Exchange | Margin | Books
You must read dozens of big fat books to become professional trader. There are a lot of trading books: good, bad, but mostly very average. Here is the short list of the best trading books I ever read - from beginner-level to professional.
Quantitative Trading: How to Build Your Own Algorithmic Trading Business
Good introduction to quantitative trading. There is nothing complicated. This book is very clear, it contains simple examples for beginners. Start from it.
John J. Murphy
Technical Analysis of the Financial Markets
The most popular classic textbook for technical analysts. It slightly outdated, but highly recommended, especially for manual trading. Almost comprehensive and easy to understand.
Algorithmic Trading: Winning Strategies and Their Rationale
Ernie Chan's book contains detailed methods for mean-reversed, momentum and arbitrage strategies, some methods for high-frequency trading and many others. It provide ready to use algorithms with examples for MATLAB. This book has bunch of interesting ideas for your brain. Itís a wonderful book, worth re-read several times.
Perry J. Kaufman
Trading Systems and Methods
A comprehensive encyclopedia of technical and quantitative analysis. 1200 pages contains almost all trading systems ever published, formulas and software code for indicators and trading robots for TradeStation. Itís handbook for professionals. The best trading book I've read. It is good idea to place Kaufmanís book on your table and open it every day.
Algorithmic Trading and DMA: An introduction to direct access trading strategies
Learn the financial system from within. Barry Johnson, developer of software for investment bank, described how trading orders executed by banks and brokers, how the various trading strategies works, and how to increase effectiveness of your strategies. The book is one of the basic sources for algorithmic trading and handbook for "quants".
Python Machine Learning
Nothing about trading, but... Machine learning has become modern alchemy. No one understands how this magic works, but anyone tries to apply these magical actions to solve any problems - from image recognition to prediction of financial markets. There are many textbooks, but book of Sebastian Raschka is one of the most clear and practical. No complicated formulas, almost no math. Just Python code and clear an short explanations. Start from this book, then use online courses from Coursera, Stanford etc. to learn more.