What is the best book to read to learn options trading?
960414
I too was in the same boat as you a few years back. After having discussed this with several professionals and traders, I was recommended the following and support their thoughts as well:\n\n1) Options As a Strategic Investment by Lawrence McMillan\n     The book is heralded as the "The Bible" for option traders. It comes complete with explanations, charts, and commentary; a complete package and stand-alone volume. It is often called the "OSI book."\n\n2) Option Volatility and Pricing by Sheldon Natenburg\n   This particular book delves more into the structure and pricing of the option rather than the many applications as OSI covers.\n\nConclusion: Anything by the above two authors is a safe bet to be a complete study tool in learning about options. From beginning investors wanting to know the basics through the advanced traders who want to brush up on concepts and application, you are bound to be satisfied.
461112
There are people that do make money trading options, but it is not for the faint hearted. You are paying a premium for the right to buy or sell the stock at a particular price within a certain amount of time. \n\nLuck is your most useful tool. If you get lucky and hit a stock during a major move, you will make a lot of money. If you hit a stock at the end of its move, you will loose the amount paid for the options. The more volatile the stock the higher the premium for the option. \n\nMany professionals use the Black-Scholes Pricing Formula for Call Options. Look it up on Yahoo to determine how it works. It is too complicated to go into here.\n\nPersonally I think the best way to make money on options is to write covered calls. That way you get the premium. Of course, if the stock makes a big move on you, some one else gets the benefit of that.
838532
Part of fundamental analysis is not just reading the numbers, but knowing what to do with them.  \n\nI would recommend\nJim Cramer's Real Money by Jim Cramer \n\nCramer recommends a fundamental approach, similar to value investing.  This book gives a good  explanation of market cycles, and how to determine if a stock is 'cheap'.\n\n\nor\n\n\nHow to Make Money in Stocks by William J O'Neil\n\nO'Neil  uses an approach that combines fundamentals with technical analysis.  Its a more actively traded style that takes advantage of momentum.\nI found his  explanation of growth companies and  how to evaluate the fundamentals helpful.
129427
Get "Calculus for Dummies."  It is an amazing prep book.
148216
i think the best place to go for investing is "jim cramers real money". I read this book and it is very helpful. It's definitely a great place to start.
1114990
I can't recommend a book but FOREX.COM is an excellent place to start.  Just subscribe to their mailing list and pick out the news you might want to read.\n\nBe warned though, it's not as easy as you think and if you want to make money off of it, you need professional tutoring.
231682
I can train you.\n\nVery Important Note:\nIf you don't have assets of at least $2,500,000.00 and if you are not willing to lose at least $25,000.00 PER DAY I suggest you to stay way from energy futures.  \n\nFUTURES ARE RISKIER THAN OPTIONS
247301
Maybe some tips could be found on www.betonmarkets.com.\n\nOther source are amazon.com's books. Go to the site and search for books with keywords like: trading; wallstreet; expert traders, etc.\n\nHope will help.
330501
Encyclopedia of Chart Patterns\nby Thomas Bulkowski\n\nMost books identify the patterns but don't give you any hard and tried facts on how to trade them, but this one does. It probably contains the most "research" on patterns of any other book you'll find. \n\nBut the problem you're going to run into is that by the time most patterns are recognizable, the trade is almost gone. Trade the rules first, patterns second.\n\nJake Bernstein's earlier books are almost a Bible of Technical Analysis. Almost any book by Jake is good.\n\nNo actually, the Bible of Technical Analysis is:\nTech. Anal. Of Stock Trends, by Edwards & McGee\n\nTake a look at a different kind of grouping of patterns:\nMarket Analysis for the New Millennium, by Robert Prechter. Not only is Prechter a good trader with lots of experience, he's also a profound writer.
657657
1. read vociferously\n\n2. find a good teacher; save yourself a lot of money in losses and invest it in a proper education of trading
101274
research is the key. read bobbrinker.com as your start point.. he lists good books to read as well as a fine investment education section.
474389
Which is best, a painting by Monet, or one by Leonardo DaVinci?\n\nYou don't give much info on what you are trying to do. Will you use computers, do you chart by hand, will you use Technical Analysis or are you a Fundamental Investor? Long-term, short-term, Day Trading?\n\nThere is no one book that will get you started; no ten books. But you have to start somewhere. \n\nGood luck
372074
An answer would take volumes to provide, so let me suggest some literature: \n\nI would recommend William O'Neil's "The Successful Investor" as a good starting point. Follow that up with Peter Lynch's "Beating the Street". That should provide you with two strategies that you can learn from in building your own investment strategy.\n\nOther good books include "The Motley Fool Investment Guide" by Tom and Dave Gardner or "Real Money" by James Cramer.\n\nI have read all the books above and devised a strategy that adopts a bit from each one. \n\nAnother thing you can do is invest using a fictional portfolio. Let that run for a few months to see if you are ready to take on wall street. In the meantime, let a professional look after your money (ie, mutual funds). Once you are ready, sell the fund and invest on your own.\n\nRemember, the time spend learning about investing is far less then the money lost by not being prepared.\n\nGood luck.
167891
As a trader - do you want to know what the best books are: Have a look at the following list:\nhttp://www.mysharetrading.com/trading-bookshelf\n\nTrading for a Living by Dr. Elder is certainly one of the books that will truly influence your trading.\n\nGood Luck!
475684
As I understood your question you need a good book on pricing derivatives. \n\nTry this:\nHull , John - Options, Futures and Other Derivative Securities (5nd Ed.)\n\nSince direct links are not welcome here, you should open www.rapidshared.org -> choose e-books directory -> search for 'derivatives' -> get the direct link and spent couple of minutes reading the demanded chapters.
902397
Books  are  way  long  and  usually  out  of  date,  \nI  recommend  the  Yahoo  Finance education  101 (scroll down  on  the  left)\n\nhttp://finance.yahoo.com/education/begin_investing\n\nthen  the  Motley  Fool  has  some interesting takes  on  things  and  there  are  several  columnists  whose  columns  are  good\n\nhttp://finance.yahoo.com/columnist/allbios\n\nhttp://www.fool.com/index.htm?ref=topnav
98119
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