An investor should start his or her introduction to investing with the fundamentals, not with cunning strategies and trendy techniques. First, understand what investing is and how it works, learn how to resist emotions and learn about the tools of investing. These 3 books will help the beginner investor understand the basics.
There are many books about investing, theories and practice, with charts or pictures, written in professional or, conversely, simple language, just for the beginner. These books are worth reading for a person who has not yet invested money, but wants to understand the subject. After reading these books, it’s easier to study the news selections, follow the situation and understand what other people are earning and investing in.
Trading for a Living. Psychology. Trading Tactics. Money Management
Alexander Elder is the world authority in trading, like Sonny Reisner is an expert in betting at https://tonybet.com/en/forecast and similar platforms. The professional investor, the adviser on exchange trade and psychology of a stock exchange business. His advice can be trusted.
It contains a set of rules and tricks, which will help in successful stock trading. Here you will find answers to many questions: how to analyze the market, which securities to buy, when it is worth the risk and when not. Much attention is paid to the psychology of trading, an important process that will help to adequately assess risks and analyze the situation.
This book is Elder’s personal experience. He disassembles his mistakes and gives advice on how to avoid them. He talks about myths and what not to fantasize about. For example, that there are no special secrets that would prevent newcomers from learning.
This book is for investors who want to understand the schemes and start winning consistently, regardless of what happens in the market. It’s for beginners, who have plenty of practical tips to help them succeed. You can start with this book – it will explain what’s what.
The Random Walk Guide to Investing: Ten Rules for Financial Success
Malkiel is an economist and proponent of the efficient market hypothesis. He was one of the first to recommend that investors use index funds as the basis for portfolios. He derived general recommendations for investors on making investment portfolios.
The book offers the basics of investing, giving 10 basic rules that beginners should follow. If you follow the recommendations, you can form your first portfolio and determine your strategy. For example, in one of the tips Burton recommends choosing a strategy depending on the age of the investor, the profitability of the assets and their riskiness. The book isn’t a boring description of the rules; there are fun stories about investing that are memorable and help you decide how best to invest.
The book is for beginners who want to understand the basics – everything is simply and clearly described. It’s suitable for people who don’t have a financial background.
The Behavior Gap. Simple Ways to Stop Doing Dumb Things with Money
Carl Richards is a financial planner who knows how to turn complex financial concepts into simple ones.
The book helps you understand how the world of money works and how to take advantage of your own psychology to make money. You will learn how to remain patient and not to panic if asset values suddenly start to fall.
The book is full of useful recommendations, tips and explanations. It is written in an easy language, it is interesting to read. A beginner will not get lost in the terms on the third page.
The book is for beginner investors who do not yet understand how destructive emotions can be. Its for those who want to understand how to properly manage their finances.