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Beginners - books you should read

If you are really interested in learning how to trade, then you have to get an education. An education is to fully understand the neoclassical model (which is what we teach), but to also understand how your competition trades - what they are thinking.

For that reason, LA suggests that you purchase the following books and read them in the order listed. The first is a classic easy read that offers lots of trading nuggets that stand true today. The second is the bible of classical technical analysis. The third is one of the better fundamental type reads. The last two are the neoclassical books that introduces and expands on the neoclassical that LA developed. Taken as a group, with five reads you will have a reasonable background to get more serious about consistently profiting in the markets.

• Reminiscences of a Stock Operator by Edwin Lefèvre

• Technical Analysis of Stock Trends by Robert D. Edwards and John Magee

• One Up On Wall Street: How To Use What You Already Know To Make Money In The Market by  Peter Lynch and John Rothchild

• Trend Qualification and Trading: Techniques To Identify the Best Trends to Trade by L.A. Little

• Trend Trading Set-Ups: Entering and Exiting Trends for Maximum Profit by L.A. Little