Would you please suggest some important books for beginners in share market?

8 Responses to “Would you please suggest some important books for beginners in share market?”

1. Ivica J says:

   January 29, 2010 at 4:24 am

   You can read Robert Kyiosaki’s book: Rich Dad,Poor Dad,or his book for investing (I don’t know the name of the book) or his book Cashflow quadrant.
   You can find some interesting ways to earn money online on this page:
   http://real-money-in-your-pocket.blogspot.com
   References :
2. Analyse says:

   January 29, 2010 at 5:11 am

   Books by Pring and alexender elder can be of great help.

   Also on web you can take reference of investopedia.com , http://www.optiongain.ning.com
   References :
3. GetMoneyRich says:

   January 29, 2010 at 5:27 am

   You are young and you must learn the concept of investment.

   After you have developed the concept then you can actually go ahead and trade shares online.

   I will recommend two books to you, first is "Rich Dad Poor Dad" by Kiyosaki and secong "The Warren Buffett’s Way" by Hagstrom.

   But read Rich Dad Poor Dad first. Its excellent for new investor like you.
   References :
   http://www.getmoneyrich.com
4. Thomas A says:

   January 29, 2010 at 5:32 am

   If you have already read Intelligent Investor then you are half way through already. Congratulations.

   Here is your next step.
   http://www.amazon.com/Security-Analysis-Classic-1934-GRAHAM/dp/0070244960/ref=pd_sim_b_3

   Now along with this, read industry news and understand it to the core. Understand Macro drivers of economy and its relation to stock mkt and perticular industry etc. For example – Inflation, Interest Rates and how they affect banking industry.

   Pick up a few industries of your liking and start building core competencies in that. Start with 1 or 2 industries at the max.

   For example – If you pick steel, you need to understand
   1. Different types of steels
   2 How steel is used
   3. How steel is made
   4. Value chain of steel production
   5. Where are the pricing powers
   6. What are the industry trends. And many more things

   This takes time & patience. Once you have that edge, you can invest with your own conviction. You can have the courage to go against the tide and make real money. You would not need to wait for analysts to upgrade/downgrade a stock.

   Good Luck!!
   References :
5. Sripadma says:

   January 29, 2010 at 6:14 am

   basic rules are :
   no:1 rules are not permanent it keeps on changing as benefit to B.S.E it only interested in taking
   not giving.
   do not barrow and invest.
   References :
6. blitz says:

   January 29, 2010 at 6:20 am

   Stock market is the best form of investment and the sooner you start the better. So congrats that you have started of at 23 

   There are 2 methods to analyze stock market..

   Fundamental analysis: here you study the company performance, strengths and future growth potential and current valuation.

   Technical analysis: here you observe just 2 things basically.. the movement of share price of the company and the volume/number of shares being bought and sold of the company..

   The idea is that big investors like FII and mutual funds to detailed fundamental analysis of 100’s of companies and identify the top shares.. they then start being the shares of these top companies.. this action can be caught by doing technical analysis.. then one can just follow these trends and make money while all the hard work has been done by big investors..

   I started of doing fundamental analysis but then shifted to technical analysis because I found that the news we get is manipulated, they big guys know all the big news 1 month in advance.. if I followed technical analysis I could have seen it 1 week after them.. but as a fundamental analyst I saw it a full month late in most cases.. just when those big guys want to book their profit by selling their stocks to small guys like me..

   So definitely study technical analysis books..

   2 that I have read are
   1. “technical analysis of stock trends” by Robert d Edwards and john magee
   2. How to make money trading derivatives by ashwani gujral

   they are both decent books..

   but what I found extremely good was a 2 day course on technical analysis.. as it was practical.. easy to apply and straightaway profit making.. U can make 40 percent profits per year by following their method.. you can find the details here in this site http://www.invest-in-shares-in-9minute.com/

   I am creating this website http://www.easy-profitable-shares-investing.com. It should take one month to be fully uploaded and I aim to make it the best site in internet for all information about shares (like basics, fundamental analysis, technical analysis).
   References :
7. Amit Kumar says:

   January 29, 2010 at 6:49 am

   Dear Bhat

   According to me the best book for you could buy is " Stock Market Book" from Dalal Street Investment Journal. Even they have good stock market course for young guys like you. Not only to know about stock market, you can even build your career after doing that course. This is of the best rated stock market course in India. To know more you can visit their website http://www.dsij.in. Believe or not they are the market leader in educating about stock market as well as to guide their investors to fetch more benefits

   Regards
   Amit Kumar
   9545200884
   References :
8. oh!my!my! says:

   January 29, 2010 at 7:21 am

   value investing and behavoiral finance……….by parag parikh……tata mcgraw hill
   latest best uptodate.
   References :