Best Stock Market Books for Beginners

Best Stock market books

Are you new to stock market in India? You are not sure where to start and how to start investing in stock market? Stock market is an ocean, there are thousands of stocks listed. Then how to choose a stock out of those thousand stocks? There are around hundred sectors and sub-sectors. Are you confused where to start with? Well that’s quite normal and you have nothing to worry about. The solution is very simple indeed. Read some best stock market books and explore some important websites.

Undoubtedly best website in Indian stock market is moneycontrol. There are some other great sites like Dr Vijay malik are there but as a beginner you don’t have to worry about that now. We will discuss about best stock market books for beginners in Indian stock market.

You may finish reading this page in 10 minutes but its implementation will take around a year. And if you take action as exactly stated you will be a completely different stock market investor after a year.

Best Stock Market Books for Beginners

We will be discussing about the books in organised and systematic way based on the requirement of knowledge at different phases.

Here it begins.

Best stock market books on Fundamental Analysis

The first thing to understand about a company is it’s fundamentals. It is not very important to understand company fundamental from a specific book as long as you understand the logic.

There are many books out there in the market. You can pick as you like. As I mentioned it is not very important at this point to read from best of the best books.

How to Read a Balance Sheet by Kakani Ramchandran

Romancing the Balance Sheet by Anil Lamba

Fundamental Analysis for Investors by Raghu Palat

If you have read any of the above books and interested to read more in depth, you can pick one of these books mentioned below. It is not mandatory to read at this point though.

Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports  by Thomas Ittelson
Reading Financial Reports For Dummies by Lita Epstein

Now that you are ready with fundamentals of the company let’s move to technical part.

Best stock market books on Technical Analysis

Applying Technical analysis is more difficult and much wider than fundamental analysis. Grab one or two books given below and try to understand comparing with real time graphs. It will be time consuming initially but it is worth it.

How to Make Money Trading with Charts by Ashwani Gujral

How to Make Money Trading with Candlestick Charts by Balkrishna M Sadekar

You can also select one of the below books where you have to spend a bit of money to understand in details.

Martin Pring’s Complete Guide to Technical Analysis by Martin J. Pring

Technical Analysis of the Financial Markets: A Comprehensive Guide by John J. Murphy

Trade Like a Stock Market Wizard by Mark Minervini

Market Wizards, Updated: Interviews With Top Traders by Jack D. Schwager

And finally one book on trend based investment. Though price is high but Kindle edition can be available as reasonable price.

Momentum Stocks: Investing and Trading on the Stock Market Like a Genius by Analyzing and Understanding the Trends by Matthew G. Carter

Enough of fundamental and technical analysis. Let’s move to human nature and how it impacts stock market decision.

Popular stock market books on behavior

The Little Book of Behavioral Investing: How not to be your own worst enemy by James Mont

Value Investing and behavioral finance by Parag Parikh

Well, next book is not a directly stock market books but it has enough inputs to make wiser decision in stock market.

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb

For success it is not always skills and strategy that matters most, luck plays a vital role as well.

Now that you have enough understanding of bits and pieces. Here is some best stock market books as a whole.

Some best stock market books

Let’s pick some best books on two most successful investors of our time.

Buffettology: The Previously Unexplained Techniques that have made Warren Buffett the Worlds most Famous Investor by Buffett

One Up On Wall Street: How To Use What You Already Know To Make Money In the Market by Lynch

Beating the Street by Peter Lynch

Now few of most popular stock market books around the world.

Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher

You Can Be a Stock Market Genius by Joel Greenblatt

The Five Rules for Successful Stock Investing by Pat Dorsey

Now move to some stock market classics.

Stock market classic books

Note that these books are not for beginners. You should have two years of stock investment experience and knowledge before reading these books.

The Intelligent Investor by Benjamin Graham

Security Analysis by Benjamin Graham

Well third book is not really a stock market but will definitely help to broaden long term perspective of investment.

The Wealth of Nations by Adam Smith

And few more useful books

Emotional Intelligence by Daniel Goleman

Here you can understand why IQ is not everything. More than IQ emotional intelligence is vital factor in success.

Simplicity by Edward de Bono

Everything can be simplified and achieving simplicity is a very hard. One of my favorite books.

Hope you find above best stock market books useful. You can just read this post in 10 minutes but the key is to implement. Buy at least one book and start reading.

And do share with others if you feel this will benefit them.

Don’t forget to read journey of some of the greatest investors in India like Rakesh Jhunjhunwala, Vijay Kedia and Radhakishan Damani.

 

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