A stock market dictionary is worth its weight in gold to the new investor. There are very few industries that have as much complicated terminology and jargon as the financial markets and if you are going to make the grade you really will benefit from having a stock market dictionary at hand to refer to.
It’s not just the jargon and terminology either there are all the various abbreviations that are sprinkled around like confetti to think of as well. Of course part of the reason is the undoubted complexity of stocks and shares but there is just that sneaking suspicion the new investor will have that it is to keep the uninitiated out too. So getting a stock market dictionary will help to even out the playing field.
The great advantage of some of the very latest dictionaries is that they are grouped around particular subjects rather than laid out in alphabetical order like an ordinary one. That is a feature that you probably won’t fully appreciate until you have had the pleasure of using one of them. Or alternatively, you have made yourself dizzy flicking backward and forwards in one of the older style ones!
So do you really need to have a stock market dictionary? No, but once you have got yourself a good one to help you fathom out the impenetrable terminology you will find that your investing life becomes so much easier than before. More especially so if you have chosen one of the latest style ones. One reason for this is because with all the abbreviations that the financial markets use you can sometimes find that you are looking for the wrong definition. That could be a major problem when your investments are at stake!
Of course, this is the age of the internet so as an alternative to books you can search for financial and stock market terminology online. The important thing to bear in mind with this is that you should only use reputable and trusted sources. Remember that the ‘net is unregulated and anyone can put up a site without bothering to check their facts.
Of the two choices, I much prefer having a book if only for the peace of mind that it has been checked professionally. But either way, my advice is if you are a new investor and serious about learning the jargon you really can crack the code with a stock market dictionary.