Best Financial Risk Management Books of 2025

Technical Analysis of the Financial Markets by John J. Murphy is a comprehensive guide to trading methods and applications. The updated edition covers the latest developments in computer technology, technical tools, and indicators, including new material on candlestick charting and intermarket relationships. The book is a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Murphy, a former technical analyst for CNBC and director of Merrill Lynch's Technical Analysis Futures Division, provides state-of-the-art examples and figures to help readers understand the crucial role of technical analysis in investing. Overall, this book is an essential read for anyone interested in tracking and analyzing market behavior.

This beginner's guide to day trading provides readers with a comprehensive overview of the fundamentals of day trading, including the tools and tactics needed to succeed, as well as the importance of money management, discipline, and trading psychology. The author emphasizes that practice, ongoing education, and the right tools and software are essential to becoming a profitable trader. The book also includes an extensive overview of classic day trading strategies and how to implement them effectively. Overall, this book is a valuable resource for beginner and intermediate traders seeking to improve their day trading skills.

The Retirement Planning Guidebook is an essential tool for anyone looking to navigate the complex world of retirement planning. The book covers a wide range of topics, from understanding your personal retirement income style to managing your long-term care risk. It also offers valuable advice on how to manage your taxes, get your finances organized, and get your estate and incapacity planning documents in order. This comprehensive guidebook is a must-read for anyone who wants to make smart decisions and prepare for a successful retirement.

The Black Girl's Guide to Financial Freedom by Paris Woods is a must-read for Black women of all ages who want to achieve financial independence and retire early. With relatable stories and actionable advice, Woods simplifies wealth-building and provides a clear path to financial freedom. This book is perfect for those tired of following traditional financial advice that leaves them feeling broke. Woods offers a unique perspective that challenges assumptions and reframes unhealthy attitudes about money. Overall, The Black Girl's Guide to Financial Freedom is an empowering and informative read that provides a roadmap to building generational wealth and living the life of your dreams.

The Mental Game of Trading: A System for Solving Problems with Greed, Fear, Anger, Confidence, and Discipline is a unique book that helps traders understand and overcome common mental and emotional obstacles that hinder their performance. The author, Jared Tendler, provides a step-by-step system for identifying and eliminating these obstacles, and shares real stories of traders from around the world who have successfully used his system. Whether you're an independent or institutional trader, this book can help you improve your decision-making and execution, and ultimately increase your profits.

This self-published book, titled "Technical Analysis Using Multiple Timeframes," provides a comprehensive guide to understanding market structure and the psychology of price movement. It offers valuable insights into how to enter established trends at low risk and high profit levels, recognize and profit from the cyclical flow of capital through all markets, and estimate profit potential in a trade with technical analysis. The book also covers topics such as stop placement, recognizing and controlling costly emotional decisions, fundamental analysis, and much more. Overall, this book is an excellent resource for anyone interested in stock market investing and provides a unique perspective on technical analysis.

Back to the Futures by Scott Irwin is an engaging and entertaining read that sheds light on the mystery of commodity futures markets. Irwin, an agricultural economist, uses his storytelling skills to bring the world of futures trading to life, sharing his wild, life-threatening adventures growing up on an Iowa farm. The book also features insights from industry experts, providing clarity on the crucial role future markets play in our financial system. Overall, this book is a must-read for anyone interested in agriculture, finance, or economics.

The Credit Game: Plays We Were Never Taught is a must-read for anyone who wants to take control of their finances. This book provides practical strategies on how to use credit to your advantage and build wealth. It offers insights on how to increase your credit score, pay off debts, and get better deals from creditors. The author also shares secrets on how millionaires use credit to accumulate wealth. Overall, this book is an excellent resource for those who want to improve their credit score and make their money work for them.

The Science of Getting Rich by Wallace D. Wattles is a motivational self-help book that offers a unique perspective on how to achieve wealth and success. Wattles boldly states that this is the only book one needs to become rich, discouraging readers from seeking knowledge elsewhere. The book emphasizes the importance of energy work, which involves aligning one's thoughts and actions with the universe to attract wealth. Despite being written over a century ago, the book's teachings remain relevant today. Overall, The Science of Getting Rich is a thought-provoking read that challenges readers to rethink their approach to wealth and success.

How Finance Works: The HBR Guide to Thinking Smart About the Numbers by Mihir Desai is a must-read for anyone who wants to understand the complex world of finance. Using case studies, interactive exercises, and a conversational style, Desai demystifies finance and explains how different financial levers can affect a company's performance, how companies fund their operations and investments, and much more. Whether you're a student, manager, or entrepreneur, this book will give you the knowledge and skills you need to make smart financial decisions and communicate them clearly. Overall, How Finance Works is an informative and engaging guide that will boost your confidence in dealing with the numbers.