Saturday, September 23rd, 2017

Does anyone know a good book about stock trading?

Hi, I have really wanted to learn to trade stocks. I’m looking for a good book for beginners. Any help is appreciated. Thanks.

Comments

7 Responses to “Does anyone know a good book about stock trading?”
  1. Sam says:

    Well for that you should see
    http://biznuss.net/index.html
    OR
    answers.yahoo.com

  2. ? says:

    Hi Ricky,

    The Neatest Little Guide to Stock Market Investing (Revised Edition) by Jason Kelly.

    The Complete Guide to Investing in Short Term Trading: How to Earn High Rates of Returns Safely by Alan Northcott

    Trade Your Way to Financial Freedom, Van K. Tharp

    Hope this helps!


    Brad

  3. The Old Guy says:

    Here is some reading material that can get you started in the right direction,
    The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki
    Then try some of these
    What Works on Wall Street by James O’Shaunessey
    Beating the Street by Peter Lynch
    One Up on Wall Street by Peter Lynch
    The Warren Buffett Way by Robert Hagstrom
    Trading For a Living by Alexander Elder
    Mastering the Trade” by John Caster
    How to Make Money in Stocks” by William O’Neil
    24 Essential Lessons for Investment Success by William O’Neil
    The Disciplined Trader by Mark Douglas

    Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

    While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it.

    Other website that can provide instructions and help with procedures and terminology are
    Investopedia – http://www.investopedia.com/ Stock Charts – http://stockcharts.com/
    http://www.investorshub.com/ http://www.1source4stocks.com/

    Visit some of the more professional websites like Zacks – http://www.zacks.com/
    Smart Money – http://www.smartmoney.com/ Schaeffer’s – http://www.schaeffersresearch.com/
    Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.

    Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

    You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

    Good luck on your journey

  4. !!! says:

    Read books on Warren Buffett, Bernard Baruch, Jesse Livermore and other successful traders/investors.

  5. Max M says:

    If you’re a rookie in investing or stocks, go to

    http://www.finance.yahoo.com.

    Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

    That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.

    Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.

    If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.

    Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.

    I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.

    Good luck.

  6. Richy says:

    Sign up FREE for Jim Cramer action alert. Jim Cramer is a celebrity investor (google him) and he has a program called action alert plus where he emails you about every trade he makes. There is no better way to learn than watch what the big dogs do.

    It is a 14 day free trial membership and you won’t be charged anything if you cancel the trial membership. It was great to see his trades. I have given you the link for the free sign up below.

    http://www.dpbolvw.net/click-3662274-10568242

  7. Lauren says:

    I don’t know any good books offhand, but this site, http://www.topdogtrading.com/ gives really great advice and understanding of stocks, day trading, fluctuation in the market, etc. My brother recently got me interested in stocks and trading, so I’ve been spending some time researching helpful sites and blog online and came across this site. They post regularly and cover various areas of the stock market. You may gather better understanding and advice from them. They even have trading sources on the fundamentals that may be helpful too. Check out the courses here, http://www.topdogtrading.com/?page_id=14…

    Hope this helps!

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