Irrationally mad decision making to obtain the American Dream.

Recommended stock market books for beginners

Jordan writes January 14, 2007:

I love your blog. I would love to participate in the millionaire in 10 months, and billionaire in 20 months. My only problem is that I’ve never traded or have ever had stock before. I would love to learn the stock market and the art of trading, but just don’t know where to start. Any advice? Do you recommend any particular books?

Thanks,
Jordan

Finance Ninja answers:

Thanks Jordan for the e-mail.

Jordan,

I can’t give you any real advice because I’m not a licensed professional and I haven’t had long-term success yet, but I suggest to read stock market books, books on options, charting, and economics. Do that first. No need for costly seminars just read and watch the market and learn daily. If you’ve never traded doing what im doing might be a costly experience as i’ve described in previous blogs about my trades for the past 4 months besides the ones the past 3-5 years. I’m trying to create a booklist on my site for beginners and some are below. www.Amazon.com is awesome to find books new/used. Just look up the book then it should say “these used from” buy those they are cheaper.

I recommend Profitable Candlestick Trading by Bigolow, Introductions to Options, Technical Analysis by Pring. If you have never taken a financial class or seminar read Rich Dad Poor Dad if you are really new to financial thinking. It’s a 5th graders book but it’ll get you motivated he also writes Rich Dad Poor Dad’s Prophecy. I read Rich Dad Poor Dad in highschool 6 years ago while getting into network marketing where “positive mindset” books were your daily reading homework to keep you in the game and boy you need it! There are a lot of good books out there. I have currently a stack 20 economic titled books I haven’t even got to yet I got off amazon.com to take with me during patrol.

You can also goto your local library in your town and request them if they don’t have them. It takes probably less time to get them through mail and its free. The most expensive is Profitable Candlestick trading bran new. I went to a class after a couple years trying to make it on my own. If you live on the east coast and want to go to a very informative couple of classes on how to invest not necessarly just how to buy and sell options you might like what I attended. If you want that information just email me. It is worth it. I trade off NO systems just homework. If you want to blog on a stock you want to learn about I’d discuss it as a blog topic on my site if you want. Like I said I’m not a professional and cant’ give you financial legal advice, but from what is stated above in my answer that should be a good start to get you wet.

Regards, the Finance Ninja

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6 responses

  1. The book I read for the bare basics of how the stock market works is called The Little Book That Beats the Market. It is very easy to read and quite entertaining while being very informative. It also offers one of the many strategies that there are to invest in the stock market.

    January 16, 2007 at 6:37 pm

  2. OHH I am amazed with it. It is a good thing for my search on the net. Thanks. ^_^

    June 1, 2009 at 5:37 am

  3. The first edition of Stock Market Magic: Building Your Apprentice Millionaire Portfolio authored by Jack A. Bass, was published in March 2012. This review is based upon reading that edition and the author’s stock market letter at http://www.amp2012.com

    This comprehensive volume (some 500 pages ) offers the reader the nuts and bolts as to what the Apprentice Millionaire Portfolio strategy is based upon – investing , trading and selection.

    While many investors today talk about an “ investing” style, I challenge how many have actually developed their own criteria – here in this 500 page volume is a written system and series of selections. Many of the basics have stood the test of time. The volume also allows for junior companies to be considered with the “ blue chips” of each sector. More than 150 companies are profiled.

    The books offers Watchlists of stock selections in a variety of sectors such as energy and precious metals. This will allow the reader to create a portfolio in line with the AMP process and thinking. In that way a great deal of hard work has already been done.

    It should be noted that the book contains information on how to analyze a wide variety of stocks. Actually a great proportion of the book is devoted to giving the investor the basic thesis of why an industry such as energy was chosen and why particular stocks are the top picks for each industry or sector analysis. Information is in a clear and readable format.

    Different from Graham and Dodd’s disdain for “speculators,” or what we might call “traders” the author gives actual trades to back up the assertion that not every selection has to be made until “ death do you part “.

    Stock Market Magic : Building Your Apprentice Millionaire Portfolio is a “must have” book for any serious investor’s library.

    The E-book Apprentice Millionaire Portfolio is available on amazon.com

    The print edition of Stock Market Magic: Building Your Apprentice Millionaire Portfolio is AVAILABLE NOW ( 500 pages soft cover )

    March 10, 2012 at 11:14 am

  4. Mika

    “The small stock trader” by Mika is also a small unique book that covers almost all the major stock market topics such as the traits of a successful small stock trader, how to choose a few simple focus stocks, market sentiment and industry, fundamental analysis, technical analysis, short selling, your edge and competition, catalysts that move the stock prices, stock trading plan, discipline, risk management and psychology. It is a simple book of about 100 small-sized pages (more like a collection of tips, perhaps 4-5 hours read), but it will answer many of your questions, so, it is a great book to start (no need to mention that about 90% of your lessons you are going to learn from your own experience/mistakes). It is also a fun-to-read book, as it is accompanied by a few jokes and observations from poker, intelligence world, relationships, happiness, Zen, and psychology.

    April 22, 2012 at 7:36 pm

    • I don’t understand. If you are going to spam this post with your book can’t you at least leave a link back to buy it? I searched in on google and it doesn’t exist. I’m quite confused with your marketing strategy sir.

      April 24, 2012 at 10:47 pm

  5. Here is a list of excellent trading books;
    http://www.theeverydaytrader.com/trading-books/

    June 22, 2012 at 6:44 am

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