- Author: Raj Chawla
- Genre: Finance
- Paperback: 400 pages
- Publisher: Prabhat Prakashan; First edition (2018)
- Language: English
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In this book, I have tried to cover the fundamentals of Investing, Trading and Speculating with case studies and real-life stories to help explain the context in a relatable way. Most of the case studies, stories and commentary are based on my experiences in the rough-and-tumble world of financial markets. Financial markets are basically comprised of different kinds of people and their varied way of thinking. One has to look into the psychology of human beings, as this is vital to understand when functioning in the financial markets. The most common psychological traits such as fear, greed, bias, emotion, and overconfidence affect investment decisions, which in turn affect the traders and speculators.
Stock Markets has been a subject instilling confusion in me. I always flounder at understanding the intricacies of finance and baffle at how the whole system of money exchange works in the big markets. This book came as a respite for me to understand and assimilate some vital concepts.
Investing, Trading & Speculation in India is an excellent book on the subject of stock markets. Written in a lucid language with supporting evidence and anecdotes make this book a truly informative read. The book is divided into 4 parts – Investing, Trading, Speculation & Summing up (conclusion). Each part has been divided into chapters which are short and contain a single point so that it is easy for the reader to grasp the concepts.
Part 1 – Investing begins with an anecdote describing the importance of investing. It is good to earn loads but it is good to distribute it too. The author goes on to explain the different types of markets. Part 2 – Trading seems to be an easy job but it requires constant learning. Before venturing into trading, one must assess one’s capabilities. The book also outlines the essentials of a good trader. Part 3 – Speculation sounds like an easy means to earn money but in reality, it requires a strictly professional approach. In all, one has to have good analytical skills and patience to be in the league of successful speculators.
The author charts the journey of the stock market in India. He quotes examples to drive his point home. Several technical terms have been explained well so that the reader doesn’t find himself struggling with the jargon. The writing style is simple and easy to comprehend. Moreover, the author doesn’t stick to only typical discussion of finance but also supplements it with how we could relate it to our life, in general. That makes this book a wonderful book to go through for the ones interested in finance and eager to learn the nuances of the stock market.
Overall, this book is no doubt an informative book to dive into the stock market of India.
MY RATING: 4/ 5
BUY YOUR COPY Investing, Trading & Speculation in India