Good book for beginner?

Joe Blow · 7 November 2009

hkaqr said:
I was wondering, if there is an appropriate site or place where i can buy these books at a decent price.
I was just checking on dymocks online at Intelligent Investor was going at $45, seems a bit much.

Try the ASF Bookshop: https://www.aussiestockforums.com/shop

Sales from there help support ASF!

condog · 8 November 2009

Rich Dad Poor Dad and his guide to investing are excellent first reads , because you need the right mental attitudes and context ......

Roger Montgomery - Marketwise is an excellent read...

Each year top stocks is well worth a buy and read

condog · 8 November 2009

condog said:
Rich Dad Poor Dad and his guide to investing are excellent first reads , because you need the right mental attitudes and context ......

Roger Montgomery - Marketwise is an excellent read...

Each year top stocks is well worth a buy and read

Sorry it was Brian McNiven who wrote Market wise, and he has since ut out a more concise version called
Concise guide to value investing

Also Dale Gillham - how to beat the managed funds by 20%...

soren_lorensen · 9 November 2009

I read Colin Nicholson's book called Building Wealth in the Stock Market, and thought it was pretty good.

If you are after a safe, long term, investing type method, which has alot of merit, then this would be worth buying.

The good thing is the book is all about the Aussie market and has loads of examples at the end, he also puts down his actual performance and method, nothing too exciting but looks like it works well.

It also only recently released in 2009 so is quite current, I got mine from the local library but will consider buying it off his website, maybe an x-mas pressie.

condog · 11 November 2009

soren_lorensen said:
I read Colin Nicholson's book called Building Wealth in the Stock Market, and thought it was pretty good.

If you are after a safe, long term, investing type method, which has alot of merit, then this would be worth buying.

The good thing is the book is all about the Aussie market and has loads of examples at the end, he also puts down his actual performance and method, nothing too exciting but looks like it works well.

It also only recently released in 2009 so is quite current, I got mine from the local library but will consider buying it off his website, maybe an x-mas pressie.

I agree - a great read.....very sensible approach to investing...

SamLau · 11 November 2009

The Art of Trading by Christopher Tate.

Covers what a beginner should know.

beaul · 19 January 2010

I found "Trading in a Nutshell" by Stuart McPhee easy to understand and anything by Louise Bedford

newbie trader · 19 March 2010

Was just wondering if any of these books are a good read for a beginner?

Understanding investments: an Australian investor's guide to stock market, property and cash based investments - Beelaerts, Charles.

Building wealth in the stock market : a proven investment plan for finding the best stocks and managing risk - Colin Nicholson

The complete guide to online stock market investing : the definitive 20-day guide - Alexander Davidson

Introducing the Australian stock market : a comprehensive guide for investors - Adam Steen and Keith Kendall

Share trading : an approach to buying and selling - Daryl Guppy

The next step to share trading success - Leon Wilson

Trading secrets : an Australian guide to successful share trading - Louise Bedford

Trading tactics : an introduction to finding, exploiting and managing profitable share trading opportunities - Daryl Guppy

Trading in a nutshell : an Australian share traders' guide - Stuart McPhee

N.T

Shuvalov · 20 March 2010

Reminiscences of a Stock Operator is the best choise.

newbie trader · 20 March 2010

The books I listed are ones that I can find in my university library, hence I can read them for free. That's why I had a specific list.

N.T

nulla nulla · 21 March 2010

newbie trader said:
Share trading : an approach to buying and selling - Daryl Guppy

Trading secrets : an Australian guide to successful share trading - Louise Bedford

Trading tactics : an introduction to finding, exploiting and managing profitable share trading opportunities - Daryl Guppy

N.T

Considering they are a free read, start with these. Guppy doesn't make it overly complex and points he made 10 years ago are still valid today.

craigj · 30 March 2010

just finished reading louise bedfords book
definately recommend it
easy to read and understand

kazzumX10 · 15 April 2010

Are you kidding. Managed funds is a surefire way to losing all your money. You'd make better returns if you trade your own porfolio than rely on those 'professionals'.

luisenoz · 2 May 2010

Hi,
can I ask you, specially to the most experienced and active members, why Frank D's book ("The trader trading, principles of successful trading") it's never recommended within these kind os threads?
I'm curious why his trread is one of the most highly ranked but his books are not so appreciated.

Thanks,
Luisenoz

cutz · 2 May 2010

kazzumX10 said:
Are you kidding. Managed funds is a surefire way to losing all your money. You'd make better returns if you trade your own porfolio than rely on those 'professionals'.

Dunno about that,

I'm sure many traders fail to even match the benchmark.

aramz · 5 May 2010

Newbie Trader,

imo the best book to read first would be darryl guppy's 'share trading' followed by his second book 'trend trading' then leon wilson's book 'the next step to share trading success' which is leon's 2nd book.

That is out of the books on your list although those 3 books are imo a must for any wannabe traders.

Kryzz · 17 May 2010

Can anyone recommend any good macroeconomic books related to trading?

Cheers

Tyler Durden · 16 June 2012

I am currently reading 'The Rules of Wealth' by Richard Templar. I think it is an easy read for beginners, to help them get into the mindset of money and wealth.

I particularly like Rule 10:

Understand that money begets money

There is no greater truth than this - money makes money. It likes clustering together. It breeds quietly and quickly like rabbits. It prefers to hang out in big groups. Money makes money. The rich get richer; the poor get poorer.

...

Once you have some money you'll be astonished at how quickly it can grow. I recommend you understand and learn the concept of compound interest as quickly as possible.

tinytim1 · 22 June 2012

Here is a list of outstanding trading books for both beginners and experienced traders;

the everyday trader.com/trading-books/

amacdo23 · 25 June 2012

I can recall reading Adam Steen & Keith Kendall Introducing the Australian Stock Market.

For a beginner it was a good read, it is particularly good as it focuses on the ASX.
It doesn't go into any great detail but it will set out the basics and get the ball rolling.

It says it is a comprehensive guide and it certainly isn't that. It touches on the basics across the board from making a trade, choosing brokers, tech and fundamental analysis, terminology, and a lot of other aspects you may find helpful.

But if I could offer any advise it would be to read as may books as you can and build your own picture. You won't find one or two books and become a successful trader/ investor over night. You will certainly read some books that make no sense or do little to help but it's information none the less.

Good book for beginner?

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