i am looking to start trading in the UK, are there any good books out there which will help me understand markets, take me through the system etc?
2007-11-19 22:19:57 · 9 answers · asked by totallylegal 1 in Business & Finance ➔ Investing
Great stock trading reference;
Come Into My Trading Room: A Complete Guide to Trading, by Alexander Elder.
This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. More info here:
http://www.amazon.com/gp/product/0471225347?ie=UTF8&tag=stoinvmadeas-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0471225347
However, you can also invest for long term, or being a value investors. To be successful in value investing, you need to select the right stocks and buy them at the right time. Here are some free tips for you;
fundamentally, you can use various key financial ratios to start screening which stock worth your hard earned money. from there, you can go to the next level by further study how they perform qualitatively. Look here for more info:
How to Pick A Good Stock
http://www.stock-investment-made-easy.com/good-stock-pick.html
Guide in Analyzing Stock
http://www.stock-investment-made-easy.com/analyzing-company.html
then, you must study how much the stock worth. to do this stock valuation, you have to calculate intrinsic value. once you got it, buy the stock when it is at its margin of safety, either it was discounted than its intrinsic value, or discounted from the past historical prices. Look here for details:
How to Calculate Intrinsic Value
http://www.stock-investment-made-easy.com/calculate-intrinsic-value.html
How to Determine Margin of Safety
http://www.stock-investment-made-easy.com/margin-of-safety.html
now the last point but the most important things, how you can make money from it? look, good company will grow over time. if you invest for your retirement, you can sell the stock after 20 years with as much as 30% return per year! doesn't it sounds good? and besides, you'll be earning dividends year after year, which will also grow annually!
Penny Stocks, Short Cut to Wealth
http://www.stock-investment-made-easy.com/penny-stock-investing.html
2007-11-20 00:42:31 · answer #1 · answered by BigBen 5 · 0⤊ 0⤋
You can check out free books from libraries. Basically, there are two theories to trading. First, it is the buy and hold strategy. The idea behind this theory is that the stocks markets in general return 10% annually over a long period of time. Therefore, every year you buy some stocks of established good companies and eventually these stocks will generate 10% annual returns over a 15 to 20 year period. Stocks have to go up to adjust for inflation and profits. The difficulty with this strategy is that if you buy and hold stocks now, when the market is near its peak, you could sit through some substantial losses and will have to wait few years to recover the losses and earn profits.
The second idea is to trade shorter term. This could mean swing trading for a few days or buying and holding stocks for several months. As an example Apple stock went up about 100% this year and if you think Apple has exhausted its potential then you would sell your shares in the Apple and look for another opportunity. This is called system trading, and it can be based on fundamentals and technical indicator, or combination of both.
To learn more about swing trading and the profit potential go to www.dowindicator.com
2007-11-20 01:51:58 · answer #2 · answered by james d 1 · 0⤊ 0⤋
1)How to Trade the S&p 500 E-Mini: Learn the Fundamentals of the Stock Market
Author(s): James M. Hardman (Author)
2)I Want to Make Money in the Stock Market : Learn to Begin Investing without Losing Your Life Savings!
Author: Chris Hart
2007-11-19 22:25:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋
In order to trade well in financial market you don't need just books. Books will help you only to get an idea on what is happening in this market. After that you need a reliable software and a good guidance. Visit this site: http://www.elliottician.com/. I recommend this software on my own investments.
2007-11-20 00:27:04 · answer #4 · answered by forextrade1970 2 · 0⤊ 0⤋
Trading for a living
by Elder
2007-11-20 01:22:43 · answer #5 · answered by Clown 3 · 0⤊ 0⤋
Schaum's outlines, Investments. McGrwa Hill Int Publication
It is a very good book. It has a very simple and easy explanation and examples.
Very Useful and value for money (cheap)
2007-11-19 23:01:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Marketing and business books. They've got loadddsssss in book shops, such as Borders!
2007-11-19 22:22:43 · answer #7 · answered by Anonymous · 0⤊ 1⤋
"You Can't lose Trading Commodities" by Robert F. Fiest
Serch in "alibris" Good Luck
2007-11-19 22:28:36 · answer #8 · answered by mx. know it all 7 · 0⤊ 0⤋
read and you will know
http://investment-blog.net/2007/11/19/books-investors-may-want-to-read/
read and you will know
http://investment-blog.net/2007/11/20/how-and-where-to-invest-in-stocks-here-you-go/
2007-11-20 07:32:58 · answer #9 · answered by Anonymous · 0⤊ 0⤋