m0dulus
- 04 Jul 2005 09:17
What are the top 5 books a novice should read before embarking on buying stocks and shares?
Any ideas?
jimmy b
- 04 Jul 2005 17:46
- 14 of 22
If you look at my list at the top it includes this book , i admit it's very basic, however , the thread did say for a complete novice, the books i read afterwards i chose as they got a little more in depth .
Digger
- 04 Jul 2005 20:25
- 15 of 22
Digger
- 04 Jul 2005 20:33
- 16 of 22
Fred1new
- 05 Jul 2005 23:25
- 17 of 22
If you are a novice and assuming you have only a limited pot to begin with and no previous experience of loosing money in the market. I would suggest the following.
To give a good overlook of the market and how the different individuals and bodies function I would suggest these readable books. Either one or both :-
How to read the Financial Pages
By Michael Brett
Beginners Guide to Investment
By Bernard Gray
I wish I had read these earlier and from experience I should read again and again especially when making money to keep my feet on the ground and when I am loosing to remind me it is possible to make money and limit my losses.
It also warns you about ramping, scams, frauds, greed and has very useful Web page refs. Etc.
How to Win in a Volatile Market
By Alexander Davidson
Another Book already mentioned which might have help me early on and still helped me to reflect
Selecting Shares That Perform:
Ten Ways to Beat the Index (Investor's Guide) (Paperback)
By Richard Koch
Profit from you PC
By David Linton (Founder of Updata Software)
The first book gives you ideas how to set up your own system
If you are a novice and can use a PC this may give you some useful ideas for a small pot, but if you are making money invest in a software package to manage your portfolio and download end of day prices and has charting an and Fundamental Data.
Personal choice for me is Sharescope. But others use different packages. And you can get the coverage of Fundamental and Charting on line and also manage your portfolio. From Comdirect, Barclays, Smile, Etc. but they are a bit clumsy and you have to be on line/
============================================
The last two are to add to your charting abilities looking for the X spot where the gold is buried.
I like both of them (Both mentioned before) although they are American. For me a very sensible approach, readable and not hyped. But use the charts for when to buy and sell, but look at the basic fundamentals before you BUY. Personal opinion. You wont get burnt so often.
The Pring book had a CD to go with the book and is very good. (IMO)
Technical Analysis for Dummies
By Barbara Rockefeller 1
Introduction too Technical Analysis (With CD)
Martin Pring
Good Lick, sorry luck. It can be fun, but don't use money which you may need for more important things.
ariesr
- 06 Jul 2005 00:15
- 18 of 22
Kazaa has some interesting manuals on shares.
Andy
- 08 Jul 2005 11:31
- 19 of 22
ariesr,
can you post a link please?
Digger
- 17 Jul 2005 17:50
- 20 of 22
ThePublisher
- 18 Jul 2005 08:55
- 21 of 22
"Profit from you PC
By David Linton (Founder of Updata Software) "
This book changed my life.
Before reading it I thought the way to success was by (a) reading the right journals and (b) having a well informed stock broker.
Reading David's book will show why neither of these are reliable and why the TA route can be (notice I don't say it always automatically is).
Then with a copy of Douglas Trading in the Zone to give you the confidence - not to teach you TA - you'll be well on the way.
For a good book on TA I'd recommend Jeremy du Plessis and his book on Point and Figure due out later this month.
TP
TheArb
- 18 Jul 2005 12:25
- 22 of 22
re Trader's Bible, the stakes & holdings spreadsheet has just been released:
http://www.harriman-house.com/tradersbible/downloads.htm