The best fundamental analysis books

4 authors have picked their favorite books about fundamental analysis and why they recommend each book.

Soon, you will be able to filter by genre, age group, and more. Sign up here to follow our story as we build a better way to explore books.

Shepherd is reader supported. When you buy through links on our website, we may earn an affiliate commission (learn more).

Japanese Candlestick Charting Techniques

By Steve Nison,

Book cover of Japanese Candlestick Charting Techniques

A lot can happen in a day and it can often be difficult to summarize. However, in this book, Steve Nison shows how the ancient system of candlestick charting can be used to analyze trends and anticipate upcoming market moves. This book is required reading for anyone seeking to learn how to read charts.


Who am I?

The stock market has been a passion of mine for over 15 years. These books have helped me learn how to spot trends and manage my risk while trading in stocks and cryptocurrencies through bull and bear markets. 


I wrote...

Swing Into It: A Simple System For Trading Pullbacks to the 50-Day Moving Average

By T. Livingston,

Book cover of Swing Into It: A Simple System For Trading Pullbacks to the 50-Day Moving Average

What is my book about?

Packed with over thirty-five charts, Swing Into It: A Simple System For Trading Pullbacks to the 50-Day Moving Average, lays out an easy-to-follow yet effective strategy for successful swing trading. Detailing the technical indicators and money management strategies that have worked best for him, T. Livingston breaks down what every savvy trader needs to profit in today’s stock market. Topics discussed include how to analyze the general market, which stocks to trade, when to buy, position-sizing, profit targets, and selling rules.

Swing Into It provides a variety of different examples so that the reader will be prepared for various market scenarios. Detailed sample trades are included so that the reader can see how Livingston thinks throughout each phase of his trades. If you’re looking to get started in swing trading or seeking to refine your trading system, Swing Into It belongs in your library.

Encyclopedia of Candlestick Charts

By Thomas N. Bulkowski,

Book cover of Encyclopedia of Candlestick Charts

This book explains every candlestick pattern you can think of, and more. The best part is that Bulkowski has tested each pattern and summarized the results. He puts the best patterns at the front of the book, so you do not need to read everything to find what you are really looking for. I use it as a reference quite often.


Who am I?

As an aerospace mathematician, I transitioned into the futures markets and became fascinated by the ability to participate in “price discovery,” and to get instant gratification from a good trade. You are not dependent on anyone else. I then decided that the stock market offered another exciting venue. Once you learn to control risk and be patient, success will follow. All that from sitting at my desk.


I wrote...

Learn To Trade: Trade To Win With A Rule-Based Method

By Perry J. Kaufman,

Book cover of Learn To Trade: Trade To Win With A Rule-Based Method

What is my book about?

Learn To Trade will step you through chart reading, moving averages, breakouts, risk control, and portfolios – everything you need to be a successful trader. It will give you rules to follow, rules that make the difference between uncertainty and confidence.

While this book is intended for the serious beginner, all traders will benefit from the review and the added inside by renowned trader and analyst Perry Kaufman.

Trades about to Happen

By David H. Weis,

Book cover of Trades about to Happen: A Modern Adaptation of the Wyckoff Method

In his book, David Weis explains the principles of the Wyckoff method from a more modern approach, adapted to today's markets.

Using simple but very powerful concepts (supports and resistance, Springs and Upthrust, effort vs. result), he gives us the necessary ideas to build our own winning trading system.

David also created his own indicator (Weis Wave), which is a great contribution to the trading community.


Who am I?

I am Rubén Villahermosa, independent trader and author. My logical and rational mind led me to question the why of market movements, which allowed me to learn the principles of the Wyckoff method. I have deepened in the study of the interaction between supply and demand through high-level Technical Analysis tools such as Wyckoff, VSA, Price Action, Volume Profile, and Order Flow; knowledge that I share through my books from principles of honesty, transparency, and responsibility.


I wrote...

The Wyckoff Methodology in Depth

By Rubén Villahermosa,

Book cover of The Wyckoff Methodology in Depth

What is my book about?

Are you tired of losing money in the stock market? Have you tried countless trading methods and none of them work? Get rid of everything that didn't work for you and learn a professional approach: The Wyckoff Method.

Ruben Villahermosa, Amazon bestseller and independent trader, has refined and improved some of the most powerful concepts of stock market trading and makes them available to you in this book so that you too can benefit.

Investing for Growth

By Terry Smith,

Book cover of Investing for Growth: How to Make Money by Only Buying the Best Companies in the World - An Anthology of Investment Writing, 2010-20

This book is really a collection of previously published material -- shareholder letter, op-eds, etc. -- by Terry Smith who founded Fundsmith, a firm with an exceptional long-term track record. The book covers a lot of ideas, but it sets you in the right frame of mind for investing successfully. Smith also provides ample warning about what not to do (i.e., market timing).


Who am I?

I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.


I wrote...

100 Baggers: Stocks That Return 100-to-1 and How To Find Them

By Christopher W. Mayer,

Book cover of 100 Baggers: Stocks That Return 100-to-1 and How To Find Them

What is my book about?

When I studied 100-baggers of the past, definite patterns emerged. In this book, you will learn the key characteristics of 100-baggers and why anybody can do this. It is truly an everyman's approach. You don't need an MBA or a finance degree. Some basic financial concepts are all you need along with a number of crutches or techniques that can help you get more out of your stocks and investing. The emphasis is always on the practical, so there are many stories and anecdotes to help illustrate important points. You should read this book if you want to get more out of your stocks. Even if you never get a 100-bagger, this book will help you turn up big winners and keep you away from losers and sleepy stocks that go nowhere.

Dual Momentum Investing

By Gary Antonacci,

Book cover of Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk

I first encountered Gary Antonacci’s strategy in his paper “Risk Premia Harvesting Through Dual Momentum,” in which he called momentum “the premier market anomaly.” He found that combining absolute and relative momentum delivered optimal results. In this book, he shows how to boost performance with monthly switching among three asset classes in the following decision tree: Did the S&P 500 beat US bonds over the past 12 months? If no, own US bonds. If yes, did the S&P 500 beat global stocks over the past 12 months? If no, own global stocks. If yes, own the S&P 500. Just three funds could power this system: SPY (S&P 500), AGG (US bonds), VEU (global stocks ex US).


Who am I?

I am the author of The Neatest Little Guide to Stock Market Investing and The 3% Signal, among other financial books, and editor of The Kelly Letter. Despite having been ranked by CXO Advisory as one of the best stock-market forecasters, I gave up the practice in favor of price reaction. I realized that nobody knows where stocks are headed, myself included, and set out to find ways to beat the market without forecasting—and succeeded. My readers and I are now much happier and wealthier.


I wrote...

The 3% Signal: The Investing Technique That Will Change Your Life

By Jason Kelly,

Book cover of The 3% Signal: The Investing Technique That Will Change Your Life

What is my book about?

More than half of all stock-market forecasts are wrong, according to a CXO Advisory study. Even when a forecaster claims victory, it’s usually a coin-toss coincidence. What to do? Ignore forecasts in favor of rational price reaction. Instead of guessing the future, make your moves based on price change in relation to a growth target.

By targeting three percent quarterly growth and adjusting allocations to meet that goal, you can level the financial playing field and ensure a secure retirement free from the stress of noisy advice that doesn’t work. The plan’s simple technique cuts through the folly of human emotion by automatically buying low and selling high.

Quantitative Equity Portfolio Management

By Ludwig B. Chincarini, Daehwan Kim,

Book cover of Quantitative Equity Portfolio Management: An Active Approach to Portfolio Construction and Management

Ready to roll up your sleeves? This book takes work but is worth the mental energy. It’s a departure from most rules-based material in that it advocates applying objective odds when making subjective judgments. I prefer an all-algorithmic approach, but tip my hat to this hybrid strategy—far preferable to mainstream financial-media dart-tossing. Established patterns exist and are exploitable. Big-picture tactics trump lucky breaks. How much better the world would be if more people understood that bonds are less volatile than stocks. This book confirms that tweaking essential portfolio management factors to eke out a slight advantage runs circles around the casino mindset.


Who am I?

I am the author of The Neatest Little Guide to Stock Market Investing and The 3% Signal, among other financial books, and editor of The Kelly Letter. Despite having been ranked by CXO Advisory as one of the best stock-market forecasters, I gave up the practice in favor of price reaction. I realized that nobody knows where stocks are headed, myself included, and set out to find ways to beat the market without forecasting—and succeeded. My readers and I are now much happier and wealthier.


I wrote...

The 3% Signal: The Investing Technique That Will Change Your Life

By Jason Kelly,

Book cover of The 3% Signal: The Investing Technique That Will Change Your Life

What is my book about?

More than half of all stock-market forecasts are wrong, according to a CXO Advisory study. Even when a forecaster claims victory, it’s usually a coin-toss coincidence. What to do? Ignore forecasts in favor of rational price reaction. Instead of guessing the future, make your moves based on price change in relation to a growth target.

By targeting three percent quarterly growth and adjusting allocations to meet that goal, you can level the financial playing field and ensure a secure retirement free from the stress of noisy advice that doesn’t work. The plan’s simple technique cuts through the folly of human emotion by automatically buying low and selling high.

Investing for Growth

By Terry Smith,

Book cover of Investing for Growth: How to make money by only buying the best companies in the world – An anthology of investment writing, 2010–20

Some people love to make successful investing seem more complicated than it really is. In this anthology of essays and letters written between 2010–20, Terry Smith makes the case for simply buying the best companies in the world. These are businesses that generate large amounts of cash and know what to do with it in the form of sound capital allocation. The result is a powerful compounding of returns for the long term.

This book serves as a good reiteration of the thinking and principles underpinning Smith’s investing approach, including his three-step investment mantra: “Buy good companies. Don’t overpay. Do nothing.” It also highlights the nuances of the process, including why Smith favors return on capital employed (ROCE) and free cash flow (FCF) yield as metrics for assessing companies and why Smith is less enamored of measures such as earnings per share (EPS).


Who am I?

I am the Founder of Stellar Wealth Partners, a SEBI-registered Research Analyst firm and small case manager for investors in the Indian stock market. I am the author of the international best-seller on value investing, The Joys of Compounding. Once a strong foundation is created for a business, owners don’t work for money. Rather, money works for them. As an investor, your money is working for you 24/7. You are becoming wealthier with each passing second, alongside the increasing intrinsic value of your businesses. An investor builds earnings power through a business ownership mindset. 


I wrote...

The Joys of Compounding: The Passionate Pursuit of Lifelong Learning

By Gautam Baid,

Book cover of The Joys of Compounding: The Passionate Pursuit of Lifelong Learning

What is my book about?

Value investing is not just a system for success in the market. It's also an intellectual toolkit for achieving a deeper understanding of the world. In The Joys of Compounding, Gautam Baid builds a holistic approach to value investing and philosophy from his wide-ranging reading, combining practical approaches, self-cultivation, and business wisdom. Baid integrates the strategies and wisdom of preeminent figures whose teachings have stood the test of time. Drawing on the work of investing greats like Warren Buffett, Charlie Munger, and Ben Graham, as well as philosophers and scholars, he artfully interweaves the lessons learned from his many teachers. Baid demonstrates their practical applications in the areas of business, investing, and decision making and also shows that these ideas can be applied to one’s own life with just as much reward.

Candlestick Charting for Dummies

By Russell Rhoads,

Book cover of Candlestick Charting for Dummies

Great trades come from market analysis, not hot tips on Reddit. Candlestick charts contain an enormous amount of information about market trends and activity. Learning charting takes some time, and this book is a great start. Whatever system you decide to follow, make notes of your trades. Plan them out, then note what worked and what didn’t. 


Who am I?

I’ve always been fascinated with money and investing. Trading is but one segment of the market, but it’s one that creates a lot of drama and excitement that draws people in—and that creates great stories. I also want people to do their research before they trade, because so many people lose money. Preparation, discipline, and strategy improve the odds of success. I’m a long-time financial author and consulting analyst. I have an MBA and am a CFA charter holder, the whole bit, and want to make financial information more accessible. There are a lot of people with a vested interest in making things more complicated than they need to be.


I wrote...

Day Trading for Dummies

By Ann C. Logue,

Book cover of Day Trading for Dummies

What is my book about?

Due to the fluctuating economy, trade wars, and new tax laws, the risks and opportunities for day traders are changing. Now, more than ever, trading can be intimidating due to the different methods and strategies of traders on Wall Street. Day Trading For Dummies provides anyone interested in this quick-action trading with the information they need to get started and maintain their assets. 

From classic and renegade strategies to the nitty-gritty of daily trading practices, this book gives you the knowledge and confidence you'll need to keep a cool head, manage risk, and make decisions instantly as you buy and sell your positions. If you’re someone who needs to know a lot about day trading in a short amount of time, this is your place to start.

Trader Vic--Methods of a Wall Street Master

By Victor Sperandeo, T. Sullivan Brown,

Book cover of Trader Vic--Methods of a Wall Street Master

This book is a classic and the best of the many books written by traders describing trading situations and what they did to conquer the market. Sperandeo delivers concise, specific definitions of how he defines and uses trends with some of the clearest charts you will ever see. I find myself going back to some of the same pages over the years in which he discusses how to tell if a trend is undergoing a correction or is an authentic reversal.


Who am I?

Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.


I wrote...

Technical Analysis For Dummies

By Barbara Rockefeller,

Book cover of Technical Analysis For Dummies

What is my book about?

Technical Analysis for Dummies covers the universe of techniques that help traders make gains and avoid losses. These techniques are based mostly on arithmetic but which ones you choose and how you use them makes a big difference in winning or losing. You can design a winning system to get an advantage—and still go broke if you hang on too long (greed) or get out too early (fear). 

In order to trade well, you need to review all the technical methods. Here’s the blessing and the curse—every single technique works. Selecting the techniques that are a fit for your personality and lifestyle is a lot harder. You may think you know yourself going in, but chances are you will be surprised at what fits you best.

Trade Like a Stock Market Wizard

By Mark Minervini,

Book cover of Trade Like a Stock Market Wizard: How to Achieve Superperformance in Stocks in Any Market

Mark Minervini is undoubtedly one of the greatest traders to ever live. This book is an absolute gem, building on what O’Neil wrote in his book. Minervini has gotten his trading down to absolute precision, from when to buy, when to sell, and how to screen for stocks. It’s all in here. A must-read for anyone looking to learn about trading.


Who am I?

The stock market has been a passion of mine for over 15 years. These books have helped me learn how to spot trends and manage my risk while trading in stocks and cryptocurrencies through bull and bear markets. 


I wrote...

Swing Into It: A Simple System For Trading Pullbacks to the 50-Day Moving Average

By T. Livingston,

Book cover of Swing Into It: A Simple System For Trading Pullbacks to the 50-Day Moving Average

What is my book about?

Packed with over thirty-five charts, Swing Into It: A Simple System For Trading Pullbacks to the 50-Day Moving Average, lays out an easy-to-follow yet effective strategy for successful swing trading. Detailing the technical indicators and money management strategies that have worked best for him, T. Livingston breaks down what every savvy trader needs to profit in today’s stock market. Topics discussed include how to analyze the general market, which stocks to trade, when to buy, position-sizing, profit targets, and selling rules.

Swing Into It provides a variety of different examples so that the reader will be prepared for various market scenarios. Detailed sample trades are included so that the reader can see how Livingston thinks throughout each phase of his trades. If you’re looking to get started in swing trading or seeking to refine your trading system, Swing Into It belongs in your library.

Or, view all 15 books about fundamental analysis

New book lists related to fundamental analysis

All book lists related to fundamental analysis

Bookshelves related to fundamental analysis