Fully revised and updated, this new edition provides a practical guide for both potential and experienced investors and shows that by using a logical approach many of the pitfalls of investors can be avoided. The author dispels many of the myths surrounding stocks and shares and explains how significant profits can be made. Readers are shown the elements of risk involved in decision-making - when to buy and sell, which shares to choose, which rumours to heed and which newspaper reports to believe - and told how all risks can be minimized by timing decisions accurately to fully exploit market trends. This book should be of benefit to private investors, accountants and financial advisors.