Tuesday, October 10, 2017

Learning about investing

Hey guys, I'm in my early 20s and up until recently, was fairly ignorant about the stock market. My uncle gave me a book when I was in high school called "a beginner's guide to short term trading" and I only recently actually read the thing. The book was mainly technical analysis and I was drawn into the idea that you can look at a chart and make predictions about the future of a stock based off of past price patterns. The first time I questioned the book was when it recommended drawing Fibonacci lines. I thought to myself, "that's basically new-age type thinking". (hopefully I haven't offended anyone yet). The more I did research, the more I came to the sad conclusion that I don't believe there's any book that can offer some kind of system that will consistently "beat the market".

I want to erase the bad habits and that kind of thinking and learn more about fundamental analysis. I don't want to "Play" the market or be a "trader" but I want to be an investor. I find myself overwhelmed and drowned by books and opinions of systems and snake-oil advice.

So my question is can someone point me to a book/books that is realistic about investing in the stock market?



Submitted October 10, 2017 at 01:52PM by SgtScruggs http://ift.tt/2zd0sSv

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