Individuals who are new to stock market trading may find the whole affair confusing. Nonetheless, with a handy book, you needn’t be lost. Stock market books for beginners are aplenty, but the ones that matter are a few good ones to depend on for your trading education. Here are 8 of the best books on offer.
1. The Little Book of Common Sense Investing by Jack Bogle
One of the best stock trading books around, Bogle, founder of The Vanguard Group, has a simple message. He recommends you go into trading by keeping costs reduced, investing long term. A bestseller of a book, it offers practical and sensible ways to make money.
2. A Random Walk Down Wall Street by Burton G. Malkiel
The 10th edition of this book is a great read for those starting portfolios from scratch. Trends, bubbles, indexing, the importance of time and patience while trading, and other key concepts are touched upon.
3. The Intelligent Investor by Benjamin Graham
This is the ‘bible’ of investing as far as stock trading books go. One of the reasons may be attributed to the author, Benjamin Graham, mentor to Warren Buffett. The book begins by explanations of the basics of the stock market from the perception of value investors. The first few chapters may not have relevance for the Indian scenario, but keep at it and you will find real value in later chapters.
4. One Up On Wall Street by Peter Lynch
Written by one of the most experienced and successful fund managers of all time, Peter Lynch has an impressive record of a return of 30% (on average) annually on his portfolio spanning 13 years. Considered a classic by trading professionals, this book talks about the preparation that comes before investing, along with the author’s distinctive way to choose stocks.
5. The Warren Buffett Way by Robert G. Hagstrom
Whether you’re on the floor or involved in online stock trading, this book gives you deep insights into Warren Buffet’s investment strategies, all bound for success.
6. How to Make Money in Stocks by William J. O’Neil
O’Neil describes his own system of investing and finding big stock winners. For new investors, this book should answer all your questions.
7. Stocks to Riches by Parag Parikh
A true-blue book for all Indian investors, this guide is simple to follow and is one of the best stock trading books for beginners. Importantly, the author tells you what mistakes to avoid and the advice comes from years of experience.
8. How To Avoid Loss and Earn Consistently by Prasenjit Paul
A book that resonates with the Indian market, you can get a lot out of this book explaining the ins and outs of Indian market mindsets. A great takeaway is the 2-minute strategy Paul advocates, to choose/reject stocks.
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