The worst thing that can happen to a beginner momentum trader is to get information overload. It's better to go step by step, and test a practical stock trading strategy that can show you how to focus on concrete ways to make money while picking SOLID hot stock trading opportunities once at a time.

Fortunatly there are great sites on web today that can show you how to trade in a sharp and effective way. One of those sites is Chat Hot Stocks http://www.chathotstocks.com

In end, momentum trading is all about buying and selling stocks according to your especific knowledge FILTER. Once you master and follow your proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.

Find out how to do it with ease and simplicity at Chat Hot Stocks.

http://www.chathotstocks.com

Here's an example:

Let's say you have four, maxed out, credit cards. Each with a balance of $5,000 ($20,000 total.)

Say minimum payment on each card is $100 (yours may be different) making your monthly minimum payment total $400.

Now let's say you have $500 per month to pay these off, which you found through analyzing all your spending.

Card #1 has highest interest rate and you'll send $200 per month to that card and pay minimums ($100) on each of others.

And you're not adding any new spending.

The extra $100 you're sending in to card #1 goes to actual balance of card, not interest. This will let you pay that card off a lot faster. You might be able to kill this card in two years, instead of 5.

Eventually, card #1 is dead. The entire payment, $200, that you were making to card #1 gets added to payment on card #2, for $300 total. ($100 minimum plus extra $200 from card #1.)

The balance on card #2 will be less than $5,000 since you've been making your minimum payments all along. Adding $200 from card #1 to payment of $100 that you've been making to card #2 will make this card go away much faster than first card did.

When card #2 is gone you take $300 per month that you were paying to #1 and #2 and add it to payment on #3, which will now be $400/month.

When #3 is done you repeat procedure for card #4, but now you're sending whole $500/month to that one card.

Obviously this system will take years, but at end of that time you have:

* Four dead cards (hopefully you cut most of them up,) * Spending and budgeting discipline earned from going through whole process, and * $500/month to put into a savings account or where ever.

Good luck!