Trading and Investing for Beginners: Stock Trading Basics, High level Technical Analysis, Risk Management and Trading Psychology
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| Format |
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| Pages |
440 |
| Published Date |
2022 |
Trading and Investing for Beginners will help you to develop the essential skills you need to trade in financial markets. Usually these are dealt with separately, but one of the major advantages of this book it that it takes a comprehensive perspective and covers all the key elements in a single, mutually reinforcing package.
Author’s Note:
The first part of the book will deal with a subject that is not usually covered in books like this but is inextricably linked to trading: financial literacy. If we want to invest or trade we need money. This section will introduce some of the most important concepts for becoming more financially intelligent as well as practical recommendations to improve our finances. The second and third parts of the book focus on the core of the required theoretical knowledge. We will learn about the history of financial theories in order to determine the nature of markets, we will study the characteristics of the main investment products, the main types of market agents, and discover how prices are set, as well as all the fundamental concepts necessary to understand the way that markets operate. The fourth part is the key topic of the book: technical analysis. This part aims to provide the necessary knowledge to build a winning strategy, the first of the three main principles that will determine our success.
We will cover the basics of technical analysis: chart types, the price cycle, market conditions, how to correctly draw lines etc. And we will also present the three methodologies that make up what I have dubbed a high-level technical analysis: Price Action, Volume Spread Analysis and the Wyckoff Method. Obviously, we won’t be able to go into the minutiae of each of the proposed methods, but the most important concepts will be explained so that the reader can decide which one they should subsequently specialize in.
The fifth part will deal with the second of the three fundamental principles, risk management. We will learn key concepts about money management that will help us minimize the risk of bankruptcy and we will learn to carry out more professional position management. The sixth part deals with emotional management and with it we conclude the third fundamental principle that will help us tip the balance in our favor. Essentially, we are going to focus on creating a statistical mindset which is as objective as possible. To do this, we will identify the negative emotions that distract us from our goals as well as the positive ones that bring us closer to them; and we will gain an understanding of the main cognitive biases that we may fall victim to, so that we can avoid them.
The seventh part will cover certain aspects of business management that are often neglected; such as developing a trading plan, correctly recording trades, as well as recommended guidelines for periodically reviewing our performance and implementing improvements. In the eighth, and final, part of the book, we will dive into the practicalities. I will recommend some of the best tools and resources available to us that can help during real trades.
I once again want to emphasize the importance of keeping expectations low and applying common sense to what you do. Neither this book, nor any other, nor any course, mentoring session or specialization will guarantee that you become a successful trader or investor. This is a path that requires knowledge and experience. The first part –knowledge– begins here and now, with the essential content you will find in this book. By studying this, you will have laid the first foundation stone, you will have already taken the first step and you will be in a position to start studying intermediate and advanced resources. But even once you have acquired all this knowledge, this won’t be enough. You will still need experience. And for this there is no possible shortcut. You can only acquire experience with hours of screen time and hard work. I wish you good luck on your journey.
Contents:
- FINANCIAL LITERACY AS THE FIRST STEP TO INVESTING
- TRADING IN FINANCIAL MARKET: THE BASICS
- TRADING AND INVESTING USING COMMON SENSE
- TECHNICAL ANALYSIS FAST TRACK
- RISK MANAGEMENT
- EMOTIONAL MANAGEMENT
- BUSINESS MANAGEMENT
- FROM THEORY TO PRACTICE
Trading and Investing for Beginners: Stock Trading Basics, High level Technical Analysis, Risk Management and Trading Psychology By Ruben Villahermosa pdf
17 reviews for Trading and Investing for Beginners: Stock Trading Basics, High level Technical Analysis, Risk Management and Trading Psychology
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Idris Miles (verified owner) –
Really well written and with all the info you need to start. Looking forward to buy also the other 2 books from the series
Maggie Wu (verified owner) –
Good book. ❤️
Lydia Chambers (verified owner) –
Great explanations when starting out as a would be trader
Holden Ball (verified owner) –
Great introduction for an individual with no trading basics.
Abby Whitney (verified owner) –
This book is very well written and the author knows is subject really well and explains it in a clear and concise manner.
Kyson Donaldson (verified owner) –
This is the first in a series of three books on investing by RV Chaves. I bought it because I want to retire and my pension isn’t enough to live on so I am looking for a way to boost my income before I blow all my savings.
If you’ve never invested in stocks and shares, real currencies or cryptocurrencies, this is a good, up to date introduction to a world where you can win big and lose bigger. The author not only introduces the main markets where fortunes are won and lost. He also covers the most important things for a beginner: managing risk, managing your money and managing your emotions. The key is to develop a plan and stick to it, then tweak it as your experience grows and markets change. Keep a journal – an accurate record of what you did and why. Then learn from that journal. What you must never do is pile in on a whim or follow tips from so-called experts. And never try to punish the market by desperately trying to win back a loss. Take it on the chin. Be patient, be stoical.
There’s a lot of good stuff here but be aware that the author has an agenda. As he admits, his particular area of expertise is the Wykoff Methodology, and this is where he leads us. Richard Wykoff was a trader in New York who died in 1934. Nearly a century ago he developed a system whereby the small retail trader could track what the big players – the market movers – are doing and copy them. This first volume gives us a flavour of Wykoff. I’ve seen people on YouTube offering courses on what seems to be the Wykoff Methodology. They don’t use the term as they pass off the ideas as their own and then charge you a grand for peddling someone else’s ideas. With this book and the other two in the series, you get the full dosage of Wykoff for around 65 quid. It’s excellent value.
Jeffery Wong (verified owner) –
Not recommended
Dominick Peters (verified owner) –
This is the book you need to read if you want to start your journey of investing in stock market.
You will learn 4 Winning Trading Strategies that will blow your mind. You will learn about inflation, assess, liability, risk management, psychology of investing, Trading plan and much more!
Reading this book will save a lot of your time which is so helpful in the starting. This book will help you increase your income.
I really liked the book, it is easy to understand and written in simple language so if you are a beginner investor you will understand it easily.
Mira Hopkins (verified owner) –
Explains the basics in a clear way
Leila Drake (verified owner) –
Everyone needs a book like this when starting out.
Jalen Houston (verified owner) –
It will cover a wide range of trading aspects from concept to trading psychology to risk management. I would say this book cover a good 70% of the material one would have to read to pass CMT Level 1. Apply this in every trades and you will improve your P&L. A basic book but it will help you a lot as it is the corner stone for the other 2 books of the series.
Adelaide Noble (verified owner) –
A must read for beginners who want to start off in the journey of currency trading. It’s give majority of what is important when starting off how to advance.
Alessandra Tate (verified owner) –
The language used in this book is easy to understand for a trader that is just starting his/her journey into trading.
Natasha Walton (verified owner) –
This book is what I’ve been looking for. Filled a lot of gap in my understanding of levels in TA and how to execute them properly with the use of market data instead of guessing which level to trade. 5/5
Ali Myers (verified owner) –
Basic information for trading but author covers a lot of information. Good introduction on how to start trading in the stock market.
Dalton Norton (verified owner) –
This book is a must read for those beginning there trading journey or even someone who has struggled with a working method. I can say these techniques have helped my win ratio, tremendously. Can’t thank Ruben enough.
Rene Wagner (verified owner) –
I already read The Wyckoff Methodology in Depth, and decided to read this book since it was the first book in the series and would give me a good foundation and further understanding of the content in the other books. I have to say it was a good read. The content helped me further understand the basics I thought I understood and helped me confirm my understanding of risk and trade management. I highly recommend the book to anyone looking to start trading.