Hi, new member here. I know my English grammar could have been better but I hope this won't effect the topic too much.
After thinking for a while whether i should reply on old topic (not created by me) that already matches this message or start new topic, I decided to open new one and hopefully its nothing wrong with that.
I am also Total beginner when it comes to trading stocks/shares and investigating in them. Seriously, I don't even know which term is more appropriate; ''stock'' or ''share'', neither do I know what ''broker'' means. Im not asking this but just saying I am at total zero. Not even know which amount to report as an income on tax administration; the difference between selling and buying or just selling. Etc...
Anyway what I have done is I harvested very tiny list of books on this forum. List is at the end of this message. First out of three queries that I have is:
I noticed people on this forum are mostly interested in Australia's market but I would like to learn in Worldwide's market. Are those books (any of them not?), see list below, still appropriate in this case?
Second query that I have is:
I am looking forward that books from who I would be learning meet some kind of requirements/wishes that I have. I am not trying to be silly but this way the time would be spent much better. Those requirements/wishes are:
- the books should NOT have (or very little of) stories and author's own opinions on given situation. I am NOT interested about what author had for the lunch a day ago. In different kind of science that I am also interested in, as well as in some ebooks that I was using for university' exams, in worst cases I noticed approximately 90% of useless stories being in the book. I could have written down on one side of A4 paper ALL useful notes from book of 350 pages. Im not interested in stories that have no value. Each or at least most of sentences should have something to learn from. When the book starts with history of X subject and what were people doing in that history, you know instantly this book won't be useful. You cannot learn anything from that. It won't be useful. When is in the middle of the text located sentence like:
''In the X situation do A subject, if you will do B instead, you are risking the lose''
you know you have just learned something.
- the books should cover a lot of microscopically small details that are worth knowing
- as few books as possible should cover as much topics (in this particular ''science'' about stocks/shares) as possible. With other words: I don't like to read the same sentences (exactly the same topic) in more than one book.
- books should start with matching the needs of TOTAL beginner who knows nothing about stocks/shares like me. Elsehow said: constructors cannot build the building in the second floor if they haven't started thinking how to BEGIN the drawing (not even constructing yet) of the first floor. I know on youtube are many video tutorials, I have seen them but they aren't in order based on level of knowledge.
Third query that I have is:
Does exist any virtual environment (either web or desktop application or even pc game) where I could test (not as quiz) specific, just learned, topic? I think this would have giant advantage in this learning ''journey''. If I wouldn't have success in chosen step then this meant I would have to recheck the specific topic. In opposite situation (success in virtual environment on specific step) I had the knowledge that I could rely on when beginning with next step. Years ago (and probably still nowdays) some pc game used to exist with the name ''wall street tycoon''. But according to the second requirement in second query (if you don't remember it, please recheck) I cannot expect anything from such pc game - it for sure won't have such extreme amount of features to test knowledge on.
In short, the renovation of the whole message: Could you narrow down the books (or add better ones) to the most appropriate ones for beginner that have as much as possible covered topics?
How I made $2,000,000 In the stock market - Nicolas Darvas
Secrets for Profiting in Bull and Bear Markets - Stan Weinstein
The Universal Principles of Successful Trading - Brent Penfold
Adaptive Analysis - Nick Radge
Successful Stock Trading - A Guide to Profitability - Nick Radge
Stan Weinstein's Secrets for Profiting in Bull and Bear Markets - Stan Weinstein
Master the Markets - Tom Williams
Trade Your Way to Financial Freedom - Van K Tharp
Way of the Turtle - Curtis Faith
Curtis Arnold's PPS Trading System - Curtis Arnold
Trading for a Living - Alexander Elder
Reminiscences of a stock operator - Edwin Le Fevre
Trading in the Zone - Ari Kiew
The Four Pillars of Investing - William Bernstein
The Intelligent Investor - Benjamin Graham
One up on Wall Street - Peter Lynch
The Art of Trading - Christopher Tate