The Practice of Stock Speculation. Niederhoffer W., Kenner L.

The authors of the book are trader-manager Victor Niederhoffer, who is widely known in the world of finance, and Kenner Laurel, an outstanding analyst.

This symbiosis gives us hope that "The Practice of Stock Speculation" is not only a theoretical guide but also has practical value.

While numerous books claim that stock trading is simple, this textbook refutes this assertion and teaches how to organize the trading process.

It's essentially a set of tips and recommendations that help prevent most mistakes.

1. Mum-Jumbo and Moonlight – a general overview of the market and a description of the current situation at the time of writing. Statistics on stock price changes over the past decades.

2. Practical Trading – a section where the authors move from theory to practice. Here you'll learn methods for combating market noise, the basics of building an investment plan, a physical approach to money as energy, and the secrets of negotiating.

After reading the book, I'm left with mixed feelings: I seem to have gained a wealth of information, but most of the advice applies to real-world trading on the stock exchange. Among the useful points, I note the price statistics for exchange instruments and the identification of important patterns.

You can download the book from one of the online stores