If you are new to the stock market, you may be overwhelmed by the entire process. The problem is that many traders fail because they learn through trial and error, without doing the proper research first. There are plenty of resources to go by today, so it would be a shame not to take advantage of them.
There is no better way to learn about stock trading than by reading a couple of books. Here are some volumes that you might find to be very useful in your quest to become a stock trader.
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How to Make Money in Stocks by William O'Neil
Many beginners prefer to use simple Forex brokers when they start, and this book will prove to be a basic guide. This seven-step book is a guide for maximizing your gains and minimizing your risks, generating wealth through simple steps. It introduces you to multiple strategies and tips that you may use to invest in mutual funds, stocks, and ETFs. It also approaches the top mistakes that investors make, helping you avoid them.
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When to Sell: Inside Strategies for Stock-Market Profits by Justin Mamis
As a stock trader, perhaps the biggest challenge is when you should sell your stocks. Some people sell too early, causing them to lose potential profits. Others keep the stocks for too long, leading to losses when there should have been none. This book approaches stock market indicators and teaches you about the correct time to buy and sell your stocks.
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Stock Investing For Dummies by Paul Mladjenovic
Are you lost in a world full of fast-paced investors? Do you feel like you could never understand stock trading, no matter how many articles or books you read on them? In that case, this book might be right up your alley. It efficiently explains the rules of financing and ETFs, making it easy to understand even for a complete newbie.
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Market Wizards: Interviews with Top Traders by Jack D. Schwager
Jack D. Schwager is somewhat of a big name in the world of trading, with all kinds of traders relying on his book. For this volume, he interviewed a variety of trading professionals, learning and revealing their tips and secrets on how to succeed in the stock market. Schwager does not interfere with the advice given by the traders, which is why the readers will hear the information straight from the source.
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Common Sense on Mutual Funds by John C. Bogle
John C. Bogle is a highly respected person in the world of mutual funds, which is why his name barely requires any introduction. This book talks about the stock market and the things that affect it, offering easy-to-understand information about mutual funds. This will offer newbie investors a better overview of their investments.
- One Up On Wall Street: How to Use What You Already Know To Make Money in the Market by Peter Lynch
If your plan is not to turn into the next Warren Buffett but to become a successful stock trader, this book will teach you how to invest your money. The author of this volume believes that everyone has an innate ability for investing, which they can put to good use. It's a great read to brush up on your skills.
The Bottom Line
Nowadays, investing is easier than ever, even if you are a beginner. Hopefully, these books will be able to guide you. So, check them out and see which one "speaks" to you.
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