades. Get insights into what keeps traders awake at nights, and how they look at the financial markets.
14. Advanced Swing Trading: Strategies to Predict, Identify, and Trade Future Market Swings
If you want to make a killing in today’s volatile markets, by using specialized swing trading strategies, then the book Advanced swing trading makes for a very interesting read.
As more and more traders look to swing trading strategies, it is very evident that this type of trading can bring consistent profits.
Many successful traders use swing trading to profit from short term and medium-term price movements.
In this book, the author describes his original action and reaction based swing trading system.
This book is authored by John Crane, always an established trader and a leading trading coach. There are lots of real world examples including charts which will outline the swing trading strategies.
The reader will learn how to use this swing trading system to build consistent profits regardless of the market conditions. The author is the founder of Traders network which is a company that offers brokerage services, educational training products for traders who want to be successful in what they do.
John Crane is also widely featured in many industry magazines such as Barrons and the Wall Street Journal.
This book is recommended for advanced traders.
15. Swing Trading Strategies: Learn How To Profit Fast With These 4 Simple Strategies (Swing Trading Strategies Victor Lucas Book 1)
Trading the stock markets can be very intimidating. This book shows how you can profit from simple swing trading strategies for the stock markets. This book presents the reader with four strategies you can start using to swing trade the stock markets.
By the end of this book you would be able to swing trade the stock markets with confidence.
While this book does not make you rich overnight, it gives you the basics that you need to build upon the concepts and develop robust swing trading strategies.
This book also shows you how to develop the right mindset as a trader. It focuses mostly on the stock market and educates the reader in understanding concepts such as sector rotation and how you can take advantage of this.
The book also gives insight into how to use the price charts and introduces the reader into identifying momentum based trading strategies.
In conclusion, it is important to point out that the reader that reading these books will not make you rich overnight when you swing trade the financial markets. These books are merely there to act as a guidebook and to put you on the right part to success as a trader.
At the end of the day it is up to the reader to put the concepts learned from the books mentioned in that everyday trading. Without practice and the dedication and perseverance no matter how many books you read you will not be able to gain the success.
Instead of focusing on getting rich, traders should focus on the concepts that are presented in the books that we have reviewed above in this article. To be successful as the swing trader, you need to constantly put what you learn into practice.