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One of the best ways to understand how the markets work is to read some of the many finance and trading based books on the market. Clients ask us frequently what books we would suggest for further reading and education. While there are many good resources out there, we tend to focus on those which underscore our focus on technical analysis. Tuttle Asset Management, LLC therefore recommends the following books, many of which have been important in shaping our ideals about trading the financial markets.

Active Value Investing: Making Money in Range-Bound Markets -- Vitaliy Katsenelson

A strategy to profit when markets are range bound–which is half of the time. One of the most significant challenges facing today’s active investor is how to make money during the times when markets are going nowhere. Bookshelves are groaning under the weight of titles written on investment strategy in bull markets, but there is little guidance on how to invest in range bound markets. In this book, author and respected investment portfolio manager Vitaliy Katsenelson makes a convincing case for range-bound market conditions and offers readers a practical strategy for proactive investing that improves profits. This guide provides investors with the know-how to modify the traditional, fundamentally driven strategies that they have become so accustomed to using in bull markets, so that they can work in range bound markets. It offers new approaches to margin of safety and presents terrific insights into buy and sell disciplines, international investing, "Quality, Valuation, and Growth" framework, and much more.

Master Traders -- Fari Hamzei

"Fari has assembled a unique series of insights from expert market practitioners. Trading is a skills-based strategy; the robust diagnostics examined in the book thoughtfully clarifies these required disciplines." --Gil Caffray Co-Founder & Managing Partner, FrontPoint Partners, LLC, and former Head Trader and Senior Managing Director, Tiger Management Corp.

Master Traders provides access to top traders and their unique approaches to analyzing the markets and managing risk. The contributors–including leading hedge fund managers, technical analysts, and top traders–discuss the new and provocative methods they use to tame today’s highly volatile and unpredictable markets. Approaches examined encompass advanced technical analysis, fundamental analysis, sentiment, and market structure. This groundbreaking work offers traders and investors strategies to help them gain an advantage in the world of stocks, options, and futures.

Fooled By Randomness -- Nassim Nicholas Taleb

In this look at financial luck, hedge fund manager Taleb (Dynamic Hedging) addresses the apparently irrational movement of money markets around the world. Using his own investing experience and examples of others' successes and disappointments, he discusses theories like Monte Carlo math (easy; considered cheating by purists) and the concept of Russian roulette. Taleb tells interesting, well-wrought stories about individual behavior.

Hot Commodities -- Jim Rogers

According to Jim Rogers, "commodities get no respect." Here are a few reasons why he thinks they should: they are easier to comprehend and study than stocks and behave more rationally since they are subject to the basic laws of supply and demand; they have outperformed many other investment options in recent years; it is foolish to ignore an entire sector of the marketplace; and a bull market is currently under way in commodities--a trend that Rogers expects to last for a least a decade longer. Further, Rogers believes that you cannot be a successful investor in stocks, bonds, or currencies without an understanding of commodities. Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market is designed to introduce the novice to the basics of investing in commodities as well as explain what they are and why they are important. In doing so, he shatters some myths about the relative risks of commodities, explains the relationship between the stock and commodities markets, and provides a succinct analysis and history of the global oil, gold, lead, sugar, and coffee markets.

Martin Pring on Market Momentum -- Martin Pring

"Understanding market momentum is one of the most basic secrets to successful trading, and one concept that I would recommend every novice trader to master. Martin Pring explains in a clear and straightforward fashion not only momentum but a host of popular indicators; in addition, the reader will gain insight from the way that the veteran analyst and money manager applies those techniques."

When Genius Fails -- Roger Lowenstein

Lowenstein, a financial journalist and author of Buffett: The Making of an American Capitalist, examines the personalities, academic experts, and professional relationships at LTCM and uncovers the layers of numbers behind its roller-coaster ride with the precision of a skilled surgeon. The fund's enigmatic founder, John Meriwether, spent almost 20 years at Salomon Brothers, where he formed its renowned Arbitrage Group by hiring academia's top financial economists. Though Meriwether left Salomon under a cloud of the SEC's wrath, he leapt into his next venture with ease and enticed most of his former Salomon hires--and eventually even David Mullins, the former vice chairman of the U.S. Federal Reserve--to join him in starting a hedge fund that would beat all hedge funds.

Against the Gods, The remarkable story of Risk -- Peter L. Bernstein

With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.

Secrets for profiting in Bull and Bear Markets -- Stan Weinstein

Stan Weinstein's Secrets For Profiting in Bull and Bear Markets reveals his successful methods for timing investments to produce consistently profitable results.

Topics include:
Stan Weinstein's personal philosophy on investing
The ideal time to buy
Refining the buying process
Knowing when to sell
Selling Short
Using the best long-term indicators to spot Bull and Bear markets

Martin Pring's Introduction to Technical Analysis -- Martin Pring

Martin Pring's Introduction to Technical Anaylsis: A CD-ROM Seminar and Workbook, produced by leading technical analyst and author Martin Pring, explains and demonstrates tools used by the world's foremost technical analysts to evaluate emerging trends. This technically state-of-the-art package then goes further, to provide specific steps you can take to turn these analyses into profit-producing trades. Using the effective CD-ROM/workbook format, you'll learn how to: Research and construct instantly valuable charts of stock and market activity; Interpret the basic concepts of momentum, and apply the theory to actual trades through a common sense set of trading strategies; Use price and volume pattern to identify breakouts; Analyze and act on peaks and troughs that can signal a change in the prevailing trend; Calculate moving averages and gauge their impact. Pricing also includes savvy advice on when to buy, when to take profits, and how to identify and handle false breakouts.

Technical Analysis of Stock Trends -- Edwards & McGee

Technical Analysis of Stock Trends, 8th Edition, is a critical reference for investors--especially in today's tumultuous markets. This seminal book--the first to produce a methodology for interpreting and profiting from the predictable behavior of investors and markets--revolutionized technical investment approaches and continues to show traders and investors how to make money regardless of what the market is doing. Nowthis completely updated and revised edition confirms the wisdom of the original work for today's markets. Technical traders and chartists will turn to it for:

* Information on utilizing electronic markets, the Internet, wireless communications, and new exchanges, plus current ideas on portfolio management and risk management
* Chapters on futures and derivatives charting and trading
* Expanded treatment of "runaway" markets--to help put the recent Internet stock craze in perspective

Technical Analysis Explained -- Martin Pring

Technical Analysis Explained, 4th Edition, is today's best resource for making smarter, more informed investment decisions. This straight-talking guidebook details how individual investors can forecast price movements with the same accuracy as Wall Street's most highly paid professionals, and provides all the information you will need to both understand and implement the time-honored, profit-driven tools of technical analysis.

Technical Analysis of the Financial Markets -- John J. Murphy

This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.

Gold Trading Boot Camp -- Gregory T. Weldon

New strategies for investing in gold, an ideal investment in today's volatile world climate Unstable and uncertain global economies have occasionally made gold an exceptional investment alternative. Today, with the worldwide availability of cheap money increasing the likelihood of global recession, investors are on the threshold of experiencing just such a period. Gold explores how the investment environment for gold will play out over the next few years and discusses how investors of every size can take advantage of the opportunities that will present themselves. Exploring a myriad of new techniques to invest in gold, from coins and bars to i-shares, index options, and more, Gold provides a sound overview of today's transformed precious metals arena and will help investors carefully evaluate all relevant factors before deciding whether or not the time is right for them to invest in gold.