Before start trading stocks, you should carry out enough background checks so that you will be well-informed about the field. Just like any other trade, you will increase chances of performing better if you will be fully informed before you enter the field.
There are many sources of information which you can use to stay updated on the stock market. There are several authors who have published books to make things easier for you. The books cover different areas of stock so that you will know what it takes for you to be a successful stock broker or trader. The list of books available is long, but you should take time and read at least the best which will offer you reliable information.
6 Books about Stockbroking You Should Read
1. How to Make Money in Stocks
The author of the book is William O’Neil. The book describes the ins and outs of the system CANSLIM. The book describes all strategies you need to apply for you to find future big gains. It offers a clear guide on how to time your entry into the market and a clear plan on how to exit. The book combines fundamental and technical analysis. It is a great guide for new investors. If you are a beginner and you will like to know the ins and outs of the business before you enter, then the book will offer you all necessary information you need to make informed decisions when handling your money different trades.
2. One Up On Wall St
The book was written by Peter Lynch. It is an investment classic which will give an individual investor great hope. If you will like to invest in CMC Markets, you will learn helpful lessons. The book explains all the difficulties a beginner investor will face when trading in Wall Street as well as tactics which can be applied to get rid of the challenges in the trade. As a trader, you will learn several things you never knew about trading in Wall Street after you read the book. It has summarized all concerns in investors in a clear way. It is among top books you need to read before you take part of your money and invest in stocks.
3. Buffett: The Making of an American Capitalist
The book outlines ways of Oracle of Omaha. It has clear methods which an investor can utilize to make big money. The book teaches on patience which is required to make money on Wall Street. The book has been written in such a way so that it will expose investors to challenges and teach them on how to overcome them. Investors are provided with an opportunity to learn tactics explained in the book and apply them correctly so that they will take advantage of the market. The book was written by Roger Lowenstein.
4. Reminiscences of a Stock Operator
The Author is Edwin Lefèvre. The book narrates how a young boy was able to make great fortunes. It outlines how the boy went broke at some times but through patience he was able to amass a lot of wealth. The book is among motivational books which all time speculating investors can use to make a lot of money. Sometimes investors make losses. They can end up being discouraged, but through reading the book, you will get an encouragement for you to continue pursuing your dream as an investor.
5. Market Wizards
The Author is Jack Schwager. The book contains interviews of several successful traders in the 1970s and 80s. The book offers modern-day traders opportunity to know the experiences of the traders. The traders offer inspirational and fascinating and lessons which modern-day traders need to learn. The stories offered by the traders have a lot of lessons for investors of all time to learn. Since the launch of the book, the author has published four more books. They include books such as The New Market Wizards in (1994), the Stock Market Wizards in (2003), the Hedge Fund Market Wizards in (2012), and The Little Book of Market Wizards (2014) which is a summary of essential lessons from nearly 50 interviews.
6. Trade Your Way to Financial Freedom
The author is Van Tharp. The book encompasses investor psychology and trading system construction. The book offers basics traders need to employ so that they will make profits. It covers useful topics for investors in different levels. Also check out gold investment strategies.