Terms: The first bottleneck
One of the first bottlenecks for any new person to understand the world of Finance is the sheer number of terms used. Understanding these terms is the key to understand the language of finance. Most of these terms are quite simple; however their usage is often confusing
As a newbie in Finance: investopedia is one of the best websites for understanding the meaning of any term in finance that one may come across. Specifically their articles and tutorials sections are really good for beginners.
For more specific terms, wikipedia and google would be good places to look up the meaning of any term.
Reading and Newspapers
There is no substitute for regular readings when it comes to finance. Once the jargons and terms are mastered, regular reading of a newspaper is the best way to know whats going on in the world. When it comes to newspapers, some of the choices available are: Business Standard/Economic Times: Both cover the going ons in the Indian Economy, while many experts consider Business Standard a newspaper with better editorials and insights as well as a better coverage of companies Mint: The new Business Paper started by the Hindustan Times in collaboration with the Wall Street Journal, this paper has lots of interesting articles and is steadily increasing its circulation Financial Times/Wall Street Journal: The 2 Big Daddies of Global Finacial Journalism, each has a fantastic coverage of all international events. FT, based in UK does tend to have a slightly more Eurocentric view of the world. For information on good books to read click here |