Suggest me some good book

#1
Hello all!
I have invested in mutual funds only till date. I spent significant time to study about them b4 finalizing my portfolio.
Now I want to try my luck in shares directly, but have no knowledge at all. Kindly suggest some good book to start with; or anything else which may help me in rational investing & making money.
Thanx a lot to all helping hands:thumb:
rm420
 
#2
Since you made a study already... straightly go ahead with analysing few big stocks fundamentals and start with paper trading or may be small investments. You can open a trading a/c with a good broker and you get all teh fundamental data from the brokers terminals itself directly. No need to go for paid stuff and all for this.

You have to make sure that you get those fundamental data in terminal before opening the trading a/c.
 
#3
Since you made a study already... straightly go ahead with analysing few big stocks fundamentals and start with paper trading or may be small investments. You can open a trading a/c with a good broker and you get all teh fundamental data from the brokers terminals itself directly. No need to go for paid stuff and all for this.

You have to make sure that you get those fundamental data in terminal before opening the trading a/c.
Hello!
Thanks a lot for reply. I have knowledge of MFs only & not in share trading, so worried. I have opened D-Mat Acc with India Infoline. Can I go by there tips & advice? I think these service providers always promote frequent buy-sell so as to generate more brokerage. Any idea from where I can start my own study?
thanks
rm420
 
#4
Before trading anything in real do paper trades on broker's recommendations. Since im a technical analyst i wouldnt be able to guide you on fundamentals. Our seniors would be able to do it for sure.

Buy i think you can find out some useful thread on fundamentals in Equities forum. All the best
 

d_s_ramesh

Well-Known Member
#5
India infoline is a good online broker, but tips do not materialize. Nothing like our own analysis. Do not risk hard earned money on other people's advice, take tips, but check with your own rules and systems. If it suits you, only then, go long. Trading is a psychology game. There is nothing like holy grail here. Tips of even the best analyst will fail when you trade, because of various reasons, which are wholly concerned about you. May be you are holding a large positon & you are under loss. The analyst who recomended the scrip will have a different view, where as yours may be different. Like this many others.

The best books on trading are those written by Van K Tharp, Dr. Alexander Elder, Mark Douglas etc. It is a game of Mind, Money & Methodology.
First read some books, form a plan, formulate a system which suits your risk levels, back test your system, paper trade atleast 50 trades. When you have 70% probability or atleast a minimum of 0.20 Risk/Reward, only then trade real money.

Once you have an open trade & it trails, you will immediately get a knot in your stomach if you do not have a clear cut plan of action. So get prepared and then enter markets.

Markets are 'Maniac Depressive', it always waits for an opportunity to suck you, so you should be double smart to pull out money from it.

Do keep in touch. learn, learn, learning will give knowledge & knowledge is always the KING.
 

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