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"The way to Trade" has been a huge hit! Remember when you study any of this material you are benefiting from many years of experience and a great volume of trades conducted by these traders. You will never be able to replace experience so that is what you are really paying for.
The basics remain basics unless you learn HOW to apply
information. Knowlegde is useful, followed by a trading system you understand. Test every concept on paper first without "risk".
You will need a way to get end of day prices either from
paper or some data provider and then chart by hand or use computer charting packages to draw your price charts, with technical indicators to help you analyze
price chart.
Find a system - something you are comfortable using and build your skills over time. I have been doing my own swing charts and also using Metastock with technical indicators.
I use a variation of
"123 System", to time my writing strategies.
(You can get
"123 System" and 20 other bonuses bonus by taking up
offer - see
author bio link.)
Now if you are following a stock make sure you get to know it's every move. I would suggest you only follow ONE stock. The reason is that you will start to understand it better and you will become more successful trading that stock. The same goes for any other trading instrument.
You should be paper-trading before you put any money on
line. Don't choose specs for this exercise....
trade big companies...top 20, top 50, top 100.
You need volume and liquidity so check
numbers and make sure your chosen stock has a BIG following and is a profitable company.
Build Your Trading Skills Use The Resource List:
1*Knowledge of
basics - not just technical analysis
"Trading Secrets Revealed" is a step-by-step trading roadmap that designs excellent money management. http://tinyurl.com/4xml6
"Trading For Beginners" Reducing risk via position sizing(how much do I invest) and applying stop lossess.
http://www.surefire-trading.com/sft.php?offer=tutorxt007&pid=1
2* Using a trading system you feel comfortable with - testing it out thoroughly before investing money.
Learn About Trading Systems http://tinyurl.com/2fgrv
Get Trading Plans http://tinyurl.com/4ehhs
3*Starting off with stocks and building your skills and your knowledge and then trying out other instruments.
"How to Trade
Futures Market" http://tinyurl.com/2rcxz
Regards, Joseph Sgro THE 10 Simple Rules Ezine http://www.tutorhelp.com.au/ezine.html
P.S. Happy reading!!
http://www.tutorhelp.com.au/BLOG.html
================================================== Copyright(C) Joseph Sgro 2005 Further this discussion by reading: "10 Simple Rules to Make Serious Money in
Sharemarket and Keep it!" http://www.tutorhelp.com.au/sharemarket.html
For more articles: http://www.tutorhelp.com.au/articles.html ==================================================

Joseph Sgro started THE 10 Simple Rules Ezine is an paid subscription ezine as a way of telling people how to avoid the same trading errors he made.
He states, "My education has been expensive and if you do things right you will get educated cheaper than me".
To read his story and get his "learn to trade package" go to: http://www.tutorhelp.com.au/sharemarket.html