A perfect style for Trading, Price Action is the best way of identifying the upcoming market moves (as we also analyze the market prediction with the help of Price Action) and capturing the best trade possible.

But traders nowadays are just looking for a strategy that works for them, and indeed learning the things that really work, they tend to seek strategies from others that simply work and make them profitable in trading, and my dear, there are no such things in trading, so you have to learn on your own.

And, once again – the best way of learning things is through books, as books provide the most detailed and definite form of knowledge packed with real-life lessons, that you can’t find elsewhere and which you can absorb within yourself.

Till Now, I have covered a lot of books like Best Trading Books, Best Intraday Trading Books, Best Options Trading Books, Best Books on the Indian Stock Market, and Best Business Books, yet missing the most important technical analysis topic, Price Action.

So now, I have dug out some of the best Price Action Trading Books that you need to read once.

Here is a list of the Best Price Action Trading Books.

1. Price Action Trading Secrets – by Rayner Teo
2. Price Action Trading – by Indrazith Shantharaj
3. Price Action Trading – by Sunil Gurjar
4. Trading Price Action Reversals – by Al Brooks
5. How to Make Money With Breakout Trading – by Indrazith Shantharaj

Now,

Let’s dive right in,

01. Price Action Trading Secrets – by Rayner Teo

As you know, Price Action is a totally different concept, where you need to identify the pattern forming on the chart, and based on that pattern – you will plan your trade without using any Indicators or relying on fundamentals or news, this is what this book is all about.

This book helps you discover proven trading strategies, tools, and techniques to help you beat the markets and become a consistently profitable trader.

By reading this book, you will learn so many things that will put you above those 95% of losing traders, and here are some of the things that you will learn –

• How to become a consistently profitable trader without relying on fundamentals, news, indicators, or signals.
• You will learn the ten natural laws of trading that nobody tells you (this is why 95% of traders lose consistently)
• There are four types of market structures every professional trader must know. Once you discover it, you’ll know exactly what “tricks” the market is up to—and how you can exploit it to your advantage.
• How to know when Support & Resistance is about to break—so you don’t get trapped on the wrong side of the move (which means you’ll reduce the risk of losses and retain more profits)
• The secret to reading candlestick patterns that nobody tells you—so you can better time your entries & exits—and even “predict” market turning points
• MAEE Formula: A simple trading strategy to profit in bull & bear markets—without indicators
• An important signal the market gives out when it’s about to make a big move (95% of traders don’t know this)
• 70+ charts and examples so you can easily understand the trading strategies and concepts (and quickly become a master price action trader)
• And much more…

It doesn’t matter how well you know price action or candlestick chart, this book will guide you through every step of learning Price Action trading, first, you will learn the basics, and then you move to advanced price action trading techniques.

The best part of reading price action is that you can apply price action across different markets, either is equity, gold, Crypto, forex, or any other.

02. Price Action Trading – by Indrazith Shantharaj

A simple-to-understand book by Indrazith Shantharaj, where the author portrays the benefits and importance of Price Action in Trading because every Indicator uses price to form and indicate, so why not understand the Price instead of learning indicators?

This book gives you a glimpse of price action trading like, what it is, how it is beneficial to learn, how you can trade using price action, how to identify the chart patterns, and so many things covering the Price Action.

In simple words, this book will teach you – How to use Price and Volume to make any trading decisions.

After reading this book you will be able to identify the chart patterns on your own as this book is written in a very easy-to-understand and simple language that a beginner will understand easily.

As there are millions of candlestick patterns, and seriously studying them all is not possible. This book only focuses on what appears most frequently so you can better apply what you have mastered.

And, most importantly, this book will not only teach you price action trading but also teach you how to approach the market along with what impacts the most and what is just for traps.

03. Price Action Trading – by Sunil Gurjar

As the name suggests, the Price Action Trading book is all about Price Action Trading where the founder of this book Sunil Gurjar, and also the founder of Chartmojo will teach you how you can trade using Price Action and time your Entry and Exits in a mannered way.

By the way, price action is a kind of trading technique where a Trader uses prices or charts along with volumes and finds the different formations on the chart to evaluate the current market situation and make trading decisions.

This book will guide you through the basics of Price Action Trading where you can learn various things along with Technical Analysis tools like Support and Resistance, Moving Averages, Candlestick Patterns, Chart Patterns, Price Action and so with some real-life examples using Charts, which you can use in Intraday Trading and also in other trading style like Swing and Positional Trading.

I personally loved this book, because the Author of this book uses very simple and easy-to-understand language – no fancy words – just pure learning material, so a newbie can understand the concepts easily.

For your info – This book not only teaches us, Price Action – but also teaches us, the most important and key fundamentals of Trading which is Risk Management – like, Position Sizing, Placing Stop Loss and Trailing it, Maintaining a Trading Journal, Emotion Control, how to evaluate a trade based on Profit and Loss ratio, and so many others.

If you are new to Trading, then this book will also help you learn various Candlestick Patterns including Bullish and Bearish Candlestick Patterns like Hanging Man, Shooting Star, Piercing Line, Hammer, and others, along with different Chart Patterns like Head and Shoulder, Triangle Patterns, Double Top & Bottom, Chanel, Wedge, Cup & Handle, Flag Pattern, and so many others.

04. Trading Price Action Reversals – by Al Brooks

This book, Trading Price Action Reversals is a classic example of discipline trading, where The author of the book focuses on “Finding a Trading System and sticking with it, enhance your chances of making profits in the market, and becoming a successful trader.

The book is a detailed guide about how to make profits from Trend Reversals by using simple technical Analysis of Price Action Trading. In this book Author Al Brooks simplifies his trading system that he implemented to make profits regardless of any market conditions, news, data, or any other economic changes by sticking to his trading system and only trading 5-minute charts.

The author also explains that trading Price Action Reversals only reveals various types of reversal that can be found in today’s market and discusses the specific characteristics of these Reversals, so that you can use and implement them in your trading. He also explains how to use price action in various trading techniques. 

This book offers insights on how to handle volatility and sharp reversals using options when trading certain charts. He also focuses on how to deal with the emotions and psychology that come along with trading.

If you’re looking to make the most out of today’s market trends, the trading insights found in this Trading Price Action Reversals book will help you achieve your goal.

05. How to Make Money With Breakout Trading – by Indrazith Shantharaj

This book is totally about Breakouts, that happen in the market when the chart breaks certain patterns, how you trade those breakouts before they appear, How you pre-identify any breakout before happening, and how to captivate that breakout for your profits.

[ The Author says “Do you know every trader (either it intraday, swing, positional, or scalper) should know how to differentiate a genuine breakout and a false breakout?”

Do you know why?

Because every ‘Entry’ and ‘Exit’ in any trade should come through a breakout or false breakout opportunity! ]

And this is all the Author wants to explain in his book, How to make money with Breakout Trading.

Like, First you have to identify who is behind this breakout, then Identify the real breakouts, by drawing proper lines, identifying the slope of the trendline, price peaks, and so on.

Then he explains what are the qualities of a real breakout like, A big Breakout candle that is quick without any difficulties like buying or selling, and with volume.

Along with these concepts, this book also draws your attention to exiting the trades and trailing the stop loss.

If you want to learn real breakout trading and make instant money, then you need to read this book.

FAQs about Best Price Action Trading Books