Top 10 Stock Market Books To Succeed

Nowadays, it has become very important to be aware of the world of stock market and invest in it. Due to awareness about finance, today’s young generation is increasingly turning towards the stock market and they have understood that investing and trading the stock market is one of the best ways to earn money. But like any other work, it is very important to have complete knowledge about the share market before investing money in it because as quickly as money is made in shares, losses also occur quickly. Today, there are many free courses, study materials and sources available in social media and market to learn and understand the share market. Despite all this, we need to learn from those experienced investors and traders who have spent almost their entire life in the world of share market and are experts in this market. The good thing is that many books have been written by these investors and traders based on their experience, which can be very useful for new people coming to the stock market to learn. In today’s article, we will discuss some of the best books and will also know from where you can buy them.

The Intelligent Investor by Benjamin Graham

“The Intelligent Investor” book written by Benjamin Graham, also known as the Father of Value Investing, is one of the best books written on investing. This book was first published in 1949 and since then it is the favorite book of every investment and stock market veteran. This book gives us important information for long term investing which is based on Benjamin Graham’s own stock market experience. In this book, Graham emphasizes on the philosophy of value investing. He believed that a stock is not just a piece of paper but a proof of your stake in a company. He would emphasize on investing in those stocks which are trading at a discount to their real value and which have great potential for growth in the future. He had three main principles of intelligent investing – analyze for the long term, protect yourself from loss and do not get too greedy. He calls the stock market Mr. He used to call him Market and he believed that Mr. Never trust the market which can change its behavior at any time in the short and medium term. Therefore, whatever investment formula you have, keep following it and take any step according to long term thinking.

The Warren Buffett Way by Robert G. Hagstrom

As the name suggests, this book is based on the investment philosophy and strategy of the world’s greatest investor Warren Buffett. This book was written by Robert G. Hagstrom and published in 1994. Through this book, he has exposed Warren Buffett’s approach towards the market, his thinking, analysis and principles of value investing. According to this book, we should invest only in those companies whose business model and product we understand and whose market value is less than their intrinsic value. That means the fundamentals of the company are good but due to temporary market factors the stock is trading at a discount. We should pay attention to what competitive advantage the company being invested has over other companies which will help it to be profitable in the long term and remain in business. Buffett is known for his restraint and long term approach. His main principle was to choose shares of a good company for investment and remain invested in it for a long time to get good returns without getting distracted by the ups and downs of the market.

One Up On Wall Street by Peter Lynch

The book One Up On Wall Street was written by Peter Lynch and published in 1989. Peter Lynch was a well-known investor, mutual fund manager and author. He told through this book that people often think that to be a successful investor, a person should be genuine, but on the contrary, with the use of a little logic and common sense, anyone can become a successful investor. Instead of understanding the huge balance sheet of any company or business, focus only on those companies which you know, whose products you use daily and which you can easily understand. Complicating anything only makes investing complex, whereas if seen carefully, investing is a very simple task. Through this book, he has shown three points of investing – 3 stock categories that you should know, if you are looking for a multibagger, then 13 points with the help of which you can find it, 4 important things that you should know. Should be avoided in investing.

Rich Dad’s Guide to Investing by Robert T. Kyosaki

Rich Dad’s Guide to Investing is a great book on investing written by Robert T. Kyosaki. Robert T. Because is a great investor and business coach who has opened the eyes of millions of people with his finance principles in his book Rich Dad Poor Dad. One main thing emphasized in the book is that 90 percent of the world’s money is with 10 percent of the rich people because they invest in those things in which 90 percent of the middle class people do not and what are the means, methods and thinking to do so? By adopting which we too can join those 10 percent rich people. This book will help us know and understand the money cycle and will shed light on how you can fulfill your dream of financial freedom with the right investing techniques.

The Market Wizards by Jack D. Schwager

One of the best books written based on share market experiences is The Market Wizards. This book was written and published in 1989 by Jack D. Schwager, a futures trader and successful hedge fund manager. This book has been written on the basis of interviews with some of the great traders of history and it shows how these people took their small capital to great heights by trading and investing in the market on the basis of their skills. This interview makes us aware of the thinking of those great traders who have set new records in the market through their thinking and skills and from whom we need to learn a lot.

Trading in the zone by Mark Douglas

Trading in the Zone book is written by Mark Douglas and it was published in 2001. This book focuses more on improving psychology and mindset to be successful in the share market. Through this book, Mark Douglas says – In the market, it is more important to master your psychology rather than analysis and strategy, because this is what helps you in decision making and controlling the outcome of trading. Almost every trade involves risk, but a successful trader is not the one who acts right every time but is the one who understands the market situation and accordingly enters into any trade keeping his risk in mind. . Like any other field of business, in share market also you have to work continuously and improve your mindset so that you remain disciplined and do not take any step due to emotions.
According to Douglas, we should consider trading as a business and also keep in mind that like every business, success in trading also does not happen overnight, for this we need skill, ability and patience.

Come into my trading room by Dr. alexander elder

Dr. The book Come into my Trading Room, written by Alexander Elder, works as a complete guide to financial and stock market. Dr. Elder was a well-known psychiatrist who brought to the public a different approach to trading and emphasized on working on psychology and mindset to be successful in the stock market. In this book, he has combined his psychology expertise and trading strategy to become a successful trader. He emphasized on the importance of three M’s, Mind, Money and Management and how these three play an important role in your trading journey. The first m, mind, means your mindset, the art of learning and changing with time. Second m, money i.e. money or initial capital through which you trade or invest in the market. Finally, the third m means management on which your entire trading setup works. Because if there is no management and discipline in your trading then it will remain just a gamble. Apart from this, this book focuses on the practical side of trading like planning your trades, using different time frames and working on your mindset as the market changes over time.

The Art and Science of Technical Analysis by Adam Grimes

The book, published in 2012, was written by renowned trader Adam Grimes. As the name suggests, this book is based on the basics of technical analysis, its logic and why it works in the stock market. Technical analysis means finding out the possibility of the share price increasing or decreasing in the future with the help of different patterns on the candlestick chart of the share. It is often said in the stock market that the market repeats history and works in trends and on the basis of this, the price action i.e. the movement of the share price can be tracked. In this book, the author has covered some main topics which are – Trend, Pullback, Treand analysis, Indicators, Rate of trend, Support and Resistance and Breakout etc. All this is the term of technical analysis and is used to do the same. According to the author, a trader has to find his edge i.e. what works for him in the market, and improve his skills by working on a single strategy. This book helps every beginning trader to understand the basics of good value and technical analysis.

Conclusion

All the books mentioned in this post have been written inspired by the lifelong learnings of experienced traders and investors. If we read these books carefully, we can learn a lot from them. It is also said that to learn anything quickly, learn from the experiences of others and avoid repeating the mistakes they have made. We hope that you will find the information given in this post useful and you can read our post for basic information about share market.