Budgeting books are the best source of information for a perfect personal finance budget, which is an essential part of money management and Investment.

Saving and investing money does not relate to your income level or savings balance, it is only a matter of how you budget and manage it. If you want to grow your money, you need to manage the money in a professional way, for that you’re are in a need of personal finance budgeting skills.

To understand personal finance management in a better way, we recommend checking the following bestsellers articles.

• 7 Best personal finance books
• 7 Best Credit repair Books
• 7 Best Money management Books

We scanned in many open sources and find the top seven budgeting books, and compiled it as a list of best books of all time must-read. Whether you’re looking to take your current budget to the next level, or totally new to personal fiance budget management or you are a newbie earner these books will help you make it happen.

Book 1: Personal finance for dummies:

One of the best personal finance budgeting books is “Personal finance for dummies”, which will guide you on how to manage your personal finance effectively.

Buy from Amazon: https://amzn.to/3IDJkbo

Book 2: Broke Millennial:

The bestseller “Broke millennial”, is one of the best budgeting books that help you to stop scraping by and get your financial life together.

Buy from Amazon: https://amzn.to/3g3b5xT

Book 3: Money for Teens:

One of the best guide for the life of newbie earners which help to professionally manage the budget is “Money for Teens”.

Content: https://amzn.to/3u42Ols

Book 4: Minimalist Budget:

The bestseller “Minimalist Budget” is the best book recommended by many newbie earners to grow dough and budget like a professional. This book helps to learn minimalism money management skills, investing basics and personal finance for beginners.

Buy from Amazon: https://amzn.to/3u8Q1OA

Book 5: More With Less:

The best budgeting book “More With Less” help the newbie earners to get a grip on excessive spending and hoarding habits. These book guide to creating a personalized budget, and help to adopt a minimalist lifestyle and savings-oriented mindset.

Buy from Amazon:  https://amzn.to/3AFDaVt

Book 6: On My Own Two Feet:

The budgeting bestseller “On My Own Two Feet” is a perfect guide for the modern newbie earning girl’s to improve their personal finance knowledge and teach them how to manage the personal budget.

Content:  https://amzn.to/32FMITG

Book 7: Personal Finance:

“Personal Finance” is one of the bestseller which help to Learn how budgeting and investing will apply to the life of newbie earners. This book teaches the importance of self-discipline and the need for passive income and saving money.

Content: https://amzn.to/3AHuIVE

CONCLUSION:

When you read self-help personal finance budgeting books, its will inject a dose of motivation and knowledge into your life to change your perspective about money management. The above listed personal fiance budgeting bestsellers will change the way you think about money management and deal with personal finance budgeting.

• The above-listed budgeting books help you to understand how to budget and manage your personal finance.

Check the respective book link and buy the best budgeting book from amazon, which you feels is suit your needs and start a professional way of budgeting now. After reading and understanding don’t forget to implement the learned strategies into your life to transform your life.

Thanks & Regards:

MyMoneyBooks

The Forex is an over-the-counter market or a global decentralized exchange for the trading of currencies. Foreign Exchange determines each county currency exchange rates. Forex trading activities include all aspects of exchanging like buying and selling of currencies at current or determined prices.

To understand the forex market and personal finance management in a better way, we recommend checking the following bestsellers articles.

• 7 Best personal finance books
• 7 Best Credit repair Books

Below is the list of selected best foreign exchange books which help you to improve your knowledge.

Book 1: What The Heck Is Forex:

The best Forex book, what the heck is forex consist of is a simple step for trading currencies in the forex market and making profits.

Buy from Amazon: https://amzn.to/3JeZ7Oi

Book 2: A three-dimensional approach to forex trading:

The forex bestseller, a three-dimensional approach to forex trading gives you an overview of the foreign exchange and its operations.

Buy from Amazon: https://amzn.to/3B4kIpw

Book 3: Foreign exchange & Forex trading:

The Book Foreign exchange & forex trading is one of the prime sources of information to learn how the foreign exchange works and how to trade currency in it for booking the profit.

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Book 4: The art of currency trading:

The forex bestseller “The art of currency trading” is a professional’s guide for newbie earners to the foreign exchange market. This book helps to understand the basic concepts of currency trading in foreign exchange.

Buy from Amazon: https://amzn.to/3HR3L4N

Book 5: Foreign Exchange:

The Book “Foreign exchange” is one of the best foreign exchange elementary treatises about the forex market and it is designed for the use of the businessman, the banker and the students in the domain of forex.

Buy from Amazon:   https://amzn.to/3B48zRE

Book 6: Forex Trading:

The Forex bestseller Forex Trading explained many basic concepts and activities in foreign exchange in very simple terms. The topics covered in this book include forex,  forex trading strategy, forex trading system, oil, commodities, stocks, precious metals, currency trading, bitcoin.

Buy from Amazon:  https://amzn.to/3HGmnnN

Book 7: Studies in Foreign Exchange Economics:

The best forex book, studies in foreign exchange economics is one of the prime sources of information about foreign exchange operations for the forex aspirants.

Buy from Amazon: https://amzn.to/3sr9SpD

Conclusion:

Foreign exchange, or forex, is the place where the conversion of one country’s currency into another country currency occurs. The price of the currency is valued according to the supply and demand of the currency and the value set by the respective country’s government and the exchange.

• The above listed foreign exchange books help you to understand how the forex market works and you can trade in it to book the profit.

Check the respective link and buy the book which you feels best match for you to start and grow your investments.

Thanks & Regards:

MyMoneyBooks

The financial situation of mid-class Indian families is getting failure day by day in Indian. It is not because of the inflection or the Job loss in the country. It is mainly because of the lack of financial planning, lack of proper financial investments, and mainly due to uncontrolled expenses.

For managing the hard-earned money effectively we recommend you to check the following articles in MyMoneyBooks.

• 25 Financial Mistakes to Avoid.
• Need of personal financial education for Kids.
• Personal financial learning for newbie earners.
• 7 best personal finance books for Indians.

In this article, I would like to show you the fact that, in an average Indian family is ending up spending extra about 2 to 3 Lakhs in a year, which can be avoided. After reading this article you can check your expenses and you can identify the way to save at least 2 to 3 lakhs in a year.

Following are the 10 prime reasons that impact the financial failure of an Indian family in the last 10 years and ended up spending more than what is actually necessary.

1. Vacations based on Social Pressure:

Most families spend the money on vacations only due to social pressure. Most of the middle-class families go on vacation mainly due to social status and they are forced to spend the extra money which they really don’t have.

• Due to vacation based on social pressure, each Indian average mid-class family ends up spending an extra about 10K on a yearly average.

2.  Smartphone and other Electronic gadgets:

Now in an average family of 4-5 members, owns at least 3 to 6 smartphones with an average price range of about 5K INR. In addition, mid-class families are forced to go for many of the online subscriptions and other gadgets which are avoidable. More than holding a smartphone, due to social pressure they are forced to upgrade or change the phones within an average time frame of 2-3 years.

• Due to additional gadgets, each family spends an extra about 20K on a yearly average.

3. Weekends Eating Out:  

Now the culture in most of the cities mid-class Indian families is to go out unnecessarily on weekends and have food from outside, instead of having homemade food. In addition to the cost of the food, most of the families end up spending more money on the medial due to this spoiled lifestyle.

• Due to eating out each mid-class family is ending up spending about 3 to 5K each monthly average I.e. about 30 to 50K extra on a yearly average.

4. Brand Consciousness:

Most of the mid-class youngsters now become the victims of the brand consciousness for dress, salons, and for many the consumable items. By buying branded products, we may get quality products but we are ending up spending about 3 to 4 times the value for money.

• Due to brand consciousness, each family spends about 30K to 40K extra in an average year.

5. Commercialization of basic needs:

Now, most of the basic needs like a hospital, school, etc of the mid-class family become commercialized and end up paying 3 to 5 times the cost. Due to social status, most parents are unable to send their kids to a normal school. To get admission in commercialized schools they need to pay the donation of about 50k to 1 lakhs on average and yearly they end up paying an extra about 10 to 20K in the name of special fees or extracurricular activities.

In the matter of hospital, in the name of better facilities, families are forced to pay about 3 to 5 times the extra cost for the same treatment, which they can get from a normal hospital.

• Due to the commercialization of the basic needs like hospitals and schools, each family in an early spend about 30 to 40K extra in an average year.

6. Extra spending for Birthdays and Anniversary:

Earlier Birthdays and Anniversaries are the days for getting together and spending time with families, but now most of the mid-class families consider it as a special event and end up spending more money for the celebration and get together in outside places like hotels and resorts. Most of the families are now ready to send about 2 to 3K only for the cake for celebrating it.

• Due to unnecessary spending on each of the special events, each of the mid-class 4 member families end up spending an average of about 15K extra per year.

7. Spending lavishly for the family functions:

Now due to social pressure, most of the mid-class Indian families are forced to spend money to make the weddings and family functions a grand function. Most of the families spend money lavishly for stage decoration, photography, and food for marriage just to satisfy the gusts.

• Due to this, an average family ends up paying early about 50K, considering one event in 10 years with spending of about 3 to 5 Lakhs.

8. Easy Loans and Credit facilities:

Due to the easy availability of personal loans and credit cards, most of the youngsters had a tendency to spend what they haven’t yet earned. They are not knowing the fact that due to these loans and the credit facilities they are actually spending about double the actual need to spend. More than that extra spending nature may lead to end up in credit card traps.

• Due to easy loans and credit cards, on average, a person spends about 20 to 30K per year extra money in their purchase decisions.

9. Automobiles as a status symbol:

Many families in India buy luxury cars as a symbol of status. Most of the Mid class families are forced to buy luxury cars instead of general-purpose mid-class cars due to social status pressure. Due to this most of the families end up paying 2 to 3 times the cost for owning a car.

• Due to these luxury cars, families spend an extra about 30K on a yearly average as interest on the EMI.

10. Unnecessary beautification:

Nowadays most the families tend to spend lakhs of money on the house and office interior modifications, which not making any value addition to our life. This also causes to increase in the yearly maintenance cost as an overhead.

• Due to this unnecessary beautification and its maintenance, an average family spends about 15K to 20K yearly, considering a one-time cost of about 1 to 3 lakhs and yearly extra charges of about 5K to 10K INR.

Conclusion:

If we sum up all the above extra yearly average costs as listed below, each mid-class Indian family ends up spending an extra of about 2.5 to 3 lakhs in a year.

• Vacations based on Social Pressure: 10K
• Smartphone and other Electronic gadgets: 20K
• Weekends Eating Out: 40K
• Brand Consciousness: 30K
• Commercialization of basic needs: 30K
• Spending for Birthdays & Anniversary: 15K
• Spending lavishly for the family functions: 50K
• Easy Loans and Credit facilities: 20K
• Automobiles as a status symbol: 30K
• Unnecessary beautification: 15K

Total extra average Indian family spending: 2.6 Lakhs in a year.

If we are copying others’ lifestyles without planning our own financial needs, it will lead to lots more financial stress and anxiety over the years.

All the above-mentioned expenses are easily controllable and we can save at least 1 to 2 lakhs on a yearly average.

We also recommend you follow the listed books to strengthing your financial knowledge of the Indian environment.

• 7 best personal finance books for women.
• 7 Best money management books.
• 7 Best share market books by Indian Authors.

If you would like to share your thoughts, please comment below in the comment box for the benefit of other readers.

Thanks and Regards.

MyMoneybooks.

Best personal financial advice books for women are one of the best ways for women to improve their personal financial knowledge. Following best personal finance books every woman should read. These books have been selected on the basis of the recommendations from many writers, for women. Reading these personal finance advice books made women rethink about there personal finance.

For a normal woman, even though these books will not make a money expert, but we are sure, it will help them to get started in money matters.

 If you are looking for a good personal finance book that can help you get your financial freedom, we recommend you to check the books listed in the below blogs in MyMoneyBooks.

• 7 best personal finance of all time.
• 7 best investment  books by Indian authors

These 7 top-rated must-reads best personal finance advice books for women are authored by the top personal finance guiders of the world.

One of the best books I will personally recommend for Indian women is: “WOMEN WITH MONEY” it is a free guide for creating the joyful, purposeful, less stressed, life which any Indian women deserve.

This article will cover the other best 7 great personal finance advice books for women.

Book 1: I Wish Somebody Would Told Me Single Parent Guide:

Author:

Zarinah Tavares was born in Long Island New York on September 5, 1985. She graduated from high school in Georgia, completed MBA in finance and accounting. She is an entrepreneur, motivational speaker, consultant, life coach, artist, and an awesome single mother. She aspires to help other women by teaching them to get finance knowledge and live a happy and financially secure life.

More books of Author: https://amzn.to/3FH4yVh

Content:

Buy from Amazon: https://amzn.to/3DrKcgw

One of the best personal finance advice books for women, “I wish somebody would told me, by Zarinah Tavares” is the best book to read for young women, single mothers which offer suitable financial advice, practical tips, and motivation.

• The prime purpose of this personal finance inspirational book is to creatively help newly single moms to find a suitable way to manage their personal finances and avoid common financial mistakes.

This book helps young women to find a purpose of there life and help to take suitable steps to achieve the financial goals.

Sometimes single mother parenting is too tough, but reading this book helps them to realize it is not impossible. The advice and tips to follow in this personal finance advice book for women help the readers to feel motivated and inspired for raising healthy children.

Book 2: Women in Financial Transition:

Author:

Junko Rivka Horvath is a writer and a personal finance motivator and an advisor. Her writings help young women to secure their financial future by avoiding the most common financial mistakes women used to make in their life.

More books of Author: https://amzn.to/3oM64ix

Content:

Buy from Amazon: https://amzn.to/2Yw9zyD

Through this personal finance book for women, Junko Rivka Horvath brings expert interviews on topics including Inheritance, Divorce, Retirement, The Sale of a Business, and Widowhood.

• This is one of the resourceful books for young women who find themselves in personal financial transition.

This book is packed with real-world examples and expert opinions which help women to handle various stages of financial transition.

This Book help in discover:

• The four stages of life transition and which one you are in now.
• Two sides of Money, technical and personal, and understand the one that drives most decision making.
• Common challenges and mistakes that women go through in life and how to handle it.
• How you can improve and grow your relationship with money.
• Possible solutions for your personal financial problems you are facing which need to be solved.

No matter your current financial situation, this book will help you to find a piece of sound advice from experts.

Book 3: How to Be a Financial Grownup:

Author:

Bobbi Rebell is a journalist and advocate for financial literacy. She is currently leading the U.S. business video unit for the largest news organization Reuters. In millennials, Bobbi used to writes a globally syndicated personal finance column.

More books of Author: https://amzn.to/3AuiSfP

Content:

Buy from Amazon: https://amzn.to/2YwgWql

The best personal finance advice book for women,” how to be a financial grownup by Bobbi Rebell is a piece of proven advice from high achievers on how to live your dreams and have financial freedom.

• Through this book author, Bobbi Rebell shares the financial lessons the top leaders learned early in their lives, which helped them to become financially successful.
• This book also shared actionable advice on how anyone can become a financial grownup just like other millionaires.

The book walks you through most of the biggest financial decisions you’ll make regarding investing, debt management, real estate, family finances, and even health and wellness. Through this book, you are guided by practical and proven examples and given the information that you need to make the right choices for you.

How to Be a Financial Grownup will help young women to get new ideas to better manage personal finances if they’re going through life changes.

Book 4: Financially Single:

Author:

Meredith Dekker and Dan Cuprill CFP are well-known, financial advisors and help many people to get track of their personal finance matters.

More books of Author : https://amzn.to/3uYu6rZ

Content:

Buy from Amazon: https://amzn.to/30biGFT

One of the best personal finance advice books for divorced women or widows by Meredith Dekker and Dan Cuprill CFP is “Financially Single”, which helps them to safeguard their money and secure the future.

•  Divorced women and widowed are generally vulnerable to threats to their personal financial future, this book is an ideal source of information for them to overcome it.

As you navigate through this challenging phase of life, this personal advice finance self-help book will help you safeguard your money.

It also helps single women to pay more attention to their personal financial well-being.

Book 5: Every Woman Should Know Her Options:

Author:

Laurie Itkin has B.S. in economics and she is the founder of “The Options Lady” a boutique money management firm in Southern California. She is working to educate and empower women of all ages to become financially successful by taking control of their money. Her financial advice help women to generate more income and reduce risk when they directly investing in the stock market.

More books of Author : https://amzn.to/30b8gpM

Content:

Buy from Amazon: https://amzn.to/3065BgV

The book “Every Woman Should Know Her Options by Ms. Itkin” is once of the best personal finance advice book for women of all ages, which guide them to invest in their way to financial empowerment

• In this book, Itkin outlines the steps she took, in her difficult time to build a million-dollar stock market portfolio from her small inherited money, before she turned 40.

The book is filled with easy-to-understand women’s stories of wealth-building and examples of challenges and successes. This book will guide you to grow your hard-earned money in the stock market using options to reduce risk.

This book to help to learn how to:

• Grow your money by investing.
• Use options to lower your risk and generate income from the stock market.
• Stop paying additional fees on your investments.
• Overcome all the obstacles usually women face in achieving financial freedom.

For the women who manage their own money, this book will help to tune the path to financial empowerment.

Book 6: Clever Girl Finance:

Author:

Bola Sokunbi is a finance expert, influencer, speaker, podcaster, and moreover, he is a Certified Financial Education Instructor (CFEI), and the founder and CEO of, a personal finance platform for women, “Clever Girl Finance”.

More books of Author: https://amzn.to/3oNNneE

Content:

Buy from Amazon: https://amzn.to/3mCoeAD

The bestseller, Clever Girl Finance by Bola Sokunbi is the once of the best personal finance advice book which helps young girls to save money, Ditch debt, and build real wealth by taking charge of your finances and achieve financial freedom.

• This book, Clever Girl Finance, shows her personal finance mistakes and financial redemption to empower and educate women on their journey to financial freedom.

By reading this book, women get encouraged to talk about money and financial wellness. This will guide women on how to navigate their own murky financial flood and come out afloat on the other side.

This book will help you in

• Build a budget and monitor your expenses.
• Keep your credit bills in check and clean up credit chaos.
• Make the most effective handling of money.
• Invest for your future by transforming your money mindset.
• Be accountable for your financial well-being.

The valuable lessons from Clever Girl Finance give the feel the power of “clever girls” real-world stories and put yourself on the path to financial freedom.

Book 7: Smart Women Finish Rich:

Author:

David Bach is a senior vice president of “The Bach Group”, a major New York brokerage firm, which manages over a half-billion dollars of individual investors’ money.  Mr. Bach lives in San Francisco and has taught retirement planning classes at the University of California, Berkeley Extension moreover he was one of the best financial motivational coaches for women.

More books of Author: https://amzn.to/3oNNw1G

Content:

Buy from Amazon: https://amzn.to/3oJTqR9

The bestseller personal finance book for women, Smart Women Finish Rich, by David Bach, gives young women the tools they need to create a rich financial future.

• Whether you’re with a significant inheritance or working with a few dollars, Bach’s seven-step program in this book can provide a huge payoff.

The book “Smart Women Finish Rich” will help you to control your finances and make a better future. This book for women that talks about finance and money handling in a way that makes sense.

This financial planning guide, that addresses and provides a workable solution for the unique issues that women face today and provides a principle that guides you to align your money with your values.”

Conclusion:

Reading these 7 best personal finance advice books every woman should read help them to get a better understanding of money and become more personal financially responsible women.

Below is a quick list of the 7 best personal finance advice books for women.

1. I Wish Somebody Would Told Me Single Parent Guideby Zarinah Tavares.
2. Women in financial transition by Junko Rivka Horvath.
3. How to Be a Financial Grownup by Bobbi Rebell.
4. Financially Single by Meredith Dekkerand Dan Cuprill CFP.
5. Every Woman Should Know Her Options by Laurie Itkin.
6. Clever Girl Finance by Bola Sokunbi.
7. Smart Women Finish Rich by David Bach.

If you would like to add any other books to this list, we are happy to hear from you through the below comment box.

Thanks & Regards.

MyMoneyBooks

Money management books by Indian authors to help each Indian investor to achieve their financial goals and plans the future even it is different for each one.

We also recommend you check the following articles to improve your financial knowledge:

• 7 Best Money Management Books.
• 7 Best Investment books by Indian Authors.
• 7 Best Stock Market books by India Authors.
• 7 Best Personal Finance books.
• 7 Best books about Passive income.

Reading best money management books by Indian authors is the best source of this knowledge for an Indian newbie investor.

In this article, we have shortlisted the top 7 best money management books by Indian Authors you must read before 2022. Below is the list of Indian authors who contributed to this best book list.

• V. Subramanyam.
• Monika Halan.
• Suresh Sadagopan.
• M Pattabiraman.
• Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal.
• Manish Chauhan
• Abhishek Kumar

These finance books are written by Indian authors to help you to understand the basics of personal finance and money management which will be a great help for your future.

Book 1: Retire Rich, Invest Rs.40 a day.

Author:

P.V. Subramanyam is a Chartered Accountant who is very good at understanding numbers and loves to tell stories. He has written many books and columns about personal finance, conducted workshops, professional trainer, and is a regular speaker on business channels.

Check More details of P.V. Subramanyam: https://amzn.to/2Vw7DVF

Content:

Buy from Amazon: https://amzn.to/3liqrRh

One of the best Indian author books about money management is “Retire Rich by P. V. Subramanyam, which is specially written for Indians, those who want to plan retirement and have a beautiful life in the Indian environment.

• Reading this book offers knowledge and enjoyment which you can carry where ever you want.

This Financial planning book is easy to understand with a lot of real-life examples.

Books show that

• How smartly you plan your personal finance matters, more than, how hard your earn.
• Explains the financial mistakes which anyone does in life and its solutions to meet retirement financial

This book, Retire Rich is an ideal blueprint for retirement planning and achieve financial discipline to live an independent retirement living.

Book2: Let’s Talk Money.

Author:

Monika Halan lives in New Delhi and is a certified financial planner and worked with some of the top media organizations like Economic Times and Business Today etc. She is a regular speaker on financial literacy, personal finance, and consumer issues in retail finance. She is also one of the members of SEBI’s Committee for Mutual Fund Advisory.

Check More details of Monika Halan: https://amzn.to/2X9pMcg

Content:

Buy from Amazon: https://amzn.to/39d4TA1

This best Indian author personal finance book, “Let’s Talk Money” by Monika Halanis written specifically for Indians investors, keeping in mind of Indian financial context.

• This book shows the basic principle that we have worked so hard to earn money, now we need to make it work for.

Regardless of how much we earn, many people are worried about retirement due to underprepared financial plans for our own retirement. This book is an ideal solution for those who want a wonderful retirement life by making money work for them.

This book helps us to identify,

• The proven system for identifying successful investment schemes.
• Jargon-free investment plan to get more value for our hard earns money.

This book offers you a smarter way to live with your dream retirement plan, rather than worrying about the finance, right investment or insurance, etc.

Book3: If God was Your Financial Planner.

Author:

Suresh Sadagopan is the MMS, Certified Financial Planner ( CFPCM ), and the founder of Ladder 7 Financial Advisories, the most respected financial planning and advisory firm in India. He is a SEBI registered Investment Adviser and a registered life planner (RLP). He has authored several hundred blogs and articles about personal finances, creating wealth, and achieving financial freedom.

Check More details of Suresh Sadagopan: https://amzn.to/3jZK1SF

Content:

Buy from Amazon: https://amzn.to/3EamB54

Indian Author, Suresh Sadagopan’s book about personal finance, “If God was your financial planner”, makes learning about personal finances easier and entertaining.

This personal finance learning book for Indian Investors will help to understand and learn the essentials of,

• Financial planning,
• Retirement planning,
• Personal finance,
• Asset allocation concepts,
• Risk management,

This story model book takes you to the lives of people in various. It shows the life of the family, where the head is passing away suddenly, and how they pick up the life.

Book also shows, how financial mismanagement affects relationships, how to get on track after losing his job and earnings, the need to put money for retirement, etc, and mistakes that people make with their hard-earned money.

Book4: You Can Be Rich Too.

Author:

M Pattabiraman is an associate professor at IIT, Madras in the Physics department. His personal circumstances lead him to learn more about investment and personal finance. He shared his knowledge over books and blogs.

P.V. Subramanyam is a Chartered Accountant by profession and very good in tell stories and understanding numbers and sharing his knowledge with others.

Check More details of M Pattabiraman: https://amzn.to/3hj8r84

Content:

Buy from Amazon: https://amzn.to/3z0yGGn

This Indian Authors book about personal finance, “You Can Be Rich Too” by M Pattabiraman and P.V. Subramanyam is an ideal book for newbie earners who are in the process of creating wealth. This book offers simple and practical wisdom for Indian Investors, those who seek it.

• This personal finance book shows that Investing can be made simple and easier if we ask the right questions before investing.

The simplified key concepts in this money management book guide you,

• Investing with a specific goal in mind with practical yet enlightening calculations.
• Help you to check the progress of your investment and gauge.

Those who have the discipline to follow the suggestions and simple steps in this book could attain the financial goals like a professional.

Book 5: Coffee Can Investing.

Author:

This personal finance book was written by Indian Authors Saurabh Mukherjea along with Rakshit Ranjan and Pranab Uniyal. Saurabh Mukherjea is the leading equity strategist in India and CEO of Ambit Capital, an Indian investment bank. Mukherjea lives in Mumbai and is a CFA charter holder.

Check More details of Saurabh Mukherjea: https://amzn.to/2YNbkrt

Content:

Buy from Amazon: https://amzn.to/3hmOQUE

The book, Coffee Can Investing is a piratical guide to reduce the risk of creating stupendous wealth. This book shows you how to approach low-risk investments which can generate great returns over time.

• This book helps you to understand the other investment options other than usual investment assets like mutual funds, real estate, gold, fixed deposits, and stock markets, etc, where you may make a measly 8 to 12 percent per annum.

Book will guide the Indian Investors to make a 10 to 20 percent compound annual return growth rate (CAGR) for the investments whilst taking only half the risk compared to the overall market.

The Coffee Can invest approach help the investors to get stupendous returns through high-quality and low-risk investments.

Book 6: How to be your own financial planner in 10 steps.

Author:

Manish Chauhan is a computer science graduate from Pune University and a well know finance blogger. He helps people to make good financial decisions and educates them on financial theories. He has written many books about Personal Finances which every Investor should know.

Check More details of Manish Chauhan: https://amzn.to/3z1qB4q

Content:

Buy from Amazon: https://amzn.to/3C0W4p3

The Indian Author’s personal finance book, “How to be your own financial planner in 10 steps” by Manish Chauhan is a book for the common man who wishes to plan properly their financial domain.

• This book contains only simple financial concepts, written in very simple language and legitimately explained for Indian Investors.

The book concentrates mostly on  10 critical aspects of personal finance,

• Life insurance policies,
• Health insurance,
• Estate planning,
• Short term/long term goal planning,
• Debt repayment,
• Retirement planning,
• Emergency fund planning,
• How to be ready for your future,
• Organize your financial life
• Credit report and need of good credit score.
• And finally, need of cleaning up other investments.

The book caters to the need of being a personal financial consultant of his/her own finances.

Book 7: The Richest Engineer.

Author:

Abhishek Kumar is a graduate of IIT-BHU, IIM Kozhikode, and the University of California, Los Angeles (UCLA), financial advisor, and writer. The advice presented in his books is based on practical and easily implementable ways for wealth creation. He is also one of the critics of the conventional ways of managing money by the Indians.

Check More details of Abhishek Kumar : https://amzn.to/3BZx6GG

Content:

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In the Richest Engineer is a book written in simple language showing a conversation between two friends, Vinay and Ajay, college mates. The Vinay was a financial wizard, and from him, you will learn, what is stopping everyone from becoming rich and what need to change yourself to achieve financial freedom.

• Through this book of Indian Author, Abhishek Kumar shares the timeless wisdom of wealth creation and shows how everybody can become a millionaire, no matter where they stand now we’re in the financial life scale.

The ideas shared in this book are not quick get-rich formulas, but they simply guide those who have nothing more than an average salary, to financial freedom, who are interested in it.

Conclusion:

To start your successful investment journey, we recommend you should read at least one money management book by the Indian authors from the list in this blog. Below is the quick list for your immediate reference.

1. Retire Rich: Invest Rs.40 A Dayby V. Subramanyam.
2. Let’s Talk Money by Monika Halan.
3. If God was Your Financial Planner by Suresh Sadagopan.
4. You Can Be Rich Too by M Pattabiraman.
5. Coffee Can Investing by Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal.
6. How to be your own financial planner in 10 steps by Manish Chauhan.
7. The Richest Engineer by Abhishek Kumar.

Best Money Management books by Indian authors will help Indian college students to gain their financial literacy and beginners can get a good education about finance, savings, and investments which are the best investment for an Indian investor.

For the benefit of other readers, please share your thoughts about the above 7 best books on personal finance by Indian authors for Indian investors in the commend box below.

Please add your comments and recommendation about other books which you prefer to add to this list.

Thanks & Regards

MyMoneyBooks

Futures and Options are financial products, which investors can use to hedge current investments and make money. Both futures and options allow investors to buy an investment at a specific price at a future specified date.

• Futures and Options are similar financial products to hedge current investments.
• An option is a contract that gives the buyer the right to buy or sell an asset at a specific price at a future date.
• A futures contract is an obligation to purchase a specific asset or equity at a specific future date.
• In both future and options, the contract position can be closed prior to expiration.

Learn basics to advanced strategies about options trading we recommend checking the following books.

Best trading books by Indian Authors.

Best Investment books by Indian Authors.

Best Investment Books for share market traders.

Share Market FUTURES:

Share market Future contract is an agreement between the seller and buyer to sell or buy a specified quantity of underlying equity share for a price agreed upon at a future date.

Derivative Products like future and options are derived from other underlying financial instruments. The application of Futures and options is for Hedging & Speculation in the stock market.

REAL-LIFE EXAMPLE:

 If A wants to sell a property costing about 5 lakh. B approaches A and made a contract/agreement that, he will take the property or he will find another buyer, within down the time of 3 months, with the current agreed price by paying a premium now ( About 1/3 of the total amount).

Then B finds another buyer ( C ), and he will make a back-to-back agreement that, he will get him a property after 3 months, with price at that time.

• If the price goes up.

C needs to pay a higher amount than the current price.

A will get 5 Lakhs and B will get the difference in amount as profit.

• If the price goes down.

C needs to pay less amount than the current price.

A will get 5 Lakhs. B will be under loss of the difference in amount.

The contract will complete only once the transaction of buy and sell is completed. B will work like a broker, who makes the profit or loss on the basis of market price movement. Premium amount is the only risk amount he put up in the transaction.

• In a stock market future contract, instead of property, the agreement is made on the equity in a lot size.

Application of Future and Options:

Hedging and Speculation are the application of the future and option contacts. Both will help the investors to protect their funds during adverse market movement conditions.

Hedging:

Hedging is the process to protect the fund in the market adverse movement.

Hedging is a strategy to offset losses in investments by taking a reverse position in the asset holdings. Hedging involves derivatives, such as futures and options contracts, which results in a reduction in the loss for the holdings.

Below is a real-life example for an easy understanding of the Hedging operation.

If A had a share of company XYZ, with unit price 1000 for quantity 500 numbers.

If A got information that, the price will go down by 200 rs. He will make a “sell” futures contract for a lot of 500 no’s of XYZ. Lot value is 5 Lakhs rupees.

Scenario price goes down:

If the price goes down by 200 rs.

His asset portfolio will go down by 1 lakhs rupees ( I.e. it will be 4 lakhs rupees ), however, A will be making a profit of 1 lakhs from the futures contracts with a third party, so it will compensate his loss and his total asset will remain 5 lakhs.

Scenario price goes up:

If the price after the contract goes up by 200 rs.

His total portfolio will go up by 1 lakhs ( I.e. it will become 6 lakhs ), however, A will be making a loss of 1 lakhs from the futures contracts with a third party, so it will compensate on his profit from the portfolio and his total asset will remain 5 lakhs.

By executing a futures contract, the investor can protect his total fund in both the market movement conditions.

Speculation:

Speculation is the process of trade and makes a profit on the contracts based on underlying assets.

Speculative trading is an act of conducting trade on the contracts with the expectation of a significant gain on the financial transaction on price fluctuations. Speculative trading has a substantial risk of losing value.

• Speculation is a process of buying an asset or contract or equity in an effort to later sell that at an appreciated rate, or the opposite process of it (sell an asset in an effort to buy later once the price depreciated).

With the insight and on the base of market knowledge, fundamental analysis, and technical analysis, a trader bet on the market movement, if it moves in the direction of the trader expectation, he will get the profit, else he will end up into loss the money, same as equity trading ( Intera day trading / BTST trading …)

Specific terms related to future contract:

• Market lot   : Total no of quantity for a future
• Lot size   : Decided to become 5 lakhs of total asset value at the time of introduction.
• Quantity of lot   : 5 Lakhs / LTP
• Expiry day   : Last Thursday of the following third month, if holiday, the day before it.
• Unit of price quotation   : Current market price.
• Method of settlement   : buy or sell.
• Type of settlements   : Cash or Delivery.

The permitted lot size for futures & Options contracts are stipulated by the Exchange from time to time. 

Share Market OPTION:

In the share market, an option contract is a contract between the buyer and seller, which conveys its owner, the right, but not the obligation, to buy or sell an underlying asset to or on a specified future date at a specified strike price, by paying the option premium.

• The option premium is the amount a trader or investors pay for an option contract.
• Option premium has 2 parts, Intrinsic value, and time value.
• Premium is a higher value for the assets with higher price volatility.
• The intrinsic value of an option contract is the amount of money a trader would get if they immediately exercised the option contract.
• The time value of an option contract is the amount of money an investor is willing to pay above the intrinsic value, with the hope the investment will eventually pay off.

Understanding the Options Premium:

An option contract gives the buyer the right, not the obligation, to sell or buy an underlying asset or instrument at a specified strike price on a future specified date, depending on the form of the option.

Option contact are of 2 type : Call option & Put Option.

Following are the important terms that need to understand to take an option contract.

• ITM – In the money.
• ATM – At the money.
• OTM – On / Out of the money.

In the money (ITM) and Out of the money (OTM) will be exactly opposite for the Call option and the Put options. If the current market price is the same as the strike price, it is called At the money (ATM).

• “At the Money” is the same for both the Call and Put option.

The Changing Value of Options premium:

The premium of options contracts is continually changing over the time of contact depends on the following factors.

• Current price of the underlying asset
• The amount of time left for the expire of the contract.

The strick price of the contract is in “In the money”, the premium will rise and if goes further out of the money, the contract premium will fall. The premium of the contract will decline as the expire of the contract gets closer.

For Call Option :

The premium for the Call option will increase with the increase in the market price of the underlying asset. Traders can buy the Call option if the underlying asset price is expected to increase. If the price incenses, they can book the profit.

• A call option is In the money(ITM) if the market price is above the strike price.
• A call option is On the money (OTM) if the market price is below the strike price.

For Put Option :

The premium for the Put option will increase with the decrease in the market price of the underlying asset. Traders can buy the put option if the underlying asset price is expected to decrease. If the price decreases, they can book the profit.

• A put option is in the money if the market price is below the strike price.
• A put option is On the money if the market price is above the strike price.

In-the-money options contracts have higher premiums than the options which are not ITM.

Calculate premium for the Call and Put Options:

The premium for the options contract is the sum of  “Time Value” and the “Intrinsic Value” of the contract.

Premium = Time Value(TV) + Intrinsic Value (IV) 

 Intrinsic value and time value are the two basic components to option premium.

• The intrinsic value of an option contract is the amount of money a trader or investors would get if the option is exercised.
• Time value is the extra amount a trader is willing to pay for the time of expiry of the contract.

INTRINSIC VALUE:

The intrinsic value of an option contract is a measure of what an underlying asset is worth.

The intrinsic measure is arrived at by means of a complex financial model or objective calculation, rather than using the current market trading price of an underlying asset. To make it simple for understanding, we can consider the below simple formula.

Intrinsic value is equal to,

• The difference between the exercise price and the strike price when the difference is positive.
• If it is negative, the Intrinsic value will take as zero.

Intrinsic Value for Call and Put Options:

Intrinsic Value for CALL OPTION = Max ( 0, Spot price – Strike price )

Intrinsic Value for PUT OPTION = Max ( 0, Strike price – Spot price )

Example for a simple calculation :

• STRICK PRICE 1: 100 rupees
• STRICK PRICE 2: 110 rupees
• STRICK PRICE 3: 120 rupees
• Last Traded  Price: 108 rupees

CALL OPTION Intrinsic Value

• ITM @ Strick Price of 100; Premium : 108 – 100 = 8
• OTM @ Strick Price of 120; Premium : 108 – 120 => -12 = 0 (As Intrinsic Valueis less than zero, Intrinsic value will take as “0”)

PUT OPTION Intrinsic Value

• ITM@ Strick Price of 120; Premium : 120 – 108 = 12
• OTM@ Strick Price of 100; Premium : 100 – 108 => -8  = 0 ( As Intrinsic Value for this put option is less than zero, Intrinsic value will take as “0”)

TIME VALUE:

Options contracts have value, even out of the money due to a significant change in the market price of the underlying assets. That is called the time value of options call and put contract.

Time value indicates whatever price a trader is willing to pay above the current intrinsic value for the contract, in hopes the investment will eventually pay off.

Time Value for Call and Put Options:

In option contact, the time value is the premium a trader would pay over its current exercise value. It is calculated based on the probability value that will increase before contact expiry.

• Maximum at the start of the contract.
• Zero value at the time of Expiry of the contract.

In general, as the expiration of the contract approaches, the values of an option’s time value decrease for both “Put Option” and “Call Option”.

Factors affecting Time value:

The calculation of the time value is a complex equation. For easy understanding, we need to consider the following factors, which are affecting the time value of a put and call option.

•  No of days for the expiry of contact.
• Current market price.
• Market Volatility.
• Interest Percentage.

In general, for assets with higher price volatility, the option premium will be higher. Option premiums for volatile stocks, tend to decrease more slowly.

Due to these, options traders need to consider the stock’s volatility before placing an order on the option products. One common way to check is by analyzing the equity’s standard deviation on historical data. The standard deviation of the stock shows measures the degree of up and down movement of the stock in relation to the mean price.

• A lower standard deviation indicates a relatively stable stock (Usually a smaller option premium).

Below rough price reduction pattern of  “Time Value” gives you a rough idea about the price reduction and an easy understanding of the pattern.

• Time Value @ Monday : 10 rupees.
• Time Value @ Tuesday: 8 rupees.
• Time Value @ Wednesday: 4 rupees.
• Time Value @ Thursday Morning: 2 rupees.
• Time Value @ Thursday noon: 1 rupee.
• Time Value @ Thursday EOD : 0 rupees.

If you know the Intrinsic value and the option premium, we can calculate the time value as below.

 Time Value = Option Premium – Intrinsic Value. 

Futures and options tips for the newbie earners.

1. Before start trading in futures and options contracts, learn the basics of Futures and Options trades and the methods of price calculations, and the fundamental and technical analysis for the underlying assets.
   • Fundamental analysis: At least growth comparison of underlining assets.
   • Technical analysis: At least line charts and price movements.
2. Understand the brokerage and other charges applicable for the future and option trading.
   • Brokerage: Delivery & Intraday.
   • Other charges: STT, DP, GST…
   • Leverage offered by the broker for option and future trade.
3. Need to learn how to do the research instead of blindly follow the recommendations.
   • Follow few underlying assets and understand the pattern and the premium movements.
   • Study and make your own strategies.
4. Start with Investment in quality stock and create a good portfolio and profit by trading on the equity and then enter into the derivative market trading
5. While trading on derivative products like futures and options.
   • Never trade without a proper stop loss in mind.
   • Never trade against the market trend and never go for a revenge trade.

Conclusion:

Both the Options and Futures are derivative products designed to protect the investor’s funds through hedging and for making a profit through speculative trading. Both the financial instruments are slightly complex than the normal trading on Equity and Currency. Hence we recommend learning options trading strategies and from traders or from the books in India by the Indian authors.

Best books for making money.

Best books about Warran buffet.

Options support a variety of trading strategies for seasoned investors, but they do carry risks. Learning about different strategies, pricing factors, volatility, option Greeks to books profits.

Thanks & Regards

MyMoneyBooks

High-Sea Sales is one of the best commercial transactions for the international trade of goods among the countries. It is applicable to both the transit in cargo as well as air transit. In this article, we will cover the basic details about the high sea sales and their benefits and drawbacks for the parties involved in the international trade.

Advantages and disadvantage of High Sea Sales:

High Sea Sale (HSS) means Sale Transaction happens when goods are actually in transit at High Sea i.e. during transit between the Loading and Discharge port. The date of transaction (agreement) should be between dispatch and arrival date of the vessel at the Port of delivery.

• High Sea Sales usually executed by Traders, who buy in a large quantity of good and then sells to other buyers at Destination Country in small quantity.

Mid man traders, (who buy the good, during transit, in large quantity from the county of origin and sell in small quantity to other traders in destination county) will get the prime benefit of the High Sea Sale, as they get the Tax exemption as the transaction happened outside the Jurisdiction of any of the county.

The Advantage of High Sea Sales:

• Goods can make available with a short period to the final buyer.
• For the final buyer, small quantities can be bought.
• The first buyer can get goods at reasonable/ cheaper prices in large quantities.
• Tax benefits to the mid-man traders.

The disadvantage of High Sea Sales:

• For High Sea sales, traders need to undergo cumbersome documentation and procedures.
• Loading of pricing of the goods for Customs assessment.

How an Indian customer can buy goods from foreign Manufactures.

There are money methods are followed by the Indian customers to purchase goods from foreign manufactures. Indian customers can choose any of the methods convenient for them as per their business plan and sales strategy followed.

Method 1: Direct order on Indian distributor in INR:

If customers need to buy the products from foreign manufacturers in INR who have an Indian representative company or the distributor of the manufacturer can support the services by importing the products and supply the products to the customer’s door step after all the formalities such as customs clearance, GST, etc.

• Indian Partner will get the service charge for these activities and the amount collected from customers for customs clearance and GST will be paid to appropriate agencies in the Government of India.

In case of any repair of the products which is under warranty period or customers experiences, any kind of non-compliance to the specification confirmed by the OEM ( Manufacturer ), then Indian distributor needs to take care of the to and fro of the shipment of the goods to abroad manufacturer and get it repaired and hand over back to the customer.

• Indian distributors need to take care of the repair charges if the product is under warranty.

Method 2: Direct order on Manufacturer in Foreign Currency:

Indian customers can place direct Purchase Orders to the foreign OEM’s and if that foreign OEM has an Indian distributor and customer can ask the Indian distributor to import the product to India. In those cases, Indian distributors need to do the necessary logistic coordination and take care of logistics to import the products to India.

• There are many Commercial terms, internationally followed for the intentional sales like Ex-Work, CIF, FOB, DDP, High-Sea Sales

Among all, Ex-Work is the best sales term for the international seller and DDP is the best term for the buyer. High-Sea Sales is one of the best commercial terms which is beneficial for both the buyer and the seller.

• In High sea sales, the liability of the international seller is limited and the buyer will get the tax benefit.

High Sea Sales terms:

High Sea Sales are a sale carried out over the sea, by the carrier document consignee to another buyer while the goods transit is on high seas or after dispatch of goods from the port of origin and before goods arrive at the port of destination.

• A High Sea Sales agreement signed after dispatch of goods from the port of origin & prior to their arrival at the destination port.
• The High Sea Sales agreement should be on stamp paper.

On concluding the High Sea Sales agreement, the bill of lading (B/L) should be endorsed in favor of the new buyer of the goods.

High Sea Sales for air shipment:

In respect of air shipment, the High Sea Sales seller should write to the airline agent informing that a High Sea Sales agreement has been established with the High Sea Sales buyer and that the carrier document should therefore be considered as sanctioned in favor of High Sea Sales buyer and the carrier should be file the Import General Manifest (IGM) in the name of the buyer of High Sea Sales.

• If the electronic data interchange (EDI) system allows the name of the High Sea buyer to be entered into the system, then there may not be any need to amend the Import General Manifest (IGM). In this case, the bill of entry/exchange (B/E) is filed in the name of the original exporter as the IGM is in this importer’s name. However, the bill of exchange (B/E) or bill of entry should show the name of the buyer of the High Sea sales in the B/E format under a separate head.
• If the system doesn’t have the provision for showing the name of the High Sea buyer on the B/E, then the IGM should be amended and B/E filed in the name of the High Sea buyer.

High Sea Sales for the cargo in freight:

In the case of High Sea Sales, the cargo in freight value for calculation of duty is taken to be the High Sea Sales value. It should further confirm that the buyer will bear the cost of clearance of goods and all the risks involved.

• The Agreement is normally prepared by the seller and the Buyer signs the same as a mark of acceptance. Anyone copy of the Bill of lading that is not marked as “not negotiable” can be endorsed.

The copy is first endorsed by Bank, then by the importer. Once the bill of lading is endorsed, all the import documents must be retired from Bank. Even the correspondence with Bank helps to establish the dates at times.

• In the acknowledgment, all the documents along with the original bill of lading duly endorsed should be handed over to the buyer.
• In fact, data is crucial. This date can be any date after the documents are retired and before the duty is assessed.

• There is no bar on the same goods being sold more than once on high seas. In such cases, the last High Sea Sales value is taken by customs for purposes of duty levying.

The last High Sea Sales agreement should give an indication of previous title transfers. The last High Sea buyer should also obtain copies of the previous High Sea Sales agreement as such documents may be called upon by the customs.

• High Sea Sales are also applicable to goods imported by air. In High Sea Sales, The word Sea which is appearing in it should not be constructed by its grammatical meaning.
• As long as the sale is formalized after dispatch from seller port and before reaching the airport at the destination, such sale is considered as High Sea Sales.

If the High Sea Sales does not mind disclosing original import values to the buyer of the High Sea sales; in such cases, it is better in the point of view of custom clearance for the seller to endorse the invoice, Bill of Lading, packing list in favor of the High Sea buyer.

• The endorsement should read “Transferred on High Sea Sales basis to M/S ________________ for a sales consideration of (currency and amount in that currency)”. Such endorsement should be signed and stamped by the High Sea Seller.

Tax Benefits of High Sea Sales:

High Sea Sales is considered as a sale process carried out outside the jurisdiction territorial of the county of the buyer. Accordingly, no sales tax is levied in respect of High Sea Sales.

The customs documents (B/E) are either filed in the name of the High Sea buyer or such Bill of Entry has an endorsement indicating the High Sea buyer’s name. The title of goods transfers to the buyer of High Sea sales, prior to entry of goods in jurisdiction territorial of the county of the buyer. The delivery from customs is therefore on account of High Sea buyer.

• The CENVAT (Central Value Added Tax) credit in respect of CVD (Counter Veiling Duty) paid on import is entitled to the High Sea buyers. High Sea Sales goods are entitled to classification, rates of duty, and all notification benefits as would be applicable to similar import goods on normal sale.

High-sea sale transactions or imports will attract Integrated Goods and Services Tax (IGST) only once at the hands of the last importer on the final price of the item.

Levy of GST on High Sea Sales:

The GST Council has already decided that IGST on high-sea sale transactions of imported goods, whether one or multiple, shall be levied and collected only at the time of importation that is when the import declarations are filed before the Customs authorities for the customs clearance purposes for the first time.

Responsible person for the Payment of GST for High Sea Sales:

The last buyer in the chain of high sea sales would be required to furnish the entire chain of documents to the authority, such as original high-seas-sales-contract, invoice, details of charges paid, etc, to establish a link between all the contract and the transactions happened.

The final buyer is responsible for payment of GST and submission of the necessary documents required for the customs clearance of the goods in the destination county.

Conclusion:

As High Sea sales is carried out by the actual consignee to the buyer while the material or the goods are on transit in high seas or after goods dispatch from the port of loading and before the arrival at the port of discharge, it is more convenient and equally beneficial for both the parties involved in the transaction.

HSS goods are entitled to classification, all notification benefits and rates of duty would be applicable as a normal sale during the import of goods.

If you would like to add any further information, please comment on the comment line.

Content Contributor: Anish M.

For the improvement of business, we recommend reading the following articles on this site.

• 7 best business strategy books.
• 7 best business plan books.

Thanks & Regards.

MyMoneyBooks

Best Money Management Books helps those who are always worrying over money, great at spending and terrible at saving for basic needs, to manage money effectively.

If you want to learn the most simple yet effective ways to money management and budgeting, If so, then keep reading below listed best money management books. Below is the list of authors who contributed to this list of 7 Best Money Management Books.

1. Mike
2. Scott Trench.
3. David.
4. Jean Chatzky.
5. Jason Delucci.
6. Taylor Medine.
7. Rock Bankole’s.

If you are interested to know more about the best money-making books, we recommend you to check the below 3 blog posts on this site.

• 7 best money-making books.
• 7 best passive income books.
• 7 best personal FInance books.

Want to know more about personal finance, financial engineering, avoid financial mistakes and achieve financial freedom? Then scroll down the page and check out the list of the 7 best money management books listed in this article.

Book 1: Profit First.

Author:

Mike Michalowicz is a popular speaker, a former columnist in The Wall Street Journal, and co-founder of Profit First Professionals. He has founded and sold two multi-million dollar businesses. He always shares his insights on entrepreneurship and business through different media like TEDx, creativeLIVE, etc.

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The best money management book, Profit First by Mike Michalowicz helps to transform your business from a cash-eating monster to a money-making machine in a short period of time.

Sales – Expenses = Profit.

Mike Michalowicz, a Serial entrepreneur has developed an approach to flip this accounting formula: Sales – Profit = Expenses, and it is shared over the book.

This book teaches you how to take profit first and apportioning remaining only for expenses,

Michalowicz’s Profit First help readers in learning:

• Simple principles for making accounting easier to manage.
• How a small, profitable business is worth more than a large business.
• How Businesses that sustained profitability have a better shot in long-term growth achievement.
• Game-changing roadmap for entrepreneurs to make dreamed money.

With case studies, step-by-step practical advice, and his sense of humor, Michalowicz has helped readers to achieve the money they look for.

Book 2: Set for Life.

Author:

Scott Trench currently lives in Denver, Colorado and he is the CEO and co-host of the BiggerPockets Money Podcast, also a real estate investor and broker, and a bestselling author. Through his books and podcast, the audience will be able to work on any job, business, and achieve financial independence and retire young.

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Scotts’s best money management book, set for life helps you to learn how to build a stable financial foundation and carry you through times of economic uncertainty.

• Accumulating a lifetime of wealth in a short period of time involves working smarter and harder than the average person.

This book helps you to understand, how to start with zero savings and how to work your way to a five-figure and then to six figures income, and finally to financial freedom.

The audience will learn:

• How to save more income even while still having fun.
• How to double or triple your income, within three to five years.
• How to track your financial progress.
• How to build frugal and efficient habits.
• How to secure “real” assets and avoid ”false”.

This book teaches the fact that building wealth is always possible, even for a median income earner, while working full-time, and making up for negative net worth.

Book 3: Financial Management for Beginners.

Author:

David had worked for many prestigious companies and teaches many of his audience about how to manage money effectively. Through his books, he shares his practical experience about how to manage money effectively.

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The bestseller book Financial Management for Beginners by Mr. David explains the importance of the need for a budget to manage money. Through this book, he basically explains the 3 important requirements needed for Financial Independence.

• Personal Planning.
• Money Mindset.
• Discipline.

Financial Management for Beginners help you with the following,

• How to start money management and get ahead to achieve a total money makeover.
• Experience life free of financial stress, late payment fees, debts, due bills, etc.
• Gain financial intelligence, freedom, and peace.
• How to budget better way and become richer.
• How to budget guidelines, flexible spending, and savings rules will change your life.

In addition, This personal finance budgeting book will provide you with the following information:

• How to create a financial plan.
• How budgeting helps in meeting the goals.
• Different methods of budgeting for beginners.
• How to overcome compulsive spending habits.
• Methods for trickling and consolidation of credit card debt.

By following the tips mentioned in this financial planning book and budgeting guide you will get your financial freedom.

Book 4: Women with Money.

Author:

Jean Chatzky is an in-demand motivational speaker, Financial Ambassador and a fierce advocate for financial literacy, and best-selling author of 11 books. Jean’s HerMoney Media and HerMoney.com website provide women with information about the money they can actually trust. Jean has also appeared on shows including MSNBC, CNN, Oprah, The View, The Talk, and many others.

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Content:

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The bestselling book of Jean Chatzky helps the audience to get independence, security, a better world with choices. Through Chatzky’s detailed reporting with the world’s top economists, behaviorists, financial planners, psychiatrists, and attorneys, as well as her own experience in the field of finance, the audience will learn:

• Explore more about the relationships with money.
• How to take control of their money.
• How to use the money to create the lives they want.
• How to get inspired to start businesses.
• How to invest for tomorrow.

By reading these books, readers will be able to raise independent and send kids to college, leave a legacy, care for their aging parents and bring them joy.

Book 5: Minimalist Budget. 

Author:

Jason Delucci is a minimalist, financial learning motivator, who has perfected the art of decluttering his life. He helps his audience to improve their financial knowledge including budgeting and investing basics for beginners.

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Content:

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The best money management bestseller book, Minimalist Budget by Jason Delucci will help to grow your dough, minimalism money management, budgeting like professional, personal finance, and investing basics for beginners.

• This book will provide personal finance strategies & money management models for its audience the efficiently streamline, stabilize and grow finances in almost autopilot mode.

He not only states the technical aspects of allocating money and budgeting but also covers the psychological tools to make it work.

In Minimalism Series – you will learn:

• Why you must make money inventory.
• The simple and effective cutback will make a drastic difference in your bank account.
• 3 simple steps for paying off all store bills and credit cards.
• How to build a perfect “Personal Economic Ecosystem”.
• What to do first with every paycheck.
• Money management models.
• Psychological trait you must adoption life to put this all together

And much-much more…

Minimalist Budget provides tested methods to resist the temptation of spending while improving saving habits. These straightforward and actionable steps will help even those who failed with budgeting in the past, to achieve financial goals.

Book 6: The 60-Minute Money Plan. 

Author:

Taylor Medine is a personal finance writer and a Certified Financial Education Instructor. He is also the founder of a personal finance and lifestyle website TayTalksMoney, which teaches recent college grads, how to live a baller life without going dead broke.

More Books: https://amzn.to/3A9cFHf

Content:

Buy from Amazon: https://amzn.to/3h45x7s

The 60-Minute Money Plan by Taylor Medine is a short & sweet workbook for those who hate budgeting.

With a straightforward approach and best-friend tone, the contents of this budget planner book teach you basic money management skills without unnecessary jargon and intimidating vocabulary words.

• The bestseller The 60-Minute Money Plan is a beginner-friendly guide for creating a simple budget that can maintain without a great deal of effort for financial freedom.
• This financial budget workbook has a 60-minute exercise you’re meant to do in one sitting.

Irrespective of the income which you make, The 60-Minute Money Plan will help you to make the most of the income you earn.

BOOK 7: Money-Saving Tips.

Author:

Rock Bankole’s personal improvement self-help and entrepreneurship books and blogs help you to overcome life’s difficulties and challenges and finding opportunities to achieve an even greater personal and financial life. He always delivers practical and proven strategies that can be implemented right away in anyone’s life.

More Books: https://amzn.to/35ZQyFu

Content:

Buy from Amazon: https://amzn.to/2Udy15B

The best money management book, Money Saving Tips by Rock Bankole’s shares easy tips & ideas to manage and save money, and achieve financial freedom.

• This book helps the readers to become good at dealing with day-to-day financial matters.
• Help in change your financial life and thought process and protect you and your family from an economic disaster.

Moreover, you will learn how to think like financially successful people.

Quick view of what you will learn:

• Simple techniques for the money-saving master plan.
• How to think and act smart with your money.
• Powerful Technique to make your saved money work for you.
• Technique to develop money-saving habits and much more.

In addition, through this book, you’ll discover an easy and step-by-step guide that reveals the secret to saving money effectively as well as the fundamental and basic economic principles everybody should know.

CONCLUSION:

Most importantly, many people do not make financial provisions for emergencies, unexpected events, and the economy exposed. Whether it’s about buying a new house or simply picking up the groceries, money is the biggest cause of stress in the world today.

If you in this category, getting your finances under control is a desirable thing to achieve. Leave money struggles for yesterday and click the link to the Amazon page and then the “Buy now” button of your favorite book listed above and start studying. Start budgeting today and manage your finance as well as you want them to be.

Below is a quick view of all the best money management books.

1. Profit First by Mike
2. Set for Lifeby Scott Trench.
3. Financial Management for Beginners by David.
4. Women with money by Jean Chatzky.
5. Minimalist Budget by Jason Delucci.
6. The 60-Minute Money Plan by Taylor Medine.
7. Money-Saving Tips by Rock Bankole’s.

Which book you prefer to read first. Please comment on the below comment box. If you are aware of any other book, which can be the part of 7 best books, please let us know over the comment box.

Thanks and Regards.

MyMoneyBooks.

There are numbers of best Indian stock market books by Indian authors for trade beginners are available in the market to help the traders to become professional. As there is a big list of books on investment in India, we should be careful in choosing a suitable book to read and learn from it.

• For those who are interested in the topics like equity investment, we recommended reading the article 7 best investment books by Indian authors.
• If you would like to know and learn more about the stock market, we recommend checking the 7 best investment books written by world-famous investors.
• Also, a list of the 7 best books about warren Buffet will help you to fine-tune your investment through the process.
• If you are new to the stock market and do not know how to start we recommend you to check Tip for  Stock Market Beginners.

Book in this blog, best Indian stock market books by Indian authors for trade beginners is specifically selected for the newbie traders, who want to get expertise in it. Below is the list of authors who contributed to this list of best stock market books by Indian authors.

• Justin Kuepper
• Mahesh Chandra Kaushik
• Ankit Gala.
• Jitendra Gala.
• Khushboo Gala.
• Ravi Patel.

5 step tips to success in share market traders:

50 Share market Q&A

If you are interested to know more about mutual funds and books on investment in India, we recommend reading the blog Mutual funds and Mutual fund advantages in this article.

Below is the list of Best stock market books in India by Indian authors for Beginners.

Book 1: Day Trading.

Author:

Justin Kuepper is a software developer and worked as a freelance writer in the domain of value investing and active trading. He shared his experience and knowledge through his financial publications over the years with fellow readers. Being an active trader and investor, Justin has worked with many financial industry startups as a software developer and a consultant.

Content:

Buy from Amazon: https://amzn.to/3vzJoly

One of the best Indian stock market books by India author for trade beginners by Justin Kuepper “Day Trading” helps the readers to Beat the system and make money from the share market in any market environment.

By the term “day trader,” most people imagine the stock market floor is packed with many traders and they are always yelling ‘Buy’ and ‘Sell’ – or someone who becomes broke and ended up just like that. But in reality, in these days, investing and active trading isn’t just only for the brilliant, it can be expertise by anyone and move to ensure financial well-being.

For the newcomer to the day trading, it can be a complicated process as they are not aware.

• Where to start:
• How can approach trade effective way?
• What all need to take care of to become a professional?

This book on trading and investment in India is an ideal solution for all these questions. With this book “Day Trading” you’ll get the basics about all these queries.

Once you get the basic, then:

• Understand the Psychology of Trading.
• Learn the truth about trading.
• Master in charting and Pattern-recognition.
• Study Options trading and establish trading Strategies & money management.

Book “Day Trading” will help you to learn and make money using your own computer at your comfort.

Book 2: 41 Tips For Success In Share Market.

Author:

Mahesh Chandra Kaushik was a teacher, and had Bachelor’s Degree in Science, and had work experience in Commercial Taxes Department and in Revenue Department. Presently he provides free research analyst reports to his followers on his social media platform.

Content:

Buy from Amazon:  https://amzn.to/3iSHSbj

Through this share market book for trade beginners, 41 Tips for success in share market, by Mahesh Chandra Kaushik shared his 15 years of experience in trading as 41 tips, which are essential for all types of traders and investors who seek to earn profits from share market.

This Indian author’s book on the stock market is based on the research analysis of Mr. Mahesh Chandra Kaushik in the share market. This investment book by Indian authors reveals the fact that with the advent of discount brokers and the increase in retail investor’s participation in trading, options, and delivery, the old techniques used in the stock market are become almost ineffective now.

The time has gone when the investors used to hold the stock for a long time to get 15 to 20 percent return. At present, most retail investors,

• Trade directly in intraday trading and making a profit in a single day.
• Through the call and put options a week.
• Taking a small amount of Profit in swing trade in a short time period.

This best Indian stock market book by India author for trade beginners is written in this latest context and the author has made a meaningful effort to share his knowledge and many useful things in few words by incorporating his tips can effectively be used in intraday trading, options trading and swing trading.

Book 3: Options Trading Handbook.

Author:

Mahesh Chandra Kaushik:- Check the details above.

Content:

Buy from Amazon: https://amzn.to/3qaYayb

Mahesh Chandra Kaushik’s book “Options Trading Handbook” is one of the best Indian share market option trading books for beginners. This book is written in an autobiographical style, describes how Kaushik went to teach options trading to a common waiter named Ghisu Bhai.

Even though there are many books on trading accounts and options trading, you wouldn’t find the knowledge that this book “Options trading handbook” provides. This book provides you descriptive knowledge on options and option Greeks etc.

• The practical concepts in this book on options trading help even a semi-literate person come to the stock market to use option trading to get rich.

This book covers the topic in very simple language about the latest information right from the ABCs of options to option Greeks. Through this book, Kaushik explains complex subjects of options in very simple terms. As this book written in the format of storytelling, you don’t get bored in reading and learning from it.

Book 4: Guide To Intraday Trading.

Author:

Mr. Ankit Gala & Mr. Jitendra Gala has been educating Indian’s about Share Market Investing and Trading for a long time and have about two decades of vast experience in the Indian Stock Market. They together authored many best-selling books on Stock Market, Mutual Fund, Fundamental Analysis, Investment Planning, Investing, Intraday Trading, Future and Options, Option Strategies, Forex Trading, Commodity Market, Investing in IPO’s, etc.

 Content:

Buy from Amazon: https://amzn.to/2TO33B6

Indian share market books for trade beginners by India authors Mr. Ankit Gala & Mr. Jitendra Gala, “Guide To Intraday Trading” is a very helpful book for the stock market beginners as well as Intraday professional traders.

In Day Trading or Intraday Trading, all the positions are closed within the market closes time. Nearly 90% of new market players are more interested in Intraday Trading because Intraday Trading requires very little capital, doesn’t need to carry overnight risk and money can be equally made in falling and rising market.

However, many people lose a large amount of money in Intraday Trading because of many reasons, few are listed below,

• Excessive use of leverage.
• Fail to trade-in disciplined manner.
• Avoid market risk management measures.
• Avoid the use of a stop-loss.
• Convert losing Intradaypositions into delivery positions.

These best Indian stock market books by Indian authors for trade beginners help newcomers and experienced traders to understand more about the basics of Intraday Trading and how to make money from the stock market using small capital through Intraday trading. This books on trading and investment in India contain the details of,

• Profitable Intraday entry and exit strategies.
• How to select the right stocks and quantity for Intraday trading.
• How to use technical analysis effectively for day trading.
• Best Intraday trading times.
• Things need to be avoided in day trading.
• Risk management, trade mind games, and trading psychology, and a lot more.

This book equips the reader with all the knowledge and resources required for successful Day Trading.

Book 5: Guide To Future & Options.

Author:

Ankit Gala & Jitendra Gala:- Please refer above for more details.

Content:

Buy from Amazon: https://amzn.to/2Sf5rAq

This book by Authors Ankit Gala & Jitendra Gala, Guide To Future & Options is an introduction for the new and professional traders to the world of derivative products. These best stock market books by Indian authors for trade beginners explain the applications and ways of making money using derivative products from the Stock Market.

• Futures and Options on individual stocks as well as indices.

In India, Derivatives products like Futures and Options (Calls and Puts) are mainly used for speculation, arbitraging in Stock Markets, and Hedging. As derivatives are a leveraged product, as a newcomer you must be careful before trading on them. You need to be disciplined and use risk management techniques to avoid losses which are explained in this book.

This Book teaches various terminologies associated with Futures like

• Spot price, Futures Price, Premium, Discount, etc,
• Contract Cycle and Expiry Date
• Cost of carrying and Initial Margin, MTM Margin, etc.

Also teaches various Options terminologies like.

• Call and Put Option.
• Strike Price, Expiry Date, ITM – ATM – OTM Options.
• Intrinsic and Time Value of Options, etc.

In addition, the book will teach you the pricing and valuation of  Futures and Options (Black and Scholes Model), the importance of Volatility and Open Interest, etc, and also teach you how to trade in Stock Futures, Options, Index Futures, and Index Options, etc.

Book 6: Fundamental Analysis Shares- Become An Intelligent Investor.

Author:

Ankit Gala & Khushboo Gala have vast experience in the Indian Stock Market and they are well-known authors in Indian. They authored together, two best-selling books about the Indian stock market called Fundamental Analysis of Shares and Investment Planning. For a long time, they have been educating Indians about stock market Investing.

Content:

Buy from Amazon: https://amzn.to/35B6EoH

This fundamental analysis book by Indian authors Ankit Gala & Khushboo Gala is an ideal book for Indian share market swing traders. The Fundamental analysis is one of the prime methods of evaluating the intrinsic value of shares for finding short and long-term investing/ trading opportunities in the share market.

This best Indian stock market books by India author for beginners will teach retail investor or the trader about the basics of fundamental analysis so that they can confidently invest in shares having sound fundamentals to grow their capital.

This best stock market book by an Indian author will help you to learn how intelligent investors make millions by discovering multi-bagger stocks and investing in them. The book also includes the principle of value investing which is used by the legends like Warren Buffet, Benjamin Graham, and Peter Lynch to make millions of money.

• These investment books by Indian authors help you to understand, how to check the detail of the key components of the annual report and financial statements like balance sheet, cash flow statement, and profit and loss account of a company.

This fundamental analysis books by Indian authors explain the importance and help you to learn about financial ratios like profit margins, fixed asset turnover ratio, roe, roce, roa, current ratio, corporate actions, working capital turnover ratio, inventory turnover ratio, interest coverage ratio, debt to equity ratio, receivables turnover ratio, price to earnings (p/e) ratio, price to growth ratio (peg), price to book value (p/bv) ratio, the enterprise multiple, dividend yield, etc.

Book 7: Guide To Technical Analysis & Candlesticks.

Author:

Mr. Ravi Patel is a visiting faculty member of many Management Institutes and he graduated from Ahmedabad, Gujarat. He conducts many workshops and Technical Analysis Courses across the county. He writes articles in many leading newspapers and stock market magazines.

Content:

Buy from Amazon: https://amzn.to/3vEGZ9f

Mr. Ravi Patel’s book “Guide To Technical Analysis & Candlesticks” is one of the best books for the Indian share market traders. This Book will teach investor or the trader the basics of Technical Analysis.

• Technical Analysis is the method of examination of past price performance to forecast the price movements of the future to identify trading opportunities.

These best Indian stock market books by Indian authors for trade beginners help the traders to pick the right share at right time to make a profit from investing or trading in them.

The book will help you to

• Understand how to use various technical analysis tools like support & resistance, patterns, moving averages, candlestick, different charts, technical indicators, and oscillators with help of case studies.
• How to manage risk using stop losses effectively and how to exit trades to book maximum profits.
• Technical Analysis Concepts for Intraday, Short Term Position, Swing Trading, BTST, Futures &Options, and in deciding perfect entry and exit timings for Investing and trading.
• Technical indicators like Doji, Star, Piercing Line, Dark Cloud Cover, Hammer, Hanging Man Engulfing Pattern, etc.
• Chart Patterns like Head & Shoulder, Double Top, Double Bottom, Rounding Bottom, Inverted Head & Shoulder, Rising Wedge, Triangle Patterns, Flags, Price Channels, Cup & Handle, et.
• Technical Indicators like MACD, RSI, ROC, OBV, Moving Averages, Distribution, Accumulation, Bollinger Bands, etc

In addition, this best stock market book by Indian authors teaches you about the stock selection strategies used in Volatile Markets along with various case studies.

CONCLUSION:

We recommend you to buy at least one Indian author’s book on the stock market among the list from Cart or any other cart using the respective link to start your professional journey as an investor or a trader in the share market.

These best stock market books by Indian authors are also helpful for those who are not directly investing in stocks but investing in equity through mutual funds and want to invest directly in the stock market.

We hope, you enjoy the list of these technical and fundamental analysis books by Indian authors which we have suggested above. Below is a quick list of the 7 best stock market books by Indian authors.

1. Day Trading by Justin Kuepper.
2. 41 tips for success in the share market by Mahesh Chandra Kaushik.
3. Options Trading Handbook by Mahesh Chandra Kaushik.
4. Guide To Intraday Trading by Ankit Gala & Jitendra Gala.
5. Guide To Future & Optionsby Ankit Gala & Jitendra Gala.
6. Fundamental Analysis Shares: Become An Intelligent Investor by  Ankit Gala & Khushboo Gala.
7. Guide To Technical Analysis & Candlesticks by Ravi Patel.

All the listed books in the best stock market books by Indian authors will help you to learn about the share market and how to make a trade like a professional.

We recommend you to check the Cognizant page for the different topics in this blog site regarding the share market, Investing, trading, and the Money making leanings.

Thanks & Regards.

MyMoneyBooks.

The stock market and stock exchange are connected to each other in their operations.

The stock market is a market where public listed companies are listed and regular activities of buying, selling, and issuance of shares take place in the exchange associated with it.

Financial activities like transactions in stocks and other forms of securities in the market are conducted through institutionalized formal exchanges and operate with a set of regulations. There can be multiple stock markets and exchanges (trading venues) available in a country.

• In Stock exchange, in addition to stocks/equities, other financial products like exchange-traded funds (ETF), corporate bonds, commodities, currencies, and other derivative-based products are also traded.

Eg: The leading stock exchanges in the U.S. are New York Stock Exchange (NYSE) and Nasdaq, in the case of INDIA, it is the Bombay stock exchange (BSE) and National Stock Exchange (NSE).

The most important factor is that the Stock exchanges are the base of measures of a countries economy where industrial development, financial growth, and firmness are mirrored through the index of the respective exchanges.

Significance of the Stock Market

• The stock market helps individuals investors to use their savings and investments to channelized productive investment for the capital formation & economic growth of the country.
• Stock markets enable democratized access to investment and trading for investors of all kinds in the country.

What is the difference between the stock market and the stock exchange?

Even though, both the terms stock market and stock exchange are used interchangeably by the investors and traders, the reality is, the stock exchange is only a subset of the stock market.

The stock market is the place where companies list their equity shares for the public to invest or trade. Stock exchanges are an infrastructure, which is the part of the stock market, that facilitates the trading ( Buy or Sell) of those equities or stocks of the listed companies.

• The difference between the stock market and the stock exchange is the stock market is for the listing of equity shares, and stock exchanges are for trading listed equity shares among public investors.

Without a stock market, companies can’t list shares, and without a stock exchange, investors can’t buy or sell it. I.e. for the smooth transaction of equities of the listed companies, between the investors both the stock exchange and stock market need to function together. Stock exchanges can be electronic or manual in their operation, now most of the exchanges are working online.

Benefits of Stock Market & Exchange:

The benefits of the Stock Exchange are equally for the listed companies and the investors. Listed on a reputed stock exchange is considered as one of the prime prestigious factors, in showing the overall companies business.

FOR COMPANIES:

A few of the benefits of the stock market and stock exchanges for the companies are listed below.

Raising capital:

By listing a company in the stock market, they can raise the capital for its operations from the general public.

Collateral value:

For a listed company it is easy to get credit facilities from any financial institutions and accepted listed securities as collateral as they are deemed more credible.

Increased Value:

The Companies listed on a reputed stock exchange will get a higher market reputation than the non-listed companies, which in turn increases their credibility.

FOR INVESTORS:

A few of the benefits of the investors from the stock market and stock exchange are listed below.

Easily participation:

Through the stock exchange any retail investor, who has the Demat and trading account can easily purchase and hold the shares of many large companies, very easily.

Liquidity:

Listing in the share market and trading in the stock exchange helps shareholders for easy liquidation of their holdings. As now every transaction is over the online portal, it is much more convenient for the companies and shareholders to liquidate and acquire the shares.

Fair price:

As the prices of listed shares are decided by the forces of demand and supply in the market and price manipulations are monitored and regulated by the exchange, investors can get the shares of any company at a fair price.

How to buy stock in the share market and Stock Exchange:

The first step is to open a trading and Demat account with any stockbroker and then the investor can easily buy and sell stocks through the trading platforms provided by the broker in the stock exchange electronically.

If you want to invest in the stock market and you are a beginner, it is ideal to understand how the stock market function and then open an account with a suitable broker and select a suitable company to invest and buy stocks from the stock exchange through the trading platform provided by the broker.

Open Demat Account

Which stock market is best in the world?

All most all countries have their won stock market and exchange to trade the shares of the listed companies of that country and the foreign companies. There are many factors that decide the quality of the stock exchange, the prime factor that needs to consider is the total market cap of all listed companies in it.

History of Stock Markets:

London stock exchange is considered as the official first stock market in the world started in 1773 in a coffee house, where investors and traders used to meet to exchange their shares.

The New York stock exchange is the first stock exchange in the United States of America started in 1790. It is started with an agreement between 24 traders. The traders structured and renamed it in 1817.

Followed by these stock exchanges, different countries started their own stock exchanges for trading the shared in their respective land.

List of the largest 15 Stock Exchange in the world:

Here is the list of the biggest 15 stock exchanges in the world, where investors are dealing in securities, derivatives, commodities, and other financial equipment. In all these exchanges the securities of the companies are bought and sold with regulation and clear-cut rules formulated by the respective counties’ regulatory authorities. The list is based on the total market cap and it governs in operation to make sure the fair trade.

The ranking may vary on the basis of market cap as it is decided by the demand and supply in the market. The market cap and listing count figure in the table is approximate as of the date May 2021, as it is varying day by day.

Understanding the Stock Market:

The stock market and the stock exchange is a dedicated market platform where buyers and sellers meet, interact and execute the transaction.

Share market, the trading platform can be considered as an online shopping site like Amazon, where buyers can check the price, compare the price offered by different sellers, identifying the quantity of no of sellers and buyers, to get the best deals and forcing the various sellers to offer the best price. In the share market and stock exchange, instead of products in online sites, they are trading equities of the listed companies.

• Now share market and stock exchange brings lakhs of market participants to Sell and Buy shares, in a controlled and managed way to ensures fair pricing practices and transparency in transactions electronically.

Only the stocks, bonds, and commodities of the listed companies are allowed to participate in stock exchange trading. The companies which are not listed can trade in an ‘Over The Counter Market’.

How the Stock Exchange Works:

The entire process of trading in the stock exchange is executed over an electronic limit order booking. Once a buyer places an order, it is automatically searching for a perfect price match by the trading computer to a sell order.

In the stock exchange, all the buyers and sellers can check the price of all the transactions as it is available publicly. Market participants can place the order in any financial instruments on the stock exchange through a stockbroker, with whom they have a trading account.

Stock markets act as two types primary markets and secondary markets on the basis of their operation.

Primary Market:

In the primary market, companies can sell the shares to the public for the first time to raise necessary capital from investors. This process is called initial public offerings (IPO).

The Investors will get company shares by paying the lot size cost decided by the authorities. In general, during IPO, shares are sold in lot size, it may vary from few quantities to a few 100 of no’s.   Investors can hold these shares for their preferred duration, or they can sell them later in the secondary market.

• The stock exchange charges a services fee from the company as well as from the financial partners for the service IPO process.

The first-time share issuance is called the IPO, also called listing of share and after that, if companies again release additional shares into the market for the investors, it is called follow-on public offering (FPO). Follow-on offerings by a company are also known as secondary offerings.

Secondary Market:

The stock exchange facilitates a trading platform to the investors and traders for buying and selling of the listed shares (Got over IPO / FPO) among themself. This facility offered by the share market is called the secondary market. The stock exchange ensures a fair price, transparency, liquidity, and fair dealings for every trading activity.

• The stock exchange charges a fee for every trade that occurs on its platform, and for the service it offers from the brokers in turn from the investors.

Type of Stock market and stock exchange participants:

In a stock market and stock exchange, there are many different types of participants associated. Each participant has a unique role, which may be intertwined and interdepend to make the market run smoothly.

Investor:

Participants who buy stocks and hold them for long period like 1 month or too many years until to get a fair price to sell and book profit as a capital gain.

Trader:

For participants who enter and exit a position within a day, the duration of trade may as low as a few seconds or hours until square off to book profit.

Stockbrokers: 

Participants who are licensed professionals or a company that can buy and sell stocks on behalf of investors. They are intermediaries between the investors and the stock exchange. They provide the Demat and Trading account for the investors and provide access to the share market through it.

Market maker: 

Participants who provide liquidity in the market for trading. They post the bid and ask prices and maintain an inventory of shares. They maintain the details of the bid and the asking price quoted in a market.

Hedger: 

Participants who trade in derivative products and mitigating the risk involved in share market investments.

Portfolio managers: 

Participants who create the portfolios of securities, for clients. These professionals managers get recommendations from different analysts and take decisions for the creation of portfolios for Mutual funds, SIP Funds, hedge funds, etc. They develop investment strategies for the money they hold on behalf of the investors.

Investment bankers: 

Investment bankers help various companies during the IPO, mergers, and acquisition process. They take care of the entire listing process and manages the requirements of regulations in the stock market on behalf of the companies.

Custodian:

Custodian is an institution, who holds the customers’ securities on behalf of them. They work in sync with the stock exchange for the to and fro transfer of the shares from the respective accounts in accordance with the trading on the stock market.

Roles and Functions of a Stock Exchange:

A stock exchange primarily serves the following functions with the support of the stock market. Both the stock exchange and the market will work in tantrums to meet the role and functions of the stock exchange in the capital market.

Trading Infrastructure:

As almost all stock exchanges function electronically, and they maintain efficient trading systems (Infrastructure) to manage the transaction of various market participants.

Data maintaining:

The stock exchanges also maintain and publish on their official websites, all listed company details, operational news, financial reporting, and announcements.

Price matching:

The stock exchange makes sure that the price matching is done efficiently and the trade executed at a fair price to both sellers and buyers.

Index Creation:

The stock exchange often creates and maintains various indexes to track the movement of the overall market-level or sector-specific, like NEFTY, SENSEX for India market and S&P 500 or Nasdaq 100 for US market.

Supporting in Inverters earning:

The exchange also monitors, regulates, maintains information, and supports the processing of the payment like dividends payout to the investors to a certain extent.

Follow on the process:

The exchange facilitates and support listed company in the rights issue, follow-on offers, buyback of shares and delist their shares.

Roles and Functions of a Stock Market:

A stock market primarily serves the following functions:

 Listing of the Companies:

Share market will verify the companies and make sure the eligibility before listing the companies in the market. If the share market identifies a company that violates the qualification criteria after listing, it will take the necessary actions to remove the company from the market.

Balanced Regulation: 

The stock market will make sure all the companies listed in it will meet all the necessary rules and regulations implemented by the authorities in the respective country. Share market makes sure all listed companies do their timely filing of quarterly financial reports and any relevant developments. Share market makes sure all types of market participants become aware of the respective corporate actions of the listed companies.

Maintain Securities Transactions details: 

The stock market maintains and provides instant access to data of current buy and sell orders price and make sure fair and transparent pricing to all the investors.

Efficient Price Discovery: 

Stock markets support stock exchange to identify the perfect price match by assessing market demand and supply and other associated factors.

Liquidity Maintenance: 

Share market will work with market participants to identify the qualified and willing to trade investors through the broker and provide instant access and maintain the balanced number of buyers and sellers for a particular financial security.

Verification of participants:

Share market ensures that all participants are verified and make sure they will adhere to the rules, and work within the legal framework and regulations, by leaving no room for any type of malpractices.

Support to every Participants: 

The stock market makes sure that all types of participants like investors, traders, etc can operate seamlessly in their desired roles and ensure the market continues to operate efficiently.

Protection to Investor: 

As there is a different category of investors like wealthy, retail, and institutional investors, the stock market provides equal opportunity to all type of investors to invest and earn again. The stock exchange used to implement necessary measures and knowledge sharing section to investors to shield them from financial loss.

Segregation of stocks:

The stock market helps the stock exchange to categorize companies in various segments depending on their capital, risk profiles, etc for the easy selection of the stocks for the investors with limited knowledge. Also, maintain and share information about the high-risk stocks to the investors to avoid losses.

Regulating the Stock Market:

In every county, there will be a financial regulator agency that works independently or an institute is assigned the task of regulating the stock market of the respective country. The prime function of these agencies is to protect investors, maintain efficient market transitions and facilitate capital formation in the country.

Example:

• In the USA: The Securities and Exchange Commission (SEC) is the regulatory body overseeing the U.S. stock markets.
• In India: Securities and Exchange Board of India or SEBI set of rules and regulations to the stock exchanges in India, to protect the investors.

How Stock Exchanges Make Money:

Stock exchanges make money from different services they offer to the market participants in the form of fees.

Transaction fees:

Stock exchange charges transaction fees for every trade carried out on its trading platform, this is the primary source of income to stock exchanges.

Stock Listing fee:

Stock exchanges charge a listing fee to the companies for the listing service during the time of IPO and follow-on offerings.

Sale of Market Data:

The stock exchange charges fees to the equity research companies for providing them the market real-time data, reference & historical data generated on the stock exchange platform.

Technology support:

Many exchanges make huge money by sharing the technology products like a trading terminal to the participants. As a premium service, some exchanges provide a dedicated network connection for fast trading against higher fees.

Premium services:

The stock exchange charges premium charges for the premium services like high-frequency trading to asset management companies (AMC), and other financial institutions.

Registration fee:

The stock market charges registration fees for different market participants, like a market maker, broker, etc.

Service License charges:

The stock exchange charges to the asset management companies for using the Index in the name of license charges. Stock exchanges charge a licence fee to third party companies for using their specific technical charts in their platforms.

Courses and Certification:

Stock exchanges provide free and paid courses and certification to market participants on various financial topics. These courses help Newbie investors to identify high return good quality stocks very easily.

Competition for Stock Markets and Exchange

All the stock markets are facing strong competition in the market in the listing of the companies and incensing the market participant count. In addition to the competition among the individual stock exchanges to get maximum transaction volume, they are facing threats from Dark pools and Blockchain Ventures.

Internal market Competition:

Most of the countries will have multiple stock markets and exchanges in the territory. Each of the share markets will try to get more market participants to associate with them by providing them premium services with lower cost and competitive fees and charges.

• Internal competition leads to compromise in the operating profits of the stock exchanges.

Blockchain Ventures: 

Due to the advancement of blockchain technology, many Crypto exchanges have emerged in the market. Many investors are moving to cryptocurrency investing from stock investing as the expected gain over the short time period is larger.

• Also now most of the Crypto exchanges are charging zero- to low-cost services charges, make it more attractive to the investors.

Dark Pools: 

The Dark pools are private exchanges that operate within private groups for securities trading. Through the dark pools security transactions, traders will get the advantage of lower transaction costs and other charges. Now more retail investors are interested in it, which posing a challenge to public stock markets.

• The legal operation validity of Dark Pools is subject to local rules and the regulations in the county.

List of Indian Stock Exchanges in India:

A stock exchange in India is the place or platform used by buyers and sellers to trade stocks during business hours 5 days a week in India through online and offline platforms.

Some companies will list only with one stock exchange and most of the big companies will list on the multiple exchanges like both in BSE and NSE or in any list of stock exchanges in India. As the Bombay Stock Exchange (BSE) and The National Stock Exchange (NSE) operate at a national level, they are the most popular stock exchanges in India.

The list of Indian stock exchanges is big, In addition to these stock exchanges, there are many active stock exchanges in India, which are registered with and regulated by the Securities and Exchange Board of India (SEBI).

Here is the list of major Indian stock exchanges in India:

Bombay Stock Exchange (BSE):

Bombay Stock Exchange BSE is Indian’s oldest and first stock exchange in Asia. BSE was formerly known as The Native Share & Stock Brokers Association. BSE located at Dalal Street, Mumbai, India. BSE is the World’s top 10th largest Stock Exchange in market capitalization.

It was founded by Mr. Premchand Roychand, the most influential businessman of the 19th century. The story of BSE starts back in the 1850s and moved to Dalal Street, Bombay in the year 1874.

One of the top Index of Indian The SENSEX was introduced in the year 1986, which was the first equity index. BSE offers varied services such as depository services, market data services, risk management, etc to the investors.

National Stock Exchange (NSE):

National Stock Exchange -NSE came into operation in the year 1992, which is one of the youngest stock exchanges of India. In 1992, Mr. Vikram Limaye is MD & CEO introduced the advanced electronic trading system which offered an easy trading facility. NSE is the 11th largest world stock exchange ( Ranking vary from time to time).

In the year 1995, NSE formed depository services called National Securities Depository Limited (NSDL) for the investors. Nifty 50 is one of the top popular benchmark indexes in the Indian stock market consist of the top 50 companies listed in NSE.

Calcutta Stock Exchange (CSE):

Calcutta Stock Exchange CSE is the second oldest stock exchange in South East Asia located at the Lyons Range, Kolkata, India. CSE was one of the largest Stock exchanges in India which is incorporated in 1908. Calcutta Stock Exchange is one of the prime stock exchange need to consider in the list of Indian stock exchanges.

Metropolitan Stock Exchange (MSE):

Metropolitan Stock Exchange (MSE) was notified as a Recognized Stock Exchange by the Ministry of Corporate Affairs on December 21, 2012.

MSE offers a hi-tech trading platform to trade in the futures & options, currency derivatives, capital market, and debt market segments of the Indian market. Indian public and private sector banks and other domestic financial institutions are the prime shareholders in MSE.

India International Exchange (India INX):

India International Exchange- INX start operation in January 2017, it is India’s first international stock exchange and the subsidiary of the Bombay Stock Exchange (BSE) located in Gujarat at the International Financial Services Centre (IFSC).

Indian INX operates 22 hours 6 days a week with the most advanced technology platform in two sessions.

India International Exchange timings

• The first section starts at 3:0 a.m. and ends at 5.00 p.m.
• The second section starts from 5:0 p.m. to 2.30 a.m.

It is also an international primary market platform in India, helps to connect global investors to Indian and foreign issuers.

NSE IFSC Ltd:

NSE IFSC Limited incorporated as the NSE International Exchange on 29th November 2016. NSE IFSC is a subsidiary of the NSE- National Stock Exchange located in Gujarat in the International Financial Services Centre (IFSC).

NSE IFSC exchange, investors can execute the securities trading in any foreign currency other than INR. NSE IFSC Limited operates 16 hours of daily in 2 trading sessions,

NSE IFSC limited operations hours

• The first section starts at 8 am and ends at 5 pm.
• The Second section start from 5.30 pm to 11.30 pm.

Conclusion:

Stock exchanges and the stock market are some of the most important capital market constituents of any country. Stock market and exchange influence the country’s financial sector and become the deciding factor of economic growth of a county to a great extent.

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