According to Warren Buffet, one of the wealthiest men on earth, there are only two rules to making money.
His first rule is to never lose money in the first place. His second rule is to always abide by rule number one. Stock trading and investing attract millions of people around the globe who wish to try a hand at making some extra cash.
But there is only one thing that people who wish to earn a passive income through this method from the ones that achieve making that extra cash:
The right guidance and knowledge. Most people who wish to avail decent guidance use price action to make constant profits.
The features of a security's price movements are described by price action. This movement is frequently examined considering recent price fluctuations.
Price action, in simple terms, is a trading strategy that allows a trader to read the market and make subjective trading decisions based on previous and actual price movements rather than depending primarily on technical indicators.
Here is a list of the best price action trading books in India:
Best Price Action Trading Books In India (2022)
1. Price Action Breakdown
Price Action Breakdown is a book about financial market price action analysis. It includes concepts, ideas, and price action trading approaches that are very fresh.
The information and tips presented in this book can be applied to any financial market- including Forex, futures, stocks, commodities, and other key markets.
From evaluating price movements on your charts to trade entry and exit, this book has the potential to improve you in many key areas.
Reading, studying, and applying these concepts and trading methods provided can greatly improve your trading in all aspects.
You'll learn about ideas like price value, pricing control, excess price, and changing supply and demand levels. It has a unique price action trading approach that will greatly benefit your trade.
2. Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader 1st Edition
Trading Price Action Trends is a skillfully written book that explains how understanding price action
Effectively reading price charts bar by bar can help you follow unfolding patterns that are all initiated by institutions.
This allows you to profitably piggyback on your trades by setting up early entries with tight stops.
This dependable handbook is both entertaining and educational. How to trade trends, trading ranges, breakouts, and reversals is efficiently covered within this informational book.
Trend lines and trend channels are simple tools that can be used to illustrate the presence of trends and trading ranges.
This book provides the readers with a thorough explanation of the meaning of each type of candle, as well as the arithmetic that traders must understand when placing trades.
There is a lot more than this in the book, and every trade enthusiast should consider checking it out.
3. Price Action Trading: Technical Analysis Simplified!
The price movement of securities plotted over time is known as price action.
All the technical analysis of a stock, commodity, or other asset chart is based on price activity.
Many short-term traders base their trading decisions only on price movement and the formations and trends derived from it - and manage to succeed.
Sunil Gurjar - the Founder of Chartmojo - has written this book such that it will teach you how to trade equities and time entry and exit better using price movement rather than technical indicators.
The book is presented in straightforward, easy-to-understand language and is best suited for anyone interested in learning Technical Analysis, particularly Price Action.
Intraday trading, swing trading, and positional trading are a few of the many topics covered in this book.
4. In-Depth Guide to Price Action Trading
This book features a highly efficient and comprehensive swing trading strategy with a favourable risk-to-reward ratio.
It is for use on any liquid market, including stocks, forex, futures, commodities, and indices. An in-depth examination of price movement is also provided to the readers.
With a solid understanding of the most effective price action techniques for market analysis, this book is one of the most famous texts in the field of trade.
If you study and apply what is offered throughout the book, you may trade on your own and generate consistent good profits month after month.
Interpreting and evaluating price action fluctuations to find high-probability trading opportunities would be easy for readers who finish this book.
And determination of important marketplaces where the price will most likely change direction would never be an issue.
5. Price Action Trading Secrets: Trading Strategies, Tools, and Techniques to Help You Become a Consistently Profitable Trader
Learn how to become a consistently profitable trader by using established trading strategies, tools, and approaches from Teo's Price Action Trading Secrets.
Without depending on indicators, news, or signal services.
Price action trading allows you to interpret the "hidden language" of the markets and better time your inputs and exits.
Few of the many essential features of this book is teaching the readers several Price Action Trading Secrets on how to beat the markets using trading methods, tools, and tactics.
How to trade profitably without relying on fundamental news, trading indicators, or signal providers; and ten natural laws that nobody speaks off in trading.
6. Understanding Price Action: Practical Analysis of the 5-Minute Time Frame
Understanding Price Action is a must-read for both aspiring and seasoned traders who want to learn more about "trading from the naked chart".
Vol man effectively demonstrates that only a handful of price action concepts are responsible for the majority of changes in any market session.
He also stresses the fact that it requires common sense and not necessarily skill to use these essentials to one's advantage in the trading game.
The book's strength comes from the extreme clarity with which the principles and trading tactics are presented.
Aside from providing a thorough examination of price action mechanics, it has approximately 400 fully annotated charts and a wealth of information.
One alone has a large database of intraday analysis that no other trading guide has.
7. Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader
Finding a system that works and adheres to it is the key to being a successful trader.
Al Brooks, a technical analysis contributor to Futures magazine and a twenty-five-year independent trader, has precisely managed to achieve that.
He's discovered a means to make regular earnings independent of market direction or economic situation throughout his career.
And now, with his new three-book series on how to trade the markets using price action.
Brooks explored an important array of price action basics and trends in the first book of this series - Trading Price Action Trends.
He went on to provide vital insights on trading ranges, breakouts, order management, and the mathematics of trading in the second book, Trading Price Action Trends.
8. Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader
Brooks has managed to provide the trading sector with some beneficial books, and the one to steal the spot number 8 is no less than any of his previous works.
Page by page, Brooks shows how to use technical analysis of price action to spot and benefit from trading ranges, which most markets are in most of the time.
He covers some of the most critical parts of this method along the way, such as trading breakouts, identifying support and resistance.
And making the best possible entry and exit decisions.
Brooks uses 5-minute candle charts—all of which are built with TradeStation—to explain basic principles throughout the book.
But he also covers daily and weekly charts. Brooks also explains how price action may be utilized to trade stocks, currencies. Treasury note futures, and options because he trades more than just E-mini S&P 500 futures.
9. Forex Price Action Scalping: An In-Depth Look into the Field of Professional Scalping
Forex Price Action Scalping offers a fresh perspective on professional scalping.
This comprehensive guide on intraday techniques is jam-packed with charts and takes the reader right into the heart of short-term trading.
Forex Price Action Scalping is one of the few books on the market that takes scalping to such a precise and detailed level, hence becoming an interesting read.
Hundreds of setups, entrances, exits, and price action principles are covered in detail within this book.
Along with that, famed psychological concerns and the vitally crucial but frequently missed components of intelligent accounting are also included by Valman.
The book provides a plethora of knowledge as well as helpful ideas and tactics for any scalper who is serious about his trade.
10. The Ultimate Price Action Trading Guide
The Ultimate Price Action Trading Guide is the most efficient approach to learning the secret behind profiting from market movements.
After going through this book, readers can expect to gain a huge trading advantage by understanding the dynamics of price action trading.
Years of trade experience are available to you through the chapters within this book. Give yourself a leg up by learning from someone who has worked on a prop desk before.
Atanas will teach you all you need to know about price action, including the vital steps of how to trade it. This book will clarify your trade situation.
Understand the many types of candlesticks and price movement patterns to lower your risk and increase your profitability with this trading guide.
This book will demystify price action trading once and for all, with simple explanations of difficult issues.
This book might seem a little expensive as compared to its pages - but once you finish it, you would find it worth every rupee.
The price movement of securities plotted over time is known as price action. All technical analysis of a stock, commodity, or other asset chart is based on price activity.
Many short-term traders base their trading decisions only on price movement and the formations and trends derived from it.
Since it employs past prices in computations that can then be used to inform trading decisions, technical analysis is a derivative of price action.
Charts that plot prices over time can be used to see and analyze market action. To improve their ability to recognize and comprehend trends, breakouts, and reversals, traders use various chart compositions.
Candlestick charts are popular among traders because they assist visualize price changes by presenting the open, high, and low prices.
Traders no matter if professionals or amateurs use this method to make consistent profit and are a skill you will want in your arsenal if you want to grow as a trader and minimize losses.
Hopefully, the above-mentioned list of books would help you in the field of price action trading book.
Frequently Asked Questions (FAQs)
Q1. What is the best book for price action trading?
Ans. Here is a list of books that are best for price action trading:
Price Action Breakdown, By Laurentiu Damir
In-Depth Guide to Price Action Trading, By Laurentiu Damir
Trading Price Action Trends, By Al Brooks
The Ultimate Price Action Trading Guide, By Atanas Matov
Trading Price Action Trading Ranges, By Al Brooks
Q2. How do I learn price action trading?
Ans. You can follow the following steps to learn price action trading:
Find out what price action is.
Begin with the demand and supply concepts.
Discover how to determine market bias.
Discover how to break into the market.
Find out how to use stop-loss orders.
Learn how to benefit from your investments.
Recognize the concept of expectation.
Practice as much as you can
Q3. Is trading price action profitable?
Ans. Every strategy yields a profit. It is determined by the trader. Script price action is also attempted to be captured using indicator-based trading.
The price action approach is defined as the ability to read a chart and predict price movements without using indicators.
Price action is when you can read candlestick patterns, supports, resistances, supply-demand zones, and volume price action with your naked eye.
And there's nothing wrong with using indicators and tools to capture those.
Q4. How do I become a successful price action trader?
Ans. You should follow the following steps to become a successful price action trader:
Appreciate what price action trading is.
Begin from scratch.
Replace your chart's indicators.
Create a trading strategy based on price action.
Real-time simulation and learning
Q5. Who is the best price action trader in the world?
Ans. Al Brooks is a day trader and a technical analysis contributor to Futures magazine.
He discovered sustained success and profitability as a trader after switching careers from ophthalmology to trading twenty years ago when he devised his method of reading price charts.
Here are the best price action trading books: