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7 Best Day Trading Books for Beginners

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  Let us today discuss the best day trading books for beginners. But first, we need to know What is Day trading? Day trading is done by day traders who execute an intraday plan of action to profit off-price changes for a given asset. It requires a wide variety of skills and strategies to take […]

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Let us today discuss the best day trading books for beginners. But first, we need to know

What is Day trading?

Day trading is done by day traders who execute an intraday plan of action to profit off-price changes for a given asset. It requires a wide variety of skills and strategies to take advantage of the market inefficiencies.

A skillful day trader can make up to $5000 a month with day trading. It is often identified by technical analysis and requires a high degree of self-discipline and fairness.

In simple terms, Day trading is nothing but the purchase and sale of assets/security within a single trading day.

Day trading strategies?

best day trading books strategy

There are four major strategies used by Day traders in intraday trading. They are:

  • Scalping trade – An attempt to make numerous small profits on small prices changes throughout the day.
  • Range trading – It primarily uses support and resistance levels to determine their buy and sell decisions.
  • News-based trading – It is typically seizes trading opportunities from the heightened volatility around news events.
  • High-frequency trading (HFT) – It uses sophisticated algorithms(bots) to exploit small or short-term market inefficiencies.

Unfortunately, everything about day trading cannot be written in a single article.

In order to know more about the different strategies, technical analysis, risk management, and psychology you need to refer to the following books listed below.

Best Day Trading Books:

1. Advanced Techniques in Day Trading

In our list of Best day trading books, Advance Techniques in Day Trading by Andrew Aziz is one of the highly recommended books of all time. The book discusses the necessary tools of the trading software and platform.

Then it moves to practical advice on how to find the right stocks to trade, how to define support and resistance levels, and how to best manage your trades.

This is a great book for beginners who are starting with day trading. After you have completed this book you need to move to a more advance version.

It has a rating of 4.5/5 on Amazon.

Download it today

2. Day Trading: The Ultimate Guide

A highly recommended book on our list of best day trading books. Authored by Alan Foley this book helps you learn day trading in the fastest and easiest way so that you make it your source of Income.

It focuses on how day trading works. Why day traders should be aware of the economic outlook held by the experts. why news is an important part of day trading and how to identify investment opportunity?

It has a rating of 4.5/5 on Amazon.

Download it today

3. How to Day Trade for a living

Written by the same author Andrew Aziz, this book is for both beginners and intermediate traders. The book emphasizes more on practical knowledge rather than having book knowledge. it focuses more on practicing what you have learned through the book.

It is considered as the next level of the first book listed in these articles.

It has a rating of 4.5/5 on Amazon.

Download it today.

4. How to Make Money in Intraday Trading

Co-authored by Ashwini Gujral and Rachana R Vaidya, this book is best for beginners and intermediate traders. Ashwini Gujral is one of the famous traders in India.

The book equips you with the skills and temperament to make you market-ready. In this book, Ashwini reveals his time tested and practical day trading strategy.

It has a rating of 4/5 on Amazon.

Download it today.

5. Start Day Trading Now

Authored by Michael Sincere, it is an entry-level book to understand the concept of Day trading from zero. The book is especially for those who know nothing about day trading and are understanding it for the first time.

He starts with the basic fundamentals as to what computer equipment is needed, how much money is required, technical jargon of day trading and so on.

It has a rating of 4.5/5 on Amazon.

Download it today

6. How to Make Money Trading the Ichimoku Chart System

On our list of the best day trading books. Authored by Balkrishna M. Sadekar this book emphasis more on understanding candlestick charts.

Loosely translated, the Ichimoku chart means a ‘one glance equilibrium’ chart. According to the author using this system, a trader can visually determine in an instant whether a chart is bullish or bearish!

It has a rating of 4.5/5 on Amazon.

Download it today

7. A Game I Play Every day

The last book in this list is by author Kamal Jamwal, here you will be able to learn the powerful intraday strategy in less than 90 minutes.

It consists of a quick and simple intraday strategy that can be used on a daily basis to capture up trends and down trends of the market.

It comes with examples of how to use of proper risk management and position your trades. Even a new day trader can easily grasp the concept and start using this day trading strategy in his/her daily use.

It has a rating of 4.5/5 on Amazon.

Download it today

Take away:

Books can only help you to understand the concept but, you cannot rely on them for trading. The more you practice the easier it will be for you to implement those strategies.

All the above books listed in this article have been highly rated on Amazon and have good feedback. You can download them for free if you have Kindle or can buy them for a small amount.

I personally would recommend you to go for the first three books if you want to learn about day trading. Keep in mind that trading is highly risky and there no guarantee on the return.

Always do your own research before investing, never follow the books blindly. Trading is not a get rich quick scheme, it requires a lot of hard work, dedication, and commitment.

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In the End:

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U.S. Treasury Targets Stablecoins in Latest Regulatory Risk Assessment



As regulatory pressure mounts in the U.S., policymakers are putting stablecoins at the top of their agendas.

Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to be released in the coming weeks. Their primary concern is ensuring that investors can reliably move money in and out of tokens, it added.

The anonymous insiders are worried that a “fire-sale run on crypto assets could threaten financial stability and that certain stablecoins could scale up dangerously fast.”

Strengthening Regulatory Efforts

The Financial Stability Oversight Council is also preparing a formal review into whether stablecoins pose an economic threat.

The officials are focusing on how stablecoin transactions are processed and settled and whether market conditions have an impact, it added. Tomicah Tillemann, global head of policy at a crypto fund run by venture capital giant Andreessen Horowitz, commented:


“It is significant and very consequential that we are witnessing early steps to create a regulatory framework around digital assets. That’s a big deal.”

The report, when released, will go to the President’s Working Group on Financial Markets. The body includes key agency heads such as Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and Securities and Exchange Commissioner Chair Gary Gensler.

In late July, Yellen called for urgency in regulating stablecoins after stating that they are not adequately supervised. Gary Gensler echoed the sentiment in early August, stating that regulators must act to protect investors from fraud.

Also, in late July, Acting Comptroller of the Currency, Michael Hsu, said regulators are looking into Tether’s commercial papers to see whether each USDT token was really backed by the equivalent of one U.S. dollar.

Tether has repeatedly issued assurances that its reserves are fully backed but has yet to produce a full independent audit.

Stablecoin Ecosystem Update

Tether remains the market leader with a current supply of 69.4 billion, according to the Tether Transparency report. This is close to the all-time high for USDT, which tapped 70 billion earlier this week.

Of that total, 36 billion or 51.8% is based on the Tron network, with 33.8 billion or 48.7% running on Ethereum. USDT supply has grown by 232% since the beginning of the year.

Rival stablecoin, USDC, from Circle currently has 29.3 billion in circulation after gaining 651% in terms of supply growth so far in 2021.


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Cardano, Chainlink, MATIC Price Analysis: 19 September



Most altcoins in the market have been consolidating or recording losses over the last 24 hours. Cardano fell by 3% and inched closer to the support line of $2.20. Chainlink also depreciated by 5% and was trading closer to its three-week low price. Lastly, MATIC was seen moving closer to its one-week low price of $1.29 after registering a loss of 5% over the past day.

Cardano (ADA)

Cardano, Chainlink and MATIC Price Analysis: 19 September

ADA/USD, TradingView

Cardano lost 3% of its valuation over the last 24 hours. The altcoin was priced at $2.33. Over the last few days, ADA has been consolidating. The nearest support line for the coin stood at $2.20 and then at $1.72. 

On the four-hour 20-SMA the alt’s price was seen below it, indicating that the momentum belonged to the sellers. The Relative Strength Index was below the 50-mark. The Chaikin Money Flow also was seen below the half-line as capital inflows were low.

MACD witnessed a bearish crossover and flashed red bars on its histogram. If ADA moved on the upside, the first resistance mark stood at $2.49, toppling which it could retest $2.79. The other price ceiling stood at the multi-month high of $3.04. 

Chainlink (LINK)

Cardano, Chainlink and MATIC Price Analysis: 19 September

LINK/USD, TradingView

Chainlink was priced at $27.80 after it recorded a loss of 5% over the last 24 hours. LINK’s nearest price floor was at $27.78. Falling below which the coin could trade near its three-week low of $24.45. 

Parameters pointed towards negative price action. On the four-hour chart, LINK’s price was below the 20-SMA. This reading suggested price momentum was inclined towards the sellers. The Relative Strength Index was below the half-line.

Awesome Oscillator flashed red signal bars. MACD also displayed red bars on its histogram. On the flipside, once buying pressure revives, the altcoin could attempt to retest the $32.37 resistance mark and then revisit $35.83. 

Polygon (MATIC)

Cardano, Chainlink and MATIC Price Analysis: 19 September

MATIC/USD, TradingView

MATIC depreciated by 5% and was trading at $1.39. The altcoin’s immediate support line was at $1.29 which also is the one-week low price level. The other price floor was at its over a month-long low price point of $1.07. 

Bollinger Bands converged, indicating that price volatility would remain low over the upcoming trading sessions. MACD was bearish with red bars on its histogram. The Relative Strength Index was also seen below the half-line. 

MATIC’s movement on the upside could mean that the coin would meet with its first resistance at $1.42 and then at $1.54. Toppling over these levels, the coin could revisit its multi-month high of $1.76.

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The Crypto Mining Fight in China Is Not Over



It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30.

China Is Still Kicking Miners Out

China shocked the world not too long ago when it decided that all crypto mining should cease. The idea was that energy used for crypto mining purposes was hazardous to the planet, and that it was setting humans on the wrong path. Thus, regulators stated that it was time to bring things to an official end.

What was most surprising about the ruling is that the country, at the time, was home to nearly 75 percent of the world’s total crypto mining operations. Thus, it stood to lose a lot of money and tax revenue by initiating the clampdown. In addition, the country is home to two of the world’s biggest developers and distributors of bitcoin mining equipment in Bitmain and Canaan Creative.

Nevertheless, China has moved forward in its decision. Many mining operators were forced to shut down their businesses and move elsewhere, and quite a few have popped up in countries such as Kazakhstan and in states like Texas and Florida. Both these regions in America have stated they are open to crypto mining projects given that they can potentially lead to healthier local and state economies, and they will create jobs for interested workers.

The Hebei province issued the following statement:

Cryptocurrency mining consumes an enormous amount of energy, which is against China’s ‘carbon neutral’ goal.

The arguments against crypto mining have become rather prominent in recent months. One of the most notable stemmed from Elon Musk, the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla. He stated early in the year that he was willing to permit bitcoin payments for electric vehicles. A few weeks later, however, he rescinded this decision, claiming that miners were not utilizing their energy correctly, and he could not condone bitcoin unless carbon emissions were brought down.

Too Much Bad Energy in the Air!

Another argument came from Kevin O’Leary of “Shark Tank” fame. The billionaire investor claimed that he would no longer be purchasing any BTC mined in China given that the country was not known to utilize green energy for mining purposes. China later took this issue to heart, it seems.

Starting in October of this year, bitcoin and crypto mining in China will be completely illegal. Regulators in the nation have stated that they will keep a close eye on the mining space and will work to punish all those who disobey the rules.

Tags: china, Crypto Mining, Hebei province
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