How the Stock Market Works

Praise and Reviews'Almost everyone has a stake in the stock market, directly or indirectly, yet ignorance about how it works is widespread.This book is not just for investors, but for anyone who wishes to understand our financial system, and how we all fit into it.'- Neil Collins, Daily Telegraph City Editor'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.'- IndustryAt times of fluctuating share prices and changes in trading, an investor needs to know enough about the stock market to ask the right questions, make the right choices, and not to be taken in by sharp salesmen. Here is the grounding to strip away the hype and unlock the jargon.This fully revised new edition will tell investors 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.In his acclaimed lucid style, Michael Becket cuts through the investment hype to answer such questions as:What are shares?What are gilts?What are futures and options?What about overseas shares?How do you pick a share to buy?Whose advice can you trust?When do you sell a share?There is money to be made and it does not require genius to make a fortune, but you do need care, common sense, lots of luck and the expert advice of How the Stock Market Works.