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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

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.

"The naked trader", have read it 2 times followed by "Come into my trading room".

Cool, i guess they are universal? Though some trading rules etc would differ country to country?

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.

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?

I have been using the John Bollinger (Bollinger Bands) formula for about 15 years, My Father for almost 30 Very Successfully.

Formula Explanitation:

Bollinger Bands Formula

MetaStock Plug In:

http://www.equis.com/products/thirdparty/?plug-boll-bs

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

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!

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.

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

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.

Pharma and energy are a little more stable.

Anybody try forex? Any opinions on the forex trading softwares?

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...

When is always the question. Coming up to the last 2 months of the year are usually the golden periods for stocks.

Hmm, you do have a point but with Christmas things slow down I would have thought.

I don't know where you got that from rsot. Christmas and around that time are usually a booming time for stocks.

I've been investing a lot lately in stocks, one underground stock I found recently is AIS, Antares Pharma.

Antares Pharma :: Pipeline

Very interesting company saw a video on CBS and there in the process of making a birth control lotion, yes you heard correctly literally a lotion the girls rubs on and stops her from getting pregnant lol. I mean after hearing this I was like I'm definitely investing in that lol, scheduled to release in 5 years.

Has already been tested on a small test group, I personally think if this works the stock will quadruple in value. So I bought 1000 shares at around 1.40.

^^^^Man, that's been around for a while. That sounds like investing in the company that tried selling ice online. They filed for bankruptcy the day after they started.

lol yeah I've pretty much just got a gut feeling about them, so I just bought a minor position of 1000 shares at 1.40


The companies I feel most strongly about and own are appl, gnk, balt, and pvx

lol ice online that is to funny

All good investments and will pay their dividends in long term. Worth holding onto.

Yeah so far appl is doing the best for me up around $30 per share since I've bought and a lot of investors are predicting $400 per share. I wish I would of bought some of goog too.... I would of been up $90 per share from the day i wanted to buy :doh:

Where does everybody go for their stock information? Google finance, Yahoo, MSN Money? Or do you stick to the analysis tools in your brokerage account? Or does anybody actually subscribe to ADVFN for up to the second stock information?

I use to use a lot of sites but I don't think any compare to fool.com I feel like its overall the most useful to me and the only site I use.

fool.com looks a little like it could lean towards advertisers ;) The analysis tools in etrade are quite thorough - anybody used?

I like scottrade not as many tools as etrade but no recurring payments or any hidden fees. I don't trade often I like to buy & hold, so scottrade seems to be my best fit.

Nothing wrong with holding, for most people it's a more profitable investment.

is indian trading strategy is same as global trading?