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10 Most Recommended Swing Trading Books for All Levels of Traders

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10 Most Recommended Swing Trading Books for All Levels of Traders as of 2022

Swing trading is the most popular way for individual traders and investors to make extra income in trading. This trading technique wherein a tradable asset is held for 1-5 days is the most convenient form of trading though it involves a higher level of risk when compared to scalping and day trading.

So, as one might expect, swing trading is not a skill you can pick up on the streets. Instead, you need to develop a successful trading strategy, know how long you want to keep your position, what are the best trading days to open and close positions, and what is the best tradable asset for you to use as a swing trader.

To help you get your hands on that one or two books needed to start swing trading, in this article, we recommend the best swing trading books as of 2022 and beyond.

First, What is Swing Trading?

Swing trading is a trading style in which traders try to hold and capture gains by holding positions for one to five days (although some say that a swing trade may last several weeks).

As a medium-term trading strategy, swing trading stands between day trading and position trading strategies. Typically, swing trading is a trading position that lasts more than one trading session but not longer than a week or two.

Ideally, swing traders try to capture a significant price movement using technical and fundamental analysis. For that matter, one essential tool in swing trading is proper risk management and, more importantly, a risk-reward ratio.

Swing Trading – Pros and Cons

Pros

  • It can be combined with another position as a part-time job – no need to be glued to the computer screen
  • If appropriately used, swing trading may produce higher returns than scalp and day trading
  • Usually, it is far more interesting than other strategies as it involves fundamental analysis and a good sense of reading the market
  • Your capital is not locked too long on one trading position – a swing trader can go in and out of a position very quickly

Cons

  • Traders are exposed to unexpected events that occur during overnight and weekend
  • There is a high margin requirement for swing traders than what is required for day traders
  • Some brokerage firms require an overnight interest rate for holding a position overnight

10 Top Swing Trading Books in 2022

The following 10 books are our picks for the books that should help any individual investor get the knowledge and tools to start swing trading.

1. How To Swing Trade

How To Swing Trade

Author: Andrew Aziz and Brian Pezim

How to Swing Trade by Andrew Aziz and Brian Pezim is arguably the most popular book about swing trading ever written.

This comprehensive book provides readers with pretty much everything needed to understand the swing trading approach and how to swing trade successfully. This beginner guide for swing traders covers the basic principles of swing trading strategy, risk management tools, different methods and techniques, and live examples that explain to the reader how to swing trade.

In short, this is clearly one of the best swing trading books for beginners who want to make their first step in the trading world and focus on swing trading.

Price: $18.95

Best for beginner traders who want to learn how to swing trade

2. Swing Trading for Beginners: 7 Golden Rules for Making a Full-Time Income

Swing Trading for Beginners

Author: Jeff McMillan

Another excellent swing trading book for beginners is… Swing Trading for Beginners. This book, written by Jeff McMillan, suggests seven rules that must be followed to succeed as a swing trader.

It also takes a deep dive into the most vital step new traders must take before starting trading. For example, it suggests the best brokerage accounts for swing traders, the initial amount required to open an account, the right entry level for a swing trading position, how to search for top traders to follow on social media platforms, and unique strategies and techniques for swing traders.

Note that the book also has an additional guide for cryptocurrency and forex trading.

Price: $13.99

Best to learn swing trading risk management tools

3. The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities

The Master Swing Trader

Author: Alan Farley

“The Master Swing Trader,” written by Alan Farley, is possibly the most recommended book for those who want to learn how to swing trade. This book is ideal for beginners but also for those who have some experience in the trading world. 

The book explains how to analyze the market by reading charts, using chart patterns, and understanding market sentiment. Farley also uses plenty of trading examples and trading techniques to show readers how to make profits from short-term trading opportunities.

In fact, within the 443 pages of the book, there are more than 200 charts that illustrate techniques and tips to use in swing trading.

Price: $16.29-$50.34

Best for intermediate and advanced experienced traders

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4. The Ultimate Guide to Swing Trading

The Ultimate Guide to Swing Trading

Author: Steve Burns and Holly Burns

Steve Burn has put together two other top-rated books on trading – the Ultimate Guide on Technical Analysis and the Ultimate Guide to Candlestick Chart Patterns.

Additionally, Burns is the author of seventeen books about trading and the stock market. And this book, the Ultimate Guide to Swing Trading, is another excellent book by Burns that covers all aspects of swing trading.

In the book, the author reveals some of his techniques and strategies, including setting the correct risk-reward ratio for swing trades, creating a trading plan, and knowing the psychology of swing trading. At just 124 pages, this is a detailed and comprehensive book for all trading levels.

Price: $15.99

Best for all traders who want to swing trade

5. Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves

Day Trading and Swing Trading the Currency Market

Author: Kathy Lien

If you plan to focus on FX currency trading, this book is for you. As the name suggests, this book covers two forms of trading – day trading and swing trading in the forex market.

Ideally, in my opinion, it is crucial to learn the difference between the two strategies and even combine them. Best of all, the author suggests several proven strategies to make profits in the forex market. 

Besides the basic information, Lien also gives readers clear instructions and illustrations to trade the markets, including simple in-depth explanations for different types of strategies. 

In a word, Kathy Lien’s book is one of the most popular trading books that cover all aspects of day and swing trading and provides readers with all the information needed to set up an account and understand market dynamics.

Price: $35.62

Best for a combination of day and swing trading

6. In Depth Guide to Price Action Trading: Powerful Swing Trading Strategy for Consistent Profits

In Depth Guide to Price Action Trading

Author: Laurentiu Damir

In-Depth Guide to Price Action Trading, written by Laurentiu Damir, is a highly simple-to-read and practical guide for swing traders.

Unlike many other trading books, in this book, the author suggests one swing trading strategy that traders need to keep in mind and follow. Rather than using complicated technical analysis tools and trading techniques, Damir argues that the most important rule in swing trading is maintaining a proper risk-reward ratio.

Besides that, the author emphasizes one more vital factor to consider when swing trade – using chart patterns and Fibonacci support and resistance levels to identify ideal entry and exit levels. In a nutshell, this book is short and precise, giving the fundamental rules and guidelines to use swing trading correctly.  

Price: $19.9

Best for intermediate and advanced traders

7. Swing Trading: Power Strategies to Cut Risk and Boost Profits

Power Strategies to Cut Risk and Boost Profits

Author: Jon D. Markman

This book, written by Jon D. Markman, shows readers how to approach swing trading like a business by using risk management tools and taking a responsible trading strategy.

The book essentially addresses the most crucial tool to use in swing trading – cutting risk and using proper risk management tools to hold positions for several days to weeks. Therefore, it is an ideal book for busy people who want extra income from swing trading and hold positions without being glued to the screen. 

Price: $13.29

Best for people who want to get an extra income from swing trading

8. Swing Trading as a Part Time Job

Swing Trading as a Part Time Job

Author: Brett Brown

Much like the previous book, Swing Trading as a Part Time Job is an excellent guide for those who have another position and want to get an additional income from swing trading.

This book gives you a set of rules and valuable information for swing trading, including risk management tools, chart patterns, reading economic news, and knowing how to interpret technical analysis indicators.

Best of all, the author has a simple way of explaining all the topics. Brown simplifies all the trading jargon, making it easy for non-professional traders to understand how to analyze the markets and open positions for several days.

Price: $14.97

Best for beginners who want to integrate trading as a part-time job

9. ​​Swing Trading With Technical Analysis

Swing Trading With Technical Analysis

Author: Ravi Patel

Although many swing traders rely heavily on fundamental analysis and economic news, some take positions solely based on technical analysis signals.

If this is the case for you, then this book is for you as it will teach you the basics of technical analysis and how to search for the right indicators for swing trading.

Patel, who focuses in this book on the Indian stock market, shows his readers how to use support and resistance levels, moving averages, and chart patterns. Moreover, you will also learn how to use risk management tools in swing trading. 

Price: $27.92

Best for tips and techniques about swing trading technical analysis

10. Best Swing Trading Indicators Guide: A Complete Guide on Technical Indicators for Swing Trading

Best Swing Trading Indicators Guide

Author: Franklin Foster

Finally, another practical guide about swing trading is Best Trading Indicators for Swing Trading by Franklin Foster. This book simplifies swing trading by presenting straightforward entry and exit levels using technical indicators.

Inside the book, you will get the basic principles of swing trading, different swing trading strategies and styles, essential indicators to follow, and how to manage risk in swing trading. It is worth noting that the author focuses on the forex market, though the suggested rules and strategies can be used in other markets.

Price: $9.99

Best to learn swing trading technical analysis

Final Thoughts

In summary, swing trading is not an easy trading technique to master. As a matter of fact, some believe that swing trading is a risky trading strategy that can lead to quick losses. The reason is that it is somewhere between scalping/day trading and position strategy that involves a relatively low level of risk.

Nonetheless, swing trading is the ideal strategy for many people as it can be easily integrated into the lives of any person. So, if you are interested in learning this trading technique, we suggest you start by reading one of our recommended books above. After you do that, make sure you check our free trading courses, chart patterns guides, and join our trading room.

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