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Ask HN: Hackers Guide to the Stockmarket?
I know nothing about the stockmarket. I know. Thats sad. But whenever I asked a suit to explain it to me, I've fallen into a coma. I am curious however, and willing to develop a solid mental model. So I was wondering if there is something out there which can be considered a hacker's guide to the stockmarket?
- paperwork 15y agoFrankly, the best way to learn about the stock market is to buy and sell a few stocks. This is the fastest way to gain the greatest amount of knowledge. If you can't afford it, do it on a 'play' account. Give yourself a budget of x dollars and y days. Try to make the most amount of money (or, if you are on a dummy account, try to lose as much money as possible).
- whichdan 15y agoYou could try a virtual stock exchange game - http://vse.marketwatch.com/Game/Homepage.aspx http://vse.marketwatch.com/Game/Homepage.aspx
- cellularmitosis 15y agoThis is definitely worth 15 minutes of your time. http://philip.greenspun.com/materialism/money http://philip.greenspun.com/materialism/money tl;dr if you don't know where to start, start with an index fund.
- Juha 15y agoI have the same feeling. I am also interested to get bit deeper knowledge of stock market. I find that the books written by financial experts can be a bit though read for someone not used to all the financial terminology.
- antonioe 15y agoKhan Academy has a bunch of things on markets which I think is pretty digestible for people - http://www.youtube.com/watch?v=SKly7Y1woJs http://www.youtube.com/watch?v=SKly7Y1woJs Etrade has a bunch of videos on the stock market lingo but I think you need an account.
- ashika 15y agoSeconded. I'd suggest just browsing around http://www.khanacademy.org/#finance http://www.khanacademy.org/#finance and click on any links that seem interesting. Each video is quite accessible on its own. If, however, OP's interest in learning about the market goes further than the academic, then the motley fool (www.fool.com) website has a decent amount of basic info geared towards individual investors, e.g. http://www.fool.com/investing/beginning/investing-strategies-your-first-stock.aspx http://www.fool.com/investing/beginning/investing-strategies...
- pw7 15y agoAwesome, I like Khan Academy. Did not realize they had finance videos though. Thanks
- tom_b 15y agoI recently picked up: The Smartest Investment Book You'll Ever Read: The Proven Way to Beat the "Pros" and Take Control of Your Financial Future by Daniel Solin. A good basic starter book and very short. For a larger (and timely) economic view, I also slogged through This Time is Different by Reinhart and Rogoff. This book kind of looks at macro-economic conditions around recessions in history to abstract out a pattern around recessions, currency collapses, and depressions. It is not about the stockmarket in a very specific way. Neither of these sources are particularly hacker-centric viewpoints of the market. Are you looking for algorithmic trading stuff? You might want to check out http://quant.ly/ http://quant.ly/
- pw7 15y agoThanks I think I'm gonna buy that book. I am not looking for algorithmic trading stuff (yet). As I said, I barely know anything about the stock market, main thing is want the resources to be brief and straight to the point. Regards.
- AHorihuela 15y agoI'd start out with Investopedia (http://www.investopedia.com/university http://www.investopedia.com/university). That will give you a good overview and teach you the key terms which often make other investing books confusing.
- ig1 15y agoRead this: http://en.wikipedia.org/wiki/The_Intelligent_Investor http://en.wikipedia.org/wiki/The_Intelligent_Investor
- avstraliitski 15y agoRead the technical specifications for market interface APIs. I just read all I could on the largest 18 stock markets in the world and can tell you that there's some interesting stuff out there. I even found myself - much like the first read of TCP/IP Illustrated (re: remote OS detection / late ~90s) finding potential hacks in their systems just by reading the specs.