Does anyone know about trading signals and which one is the better one to use?

Answer 1

Wow ! You got a couple of really emphatic answers that sort of just holler two , three different opinions at you...but, if you want to hear about a trading method with simple signals to follow go to a website called " Green on the Screen". When you get to it, click on the link that says something about " Muddy's interview"...then listen to this guy quietly explain some simple plans that you can follow...( and I mean quietly... no superhero stuff, just " heres how it's done" )
Like most things that are worthwhile, it will take a little effort...but you can listen three times and take notes...but if you're serious, the info is at your fingertips.

Answer 2

Okay, the first answer given on this post is just plain STUPID.
Maybe for that moron trading is hard and therefore beyond them, but I rarely hold anything over 3-6months. I have a nice 144% YTD return...which far exceeds your stupid 7% answer.
As for you question...i would have to go with the second post.
There is not enough information to answer this question.
If you are referring to software of trading platforms that give you trading signals on when to buy and sell...don't waste your money. People become dependant on these expensive pieces of crap and they don't know what to look out for. These softwares generally deal with Pivot Points, which is something you can do on your own. Just type in Pivot Point Calculator in Yahoo! Search, and you will find tones of online sites that give you the information for free.
If you are referring to technical analysis tools that signal a trade, then you are walking into a tough world there.
I generally don't use them, as they run use historical information to tell about impending events...and they can be off. Think of it this way, if there was a perfect Oscillator or Indicator, then there would be no need for the others.
I use the Pivot Points, and use trend lines. When the market seems stagnant, I will use the RFI to see if the volume is indicating oversold or overbought...but for the most part I don't use anything else.

Answer 3

I'm afraid your question is not specific enough. "Trading Signals" could mean many things. Are you referring to;

Technical Signals (EMA's, Support/Resistance, Fibonacci, candlesticks and 300 more)?

Signals from a "trading service"?

A first rule of thumb is to understand that any signal alone is never enough. A trading signal service is doing well if they're correct 50% of the time. The real trick to success in trading is "money management" (stops, exit plans etc.).

Read some good books on technical training. That's a start.

Answer 4

Trading signals for trading in the pit? For the basics check out

http://signlanguagecourse.weebly.com/trading-sign-language.html

Good luck

Answer 5

Don't trade. Invest. Very few (~7%) traders actually make a profit, most stop after losing the limit they can bare to lose (an average total loss of $7-10,000). The few that do make money make it mostly at the expense of the losers.

If you put the amount you are willing to risk in a SOUND, safe stock investment (for example "Diamonds"{DIA} or "Spiders"{SPY}), you will earn 10-12% a year on average (and consistently double your cash every seven years) without doing ANY work & without really taking ANY risk!

Trading is for fools or gamblers.

Answer 6

We know and we answer all questions.

www.beanieville.blogspot.com