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i am doing my bsc 2nd year and i am studying the market from past 1 year ...but i want to go to mumbai and become a technical analyst by profession ...so i want to know about the institutes which offer this course (if not)...i want the details of the softwares(names of the softwares) ..and where should i apply for that software... iam ready to pay anything for it ...please help me out ..please as soon as possible ..thank u

2006-10-20 05:51:03 · 2 answers · asked by Anonymous in Business & Finance Investing

2 answers

I don't think you're ready for the software if you haven't even gotten the basic terminology down yet.

Everyone started with nothing. Your potential lies within you. Keep reading, studying, and testing your theories.

You need to do the work first, learn a few terms, read a few books, which you will have to do anyway. Go to the library, and browse through the row upon row of the subject. All of these questions will be answered as soon as you take the first step and read a beginners guide to investing.

Try to determine your time horizon. Short-term, long-term?

Take a look at charting and Technical Analysis for following trends in the markets. Why would you own a stock that is in an obvious decline?

Realize right away there are two sides to the market, not just the upside. What goes up, eventually comes down at least part way.

Learn how to analyze risk, and make this your primary approach, not by compounding profits and erroneously analyzing how much money you can make. For example, most traders don't make any money at all; more than 80% blow out.

Learn about money management techniques, and maybe you'll stick around awhile.

Test your theories on a simulator for free, and when you begin to make "virtual" money, then invest your money in software and risk your own in the markets.
http://simulator.investopedia.com/home.aspx

http://investopedia.com

http://investing.sitesled.com/

http://futures.tradingcharts.com/learning/


Blogs
http://winners-and-losers.com/

Training & classes
http://bettertrades.com

http://investedcentral.com

Bigcharts.com
http://www.stockTA.com
http://www.stockcharts.com
http://www.incrediblecharts.com...
www.prophet.net
americanbulls.com

Real time stock quotes
http://new.quote.com/

http://www.pcquote.com/

http://quotes.freerealtime.com/dl/frt/s...

http://www.realtimestockquote.com/realti...

http://billing.finance.yahoo.com/realtim...

2006-10-20 08:58:36 · answer #1 · answered by dredude52 6 · 0 0

bombay stock exchange & national stock exchange conduct courses from time to time. get in touch with them.

2006-10-20 14:25:23 · answer #2 · answered by NirmalJain 2 · 0 0

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