To be a good swing trader, you need to be opportunistic. That is, you need to enter the market just in time to capitalize on short-term price changes.
Unfortunately, this is easier said than done. With market behavior changing by the day, it’s important to always be in the know. And for that, we’d recommend the following best swing trading books.
- 1. Mastering the Trade by John F. Carter
- 2. Come Into My Trading Room by Alexander Elder
- 3. The Master Swing Trader by Alan Farley
- 4. Swing Trading for Dummies by Omar Bassal, CFA
- 5. Swing Trading as a Part Time Job by Brett Brown
- 6. Swing Trading by Marcus Baumann
- 7. How to Swing Trade by Andrew Aziz, Ph.D
- 8. 5 Secrets To Highly Profitable Swing Trading by Ivan Hoff
- 9. An Innovative Guide to Trading with Lower Risk by Warwick Khan
- 10. 3 Simple & Profitable Strategies for Beginners by Charles Reis
- Final Words
1. Mastering the Trade by John F. Carter
First published in 2005, the book is currently in its third edition. It has since become a classic in the world of day trading.
One thing that sets this book apart is that it’s primarily authored to help swing traders survive in a marketplace that has been significantly transformed by technology.
What’s more? The 481-page book draws from the author’s real-life experiences ostensibly to create a book that even newcomers can easily work with. However, if you’re a skilled trader, you might find that this book trails off on case studies too often.
Generally, if you’re willing to be patient, this book can help educate you on some helpful tips for active day trading. A light touch of humor makes it quite interesting to read as well.
Lastly, the book provides charts and links to videos (especially the eBook). This extra material can be of great help when building a foolproof strategy.
2. Come Into My Trading Room by Alexander Elder
Designed for both novice traders and skilled ones, Come Into My Trading Room is a hub of proven trading methodologies. For instance, it provides you with a comprehensive introduction to the essentials of productive trading at the same time, it provides crucial psychological tactics for disciplined trading.
In a nutshell, Alexander Elder spends a lot of his time teaching you how to combine the 3Ms i.e. Mind, Method & Money. Above all, each one of the paragraphs covered within the guide provides an unparalleled depth of coverage guaranteed to keep you engaged.
The 320-page book was first published in 2002 and has since come a long way all thanks to the release of multiple revisions and updates. So, what’s on the stores currently is up to date and relevant to today’s market dynamics.
On the flip side, though, there are those who feel that the book could have been condensed considerably. We’d agree that even though the author has a good writing talent, he often drifts from focus by relying too much on metaphors.
3. The Master Swing Trader by Alan Farley
Let’s face it, the flashy cover of this book might make it look like one of those run-of-the-mill books meant for newbies. However, if you take your time to go through its pages, you’ll notice that it’s quite deep and detailed.
For instance, it provides you with some highly useful skills on how to read charts. However, the author assumes that you already have background knowledge of things like chart patterns, indicators, and candlesticks.
So, if you’re a complete newbie, you might find it confusing to read. For that, we recommend taking some basic introductory courses so you have the confidence and skills needed to benefit from this guide.
We particularly love how the author simplifies the Bollinger Bands. Plus, we also like the fact that each page is packed to the brim with information. And with each sentence, you get to learn something need.
However, because the book is highly detailed, you’re better off reading it slowly so you can digest the points shared in it. For instance, we believe that the “7 Bells” strategy is worth wrapping your head around. It’s a handy tool that can help you uncover short-term prospects.
4. Swing Trading for Dummies by Omar Bassal, CFA
You may have read dozens of books and taken several courses but if you want something that shows you how to put all those skills to use, you’ve got to try this book by Omar Bassal. One thing we like about this guide is that it covers all the important information about trading and shows you how to avoid extreme risk-taking.
What’s more? Every chapter of this guide is written in plain English. So, whether you’re struggling with fundamental or technical analysis, the tips and tidbits in this guide can help you make calculated moves.
The 368-page book had its latest version released in April of 2019. So, it’s quite up to date. What’s more? The author is one of the leading asset management experts in the Middle East.
On the flip side, though, if you’re picky with grammar and stuff, you might find that this book probably needs a Native English editor so that all the sentences are in proper structure. But still, that does not nullify the fact that there are quite a few awesome tips in this book.
5. Swing Trading as a Part Time Job by Brett Brown
We’d recommend this book to people who are too busy with other obligations in life yet still want to engage in day trading. Indeed, with Brett Brown’s guidance, you’ll be able to capture good profits from short-term moves. Above all, you’ll be exposed to advanced skills on how to boost leverage, when to buy/sell, how to limit risk and so forth.
Unlike other authors that waste pages explaining basic concepts, this one goes straight to the point. That explains why the book is 108 pages long.
We do appreciate the fact that Brett Brown is a really good author. His tone is believable and he strikes us as honest and humble.
That said, he isn’t big on technical indicators although he frequently talks about Fibonacci retracement, ADX, and moving averages. In general, this book is all about market conditions and gently walks you through different sectors showing you how to make profitable swing trades.
6. Swing Trading by Marcus Baumann
If you’re a complete beginner and don’t want to waste time trying to understand complex lingo, Marcus Baumann’s book might be worth reading. It talks about the basics of swing trading for beginners. Above all, it introduces you to practical ways to make money online i.e. how to profit fast through proven methods.
Owing to how basic this book is, we’d only recommend it to folks who would like to get an overview of swing trading. It’s actually a good tool to have especially if you want to warm up to this as a full-time opportunity. Or if you’re looking for inspiration to start something new this year.
A major downside of this book is that it doesn’t go into detail. There have been arguments that it sounds like an academic whitepaper. However, that’s subjective as there are people who seem to love this style of writing.
7. How to Swing Trade by Andrew Aziz, Ph.D
The first portion of this guide provides you with the basic skills for becoming a successful swing trader. Then as you proceed to the second section of the guide, you’re introduced to the advanced skills, tools, and strategies.
In our view, this is a very well balanced book. It’s ideal for complete beginners and experienced traders alike.
The author has done an incredible job of putting the paragraphs together. In totality, the book sounds like a good, refreshing sermon. And at the end of each chapter is a summary of the key points.
Yet another reason why we absolutely love this book is that you can skip some paragraphs and still gain a lot. For instance, unless you’re a complete beginner, chances are that you won’t need to read sections such as those on setting up a brokerage account.
Our only concern with this book is that its introductory paragraphs sound quite basic. So, if you’re a highly-skilled trader, you might find better value in other more advanced books.
8. 5 Secrets To Highly Profitable Swing Trading by Ivan Hoff
Most good books on sale out there fail because they dwell too much on the technical stuff. You know, the indicators, charts and all. At the end of it all, they aren’t user-friendly.
User-friendliness is the keyword when it comes to “The 5 Secrets To Highly Profitable Swing Trading” book. Not only does it provide you with straightforward pieces of advice but it also does so in a manner that doesn’t leave the reader confused.
The 94-page book isn’t exactly the type you’d read in one sitting but it is worth every minute you spend perusing its content. What’s more? It provides you with a variety of short-term strategies that you can use to consolidate some quick wins.
On the flip side, though, the books cover doesn’t seem inspirational. For such a good book, a well-designed cover would have gone a long way in attracting the right kind of readers to it.
9. An Innovative Guide to Trading with Lower Risk by Warwick Khan
Within 111 pages this book by Warwick Khan with lots of reference material related to swing trading. It makes use of charts and case studies to pass its message. We found the book quite interesting to read. Each paragraph provides you with new ideas and freshness.
The author seems to be a seasoned expert in stock trading. He does a good job of providing basic as well as advanced strategies.
Above all, he doesn’t sugar coat anything. We believe it’s important for all traders to have realistic expectations before venturing out. And indeed this book does a good job of managing expectations.
10. 3 Simple & Profitable Strategies for Beginners by Charles Reis
Looking for a short book that provides you with practical strategies that you can add to your arsenal? This 66 page long guide might be worth checking out. It was first printed in 2018 which means its information is quite up to date.
It, however, will probably need to be updated a few years from today to make sure it captures new developments witnessed in 2019 and 2020.
For now, the book is still highly relevant. It shares useful tips on trade breakouts, how to choose good stocks and the 3 candlestick reversals.
Those skills can be highly useful especially for folks looking to earn a dollar or two online. However, experienced traders might find the strategies too basic.
If done correctly, Swing Trading can be a highly rewarding venture. However, not all books out there get it right. That said, we hope that the list reviewed above will come in handy in helping you build your skills and confidence.
Blake is a self-made online day trader with a knack for adventure. On his free time, he loves reading and learning new methods in the trading as well as improving his jiu-jitsu skills. He currently resides in New York City.