2006-09-04 12:57:56 · 7 answers · asked by aj7220420012000 1 in Business & Finance ➔ Investing
Agreed. There's lots of opinions depending on how involved you want to be in directing your decisions and if you want to learn how to trade vs. use a system to trade vs. have someone else pick for you.
Ok, to answer your question, you can go to investools.com or optionetics.com for some companies that can show you how to "read" the market and make decisions. You can also go to investors.com to get some good information for beginner traders as well.
Like has been mentioned, no system can "predict" the future. However, you can learn enough to know a good stock from a bad one. You can also learn when it's most likely that stocks'll move in your favor and what types of stocks tend to move.
So can you with 100% certainty know what'll happen? No. But can you get sufficiently informed that you know what to do if the market moves one way or another? YES!
Let me know if you have any questions.
Hope that helps!
2006-09-06 09:43:04 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
1
2016-12-23 23:30:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
With a question like that, you are sure to get loads of bad advice. "Reading the stock market" is a losing game. Even Warren Buffet, the world's best investor, says that he doesn't have any idea what the market will do tomorrow, next week, or next month.
The way to win in the stock market is through slow and steady gains. And the way to do that is through diversification.
Two classic books should get you on the right path:
A Random Walk Down Wall Street (by Malkeil)
and
The Four Pillars of Investing (by Bernstein)
2006-09-04 13:39:12 · answer #3 · answered by Dan G 2 · 1⤊ 0⤋
The book "Random Walk Down Wallstreet" will give you some good sound market evaluation principles of how the Fundamentalists and economists and theorists view the markets. There is some very good research, explanations, and definitions here, and you should learn a lot from it. But the end result and conclusion is simply inconclusive, misdirected trash. In the end, they try to make a "Theory" out as fact, sorta like they do with the "Theory" of Evolution. What the book tries to say convincingly, is that Technical Analysis can't possibly work, and we should all invest like Warren Buffet, without trying to time the market. Hogwash.
Instead of a random walk down Wall Street, step inside the exchange and walk down the rows of successful traders who use Technical Analysis. Even the Institutions have embraced the method and almost all now have a Technical Analyst.
Walk into any major library, and evidence the thousands of books on TA. Proof enough. There are millions and millions of online traders using TA successfully, including myself; proof enough that the conclusions of the Random Walk Down Horshit Lane are simply not true. The author couldn't make it as a trader, so he became a theorist. Because he couldn't do, he says it can't be done.
Back to your question: websites. One of the best is Investopedia.com
Also try their free simulator for trying out your ideas.
http://simulator.investopedia.com/home.aspx
Day trading sites
About.com: 'Becoming a Day Trader'
http://daytrading.about.com/cs/education...
About.com: 'Day Trading'
http://daytrading.about.com/#b
AskMen.com: 'How To Become A Day Trader'
http://www.askmen.com/money/investing_10...
Day Trading World:
http://www.daytradingworld.com/...
Daytrader's Bulletin:
http://www.daytradersbulletin.com/...
Other good books on trading
"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"
Droke, ClifTechnical Analysis Simplified
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, EdwinReminiscences of a Stock Operator
Lofton, ToddGetting Started in Futures
Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist
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
More sites on how to start trading online
http://www.bernanke.cn/stock-trade/
http://www.stock-trading.jims-info.com/...
http://money.howstuffworks.com/...
http://www.investopedia.com/
http://sharebuilder.com/
www.stockcharts.com
2006-09-04 16:21:17 · answer #4 · answered by dredude52 6 · 0⤊ 0⤋
I would check out http://investor.msn.com. They rate their stocks 1-10, and tell you why each stock has its rating. You can also see the top 50 stocks. You get some decent stock picks, as well as some education.
2006-09-04 16:48:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com ... in the section streettalk university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 74,000.00 and 30000.00 in taxble account. by follow simple rule
2006-09-04 16:41:21 · answer #6 · answered by Hoa N 6 · 0⤊ 0⤋
read tips on investing and stocks on this site
2006-09-04 14:27:35 · answer #7 · answered by Anonymous · 0⤊ 2⤋