Good books on technical and fundamental analysis?

[howardbandy]

Hi Nick --

If you are new to any field and wondering about how hard it will be to succeed, I highly recommend reading two books:
Outliers, by Malcom Gladwell
Talent is Overrated, by Geoffrey Colvin

Both make the point that it takes at least 10,000 hours of high quality practice with focused feedback to become expert in just about anything -- from playing a musical instrument to trading.

In my opinion, it is necessary to understand trading well enough to be able to design your own trading systems; to have programming skills to be able to code, debug, and run your own trading systems; to be enough of a statistician to be able to test and validate your own trading systems.

Barriers to entry into trading are low; rewards for success are high; your competition is highly educated, has the best equipment and the best trading systems, and trades using someone else's money. It is virtually impossible to tell the difference between luck and skill.

This is a very tough business. Read a lot, but look for authors whose ideas you can replicate and verify yourself. Practice a lot using trading system development software. Be cautious taking positions with real money.

Thanks for listening,
Howard

 

[dutchie]

Just start reading. There is plenty of free information right here and at other sites.(as well as free ebooks). You don't have to read every word but get a feel of what information you might get out of it.
You never know when the next gem or lightbulb moment will pop up.
You will soon get a feel of what is good or bad (for you!).

 

[dutchie]

In my opinion, it is necessary to understand trading well enough to be able to design your own trading systems; to have programming skills to be able to code, debug, and run your own trading systems; to be enough of a statistician to be able to test and validate your own trading systems.

Not really, in my opinion, you can also just find someone that you feel confident can do all these things for you (usually for a fee). There are some around.

 

[howardbandy]

Not really, in my opinion, you can also just find someone that you feel confident can do all these things for you (usually for a fee). There are some around.

Good idea. Hire me.

Thanks,
Howard