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it will be authenticated, it will be practical,timetested & result oreinted( make best buy level).it may be software or some mathmatical derevatives or whatever it is.basically is it possible to find such process or methood. give some tips. or some websites.

2006-07-01 02:44:43 · 6 answers · asked by udj 1 in Business & Finance Investing

6 answers

technical analysis is the process of judging the emotion in the market place. Its about reading what others are thinking and then taking advantage of that. Now there are great technical setups, but nothing is 100%. you got to develop a process where you keep losses small and winners big. 2 great places to start would be www.chartpattern.com and look under the classical patterns section ( this is free ) and www.pristine.com . they also have a free section you can look at to get started. I have been trading for over 10 years and can tell you these are the 2 best to use.
also, as a beginner, you will have the best odds of success by buying stocks that are already going up... don't bottom pick or try to buy "cheap" stocks.. they are usually cheap for a reason

2006-07-01 03:15:09 · answer #1 · answered by Anonymous · 0 1

Almost all the software programs work IF you know how to use them. Technical analysis is complicated and you would be wise to invest in a class first.

You can purchase books as well to get you started, and "paper trade" - playing without real money for several months, first to practice before you jump in with real money.

Just so you know, there is NO system that is fool proof. The market is still largely unpredictable. A good trader is happy to have more wins than losses.

Also be aware that taxes (short term trades are taxed at your maximum marginal tax rate) and trading fees make a huge dent in your purse. MOST traders do not come out enough ahead to merit the extraordinary risk of this type of trading.

Trading is gambling and for some carries rewards, but it is not investing.

Just be sure your eyes are fully open and this is money you can genuinely afford to lose.

2006-07-01 03:34:18 · answer #2 · answered by Lori A 6 · 0 0

The short answer is NO. Some techniques of TA work some of the time...
If there was one way that worked most of the time everyone would use it which would, ironically, cause it not to work! (too many buyers would drive prices too high, too many sellers using it drive px's too low).
In the long run, there is one thing that drives the price of a stock: EARNINGS.

2006-07-01 03:44:27 · answer #3 · answered by cigarnation 3 · 0 0

Technical analysis can take years of practice before getting really good at it. There are a ton of websites that issue Technical Trader type analysis. You might want to visit http://www.investmenthouse.com or http://www.streetadvisor.com or http://streetauthority.com or http://www.technicaltraders.com for some guidance.

2006-07-01 09:42:26 · answer #4 · answered by MarketFN.com 2 · 0 0

The only TA technique that always works is arbitrage. But only large institutions can do it.

2006-07-03 11:45:45 · answer #5 · answered by Michaelsgdec 5 · 0 0

yes, visit www.stocksidea.com they are stock consultants and provide indian stock market advices.

2006-07-01 07:47:42 · answer #6 · answered by Abhi 2 · 0 0

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