There is no one fixed stock exchange, just as there is no one place for buying and selling houses. Increasingly, the stock exchange is dispersing and multiplying, with the number of markets proliferating. It is now possible for an investor to deal on Nasdaq in New York, on the Frankfurt stock exchange or to go to an online broker. With such complexity it becomes increasingly difficult to see exactly what and where the market is. It may be easier and cheaper to trade, but is less easy to trade successfully. This book arms the investor with all-important knowledge. It sets out the ground rules and the ways that systems operate - it tells you what is being traded, how it is traded, who does the trading and and lets you in on how to evaluate both the shares and the proponents' claims. In his acclaimed lucid style, Michael Becket cuts through the investment hype and answers questions such as, What are shares and gilts? What are futures and options? How much money does it take to own shares? What does it cost to deal in shares? Where and how can you buy shares? What do newspapers' financial pages mean? How do you pick a share to buy? When should you buy or sell? Whose advice can you trust? There is money to be made and it does not require genius to make a fortune, but you do need care, commonsense, lots of luck and expert advice.
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Many people might see the current global recession as the very worst time to invest in the stock market. But many of the world's most successful investors will insist that a market downturn is the very moment when people should be investing. Given the wealth of material available, how can you strip away the hype, unlock the jargon and demystify the workings of the City as well as the global financial markets? How the Stock Market Works will tell investors, both existing and potential, what is being traded and how, who does what with which and to whom, and how to evaluate both the shares and the proponents' claims.
With brand new material on the more complex derivatives, foreign shares and the use of the Internet in trading, the authors provide a fresh and lucid perspective on an increasingly turbulent market sector, explaining the full inter-relationships between the stock market, the banks, brokers and the regulators.
Despite the credit crunch and a global recession, there is still money to be made. It may not require a genius to make a fortune, but it does need care, common sense, lots of luck and the expert advice contained within this revised and updated edition of The Daily Telegraph's How the Stock Market Works.
Michael Becket is a financial journalist who, for 10 years, was the Daily Telegraph's small business editor.
Yvette Essen is currently the Daily Telegraph's insurance correspondent, but also writes on finance and investment subjects.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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