3 Best Books For Stock Market Beginners
Welcome beginner. We all need to invest our savings, so the sooner you begin learning how to trade, the better your retirement or income will be. I’ve put together this set of three books as the three best books for stock market beginners.
The first book for beginners is How To Make Money In Stocks as the best and easiest way to trade for beginners. You’ll discover how to read charts for proper buy and sell prices. This is what you need to get up and trading fast.
The other two books, The Intelligent Investor and Reminiscences Of A Stock Operator are two classics that will give you a better understanding of the stock market, being and investor, managing risk, and more.
How To Make Money In Stocks
How To Make Money In Stocks is written by William O’Neil, founder of Investor’s Business Daily and Investors.com. In this book he outlines his trading system, called “CANSLIM,” and details how he has used it for years to capture enormous moves in the stock market from stocks that are about to take off and become the next big thing.
This is the first book on investing I bought and it formed the basis of my early trading. I’m not a big fan of the CANSLIM approach but I love this book because of what you’ll learn about chart reading. You’ll discover when to buy and sell any stock.
I would also recommend you subscribe to his newspaper, Investor’s Business Daily. This book and a subscription to his newspaper for one year will give you a good foundation for technical analysis on any stock.
“The fundamentals are solid and this book has a tremendous amount of useful information. There are TONS of graphs to study in this book! The book was easy to follow even for someone like me that doesn’t have very much trading experience.”
“This may be the best book ever written in selecting, buying, and selling stocks.”
The Intelligent Investor
Warren Buffett says this is “the best book on investing ever written”.
The author Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Professional traders the world over claim The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
The first nine chapters cover investing basics that all investors could benefit from. These chapters provide the investor with a realistic picture of how Wall Street works and what investors need to do to come out ahead. Chapters 10-20 focus strictly on fundamental analysis, stock selection, convertible issues and warrants, and other subjects.
“The combination of pioneer Ben Graham’s original work coupled with Zweig’s meticulous and enjoyable update, make this a remarkable book about investments and investor behavior that every new and experienced investor should read.”
“Jason Zweig, an obvious Graham disciple, does a fantastic job bringing the book’s principles to life through modern examples.”
Reminiscences Of A Stock Operator
Reminiscences Of A Stock Operator was written by Edwin LeFevere and annotated by Jon D. Markman.
This the fictionalized biography of perhaps the most famous financial speculator of all time, Jesse Livermore. The book describes the many trading strategies Livermore used throughout his life and analyzes his psychological development as a trader and the lessons gained through hard experiences.
“This is “the” traders bible. Written 100+ years ago, covers over 150 years of the stock market, but you’d be surprised at how little anything has changed since then. 75% of it still applies today.”
“This is an absolute must read for anyone who invests. You will discover that all the tricks of the trade were there right from the beginning. You will never see the stock market the same way again.”
CONCLUSION
That wraps up this overview of the 3 best books for stock market beginners. You’ll look at the market through the eyes of a speculator, discover fundamental and technical analysis of stocks, and finally how to read stock charts for proper buy and sell signals.
I highly recommend you get all three and start your financial library today. It will be a small investment for a big return.
Make sure to also check out my other post on 5 common trading mistakes made by investors and traders.
