Top 3 Books on Trading Psychology

Trading psychology is a topic that is often overlooked. It's important to be aware of your own mental state and how it can affect your trading.

This article will be focusing on the top three books on trading psychology. The first book that I would like to talk about is Trading in the Zone by Mark Douglas. The author discusses how traders can get into a state of flow, or what he calls “the zone”, where they are able to make better decisions and execute them more efficiently. He also talks about how it is important for traders to maintain an inner balance so that they can keep themselves from becoming too excited or too depressed when their trades go well or poorly.

Second Book is The Disciplined Trader by Mark Douglas again, helps you join the elite few who have learned how to control their trading behaviour (the few traders who consistently take the greatest percentage of profits out of the market) by developing a systematic, step-by-step approach for winning week after week, month after month.

The third book is The Psychology of Trading, by Dr. Steenbarger where he draws upon real-life case studies and offers hands-on techniques for emotional change to assist traders in becoming their own therapists. Themes that set The Psychology of Trading apart include: "Trading from the couch" by utilizing emotions as valuable market data.