“An investment in knowledge pays the best interest.” — Benjamin Franklin.
As investors, we are constantly trying to learn more about building wealth. It’s why one of the most common phrases you will hear from a Max Options Trading admin is, “education first, profit second.” One of the best ways to further your financial literacy and investment education is to read a book. Can’t read? Visit our YouTube channel and listen. Can’t read or hear? You have taller mountains to climb than this. The following is a list of books suggested by our admin team and some of our members. Remember, if you want to succeed, you have to read.
There is a good reason why this book has sold over 32 million copies in more than 51 languages across more than 109 countries and has been on the New York Times bestsellers list for more than six years. It’s a book about financial literacy, independence, and building wealth by investing in assets, real estate, and owning businesses. Rich Dad Poor Dad is the book Max credits for changing his mindset and helping him become a millionaire.
“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
― Robert T. Kiyosaki, Rich Dad, Poor Dad
Marks was named “Wall Street’s Favorite Guru” by Barron’s (March 2013). The guy knows about investing. In his book, he provides insight on how to understand, track, and react to the ups and downs of market cycles. Our admin, Sean, and Warren Buffett have both been quoted praising Howard Marks, so you know the guy is the real deal.
“What the wise man does in the beginning, the fool does in the end.”
― Howard Marks, Mastering The Market Cycle
This book is heralded as one of the most powerful trading systems in history. Munehisa Homma is considered one of the most successful traders of all time and was known as the God of markets in his days. His strategy made him more than $10 billion in today’s dollar.
Member Pick: Options Volatility Trading by Adam Warner
This book deconstructs some common misunderstandings about volatility trading and shows you how to successfully manage an options trading account and investment portfolio with expertise. Everything you want to know about volatility can be found in the book.
Member Pick: Think and Grow Rich by Napoleon Hill
Another wildly successful book that makes our list is Think and Grow Rich. It has sold over 15 million copies and ranked as BusinessWeek magazine’s sixth best-selling paperback business book. This book is about increasing income.
“You are the master of your destiny. You can influence, direct and control your own environment. You can make your life what you want it to be.”
― Napoleon Hill, Think and Grow Rich
Member Pick: Trading For A Living by Dr. Alexnader Elder
In this book, Dr. Elder’s successful trading methodology that focuses on three M’s: Mind, Method, and Money is discussed at length. Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts.
“Being simply “better than average” is not good enough. You have to be head and shoulders above the crowd to win a minus-sum game.”
― Alexander Elder, Trading for a Living