How to make money in the stock market ? Five Best Books to read

Let’s face it. A lot of people makes money selling advices, but they are neither traders nor investors. It is a fact that very few people understand how the stock market works, and even fewer know how to put it into easy to understand words. The result ? Stock market remains to be the monopoly of the few ‘financially-woke’ elites, the ones who churn out thousands of dollars out of the money-making machine called stock market every day, much to the envy of the novice traders and investors who struggle to earn a dime. The only difference between those ‘financially-woke’ elites and a novice investor is financial literacy.

Being your own advisor

What if you can be your own investment advisor? What if you can make expert decisions about stock market yourself rather than trusting some fake financial advisor to guide you? This is valuable skill to have because it puts you in control of your money. The only way to succeed as an investor or a trader in stock market is to educate yourself about how the market works and become financially woke.

In order to identify opportunities in the stock market without the help of anyone, you need robust understanding of how fundamental analysis works. Unfortunately, shortcuts do not work in the world of investing. Even if you want to make money consistently as a trader, you still need to know how stock market works at a very fundamental level because technical analysis cannot be implemented unless you know some degree of fundamental analysis.

“The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.”

― William J. O’Neil

Understanding Stock Market can help you generate consistent portfolio income. In the below screenshot from my trading account, the green squares represent the days of profitable trade and the ones in red represents days of loses. Successful traders have more profitable days in a given timeframe than losing ones

Understanding Stock Market can help you generate consistent portfolio income. This screenshot is from trading account in Zerodha in 2020 when I was actively involved in stock trading. The green squares represent the days of profitable trade and the ones in red represents days of loses. Successful traders are have more profitable days in a given timeframe than losing ones and in order to maximize your days of profit, an understanding of how stock market works is very important.

Five Best Book on Stock Market Investors and Traders

About Kishlay Singh

Kishlay is an investor, entrepreneur, and travel blogger. Singh is enthusiastic about creating a sustainable economy and dedicates a lot of his time promoting financial education. He believes that unprejudiced access to financial knowledge is crucial for encouraging social equality and creating a sustainable future. Singh loves travelling and loves to share his experience on his blog The Wandering Indian.

Books by Kishlay

Disclaimer

All the information in this page is published in good faith and for general information purpose only. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances. The post contains affiliate link from Amazon.

Understanding Stock Market: The easiest way to understand how stock market works

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