Most investment books & DVDs are educational: they teach you how the market works, other people’s failure and success stories, and technique & strategy lessons to increase your odds of success.  Investment books & DVDs are most useful when you create your own personal study course and learn investing the way you can understand.  A well chosen reading list saves you the trouble of spending money on educational courses, seminars, and coaches.  But how do you know what investment books & DVDs to choose?  We’ve broken down the books & DVDs category into: Techniques & Strategy Lessons, Stories, Reference Material.  And remember, use our Difficulty Skill ratings and Review scores to help put together your reading list.

Techniques and strategies are about fundamental, technical, psychological, options, etc and provide material for planning, implementing and analyzing your specific trading strategies. Stories applies to a more broad spectrum of books from “Freakonomics” to the autobiography of CNBC Mad Money’s Jim Cramer.  They also encompasses stories, historical accounts, and even certain self-help type material such as Van Tharp’s “Trade Your Way to Financial Freedom.” The final category, Reference Materials, are mostly textbooks or textbook-like reference material such as “Security Analysis” by Benjamin Graham.  Just remember, in order to find what you are looking for you need to know what you are looking at. Educational material in books & DVDs are a great start to help you.

The Basics

Here are the basic areas to compare when searching for Investment Books and DVDs.

  1. Experience. Most books and DVDs are classified according to the difficulty skill level of the author had in mind. Beginner traders could start with stories and beginner/intermediate techniques & strategy books, but reference books might be a little more difficult without some tutelage or guidance.  Know that most reference books are a conglomerate of theory, application and strategies condensed into one textbook. It’s usually heavy on equations and light on explanations. If you aren’t great with the numbers, be sure to work your way up with some more dedicated technique and application books in our techniques and strategy section first.
  2. Trading Style. Imagine a trader who wants to understand more about short-term, options trading. What book would he use? He’d probably look to our techniques and strategy section to find a book about options applications, and then research the best short-term strategies. But how would you know that these are the best styles to fit your trading style? Well, sadly, the truth is it takes experience to know what works for you and what doesn't.  As you improve and grow, your preferences will also change. But remember that the books can provide you with tools, but only in combining this with practice on papertrading platforms, mentoring help and/or reading example blogs can you become a successful trader. Your style is defined by how you want to approach trading the market. Books and DVDs provide you with knowledge and it is up to you to try it on to see if it fits you.
  3. Risk Appetite.  We won’t lie...you won’t be able to settle your risk aversion by reading a book. Whether the bullets are fake (paper trading) or real (account trading), when you see that market moving, everything you learned goes out the window, and instinct takes over. So be sure to understand that reading a book is only the first step: learning.  After, you still need experience and to practice your techniques.  Then, with enough practice your experience will become instinct.
  4. Asset Class.  Many books & DVDs that span all of the asset classes, but the material that’s difficult to use are the ones that cover multiple topics or none at all. Self-help books are harder to categorize but they are generally helpful for trading demeanor (such as psychological, technological, or lessons learned).  Self-help books are more useful for intermediate levels after you’ve had success and failures.  That’s usually when you’ll know what problems you have that needs improving.  Make sure whatever book or DVD you use, you understand the assumptions and parameters that build a given principle or strategy.  It will help you understand the application side of the theory.

The Choices

Techniques & Strategies

  • Type: Strategy Books, How To Tutorials, Techniques Specific to Asset Class
  • Pros: Educational, Great “guide books”, Great to Learn about techniques and strategies for trading
  • Cons: Theoretical and not practical, Strategies can be ineffective, examples are “old news”
  • Summary: Techniques and strategy books are incredibly useful tools for improving your education, but have their setbacks in usually outdated examples and usually not being as effective as stated (since everyone has access to that book)

Stories

  • Type: Self-Help, Biography, Factual Stories
  • Pros: Inspiring, Good high-level tips, Entertaining
  • Cons: It’s only “advice” not education, Difficult to translate principles into your unique situation
  • Summary: Stories are useful for creating inspiration and entertainment in all of us, seeing professionals and experts who’ve gone through the same struggles as we are. It’s also a great “did you know” type of book. However, don’t use these types of books to replace actual educational material with specific lessons designed to help achieve your goals

Reference

  • Type: Encyclopedia-type, Textbooks, Reference Material (definitions, acronyms, etc)
  • Pros: Complete Abridgment from A-Z, Extremely Mathematical & Quantitative, Great for Theory & Underlying assumptions and principles and/or quick lookups
  • Cons: Usually lacks examples and sufficient explanation, not useful for application
  • Summary: Increase your theoretical knowledge of investing, derive a new technique or freshen up on that forgotten principle.

Compare & Review Investment Books & DVDs »

 

Some Partners We've Worked With

Download Our Free eBook

25 Stock Market Indicators To Know

And subscribe to our MarketHeist Guides newsletter!

Free Brokers, Software, & Tools to Start.

Start with Brokers that have free accounts and professional grade software. Software that's the same whether you're practicing with fake money or trading real money.

Submit a Service

Profile Photo

TD Ameritrade Online Broker

With free thinkorswim, Trade Architect, & mobile software. Practice with virtual money. Invest and trade in stocks, ETFs, mutual funds, bonds, options, futures, and forex. No minimum and no maintenance fees. $0 to start.

☆ Collect Launch

Profile Photo

tradeMONSTER Online Broker

Free browser & mobile software. Easy to use technology including strategySeek and paperTRADE. Invest and trade in stocks, ETFs, mutual funds, bonds, and options. No minimum and no maintenance fees. $0 to start.

☆ Collect Launch

Profile Photo

optionsXpress Online Broker

optionsXpress offers an innovative suite of online brokerage services for investor education, strategy evaluation and trade execution. No minimum requirements.

☆ Collect Launch

Learn The Business. Take A Course.

What is the market and how it works
Finding Opportunities (with Technical Analysis & Fundamental Analysis)
Planning & Safety (with strategies to make smart decisions.)
Plan Execution: Buying & Selling

Submit a Service

Learn Stocks

Profile Photo

Investools Investing Foundations Program

Get trained in the foundations of the stock market and stock trading with two courses, a wealth of easy-to-use tools, and top-tier coaching support, in the program that helps you start managing your own portfolio. In the Investing Foundation Program, you’ll enjoy live and online workshops that can help you quickly overcome fears and learn […]

☆ Collect Launch

Learn Options

Profile Photo

OptionsAnimal Apprentice Options Education Program

Description Build your knowledge from the ground up. Understand key concepts and learn the basic spread trades that will give you a foundation to trade successfully. Learn how to properly structure a trade using the Protective Put, Covered Call, Collar Trade as well as applying the Straddle/Strangle. Trade Adjustment Spread Trades OptionsAnimal Trader Professional Program […]

☆ Collect Launch

Learn Futures

Profile Photo

OpenTrader Professional Training Program

The industry’s only training program built by professional full-time traders. You used to have to get hired by a professional trading firm to get world-class training. Not anymore. If you’ve been a losing trader, getting beaten down by the market again and again, low on confidence and full of doubt, things are about to change […]

☆ Collect Launch

On-The-Job Training. Earn While Learning.

Follow Live Trades, Step By Step
Detailed Trade and Market Analysis
Explanations of Strategies and Tactics
Questions Answered in Webcasts & Chatrooms
Learn by Copying The Pros At Every Step

Submit a Service

Learn Stocks

Profile Photo

Mish’s Market Minute Premium Stock Picks Video Subscription

Live-in-the-market instruction showing you how to trade in the afternoon the choice stock and ETF picks vetted by MarketGauge’s tools earlier in the day. Video up to 15 minutes: 4 times a week (M/T/W/Th) by 1:30PM ET $124.97/month Includes ETF Monitor & Nuggets List Private real-time Twitter Alerts 2 week FREE trial Learn as Mish: […]

☆ Collect Launch

Learn Options

Profile Photo

stockguy22 Live Trading & Education for Part Time Traders

What You’ll Get Learn stocks and options trading at your own pace from a group of full time traders dedicated to teaching through live trading, education, and mentoring.  See how trading is done methodologically as an occupation on a daily basis, from beginning to end.  Start with the daily in-depth analysis of stocks, the overall […]

☆ Collect Launch

Learn Futures

Profile Photo

Emini Wizard Trading System & Live Trading Chat Room

Thanks for considering The Emini Wizard System: This system is available for purchase for people who want to make a one time investment for the entire program. You get: Access to the Member’s website Spreadsheets Common plays Special plays Trade logic explained Chart patterns Chart settings we prefer Separate active chat area (30 days free […]

☆ Collect Launch

Some Partners We've Worked With

  • Download Our Free eBook

    25 Stock Market Indicators To Know

    And subscribe to our MarketHeist Guides newsletter!