The best books for cracking the trading code

Alan Northcott Author Of Mastering Technical Analysis: Strategies and Tactics for Trading the Financial Markets
By Alan Northcott

Who am I?

I came from a left-brained family, with my father a bank Forex manager and my mother in the tax office before motherhood. I've always been mathematically minded and went into mechanical engineering before my second career in trading and finance. But saying this sustains the fallacy that you have to have a head for numbers to trade. That is nothing like the truth, and I hope my last book pick shows that I have learnt and come a long way from my initial beliefs. Trading is anything but mathematical, mechanistic, or even natural, you have to study and learn new ways of thinking and doing, and you can only succeed if you are open to this.


I wrote...

Mastering Technical Analysis: Strategies and Tactics for Trading the Financial Markets

By Alan Northcott,

Book cover of Mastering Technical Analysis: Strategies and Tactics for Trading the Financial Markets

What is my book about?

A comprehensive guide to all aspects of technical analysis, Mastering Technical Analysis sprang out of a massive trading course I undertook in collaboration with an English trader/educator. I was to provide all the written and video content, and he was doing the final production, marketing, and support. Unfortunately, he became ill and could not continue, so the "Masters Course in Technical Analysis" was never produced.

After some medical issues myself, I resurrected the content and produced this book. After months of research and writing I was determined that it would not be wasted, and I also saw a need for a complete tutorial and reference work that included the latest trends and thoughts on the topic.

The books I picked & why

Shepherd is readers supported. When you buy through links on our website, we may earn an affiliate commission. This is how we fund this project for readers and authors (learn more).

A Beginner's Guide to Day Trading Online

By Toni Turner,

Book cover of A Beginner's Guide to Day Trading Online

Why this book?

I have to start with this book, as reading Toni's work has influenced me and my approach to trading from the early days. She has a wonderful friendly style that leads you on and makes it hard to put the book down. While I appreciate all her work, this particular book takes you through so many practical examples, it's impossible not to be enthralled by the possibilities of trading in the stock market.


Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

By John J. Murphy,

Book cover of Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

Why this book?

This book has been the bible for technical analysts since its first iteration in 1985 and is a comprehensive guide to the established knowledge of the markets. It covers chart structure, trends, moving averages, oscillators, technical indicators, and all types of charts in the 542 pages of the 1999 edition, which added candlestick patterns to the older version, and is a great reference guide for all the traditional charting.

However, that is the latest edition, so it contains nothing on Ichimoku (cloud) charting, an incredibly interesting if esoteric development, which is one of the reasons I felt that I should write my book including these latest advances.


Cloud Charts: Trading Success with the Ichimoku Technique

By David Linton,

Book cover of Cloud Charts: Trading Success with the Ichimoku Technique

Why this book?

And so if you are taken by the eerie success of Ichimoku charting, this is the book I recommend to get a thorough understanding. It was published in 2010 by an English trader, and to my knowledge was one of the first books solely on this topic. It has numerous colour illustrations that cover the analysis in great depth and opens the door for all traders to explore this progressive tool.

Incidentally, Ichimoku translates to "at one glance," and that idea summarizes well the effectiveness of the charts.


A Complete Guide To Volume Price Analysis

By Anna Coulling,

Book cover of A Complete Guide To Volume Price Analysis

Why this book?

To say this book is a bargain is an understatement, as it is only $4.99 in Kindle format. For me, it fills in what may be overlooked by those who have a passing knowledge of technical analysis and only focus on the look of the charts, and that is the importance of volume, you know, the little bar at the bottom!

Volume is such a powerful indicator but is easily disregarded in the excitement of a dramatic price move. Yet it is the confirmation that what you are seeing is not just an apparition and will lead to the expected outcome. All traders should read this!


Trading from Your Gut: How to Use Right Brain Instinct & Left Brain Smarts to Become a Master Trader

By Curtis Faith,

Book cover of Trading from Your Gut: How to Use Right Brain Instinct & Left Brain Smarts to Become a Master Trader

Why this book?

Subtitled How to Use Right Brain Instinct & Left Brain Smarts to Become a Master Trader, this book is written by one of the original Turtle Traders and draws on Curtis' experience in developing a whole-brain approach to trading. As such, it is a quantum leap from the run-of-the-mill trading book, and very worthy of some study.

I was privileged to get a review copy which so impressed me that I provided inside and back cover endorsements. I've only done so with a couple of other books, which should show you how greatly I believe in what he is presenting.


5 book lists we think you will like!

Interested in technical analysis, speculation, and fundamental analysis?

5,309 authors have recommended their favorite books and what they love about them. Browse their picks for the best books about technical analysis, speculation, and fundamental analysis.

Technical Analysis Explore 9 books about technical analysis
Speculation Explore 8 books about speculation
Fundamental Analysis Explore 15 books about fundamental analysis

And, 3 books we think you will enjoy!

We think you will like Winning the Loser's Game: Timeless Strategies for Successful Investing, One Up on Wall Street: How to Use What You Already Know to Make Money in the Market, and Japanese Candlestick Charting Techniques if you like this list.