Is there a website that is very good at predicting stocks?

Question

Preferably a reputable one.

Answer 1

If you subscribe to Hulbert's Financial Digest, it will tell you of the best newsletters, and how they work.

It takes a lot of research to predict the future. If you spent your life dealing with something as intrinsically dull as the stock market, would you give it away for free?

I bet you would not. You would take money from others who would gain from those you advise.

Mutual Funds are a more secure way to invest successfully, and Hulbert's covers them too. It is fairly inexpensive and will make you LOTS smarter.

Penny Stocks are like slot machines. They rarely make anyone rich.

Answer 2

in the long run, no.

as any site becomes well known, more and more traders trying to make a quick and easy fortune will use its methods which will make the system fail for those who aren't consistently the first movers among the now thousands or tens of thousands of followers.

then people will try to predict what the site would predict tomorrow ... if they accomplish that, that method will also be run into the ground by would be easy millionaires.

of course, the site's profitability increases as they sell more and more people on their methods/results, so there is a built in conflict between the site's goals [more people] and the trader's goals [no competition].

***
when you do your own thinking in the markets, only you are doing what you've discovered ... or at most a few tens of players. Then the opportunity won't dry up on you.

there is no substitute for doing your own thinking in the markets.


is this clear?

Answer 3

Good companies that recommend stocks range in correct predictions 40-65% of the time.

You can do great with a company that's correct 50% of the time if you & them have very good money management skills.

Money Management is considered 80% of the formula for making money in stock trading.

If you're new to trading.... stay away from Penny Stocks for
at least 5 years.

Learn as much as you can. Good luck!

Answer 4

If you are into penny stocks, then try this free site. paper trade first and hen decide. picking stocks is an art and nobody is 100% right all the time. Do your self a favor and educateyour self as muchas you canand come up with your own picks.

http://www.pennystocksmpire.com

Answer 5

http://www.tradingzoom.com/home

Answer 6

http://www.mastersoequity.com

Answer 7

stockcharts.com