Finance Not for Financiers: A Book for Investors, Traders, and More

You often hear that to trade Forex or the stock market, you don't need to be a financier or economist; analytical skills are enough.

While this is true to some extent, a future trader will never need fundamental knowledge of economics and finance.

Understanding the basics of financial analysis and capital management can make your investments more effective and profitable.

Today, you'll read a book on this topic. Unlike similar textbooks, it's designed for a general audience, hence its title: "Finance Not for Financiers."

As the author says, "It's written in layman's terms," ​​meaning without excessive use of specialized terminology. The style is more easily understood.

Another special feature is that the book was written by a woman, Lyudmila Yarukhina, who was able to cope with the task at hand.

Brief summary of the content:

Financial statements – What is it and what information can be obtained by reading the balance sheet and income statement. Practical examples.

Financial analysis made easy Why financial analysis is conducted, and most importantly, where to find the information needed for it. The indicators and methods of analysis discussed.

Cash management – types of cash flows and their management, everything about the company budget, cash management map.

Working capital management – what the structure of cash consists of, the main cycles of working capital.

Inventory management – what is the essence of inventory management, the concept of turnover and profitability.

Accounts receivable management – what is called accounts receivable and what role does it play for a company, management of this type of balance sheet asset.

Profit management – how to increase profits by reducing costs, the difference between marginal profit and net profit, and the break-even point.

Reporting for the owner – what you should pay attention to and what types of reports will be most important.

Overall, the book is quite useful, especially for someone new to finance and accounting. For a trader, the first two chapters will be the most interesting and useful.

Download Finance Not for Financiers