10 Best Books to read to know about the best Stock to buy in 2021
The stock market offers an unparalleled proposition to investors willing to take risks. With numerous opportunities to earn a substantial profit, both novice and experienced investors find it tough to resist the temptation. However, knowing which is the best stock to buy is not an easy task.
One must have extensive knowledge of the market before even dipping the toes in this industry. Without adequate information, it can quickly become a real nightmare for amateur traders. If you have researched the stock market, you will find out that most prosperous investors prefer to read books. That is because understanding the fundamentals of the market is crucial for surviving in this industry.
Top ten books to read for the best stock experience
In order to make you more aware of this volatile market, we have made a list of the top books. These books will not only offer you a vast knowledge of the stock market but also give you valuable suggestions and tips for Best stocks to buy. Moreover, you can also know more about the various risks and understand different ways to build up your investment portfolio.
- The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel
| Penned by Morgan Housel, The Psychology of Money explores nineteen stories that reflect on the perception of people about money. In this book, the author debunks the notion that all business decisions have only scientific or mathematical roots. In contrast, people tend to make decisions pertaining to finances based on various factors. These include emotions, incentives, world perception, and more.
Here, you can understand the different ways that you can make smarter choices when it comes to finances. It is futile to pretend that we can take the best ROI-optimized decisions all the time. In fact, your psychology can actually compel you to take drastic steps.
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- How to Day Trade for a Living: A Beginner’s Guide to Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
| Andrew Aziz’s autobiographical “How to Day Trade for a Living” offers real-life experiences to the readers. Here, one can share the joy and pain of the author while also understanding the nuances of day trading.
The author here shares his trading experience as a novice. While he gained a substantial amount due to luck, he lost a lot within a second. That is exactly why a deep understanding of the trading strategy is essential. Moreover, the book also offers information on vital trading strategies that can be used in daily life. However, he also emphasizes the fact that practice and the usage of the right tools can lead to profitable trading.
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- The Intelligent Investor by Benjamin Graham
| One of the most popular stock books that have gained a place in a majority of the trader’s bookshelves is The Intelligent Investor. Launched in 1949, author Benjamin Graham offers massive information on his highly acclaimed value investing approach. The notion was to find plans that would work long-term. It was better to use these strategies and make the portfolio safe rather than taking unnecessary risks. Moreover, the book also focuses on explaining principles with examples for better understanding.
Even after more than seven decades, the book is still highly popular. It is still favoured by investors that want to find long-term plans.
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- Basics of Indian Stock Market: Learn Markets from Scratch by Angshuman Adhikari
| The Basics of Indian Stock Market is a crash course on the fundamental aspects of the stock market. It is specially written for beginner traders and investors who are eager to step inside the Indian stock market. Here, one can understand the various terms and lingos associated with this finance sector.
Since the fundamental concepts are the same in the case of both overseas and local markets, this book can help you get an understanding of both the stock markets. Apart from the basic terms, the book also offers information on the services and products. Moreover, you can also know the things to do and avoid while making trading decisions.
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- The Warren Buffett Way: 3rd Edition by Robert Hagstrom
| The third edition of The Warren Buffet Way aims to be a timeless classic. While the previous two editions were notably excellent, the third edition makes some pivotal changes. Here, author Robert Hagstrom focuses on the strategies that acclaimed investor Warren Buffett made.
With exceptional writing skills, the author narrates the motivational life story of Buffet. Can you imagine building a multi-billion dollar empire from a mere $100? While it sounds implausible, that is exactly what Warren did. The book also offers extensive information on the differences between trading and investing. It also shares some of the success stories of disciples that followed Warren Buffet.
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- One Up on Wall Street: How to Use What You Already Know to Make Money by Peter Lynch
| Peter Lynch, known for his well-earned reputation in the stock market, is the author of One Up On Wall Street. Before focusing on the book, one must research the credentials of Lynch. He is an enigma in the investment world and was responsible for the increment of the assets of the Magellan Fund from $18 million to $14 billion.
The book focuses on the benefits of adopting long-term strategies when it comes to investing in stocks. Reviewing the financial statements of a company is the best way to decide if investing in the stock is worth it.
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- How to Make Money with Breakout Trading by Indrazith Shantharaj
| With more than ten years of experience in dealing with stocks, author Indrazith Shantharaj makes some startling points. Being a full-time trader gave him the opportunity to study the Indian stock market intimately. As a result, the book is detailed but easy to read.
The main focus of this book is on breakout trading and understanding if a breakout opportunity is real or false. It is vital to make the differentiation to make lucrative trading decisions. Apart from this, the book also offers information on how to take exit successfully and the reasons even seasoned investors can make mistakes. Moreover, it also provides ten crucial lessons necessary for trading.
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- How To Swing Trade: A Beginner’s Guide to Trading Tools, Money Management, Rules, Routines and Strategies of a Swing Trader by Brian Pezim
| Brain Pezim’s “How to Swing Trade” is an excellent source of information for swing trading. For those who don’t know, swing trading is the strategic approach where traders hold stocks over a period of time. This can range from 24 hours to more than a few weeks. The book is designed to help both amateur and experienced traders.
While novice traders can absorb all the information available, seasoned ones can hone their existing strategies. Here, one can know more about the tools that are vital for swing trading. It also offers more information on trading risks and management of finances.
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- How to Avoid Loss and Earn Consistently in the Stock Market: An Easy-To-Understand and Practical Guide for Every Investor by Prasenjit Paul
| Do you know which the Best Stock to buy today is? Well, Prasenjit Paul’s “How to Avoid Loss and Earn Consistently in the Stock Market” answers the question. Here, the author stresses the fact that purchasing top-quality business stocks is the only lucrative way to gain profits. However, here one also has to focus on the best price and the necessary time period to hold them for.
The book focuses on offering tips to traders in order to avoid costly losses in the market. Moreover, it also explains that, in contrast to popular belief, the stock market is actually not risky.
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- How to Make Money Trading with Candlestick Charts by Balkrishna M. Sadekar
| The best way to make profitable trading decisions is to understand technical analysis. For that, extensive knowledge of technical charts is essential. Previously used by the rice traders of Japan, the candlestick signals have quickly become widely popular in the world of the stock market.
In this book, author Balkrishna M. Sadekar offers a detailed explanation of how the candlestick technique can be used to make more money. Here, you can understand the ways to recognize the candle signals and then use them. Moreover, you will also know how to use it in combination with other techniques for making the best trading decisions.
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Conclusion
In essence, the stock market is a lucrative opportunity to earn a significant amount of money. However, it is vital to keep in mind that the market is tricky to navigate and can result in unsubstantial losses if you are not careful. That is why knowing extensively about the finance market is crucial.
For this, you can take the aid of books. While the information on the web can help you out immensely, knowledge derived from books is undeniable. However, there are numerous books available in the market that can cause confusion. That is what led us to make the compilation of these top stock market books. You can have all the information you need for Best stocks to buy today. Happy trading!
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