Nice books for start learning
I got these tips from "come in to my trading room:
STOCKS
How to Buy Stocks by Louis Engel is the best
introductory book for stock investors and traders. The author died years
ago, but the publisher updates the book every few years—be sure to
get the latest edition.
FUTURES
Winning in the Futures Markets by George
Angell is the best introductory book for futures traders. (It is highly superior
to all his other books.) The Futures Game by Teweles and Jones is
a mini-encyclopedia that has educated generations of futures traders (be
sure to get the latest edition). Economics of Futures Trading by Thomas
A. Hieronymus is probably the most profound book on futures, but it’s
long been out of print—try finding a used copy.
OPTIONS
The all-time bestseller on options, and
deservedly so, is Lawrence MacMillan’s Options as a Strategic Investment.
It is a veritable mini-encyclopedia that covers all aspects of
options trading, better than his other book.
The main book on the fundamental analysis
of stocks is Security Analysis by Graham and Dodd. Both authors are long
dead, but the book is being kept up-to-date by their disciples. If you
decide to study it, make sure to get the latest edition. Warren Buffett, a
student of Graham, became one of the richest men in the world. There
is an easy-to-read book that explains his approach to fundamental analysis—
The Buffett Way by Robert G. Hagstrom.
The best review of futures fundamentals is in The Futures Game by
Teweles and Jones. This classic volume is being revised and updated
every 10 years or so (be sure to get the latest edition). It has a section
on the fundamentals of every futures market. Whether you trade soybeans
or Swiss francs, you can quickly read up on the key factors driving
that market.
Cheers
B
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