Did you know that nearly 90% of new traders lose money in their first year? It’s not because trading is impossible it’s because they dive in without learning the basics. Many beginners lose anywhere between ₹50,000 to ₹1,00,000 simply because they don’t have the right knowledge.
But here’s the good news: Trading isn’t about luck it’s a skill. And like any skill, you can master it with the right resources. If you want to learn how to read charts, spot trends, and make smarter trades, you need to start with price action trading books.
In this guide, we’ll cover the 7 best price action trading books that will help you build a solid foundation and avoid costly mistakes. Whether you’re just starting out or looking to refine your strategies, these books are packed with insights to take your trading to the next level!
What Is Price Action Trading?
Price action trading is a strategy that focuses purely on an asset’s price movements no complicated indicators or algorithms involved. Instead of relying on moving averages or oscillators, price action traders study candlestick patterns, trends, and key levels like support and resistance.
This approach allows traders to read market sentiment and predict movements based on how prices react at significant levels. If you want to trade with a clean chart and a sharp eye, price action is the way to go.
Why Read Price Action Trading Books?
You might be wondering—why read books when there are tons of free videos and articles online?
Here’s why books are a game-changer:
- Structured Learning: Unlike scattered online content, books provide a step-by-step guide to understanding price action strategies.
- Expert Insights: Books are written by experienced traders who have tested these strategies in live markets.
- In-Depth Knowledge: You get detailed explanations, real-world examples, and actionable strategies you won’t find in short articles.
Reading the right books will help you avoid beginner mistakes, refine your skills, and develop a profitable trading strategy.
7 Best Price Action Trading Books for 2025
1. Price Action Breakdown – Laurentiu Damir
Best for: Beginners to Intermediate Traders
This book simplifies price action trading, breaking down complex concepts into easy-to-understand strategies. Damir covers everything from trend reversals to support and resistance levels, making it perfect for those new to technical analysis.
Why Read It?
- Clear, actionable strategies without unnecessary jargon
- Step-by-step guidance on entry and exit points
- Real-world examples to help you apply concepts in live markets
Memorable Quote: “Learn to trade the chart, not your emotions.”
2. A Complete Guide to Volume Price Analysis – Anna Coulling
Best for: Intermediate Traders
If you want to understand how price moves in relation to volume, this book is a must-read. Anna Coulling explains how volume confirms price movements, helping traders spot false breakouts, reversals, and trend strength.
Why Read It?
- Explains the connection between volume and price movements
- Helps traders identify strong and weak trends
- Works for stocks, forex, and commodities
Memorable Quote: “Volume validates the truth behind price movement.”
3. Forex Price Action Scalping – Bob Volman
Best for: Advanced Traders
For traders who love fast-paced action, Bob Volman’s book is an excellent guide to short-term scalping using price action. It teaches how to execute precise trades in volatile markets without relying on lagging indicators.
Why Read It?
- Covers scalping strategies in detail
- Real-world case studies to improve trade execution
- Focuses on discipline and precision in trading
Memorable Quote: “Patience is key, even when scalping.”
4. Trend Qualification and Trading – L. A. Little
Best for: Intermediate Traders
This book helps traders differentiate between real trends and market noise. L. A. Little introduces a systematic approach to evaluating price and volume data to qualify trends and avoid false signals.
Why Read It?
- Teaches how to recognize meaningful trends
- Helps refine risk management strategies
- Covers techniques for maximizing trade efficiency
Memorable Quote: “Every trend tells a story—qualifying it makes all the difference.”
5. Price Action Trading: Technical Analysis Simplified! – Sunil Gurjar
Best for: Beginner Traders (Especially in India)
This book simplifies price action trading for Indian traders. Sunil Gurjar focuses on price action strategies tailored to NSE and BSE markets, making it perfect for those trading Indian stocks.
Why Read It?
- Easy-to-understand explanations
- Practical examples from Indian markets
- Covers key entry and exit strategies
Memorable Quote: “Simple analysis leads to powerful trades.”
6. Trading Price Action Series – Al Brooks
Best for: Advanced Traders
Al Brooks’ series is a deep dive into price action trading, covering everything from trends and reversals to breakout setups. It’s one of the most detailed books on price action available.
Why Read It?
- Comprehensive coverage of price action concepts
- Advanced strategies for professional traders
- Helps improve confidence in reading price charts
Memorable Quote: “Price action is the purest form of market truth.”
Also read: 10 Best Stock Market Institutes in India 2025: Find the Perfect One for You!
7. Japanese Candlestick Charting Techniques – Steve Nison
Best for: All Levels (Available in Hindi)
Steve Nison introduced candlestick patterns to the Western world, and this book remains one of the best resources on the subject. It covers essential candlestick formations that are fundamental to price action trading.
Why Read It?
- Great for beginners and experienced traders alike
- Provides historical background and trading applications
- Now available in Hindi for Indian traders
Memorable Quote: “Candlestick patterns reveal market psychology like no other tool.”
How to Apply Price Action Strategies After Reading These Books
Reading is just the first step. Here’s how to put your knowledge into action:
- Practice on Historical Charts: Study past market movements and identify price action patterns.
- Use a Demo Account: Test your strategies without risking real money.
- Keep a Trading Journal: Record your trades, note mistakes, and refine your approach.
- Combine Patterns with Market Context: Use price action along with volume and news to avoid false signals.
- Join Trading Communities: Discuss strategies with other traders and stay updated.
Mastering price action trading can give you a huge edge in the markets. Whether you’re just starting out or looking to refine your skills, these books will help you decode market movements, spot high-probability trades, and manage risks effectively.
So, which book will you start with? Pick one, dive in, and take the first step toward becoming a confident and profitable trader!
Which is the best price action trading book for beginners?
- Price Action Breakdown by Laurentiu Damir is a great starting point for beginners.
Can I learn price action trading from books?
- Absolutely! Books provide structured, in-depth learning that videos and articles often lack.
What is the best way to master price action trading?
- Read books, analyze charts, practice in a demo account, and keep a trading journal.
Disclaimer: This article is for educational purposes only. Trading involves risks, and past performance is not indicative of future results.
