Speculation classics you can legally download, materials from our partner brokers, guides written by us, and an annotated list of recommended titles. Trading, investing, economics, psychology and the Moldovan market — everything we teach has a shelf here.
With a free account in the Trading.md Cabinet, the library always stays open: the materials you download are kept in your account, you pick up reading where you left off, and you never fill out a form again. Materials marked "Free" can be downloaded without an account too.
Books, guides, templates and audio
Anghel Darajnov, Vassil Banov, Miroslav Kozarov · Admirals · 153 pages · Romanian
The book our students start with: the currency market explained from zero, the types of analysis, money management and the first steps in the MetaTrader platform. In Romanian, free, with no strings attached. If you open only one book on this page, make it this one.
Filter by source, theme, format and language, or search directly by title or author. The list below shrinks in place, without loading another page.
The page has dozens of materials, in three languages. When you see so many at once, it's hard to tell which one to start with and what comes next.
Below are three paths, depending on what you want to do. Each step builds on the one before and points to the right material, whichever section of the page it sits in.
Five steps, in Romanian: from the first notion and the first demo account to your own written trading plan.
For anyone who wants to put their money to work over years, not days.
The part that decides the outcome: what you do when the plan collides with emotion.
The brokers we work with publish their own books and guides for their clients. You'll find them here for free, in Romanian and in Russian — materials written by regulated companies, for people trading with real money.
Anghel Darajnov, Vassil Banov, Miroslav Kozarov · Admirals
FreeThe basics of the currency market, the types of analysis, money management and working in MetaTrader 4, across 153 pages. The first book we give to beginner students.
Anghel Darajnov, Vassil Banov, Miroslav Kozarov · Admirals
FreeThe same book, in Russian. For Russian-speaking readers in Moldova who want foundational material in the language they think in.
Admirals Edition
FreeWho participates in the currency market, how the price forms, and what role banks, funds and retail traders play. The reading to do before the big book.
Admirals Edition
FreeHow much you risk per trade, where you place the stop, and why the account gets protected before it gets grown. The subject beginners skip and mentors keep repeating.
Tickmill Edition
FreeThe highest-volume pairs, the hours when they move most and what actually drives that movement. An orientation guide for anyone starting out with the currency market.
Tickmill Edition
FreeHow a position gets sized, where the stop is placed, and why protecting the account comes before profit. A more detailed treatment than the basic guides.
Tickmill Edition
FreeRetracement and extension levels, how to draw them correctly on the chart, and where beginners most often go wrong using them.
Tickmill Edition
FreeSpread, commission, swap, slippage: what a trade's cost is actually made of, and what it costs you per year, not per trade.
Swissquote Bank Edition
FreeAn introduction to the currency market from a Swiss bank: what the Forex market is, who participates, and how to read a quote. Seven pages, no wasted words.
Swissquote Bank Edition
FreeJapanese candlesticks: how to read each shape and what it says about the balance between buyers and sellers. Thirteen pages, with references to Alexander Elder and chart examples.
Swissquote Bank Edition
FreeWhat a call or put currency option is, how to read the profit-and-loss chart of each, and where the premium you pay comes from. Explained with EUR/USD and USD/JPY examples, with the warning that selling an uncovered option carries unlimited risk. Nine pages.
Materials written by us, for our courses and consultations. You can use them even if you're not our client.
The guides below download freely, without an account. At the end you'll also find the working tools — the files you fill in yourself — with a link to each one's page. Downloaded materials stay in the Cabinet, so you always work on the latest version. The account is free and takes seconds to create.
Guides written by our team, to download and keep close at hand. Each one carries its version and its update date on the cover, and when a new edition comes out, you'll see it in your Cabinet — you never get stuck with outdated information.
Trading.md
FreeThe chart patterns that repeat on any market — triangles, channels, head and shoulders, double top — condensed into a few-page sheets to keep next to the platform while you practice.
Trading.md
FreeThe mistakes we see in consultations, year after year, at the same points. A twenty-minute read that shows you what to avoid from the start.
Trading.md
FreeHow to declare and calculate tax on stock-market gains in the Republic of Moldova, with the CET18 form explained step by step and the filing deadlines.
Trading.md
Free356 terms in 19 chapters: stocks, bonds, funds, the currency market, commodities, derivatives, crypto, macroeconomics and taxation in Moldova. Keep it open next to whatever you read: when a new term comes up, you'll find it here.
Written by the Trading.md team
Coming soonWe keep writing, on the topics our students ask about most. Leave your contact and we'll write to you once, when a new guide appears in the library.
These aren't evening reading — every step is carried out inside the trading platform, with the guide open alongside. You can download them freely, but you need a practice account, otherwise they stay theory on paper.
The demo account is free, runs on virtual money, and requires no deposit. If you get stuck on installation or settings, we'll lend a hand: our technical support connects to your computer, with your consent, and works it out together with you.
Trading.md
FreeInstalling the platform, connecting to the server, chart templates, saving your workspace, and the wrong settings that ruin the first days of practice.
Trading.md
FreeHow to backtest a rule against historical data and, more importantly, which conclusions you're not allowed to draw from a test that looks too good.
Trading.md is not a broker. We are partners with every broker on our list, and we receive a remuneration under the partnership agreement, for the services we provide: information, onboarding and support. You pay nothing extra beyond the broker's own fees, and we receive nothing from your deposits.
We don't have a preferred partner and we don't recommend one specific company. You compare the terms on our broker list and choose for yourself.
From here we only point you to demo accounts, which run on virtual money and require no deposit. The materials above are educational and are never conditional on opening a real-money account.
Between 74% and 89% of retail investor accounts lose money when trading CFDs with leverage. Leverage magnifies both gains and losses. Make sure you understand how these products work and whether you can afford the risk.
Five Excel and Word files you fill in yourself. They aren't reading material — they're the instruments you work with: where you write your rules before the first position, where you calculate how much you risk, where you keep track of decisions and the reasons behind them. The traders and investors who last in the market have all of them, in one form or another. The difference between someone who knows their results and someone who only thinks they do starts here.
Trading.md
Trading.md accountWith a Cabinet account you have all the materials in one place, you get a signal when one you've downloaded has a new version, and you never fill out a form again to download.
Ten books that shaped generations of traders and investors and have passed out of copyright. Download them for free, in the original English edition, in files we prepared ourselves: each has a preface in Romanian telling you what's inside, when it's worth reading and what in it has aged.
If English isn't easy for you, use the recommendations list below — there we've flagged the books that have Romanian translations available in bookstores.
William Peter Hamilton · 1922 · 236 pages
Dow Theory, set out in full for the first time by the Wall Street Journal's editor of the day. This is where primary and secondary trends, confirmation between the averages and "the line" come from — the very notions we teach in technical analysis.
Richard D. Wyckoff · 1910 · 118 pages
The source of what is sold today as Smart Money: who is buying and who is selling right now, what volume says, and what happens when a move has no volume behind it. Chapter four, on stop orders, is the closest thing to risk management.
Edwin Lefèvre · 1923 · 312 pages
The life of Jesse Livermore, told in the first person under the name Larry Livingston. It gives no trading rules; it shows what a position moving against you feels like, and how someone who made a fortune loses it just as many times.
G. C. Selden · 1912 · 62 pages
Eight chapters on the errors the mind makes on its own: mistaking the present for the future, your own situation for the market's, your own impatience for a signal. Read in one evening.
Henry Howard Harper · 1926 · 69 pages
Short pieces on what the market does to people: the pull of the ticker tape, the effect of sudden gains and losses, the trader who promises to stop as soon as he gets back to even. Written three years before the crash.
Henry Howard Harper · 1930 · 17 pages
The author returns to his own book after the collapse. He notes that everyone looked for someone else to blame, and that the market was already rebuilding on the same foundations. Read it right after the volume above.
Charles Mackay · 1841 · 285 pages
The first volume, the one with the financial manias: the Mississippi Scheme, the South Sea Bubble and Tulipomania, plus the list of the 86 companies wound up after the bubble. The book everyone comes back to with every new bubble.
Henry Clews · 1908 · 1072 pages
The memoirs of a banker who lived through the panics of 1837, 1857, 1873 and 1893 and the crisis of 1907, and tells them all, with the causes of each. A big volume: of ninety chapters, four are about trading, the rest is American history. The preface tells you which ones.
Gustave Le Bon · 1895 · 175 pages
What happens to a person's mind when they join a group: they become more impulsive, more credulous and more sure of themselves. Replace "crowd" with "market" and you have the description of a euphoria, from the first signs to the end.
Benjamin Franklin · 1758 · 12 pages
An old man gives a speech about work, thrift and debt at a public auction. People agree with him wholeheartedly, then the auction begins and they buy recklessly. The shortest text in the library.
The books below are bought from a bookstore. We recommend them because we use them ourselves, and we tell you exactly what each one helps with, so you don't spend money on a title that isn't useful to you right now.
Order matters: the same book read too early feels empty, while read at the right moment it changes the way you work.
Books that settle your basic notions of money, value and risk, without requiring technical knowledge.
Separates investing from speculation and explains what an asset's value actually means. Read this one first, even if you intend to trade rather than invest long-term.
About how people behave with money, not about markets. It shows why many people lose for reasons that have nothing to do with market analysis.
How to pick a stock starting from companies you see in everyday life. Written accessibly, without heavy math.
The case for passive investing and index funds. Read it to understand who you're competing with when you trade actively.
This is where you get into method: how to read a chart, how to build a system, and what the work of people who make a living from this actually looks like.
The systematization of Dow Theory: primary and secondary trends, confirmations. The definitions here are still used in technical analysis today. There is no clean digital edition — it's found in print, in secondhand bookshops and from used-book sellers.
The reference manual for technical analysis. Keep it within reach and consult it chapter by chapter — it's not meant to be read in one sitting.
Covers all three parts at once: method, money management and discipline. A good second trading book.
Interviews with traders from different generations. Useful for one specific reason: it shows there's no single correct method.
The sequel to "Învățăm și câștigăm," written for those who already have experience: strategies on trend direction and trend reversals, wave theory, Gann methodology, capital management and trading psychology. In Romanian, 272 pages. No longer in print — look for it in secondhand bookshops.
The Romanian translation of "The Sensible Guide to Forex." It deals with reducing risk and complexity, not get-rich-quick schemes. 368 pages. Bookstore stock has sold out; look for it in secondhand bookshops.
Japanese candlesticks explained by the man who brought them to the West. A serious alternative to the uncredited compilations circulating online.
Books about the part that doesn't show up on the chart: decisions made under pressure, and the rules you break yourself.
What happens in your head when a position moves against you. It only really makes sense once you've been through it with your own money.
Written before the book above, harsher and less widely read. It deals with the rules you set for yourself and then break.
Not a book about markets. It's about the errors of judgment you make without noticing — and the market charges you for every one of them.
A coherent stock-selection system, with clear criteria. Read it critically, as a starting point — not as a recipe to follow to the letter.
A relationship with money forms in childhood, long before the first bank account. Here we gather books and materials that help parents talk to their children about money, saving and choices — in their language, at their age.
Roxana Bucur, Virginia Vasilache, Florin Enceanu · Bookzone
RecommendedThe basics about money, explained with illustrations for school-age children. Read together with your child, chapter by chapter.
Available in bookstores. We also keep a copy at our office as a reference.
Mihaela Cerchina
RecommendedThe first words about money, arranged like a primer and paired with illustrations. Suited to young children who are just learning to tell a coin from a banknote.
Available in bookstores. We also keep a copy at our office as a reference.
BNM, Quo Vadis and EFSE · 2016
FreeA journey through time, from barter to electronic money, with stops in Greece, Rome and ancient Dacia. At the end: the history of the Moldovan leu and how to spot a counterfeit banknote. Written directly for the child, with illustrations and a game.
BNM, Quo Vadis and EFSE · 2016
FreeA guide for teenagers: where money comes from, how to spend it responsibly, how to build a personal budget in four steps, and how to set short- and long-term goals. With a glossary, a crossword, and ten maxims about money.
OK Foundation, with support from UNDP Moldova · 2025
FreeAn 80-page guide in four chapters: how to set goals and plan your budget, what tools the financial system offers, how to spot financial fraud, and how to move from savings to investing.
A few of the books above also have a free audio version, read by volunteers. Listen to them in English, on the go or at the gym, chapter by chapter.
Listening happens in the Cabinet, where the player remembers the chapter and the minute you stopped at. From this page you can only see what exists.
The National Bank of Moldova and the National Commission for Financial Markets publish their own financial-education materials, and the European authority ESMA has a section for investors. We link to them here, at the source — worth reading at least once.
Materials about money, inflation, interest rates and the country's financial system, explained for the general public, including lessons for students.
Open the financial-education pageWhat stocks and bonds are, how to invest in Moldova's capital market, and where to check the list of licensed firms.
Open the section for investorsHow to check whether a firm is authorized, how to recognize fraud, and what warnings the European authority has issued. The page is in English.
Open the materials for investorsFor years we gave away printed books received from our partners. The stock has run out. When we receive new copies, we notify the waiting list first.
We'll write to you once, when we have stock. Choose where you'd prefer to receive the message.
We give away the printed books, we don't keep them on a shelf. They go to our students, as study material, and to the winners of our demo-account contests.
Until we receive new stock, everything we can legally offer in electronic format is above, in classics, partner materials and resources.
The account is free. Once you're signed in, you never fill out a form again: you open whatever you want, read it on the page, and pick up right where you left off.
Cabinet · Resources
The bar shows how much of a book you've read, so you can easily pick up where you left off.
A good book gives you the theory. Someone who reviews your trades tells you what you're doing differently from what you read.
The materials on this page are for educational purposes. They are not investment advice, not trading signals, and do not constitute personalized guidance. Investment decisions are yours to make.
The books published here are distributed with the rights holders' consent or have expired copyright protection. Titles in the recommendations section are not hosted by us. The audio recordings come from freely licensed projects.
Trading and investing carry the risk of capital loss. Past results do not guarantee future results.
Trading.md is operated by Royal Consulting S.R.L., IDNO 1012600000608, str. Bucuriei 1, Chișinău. Client support office: str. Pușkin 26, et. 2, bir. 201c, MD-2012.
