Review of The Educated Investor's Handbook
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Review of The Educated Investor's Handbook
Every year, hundreds, if not thousands, of ordinary people like you and I make their way into the murky world of the international money markets. They are goaded along with tales of infinite riches that abound within that sphere awaiting plunder. These financial neophytes throw their life savings wholeheartedly into stocks and bonds without any attention whatsoever to due diligence. The result is always the same: most of them lose their fortunes, and some lose their lives in extreme cases. At the end of their financial markets adventure, they crawl home, browbeaten and thoroughly chastened, never to return. The lack of basic knowledge in financial education displayed by these new entrants has become so evident that it is disturbing. This is where The Educated Investor’s Handbook Volume 1 by Derek Przywalny comes in.
The book is detailed, the points are neatly and concisely arranged, and the explanations are thoroughly expanded. Someone with no prior knowledge of the business world will have no difficulty understanding it.
This book takes the reader on an educational journey beginning with the basic building blocks of financial education. I am particularly impressed with the simple manner the author uses to explain complicated processes. For example, explaining the processes behind Exchange Traded Funds (ETFs) clears up some of the unfounded misgivings I have on the subject.
It is nice of the author to use any means necessary to ensure the reader understands what he is teaching. The use of tables to diagrammatically explain concepts is very thoughtful of the author. In doing this, he has catered to the need of folks who assimilate better with diagrams.
I did have a concern about something the author did in the last chapter. He used the wrong acronym for a very crucial concept. From a layperson’s standpoint, the acronym for the ‘Pattern Day Trader’ should be PDT. However, the author used PDF instead. I almost thought it was a typo (by the way, the editing was okay) until I saw it repeated. As much as PDF is a cool and relatable acronym, it might rub some readers the wrong way as it did me. Thankfully, I didn’t see this issue as worthy of reducing my rating; it could’ve been intentional. Hence, I’d give the author the benefit of the doubt.
This book is a must-read for both experienced and newbie forex and stock traders. Even aspiring brokers will learn a thing or two from it. It covers absolutely everything one will need to arm themselves before taking on the markets. The words of advice from past and current icons in the industry are lovely additions. I rate The Educated Investor’s Handbook Volume 1 4 out of 4 stars.
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The Educated Investor's Handbook
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The review is fantastic.
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