Introduction
The beginner’s checklist for the Indian stock market: A primer for buying, trading, and investing in stocks. With the knowledge you gain from these books, you will be able to take your education and investment journey to a new level.
The Intelligent Investor – Benjamin Graham
The Little Book of Common Sense Investing has become a revered classic and is the basis for a lot of modern investment advice. The book will teach you to invest in line with your values, embrace market fluctuations, and ignore short-term volatility. It is likely to earn you more money over the long haul than other available investments; indeed, even over other investment strategies. If you want your investment decisions to be grounded in logic rather than emotion, this book is for you.
Let’s Talk Money – Monika Halan
If you are looking for a generic book of investment, this book will be useful. The book covers everything from personal finance to household finance. It is divided into three parts in each chapter, where the author has explained it in a very easy manner.
The Warren Buffet Way – Robert G. Hagstrom
The Warren Buffett Way to Invest by Robert Hagstrom is one of the best books on the Indian stock market. It highlights how you can make your investment become a successful one. If there is one book that makes me feel that buying shares of stocks is a fun activity, this is that book.
One Up On Wall Street – Peter Lynch
Regardless of the way the book is, you’ll find it to be helpful if you are making your first attempts at stock trading investment. From the simple test of reading a part or two of the book, you can learn about investing in stocks strategy and investing for beginners.
Trade Like A Stock Market Wizard – Mark Minervini
Most people will not be able to replicate the performance shown by the author. It will take lots of hard work and effort on your part to become a stock market wizard. So, if you are someone who is willing to put in the effort, you should definitely buy this book.
Stocks to Riches – Parag Parikh
I enjoyed reading this book and I’m sure that you will too. Even if you don’t plan on being an active participant in the Indian stock market, learning about it could help you understand the current market environment better. The book does a good job of laying out the complexities of equity investing, making it one of the best choices for beginners interested in learning how the market works.
Common Stocks and Uncommon Profits – Philip A. Fisher
The book will enable you to understand how to analyze and interpret tables and financial reports. It also gives a clear understanding of the overall scenario in the Indian market. The book is a must-read for those who are interested in stock investment.
Bulls, Bears, And Other Beasts – Santosh Nair
A stock market is a place of pure whimsy, where the most enthusiastic and optimistic participants are convinced that they will get rich very quickly and never have to work again. Those who succeed with this approach often do make money initially, but the profits are short-lived. People need to remember that the stock market isn’t like gambling, you can’t just put your finger on it and press a button to get rich. Your money needs to be placed in reliable investments if you want a long-term payout. Given these changes in the Indian market, it would make sense for you to learn about recent trends in this market so that you don’t lose your shirt (like countless others have).
Rich Dad Poor Dad – Robert Kiyosaki
The first thing we come to realize when we look at this book is the fact that it is not a primer for rookies. The author takes no time in explaining things to you, and I mean that in the positive sense of the word. You will not feel patronized by the author, who is known for distilling complex financial concepts into bite-sized nuggets of information, and then repeating these over and over again. The book is to the point and has been structured as several individual lessons all pertaining to different aspects of day trading.
Bottom Line
The only right way to succeed in stock market trading is to accumulate a basic knowledge of it. Start by reading any of the above-mentioned books, taking your time and absorbing all the information you can. Once you have read one or two of these books, you’ll begin to see patterns within the market and better understand how it works and how to successfully create and meet your goals.
