The stock exchange is increasingly dispersing and multiplying. An investor can deal on the Nasdaq in New York, or the Frankfurt stock exchange, or just go to an on-line broker or intermediary. While all this makes it easier and cheaper for an individual to trade, it becomes difficult to see where the market is, and probably less easy to trade successfully. The investor has to be even more carefully armoured and protected by knowledge. This fully revised new edition will tell investors what is being traded and how, who does what with which and to whom, and how to evaluate both the shares and the proponents' claims. In his acclaimed lucid style, Michael Beckett cuts through the investment hype to answer such questions as: What are shares?; What are gilts?; What are futures and options?; What about overseas shares?; Where and how can you buy shares?; What do the newspaper financial pages mean?; How do you pick a share to buy?; Whose advice can you trust?; When do you sell a share?; What is the point of owning shares?