How the Stock Market Works provides a clear, insightful and practical explanation of the way the UK's investment and financial markets operate, and their interaction with other financial markets around the world.
So just how does the investment industry really work?
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. It takes not just savvy but real information to maintain financial security and safeguard one's future. Consequently, it is now more important than ever to understand how the markets work and what choices are available.
Fully updated for this sixth 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. From the practical consequences of being a shareholder to a basic coverage of the taxation regime, this book provides a wealth of information on individual product types as well as the key players themselves.
It may not take a genius to make a fortune, but anyone considering investing in the stock market will need care, common sense, lots of luck - and the expert advice of How the Stock Market Works.
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
Michael Becket is a much-respected financial journalist and was The Daily Telegraph's small business editor for over 10 years. He is the author of a number of successful books, including The Daily Telegraph's An A to Z of Finance, published by Kogan Page.