Trading is not just about charts, RSI, and Fibonacci levels. Your brain is the main tool, and healthy thinking is critically important!
☝️ We share a selection of books that will teach you to think like a pro and make great decisions in any market situation.
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👉 "Thinking, Fast and Slow" - Daniel Kahneman
An iconic work by the Nobel laureate about how people make decisions. Kahneman reveals cognitive errors, thinking traps, and explains why traders often lose their deposits not because of the market, but because of their habits and illusions. This book is read by everyone from investment bankers to esports players!
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👉 "Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets" - Nassim Taleb
Everyone loves Taleb for the concept of the "black swan", but this book about unpredictability and randomness in the markets teaches unconventional thinking. After reading, you stop believing in magical Grails and start seeing real risks.
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👉 "Trading in the Zone" - Mark Douglas
Two classics by Mark Douglas are a must-read. He explains how discipline, mindset, and psychological resilience distinguish a successful trader from a 'loser'. Practical advice on dealing with fear and emotions.
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👉 "The Psychology of Trading" - Brett Steenbarger
Steenbarger is one of the best coaches on Wall Street. His books ("The Psychology of Trading", "The Daily Trading Coach") analyze how to build your habits, analyze your trading, and develop a winning mindset.
👉 "The Alchemy of Finance" - George Soros
An autobiography and manifesto of one of the greatest traders of all time.
Soros talks about his 'reflexivity', unconventional views on the market, and why thinking outside the box is important for great victories.
👉 "The Art of Thinking Clearly" - Rolf Dobelli
A book about cognitive errors, habitual traps of the mind, and how to avoid self-deception. Useful not only for traders but for anyone looking to build a strategy for life and business.
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And if you have favorite books on trading psychology - share in the comments, let's create a joint library for investors! 🚀
