Trading Books: Advanced Literature

Once a student has learned enough to get involved in the stock market, they will unquestionably want to take their education to the next level. By pursuing advanced literature, a student can approach concepts taught in books and apply them to their own trades. This information, once comprehended and mastered, can eventually become profitable to the trader.

Advanced literature can cover topics and subjects that push an education to the next level. Students looking for advanced literature have already learned the basics (how to buy options, how to purchase the proper option, how to be safe in your trades) it's time to move on to more complicated material.

One good piece of advanced literature worth a look is "Candlestick Charting Explained," authored by the team of Gregory Morris and Ryan Litchfield, a trading education coach with BetterTrades. This book explains the techniques for trading stocks through the technical analysis of candlestick charts. Morris and Litchfield looked at more than 14 million stock charts while doing the research for this trading book. Japanese candlestick charting and candle pattern analysis has helped millions of people become more profitable. The authors cover reversal patterns and continuation patterns and dispense information that might allow a trader to squeeze more money from the market.

Another valuable piece of advanced literature is "Bollinger on Bollinger Bands," an informational book written about the technical indicator written by the man who invented them. John Bollinger explains the market conditions that led to his discovery of the bands that bear his name. He presents a relative decision framework that helps traders determine whether a stock's prices are too high or too low. Bollinger presents three understandable systems for implementing Bollinger Bands in the process of technical analysis, which may enable the user to pull more profits from their trades.

J. Welles Wilder's book "New Concepts in Technical Trading Systems" is another productive piece of advanced trading literature. Wilder developed many of the advanced indicators that are very useful in the field of technical analysis. Wilder presents formulas and discussions of the logic and usability of the Parabolic SAR, Relative Strength Index and Directional Movement Index. The book will appeal to those who use indicators to confirm potential trades they see in price patterns and volume bars. Wilder's concepts are made available to all consumers, who have to right to use or reject their value. Although the book is more than 30 years old, it remains in print today and remains one of the most valuable tomes in the field of advanced technical trading.