The most versatile and easy way for any beginner to start learning the basics of investing is from books. With a book, you are not tied to a specific time; you can always put it aside for a while or read at a convenient pace. The main thing here is to choose the right books to help answer the question of how to start forex trading.
Benjamin Graham’s “The Intelligent Investor”
In The Intelligent Investor, Benjamin Graham makes every effort to persuade the reader that excessive optimism is beneficial outside of the stock market, where it will invariably result in catastrophe. This is the main reason this book received the highest rating from us. The author makes it quite plain that you are almost certain to lose money when you join the stock market unprepared and without clear instructions since the whole business is working against you.
Jeremy Miller “Warren Buffett’s Rules for Investing”
The author of an investment column named Jeremy Miller dedicated his book to the visionary, guru, and financial expert Warren Buffett. It includes letters Buffett wrote to colleagues and business partners in which he discussed the outcomes of his research and went into great depth about his investing strategies. The topical organization of the letters is present, along with a study of Buffett Partnership Limited’s history as a highly successful business formed by Buffett in 1956. The book will teach the reader how one of the most significant financial figures evaluated his investments’ success and how he was able to achieve such an astounding accomplishment.
Michael Lewis’s “Liar’s Poker”
This is a tale of investment banks amid the world financial crisis. Michael Lewis, a master of the “documentary business thriller” subgenre, recounts his hero’s career at Salomon Brothers, the world’s most influential and successful investment bank at the time. The protagonist of Liar’s Poker begins as a regular trainee and ascends through a challenging, terrifying, and fascinating road to the top of the financial pyramid. This is a straightforward account of human ambition, avarice, and a fixation with the bond market.
There are many different sources of information to help you understand the principles of the investment process, but the best is literature for investors. After reading this literature, you will know exactly what investments are and how to start investing in forex from scratch, get acquainted with trading, and successfully take your first steps.
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