• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Most liked posts in thread: Fundamentals/Mechanics of Oz share trading: Clearest, most Thorough book?

  1. ducati916

    ducati916

    Posts:
    1,945
    Likes Received:
    511
    Joined:
    Feb 13, 2006
    Mostly because I find the 1951 Edition the best balanced. The 1934 Edition is survival of the Great Depression, the 1940 Edition is also good, but for me the 1951 Edition has it all.

    The 1962 Edition brought in a new contributor, Sidney Cottle, who changed the feel of the book quite significantly.

    But any edition will give you what you are looking for.

    jog on
    duc
     
  2. Skate

    Skate

    Posts:
    1,370
    Likes Received:
    5,353
    Joined:
    Dec 28, 2013
    Technology
    For all the advancements in technology the market itself hasn’t changed much. It is still driven by the same two opposing forces, fear and greed & (IMHO) there is nothing new when it comes to trading ideas & all the old books are still relevant no matter how old they are.

    The game is the same
    I often hear that markets have changed and new rules are needed for the new game, well the markets do change but the underlying fundamental rules for success don’t seem to.

    Skate.
     
  3. ducati916

    ducati916

    Posts:
    1,945
    Likes Received:
    511
    Joined:
    Feb 13, 2006

    Security Analysis, Benjamin Graham, 1951 Edition.

    jog on
    duc
     
    michaelananya and TiminOz like this.
  4. jjbinks

    jjbinks

    Posts:
    266
    Likes Received:
    223
    Joined:
    May 14, 2013
    investopedia. Is a good starting point to understand terminology.
     
    michaelananya and TiminOz like this.
  5. Skate

    Skate

    Posts:
    1,370
    Likes Received:
    5,353
    Joined:
    Dec 28, 2013
    Trading successfully - the learning curve is steep
    TiminOz, you could read hundreds of books, watch the market for years and still not be profitable.

    Books are very technical
    All the excellent trading books will explain trading in very technical terms that are meaningless to the novice and they rarely mention what it takes to trade with confidence, failing to inform you about the emotional roller coaster you will soon start experiencing once you start trading.

    I wasted a lot of time reading
    Many of the books that I have read have turned out to be of little value at all, so I just wasted my time.

    Need to know - expected to know
    It’s time consuming just figuring out what you need to know and what you are expected to know, this leads to reading heaps of useless information that turns out to be irrelevant in the early stages of trading.

    You have to sift through so much material to find out if you need to know that information or not.

    You don’t even know enough
    You’ll have so many thoughts floating around in your head that require answers, sometimes you don’t even know enough to ask the right questions.

    Basic questions
    Just starting out on your trading journey you’ll need answers to some basic question and my suggestion to you would be to watch a few videos instead of reading books to begin with.

    Really enjoyable
    Watching videos is my preferred way of learning & watching a video or two is really enjoyable & educational.

    Time travelers
    Whereas reading a book is exhausting & mentally draining & it’s hard to stay in ‘NOW’ because we are all time travelers in our own mind.

    Mindfulness
    The degree of concentration when reading a trading book is enormous because your mind will do everything it can to make you think in the future or into the past, mindfulness is difficult to achieve.

    Human condition
    Your mind is a time traveler & its been that way from birth & you may not even realise when it's happening to you. (mind wandering is a human condition & nothing to worry about)

    'Mindfulness' & being in the 'Now' is another fascinating topic & it's a great skill to learn.

    'Dump it here'
    If you are interested I have a video link on my 'Dump it here' thread - just for you..
    https://www.aussiestockforums.com/threads/dump-it-here.34425/page-83

    Skate.
     
    JimmyJames80 and aus_trader like this.
  6. Triple B

    Triple B

    Posts:
    616
    Likes Received:
    209
    Joined:
    Jun 16, 2017
    The ASX has a good Education series on their website. Just go there and click the education tab .
    They also have a investing game that you can play . Also the watch list feature is handy if you want to follow stocks outside the 200 listed in the game.
    If you want to get into the real guts (the rules) you can go here and look at Markets tab and Corporate Governance etc
    https://asic.gov.au/regulatory-resources/
     
    Trav. and aus_trader like this.
  7. aus_trader

    aus_trader

    Posts:
    974
    Likes Received:
    814
    Joined:
    May 30, 2017
    I bought a purely fundamental analysis course called "The Dividend Key" about a decade ago that was good for filtering out companies with good fundamentals.

    I don't think it is available anymore since I cannot find it on the HUBB financial website. They've gone into selling other products which I have not tried so cannot comment on.
     
    TiminOz likes this.
  8. TiminOz

    TiminOz

    Posts:
    65
    Likes Received:
    11
    Joined:
    Jan 11, 2019
    michaelananya likes this.
  9. TiminOz

    TiminOz

    Posts:
    65
    Likes Received:
    11
    Joined:
    Jan 11, 2019
    More importantly, is it necessary to get an AUSTRALIAN guide (given the rules here)...because that will be harder and more expensive than getting a US one.
     
    michaelananya likes this.