2006-07-20 03:41:11 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
When I was 10 yrs old, I wanted to play tennis. So I bought a tennis racquet and some balls and started playing. Several years later, I took lessons and spent the next several years unlearning my bad habits.
Most people open a trading account, lose money, then figure out they have to "know" something. Money is not the answer to trading, but merely gives you the means to trade. There is no one answer, but hundreds, thousands.
You have to investigate first, do some of the work, then ask specific questions when you don't understand something or get lost or overwhelmed. Nobody can do the work for you. There is no substitute for study, hard work, and persistence.
Read vociferously.
"Which Is Better, Buy-and-Hold or Market Timing?"
"Do You Have What It Takes to Be a Market Timer
The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"
Kamich, Bruce M.How Technical Analysis Works
Lefevre, EdwinReminiscences of a Stock Operator
O'Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street
Rotella, Robert P.Elements of Successful Trading, The
Schwager, JackStock Market Wizards
Test your theories on a trading simulator at Investopedia.com
2006-07-20 03:54:28 · answer #1 · answered by dredude52 6 · 4⤊ 0⤋
Money
2006-07-20 10:44:48 · answer #2 · answered by IndyMM 5 · 0⤊ 0⤋