recommended books, page-18

  1. 23,194 Posts.
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    "It is easier to interpret chicken entrails.

    I think there is a word for that."

    LOL Humms

    there is...

    it is called shortsightedness.lol

    jdub

    If there were a holygrail that totally encompassed all emotions and reasonings then there would be no market.

    The only reason there is a market is because peoples reasons differ.One thinks it is a time to sell and one thinks it is a time to buy.
    Depending on circumstances both can be correct.

    A chart purely provides indicators not absolute directions.
    Some can interpret various indicators and not others as well.
    Some simply follow trends and some use only fundamentals.

    All good traders employ money management.
    I have read Guppys books which whilst giving the basics tend to promote his own indicators (guppys multiple moving averages etc)
    Louise Befords Secrets of Candlestick trading is a good beginners read.
    The Art of Trading by Christopher Tate is one that I also would recommend probably the most highly.

    The simple rule in all the books is don't look for a Holy Grail. Black box systems are dangerous because you follow a cross over of a squiggly line but don't know why.

    There is an enormous amount of free stuff on the net also.
    Just do a search for stock charting or candlestick charting and don't get sucked into paying for anything online inspite of all the promises some sites will make.

    Heres is one to start you off but the are literally hundreds.http://www.investopedia.com/articles/technical/02/121702.asp

    best of luck and the main thing I would suggest that is required to be successful is you need to write a trading plan.
    Again you can find a lot of reference freely available with a google search on how to do this.



 
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