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| MadSam | 08-05-2010 06:58 PM |
Essential Books for Stock Trading
The Intelligent Investor is the one everyone knows. What can people recommend on the art of stock trading?
Ebooks and programs also being sought.
Thanks |
| Blackhorse | 08-06-2010 05:26 AM |
Would also be interested to know :) |
There is one I read through - let me find the title.
Can't seem to recall it. I will post once I do. To begin with, the dummy series is good.
Buffett's book is also a solid read. |
| worththewait | 08-06-2010 10:05 AM |
"The naked trader", have read it 2 times followed by "Come into my trading room". |
| Blackhorse | 08-06-2010 10:26 AM |
Cool, i guess they are universal? Though some trading rules etc would differ country to country? |
| worththewait | 08-07-2010 05:13 AM |
The naked trader is by a UK based stocks trader. All examples in the book are in relation to the LSE, but these can be applied to any worldwide stock market!
Countries rules differ in regards to capital gains tax and stamp duty when buying and selling shares, but most fundamental trading principles are the same in most world markets. |
| MadSam | 08-07-2010 09:18 AM |
Quote:
Originally Posted by rsot
(Post 156085)
There is one I read through - let me find the title.
Can't seem to recall it. I will post once I do. To begin with, the dummy series is good.
Buffett's book is also a solid read.
| There's only one dummy book isn't there? Stock Investing for Dummies.
Buffett has written quite a few books, which are you referring to? |
| slapped | 08-07-2010 09:38 AM |
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| Blackhorse | 08-07-2010 09:45 AM |
For someone who has never dabbled in stocks, do you HAVE to go through a broker? Or can you take the plunge and do it yourself?? Im not going to invest a huge wad of cash, so if i lose out, no real great big loss and a lesson learnt etc. |
| slapped | 08-07-2010 10:18 AM |
Quote:
Originally Posted by Blackhorse
(Post 156310)
For someone who has never dabbled in stocks, do you HAVE to go through a broker? Or can you take the plunge and do it yourself?? Im not going to invest a huge wad of cash, so if i lose out, no real great big loss and a lesson learnt etc.
|
You can do it yourself No Problem.
Brokers are Useful, ONLY if they Are Good and COMPLETELY Understand your Finincial Situation
I Personally do it My self, and the KEY to that is RESEARCH and FULLY Understanding ALL The Research, on BOTH The Company that you are Looking to Invest in, and how the Market on a Whole works, as well as the Effects Current Economic Conditions can have on the Market and the Specific Company you are interested in.
If you want a Place to Start Do some research on the Current Agricutural Conditions, For a Variety of reasons Worldwide it seem that the World is About to enter a MASSIVE "Grain" Shortage that may last years, this, if it happens will Create Investment Opportunities in Many Companies, In Many Sectors, (Farming, Chemical, Equipment) ect, ect |
| worththewait | 08-08-2010 04:42 AM |
If have been doing it myself for about 10 years. But you still need an execution only broker account, that way you instruct your broker via their website what you want to buy and sell. Gone are the days with share certs and phoning up your broker to buy shares, its all done electronically now and its the best! |
| MadSam | 08-09-2010 11:47 AM |
The Naked Trader is very aimed at a UK audience. One of the main principles discussed in it is Spread Betting, where you can buy shares in companies through a bookie so they are geared/leveraged products. This is against SEC regulations in the US and cannot be done. I'm not sure if it's allowed in Australia, I think it is. |
You can use the trading software and do it yourself - Ameritrade and what not. If you can stand risk, you can go for leveraged stocks that reflect the industry.
If you can't, buy and hold - read around - prepare to lose some as you learn though. |
| MadSam | 08-09-2010 12:00 PM |
What trading software is good?
Have you tried MetaTrader? |
Another book is orange cover: How to Make in the Stock Market (title close to that).
Few folx I know use Ameritrade - seems fair. I was looking at Noble Trade or Scottrade.
Haven't tried MetaTrader |
| MadSam | 08-09-2010 12:04 PM |
Do you stick to a field you know, for example only look into software companies, or search all round? |
I search all round - energy, pharma, tech, agri - all high risk - big gains, big losses. |
| MadSam | 08-09-2010 07:09 PM |
Pharma and energy are a little more stable. |
| MadSam | 08-09-2010 07:41 PM |
Anybody try forex? Any opinions on the forex trading softwares? |
| MadSam | 10-11-2010 09:39 AM |
How is everybody's portfolio looking as we approach the good time of year for stocks? |
Got rid of most of my stocks in order to liquidify cash for other endeavours - but now with the exchange rate of USD to CDN being horrible, I will be going back in. When is the question... |
| MadSam | 10-11-2010 12:01 PM |
When is always the question. Coming up to the last 2 months of the year are usually the golden periods for stocks. |
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