If it’s too good to be true, it probably is. That is an old adage I always remind myself when I see show ports of succesful traders making very good earnings from the stock market. While the stock market may seem so profitable, one must realize that it will only be gained by hard work and time in the market. As in everything, one must continue to learn to do well and it takes time and effort to do that.
I am a book hoarder and when I started venturing into the Philippine Stock Market, I kept on buying books.
Here are the significant books that laid the foundation for my learning:
The Turtle Always Wins by Bo Sanchez
PhP225.00, 120 pages, National Book Store
This is a quick introduction to what is there in the stock market. It gives you tips on the common mistakes you need to avoid in the stock market and generally encourages long term investment in the stock market. Beyond the stock market, the book inspires a change in disposition to save more money and exemplifies how it is to be enabler for others to make money as well.
Stock Market Investing by Jason Kelly
PhP699, 314 pages, Fully Booked
This is a comprehensive yet simple introduction to the stock market. This is a must read for those who know absolutely nothing about the stock market. This one has mostly US based examples.
Stock Smarts:Winning Strategies for Investing by Marvin Germo
PhP 495, 165 pages, National Bookstore
Light reading—This one gives a quick intro on how to select stocks and practical tips on timing and simple winning attitudes and strategies. It is designed for newbies with a section on common newbie mistakes as well. It is very easy to understand and it has Philippine Stock Exchange examples.
I must admit I got a little bit bored understanding Fundamental Analysis which is very important for investors. I felt the above three books on investing are very basic that you need to learn. I quickly jumped to technical analysis and appreciated it better. The best book I can recommend is this:
The Trading Code by Jason Cam
PhP999 + Shipping PhP100, Available by order online https://www.facebook.com/thetradingcode/
It is a very simple guide to technical analysis with Philippine Stock Market examples. A must have!