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#198: 4 Essential Algo Trading Books for Beginners

Have you ever noticed that a lot of the most successful traders are avid readers?

Books are a great source of ideas and knowledge, but out of the hundreds of trading books available, which ones are even worth reading?

If I was starting algo trading right now, these are the 4 books I would pick, in no specific order. “Long-Term Secrets to Short-Term Trading” – Larry Williams

  • My favorite trading book of all time

  • 30-years old, but timeless

  • Concepts still work…with slight modifications

  • Easy to understand and implement

  • Wisdom from a trader of superior achievements


Get the book on Amazon:

“Building Winning Algorithmic Trading Systems” – Kevin Davey

  • Highly practical

  • From a trader with a proven track-record

  • Easy to understand and implement

  • Some practical aspects addressed that I haven’t seen in other books


Get the book on Amazon:

“The Evaluation and Optimization of Trading Strategies” – Robert Pardo

  • From a veteran trader with a proven track

  • A must-have introduction to robustness

  • Gave me most of the foundation to understand efficient robustness testing and to start building my own procedures

  • MY FAVORITE PART: The entire book.

Get the book on Amazon:

“The Breakout Trading Revolution” – Tomas Nesnidal

  • Proven breakout trading formula, which works on almost any market

  • Highly practical, easy to implement

  • Loaded with success stories and real, proven breakout trading results…see what is possible!

Get the book direct: Watch the replay of the algo trading book review.

Tomas and the Systems On The Road team


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What others are saying

"Tomas is one of the most creative traders I know. He is able to generate unique trading ideas and elegant solutions to system development challenges."

Andrew Swanscott,

"Tomas has been a professional trader for more than a decade and I have had the privilege of monitoring his accounts in action since 2006. His systems are performing as some of the best I have ever monitored and executed. I have been in the trading industry since 2002 and worked with many developers from all over the world. Tomas is definitely the one to consider."

Martin Lembak,

Systems Trading Expert,


"Tomas is a professional trader, who for the last 10 years has specialized in developing trading systems. We have been tracking his trading systems for about 5 years and they generally show very robust, stable and above average performance. Striker is pleased to work with someone like him - a real professional with enthusiasm and deep knowledge of trading."

William Galwas, President Of Striker Securities, Inc 

"Personal consultation with Tom helped me to re-evaluate the complexity of my robustness testing and optimization processes. Plus, it has helped me with a specific plan on how to take things forward. It has given me some great ideas on how to avoid overfitting and make my testing more robust and provided tips on low hanging fruit in terms of the best markets to trade for intraday/short-term breakouts."

Craig Peters,

semi-advanced trader,

United Kingdom 

"Tom's approach to Automated Trading Strategies design, tests of robustness and portfolio diversification is really unique. He has been a professional trader for many years and the depth of his understanding of Breakout strategies and Market Internals is hard to find elsewhere."

Antonin Fisher,

Hedge Fund Manager,

Czech Republic 

"Tom´s systems and trading approach do really work and can bring good, stable and reasonable returns. I can highly recommend him as a teacher."

David Hruby,

Trader, Czech Republic 

Author: Tom Nesnidal (more about me
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