Recommended stock market books for beginners
Jordan writes January 14, 2007:
I love your blog. I would love to participate in the millionaire in 10 months, and billionaire in 20 months. My only problem is that I’ve never traded or have ever had stock before. I would love to learn the stock market and the art of trading, but just don’t know where to start. Any advice? Do you recommend any particular books?
Finance Ninja answers:
Thanks Jordan for the e-mail.
I can’t give you any real advice because I’m not a licensed professional and I haven’t had long-term success yet, but I suggest to read stock market books, books on options, charting, and economics. Do that first. No need for costly seminars just read and watch the market and learn daily. If you’ve never traded doing what im doing might be a costly experience as i’ve described in previous blogs about my trades for the past 4 months besides the ones the past 3-5 years. I’m trying to create a booklist on my site for beginners and some are below. www.Amazon.com is awesome to find books new/used. Just look up the book then it should say “these used from” buy those they are cheaper.
I recommend Profitable Candlestick Trading by Bigolow, Introductions to Options, Technical Analysis by Pring. If you have never taken a financial class or seminar read Rich Dad Poor Dad if you are really new to financial thinking. It’s a 5th graders book but it’ll get you motivated he also writes Rich Dad Poor Dad’s Prophecy. I read Rich Dad Poor Dad in highschool 6 years ago while getting into network marketing where “positive mindset” books were your daily reading homework to keep you in the game and boy you need it! There are a lot of good books out there. I have currently a stack 20 economic titled books I haven’t even got to yet I got off amazon.com to take with me during patrol.
You can also goto your local library in your town and request them if they don’t have them. It takes probably less time to get them through mail and its free. The most expensive is Profitable Candlestick trading bran new. I went to a class after a couple years trying to make it on my own. If you live on the east coast and want to go to a very informative couple of classes on how to invest not necessarly just how to buy and sell options you might like what I attended. If you want that information just email me. It is worth it. I trade off NO systems just homework. If you want to blog on a stock you want to learn about I’d discuss it as a blog topic on my site if you want. Like I said I’m not a professional and cant’ give you financial legal advice, but from what is stated above in my answer that should be a good start to get you wet.
Regards, the Finance Ninja