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"This book cuts through the institutions' mystique with basic information for the amateur... covers all the important issues and takes a sceptical swipe at the pretentious jargon employed by the so-called experts."
Now more than ever, people are being affected by the fluctuations in the global economy and by financial uncertainty – with major impacts on their savings, portfolios and pensions. Fully updated for this fifth edition, How the Stock Market Works tells investors what is being traded and how, who does what with whom, and how to evaluate a particular share or bond in light of rival claims from critics and admirers.
Although using the British stock market as an example throughout, and a short chapter on British taxation, the book covers the fundamentals of what stocks are, how they are traded and how stock markets work. Covering the practical consequences of being a shareholder, the book is a useful reference for those new to investing.