Book review: The naked trader
After some delaying, I’ve finally managed to read the Naked Trader: How anyone can still make money trading shares. No, I’m not going to invest all my finances in trading. Why? Well, because I’d only be able to buy 5 or 6 shares :) Thanks for asking!
Ok, so I needed to get some concepts on how things work in the financial markets and I ended up buying two books on the subject. This was one of those and I can say that, overall, it’s really an interesting read.
The author of the book is British, so you’d better get ready for some British humor. You’ll find lots of references on toast and tea :) If you’re not into shares, then this is a good book because the author uses a relaxed writing style and explains you several of the important concepts you need to know if you want to take your chances on the financial market. There’s advice on how to interpret market signs. Interestingly, most of the advices are really based on common sense (you’d think that the guys that put their money on the stock market would have that, but it seems like that isn’t really what happens with most guys).
Besides shares, there’s also some info on spread betting, which I found interesting (who would have thought that you could bet on shares going up or down?). Overall, I’m giving it a 7.5/10.