Books on intraday trading will help you understand the strategy psychology required to do intraday trading. Intraday trading is becoming quite popular as intraday trading provides margin and leverage facilities. Using a small amount in intraday trading traders can make good returns. The best part about intraday trading is that it will be over within a day. Whether you make a profit or loss you need to book within a day only.
people are getting attracted towards intraday trading because of social media as well. Many people are teaching and selling intraday trading courses on Instagram and YouTube. They promised that after completing their course you will become a perfect intraday trader and can able to double your amount within a year. Let me tell you intraday trading is not that easy you need to work hard to understand the Strategies and mindset. One of the best ways to learn intraday trading can be books. So in this article, I will discuss the best books on intraday trading.
Read: Best Books on Swing Trading
Table of Contents
1) How to Make Money in Intraday Trading
This book is perfect for beginners who have just started their intraday trading journey. Ashwini Gujral the author of this book, was a brilliant intraday trader. Using his 30 years of experience he wrote this book and made you understand the nitty-gritty of intraday trading. This book covers different intraday Strategies and mindsets required to do intraday. Along with that, you will also learn how to place the stop loss and how stop loss is going to help you in the intraday journey.
This is not the best book to learn intraday trading but trust me if you are a complete beginner then this is the first book that you should read to understand stock market and intraday trading.
| Author | Ashwani Gujral |
| Published | 10 May 2018 |
| Goodreads Rating | 4.1/5 |
2) How To Day Trade for Living
It’s a complete beginner-friendly book and it focuses on mindset and how to take discipline trades. This book will help you to understand that trading is a business. Along with different intraday strategies, it also teaches you how to handle risk management. The author has done PhD and is an active Canadian trader and proprietary fund manager at Peak Capital Trading.
The author himself shares his inside about intraday trading and his experience. The author recently updated the book according to the new market conditions and with new intraday strategies. It is a best seller book and it is quite famous in the international market as well.
| Author | Andrew Aziz |
| Updated revised published | 2022 |
| Goodreads Rating | 4.1/5 |
3) Trading In The Zone
This book focuses on self-realisation before doing any kind of trading it is better to understand how are you like and what kind of person are you. it is required to know personal strengths, weaknesses, and biases. Understanding your psychology helps you to take better trade and most importantly can take according to your risk appetite. The author focuses on is always good to take a small loss before it becomes a huge loss. Loss is a part of the trading journey.
Traders should always respect stop loss and if the stop loss is hit it is better to book the loss. This book is must read to master intraday psychology and to become a disciplined trader. many traders have read this book and given positive reviews to this book. if you have some understanding of intraday Strategies and now want to work on your mindset and become a disciplined trader. Among all the books on intraday trading, this book is best for you.
learning the intraday strategy is easy but mastering the mindset and becoming a disciplined trader is difficult and it takes time also
| Author | Mark Douglas |
| Published | 1 April 2000 |
| Goodreads Rating | 4.3/5 |
4) A Beginner’s Guide to Day Trading Online
It does provide deep insights into intraday trading, its strategies and potential challenges involved in day trading. It covers the essential elements of Technical Analysis which is a core heart of any trading, focusing on candlestick and different chart patterns. It helps you to analyse future price actions. Along with strategies it also focuses on risk management and how to properly manage the quantity that you are taking in a trade.
It includes real-life examples to make you understand how certain strategy works. Handling emotion while you are at a loss-making trade is not an easy task. It takes a lot to master emotions and this book going to help you to master emotions, psychology and different intraday strategies.
| Author | Toni Turner |
| Published | 2007 |
| Goodreads Rating | 3.8/5 |
5) Mastering the Trade
This book is designed to teach intraday trading as well as swing trading. The author believes once you understand the technical analysis and price action you will be able to both intraday as well as swing trading. This book teaches you that risk management is ultimately the most important aspect of trading.
Along with different strategies, it also teaches you chart patterns and price action. It covers real-life scenarios to make you understand how strategies work. It focuses on the pros and cons of different Strategies and on which scenario which strategy will work better.
| Author | John F. Carter |
| Published | 29 June 2018 |
| Goodreads Rating | 4.2/5 |
Conclusion
Intraday trading is get quick rich scheme it requires time you need to master first intraday strategies and then emotions to become a disciple trader. Don’t rush to start with intraday trading first start understanding the market and backtest different intraday strategies. It is easy to make a profit in intraday trading but it is easier to make a loss. I am requesting you before starting intraday trading please read these best books on intraday trading.
