Are you stuck at home during the circuit breaker? We can go on a ride with Jim Rogers, co-founder of Quantum Fund. He will take us on his 22-month bicycle ride through 52 countries, and he will also show us how he finds investment opportunities in foreign countries. This is the power of a good book. It takes you to another place for a moment, which allows our minds to wander and discover new ideas.

Reading books is the best way to get a solid understanding of a topic. Charlie Munger once said that ‘I have never known any wise people who didn’t read all the time. None, zero.’ This is exactly what investing is about.

IG, the largest CFD provider in the world, has curated a selection of their top 10 trading and investment books. These books were selected by IG’s financial professionals – market strategists, dealers, and client managers. They share their insights with us through bite-sized videos. Podcast interviews are available with Roger Lowenstein and other authors, discussing the rise and fall Long-Term Capital Management. To get a preview of books you are interested in reading, I recommend you visit IG’s website. In no particular order…

1. One up on Wall Street Peter Lynch

Andreas Vassiliou, IG Dealer, recommends
One up on Wall Street was created by Peter Lynch. He is one of the most successful mutual funds managers who managed the Magellan Fund at Fidelity from 1977 to 1990 and averaged a remarkable 29.2% annual return.

In layman terms, he offers tips on how retail investors can identify investment opportunities in the products and services that they come across every day. These stocks can be ‘ten-baggers’ if discovered early. They will appreciate tenfold after their initial investment. You can easily add a few of these stocks to your portfolio and you will be able to manage star mutual funds.

Andreas Vassiliou (IG Dealer) has some words to say about the book:

‘An honest account from one of the most successful fund managers in the world. It is written simply and highlights small changes to everyday thinking which could aid better stock selection.’

2. Reminiscences of a Stock Operator by Edwin Lefèvre

Recommended by IG Dealer, Ludwik Chodzko-Zajko
Reminiscences of a Stock Operator is a fictionalized story based on the trading career of Jesse Livermore. It follows his journey from the age of 15 when he made his first $1,000 to becoming a Wall Street legend.

See how he learned the ins-and-outs of trading the hard way while losing his fortune and then making it all back. Decades after its original publication, readers are still getting tremendous value from Livermore’s experience.

What Ludwik Chodzko-Zajko, IG Dealer, has to say about this book:

‘It will teach you a lot of mistakes that you will probably make at some point. It’s a fascinating read because he goes through so many things that contemporary traders do today.’

The Intelligent Investor by Benjamin Graham

Jingyi Pan, IG Market Strategist was recommended
The Intelligent Investor – This is the essential text on value investing, a method of investing that was developed by Benjamin Graham at Columbia Business School in the 1920s.

Graham’s value investing philosophy — which protects investors from substantial errors and teaches them how to develop long-term strategies — has made The Intelligent Investor the stock exchange bible since 1949. Warren Buffett said that this book was ‘the best on investing’.

Jingyi Pan (IG Market Strategist) has some words to say about the book

‘Because of the noises in the market, very often when we talk about a company or a security, the value does not equate to the price which create investment opportunities.’

4. Technical Analysis of the Financial Markets by John Murphy

Martin Essex, DailyFX Analyst and Editor
John J. Murphy, a former Merrill Lynch director of technical analysis, wrote Technical Analyse of the Financial Markets. It is widely considered a trading bible. This remarkable reference has been used to teach thousands of traders technical analysis concepts and how they can be applied in futures and stock market trading.

The second edition covers the most recent developments in computer technology, technical instruments, and indicators. It also includes new material on stock rotation, intermarket relationships and candlestick charts. The second edition provides a comprehensive and easy-to-understand overview of technical analysis with a particular focus on futures markets.

Martin Essex, DailyFX Analyst, and Editor has some words to say about the book:

‘The book provides everything you need to know about trading using technical analysis. It’s the perfect handbook for everyone, from beginner to expert, from the day trader to the long-term investor.’

5. The Big Short by Michael Lewis

Recommended by IG Premium Client Manager, Bianca Fischer
The crucial question was this: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages?

Written by Michael Lewis, The Big Short tells the story of the biggest housing bubble in history and the people who saw it coming. They bet against the subprime mortgage market and ended up profiting from the financial crisis of 2007 to 2008.

What Bianca Fischer, IG Premium Client Manager, has to say about this book:

6. Trading in the Zone by Mark Douglas

Monte Safieddine, IG Market Analyst was recommended
Trading in Zone is a guide that outlines the attributes traders need to be successful. Douglas identifies the root causes of lack of consistency in traders and helps them overcome their ingrained mental habits which can cost them money.

He exposes the myths surrounding the market, allowing traders to see beyond random outcomes and understand the real risks. This will allow them to feel comfortable with the probabilities that market movements will occur.

Monte Safieddine (IG Market Analys) has some words to say about the book:

“We can’t get financial freedom if we don’t have the right, consistent rules to make it happen.”

7. Market Wizards by Jack D. Schwager

Interview with the author on IG Podcast
What is it that separates the best traders and the majority of failed investors around the world? Jack Schwager, a financial legend, sets out to answer the question through his interviews with top money-makers like Bruce Kovner and Richard Dennis.

These stories are entertaining and informative, but the real value of the book lies in the shared experiences between interviewees. These stories show that success in the market is not determined by luck or other rare traits, but rather solid methodology and the right mental attitude.

This is what David Joseph, the Head of DailyFX USA has to say about this book.

‘Market Wizards is one of my favourite trading books – the interviews with a variety of legendary investors reveal the characteristics and internal drive required to execute a host of investment strategies, across a variety of asset classes.’

9. Pit Bull: Lessons From Wall Street’s Champion Trader – Martin Schwartz

Interview with the author on IG Podcast
Pit Bull: Lessons From Wall Street’s Champion Day Trader is a look at Martin ‘Buzzy ‘Schwartz’ Schwartz’s career. After years of trading successfully on Wall Street, the man with the killer instinct and nerves of steel earned the nickname “Pit Bull”.

This book offers fascinating lessons for both beginners and professionals on how to be a winner, including the styles, strategies and attitudes that are required. This book not only provides insight into making money but also reveals the lifestyle that is required to become a professional trader.

This is what Konstantin Oldenburger (IG Financial Writer) has to say about the book.

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