Registered User
Joined: 10/7/2004
Posts: 43
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Hi
I have a friend who is just getting started.. As I remember Don included a suggested reading list in one of his notes a few years back.. Was wondering if you have it or could point me to where it is located
Thanks, Tisync
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Ask and you shall receive! From the desk of Don Worden (DW).....
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Following is a list of books that I believe would be helpful for anybody developing a serious interest in the stock market. Although TC2000 is designed for the technical analysis of stock charts, it is a wise technician who acquires a broad range of knowledge - including attention to fundamental, psychological, and tactical aspects of investing.
Nothing beats day-to-day experience in developing expertise. "Tips and Hints" and the "Worden Notes" have the virtue of being an ongoing source of demonstration, providing help in small doses. But "book learning" is indispensable to a strong foundation to build on. You won't find any final answers here or a magic system. Here's hoping that in time, with diligence, you will arrive at an approach that works for you.
Any of these books can be purchased from Fraser Publishing Co., Post Office Box 494, Burlington, VT 05402. Their Web site is <http://www.fraserbooks.com/>. Their telephone number is 800-253-0900. They specialize in investment books and Jim Fraser is an old friend of mine. You may find this an interesting site to browse.
Regards,
Don Worden
Don Worden’s Recommended Book List
The Battle for Investment Survival by Gerald Loeb (republished in 1996 by John Wiley & Sons, Inc.)
Confessions of a Stock Operator by Lefevre (Wiley & Sons) A must read novel, fictionalized biography of legendary stock trader Jesse Livermore)
Trader Vic - Methods of a Wall Street Master by Victor Sperandeo (A practical trader & an original thinker. Interesting strategies.)
Beating the Street by Peter Lynch (Gives a good feel for a fundamental approach to the market.)
How to make money in Stocks by William O'Neil (An interesting strategic approach to the market)
The New Contrarian Investment Strategy by David Dreman (An excellent book about decision making in the stock market)
The Money Masters by John Train (and any of his other books, which are fun to read and will give you ideas)
Stock Market Logic by Norman G. Fosback (Almost an investment encyclopedia in its own time)
Technical Analysis Explained by Martin Pring (Pring is an excellent technician, particularly for one who leans toward the mechanical. Any serious technician should read this book.)
Trading for a Living by Alexander Elder (Very useful tools for the trader to experiment with. Enthusiastically presented, but not a guide to making a living. Commodity oriented but still useful to the stock trader.)
Winning on Wall Street by Martin Zweig (Zweig is too successful to ignore. And this is an excellent book.)
The Market Wizards by Jack D. Schwager (More excellent insights)
Schwager on Futures Technical Analysis by Jack D. Schwager (More excellent insights)
The Mutual Fund Wealth Builder by Hirsch (Even if not interested in funds)
The Intelligent Investor by Benjamin Graham (Either this or Graham & Dodd’s Security Analysis to develop a feel for classical fundamental analysis)
The Technical Analysis of Stock Trends by Edwards & Magee (Sometimes called the "bible" of technical analysis. For serious chart readers it is an absolute must. Think of it as the "original" book on pattern chart reading. It is nevertheless replete with logical errors.)
The Technical Analysis Course By Thomas A. Meyers (A step-by-step learning program for investors and traders. Beginners respond very well to this book.)
Everything You've Heard about the Market is Wrong by William H. Gross, one of the largest bond managers in the world. Down to earth observations by a brilliant man. He specializes in bonds but has profound insight into the stock market as well. An added attraction is that this book is current (published in 1997) and much of what he has to say still applies to existing problems.
Contrary Investing by A.M. Gallea and William Patelon III. Nicely organized and covers a lot of ground. Could be a good first book for the serious beginner. Read it and you'll have a good overall knowledge of the stock market.
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 43
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Many thanks... As I remembered it is a very good reading list which anyone would be well advised work through...
Regards,
Sir Tisync
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Our pleasure...
- Craig
Here to Help!
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