I need to learn about Bank Accounts/ Interest, what the stock exchange actually is, what borrowing against your home means... I am basically uneducated when it comes to money. I have a budget, I have a mortgage and I am very organised in my banking. I want to "mature", and learn about all the other ways to make the most of my money. Can anyone reccomend a BASIC book for me to learn from? I live in Australia.
2007-02-02 13:04:41 · 5 answers · asked by animalluvr 2 in Business & Finance ➔ Personal Finance
Suze Orman is an awesome money guru who gives all kinds of financial advice. She has books and tapes available for sale. I believe she even has a website to go and order the items.
2007-02-02 13:09:42 · answer #1 · answered by whirlwind_123 4 · 0⤊ 0⤋
How does Trading Work? I can say you that take a look at this site ( http://forexsignal.kyma.info ) may be it can help you. It 's one of the best course about trading. It seems like Trading is almost totally based on Macro-economics. It also strikes me that since there are not nearly as many currencies as there are stocks/bonds/derivatives etc etc, there must be a large number of market players in each currency bracket. So logically, currencies must be very liquid true? Also, what is the risk of Currency trading, high or low? When I read the business section every day I notice that the Canadian loonie moves hardly a tenth of a cent on a regular basis (in comparison to the US dollar). So it seems like theres very little room for growth in currencies unless you leverage. On that note, whats the maximum leverage permitted for forex trading. I know in stocks its x2, and in derivatives its x10. Anyway the only way to know how to start a profitable buisness is by following some methods like the one that I suggested.
2014-10-06 16:53:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you want to be a stock broker read books on sales, marketing and motivational books. Like, How to Win Friends and Influence People. Anyone can become a stock broker, former army officers, football players, homeless people (see the movie The Pursuit of Happyness) If you want to be an analyst or dealer those books you listed may help you get a feel for what thats like.
2016-05-24 06:43:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Stay away from Suze Orman - I gave up on her when I heard her say that young fresh-outs should use credit cards to pay for living expenses like gas and groceries until their income catches up - how stupid!
If you really want financial wisdom, check out Dave Ramsey's books, "Financial Peace" or "Your Total Money Makeover". Either one is an excellent place to start.
2007-02-03 01:28:46 · answer #4 · answered by homeschoolmom 5 · 0⤊ 0⤋
try the "Rich Dad..." series. he gots some very good info on all those topics.
2007-02-02 13:34:24 · answer #5 · answered by jgrantspecial 2 · 0⤊ 0⤋